Price for bitcoin (amidst false news of spot BTC ETF approval) ran up to the upward 47.5k area and quickly hammered back down to the 44k levels within a few minutes and seemed to level back out after Gary Gensler (Chairman of SEC announced that their twitter account had been compromised and that they have not approved a spot BTC ETF. Volatility was massive and price most certainly was headed for the 52-53k levels on the next level of the Fibonacci extension. My price prediction is 52k-53k levels and hanging around there for a few weeks before moving on to ATHs. A confluence of political & economic factors on our horizon have created a perfect storm for a bull market from now (January 9th 2024) until late 2024 & early 2025.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.