Bitcoin buyers will drive price back to $100,000, analyst says

Crypto traders are set to push the price of Bitcoin back to $100,000, according to Shawn Young, chief analyst at MEXC Research. His argument? Yes, buyers aren’t scooping up digital assets at the same volumes they did a few months ago, but they’re still buying more Bitcoin than what’s mined each day. “This creates a net-positive supply dynamic that could trigger a rebound in the near term,” Young told DL News. His optimism offers a counterweight to the pessimism that’s swept across crypto markets since ...