Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion On 6/3/21 at 4:32 PM EDT CryptoCorner Bitcoin may be poised to move higher, but it won't be a meteoric rise, and any increase will be well below the cryptocurrency's all-time high. The world's leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month. However, Bitcoin mining activity suggests a move above $40,000 is possible. "Several on-chain and network indicators have reflected a bullish skew over the week, albeit most being relatively neutral for the short and medium-term," Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report.