On Wednesday, Bitcoin (BTC) embarked on a slight rally, moving from its local support at $5,200 to higher levels as most other crypto assets, like Ethereum, XRP, Tezos, and Binance Coin, rallied strongly. As of the time of writing, BTC has found itself at $5,300, posting a 1% gain in the past 24 hours, while a number of altcoins have gains in the low single digits (2.5% to 5%).
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Although cryptocurrencies are expressing signs that they are looking to surge for a second time, some analysts are adamant that BTC will flatline for here. But, that isn’t necessarily a bad thing for crypto’s prospects.