Will Bitcoin (BTC) Price Soar to $38K? Popular Analyst Chips In

: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000.: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI models like ChatGPT highlight these factors.

However, there is a slight chance that BTC retraces to approximately $31,000 if it plunges below the depicted resistance level, they added.the major factors that could propel a bull run for the asset in the near future. Such elements include the SEC’s possible nod on aspot BTC ETF in the States, the upcoming halving, mass adoption, and interest from institutional investors.

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