Some cryptocurrency market observers believe that if bitcoin can make it back to $10,000, rallies fromt there could be significant. Recently, the Bitcoin Dominance Index has been rising, confirming the dominant perch of the cryptocurrency. After bitcoin, the largest cryptocurrencies are Ethereum, Ripple, Bitcoin Cash and Litecoin.

“Greenspan, billionaire investor Mike Novogratz, and cryptocurrency investment firm Pantera Capital CEO Dan Morehead, along with many other major cryptocurrency investors have noted that the bitcoin price is likely to surpass its all-time high in 2018,” reports CCN. “Given its growth rate over the past month and its swift recovery, it will be possible for bitcoin to reach the $20,000 mark if it can sustain its trading and transaction volume.”

At mid-day Friday, Bitcoin was flirting with $9,700 with a market capitalization of nearly $165 billion.

For more information on the cryptocurrency market, visit our Bitcoin category.