PC Crypto

After 2 years of a bear market we might be finally entering the bull zone with BTC at $34,000 and ETH at $1,800.

One of the factors for this sudden price increase in the past 2 weeks is the belief that Bitcoin ETF approval is around the corner. The deadline for that is January 2024 and it would cause a massive influx of institutional money.

However nothing is guaranteed here as previous Bitcoin ETFs applications were denied by SEC.

But this time it’s BlackRock. BlackRock has listed its bitcoin ETF on the Depository Trust & Clearing Corporation database with the ticker $IBTC which shows how serious they are about it. It’s more a matter when than if.

BlackRock is not the only one filing for ETF. There are 5 others too: the SEC also formally acknowledged applications from Bitwise, VanEck, WisdomTree, Fidelity and Invesco for similar spot bitcoin ETFs.

In this text we will see what people on CT or Crypto Twitter are saying.

If you want to trade Bitcoin or Ethereum, choose one of the exchanges like MEXC crypto exchange or ByBit crypto exchange.

Bitcoin Bulls on Twitter

Bitcoin putting in multiple K’s in a daily candle.

You’re not used to it because we have been battered and bruised for 2 years.

Just wait until this is a daily occurrence!

Just wait until you punt a random coin and it 10x’s!

You’ve got it all to look forward to anon!

— hoeem (@crypthoem) October 24, 2023

pic.twitter.com/XRLyor6Tjj

— 🉐 Crypto Linn (@crypto_linn) October 23, 2023

What did I just wake up to?!!$BTC at $35k.

Holy shit we are so back!

— Route 2 FI (@Route2FI) October 24, 2023

Bro we are so back omg pic.twitter.com/lbnobPmsbH

— gainzy (@gainzy222) October 24, 2023

Have had multiple people outside of crypto message me over the last 24hrs asking about Bitcoin

Bull market vibes.

Reminder to my future self that when it gets incessant and annoying and you can't have a conversation IRL without someone mentioning crypto, it's time to sell

— Zeneca 🔮 (@Zeneca) October 24, 2023

Yes, I am still buying BTC.

$34,000 is nowhere near my price targets.

If I thought $34k was the top…

I would have sold long ago.

Stick to the plan.

— Deebs DeFi 🛰 (@Deebs_DeFi) October 24, 2023

Are you not entertained?!

$34K BTC
$1800 ETH

Many of you forgot what a bull market feels like but today is a nice taste.

If you stuck around these past two years enjoy.

Drinks on me 🥂

— Louis (@lou_markets) October 24, 2023

SO UPTOBER IS JUST A TEASER

NOVEMBER IS ULTRA BULLISH 🔥 pic.twitter.com/eNGaVKois6

— Ash Crypto (@Ashcryptoreal) October 24, 2023

Bitcoin Price Prediction Today

As of October 2023 it’s hard to predict how much higher the price will go. The macro economic conditions are still rough. On the other hand the global wealth measured by the size of middle class is growing, especially in Asia.

For sure 2024 will be a very interesting year for crypto market.

P.S. The above links are affiliate.