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#Write2Earn #Bitcoin's Path to $150,000: Experts Weigh In on Market Outlook #BITCOINprediction #bullMarket
$BTC
Bitcoin (BTC) may have experienced a slowdown in momentum recently, but FundStrat's head of research, Tom Lee, remains optimistic, reiterating his bullish stance and projecting a potential price surge to $150,000 by the end of the year.
Lee highlighted several factors contributing to his positive outlook, including increasing demand fueled by the introduction of new exchange-traded funds (ETFs) and a reduction in supply due to the halving. Additionally, he anticipates that supportive monetary policies will further bolster risk assets like Bitcoin.
Despite Bitcoin's recent rally hitting a speed bump after reaching $53,000, its highest level in over two years, Lee remains unfazed, noting that Bitcoin has demonstrated resilience and suggesting that a significant downturn may not be imminent.
However, not all analysts share Lee's unwavering optimism. Joel Kruger, a market strategist at LMAX Group, advised caution in the short term due to potential volatility resulting from shifts in central bank policies and global macroeconomic weakness. He suggested that any market downturn could present strategic buying opportunities.
Similarly, Swissblock, an analytics firm, acknowledged Bitcoin's overall bullish outlook but cautioned about the possibility of a pullback to lower price levels before resuming its upward trajectory. They emphasized the importance of market stability and suggested that a retracement to the $47,500 support level could alleviate excess volatility.
$BTC
Bitcoin (BTC) may have experienced a slowdown in momentum recently, but FundStrat's head of research, Tom Lee, remains optimistic, reiterating his bullish stance and projecting a potential price surge to $150,000 by the end of the year.
Lee highlighted several factors contributing to his positive outlook, including increasing demand fueled by the introduction of new exchange-traded funds (ETFs) and a reduction in supply due to the halving. Additionally, he anticipates that supportive monetary policies will further bolster risk assets like Bitcoin.
Despite Bitcoin's recent rally hitting a speed bump after reaching $53,000, its highest level in over two years, Lee remains unfazed, noting that Bitcoin has demonstrated resilience and suggesting that a significant downturn may not be imminent.
However, not all analysts share Lee's unwavering optimism. Joel Kruger, a market strategist at LMAX Group, advised caution in the short term due to potential volatility resulting from shifts in central bank policies and global macroeconomic weakness. He suggested that any market downturn could present strategic buying opportunities.
Similarly, Swissblock, an analytics firm, acknowledged Bitcoin's overall bullish outlook but cautioned about the possibility of a pullback to lower price levels before resuming its upward trajectory. They emphasized the importance of market stability and suggested that a retracement to the $47,500 support level could alleviate excess volatility.
#write2earn #Bitcoin 's Remarkable Resurgence: Fueling Optimism Amidst Regulatory Shifts new All-Time High #ATH #bullMarket #BullRun🐂
$BTC
Bitcoin reached an all-time high driven by soaring demand from new US exchange-traded funds and anticipation of a decrease in the token's supply growth, triggering an impressive resurgence in the original cryptocurrency. Surging by up to 2.5% to $69,191.95 by 10:10 a.m. Tuesday in New York, Bitcoin has surged by approximately 62% since the beginning of 2024, outstripping the performance of global stocks and igniting optimism across the digital asset market.
Remarkably, Bitcoin's revival can be attributed partly to an unexpected ally: the US Securities and Exchange Commission (SEC). Despite a historically antagonistic stance toward crypto, the SEC's approval of spot-Bitcoin exchange-traded funds in early January, following a legal setback last year, has significantly broadened Bitcoin's accessibility to mainstream investors. This move has helped the crypto sector recover from the downturn in 2022 and a series of subsequent setbacks, including the collapse of Sam Bankman-Fried's FTX exchange.
A substantial influx of capital has flooded into ETFs issued by major investment players like BlackRock Inc. and Fidelity Investments, with net inflows exceeding $7 billion in less than two months. This surge in demand coincides with an impending reduction in Bitcoin's supply growth, known as the halving, further fueling bullish sentiment.
Stefan von Haenisch, head of trading at OSL SG Pte, remarked, "Breaking all-time highs, coupled with the current momentum in spot ETFs and the impending halving narrative, is likely to trigger genuine FOMO among observers currently on the sidelines."
