COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin’s Path to $40,000: Analyst Predicts Surge Amid Key Financial Events
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin’s Path to $40,000: Analyst Predicts Surge Amid Key Financial Events
Bitcoin (BTC)

Bitcoin’s Path to $40,000: Analyst Predicts Surge Amid Key Financial Events

In Brief

  • A well-known crypto market analyst has suggested that Bitcoin (BTC) could surpass the $40,000 level at any moment. The analyst highlighted that the ongoing developments with the SEC and potential ETF approvals could continue to drive the market upwards.ContentsBitcoin’s $40,000 Target in Sight!Scenarios Impacting Bitcoin’s Price Bitcoin’s $40,000 Target in Sight! Known as The Flow […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

A well-known crypto market analyst has suggested that Bitcoin (BTC) could surpass the $40,000 level at any moment. The analyst highlighted that the ongoing developments with the SEC and potential ETF approvals could continue to drive the market upwards.

Contents
Bitcoin’s $40,000 Target in Sight!Scenarios Impacting Bitcoin’s Price

Bitcoin’s $40,000 Target in Sight!

Known as The Flow Horse on social media, the cryptocurrency analyst expressed a positive outlook on Bitcoin to their followers on platform X, citing that under current conditions, there are very few reasons for anyone to sell BTC. The analyst also believes that Bitcoin will continue its upward momentum prior to the potential approval of a spot market Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) by January 10, 2024. The expert stated the following:

“I had mentioned three weeks ago that the $38,000-$40,000 range would temporarily be at the top. Yes, that was for that time. But now it just looks like a rising floor. I repeat, who is selling a lot before January 10th? $40,000 is coming soon.”

Scenarios Impacting Bitcoin’s Price

Other factors that are expected to continue driving Bitcoin’s price include the April 2024 halving event, where miners’ rewards are cut in half, and the potential rate cut by the Federal Reserve next year, which typically implies upward momentum for risky assets like BTC. The analyst mentioned:

“ETF and halving… There are still people in the middle of the curve for next year’s expected prices.”

The analyst also emphasized that prices would immediately increase if the SEC approves spot Bitcoin ETFs, highlighting the following point:

“Consider this: Why are you selling now? Think about other people, other whales, other investors. Why sell when almost all prices will be higher once the ETF gets the green light? We will be higher than where we are when the ETF goes live. That’s something I truly believe in.”

  • Analyst predicts Bitcoin’s rise to $40,000.
  • Key events like ETF approvals could boost BTC.
  • Spot Bitcoin ETF approval to influence prices.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Strategy’s Bold Moves in Bitcoin Surge to New Heights

A Daring Return: James Wynn’s High-Stakes Moves in the Crypto Market

Metaplanet Increases Bitcoin Holdings in Bold Crypto Strategy

Bitcoin Dips Set the Stage for a Massive Surge

Bitcoin’s Potential Surge Ignites Market Interest

COINTURK NEWS 2 December, 2023 - 4:09 am 2 December, 2023 - 4:09 am
Share This Article
Facebook Twitter
Share
Previous Article The Impact of Supply Inflation on Terra Classic (LUNC) Market Dynamics
Next Article Bitcoin’s Remarkable Surge Amidst Optimistic Market Changes
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin and MKR Coin Take Center Stage: Summer Price Targets and Critical Events
Cryptocurrency News
Cryptocurrencies Rise as Fed Faces Inflation Challenges
Economy
Bitcoin Holds Strong at Six Figures Despite Market Volatility
Cryptocurrency News
IG Group Breaks Barriers with Crypto Trading Access for Individual Investors
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?