Bitcoin Jumps to $35K on Hopes for Spot ETF Approval, Analysts See Further Gains

Bitcoin prices surged to 18-month high of $35K amid hype for spot ETF approval.

Analysts compare to gold prices, which rose 300% in 8 years after first ETF listing in 2004.

Spot Bitcoin ETF could allow more institutional investment without direct wallet setup.

Some predict $50K Bitcoin price before next halving, new ATH by 2024, and over $120K eventually.

After crypto winter, Bitcoin bulls encouraged by this week's massive 14% daily gain to $35K.