United

Bitcoin

LONG

Spot

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bitcoin-price-might-really-to-150k-350k-amidst-bitcoin-halving-and-spot-etf-approval/">Bitcoin Price Might Really to $150K-$350K Amidst Bitcoin Halving and Spot ETF Approval</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>In the ever-volatile world of cryptocurrency, Seth Fin, a prominent figure, is brimming with enthusiasm over Bitcoin’s recent sudden surge of 10%. However, what truly captivates his attention is the prospect of Bitcoin skyrocketing to a range between $150,000 and $350,000, with the support of major institutions.</p>
<p>In a recent Twitter post, Seth Fin delved into the meteoric 10% rise in Bitcoin’s value in a single day, attributing this remarkable ascent to the evolving landscape of the cryptocurrency realm in October 2023.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Just witnessed <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> pump 10% in a day! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> But here's the secret sauce: after the halving, it's gonna get even MORE ridiculous! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f315.png" alt="🌕" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> 10% days will come more frequently! Also 20% dumps! <br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Monthly RSI still low, folks! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't just chase daily gains, think LONG TERM!… <a href="https://t.co/aVdxZdlOQD" rel="noopener noreferrer nofollow">pic.twitter.com/aVdxZdlOQD</a></p>— Seth (@seth_fin) <a href="https://twitter.com/seth_fin/status/1716946880951713810?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 24, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Several key developments have played a significant role in Bitcoin’s surge. Notably, the United States Securities and Exchange Commission (SEC) faced a series of courtroom losses, injecting uncertainty into the regulatory outlook. Furthermore, a false report, erroneously declaring the approval of BlackRock’s Spot Bitcoin Exchange-Traded Fund (ETF), triggered a frenzy of Bitcoin purchases, causing prices to soar by $3,000 in a mere 30 minutes.</p>
<p>Yet, what has captured the imagination of many is the upcoming Bitcoin halving. Seth Fin envisions the post-halving era as a stage where Bitcoin could experience frequent, astounding surges coupled with occasional 20% dips. His depiction includes Bitcoin transcending its current boundaries, ultimately reaching what he terms the “upper channel,” with price projections ranging from $150,000 to $350,000.</p>
<p>But what stirs Seth’s excitement even more is the potential approval of the Spot Bitcoin ETF. This approval would be a game-changer for the cryptocurrency world. In his post, Seth hints at major players like BlackRock, Fidelity, and prominent banks, along with pension funds, potentially preparing to allocate more than $10 billion into the cryptocurrency market. Moreover, he suggests that entire countries might soon dive into the crypto sphere.</p>
<p>This expanding participation in digital assets could indeed transform the landscape, and the recent October 2023 surge in Bitcoin’s price might just be the beginning of a remarkable journey.</p>

Bitcoin Price Might Really to $150K-$350K Amidst Bitcoin Halving and Spot ETF Approval

CoinPedia News

Other articles published on Oct 25, 2023

NFTX (NFTX) Price Prediction 2024, 2025, 2030, 2040, and 2050

Ethereum Price Prediction – Will It Hit $2,000 Soon?

Spot Trading – How Does It Work And Is It Profitable?

XRP Lawsuit: Judge Torres Terminates Ripple Vs SEC Hearings, Orders New Deadline

Infamous Hacker Denis Katana Linked to Bitcoin Money Laundering for Russian Crime Ring

Impact of FCA’s new crypto rules: market shifts and high-profile exits

Join our free newsletter for daily crypto updates!