Bitcoin started the week on the rise. The reason for the positive dynamics is the expectation of market participants for the approval of the first ever US spot ETF on BTC. Previously, the BeInCrypto editorial board collected the chronology of events in one overview.

Opinions of members of the crypto community about how BTC will behave further differed. Many market representatives are confident that the positive news background will support the further growth of the cryptocurrency. For example, Reflexivity Research co-founder Will Clemente believes that the coin's behavior should panic bears who planned to buy BTC cheaper.

A positive forecast was published by Stockmoney Lizards, a popular analyst in the crypto community. In his opinion, the realized growth of BTC is only the beginning of the positive movement of the cryptocurrency.

Some members of the crypto community believe that the next target for BTC may be the $40,000 level. For example, a bitcoin forecast by trader and analyst Titan of Crypto implies the coin moving to the indicated height in November 2023.

The positive forecast of the Bitcoin exchange rate was supported by the trader Mags. He does not reject a breakthrough in cryptocurrency at the level of $40,000. until the end of the year. Analyst Michael van de Popp also joined the optimists. He is confident that a bull market has begun. Analyst Charles Edwards supported the positive forecast of his colleagues.

However, there are those who are sure that BTC will not go further. For example, analyst Trader_J is sure that after updating the local maximum, the coin will go into a protracted correction. His Bitcoin forecast does not exclude a decline to $24,000. until the end of the year.

Trader Doctor Profit, in turn, sees the prerequisites for BTC to drop to $25-26 thousand. According to his observations, a pool of liquidity has formed at the height, which can act as a magnet for the coin's rate.

Bitcoin's negative forecast was supported by trader Ninja. According to him, the technical picture, which includes CME gap analysis (the gap between the opening and closing price of Bitcoin futures trading on the Chicago Mercantile Exchange), indicates the probability of BTC falling to $20,000. #Crypto2023 #binance #Bitcoin #BTC