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CryptoQuant: Bitcoin halving and ETF approval could potentially raise Bitcoin to $160,000

CryptoQuant: Bitcoin halving and ETF approval could potentially raise Bitcoin to $160,000

2023/12/21 00:45

In a report, CryptoQuant analysts stated that the anticipated demand for Bitcoin from multiple spot ETFs in the United States, coupled with the upcoming halving and a broader stock market growth under an interest rate cut backdrop, could potentially push Bitcoin to a high of $160,000. Meanwhile, analysts predict that the bull market may begin in 2024.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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