BTC Predicted To Break $45K In Early 2024?

<p>&nbsp;"2024 will arrive soon, but now where is the price going because even at the beginning of the week it has risen high."</p><p><br /></p><p>Discussions about the approval of a spot Bitcoin (BTC) ETF are heating up among cryptocurrency investors, so the question now is can the digital asset reach $45,000 in early 2024?</p><p><br /></p><p>This is because the price of BTC has managed to break through $30,000 in just 30 minutes right after there was a false report that said the spot BTC ETF had been approved by the Securities and Exchange Commission (SEC).</p><p><br /></p><p>There is no denying that crypto is capable of standing on its own in terms of mainstream appeal and recognition, but its price is capable of heading into a different phase amid a shift in the digital asset market this year.</p><p><br /></p><p><br /></p><p>However, the price of BTC could reach $45,000 at the beginning of 2024 if the expectations of Mike Novogratz, Coinbase and JP Morgan come true, where they see a spot BTC ETF to be approved in 2023.</p><p><br /></p><p>Through observation, BTC ETF's spot approval is one of the important factors that can push the price past $30,000, but it should be noted that the digital asset may perform short-term volatility movements first before going up.</p><p><br /></p><p>Therefore, investors need to keep an eye on the $30,000 resistance zone as it is very important to determine if BTC can break through $31,000 which could give the price a chance to climb higher if it can break through that level.</p><p><br /></p><p>According to CoinCodex's forecast, the price of BTC could reach $36,753 by the end of October 2023 and then continue its rise up to $40,000 if the spot BTC ETF is approved in the near future.</p><p><br /></p><p>As of this writing, BTC price has surged by 1.25% to $30,317 in the last 24 hours with a market cap of $591 billion and is up 11.45% over the last week.</p>