📈 Bitcoin analyst calls early bull market as BTC price targets $50,000 in December 🚀

El Salvador's Freedom Visa & citizenship program, requiring a $1 million deposit in Bitcoin or USDT, contributes to Bitcoin's positive momentum. The country's embrace of Bitcoin as legal tender has sparked global interest.

🌐 **Catalysts Fueling Bitcoin Surge: ETF Anticipation and Institutional Adoption**

Bitcoin's current sideways trading near $43,500 follows a 15.25% weekly gain. Analyst Alistar Milne predicts an early 2024 bull run, highlighting the significance of BTC's 50-week Moving Average crossing above the 200-week in a promising "golden cross" formation. 🐂

Daily Digest Market Movers: Bitcoin analyst predicts an early BTC bull run in the beginning of 2024:

• Bitcoin price is trading sideways close to the $43,500 level on Friday after BTC yielded 15.25% gains for holders this week.

• Bitcoin analyst Alistar Milne analyzed the weekly

• Bitcoin price chart and noted that the current BTC bear market was the “worst” time spent under the 200-week Moving Average price for Bitcoin.

• In accordance with Milne’s prediction, BTC’s 50-week Moving Average will soon cross back above the 200-week in a “golden cross” formation.

• Milne considers this a sign of an early bull market for Bitcoin.

• Catalysts driving Bitcoin’s recent gains include El Salvador’s announcement of the Freedom Visa and citizenship program, in partnership with Tether, and Robinhood exchange’s launch of Bitcoin and crypto trading in the European Union.

• El Salvador’s Freedom Visa requires a $1 million investment in Bitcoin or USDT and welcomes investors to a “Bitcoin Lifestyle”.

• Robinhood has ushered in commission-free crypto trading in the EU, driving cryptocurrency adoption and ushering demand from market participants in the region.

• These catalysts are likely to fuel Bitcoin price rally and support the bullish thesis for BTC.