The increase in the number of Bitcoins in ETF funds promises to drive Bitcoin's price up significantly in the near future.
Cooper Research's study indicates that every additional 10,000 BTC added to the ETF fund could help the price of Bitcoin increase by an average of 1.8%, signaling a more sustainable price increase rather than volatility caused by financial leverage.
MAIN CONTENT
A significant increase in BTC in ETFs drives Bitcoin's price higher.
The bubble caused by leverage is decreasing, and Bitcoin's price is entering a more stable trend.
The forecast for Bitcoin's price could reach $140,000 by September, rising to $150,000 by early October.
How do Bitcoin ETFs affect the price of Bitcoin?
According to reports from Cooper Research, there is a strong correlation between the amount of Bitcoin in ETFs and the actual price increase of Bitcoin, ensuring high professionalism and reliable data.
The amount of BTC stored in ETF funds has increased significantly, with every additional 10,000 Bitcoin potentially pushing the price up by an average of 1.8%. This reflects the increasingly strong cash flow from traditional investors into the cryptocurrency market, helping to reinforce sustainable price increases, different from the volatility phases caused by leverage in margin trading.
"The increase in the amount of Bitcoin in ETF funds not only reflects the growing interest of institutional investors but also strengthens the foundation for a long-term bullish trend, mitigating risks from speculative waves."
John Cooper, Director of Cooper Research, 2024
How is the current price trend of Bitcoin assessed?
Technical indicators and market reports show that Bitcoin's price is moving away from a period of high volatility caused by financial leverage, towards a more stable growth model, ensuring credibility and transparency in forecasts.
The market has gone through a dynamic phase as margin lending activities gradually decrease, helping Bitcoin's price avoid excessive fluctuations. Instead, Bitcoin's price tends to rise due to capital inflows into ETF products, aligning with the cautious and sustainable trends from large investors.
What is the forecast for Bitcoin's price in the coming months?
Financial experts predict Bitcoin could reach $140,000 by September and may hit $150,000 by early October, based on trading data analysis and accumulation trends in ETF funds.
These forecasts affirm the strengthening of confidence from institutional investors, while also relying on quantitative models that validate future Bitcoin price forecasts, providing investors with a clear view of growth potential.
"The influx of capital into Bitcoin ETFs is laying the groundwork for prices to rise to the $150,000 range in Q4, which is very optimistic for the long-term growth of the cryptocurrency market."
Sarah Kim, Cryptocurrency Analyst, July 2024
What factors drive Bitcoin ETFs to attract investors?
Bitcoin ETFs offer convenience and transparency for institutional investors, allowing them to pursue bullish prospects without directly owning or managing Bitcoin.
Legality, high liquidity, and effective risk management help ETFs become an attractive investment channel, contributing to reinforcing confidence and driving significant capital into the cryptocurrency market, laying the groundwork for long-term growth.
Frequently Asked Questions
What is a Bitcoin ETF?
Bitcoin ETFs are investment funds whose value is based on Bitcoin assets, allowing investors easy access without needing to directly purchase Bitcoin.
How does increasing the amount of Bitcoin in ETFs affect the price?
As the amount of Bitcoin in ETFs increases, Bitcoin's price often tends to rise accordingly, with an average of 10,000 BTC added helping the price increase by about 1.8%.
What are the reasons for the predicted increase in Bitcoin's price by the end of 2024?
A large influx of capital into ETF funds and the trend of reducing financial leverage help stabilize Bitcoin's price and aim for new highs.
What attracts institutional investors to Bitcoin ETFs?
Bitcoin ETFs provide safety, transparency, and ease of management, aligning with the investment policies of large institutions.
How high can Bitcoin's price reach in Q4 2024?
The forecast for Bitcoin's price could reach $150,000 by early Q4, based on in-depth market analysis and ETF cash flows.
Source: https://tintucbitcoin.com/bitcoin-etf-day-gia-btc-len-150000-usd/
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