Bitcoin ETF

Bitcoin

Optimism

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-soars-past-48000-benchmark-as-market-optimism-grows">Bitcoin Soars Past $48,000 Benchmark as Market Optimism Grows</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-2024-price-predictions-a-kaleidoscope-of-expert-forecasts">Bitcoin</a>‘s recent surge beyond the significant $48,000 mark has invigorated the cryptocurrency community as experts predict further upswings. This breakthrough is seen as a transition into a ‘Boom’ phase by some analysts, who project potential price hikes that could see Bitcoin’s value skyrocketing past $130,000 by 2024. The cryptocurrency’s ascent to this peak value, a first since December 2021, has fueled positive market sentiment.</p> 
<h2 id="expert-predictions-on-bitcoin-s-trajectory">Expert Predictions on Bitcoin’s Trajectory</h2> 
<p style="text-align: justify">Crypto analyst Trader Tardigrade’s chart analysis suggests this momentum shift could lead Bitcoin into a strong growth phase, with ambitious targets set for the coming years. Meanwhile, notable analyst Ali Martinez supports the robust outlook for Bitcoin, acknowledging the possibility of short-term corrections but pointing to a significant resistance level near $57,000.</p> 
<p style="text-align: justify">Martinez’s analysis draws on Bitcoin’s Unspent Transaction Output (UTXO) data, suggesting a formidable hurdle for the digital currency lies ahead at the $56,973.12 price point. This technical assessment aligns with the broader expectation of a bullish trend for Bitcoin.</p> 
<h2 id="recent-bitcoin-market-movements">Recent Bitcoin Market Movements</h2> 
<p style="text-align: justify">Despite a slight dip below $48,000, representing a 1% decrease, Bitcoin’s overall weekly performance remains positive with an 11.83% gain. Further reinforcing this upward trend is an 11.31% increase witnessed over the past 30 days according to recent price data.</p> 
<p style="text-align: justify">In the backdrop of these developments, Hunter Horsley, CEO of Bitwise Invest, highlights upcoming market events like the spot Bitcoin ETF approval and the impending Bitcoin halving. Horsley predicts these factors will play a crucial role in establishing Bitcoin’s value in the capital markets by 2024.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-soars-past-48000-benchmark-as-market-optimism-grows">Bitcoin Soars Past $48,000 Benchmark as Market Optimism Grows</a></h5>

Bitcoin Soars Past $48,000 Benchmark as Market Optimism Grows

Table of Contents

BH NEWS

Other articles published on Feb 12, 2024

SEC Under Fire: Ripple Executives Challenge Gary Gensler’s Leadership & Credibility

Why is FTX Selling This Company 20 Times Below Purchase Price?

Google One Surpasses 100 Million Subscribers, Launches AI Premium Plan

Ethereum Staking Participation Rate Soars 25% as ETH Surges

Bitcoin (BTC) Just Entered "New Era," Top Analyst Says

Introducing the ERC-404 Token Standard: Merging ERC-20 and ERC-721 Features

Join our free newsletter for daily crypto updates!