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What is the future of BTC? Professional netizens make predictions.1

Coin Circle to Dark MomentAs is well known, 2022 is a highly challenging year for the cryptocurrency market. The prices of mainstream digital assets such as Bitcoin and Ethereum have experienced a drop of over 70%, reminiscent of a devastating disaster

Bitcoin (BTC) bulls have put tremendous pressure on Bitcoin over the past week, with Bitcoin prices struggling between $27000 and $28500 due to the significant increase in Bitcoin prices over the past few days, with strong price trends reaching a high of $28500 before being rejected. $27000

October brought new hope to the cryptocurrency market, with Bitcoin prices rising strongly, soaring to $28600 on Tuesday before slightly falling back. This rise highlights several consecutive weeks of optimism, bringing new prospects to the cryptocurrency market after the downturn and volatility in the third quarter

On October 6th, Charles Edwards, founder of Capriole Fund, observed a wave of long-term Bitcoin holders increasing their holdings.He pointed out that the recent strong growth in the number of long-term Bitcoin holders is only comparable to 2016

If Bitcoin successfully breaks through the barrier of $28096, the price of Bitcoin may rise by 5% to reach $29000.Ethereum prices are facing resistance of $1674, waiting for a buy signal to trigger

The rapidly soaring SPX index in the first half of 2023 seems to have outperformed Bitcoin prices.The end of the upward trend in the US dollar index (DXY) may indicate a sustained rise in traditional markets and cryptocurrencies

The emergence of institutions in the field of encryption has made market participants aware ofBTCMaintain an optimistic attitude towards prices and the future growth of the entire market.Considering these factors, industry experts believe that the price of BTC may experience a bull market in the next 18 months

Investment research firm ByteTree has raised the price outlook of Bitcoin from "neutral" to "bullish" as cryptocurrencies benefit from being a "safe haven" in stock and bond sales.Bitcoin plummeted to $27300 as its rebound above $28000 proved short-lived

Last week's market was quite good, with Bitcoin rebounding by over 6 points, while other counterfeit currencies rebounded more.This has caused many retail investors to become restless and start shouting 'bulls'

Due to an increase in open positions, Bitcoin surged above $27000, indicating a bearish outlook.The monthly candle closing shadow may affect the future price direction of Bitcoin, with a potential increase of 8%

How helpful is GBTC compared to the Bitcoin bull market?September 2023-1914:10:09If you already own the Grayscale Bitcoin Trust GBTC, do you still need a spot Bitcoin ETF?The answer is certainly yes, as the actual ETF is a more liquid product than GBTC. And GBTC is trying to convert this product into a true ETFThe current form of GBTC has some commonalities with potential ETFs