Bitcoin is steadily rising, and this is the moment that many cryptocurrency investors are waiting for. The price has recently reached $35K, which is a good sign for additional growth, and the next aim is $40K. There are other news for this massive increase, such as Blackrock purchasing Bitcoin and preparing for EFT approval.

It should be noted that EFT has not yet approved the case of Blackrock, but has provided a positive indication that it is more likely to be approved. Following this signal, the price of Bitcoin continues to rise. Now the question is, where will the price be if BlackRock is approved by an ETF? This is undoubtedly positive news, and Bitcoin's price will rise again.

Another factor is that the Fed has paused interest rate hikes. Powell previously argued that interest rates are currently too high and that we cannot afford to raise them any further. since a result, this is some good news for the crypto sector, since FED points are more likely to fall, resulting in an increase in the price of #Bitcoin.

Another factor for the rise in Bitcoin price is the impending halving of Bitcoin. After 169 days, or around 5 months and some days, #BTC will be halved. We've all seen a good boost in the price of #Bitcoin after every halving. This is the reason Bitcoin halving that tends an increase in the price of Bitcoin.

Also, investors from all over the world are becoming tired of traditional markets and are flocking to the crypto sector. They are most likely investing in #bitcoin because they have realized that there is no other market with the potential that Crypto possesses. This is the market where you can double your money in a halving cycle (approximately 4 years).

We have been in the bear market in the crypto market for over 3-4 years now, which has exhausted every crypto investor. We, as crypto investors, are like a thirsty person who, when faced with a dearth of water, reacts accordingly. The same is true for cryptocurrency investors, where we have only witnessed a bad market and now everyone is thirsty for investing their money.

Crypto investors who have been waiting for four years to invest are finally making their choice. That is why I predicted that this bull run will be unlike previous bull runs. One of the reasons is that investors are bored of the bear market and are looking to invest blindly in favored coins.

We have exited a bearish cycle and are now virtually at the threshold of a bull market. It is evident that a bull run would never provide an opportunity for an investor to invest. The bull run is significantly faster than the bear run because investors who begin investing will continue to invest.

I believe that if Israel's war against Palestine and Russia's war against Ukraine end, there will be a massive price increase. You won't even see Bitcoin in two digits; rather, it will quickly surpass the price of $100,000. These two conflicts are the primary sources of anxiety for investors when it comes to investing.

Many of them are looking forward to conflict and wondering what would happen. They want to base their decision on the current state of the war. There is only one barrier to the bull run, and that is the armed conflict; otherwise, all of the signals for the bull run are evident, and we are seeing its beneficial influence.

Finally, I believe that the market will become even faster after the Blackrock ETF is approved. There is a lot of money waiting for this news, and it is possible that trillions of dollars may drive up the price of #Bitcoin in 2024. I believe the next decision will be made in early January 2024, which will determine the Bitcoin's future direction. The market is currently quite positive and bullish.

This is an attempt on my part to inform you about the current market position. I also examine numerous explanations for Bitcoin's price increase and the current positive trend. I hope you find this post educational and informative, and I hope you enjoy it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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