Bitcoin Price Surge Expected as BlackRocks BTC ETF Filing Creates Buzz

By Lola Coin Jun 26, 202364Views

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Bitcoin (BTC) is experiencing positive market sentiment following BlackRock’s spot BTC ETF filing. Despite a slight correction in the crypto market, BTC has remained above $30,000. Analyst Aksel Kabir predicts a significant price surge for BTC, with a target price of $34,000. Kabir’s analysis is based on the head and shoulders pattern, indicating a bullish sentiment. The anticipation of BTC-based ETF filings by BlackRock, WisdomTree, and Invesco has further fueled investor optimism. Volatility Shares also plans to launch a 2x Bitcoin ETF, adding to the positive outlook. However, the overall crypto market is currently showing conflicting trends, with a decline in global crypto market capitalization and BTC and Ethereum prices. Pro-XRP lawyer John Deaton believes BTC could reach $300,000 if it reaches half the gold market cap, highlighting its attractiveness as an investment.

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