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Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say.

The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021, according to Bloomberg analysts. .

While the odds appear stacked in favor of the bulls, the cryptocurrency remains vulnerable to a March-like panic sell-off in the global equity markets, according to Bloomberg analysts

The top cryptocurrency by market value reached a record high of $19,920 earlier this week, surpassing the previous all-time high of $19,783 reached in December 2017

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