Bittime - An analyst from the well-known bank, Standard Chartered, predicts that the price of Bitcoin will rise significantly and has the potential to break its highest record so far. Geoff Kendrick, head of digital asset research at Standard Chartered, estimates that the price of Bitcoin could exceed $73,798 (around Rp. 1.1 billion) this weekend.
Why are the predictions optimistic? Kendrick believes official approval for an Ethereum (another crypto asset) based financial product called “spot ether ETF” will soon be issued by the SEC (the United States financial regulatory body).
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According to him, this will increase confidence in investment in the crypto world. Kendrick is even "80% to 90% confident" that the SEC will approve a spot ether ETF this week.
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Furthermore, positive sentiment regarding the possibility of approval for the spot ether ETF has made Kendrick even more confident about his price target for Bitcoin, namely $150,000 (around Rp. 2.2 billion) by the end of 2024.
Additionally, Bitcoin just recorded a price of $70,580 yesterday. However, this crypto asset was unable to reach the resistance level at $72,000 and was finally corrected to $69,000. Currently, BTC is trading at $69,507.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR. To be able to buy BTC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Bitcoin Correction: Bitcoin Price Approaching Crucial Level?
Introducing Bitcoin Diploma: Opening Access to Bitcoin Education
Bitcoin Dogs: How Bitcoin is Transforming the GameFi and NFT Industry
Bitcoin Shoots to $66,000: Hong Kong Approves Bitcoin Spot ETF
AHR999 Bitcoin Indicator: Long Term Investment Signal for Bitcoin?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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