Bitcoin bears, beware: The world's oldest cryptocurrency is likely to stage a rally back to $100,000 after its massive pullback earlier this month, according to BTIG. "After a -36% peak-to-trough decline, we think Bitcoin is now poised to continue its reflex rally at least back towards 100k," BTIG analyst Jonathan Krinsky said Wednesday in a note to clients. The digital asset was last trading at $92, 451.30, up nearly 10% over the past five days, Coin Metrics data shows. However, bitcoin is still down 20% over the past month, due to a combination of macroeconomic and crypto-specific factors. BTC.CM= 6M mountain Bitcoin over the last six months For one, some investors are pulling out of risk-on investments into risk-off assets such as gold amid ongoing concerns about the valuation of artifi

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