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Bitcoin (BTC) ends 21-month longing: $45,000 surpassed!
With the deadline for ETFs approaching and rumors about Tesla sending Bitcoin (BTC) flying, bringing an 8% increase.
Making a solid start to 2024, Bitcoin (BTC**)** recorded an increase of 8 percent with the effect of critical global news. The U.S. Securities and Exchange Commission (SEC), which will announce its decision on ETFs planned to be issued in partnership with ARK Invest and 21 Shares by January 10, continues to push the crypto industry up. In addition to these, various rumors about Elon Musk and Tesla have started to give positive signals for BTC.
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Last trading at $45,000 in April 2022, has Bitcoin (BTC) started to make its way to new highs?
Developments about Elon Musk and Tesla appeared out of nowhere!
Electric vehicle manufacturer Tesla and X owner Elon Musk have started to stir up the crypto industry again. Tesla, the company of the famous businessman, who came up with a positive development this time, fell like a bombshell on the agenda with rumors that it would accept BTC as a means of payment again.
Musk, who has been actively selling vehicles with Tesla's BTC if Bitcoin mining is done with more than 50 percent renewable energy in recent weeks, has not yet realized his rhetoric. However, the fact that the crypto industry has come a long way with ETFs has increased the pressure on Musk and his companies.
It's been a challenge: Buyers are willing!
The BTC, which recovered from the impact of the news and made an upward attack from $40,500, reached $45,516. The pioneer of cryptocurrencies, which has increased by 8% in the last 24 hours alone, has brought a spring mood to the market. In particular, with fundamental analysis support behind it, BTC will want to test $47,200 and $48,160 if it sits above $45,712. With the volume breakdown of $48,160, it is highly likely that we will observe the $50,000 level.
As long as the news effect, which is one of the cornerstones of the industry, continues in this way for BTC, we can witness new heights. The fact that ETFs are very likely to be approved, the days left for the halving and the gradual end of the tightening policy will continue to push the BTC up.