Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon

With the re-entry of bulls in the cryptocurrency markets on Thursday, the price of the largest cryptocurrency in the world by market cap, Bitcoin, may soon touch $19,600.

“After a two-day losing streak, the price of Bitcoin rebounded at a key point of support on Thursday. It has hit a peak of $19,280 as the bulls rejected a breakout below the vital support at $18,900. As bulls have become active in the market, we might see Bitcoin touching $19,600 in the coming days,” Edul Patel, CEO and co-founder of crypto investment platform Mudrex, said.

Ethereum, the second largest digital currency, may rise to $1,300.