Bitcoin tops $9,470, Bitcoin is once again the best-performing asset in 2020

Bitcoin tops $9,470, Bitcoin is once again the best-performing asset in 2020

Bitcoin tops $9,470 which is far outpaces our target price at $9,200, boasting a staggering recovery that puts the stock market in the shade. Since its bottom near $3,850 on March 13, Bitcoin has pumped more than 130% in price. At its recent high near $24,750, the Dow has only risen approximately 36% since its March 23 low near $18,210. Therefore, Bitcoin is once again the best-performing asset in 2020 and is expected to swing up to the next resistance level at $10,000.

The halving news could also be at play. As mainstream and crypto markets continue recovering, there’s one fundamental driver that may be at the helm of Bitcoins’ drastic upward thrust — the coin’s block reward halving.

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