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bitcoin price fell 0.5% in the last 24 hours bitcoin“>listed at $43,223 at 4:45 a.m. EST, when trading volume fell 7.6% to $26 billion.
Still, a cryptocurrency analyst who hosts the InvestAnswers channel on YouTube sees btc easily catching up $100,000 in the incoming bull run.
The analyst says the likelihood of bitcoin reaching $45,000 before Christmas is high, and he believes breaking the $50,000 mark is within our reach.
To support his predictions, he conducted a comprehensive analysis based on the average duration from the three previous bitcoin halving events to the point where the leading cryptocurrency reaches new all-time highs.
Taking into account that the next bitcoin halving is scheduled for April 17, the analyst highlights an interesting observation.
He points out that 175 days after this imminent halving, precisely October 8, 2024, marks a potential timeline for the cryptocurrency to reach new all-time highs.
bitcoin Price: Bulls Aim for $50,000 High
bitcoin has broken through the upper boundary of the ascending triangle pattern. The trading price is currently positioned above the 50-day and 200-day simple moving averages (SMA), affirming bullish momentum and establishing immediate support.
The Relative Strength Index (RSI) is also bullish and is currently trading at 75, having recovered from the neutral level of 50.
bitcoin Price: Bullish Investors Target $50,000
Bullish investors can target a high of $50,000 in the coming weeks, reminiscent of the peak seen in March 2022.
However, if the bears were to capitalize on this bullish momentum, they would put downward pressure on the price, causing a pullback towards the $38,500 support level aligned with the lower boundary of the ascending triangle.
Given the expectation of an increase in the value of bitcoin, the BTCETF token will gain significant momentum, offering a compelling alternative where bitcoin's success also translates into success for investors.
BTCETF Token Gets $3 Million: 48 Hours to Raise Price
The BTCETF token, an ERC-20 token created to reward holders based on the success of bitcoin ETF approvals, is attracting substantial attention within the cryptocurrency community.
Embracing the future of crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto with #BTCETF!
As ERC-20 token on ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum, #BitcoinETF anticipate the imminent bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.
Positioned to take advantage of its approval, this visionary project offers a gateway to the evolving crypto world. pic.twitter.com/eiMUbIfXeD
– BTCETF_Token (@BTCETF_Token) November 23, 2023
The BTCETF token has successfully raised $3.05 million in funding and is quickly approaching its $3.4 million milestone. Currently, BTCETF tokens are available at a discounted price of $0.0064. However, this price will increase in just under 48 hours.
bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin soared to $41,448, boosted by #ETF hopes and a $70 million liquidation from short traders.
With #SECOND meetings that promote optimism, $btc is now among the top 10 global assets by market capitalization, just behind #Goal.
Which #Altcoin The profits were the ones that caught your attention the most… pic.twitter.com/Iz8bpAI1vQ
– BTCETF_Token (@BTCETF_Token) December 4, 2023
Get BTCETF, Stake and Earn High APY
In addition to acquiring and holding your BTCETF tokens, you have the opportunity to earn through platform betting feature.
This attractive staking option has caught the interest of many investors seeking passive income, while also anticipating the potential rise in token value following the approval of bitcoin spot ETFs.
Buy and stake BTCETF tokens ensures an impressive annual percentage yield (APY) of 89%.
Cilinix crypto, a YouTuber and cryptocurrency analyst, delves into the potential of the token and says how the anticipation of the approval of bitcoin spot ETFs is generating great excitement and is set to boost the price of BTCETF.
To purchase BTCETF, visit the official site of the bitcoin ETF, connect your Web3 wallet and exchange your eth, USDT or MATIC tokens for BTCETF tokens. Alternatively, you can use your bank card to purchase the tokens directly.
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