Bitcoin Price Rally Raises Expectations, $10,000 Mark Anticipated

Bitcoin’s current price rally, which has seen it break past the $8,000 mark for the first time since May, has heightened a lot of market watchers’ expectations. Some analysts are predicting a run towards the $10,000 mark while traders are viewing it as some early signs of a revival for virtual currencies.

 Signs of Recovery as Negative News Dies Down

In the past fortnight, there have been strong bullish signals for Bitcoin with the price rising by over 20 percent and increasing the currency’s dominance index as it outperforms other cryptocurrencies.

This surge has been viewed as a possible sign of a rebound for cryptocurrencies.

Speaking to Express.co.uk, Jordan Hiscott, Chief Trader at the UK-based Ayondo Markets suggested that the negative news around cryptocurrencies had already peaked and would likely die down.

He also added that there was room for Bitcoin’s price to reach $9,200 in the very near term as long as it trades above $7,300, saying:

In my view, Bitcoin…