Bitcoin could see $50,000 very soon, all thanks to a potential pre-halving rally and heavier interest in Bitcoin ETFs.
As noted by DailyHodl.com, “Historical data suggests that Bitcoin’s price action tends to go through five stages based on its halving, an event when the issuance of new BTC to miners is cut in half. With the next halving slated for April, Rekt Capital believes that Bitcoin is now transitioning from its pre-halving retrace to its pre-halving rally.”
“The approval of Bitcoin ETFs is bringing new capital into the market with constant buying orders every day which increases the demand for Bitcoin significantly,” reported Forbes.com, referring to the U.S. Securities and Exchange Commission’s recent decision to “green light” several applications for spot-based bitcoin ETFs.
That’s all great news for Bitcoin investors, and also for mining stocks, like Marathon Digital (MARA) and Riot Platforms (RIOT), which are surging higher. Remember, wherever Bitcoin goes, the mining stocks are sure to follow.
