Bitcoin Soars Above $45K, Reaching 4-Week High Post Spot ETF Launch

[sirty143]

Bitcoin Soars Above $45K, Reaching 4-Week High Post Spot ETF Launch

Bitcoin’s USD value surged to its peak in nearly four weeks, marking the highest point since the launch of spot bitcoin exchange-traded funds (ETFs) on Jan. 11, 2024. On Thursday, bitcoin’s price climbed over 4% against the U.S. dollar, and hit a peak of $45,522 per unit. See more for yourself here.

Your opinion is greatly appreciated.

[Don Pedro Dinero]

Well, it's currently at $47,000 already. The price trend is in line with what I was saying recently in another thread: that this year will most likely be bullish and the price will go above $100,000 either this year or early next year. It's not going to be a straight line though. I would expect another dip when the price is between 50 and 60,000, and bear in mind that the price so far has never passed the ath of the cycle just before the halving, which is not necessarily a repeat but most likely to happen.

[kulkhan]

Yes we are seeing impact of ETF on bitcoin price. Although 4 week past Even if it's late But I was sure we will saw impact of ETF. Now bitcoin price touch near about $48150. I think Bitcoin price will increase more and more, Because of ETF impact and future Halving programme. Bitcoin Halving countdown showing only 65 days left. So we are waiting for bull session i think we will see soon it. I think bull session we will see within this year and Bitcoin price will hit $100k i believe it. And waiting for it.

[Stompix]

Yes we are seeing impact of ETF on bitcoin price.

So now...ETF is good for Bitcoin? 
I remember how everyone was pissed that the price dropped after the announcement and now everyone is happy, look at the bullrun!

Well, it's currently at $47,000 already. The price trend is in line with what I was saying recently in another thread: that this year will most likely be bullish and the price will go above $100,000 either this year or early next year. It's not going to be a straight line though. I would expect another dip when the price is between 50 and 60,000, and bear in mind that the price so far has never passed the ath of the cycle just before the halving, which is not necessarily a repeat but most likely to happen.

So if we have a jump to $100,000 and then another ascent or is this a full number after all the halving effect?
Asking because the theory was that supply and demand will cause it, as we were printing only 36 million worth of coins and drop to 18milsl a day, but if we hit 100k before the halving we will still print 45mills a day so supply in fiat terms will still be over what we have now.
Not even going to compare it to last year in depth as half is still double what we have.

I'm not putting out any theory myself, the only prediction I'm making is that this year will trash all patterns, I'm quite confident on it.

[Tribalchief]

This is positive news, indeed. Since this post was made, there has been a further increase in price, bringing Bitcoin to a current value of $48.1K as of this moment. Despite the approval of the Bitcoin spot ETF, the market did not move in the anticipated direction; instead, there was an unexpected decline in price. Interestingly, we have observed Bitcoin's price approaching the $50K mark. Though it is very challenging to determine if the approval of the spot Bitcoin ETF is the primary driving force behind this recent surge, but we can certainly attribute credit to that event.