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<a href="https://bitcoinworld.co.in/bitcoin-soared-beyond-39k-is-bitcoin-poised-for-another-bull-run/" title="Bitcoin Soared Beyond $39K, Is Bitcoin Poised For Another Bull Run?" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Bitcoin, the biggest digital asset, has hit $39K per coin.&nbsp;</li>
 <li style="font-weight: 400">Could Bitcoin be only up from here?</li>
</ul>
The price of Bitcoin hit a new high since April 2022, crossing $39k on Saturday afternoon amid anticipation of ETF approvals and global market influences.
This surge reflects growing excitement for potential Bitcoin exchange-traded products. Bitcoin’s value increased by about 1.5%, briefly touching $39,662 with a highly volatile price action before settling around $39,400 at press time.&nbsp;
<figure id="attachment_56836" aria-describedby="caption-attachment-56836" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-56836" src="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-2-483x300.png" alt="" width="567" height="352" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-2-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-2.png 760w" sizes="(max-width: 567px) 100vw, 567px">
 <figcaption id="caption-attachment-56836" class="wp-caption-text">
 BTC Price Chart | Source: <a href="https://coinstats.app/coins/bitcoin/" rel="noopener noreferrer nofollow">Coinstats</a>
 </figcaption>
</figure>
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The move represents yet another higher high, another 2023 high, and has triggered several technical signals. More importantly, with BTCUSD now within striking distance of $40K, things are starting to get a lot more interesting for the cryptocurrency market.
The excitement around a Bitcoin ETF approval could be the cause of the most significant crypto fund inflows in two years, as reported by Bitcoinworld.
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Other possible factors boosting Bitcoin’s value may include Binance’s record settlement and the election of Argentinian President Javier Milei, which led to a sharp increase in Bitcoin’s price in Argentina.
With the latest resistance taken, what’s next for the top cryptocurrency by market cap? Will Bitcoin soar above $40K? Will Bitcoin find its way back around $50K or possibly even all-time highs before the end of the month?
The post <a href="https://bitcoinworld.co.in/bitcoin-soared-beyond-39k-is-bitcoin-poised-for-another-bull-run/" rel="noopener noreferrer nofollow">Bitcoin Soared Beyond $39K, Is Bitcoin Poised For Another Bull Run?</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Bitcoin Soared Beyond $39K, Is Bitcoin Poised For Another Bull Run?

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