Bitcoin Price Prediction as BTC Surges Above $38,000 for First Time Since May 2022 – Is $40,000 Next?
As Bitcoin price breaks the $38,000 barrier for the first time since May 2022, the crypto community is abuzz with anticipation: could $40,000 be the next milestone?
Currently trading at $37,790, marking a 1.25% increase on Saturday, Bitcoin is showing signs of a robust recovery. This resurgence aligns with PlanB’s projection, emphasizing an average BTC price of $100,000 from 2024, suggesting long-term optimism in the market.
Moreover, the impending introduction of a Bitcoin ETF is anticipated to unlock a staggering $70 billion in new demand, fueling further growth.
Adding to this bullish sentiment, CEOs of Australia’s leading crypto exchanges have expressed confidence in an approaching bull market, potentially setting the stage for Bitcoin’s sustained upward momentum.
