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Analyst Sees Bitcoin Price Rally Through 2021

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Michelle deBoer-Jones
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The bitcoin price rallied over the weekend, climbing to its highest level in months. In fact, the cryptocurrency has just about doubled since the beginning of the year, and some analysts see nowhere else to go but up. The bitcoin price neared $7,600 on Sunday and continued to climb Monday after a very brief pullback.

Q1 hedge fund letters, conference, scoops etc

Bitcoin Bubble Burst
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Pattern recognition for the bitcoin price

In a note late last week, Canaccord Genuity analyst Michael Graham compared the cryptocurrency's recent price action to movements from several years ago. He separated bitcoin's price history into two...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.