For the past two weeks, we've been closely watching an interesting market. As of the time I'm writing this post, Bitcoin has crossed the $34,000 mark, which is the highest it has been in the last four months. People are eagerly anticipating Bitcoin's next move. The big question is whether Bitcoin will continue to rise or if the market will experience another downturn. Let's discuss these matters in today's post.

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Currently, we can see that Bitcoin is waiting for some good news. We all know that the approval of a Bitcoin ETF (Exchange-Traded Fund) by the SEC (U.S. Securities and Exchange Commission) might happen soon. If this occurs, we might witness Bitcoin easily reaching $40,000 because many large companies will invest in Bitcoin once the ETF is approved.

The next significant news we should be looking out for is the grayscale scale issue. A few days ago, when it received unexpectedly positive results, Bitcoin's price surged. If grayscale's other matters also result favorably, Bitcoin will likely pump further.

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If we see Bitcoin hitting $30,000 three or four times this week and not finding strong support, it might come back down to $29,000. However, last night, on the 23rd, Bitcoin reached $30,000 and stayed there, which is a good sign.

At the moment, if no significant news, good or bad, arrives regarding Bitcoin, it will probably continue to pump. And if some bad news comes in, Bitcoin might experience a downturn. In 2024, Bitcoin will undergo a halving event, and traditionally, Bitcoin's price decreases significantly before halving. The same thing happened in 2021. However, this time, there might not be as much of a decrease in price. The value of Bitcoin may remain relatively stable. By April 2024, when the halving occurs, Bitcoin's price could reach $100,000.

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So, in my opinion, Bitcoin might continue to rise for a few more days, then possibly see a slight dip. However, this dip won't be as substantial, and Bitcoin will likely remain stable until the halving event in April 2024. That's it for today's post. Thank you, everyone.

If you need any more information or have any questions, feel free to ask.