The global digital assets market has recorded a slight boost in the last week as market leader Bitcoin surged by 3.4% to touch above the $39,800 price mark. As bullish sentiments continue to rise, popular industry experts now highlighted the chance of BTC ETF applications approval in the coming weeks.
According to some experts, the BTC's past history around its halvings gives a timeline on when to expect the next Bitcoin price milestone. Bitcoin’s current fundamentals point to a bullish run in the next few months. Although the next Bitcoin halving could contribute to scarcity and drive up the amount of BTC in circulation, we could well see BTC’s price reach a new milestone even before the next halving.
BTC has recorded its best monthly gain in the last 19 months since May 2022. The cryptocurrency was trading above $38.5k up by 125% in the past 12 months. The first hurdle would be to break over the anticipated $40,000 price level before the end of the year.
As of now, at the time of writing this article, BTC is trading at around $39,750 (up by 2.5% in the last 24 hours) with a market capitalization of $775 Billion.