What’s Happening to the Price of Bitcoin?!

In case you haven’t heard, the price of Bitcoin is soaring right now!

Bitcoin broke past the US$53k mark and even reached US$63.91k (AUD$98.23k) at one point.  Had it continued to climb just another 5% it would have broken past the previous all-time high.

This. Is. Huge.

It’s the first time in Bitcoin’s history that the price has risen so much before the halving. In fact, it’s the biggest monthly gain in more than three years.

We’ve been speculating that this would happen, and here it is.

As we’ve mentioned before, the Bitcoin ETF approvals in January opened the flood gates and allowed big institutions to enter the crypto space. We’re beginning to see the results of that investment pouring in.

Analysts were expecting Bitcoin inflows to slow down, but it’s quite the contrary. In fact, on the last reported trading day the volume reached record heights. A Senior Analyst for Bloomberg recently posted this chart on Twitter/X which describes the daily volume for the Bitcoin spot ETF’s.

With all this news, many people are asking ‘Is it too late? Has the run already happened?’

The answer is absolutely not. We still have many bullish factors to play out, including the Bitcoin halving event coming up in April and several other key events such as the Ethereum ETF approvals in May.

So whilst it’s certainly not too late to get your positions in, we do strongly urge you to get motivated and take action now to make sure you are prepared for the upcoming bull market. All of these signals are telling us it’s very close.

Remember, corrections are normal during this time, we expect the price to drop and surge all the way up to the next all time high.

But one thing’s for sure, we’re in for a very exciting time.