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Bitcoin (BTC) Hits A New ATH at $66,600. What's Next for Bitcoin?

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@rtonline
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The price of Bitcoin (BTC) reached an all-time high of $66,600 today after the start of Bitcoin futures ETF trading yesterday. The ProShares Bitcoin ETF attracted a lot of attention from investors and was the 2nd most traded among Fidelity clients on the first trading day. Today, Bitcoin hit a new ATH with great success and showed that it is stronger than before.

Bitcoin is currently trading at $66,492. Bitcoin, which started an incredible upward trend in the fourth quarter of the year, continues to rise without slowing down. Bitcoin has been a huge success, up around 55% in October alone. It also signals that it will move higher.

Bitcoin, with its rapid rise in recent times, has enabled institutional and individual investors to make huge profits. In addition, the shares of companies that have a relationship with Bitcoin are rising rapidly. Shares of crypto exchange Coinbase (COIN), for example, were trading at $247 last week, currently trading at $312, up nearly 26% in a week. Shares of payments company Square, Inc (SQ) rose 6% to $257. Of course, not only that, but many stocks related to Bitcoin are rising rapidly.

In short, almost all of the institutional and individual investors investing in Bitcoin and the institutional companies that have a relationship with Bitcoin currently make significant profits. In addition, although it is not a pure Bitcoin ETF that the crypto market expects, the ProShares Bitcoin Futures ETF is increasing the interest of institutional investors.

Bitcoin signals that it can move higher according to the current data. If there is no negativity in the crypto markets, I think that it will continue to rise towards $ 80,000 and also that it can achieve this in the short term. I also think it will exceed $100,000 this year. At the moment, everything is progressing positively on the Bitcoin side, which shows that it can even go higher. In short, those who invest in Bitcoin are very happy right now, and those who patiently hold their assets are currently enjoying their profits.

Posted Using LeoFinance Beta