Bitcoin Price Prediction as BTC Surges to 18-Month High – Is $48,000 the Next Stop?
Bitcoin (BTC), the world’s foremost cryptocurrency, has experienced a significant surge, breaching the $44,000 threshold while maintaining a strong position above $43,000. This impressive rally is largely driven by substantial buying from both individual and institutional investors, which has resulted in a marked increase in open interest (OI).
BTC back above $44k pic.twitter.com/qFLBQfCwo0
— NFTstats.eth (@punk9059) December 6, 2023
Market experts and traders are now eyeing the $45,000 mark, with potential momentum pushing towards an ambitious $50,000. The current market sentiment heavily favors Bitcoin, contributing to an extraordinary 20% increase this week, propelling it past the $40,000 barrier and reaching a new milestone of $44,000.
#BTC
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