Bitcoin recovered to $93,000 after a leverage flush on Sunday, with analysts now predicting that macro tailwinds could push the cryptocurrency over six figures.
Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.
“This is what you’d want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,” MN Fund founder and analyst Michaël van de Poppe said on Tuesday.
He added that it was “crucial” for Bitcoin (BTC) to break above $92,000.
