Spot Bitcoin ETF Approval Could Incite Climb to $45,000

The prevalence of the industry’s most prominent digital asset has been undeniable throughout the year. Yet, with investors swarming amidst talks of potential exchange-traded fund approval for this year, could #Bitcoin (BTC) actually reach $45,000 by the start of 2024?

Bitcoin has always remained in a class of its own as far as digital assets are concerned. Indeed, crypto stands alone in terms of its overall mainstream appeal and recognition from those outside of the industry. Yet, it may be headed for a different stratosphere amid overall market changes this year.

Indeed, #Bitcoin $BTC could be on its way to $45,000 by the start of 2024. The bullish prediction is connected to the widely held belief that Spot Bitcoin #ETF approval is on the horizon. Specifically, experts like Mike Novogratz, Coinbase, and JP Morgan have stated their expectations for approval before the year ends.

Therefore, the arrival of a Spot Bitcoin #ETF could be crucial in driving the price well above its $30,000 target amid the false report. In a TradingView Analysis chart, there appear to be key indicators across the EMA 34 and EMA 89. Indeed, these denote an upward trajectory for the asset, which gives a positive perspective on its impending performance. Yet, the EMA 89 shows some short-term fluctuation, and resistance could exist despite its momentum.