Bitcoin’s Price Surpasses $31,200, Bull Run Potential
Bitcoin has exceeded expectations by reaching a remarkable milestone of $31,200 in the second half of 2023. Despite the volatility and challenges faced by the crypto market in 2022, Bitcoin has demonstrated its resilience and ability to attract investment.
Financial Giants File for Bitcoin ETFs
- BlackRock, Valkyrie, Fidelity, Bitwise, Invesco, and WisdomTree have all filed for Bitcoin exchange-traded funds (ETFs).
- Speculation among traders suggests there may be more to these filings than meets the eye.
- SEC slammed BlackRock and Fidelity’s filings due to insufficient details about surveillance-sharing agreements.
- BlackRock filed again for a Bitcoin spot ETF while partnering with Coinbase.
- The fate of these filings remains uncertain, as traders closely watch the SEC’s response.
Predictions for Bitcoin’s Future
- Analysts anticipate relatively stagnant price movements in the third and fourth quarters of 2023.
- A surge and bull run are expected toward the end of the year.
- The Bitcoin halving event, scheduled for around the end of April 2024, is eagerly awaited by crypto enthusiasts.
- Crypto analyst Adrian Zdunczyk suggests slow movement in the market before a surge takes place in the last quarter of 2023.
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