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<a href="http://tradingview.com/symbols/BTCUSD/">Bitcoin (BTC)</a>, the leading cryptocurrency, has once again surged past the $38,100 threshold, reflecting renewed market confidence amid global economic shifts. This rally may be partially attributed to the Federal Reserve’s Waller’s optimistic statements, which have injected a fresh wave of enthusiasm into the cryptocurrency market. 
Simultaneously, leadership changes at Binance are being closely observed by investors, gauging their potential impact on the market’s trajectory. 
<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 38k Resistance is Weakening, and I'm anticipating the Ascending Triangle upside Breakout Soon. 
If the Breakout is Successful, Bitcoin could potentially touch 41k in December.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> <a href="https://t.co/yFvYqP1uht">pic.twitter.com/yFvYqP1uht</a> 
— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1729700954289668540?ref_src=twsrc%5Etfw">November 29, 2023</a> 
Furthermore, Standard Chartered’s ambitious forecast, envisioning Bitcoin’s climb to $100,000 by late 2024, is bolstering investor sentiment. This projection comes at a time when central bank policies are increasingly influential on digital asset values. 
JUST IN: <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> on track to hit $100,000 in 2024, says global bank Standard Chartered <a href="https://t.co/IjHJUELVyi">pic.twitter.com/IjHJUELVyi</a> 
— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1729825844577644719?ref_src=twsrc%5Etfw">November 29, 2023</a> 
Adding to this bullish momentum is the significant inflow of institutional investments into cryptocurrencies, particularly Bitcoin, highlighting a growing trust in BTC’s market stability and potential for long-term growth. 
<h2 id="spot-bitcoin-etfs-and-sec-delay-boosting-btc-price-and-investor-morale">Spot Bitcoin ETFs and SEC Delay: Boosting BTC Price and Investor Morale</h2> 
 It’s noteworthy that the Securities and Exchange Commission (SEC) recently postponed decisions on two Spot Bitcoin Exchange-Traded Funds (ETFs) by <a href="https://www.sec.gov/files/rules/sro/nysearca/2023/34-98947.pdf">Templeton and Hashdex</a>. The SEC has expressed concerns about potential fraud and manipulation, prompting a call for public input on surveillance agreements. 
Surprisingly, Bitcoin surged above $38,000 despite this delay, indicating strong investor confidence in the likelihood of imminent approval. Institutional money is steadily flowing into the market, as evidenced by the largest weekly inflow since late 2021. 
JUST IN: SEC delays $1.5 trillion asset manager Franklin Templeton's spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>    ETF application. <a href="https://t.co/FlSaGqvm7p">pic.twitter.com/FlSaGqvm7p</a> 
— drager (@Drager4434) <a href="https://twitter.com/Drager4434/status/1729614702899052834?ref_src=twsrc%5Etfw">November 28, 2023</a> 
Despite the SEC’s delay in approving Spot Bitcoin ETFs, Bitcoin’s price surged above $38,000, indicating strong investor confidence. The market’s resilience suggests optimism for imminent approval and potential positive developments in early January 2024. 
<h2 id="btc-price-reacts-to-weakening-us-dollar-and-federal-reserve-shifts">BTC Price Reacts to Weakening US Dollar and Federal Reserve Shifts</h2> 
 Another factor contributing to the support of the BTC price has been the weakening US dollar. Despite efforts to reverse its downward trend, the broad-based US dollar continues to hover at its lowest point in over three months. This trend is attributed to growing anticipation of multiple interest rate cuts by the Federal Reserve in 2024, which enhances the attractiveness of BTC. 
Fed Governor Christopher Waller has hinted at the possibility of future rate cuts if inflation shows signs of easing in the coming months. He has expressed confidence in the current policy framework, which aims to stabilize the economy and achieve the <a href="https://go.skimresources.com/?id=100652X1574425&amp;isjs=1&amp;jv=15.4.2-stackpath&amp;sref=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2023%2F11%2F27%2Ffed-likely-to-be-most-dovish-central-bank-in-2024-research-shows%2F&amp;url=https%3A%2F%2Fthink.ing.com%2Farticles%2Fg10-fx-outlook-2024-the-dollars-long-goodbye%2F&amp;xs=1&amp;xtz=-300&amp;xuuid=2ace19244de8ed351e372d9ea2e0f039&amp;abp=1&amp;xjsf=other_click__auxclick%20%5B1%5D">2% inflation target</a>. 
However, Fed Governor Michelle Bowman presents a contrasting perspective, emphasizing the potential necessity for additional rate hikes to address persistent inflation. 
This week, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> has reclaimed the $38k mark yesterday following optimistic remarks from Fed Governor Christopher Waller. Among this week's most searched tickers were <a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LUNC</a> &amp; <a href="https://twitter.com/search?q=%24USTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USTC</a>, driven by rumors of a strategic acquisition by Terra and the potential airdrop of WeMintCash. <a href="https://t.co/HZTw7JSbs6">pic.twitter.com/HZTw7JSbs6</a> 
— KuCoin Futures (@KuCoinFutures) <a href="https://twitter.com/KuCoinFutures/status/1729800395759690018?ref_src=twsrc%5Etfw">November 29, 2023</a> 
Consequently, news of potential interest rate cuts by the Federal Reserve in 2024, combined with contrasting views from Fed Governors, has created uncertainty. This uncertainty could significantly impact the BTC price by influencing investor perceptions and decisions in response to the evolving economic conditions and central bank policies. 
<h2 id="bitcoin-price-prediction">Bitcoin Price Prediction</h2> 
<a href="https://cryptonews.com/news/bitcoin-price-prediction-as-new-coinshares-report-says-btc-could-hit-140000-if-this-one-thing-happens-heres-what-you-need-to-know.htm">Bitcoin</a> demonstrates a subtle uptick to $37,796 within a 4-hour bullish channel, suggesting a positive sentiment. The pivot point stands at $37,975 with subsequent resistances at $38,610, $39,250, and $39,800.&nbsp;Support forms at $36,935, with further cushions at $36,375 and $35,740. Bitcoin Price Chart – Source: Tradingview 
The RSI at 58 hints at a mild bullish bias, not yet overbought. An ascending triangle pattern indicates potential for an upward breakout. Overall, the trend is bullish, with expectations that Bitcoin may soon test the resistance at $38,610. 
<h2 id="top-15-cryptocurrencies-to-watch-in-2023">Top 15 Cryptocurrencies to Watch in 2023</h2> 
 Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023. Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments. 
Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed. <a style="text-decoration: none;color: white" href="https://cryptonews.com/news/new-cryptocurrency.htm" target="_blank" rel="nofollow noindex noopener" data-darkreader-inline-color="">See the 15 Cryptocurrencies</a> 
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

Bitcoin Price Prediction as It Breaks $38,000 Again – Will $40,000 Be the Next Milestone?

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Ďalšie články zverejnené 30. 11. 2023

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