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Cryptocurrencies: 12,866
Markets: 940
Marketcap: $ 2.05 T(0.79%)
24h Vol: $ 87.19 B
BTC Dominance: 48.87%

Bitcoin Falls 2% But Bullish Sentiment Remains Strong

Key Takeaways

Bitcoin recently traded at $41,079 after falling 2.01% on Monday. However, several indicators point to a continued bull run in the near future.

VanEck CEO Remains Bullish

Jan van Eck, CEO of investment firm VanEck with $76.4 billion assets under management, expects Bitcoin to reach new all-time highs within the next 12 months. He cites continued growth and expected approval of spot Bitcoin ETFs as drivers.

ARK Invest Predicts $1.48 Million Bitcoin Price by 2030

Cathie Wood’s ARK Invest predicts Bitcoin could surge to $1.48 million by 2030, representing a potential 3,356% increase from current levels. Bitcoin’s recent price movement analyzed by TradingView

SEC Oversight to Remain

Ripple’s Chief Legal Officer Brad Garlinghouse expects the SEC to keep a strict oversight of cryptocurrencies and pursue more regulatory actions.
[https://twitter.com/seth_fin/status/1736417393256132885?ref_src=twsrc%5Etfw] Seth discusses VanEck CEO’s views on Bitcoin: pic.twitter.com/YooKq5KPbq

Technical Indicators Point to Continued Bull Run

Bitcoin price analysis shows resistance at $42,885 and $46,020 and support at $40,700. The RSI is at 43, suggesting a neutral outlook. The 50-day EMA at $42,300 signals potential short-term gains.

Outlook

Bitcoin’s bull trend is expected to continue above $41,735. Any downward movement could signal a shift in sentiment.
[https://twitter.com/BlockzeitE/status/1736605306699001912?ref_src=twsrc%5Etfw] Blockzeit shares Cathie Wood’s Bitcoin prediction: https://t.co/ISjMFmMSp5

Disclaimer

This article does not constitute investment advice. Cryptocurrency investing involves significant risks.

Top 15 Cryptocurrencies to Watch in 2023

The article concludes by listing the top 15 cryptocurrencies to keep an eye on in the coming year.

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