PANews July 20 news, according to Decrypt, research firm Cooper Research released a report stating that as a large influx of investor funds flows into Bitcoin exchange-traded funds, the rise in Bitcoin prices seems inevitable. Data shows that for every increase of 10,000 BTC in ETF holdings, the average Bitcoin price can rise by 1.8%. Analysts point out that based on a series of data indicators, Bitcoin seems ready for another significant rise. The leverage-driven market frenzy is gradually dissipating, and the price trend of Bitcoin may follow a more moderate path, with expectations of reaching $140,000 in September and potentially rising to $150,000 as early as the beginning of October.
