In the last 48 hours, the Bitcoin price recovered beyond the crucial $3,500 support level and avoided a further drop below $3,000. The valuation of the cryptocurrency market increased from $110 billion to $120 billion, by just over $10 billion. Following the strong corrective rally of Bitcoin, billionaire investor Mike Novogratz stated that every major macro fund should hold at least 1 percent of their portfolios in Bitcoin. How’s the Long-Term Prospect of Bitcoin? Generally, analysts expect Bitcoin and the rest of the cryptocurrency market to begin recovering in the latter half of 2019. Throughout the past 10 years, BTC
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