Summary
Bitcoin’s price has been rising for seven consecutive months, reaching nearly $71,300 in March. Demand for spot bitcoin ETFs has been a main driver of this streak. However, investors taking profits could disrupt this trend, with some predicting a possible downward trend in April or the following months. Despite this, some experts remain bullish and anticipate bitcoin reaching six figures by the end of the year.
Key Points
1. Bitcoin’s price has increased for seven consecutive months, reaching roughly $71,300 in March.
2. The demand for spot bitcoin ETFs has been a key driver of the price increase.
3. Despite some profit-taking and price dips leading up to the halving event, experts remain bullish on bitcoin’s potential to reach six figures by the end of the year.