Posted 10/24/2023, 8:36:00 PM
Bitcoin Surges Past $35k on Growing Momentum and Optimism Around Spot ETF Approval
- Bitcoin breaks out of trading range, hits 2023 high near $35k as momentum builds
- BTC eyes next major resistance at $47k-$48k; analysts say pullbacks should be bought
- Breakout follows increasing optimism over spot Bitcoin ETF approval and institutional inflows
- Double-digit gains seen across altcoin market, with Mina up 50% and Conflux gaining 38%
- Analysts caution against overexposure with yields still inverted; recession risks remain
