The approval of an Ethereum Spot ETF could see the cryptocurrency’s price potentially rising more, following previous patterns when the SEC’s approval of Spot Bitcoin ETFs triggered a major price spike for the pioneer cryptocurrency. This sentiment for a bullish breakout is shared by crypto analyst Ali Martinez, who has asserted that Bitcoin is currently showing a strong potential for further gains, underscoring the cryptocurrency’s robust price potential and strong fundamentals. Featured image created with Dall.
In an email to TheBlock, Kendrick stated that Bitcoin is poised to break out of its previous all-time high on March 14, 2024, to witness a massive surge to approximately $73,798. Related Reading: Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead The analyst has projected a rather grandiose timeline for this bullish rally, expecting Bitcoin to hit the forecasted price target by the weekend.
The cryptocurrency has been on a steady bullish momentum over the past week, experiencing consistent price surges, which have led to a sharp increase of 12.86%. Related Reading: Solana Cup And Handle Pattern Means An At Least 90% Move Against Ethereum, Analyst Says Popular crypto analyst, Michael van de Poppe has reported that Bitcoin is up more than 20% since its previous lows of $56,000 earlier this year.
The story " Bitcoin is predicted to Break Its All-Time High above $73,700, With a Timeline that's Hard to Believe - Analysis from Standard Chartered" has 447 words across 58 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story " Bitcoin is predicted to Break Its All-Time High above $73,700, With a Timeline that's Hard to Believe - Analysis from Standard Chartered" was covered 3 weeks ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 6 news stories per day.
It's most recent story was published 10 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.