The rising spot Bitcoin ETF speculation coupled with other factors including the dovish U.S. Federal Reserve triggered an over 22% rally in Bitcoin price in a month. Popular analysts pointed out spot bids from the key support level at $43,000 retail investors take buy-the-dip opportunity after an institutional investors-led rally. Will BTC price hit $50,000 next week?
Can Bitcoin Price Hit $50,000 Despite Pullback?
Popular analyst CredibleCrypto in a latest post on X revealed that 30 million in spot bids have popped up from near support levels. He earlier predicted that Bitcoin could sweep below local BTC lows.
However, the rising bids from below suggest massive bullish sentiment. He believes BTC price can even hit $50,000 next week if spot BTC buying continues.
Source. CredibleCrypto
Another popular analyst Skew said “bids sold into and filled it seems” on Binance Spot. Despite open interests wiped on Binance and Bybit, bids chase the price higher. Traders must look for confirmati
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