Bitcoin

Optimism

mirror

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-reaches-near-all-time-highs" data-wpel-link="internal">Bitcoin Reaches Near All-Time Highs</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/expert-bitcoin-analyst-eyes-major-resistance-milestone" data-wpel-link="internal">Bitcoin</a>‘s price surged above $69,000 on May 23, following a brief dip in the preceding days. Optimism flooded the market as U.S. regulators seemed poised to approve Ethereum ETF products, marking a significant shift from recent weeks.</p> 
<h2 id="why-investors-are-focusing-on-bitcoin">Why Investors Are Focusing on Bitcoin?</h2> 
<p style="text-align: justify">The BTC/USD pair is drawing investor attention with targets set at $80,000, promising new bullish trajectories for both Bitcoin and other altcoins. Michael van de Poppe, founder and CEO of MNTrading, noted the currency’s clear price action and expects a test around $67,500-$68,000 before further advances.</p> 
<p style="text-align: justify">Popular analyst BitQuant has maintained a bullish outlook, predicting that Bitcoin will hit $80,000 in May and possibly reach $95,000 by June, albeit expecting a sharp correction shortly after.</p> 
<p style="text-align: justify">BitQuant also forecasted new all-time highs for Bitcoin before the block subsidy halving, with a global peak anticipated in the third quarter of this year.</p> 
<h2 id="what-s-the-outlook-for-ethereum">What’s the Outlook for Ethereum?</h2> 
<p style="text-align: justify">On the Ethereum front, financial firm QCP Capital projects a 60% bullish potential contingent on ETF approval. They shared with their Telegram subscribers that such approval could come as soon as next week, with a target price of around $6,000 based on Bitcoin’s historical ETF performance.</p> 
<p style="text-align: justify">Prominent trader Jelle echoed this sentiment, suggesting that the market is already anticipating the positive outcome of the Ethereum ETF decision slated for the same afternoon.</p> 
<h2 id="key-investor-takeaways">Key Investor Takeaways</h2> 
<p style="text-align: justify"> • Bitcoin’s price could test $67,500-$68,000 before continuing its upward trend.<br> • Investors are targeting $80,000 in May and a possible high of $95,000 in June for Bitcoin.<br> • Ethereum has a bullish potential of 60% if the ETF is approved, targeting a price of $6,000.<br> • Ethereum’s performance could mirror Bitcoin’s post-ETF launch behavior. </p> 
<p style="text-align: justify">With both Bitcoin and Ethereum showing promising trajectories, <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> are keenly watching regulatory developments and market trends to strategize their next moves.</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-reaches-near-all-time-highs" data-wpel-link="internal">Bitcoin Reaches Near All-Time Highs</a></h5>

Bitcoin Reaches Near All-Time Highs

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