Bitcoin Price Prediction: Expert Says BTC Coin Will Pump To $48K Soon While This Presale Might Explode When ETFs Are Approved

ByLockridge Okoth

Updated: 17 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Bitcoin price is down 3% over the past 24 hours to trade at $35,830 at 4 a.m. EST even as trading volume surged 30% over the same period.

Expert Says Bitcoin Price Will Hit $48,000

The co-founder of the trading suite DecenTrader, Filbfilb highlights that Bitcoin won’t revisit regions under $30,000 again, according to a CoinTelegraph report.

Filbfilb draws his conclusion from the fact that Bitcoin has overcome a wide range of barriers already, front-running the halving. The event is barely five months out, slated for April 2024. It is expected to begin the next bull run cycle. According to Filbfilb, the region below $50,000 could be a “reasonable” bullish target for BTC.

🤖Bitcoin News🤖

🔴#Bitcoin expert Filbfilb predicts a bullish target of $48,000 for BTC as it bounces back.

🔴With the halving event approaching, BTC shows strong signs of breaking the bear market. 📈 #BTCForecast #CryptoMarket #Halving2024 #A #blackrock #BTCETF #TRON… pic.twitter.com/tdAbue5QG1

— Tech&Tron Magazine (@TechandTron) November 14, 2023

Filbfilb’s optimism is not new, as he said the same in September when Bitcoin was sub-$26,000.

And the analyst still anticipates a delay in the approval of spot Bitcoin ETFs. “My view on the ETF remains the same,” the analyst said. “This is that it will continue to be delayed as long as possible, but a spot ETF is inevitable. The major players are not wasting their time, so it continues to be a matter of when. Given their position on market manipulation, I wouldn’t be surprised to see the approval intentionally come from left field.”

Bitcoin Price Outlook As Investors Front-Run Spot BTC ETFs

Despite a 5% slump in Bitcoin yesterday, the king of cryptocurrency continues to spur hope as it holds above the $34,483 support level. Nevertheless, it faces robust resistance from a supply barrier extending from $36,276 to $37,301.

The Relative Strength Index (RSI) is still above 50, and the Awesome Oscillator (AO) remains in positive territory. This shows the odds still favor the bulls.

Increased buying pressure could see Bitcoin price extend north to the supply zone from $36,276 to $37,301. A break and close below the midline of this order block at $36,788 would confirm the continuation of the move north.

In a highly bullish case, Bitcoin price could flip the supply zone into a bullish breaker as it heads to the $40,000 psychological level. In highly ambitious cases, the gains could extend to the forecasted $48,000 level or higher to tag the desirable $50,000 psychological level. Such a move would constitute a 55% climb above current levels.

Conversely, increasing seller momentum could plunge Bitcoin price south further, dropping below the $34,483 support level. To confirm a continuation of the downtrend, Bitcoin’s price must break and close below the midline of the bullish breaker at $30,835.

Meanwhile, investor appetite for Bitcoin is directing the smart fast-movers to BTCETF, one of the best five crypto presales to buy now, as it promises 10X growth potential.

Promising Alternative To Bitcoin

BTCETF is the native cryptocurrency for the Bitcoin ETF Token ecosystem, a project that rewards token holders ahead of Bitcoin ETF approvals.

What is the purpose of the $BTCETF #Token?

The #BitcoinETF token is an ERC-20 token that has been created to celebrate the expected arrival of #Bitcoin ETFs in the U.S. financial markets. pic.twitter.com/KUalGAFD5a

— BTCETF_Token (@BTCETF_Token) November 14, 2023

The token is selling for $0.0052, with presale sales now recording $638,921 out of the stage 2 target of $856,800. Notably, this stage ends tomorrow, meaning you have limited time to capitalize on the low prices before stage three brings another price hike. Check out our Bitcoin ETF Token Price Prediction.

Less than 48 hours remain for the conclusion of Stage 2 in the #BitcoinETF journey! ⌛️ The countdown is on! 🚀 pic.twitter.com/3m2gkDHMBZ

— BTCETF_Token (@BTCETF_Token) November 14, 2023

Visit the Bitcoin ETF Token website to buy BTCETF in the presale here.