Cryptocurrency analysts closely watched by investors have recently provided key insights. After Bitcoin surpassed $45,000 and faced selling pressure, it reclaimed the $44,000 mark. The question arises: what’s next according to the analyst’s expectations?
An analyst known as Credible Crypto, followed by hundreds of thousands, has indicated strong signals for further Bitcoin price increases. He notes both spot and futures markets show bullish signs.
The analyst suggests that the approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission could significantly propel Bitcoin prices upward.
Credible Crypto’s analysis points to a clear uptrend pattern, with higher lows and higher peaks, and a reset in funding rates indicating a market free of speculative excess, potentially leading to a substantial rally without overcomplication.
While some analysts, including Credible, anticipate a potential short-term pullback, the overarching sentiment remains bullish. Investors are speculating on a Wednesday approval for the Spot Bitcoin ETF, which could trigger a journey toward Bitcoin’s previous highs if the approval and anticipated volumes materialize.