Bitcoin Price Prediction as BTC Reaches ETF Highs of January – $50,000 Possible This Week?
On Saturday, Bitcoin‘s price ascends, nudging the $47,450 mark with an impressive 3.25% uptick. This momentum heralds the most significant weekly surge Bitcoin has experienced in a quartet of months, aligning with a substantial climb past the $46,000 milestone.
Concurrently, Bitcoin ETFs are riding this wave of exuberance, recording their third most substantial single-day inflow, amidst speculation of reaching the elusive $50,000 threshold.
As the digital currency landscape is abuzz, the NBA faces legal turbulence over its promotion of Voyager Digital, adding yet another layer of intrigue to the Bitcoin price prediction narrative.
With less money leaving ETFs and expectations for April’s halving event, bitcoin jumped 5% to one-month highs of $47,453. With mood elevated by the approval of the first spot Bitcoin ETFs in the US, the price of bitcoin increased.
Pre-halving purchasing and decreasing ETF outflows are credited by analysts for the surge. Anticipated in April, the halving seeks to restrict the quantity of Bitcoin, which has historically resulted in price spikes after the event.
Bitcoin surges in biggest weekly rally in four months https://t.co/AUkUyLlOuO pic.twitter.com/0TiiuMBVuK
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