Bitcoin Price Prediction: Nearing $35K, Whales Sustain Momentum
Bitcoin price prediction remains bullish as BTC is trading at $34,432 with a 0.64 percent increase on Wednesday, the push towards this crucial threshold is buoyed by the substantial influence of crypto whales.
As the world celebrates 15 years of Bitcoin, reflecting on Satoshi Nakamoto’s groundbreaking white paper, the cryptoverse anticipates the potential impact of spot bitcoin ETFs in the US, aiming to amplify demand.
In this decisive moment, Bitcoin’s ability to sustain its momentum above $35,000 remains the focal point for investors and enthusiasts alike.
The outlook for the Bitcoin market is improving, and investor optimism is being fueled by several factors. Although the price of Bitcoin recently approached nearly $34,500, raising hopes for a bull market to soon materialize, various reasons are anticipated to support the long-term upward trend of the cryptocurrency.
Notably, market sentiment has been bolstered by expectations that the Securities & Exchange Commission (SEC) may approve spot Bitcoin exchange-traded funds (ETFs). Furthermore, an additional increase is anticipated due to the possibility of Quantitative Easing and the upcoming Bitcoin halving event.
#BTC
Bitcoin Halving is in April 2024
Next Bull Market peak could occur 518-546 days after the Halving
Bitcoin could peak in mid-September 2025 or mid-October 2025$BTC #Crypto #Bitcoin pic.twitter.com/4Y1F94rsAh
— Rekt Capital (@rektcapital) October 29, 2023
It’s important to understand, though, that while there are often brief spikes in Bitcoin’s value before or after halving events, meaningful gains may not materialize for up to a year afterward. Historical data have shown that previous Bitcoin halving occurrences have resulted in significant price gains in the
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