Bitcoin Spot ETF Delay Can’t Stop $100k Potential
The SEC’s delay in approving a Bitcoin spot ETF may not hinder Bitcoin’s chances of reaching $100k. Alistair Milne believes that SEC approval is unnecessary for Bitcoin to hit this milestone. Other factors such as regulatory changes and the upcoming Bitcoin halving event could have a significant impact on Bitcoin’s price. Positive regulations can boost investor confidence, while the halving event historically leads to bullish trends for Bitcoin. The cryptocurrency has already crossed the $44,000 mark, trading between $37,550.77 and $44,313.57 in the past week.
NEO’s Positive Price Outlook
Neo’s recent update to version 3.6.2 has caused its price to increase by 9.5% in the past week. The update aims to enhance the platform’s stability and has had a positive impact on the Neo crypto. Technical indicators are currently bullish for Neo, with analysts predicting a 3.10% increase in price soon, reaching $12.28.
Pullix (PLX) Prepares for Massive Gains
Pullix is a trading platform that allows users to trade various assets and utilize cryptocurrencies as collateral. The platform’s native token, PLX, offers additional features and encourages active participation and liquidity provision. Pullix plans to launch the platform in January 2024, and analysts predict a 580% increase during the presale and a potential 100x increase upon launch.
Hot Take: Positive Factors Driving Bitcoin and Altcoin Prices
The delay in approving a Bitcoin spot ETF by the SEC may not impact Bitcoin’s potential to reach $100k. Other factors like regulatory changes and the upcoming Bitcoin halving event could boost Bitcoin’s price. NEO’s recent update and positive technical indicators suggest a bright price outlook. Pullix, a trading platform, is expected to experience tremendous gains upon its launch in January 2024. These factors contribute to the positive trajectory of Bitcoin and altcoin prices in the crypto market.
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