TL;DR
BTC Resilience and Growth: Bitcoin has shown remarkable resilience, recently surpassing $38,500. Analyst KALEO predicts it could reach $45,000 by early December, following a potential brief drop to around $34,000.
$100K Prediction for 2024: Geoff Kendrick from Standard Chartered forecasts Bitcoin could hit $100,000 in 2024, citing factors like Bitcoin’s rising dominance, the April 2024 Bitcoin halving, and the potential launch of the first spot BTC ETF in America.
Bullish Market Indicators: These predictions and the potential positive impact of the Bitcoin halving and an American spot BTC ETF launch indicate a bullish trend for Bitcoin’s future valuation.
BTC Ready for Another Rally?
The leading digital asset once again showed remarkable resilience, clearing most losses recorded during the devastating market crash in 2022. It has recently surpassed $38,500, a level last seen in May last year.
And while 2023 is almost over, some cryptocurrency analysts believe that the asset
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