Bitcoin is trading near its highest level in more than two months as it inches back towards the key $US100,000 level, but observers are divided on whether this latest rally can push the world’s largest cryptocurrency to a fresh record. Observers are optimistic the world’s largest cryptocurrency can once again hit six figures, but it will need a catalyst.

Bitcoin jumped to $US97,558 overnight before settling at $US96,457 on Thursday afternoon. It is up about 9 per cent since the start of January.

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