From Nasdaq:

1. Bitcoin’s recent surge has led to its largest monthly gain since 2020, bringing it close to a new all-time high. Analysts predict a strong bull market ahead as the cryptocurrency surpasses the Russian Ruble to become the 14th largest currency in the world.

2. The approval of the Bitcoin Spot ETF by the SEC and high trading volumes have fueled Bitcoin’s rally, along with investor anticipation of an upcoming halving event. Analysts suggest that the halving event expected in April 2024 is already factored into current prices, leading to a significant price hike.

3. BlackRock’s BTC ETF and iShares Bitcoin Trust have seen massive trading volumes, leading to Bitcoin’s value soaring by over 47% – the sharpest monthly increase since 2020. This surge has brought Bitcoin closer to its all-time high and increased market optimism.

4. As the Bitcoin halving event approaches in April 2024, cryptocurrency miners have been selling their Bitcoin due to impending changes in rewards. The halving will reduce BTC rewards to miners, potentially leading to increased scarcity and price appreciation.

5. Bitcoin’s stock-to-flow model indicates a trend of parabolic bull markets following halving events, with price appreciation expected in the months after the event. Analysts predict that Bitcoin’s price could reach significant highs in the upcoming halving cycle, with expectations of a peak between April and August 2025.

6. Market experts and investors alike speculate on how high Bitcoin’s price could go, with suggestions ranging from six figures to over $1 million. Regulatory normalization and institutional investment in crypto could drive Bitcoin’s value to new heights, bringing renewed optimism to the cryptocurrency market.



Read more at Nasdaq: A Trip to the Moon: All-Time High in Sight as Bitcoin ETF Daily Volumes Surpass $1 Billion