Bitcoin Rises Past $44,000; Here Are Top Predictions As SHIB, LUNA, Gala, Aave Are Grabbed by Large Investors

Optimism across the cryptocurrency market rose on March 24 as several days of positive moves have helped lift Bitcoin (BTC) to highs of $44,240 and Ether bulls took control to pilot to highs of $3130.

At the time of publication, Ethereum Classic (ETC, +11.44%), Axie Infinity (AXS, +17.44%), Holo (HOT, +14.91%) are signed up in the last 24 hours.

Renewed optimism follows as Bloomberg Intelligence suggests that Spot bitcoin (BTC) exchange-traded funds (ETFs) could start to garner some approvals by mid-2023 given a proposed U.S. Securities and Exchange Commission (SEC) rule change that redefines exchanges.

Bloomberg Intelligence analysts James Seyffart and Eric Balchunas stated as regards this: “Once crypto exchanges are compliant, the SEC’s primary reason for denying spot Bitcoin ETFs would no longer be valid, likely clearing the way for approval”. The two expect the change to be concluded somewhere between November of this year and May of 2023.

Amid the positive cryptocurrency market action, whales or large investors are in a buoyant mood to buy some of their favorite cryptocurrencies. Blockchain data tracker, Whalestats reports a purchase of 200,588,182,473 SHIB ($4,944,498), 20,000 LUNA ($1,886,399), 9,298 AAVE ($1,588,311), 10,763,187 GALA ($2,722,795) done by top ETH whales in recent hours.

Bitcoin trades at $44,073 at press time.

Here Are the Predictions for a Few Top Cryptocurrencies

Speaking on what might come next for Bitcoin price, Cryptoanalyst, Lark Davis, says ”bitcoin currently showing a lower high, we need to crack over that top orange line and get a daily close above $45,500. If so then we could be ready for a new major bull phase”.

Another analyst, Credible Crypto speaking along these same lines says ”BTC looks great, consolidating, then pushing up again, and now testing 44k. We are now back to our major monthly resistance in the 44-47k region”.

Here are predictions for MATIC, LUNA, and Apecoin by Crypto analyst, Ali Martinez- 

Polygon: ”MATIC appears to form an Adam & Eve pattern on its 8-hour chart. A sustained close above $1.70 could send MATIC to $2.10”.

Terra: ”LUNA appears to be consolidating in a symmetrical triangle. A decisive close above $97.50 could send LUNA to $122.Prices must continue to trade above the $87.50 support level for the bullish outlook to prevail”.

ApeCoin : ”Time to APE?ApeCoin appears to have broken through the middle trendline of a parallel channel that developed on its 30mins chart. Further upward pressure could send APE to the pattern’s upper trendline at $14”.

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