Bitcoin To Reach $35k – Here’s BTC’s Timeline

Bitcoin will see massive rallies soon, according to the latest predictions that are coming to the crypto space.  Check out the latest reports about the coin’s price below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $23,797.

A popular crypto analyst says recent regulatory concerns from the U.S. Securities and Exchange Commission (SEC) will only strengthen the crypto ecosystem.

Crypto analyst Michaël van de Poppe said not too long ago that the SEC’s recent crackdowns represent a huge hit on crypto, but traders should trade Bitcoin (BTC) based on price, not context.

“The SEC regulatory discussions are something to keep an eye on.

However, the ecosystem will only become stronger out of this entire thing.

We’ve just had the largest attack on crypto in 2022 and since FTX price rallied more than 40% for Bitcoin.

Erase context, trade price.”

Focusing specifically on king crypto Bitcoin, Van de Poppe expects some minor dips for BTC before it takes off.

“So far, so good.

If you’d want to get an entry, then you’d be looking at a case at $22,300 for longs.

I think we’ll continue the upward trend from here.

Hence, buying the dips. Also on Bitcoin.”

The online publication Blockworks notes the fact that according to data from Chainalysis, BTC’s total flows recorded its highest one-day increase in over 70 days, surging from 85,800 BTC to around 139,400 BTC.

It’s also been revealed the fact that the data from crypto intelligence firm IntoTheBlock show, of roughly 29.2 million wallet addresses holding the asset, around 66% are in the money. Just 22% of those addresses are posting losses.

“A majority bought in at an average of $18,800 — good for an increase of around 30% to bitcoin’s current floor,” according to the same online publication.