Bitcoin's resurgence, which began in early 2023, has propelled the total market value of digital assets to around $2.6 trillion, marking a dramatic turnaround from the industry's nadir in November 2022.
$BTC
Bitcoin reached an all-time high driven by soaring demand from new US exchange-traded funds and anticipation of a decrease in the token's supply growth, triggering an impressive resurgence in the original cryptocurrency. Surging by up to 2.5% to $69,191.95 by 10:10 a.m. Tuesday in New York, Bitcoin has surged by approximately 62% since the beginning of 2024, outstripping the performance of global stocks and igniting optimism across the digital asset market.
Remarkably, Bitcoin's revival can be attributed partly to an unexpected ally: the US Securities and Exchange Commission (SEC). Despite a historically antagonistic stance toward crypto, the SEC's approval of spot-Bitcoin exchange-traded funds in early January, following a legal setback last year, has significantly broadened Bitcoin's accessibility to mainstream investors. This move has helped the crypto sector recover from the downturn in 2022 and a series of subsequent setbacks, including the collapse of Sam Bankman-Fried's FTX exchange.
A substantial influx of capital has flooded into ETFs issued by major investment players like BlackRock Inc. and Fidelity Investments, with net inflows exceeding $7 billion in less than two months. This surge in demand coincides with an impending reduction in Bitcoin's supply growth, known as the halving, further fueling bullish sentiment.
Stefan von Haenisch, head of trading at OSL SG Pte, remarked, "Breaking all-time highs, coupled with the current momentum in spot ETFs and the impending halving narrative, is likely to trigger genuine FOMO among observers currently on the sidelines."
Bitcoin's resurgence, which began in early 2023, has propelled the total market value of digital assets to around $2.6 trillion, marking a dramatic turnaround from the industry's nadir in November 2022.
The first BULLISH reversal signal has flashed on the SUPER TREND INDICATOR (1w TF) for #BTC . The indicator changes color, based on whether or not you should be buying. If the indicator moves below the closing price, it turns green, and signals an entry point to buy.
#bullMarket
#bullMarket
next bull market will be most hated.. bcoz if btc pump continue people will be sideline ....
#Binance
#crypto2023
#BNB
#bullMarket
#bearorbull
#Binance
#crypto2023
#BNB
#bullMarket
#bearorbull
During 2019's Echo Bubble, $BTC rallied all the way up to the .618 Fibonacci Retracement level.
If #BTC were to repeat that in 2023, we'd see it move all the way up to $48-50K.
Just a statistical analysis not a prediction because anything is possible .
#bullMarket
If #BTC were to repeat that in 2023, we'd see it move all the way up to $48-50K.
Just a statistical analysis not a prediction because anything is possible .
#bullMarket
JUST IN: According to DeFillama data, Tether #USDT market dominance has reached its peak since November 2021.
#bullMarket
#bullMarket
Is the Bitcoin bear market over?
Investor sentiment is improving. According to the Fear and Greed Index, a crypto-specific metric that measures sentiment using five weighted sources, investors’ feelings about the market hit a monthly high.
#Binance #dyor #crypto2023 #bullMarket
Investor sentiment is improving. According to the Fear and Greed Index, a crypto-specific metric that measures sentiment using five weighted sources, investors’ feelings about the market hit a monthly high.
#Binance #dyor #crypto2023 #bullMarket
Bitcoin has witnessed an inflow of over $73 billion within seven days amid sustained buying pressure.
#crypto2023 #Bitcon #pumped #bullMarket #cryptoonindia
#crypto2023 #Bitcon #pumped #bullMarket #cryptoonindia
2023 is going to be great for everyone and everything is going to be green by god Grace
#bullish #bullMarket #bullRun
#bullish #bullMarket #bullRun
$0.01 Reality or Just A Dream 😍🔥🚀🚀
Is the road to 1 Cent possible for #babydoge after Burn Portal Launch -
your opinion?🤔 #crypto2023 #bullMarket #bullrun
Is the road to 1 Cent possible for #babydoge after Burn Portal Launch -
your opinion?🤔 #crypto2023 #bullMarket #bullrun
