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.


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


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

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