SEC in January spot Bitcoin ETFto approve of BTC It opened new doors for At this point, the approval and launch of ETFs brought new investors to BTC, reigniting the excitement lost in the 2022 “crypto winter”.
at this point Bitcoin In recent days, it made an unexpected attack and pinned above $ 64,000, taking one step closer to its ATH in 2021 at $ 69,000.
Additionally, Bitcoin’s monthly gain was more than 47%, the biggest gain since December 2020.
Speaking to Reuters at this point, analyst Tony Sycamore from the IG Markets brokerage firm said:
“Momentum in Bitcoin points to a test and possible breakout of $69,000.
“This will take Bitcoin beyond the record high of $69,000 set in the heady days of crypto peaks in November 2021.”
Apart from Tony Sycamore, City Index’s senior market analyst matt simpson He also evaluated the rise in BTC.
Matt Simpson stated that he could not determine any peak level for Bitcoin “If it were any other market, I would probably advise ‘don’t go near the bubble that’s bursting from the top.’ However, Bitcoin is a different market and BTC is back in its parabolic rally phase. So there is no sign of a top for BTC and I cannot give a clear level for the top.” said.
*This is not investment advice.
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