Bitcoin 'V-Shape' Recovery Opens Way for $76K Price Target: Swissblock

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

QCP Capital forecasted that bitcoin will break higher in the near term after"extremely impressive" bounce.record-setting move above $69,000 quickly turned into a bloodbath on Tuesday, but its rapid recovery to $67,000 one day later may foreshadow another imminent run for new all-time highs, according to crypto analytics firm Swissblock.

"V-recovery – and onwards towards new all-time highs," Swissblock said in a Wednesday Telegram update.

 

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