Bitcoin Surpasses $40,000: Factors Behind the BTC Price Surge

[Thyplaymaker]

Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.

You're exactly right the approval of ETF will pump the Bitcoin price to good levels. I expect that with approval we may see Bitcoin's price going above $50k and may reach $55k. There can also be an upward pump in the price of Bitcoin during the Christmas or after it and if that happens then the ETF approval will take that pump to even more intense levels.

Some people think that Bitcoin may dump again to $38k or $35k level and if that happens then it would be very hard for Bitcoin to cross $50k value but I'm still optimistic that Bitcoin will have upward movements in the coming days. We may see price correction after $50k value but that won't take Bitcoin to $35k levels again if it reaches $50k value.

Yeah that's right $35k is a strong resistance for Btc, Btc will definitely hit around the price range of $50k if Btc ETF  got approved but know one know about the upcoming outcome about the ETF approval. So let's just wait and see what is to happen next. But just keep holding.

[therozaq]

Yeah that's right $35k is a strong resistance for Btc, Btc will definitely hit around the price range of $50k if Btc ETF  got approved but know one know about the upcoming outcome about the ETF approval. So let's just wait and see what is to happen next. But just keep holding.

I like this opinion, I think we will btcoin dump about 35-38K USD , but It doesn't big matter. Bitcoin will pump again and will reach 50K USD at the begining the next year.
I think the middle of January we will see bitcoin touch 50-55K USD.
If you have bitcoin now.
Hold it.
And better buy several potential altcoins such as Ethereum, BNB, DOT, SOL etc.
The coins that you have analyzed will grow at the next year.
Good Luck mate.

[MVL~$]

The price of Bitcoin can increase for a number of reasons. Currently, the price of Bitcoin is above 40 thousand dollars. The upward trend of the bull market suggests that the price of Bitcoin may move closer to or above fifty thousand dollars in 2024. Bitcoin's value is more likely to increase by increasing the ETF stream. It is expected that the value of Bitcoin will increase.

[Coinmama7824]

Yes the Bitcoin Spot ETF is undoubtedly one of the major factors that is influencing the market heavily right now, especially right now that the chances of approval is really high, investors are now very optimistic about the bitcoin market. Another reason could also be the upcoming bitcoin halving too.

[surendertakyaan70]

Yes, now we are seeing the value of Bitcoin increasing. Contribution of increasing popularity of the platform and acceptance of cryptocurrency business in the market. Due to which Bitcoin reaches great heights. The trends in which cryptocurrency develops include institutional participation and the broader financial environment. Bitcoin price rises above $40,000 or $50,000. This can be expected in 2024 due to which the interest and confidence of investors in cryptocurrencies seems to be increasing

[sampoerna]

Yes the Bitcoin Spot ETF is undoubtedly one of the major factors that is influencing the market heavily right now, especially right now that the chances of approval is really high, investors are now very optimistic about the bitcoin market. Another reason could also be the upcoming bitcoin halving too.

News about Bitcoin ETFs is always an issue that makes the Bitcoin trend very positive or vice versa. Because sometimes the price of Bitcoin can jump quite significantly because of news related to the Bitcoin ETF. and of course we hope that the increase in Bitxoin will continue to be significant and continue to increase, especially heading to the bullish era. But now, the price is still volatile and we may also be going to face any other market correction.

[MVL~$]

There could be many reasons for the increase in the value of Bitcoin. Basically, the reason for the increase in the price of Bitcoin cannot be clearly stated. However, past surveys suggest that the price of Bitcoin declines at the beginning of each year and slows down in the middle, and at the end of the year Bitcoin price accelerates like a bull market. Everyone has some role behind the increase in the value of Bitcoin and the decrease in the value of Bitcoin. For example, some people invest in Bitcoin and others sell Bitcoin, thereby the price of Bitcoin can go up and down. It may be that the market has completely dumped or the market has gone up completely.

[de_prof]

Bitcoin is struggling much and we all know that ETF approval will pump Bitcoin more.
In January one of the Bitcoin Sopt ETF has the final deadline. If this will be approved so definitely others will also be approved.
I am looking Bitcoin above $50k soon.

I think I agree with this prediction, bitcoin will touch $50K at the beginning next year, January 2024.
I see the market trend is going up.
ETF is the factor behind this condition.
But it's just the beginning....

[yawar20]

After few weeks of surge we see a sideways movement and can be a possible correction ahead and this bump is nothing but a speculation and still we are away from the hike of halving.

Well It appears that the recent surge in activity may be leveling off, also suggesting a period of sideways movement in the market. My observation raises the possibility of an impending correction, highlighting the potential speculative nature of the recent bump in activity. It's worth noting that despite the recent increase, we are yet to experience the anticipated hike associated with the halving.

[NikeFit_7777]

I think I agree with this prediction, bitcoin will touch $50K at the beginning next year, January 2024.
I see the market trend is going up.
ETF is the factor behind this condition.
But it's just the beginning....

