Will Bitcoin (BTC) price rise to $38,000? Famous analyst Chips Inc

TL; DR

Bullish BTC Forecast: Josh Olszewicz predicts that Bitcoin could reach $38,000 per year based on a chart, placing BTC in a bullish zone between $33,500 and $35,000. Potential price correction: If Bitcoin falls below the current resistance, it could return to around $31,000. Key Factors for the Bull Run: The main drivers for the Bitcoin bull run include the SEC's potential approval of the BTC ETF, the upcoming halving, increasing adoption and institutional interest. Even AI models like ChatGPT highlight these things.

With the potential hype of a Bitcoin ETF spot in the US building, some cryptocurrency analysts have placed bullish predictions on the asset's future price.

Famous X (Twitter) user Josh Olszewicz recently proposed that The major digital currency is set to climb to $38,000 before the end of the year.

They based the forecast on a chart that indicated the property was in the bulk zone between $33,500 and $35,000. “In the flag, we have evidence for A&E and IHS&S,” Josh Olszewicz surmised.

However, if BTC falls below the stated resistance level, there is little chance of a return to around $31,000, they added.

Many experts and the AI-powered language model – ChatGPT – recently pointed out the main factors that could drive a bull run for the asset in the near future. Such elements include the possible state BTC ETF by the SEC, the upcoming halving, mass adoption and interest from institutional investors.

Those who are willing to delve deeper into the matter can check out these five BTC price predictions from experts, as some may be considered too shocking.