Bitcoin Rallies Above $11,000
Bitcoin Rallies Above $11,000

Bitcoin is on the upswing.

The head of technical analysis at Oppenheimer suggests cryptocurrency is on the verge of a new uptrend.

Bitcoin rallied to its highest level in nearly a year in late Monday trading.

It held the $11,000 level into Tuesday morning.

Gold is likely the most popular hedge bet for those expecting inflation to rise.

Business Insider reports Bitcoin is slowly reversing a years-long downtrend.