Charted: Bitcoin price rallies as crypto analysts eye ‘historical highs’
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Bitcoin is just a few thousand dollars away from hitting an all-time high, following a remarkable rally that has seen the cryptocurrency increase in price by nearly a third since last month.
The world’s most valuable cryptocurrency was trading above $68,000 on Wednesday, recovering from a dip below $53,000 in September during a panic-induced sell-off. A modest price surge of less than 10 per cent from here could push bitcoin past its previous record high of $73,700 set in March of this year.
Bitcoin’s surge towards an all-time high is reminiscent of past bull markets, such as the…
