Will Bitcoin continue its upward momentum?

A bull run in the crypto market is expected in 2024. Bitcoin ( #BTC/USDT ) is set to undergo its next halving cycle in April 2024, which many consider to be a bullish event. Additionally, there is a possibility that the SEC (Securities and Exchange Commission) will approve a spot BTCETF (Exchange Traded Fund) early next year. Both events could spark another bull run in the crypto industry. In this scenario, BTC could emerge as the market leader, with some expecting the original cryptocurrency to surpass its 2021 peak of $69,044.

Furthermore, long-term holding of Bitcoin has proven to be profitable in almost all circumstances. Bitcoin has been one of the best-performing assets over the past decade, outperforming many top stocks and commodities. Some are even predicting that BTC will hit the $100,000 mark soon, while others estimate that the coin will reach $1 million. Additionally, if a spot BTC ETF is approved, we may see an increase in institutional adoption of BTC products, which could further drive up the price of the asset. #bitcoin