Crypto Analyst Says Bitcoin Soaring To $200K ‘Seems Inevitable’ As Halving Approaches
Published by
Benzinga
Benzinga
Cryptocurrency experts are painting an optimistic picture for Bitcoin‘s(CRYPTO: BTC) future value as it reached the $52K level on Wednesday. What Happened: The rise in Bitcoin’s value corresponds with the successful launch of spot Bitcoin ETFs, which have been on the market for only a month. These funds have seen inflows surpassing $3 billion, an achievement rarely seen so soon after an ETF launch. “$BTC has broken the 78.6% Fibonacci level for the first time ever pre-halving. A pre-halving parabolic move to the $200k zone seems inevitable at this point,†cryptocurrency analyst Gert van Lagen …