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Bitcoin (BTC) bulls continued to dominate on Monday, with the world's largest cryptocurrency by market value soaring over 15% last week and consolidating above the $34500 level.Optimism about the upcoming approval of spot Bitcoin Exchange Traded Funds (ETFs) in the United States, as well as increasing risk aversion as Bitcoin outperforms the declining stock and bond markets, have supported Bitcoin prices ahead of the week

At present, prices are rising compared to BTC, as investors are betting that the first batch of US ETFs directly invested in BTC will be approved. The question now is whether once these products are actually approved, it will trigger some profit taking behavior among investors

This analysis suggests that as BTC prices drop to the weekly and monthly candle closing prices, Bitcoin has "ample momentum" to reach $40000.Bitcoin range faces weekly and monthly closingAccording to TradedView data, Bitcoin/USD has remained stable, maintaining the weekly gains

On October 20th, the price of Bitcoin (BTC) rebounded to $30000, eliminating the massive liquidation losses caused by Cointelgraph's erroneous news report on Monday.On chain analysis outlines the factors that may drive BTC towards the $40000 milestone

Bitcoin hit a five day high on May 15th and continued to rebound after Wall Street opened.Join us, official account: Chen is bad, not bad$40000 remains attractive for BTC pricesAccording to data from CointelegraphMarketsPro and TradeView, the BTC/USD on Bitstamp reached $27666

The bullish BTC price forecast for 2023 is $28474.72 to $34259