After briefly pushing past $35,000 towards the end of the U.S. trading day, before dropping back down, bitcoin is continuing its march back towards $35,000, up 12% as Asia opens.
“Bitcoin is in an ‘anti-gravity’ phase and could hit $75,000 in the coming months,” Woo Network’s Jack Tan said to CoinDesk in a note. “The sudden spike is just a preview of what will happen if ETFs actually get approved. A lot of this expected impact on the BTC price has already been priced in since the $25,000 level , as the GBTC discount had been narrowing to 16% as of last Friday’s close.”
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