Bitcoin was up by more than 3% in the last seven days.
If BTC starts a bull rally, it might face resistance near the $45,000 mark.
As Bitcoin’s [BTC] price iced near the $44,000 mark, investors’ expectations of the king coin rose. In fact, if the latest data is to be believed, BTC might touch a new high in 2024.
Considering the hype around Bitcoin ETFs, the possibility of BTC reaching new highs seems likely.
2024 might be a year worth remembering
Bitcoin’s price action remained bullish last week, as it was just about to cross the $44,000 mark. According to CoinMarketCap, BTC was up by over 3% last week.
At press time, the king of cryptos was trading at $43,912.86 with a market capitalization of over $860 billion.
While BTC’s price steadily increased, Bitcoin News recently posted a tweet suggesting that the coin’s price might skyrocket.
Notably, an analyst who created the Stock-to-Flow (S2F) model predicted that Bitcoin might surpass $100,000 in 2024 before reaching a
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