Matrixport’s Bold Forecast: Bitcoin Set to Hit $56,000 Upon BlackRock ETF Approval

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While maintaining the $30,000 mark is proving challenging for Bitcoin, there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US.So far, the US Securities and Exchange Commission has declined to grant approval for a spot Bitcoin ETF despite numerous applications.

The crypto financial services platform’s latest analysis suggests that if BlackRock’s spot Bitcoin ETF is approved, the asset could experience a significant price surge.

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