Bitcoin has the potential to hit $56,000 in the coming sessions, asserted independent market analyst Josh Rager.
The Blockroot.com founder said in a tweet published Tuesday that BTC/USD could keep on rallying higher based on two reasons. First, the recent approval of US President Joe Biden’s $1.9 trillion stimulus package in the Senate could assist the ongoing Bitcoin recovery rally in growing further. And second, the cryptocurrency’s positive correlation with the US stock market could act as a bullish tailwind.
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