Posted 12/19/2023, 10:32:53 AM
Bitcoin Price Climbs Toward $45K on BlackRock ETF Progress, On-Chain Signals
- Bitcoin price resumed climb towards likely $45,000 target amid positive Spot Bitcoin ETF developments like BlackRock's filing.
- BlackRock filed amendment to registration statement required by SEC ahead of new product offerings like Spot Bitcoin ETF.
- Bitcoin traders showed signs of fear according to on-chain analysts, aiding price recovery early in the week.
- Analysts observed Bitcoin flowing from smaller to larger wallets, driving price increase to $43,200.
- Technical analysis shows Bitcoin price eyes $45,000 target, with key resistance at $44,730-$45,369 range.