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24 November 2020

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.

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.

Underscoring all this, the fundamentals of the Bitcoin space are better than ever as the world continues its efforts to inflate fiat currencies to stem the adverse effects of the pandemic and shutdowns.

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