Bitcoin (BTC) surging over 10% to $8,800 today is an exciting yet expected news to the market. While it once hit a low at $3,130 in December 2018 from its last peak from a year time, the leading crypto asset has taken 5 months to retrieve the bullish mood, with more than double of its price.
"$20,000 is a conservative prediction for Bitcoin price in 2019, as I said last year," said Andy Cheung, Head of Operations of OKEx. "The rally won’t stop here, because more institutional investors are coming into the market and the 2020 halving effect starts to take place. We are thrilled to witness such bullish trend and I look forward to a new high the Bitcoin deserves. Bitcoin is not just a coin, but a spirit that hinders the crypto-industry."