Bitcoin worth simply set a better excessive above the present 2023 excessive and 52-week excessive.
What’s subsequent after this as Bitcoin bulls proceed to march upward?
Bitcoin Worth Units New 52-Week Excessive
Bitcoin worth is now buying and selling above $31,800, which was the latest 2023 excessive set again in July. Not solely did July maintain the file for the very best worth in all of 2023, nevertheless it was the standing 52-week excessive — one other necessary measure of an asset’s success.
A 52-week excessive represents one full yr of buying and selling, which is a barely completely different metric than the 2023 excessive.
Bitcoin makes a brand new 2023 and 52-week excessive | BTCUSD on TradingView.com
ETF Rumors Trigger A Frenzy Of Shopping for
The sustained shopping for is being pushed by rumors circulating that BlackRock’s spot ETF could possibly be authorized any day.
– Rumors of SEC speaking with potential Bitcoin ETF issuers– Issuers replace filings– BlackRock’s Bitcoin ETF listed on the Depository Belief & Clearing Company– Decide orders SEC to revisit Grayscale’s spot ETF submitting
The indicators are all there, it’s coming.
— Will Clemente (@WClementeIII) October 23, 2023
The ETF being listed by the Depository Belief & Clearing Company triggered extra hypothesis this afternoon, propelling costs powerfully larger.
Excessive Instances: What’s Subsequent For BTCUSD?
If Bitcoin can proceed its rally, the subsequent main factors of resistance are regionally at $36,000 per coin and better at between $42,000 and $48,000.
Past these ranges, BTCUSD can be probably revisiting all-time highs above $60,000 per coin. Will this shopping for exercise sustain and switch into an impulse that takes BTC to new all-time highs?
