Can Bitcoin Push Past $32K This Year? Crypto Analyst Says 'We Can Break It' On 'Best Fundamental News'
Portfolio Pulse from Mehab Qureshi
Crypto analyst DonAlt believes that Bitcoin could break past the $32,000 resistance level, thanks to BlackRock's filing for a spot Bitcoin ETF. He is confident that the news ensures more upside potential than downside for Bitcoin.
June 23, 2023 | 10:48 am
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BlackRock's filing for a spot Bitcoin ETF could be the catalyst for Bitcoin to break past the $32,000 resistance level, according to crypto analyst DonAlt.
BlackRock's ETF filing is seen as a major catalyst for Bitcoin's price movement. As one of the world's largest asset managers, BlackRock's involvement in the crypto space could attract more institutional investors and drive up the demand for Bitcoin, thus pushing its price past the $32,000 resistance level.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Crypto analyst DonAlt predicts that Bitcoin could break past the $32,000 resistance level, thanks to BlackRock's filing for a spot Bitcoin ETF.
The news of BlackRock's ETF filing is seen as a major catalyst for Bitcoin's price movement. As one of the world's largest asset managers, BlackRock's involvement in the crypto space could attract more institutional investors and drive up the demand for Bitcoin, thus pushing its price past the $32,000 resistance level.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100