After going back to the drawing board following post-spot Bitcoin ETF approval, investors seem to have weathered the sell-off and are now willing to bet on further price increases. With Bitcoin price rebounding above $40,000 from the dip to $38,540, attention is also spreading to the trending crypto to buy on Wednesday — the likes of Shiba Inu (INU) and Avalanche (AVAX).
The next few days would be very essential for the crypto market. Further price increases would mean that the bearish cloud that hovered across the market the last two weeks is clearing. This is an assurance to investors that the downtrend is over and likely to follow another breakout.
BTC price prediction today
The largest cryptocurrency is up by a modest 3.2% on Wednesday to $40,160. The positive outlook, seemingly overdue, follows a massive trend correction that saw Bitcoin price tumble from its 2024 peak at $49,000 to $38,540.
For many investors, the pullback came as an unwanted surprise. Instead of a rally
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