Week 9 Bitcoin Price Forecast

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Bitcoin Price Forecast Week 9: Last week's Bitcoin resilience during the Coinbase and Binance lawsuits underscores its antifragile nature. Bitcoin attracted major attention in the wake of Federal Funds Rates and CPI figures released mid last week. Following a price retest at the base of its descending wedge, Bitcoin appears poised for a breakout with a $37K target. The biggest development from last week was BlackRock's intent to file for a Bitcoin Spot ETF with the SEC. As it stands, BlackRock has a 575-1 record of getting ETF’s approved with the SEC. Approval of this ETF will likely propel Bitcoin price to unprecedented levels as trillions of dollars from funds around the world pour into the space. The coming weeks should prove to be exciting!

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