Bitcoin faces ‘upside catalysts’ in the next few months

Bitcoin briefly topped $35,000 on Monday night, hitting a high not seen in over a year.

The listing of BlackRock’s iShares Bitcoin Trust on the DTCC website fueled the rally, following last week’s false tweet suggesting the company had received the US Securities and Exchange Commission’s approval.

As of Tuesday morning, however, the BlackRock DTCC listing no longer appeared on the website, a fact that did not seem to surprise Bloomberg analysts Eric Balchunas and James Seyffart.

Balchunas said he’s “not totally shocked” by the listing being removed. 

“My guess is they were told to or want to wait until they are days, not weeks or months away. As I said [yesterday] it was…

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