Since yesterday, Bitcoin’s value has risen by nearly 4%, leading analysts to believe that another surge could be looming large on the horizon.
- Experts believe that a near-term target of AUD$112k (US$84k) could easily be achievable for BTC
- A report released by JPMorgan claims that Bitcoin’s “real value” at the moment stands close to AUD$47k
- Miami Mayor Francis Suarez is reportedly going to accept his next government paycheque in the form of Bitcoin
After having stalled around the AUD$82,000 range for nearly a week, the last 24 hours have seen Bitcoin rising as high as AUD$86,400 only to correct and fall back down slightly thereafter. At press time, BTC is trading for $84,776.
Pseudonymous crypto analyst Pentoshi believes that BTC was undergoing a period of consolidation and that more upward action could be on the cards over the coming few days and weeks, adding: “Any pullback towards US$62.5k is a