Bitcoin (BTC) prices have overcome all difficulties and remained within a positive trading range over the weekend, with many predicting a widespread market adjustment. The price of the first coin is 35121
Bitcoin (BTC) prices have overcome all difficulties and remained within a positive trading range over the weekend, with many predicting a widespread market adjustment. The price of the first coin is 35121.91 US dollars, which has increased by 1.28% in the past 24 hours.
Although it can be seen from the chart that there are significant fluctuations in the price of Bitcoin, the sustained buying momentum marked by a 16% increase in transaction volume puts cryptocurrency in a favorable position to maintain its current level and may follow new price points.
Bitcoin (BTC) prices show bullish impulses
According to top market analyst CrediBULLCrypto, Bitcoin (BTC) prices refuse to fall to the local expiration point of $34600. This analyst pointed out that market bulls helped maintain the middle range, driving consolidation, and then pushed forward based on predefined guidelines shared by analysts in early analysis.
With Bitcoin showing positive momentum in the short term, CrediBullCrypto expressed his optimism that the asset may continue to change until reaching an important psychological level of $40000. If this happens, analysts believe that the new journey towards a new historical high (ATH) may not be far away.
Analysts have been very optimistic about the price trajectory of Bitcoin (BTC) prices. He believes that users who expect prices to fall below $30000 may eventually be left behind. Based on the chart he shared as shown above, he marked the new local failure level as a price level of $34737.36.
If Bitcoin reaches this level, it is likely to become a springboard for more ambitious operations.
The Main Fundamentals of Bitcoin Worth Attention
Bitcoin is generally experiencing many things, especially as it is related to the desire for BTC spot ETF products. As more and more people anticipate that the product will soon receive approval from the US Securities and Exchange Commission to attract the next wave of institutional investors, most buyers may be preparing their investment portfolios to take the train.
Considering the presence of large companies such as BlackRock, the certainty of obtaining approval this time is high. One thing that is currently unclear is that the potential timeline for this approval will be guaranteed.
Although most industry experts are predicting next year, Galaxy Digital CEO Mike Novogratz is optimistic about obtaining approval before the end of this year.
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