Bitcoin may rally 30%, scale $28,000 by year-end: Deutsche Bank

Even as the world’s largest digital currency by market capitalisation continues to stay above the $19,000 mark amid a broader market slump, Bitcoin (BTC) could go as high as $28,000 by the end of the year, according to Deutsche Bank. BTC is currently trading flat at $19,250 after making a low of $18,729 on Friday morning, a far cry from the high of $48,234 level seen in March this year.

An analysis by Deutsche Bank strategists Marion Laboure and Galina Pozdnyakova suggests that BTC could rally around 30 percent from its current levels, however still over halfway from its all-time high.