{"id":183823,"date":"2023-10-30T21:51:11","date_gmt":"2023-10-30T16:21:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183823"},"modified":"2023-10-30T21:51:11","modified_gmt":"2023-10-30T16:21:11","slug":"will-bitcoin-btc-price-soar-to-38k-popular-analyst-chips-in-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-bitcoin-btc-price-soar-to-38k-popular-analyst-chips-in-crypto-news\/","title":{"rendered":"Will Bitcoin (BTC) Price Soar to $38K? Popular Analyst Chips In &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><strong>Bullish BTC Forecast<\/strong>: Josh Olszewicz predicts Bitcoin may reach $38,000 by year\u2019s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000.<\/li>\n<li><strong>Potential Price Retrace<\/strong>: If Bitcoin falls below the current resistance, it could retrace to around $31,000.<\/li>\n<li><strong>Key Factors for Bull Run<\/strong>: Major drivers for a potential Bitcoin bull run include the SEC\u2019s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI models like ChatGPT highlight these factors.<\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/10\/BTC-38k.jpg\" data-wpel-link=\"internal\"><\/a><\/span><\/p>\n<p>With the hype surrounding the possible approval of a spot Bitcoin ETF in America building, some cryptocurrency analysts have laid out bullish predictions on the asset\u2019s future price.<\/p>\n<p><span data-preserver-spaces=\"true\">The popular X (Twitter) user Josh Olszewicz recently\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/CarpeNoctom\/status\/1718664151835246978\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">suggested<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that the leading digital currency is poised for breakout towards $38,000 before the year\u2019s end.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">They based the forecast on a chart indicating that the asset is situated in a bullish zone between $33,500 and $35,000. \u201cInside the flag, we\u2019ve got evidence for A&amp;E and iH&amp;S, aka market refuses to break down,\u201d Josh Olszewicz assumed.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, there is a slight chance that BTC retraces to approximately $31,000 if it plunges below the depicted resistance level, they added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Numerous experts and even the AI-powered language model \u2013 ChatGPT \u2013 have recently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/we-asked-chatgpt-if-there-will-be-a-bitcoin-bull-market-in-2024\/\" data-wpel-link=\"internal\">pinpointed<\/a> the major factors that could propel a bull run for the asset in the near future. Such elements include the SEC\u2019s possible nod on aspot BTC ETF in the States, the upcoming halving, mass adoption, and interest from institutional investors.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Those willing to dive deeper into the matter can check these five BTC price predictions coming from experts, as some might be considered quite shocking:<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"These 5 Bitcoin Price Predictions Will SHOCK You (MUST WATCH)\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/3OR0TXKU81s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year\u2019s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000. Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000. Key Factors for Bull Run: Major drivers for a potential Bitcoin [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":183824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-183823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183823"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183823\/revisions"}],"predecessor-version":[{"id":183829,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183823\/revisions\/183829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183824"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}