Bitcoin Price Prediction as It Breaks $38,000 Again – Will $40,000 Be the Next Milestone?
Bitcoin (BTC), 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.
$BTC 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.#Crypto #Bitcoin #BTC pic.twitter.com/yFvYqP1uht
— Captain Faibik (@CryptoFaibik) November 29, 2023
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: #Bitcoin on track to hit $100,000 in 2024, says global bank Standard Chartered pic.twitter.com/IjHJUELVyi
— Bitcoin Archive (@BTC_Archive) November 29, 2023
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.
It’s noteworthy that the Securities and Exchange Commission (SEC) recently postponed decisions on two Spot Bitcoin Exchange-Traded Funds (ETFs) by Templeton and Hashdex. 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
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