Why is Bitcoin price up today?

[cryptoworld1]

Bitcoin price is up today, briefly recapturing the $35,000 level as bullish investor sentiment provides BTC with a much-needed tailwind.
Bitcoin

BTC price is up today, rising to an intra-day high of $35,121. The Bitcoin price increase today comes as hype around a spot BTC exchange-traded fund (ETF) resulted in an increase in spot and CME BTC volumes and this bullish momentum continues to push prices across the crypto market higher.


More For yourself Read Here https://cointelegraph.com/news/why-is-bitcoin-price-up-today

What's your opinion about Bitcoin price up today?

[hadi2000]

The increase reflects an uptick in demand as crypto investors anticipate the approval and listing of Bitcoin ETFs, or exchange-traded funds

[Primo1760]

Today, the price of Bitcoin is hovering around $43,400. Many predicted that Bitcoin would be between 50,000 and 55,000 in 2023. We can see that Bitcoin reached a high of $44488 on some exchanges in December. We can tell by looking at the current position of Bitcoin that we are very close to a bull market. However, it is believed that if the fake Bitcoin ETF is approved, the price of Bitcoin will be between 60 and 70 thousand dollars and can go up to 100,000 dollars. Now just waiting for fake bitcoin etf approval.

[Baofeng]

Today, the price of Bitcoin is hovering around $43,400. Many predicted that Bitcoin would be between 50,000 and 55,000 in 2023. We can see that Bitcoin reached a high of $44488 on some exchanges in December. We can tell by looking at the current position of Bitcoin that we are very close to a bull market. However, it is believed that if the fake Bitcoin ETF is approved, the price of Bitcoin will be between 60 and 70 thousand dollars and can go up to 100,000 dollars. Now just waiting for fake bitcoin etf approval.

Probably, but I wouldn't put too much emphasize on the supposedly fake Bitcoin ETF approval, we have seen the dates that the review could happen early next year. So most likely there are just some entities who wanted to push their narrative that a approval is incoming.

For me still the biggest news for next year is not the approval, but the bitcoin block halving. We all know that this is the only catalyst for the eventual bull run. And with or without the approval, we can go and reach that $100k or even higher as what most crypto enthusiast are predicting.

[Alvida]

Bitcoin price is increasing because it is a dominant currency due to which its demand is increasing day by day and becoming popular among people. People invest heavily in this coin and trust these few. Moreover, most people invest only with the intention of making huge profits and this is increasing because there is a huge bull market ahead.

[PX-Z]

As of writing since you posted this a month ago price is about $43k. Al i can think is only due to the upcoming bitcoin halving, bitcoiners are trying to stack more bitcoins. Second the expected approval of bitcoin ETF. Since we have reached this height, i don't think it will decrease once the ETF, unfortunately, will not be approved.

[Dr.Bitcoin_Strange]

BTC price is up today, rising to an intra-day high of $35,121. The Bitcoin price increase today comes as hype around a spot BTC exchange-traded fund (ETF) resulted in an increase in spot and CME BTC volumes and this bullish momentum continues to push prices across the crypto market higher.

The current price of Bitcoin is far from the formal price as of the day you started this topic. If we only consider the high price of Bitcoin as a result of the pending EFT approval, what can we then say was the cause of the hike in 2021 when Bitcoin got above $60k? From the history of Bitcoin, the halving period usually brought about a positive change in the price, and that's what I feel is happening now.

[Decora50]

Today Bitcoin price 43562 dollar. of bitcoin That's pretty much why we're so attracted to Bitcoin investing. The more you invest in Bitcoin, the more benefits you can reap.

[NikeFit_7777]

Do you think we'll see +10/15% upside after ETF adoption? It is interesting to read the opinion of each user. 

[salad daging]

As of writing since you posted this a month ago price is about $43k. Al i can think is only due to the upcoming bitcoin halving, bitcoiners are trying to stack more bitcoins. Second the expected approval of bitcoin ETF. Since we have reached this height, i don't think it will decrease once the ETF, unfortunately, will not be approved.

Anyone who accumulates more bitcoin with various strategies including DCA would be better off starting now even though the price is already high at $44K, actually this is not much about the increase before the halving occurs, never hesitate to accumulate bitcoin because the price is high but when the price starts to rise, you will regret not buying earlier or starting now.

Regarding ETFs, there is still a lot of drama with the SEC discussing it several times, some sources say that in January the spot ETF will be approved, maybe there will be a longer delay.

The ETF has been listed on DTCC with the ticker FBTC is approval approaching?

Source: https://twitter.com/WatcherGuru/status/1732921835061199215

[CryptoLaila]

What's your opinion about Bitcoin price up today?

For every break ou of resistance level there's  either a long term or short term bull run regarding how strong the resistance maybe. I think if we check out a day time frame the breakout could be visible, besides we are in the season of BTC  so let It move and go high

[NikeFit_7777]

As of writing since you posted this a month ago price is about $43k. Al i can think is only due to the upcoming bitcoin halving, bitcoiners are trying to stack more bitcoins. Second the expected approval of bitcoin ETF. Since we have reached this height, i don't think it will decrease once the ETF, unfortunately, will not be approved.

Anyone who accumulates more bitcoin with various strategies including DCA would be better off starting now even though the price is already high at $44K, actually this is not much about the increase before the halving occurs, never hesitate to accumulate bitcoin because the price is high but when the price starts to rise, you will regret not buying earlier or starting now.

Regarding ETFs, there is still a lot of drama with the SEC discussing it several times, some sources say that in January the spot ETF will be approved, maybe there will be a longer delay.

The ETF has been listed on DTCC with the ticker FBTC is approval approaching?

Source: https://twitter.com/WatcherGuru/status/1732921835061199215

Questionable advice, to be honest. Yes, DCA works, but not when bitcoin is at its peak. Let's see how the market absorbs, kudos from ETF. 

[elrozaqo]

Today Bitcoin price 43562 dollar. of bitcoin That's pretty much why we're so attracted to Bitcoin investing. The more you invest in Bitcoin, the more benefits you can reap.

Yeah , I think we should start to buy bitcoin and altcoin now.
Because next year we will see bitcoin halving
Better to do  now than late

[Gormicsta]

The increase reflects an uptick in demand as crypto investors anticipate the approval and listing of Bitcoin ETFs, or exchange-traded funds

As well as the Bitcoin halving, investors are optimistic about the future of Bitcoin due to the impact they believe the approval of the ETF would bring to the Bitcoin community as well as the Halving and we know that one of the factors that mostly influences the trend of Bitcoin is the investor's sentiment towards Bitcoin, so the current positive trend of Bitcoin now shows that investors are optimistic about the market

[bitbit97]

Why people care much about halving and expect halving to increase bitcoin proce? Last time we had halving, the price barely showed any significant change. Halving is in less than half a year, and the price already grew a lot this year. I think nothing would change much in April 2024.