United

Bitcoin ETF

Bitcoin

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>Global central banks have tightened their monetary policies partly due to speculative activities in the cryptocurrency market in an effort to combat high inflation.</li>
 <li>The challenges Bitcoin faced in reaching the $40,000 level have been notable, despite the annual decline in supply on centralized exchanges.</li>
 <li>At the same time, an analyst predicts that during Bitcoin’s short-term price correction, smaller and lower market cap altcoins could see significant gains.</li>
</ul>
<p><strong>Bitcoin price could experience a decline to around $32,000 after a consolidation period: Bitcoin price chart analysis!</strong></p>
<h2 id="strong-bitcoin-price-could-drop-to-32-000-strong"><strong>Bitcoin Price Could Drop to $32,000</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126549" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Global central banks have tightened their monetary policies partly due to speculative activities in the cryptocurrency market in an effort to combat high inflation. Despite regulatory interventions, investors continue to heavily invest in Bitcoin (BTC) and altcoins, which have outperformed traditional stock indices and risk-free treasury bonds in recent years.</p>
<p>The challenges Bitcoin faced in reaching the $40,000 level have been notable, despite the annual decline in supply on centralized exchanges. Industry analysts have observed that major fund managers like BlackRock are now indirectly purchasing Bitcoin through investments in mining companies. Additionally, the Bitcoin hash rate has significantly increased, quadrupling since the 2021 cryptocurrency bull run.</p>
<p>A well-known crypto analyst predicts that Bitcoin’s price will consolidate between $33,000 and $38,000 and then rapidly drop to $32,000, suggesting that this level will likely attract new buyers and signal the beginning of a bullish period. Simultaneously, the analyst anticipates that smaller and lower market cap altcoins could experience significant gains during Bitcoin’s short-term price correction.</p>
<figure id="attachment_131937" aria-describedby="caption-attachment-131937" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class=" td-modal-image wp-image-131937 size-full" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=696%2C353&amp;quality=70&amp;ssl=1" alt="BTC-USD-Price-Prediction" width="696" height="353" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?w=1468&amp;quality=70&amp;ssl=1 1468w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=300%2C152&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=1024%2C519&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=768%2C389&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=150%2C76&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=696%2C353&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?resize=1068%2C541&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/BTC-USD-Price-Prediction.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-131937" class="wp-caption-text">
  Bitcoin Price Prediction
 </figcaption>
</figure>
<h2 id="strong-broader-market-trends-and-regulatory-landscape-strong"><strong>Broader Market Trends and Regulatory Landscape</strong></h2>
<p>Efforts to ensure compliance with securities laws for traditional cryptocurrency companies in the United States are ongoing. Industry experts believe that the U.S. Securities and Exchange Commission (SEC) will likely approve the first spot Bitcoin ETF by January 10, 2024. Meanwhile, the Bitcoin market has seen a significant increase in open interest in options and futures, indicating growing demand from institutional investors.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bitcoin-price-could-drop-to-32000-after-consolidation-period/">Bitcoin Price Could Drop to $32,000 After Consolidation Period!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Bitcoin Price Could Drop to $32,000 After Consolidation Period!

目錄

CO NEWS

在 2023年11月30日發表的其他文章

Court Greenlights $873 Million Trust Asset Sale for FTX Creditor Repayment

128 crypto exchanges have applied for licenses in South Africa- FSCA

Twin DEXs Velodrome and Aerodrome Suffer Front-End Security Breach

November 2023: A Record Month for Crypto Losses Due to Hacks and Scams

Status Quo At Binance: New CEO Affirms No Changes To Top Executives

Analyst backs Cardano amid ongoing bullish momentum for Bitcoin and Everlodge

訂閱免費電子報，每天收取加密貨幣最新動態！