Bitcoin

<ul><li>Crypto influencer Rager has projected that Bitcoin could soar as high as 37% by March 2024.</li><li>The influencer believes that the approval for spot BTC ETFs won’t come till February next year.</li><li>The SEC recently postponed its decision on Bitwise’s spot Bitcoin ETF till September 1, 2023.</li></ul>Crypto influencer Rager recently projected a 37% hike in Bitcoin’s price by March 2024. The influencer based his projection on the approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The price hike would come ahead of Bitcoin’s halving in April 2024.Rager took to Twitter earlier today to share his Bitcoin projection:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/71cc7c88e24540bc827f9cbc53f10aca.png" />On August 11, the SEC <a href="https://www.bloomberg.com/news/articles/2023-08-13/more-bitcoin-btc-etf-decisions-are-already-looming-after-sec-passes-on-ruling?utm_campaign&#61;socialflow-organic&amp;utm_content&#61;crypto&amp;utm_medium&#61;social&amp;utm_source&#61;twitter" rel="noopener noreferrer nofollow">announced</a> that it needed additional time to deliver its decision regarding the spot Bitcoin ETP application submitted by Bitwise. The crypto industry was eagerly awaiting the decision on the Bitwise Bitcoin ETP Trust since approval would pave the way for similar applications. However, the securities regulator postponed its decision till September 1, 2023.Decisions for spot Bitcoin ETF applications filed by BlackRock, VanEck, WisdomTree, and Invesco are due on September 2, making it a highly anticipated week for BTC stakeholders. However, Rager told his followers that the SEC would again postpone its decision and put it off till March 2024.According to Rager’s analysis, BTC’s price would witness a pullback once the SEC postpones its decision next month. This would be followed by ranging price action in BTC where its price would bounce between $20,000 and $30,000 over the next seven months. The crypto influencer added that the SEC would start approving spot Bitcoin ETF applications starting March 2024 leading to a significant hike in the flagship cryptocurrency’s price.Read full article at <a href="https://cryptotale.org/crypto-influencer-projects-37-hike-in-btc-price-by-march-2024/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Crypto Influencer Projects 37% Hike In BTC Price By March 2024

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