Even at the dizzy heights of around $52,000, bitcoin looks as though it might still have gas in the tank. Is it possible that bitcoin could get to $65,000?
$BTC defies gravity
It really doesn’t seem possible, but $BTC continues to defy gravity. The current run from the last correction bottom is now 34%, or around $13,300. The overall percentage gain for bitcoin’s entire bull market so far is 233%, converting to a $36,300 gain in price.
Since mid-October, there has only been one sizable correction, and that was after the announcement of the approval of the Spot Bitcoin ETFs. With these ETFs now furiously taking $BTC out of the market, there doesn’t seem to be anything in particular to act as a drag on the market.
Not much drag on the market
Yes, Genesis has been cleared to sell $1.3 billion in Grayscale shares, but at this present rate of buying of the other nine Spot Bitcoin ETFs, this entire amount could be compensated for in only two days. That being said, Genesis would hardly
We współpracy z: https://cryptodaily.co.uk/2024/02/bitcoin-btc-preparing-for-last-big-surge-toward-65000