What if this is the beginning of the end? What if this is the tenth time we've been manipulated? And we confidently succumb to such scenarios.

At 16,000, did You expect 35,000 and up? Personally, I couldn't believe that number. Because everyone expected btc, on the contrary, to fall below 10,000. And once again we were all fooled.  Isn't the same thing happening now? Think about it

What with Halving, what with the adoption of spot ETFs, we could lose everything. (If we be go along with go the manipulator). And it's the manipulator that will take everything we've earned and give us no other opportunity.

[LUCKMCFLY]

Well, there is speculation that this 2024 in January will start with everything, I have seen some articles where he has basically made good predictions and they can attest that things will be very much headed towards something better, that is, it is likely that the ETFs will be confirmed and approve, the most skeptical people who do not support Bitcoin much know it and are beginning to generate more controversy, of course all their analysts are seeing a favorable panorama for Bitcoin and it may increase in price widely, this is beneficial for everyone, because Those who have these prices and bought when it was at $36k have made good money there, however those who have even more Bitcoin, the big investors do not want to sell Bitcion, things are getting very good, the expectations for this new year They will increase much more.

I hope that it reaches a good price in 20245 and that a lot can be done about it, because it is what we have been waiting for since 2021, although it says that the Bitcoin upload pattern is every 4 years.

But:

Bitcoin ETF approval won't trigger crypto market rally — Options Data

Drawing from these insights, Greeks.live asserted that the market has already considered the potential approval of the spot Bitcoin ETF. In simpler terms, participants in the market could have expected the occurrence and modified their positions accordingly, resulting in the actual approval having a limited impact on prices and volatility.

Asset managers BlackRock, Valkyrie and Van Eck submitted amended S-1 forms to the United States Securities and Exchange Commission on Dec. 29, the final day for the SEC to consider them in January 2024. Invesco Galaxy, Bitwise, WisdomTree and Fidelity Form S-1 applications coming in after.

Source: https://cointelegraph.com/news/bitcoin-etf-approval-wont-trigger-crypto-market-rally-options-data?_gl=1%2a6tgphd%2a_ga%2aMTQ1MTc0ODA0MS4xNjkwNTkwOTM3%2a_ga_53R24TEEB1%2aMTcwNDAzMzM2OC4yOS4xLjE3MDQwMzMzNjguMC4wLjA.&_ga=2.256591497.348132825.1704033370-1451748041.1690590937

[Fivestar4everMVP]

But:

Bitcoin ETF approval won't trigger crypto market rally — Options Data

Well, this I honestly do not agree with, I mean, ever since this whole discussion about possible approval of the bitcoin spot ETF by the US SEC. The price of bitcoin have been on a steady rise with some minor and major corrections along the way, personally, we are approaching the bitcoin halving quite alright, but I do not think that this is a major catalyst that will drive the bitcoin and cryptocurrency bull run come next year, what will act as the catalyst that will drive the price of bitcoin and the price of some other major altcoins is the ETF approval, who ever is saying otherwise possibly do not know what they are saying.

We have seen enough halvings and many of us have gotten used to it, halving no longer possess the kind of charm needed to drive bitcoin to a new all time high in price, something new have to be on board, and that is the ETF approval.

[masudginanjar]

It's normal for Bitcoin prices to rise because this phase will definitely continue.
I've read it for this thread, and some say ETFs are the main factor, SEC regulations etc.
What is interesting about Bitcoin continuing to rise again is because Bitcoin has its own community to increase its price, such as investors, traders or several retail traders.
40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.

[Baofeng]

It's normal for Bitcoin prices to rise because this phase will definitely continue.
I've read it for this thread, and some say ETFs are the main factor, SEC regulations etc.
What is interesting about Bitcoin continuing to rise again is because Bitcoin has its own community to increase its price, such as investors, traders or several retail traders.
40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.

But if you think that the price will go to $125k as our new all time high, then you can still make money even if you bough at around $40k-$45k'ish isn't it. As for the price surge, yes, it's about the Bitcoin ETF approval that we all have been waiting for.

There are even bets right now about the approval,

At the Polygon-based gambling site Polymarket, traders have placed their “Yes” or “No” bets on whether the Bitcoin ETF applications will be approved. At the time of writing, around $1.5 million worth of bets have been placed, with most of the traders buying shares of “Yes.” 

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

The approval date is January 15, so it's about a week from now, we will see the decision of SEC.

[therozaq]

40,000 USD is quite an expensive value at the moment, but many media or experts in Bitcoin trading predict the price could exceed 125,000 USD. If it is true, up to 125,000 will be the latest All Time High and will be recorded in history.

If you look at the previous ATH of Bitcoin at $ 68,000 after the 2020 Bitcoin halving. I think  $ 125,000 is a number that can still be achieved.  It is possible that ATH will occur in 2025. This year we should do research and purchase to add to our coin collection to hold for next year 2025. Anything can happen to crypto.  Prepare free money if you want to hold until ATH, because it takes a long time.  Every investment requires patience..