The post Bitcoin (BTC) Price to Hit New ATH Before April 20th: Here’s Why appeared first on Coinpedia Fintech News
Bitcoin’s (BTC) price is attempting to rally beyond the resistance level of around $71,000 again after a fake breakout earlier this week that saw the instrument rebound to the support level of around $68,000. On-chain data shows that Bitcoin whales have accumulated more coins despite market volatility.
Moreover, more wealth fund managers have been diversifying their portfolios to the digital asset industry, led by Bitcoin and Ethereum.
Bitcoin Demand Unwavering
In the latest update, South Korea’s pro-Bitcoin Democratic Party, which promised to allow investors to invest in spot BTC ETFs locally and overseas, has won the national election. The move follows a push by Hong Kong fund managers to offer regulated spot Bitcoin ETFs.
After dumping into the market after the approval of spot Bitcoin ETFs in the United States, Grayscale’s GBTC recorded the low
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