A slurry of catalysts and historical behavior could catapult bitcoin ($BTC ) to as high as $160,000 in a widely expected bull market that analysts say could be underway in 2024.Expected demand for bitcoin from several spot exchange-traded funds (ETF) in the U.S., the upcoming halving and growth in broader stock markets on the back of rates cut could buoy bitcoin prices to at least $50,000 in the short-term, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk.We argue that bitcoin and crypto markets could have a positive year in 2024 mostly amid the effects from: 1. The market valuation cycle, 2. Network activity, 3. The bitcoin halving, 4. The macroeconomic perspective, 5. Bitcoin spot ETF approval and 6. Growing stablecoin liquidity,” analysts at CryptoQuant said.“On-chain valuation and network metrics signal bitcoin remains well inside a bull market and may be targeting $54,000 in the medium term and $160,000 as this cycle price top,” they said.Bitcoin has historically rallied after its halving event – which automatically decreases the supply of new coins in the open market – and traders are likely pricing in the event that’s next scheduled for Apri2024.#BTC #HalvingCountdown #btchalving2024 #ETH #binance $BTC

Bitcoin and other cryptocurrencies rallied Tuesday, with the leading digital asset blowing through a key level to hit its highest point since the crypto crash accelerated last summer. Prices could keep rising in the short-term with bulls back in charge.

The price of Bitcoin has jumped 6% over the past 24 hours to $30,100. The largest crypto had consolidated around $28,000 for weeks before prices took their latest leg higher amid a surge that has defined 2023, with Bitcoin now up 80% since the start of the year in a move that has spurred calls of a new bull market.

“The present price pattern is expected to generate a lot of attention, as well as ‘fear of missing out’ among investors, many of whom have already missed out as the price has regained its significant losses,” said Naeem Aslam, chief investment officer at Zaye Capital Markets. “It is very conceivable that some profit-taking may occur at the present level, but given the momentum it is extremely probable that the price will continue to rise.”

Bitcoin prices haven’t topped $30,000 since a string of collapses rocked the crypto industry last June—ushering in a “crypto winter”—so a return above that psychological level is flashing bullish signals to traders. Bulls are firmly in charge, with the bulk of positions in the highly liquid and speculative Bitcoin futures market betting on a further rise in prices, with many bearish traders holding short positions already wiped out. #Binance #crypto2023 #BTC #BNB #ETH

Tim Cook, the CEO of Apple, the world's leading mobile phone and computer maker, has previously announced that he has bought Crypto.

According to a statement released recently, it is stated that the Bitcoin Whitepaper will be included in every Mac computer manufactured by this Apple company...

📌 Why is the whitepaper sent to all these Mac PCs, what could be the reason??? 🤔

#BTC #Binance #crypto2023 #BNB #ETH