3 Reasons Why Analysts Think Bitcoin Will Move Higher After Rally to $18,800

3 Reasons Why Analysts Think Bitcoin Will Move Higher After Rally to $18,800

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Bitcoin is exploding higher despite fears that it would see a strong drawdown toward the $14,000-15,000 region. The Coin

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is up 6% in the past 24 hours as buyers continue to flood in. Here are three reasons why the cryptocurrency could continue to rocket higher in the weeks ahead.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

#1: Bitcoin is Getting Further Wall Street Support

First and foremost, Bitcoin is getting more support from Wall Street investors despite the fears that the cryptocurrency was a scam just years ago.

One CIO at Blackrock, one of the world’s biggest financial companies, announced this morning that he thinks cryptocurrencies are here to stay and that Bitcoin may replace gold. The

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