Why Analysts Think Bitcoin (BTC) Will Rally to $11,500 But Fall to $8,300

Bitcoin (BTC) has been on an absolute tear as of late. After wallowing under $8,000 a few weeks back, the cryptocurrency has embarked on yet another rally, quickly moving past $9,000, to $10,800, where it stands as of the time of writing this. With this, BTC is up over 20% within a week’s time, marking one of the best weekly performances seen this year.

While BTC has shown signs of temporary weakness, as made evident by rejection at the $11,200 mark and a rapid sell-off to $10,300, some suggest that in the coming days, Bitcoin may continue higher. Let’s take a closer look at what analysts are saying.

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