Bitcoin Price Prediction: BTC Defies ECB’s ‘Last Gasp’ Prediction as it Flirts with $45,000, but Investors Are Flocking to This BTC Altcoin to Play in the Next Crypto Bull Market.

adminDecember 7, 2023

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Bitcoin price has traded up 5% over the past 24 hours. $44.1K As of 9:50 a.m. ET, after touching $45,000 that morning.

This is a far cry from last November when the European Central Bank stated in a blog post that there had been some Bitcoin stability: “The last artificially induced gasp before heading into indifference.”

The king of cryptocurrencies has since surged nearly 170% from around $16,400, where the ECB predicted BTC’s imminent demise.

Bitcoin price prediction

Looking at the four BTC/USD charts, the 50-day moving average is above the 200-day moving average, showing buying pressure on Bitcoin. This shows potential for near-term strength as the bulls are now expected to break the $44.4,000 resistance level.

MACD is also moving in the green zone, showing bullishness for Bitcoin price. In contrast, the Relative Strength Index indicator is moving in overbought territory, showing strength for the Bitcoin price.

According to @Whalechart, BlackRock has been buying Bitcoin through the bear market, showing interest in the cryptocurrency king from larger companies. These developments may also contribute to Bitcoin’s surge in the near term, especially due to the enthusiasm surrounding the approval of the Bitcoin ETF.

Just came in:
BlackRock has been using its private trust to purchase Bitcoin throughout the bear market.
This private trust was launched in 2022 with Coinbase as its custodian.
— Whale | Dinobet.io (@WhaleChart) December 5, 2023

Meanwhile, as the price of Bitcoin soars, Bitcoin ETF tokens continue to attract more investors through: BTCETF Token Pre-sale, the momentum shows no signs of slowing down. With a token price of $0.0064, the pre-sale raised $2.8 million.

#Bitcoin ETF Step 8 has begun! 🚀 pic.twitter.com/Zxp6tAPVpB
— BTCETF_Token (@BTCETF_Token) December 6, 2023

Bitcoin Price Prediction: Why BTCETF Is a Good Buy Amid a BTC Bull Market

As follows Bitcoin ETF Token (BTCETF) Pre-sale As the campaign gains momentum, investors are eagerly awaiting the Securities and Exchange Commission’s (SEC) decision on about a dozen Bitcoin ETF applications. An innovative Bitcoin investment product is seeking to cash in on growing expectations of SEC approval.

There will be another price change within 3 days, so now is the time to buy now to take advantage of the discount.

Taxes on transactions and token burns

BTCETF plans to perform a 25% burn of its token supply as part of its rigorous five-step ETF acceptance approach. If the Bitcoin price exceeds $100,000, the total circulating supply will be reduced to 1.575 billion tokens through an additional 5% burn. These burns will support the Bitcoin ETF token price in the future.

BTCETF stands out in the ever-changing cryptocurrency industry by focusing on price support, strategic objectives, and compatibility with the Bitcoin ETF story. So, don’t miss out on the pre-sale.

Get BTCETF tokens here.