Similarly, the CEO of Bitwise Asset Management anticipates Bitcoin's price to reach $250,000 sooner than expected, predicting Bitcoin's encroachment into gold's market share to be faster than anticipated. His analysis, using the Ichimoku Cloud, revealed that Bitcoin might still be navigating through potential market uncertainties, despite surpassing the $64,000 resistance level. Notably, massive jump in the bitcoin prices was the upshot of US markets regulator Securities and Exchange Commission (Sebi’s counterpart in America) giving a green signal to the spot bitcoin ETFs. “This can’t be a bear market,” Johanning explained. “These elements underscore a fundamental bias crucial for assuming that the current drop is part of a broader bull market trend. Therefore, Bitcoin will eventually find a local bottom and ascend higher.” https://nostatoken.com/