2 Key Reasons Why Bitcoin Bulls Expect Further Upside
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Bitcoin has seen strong gains over the past seven days. According to CoinGecko, the leading digital asset is up 16% in the past seven days, outperforming Ethereum and a number of other digital assets.
Despite this strong rally in the price of the leading digital asset, analysts are expecting further gains in the weeks ahead.
Here are a few reasons why this sentiment has been shared about Bitcoin.
Bitcoin is seeing strong demand from players like MicroStrategy and other corporate players.
Just this past week, it was revealed by the business services company that it will be raising nearly $1 billion to buy Bitcoin through the sale of corporate bonds. The firm announced on the matter: