"Bitcoin's Resilient Surge: Analysts Predict $500K Peak Amid ETF Buzz and Institutional Inflows"
Originally Published 2 years ago — by Investing.com
John Bollinger, the renowned trader and creator of Bollinger Bands, has predicted a bullish future for Bitcoin, suggesting it will "break higher" from its current price. Despite a recent drop to $40,000, partly due to concerns over the SEC's potential rejection of Bitcoin ETF applications, Bitcoin has shown signs of recovery, breaking the $43,000 resistance level. The cryptocurrency market is closely watching the SEC's upcoming decisions on Bitcoin ETFs, with industry experts maintaining a positive outlook on potential approvals.