Bitcoin Price Breaks $41,500 Level

Bitcoin has reached a 19-month high, and leading crypto analysts anticipate that it will continue to rise well into next year.

BTC Price After SEC Opens Spot Bitcoin ETF 

Over the past few months, there has been widespread anticipation within the digital asset industry regarding the potential launch of a Spot Bitcoin ETF.

Growing Interest of Institutions in Bitcoin

As seen by Microstrategy’s recent move, the company recently added more Bitcoins to its BTC bank, purchasing approximately 16,000 additional bitcoins.

Bitcoin Price Future Outlook

Talking about the current major supports and resistance, the token is currently facing heavy resistance at the price level of $42,500 and $43,000.

Conclusion

The rebound of the Bitcoin price reflects increased investor trust in digital assets, particularly in light of macroeconomic and financial sector events.