Bitcoin price could go way up, even up to $35,000. This forecast is associated with the active development of ETF exchange-traded funds.
Well-known investors, in particular, Ari Paul, who is the co-founder of the BlockTower cryptocurrency fund, note that the next medium-term BTC rally is likely to be triggered by the arrival of institutional investors and this may happen by the end of this year.
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It's definitely a possibility but based on my long-term count, I think there is still room for significant downward movement before the bottom is in.