Bitcoin Faces Pivotal $28,800 Resistance Level As Traders Eye Pre-Halving Rally

Bitcoin needs to break past resistance at $28,800 to trigger a rally to $32,000.

Two potential catalysts could cause a Bitcoin breakout an ETF approval and the upcoming halving in 2024.

If Bitcoin breaks $28,800, trader Michaël van de Poppe predicts it will hit $32,000, correct to $29,000, then rally to $45,000-$48,000.

The odds are high that Bitcoin will flip $28,600-$28,800 into support within 1-2 weeks, according to van de Poppe.

The pre-halving rally could start as soon as December, pushing Bitcoin to $45,000-$48,000.