Bitcoin Could Hit $50K, Says Analyst As King Crypto Price Breaks Above $45K For First Time Since ETF Launch
Portfolio Pulse from Benzinga Neuro
Bitcoin's price has surpassed $45,000 for the first time since Bitcoin ETFs were introduced in January, with predictions now aiming for a $50,000 target. LMAX Digital suggests a potential rise to $50,000, while Laurent Ksiss warns of possible profit-taking that could test lower levels. The surge is attributed to significant events in the cryptocurrency space, including the approval of Bitcoin ETFs and an increase in large Bitcoin wallets.
February 09, 2024 | 4:11 am
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Bitcoin's price has exceeded $45,000, with predictions suggesting a potential rise to $50,000. This surge is linked to the introduction of Bitcoin ETFs and an increase in large Bitcoin wallets.
The price movement of Bitcoin is directly influenced by the introduction of Bitcoin ETFs and the overall positive sentiment in the cryptocurrency market. Analyst predictions and significant cryptocurrency events contribute to the potential for further price increases.
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