CDS Crypto News Bitcoin ATH Could Be Coming Soon, According to Andrew Kang
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Bitcoin ATH Could Be Coming Soon, According to Andrew Kang

Andrew Kang believes there will be a Bitcoin ATH in the near future.

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Bitcoin ATH Could Be Coming Soon, According to Andrew Kang

Crypto News – In a post on X, Andrew Kang forecasted that a strong long-term demand flow of between $40 billion and $130 billion will propel the price of Bitcoin to a new All-Time High (ATH) in the upcoming weeks.

Bitcoin ATH Could Be Coming Soon, According to Andrew Kang

According to Kang, the price of Bitcoin will not stay below $40,000 for very long. He believes that it will rise to between $50,000 and $60,000 this month, and by March, it may reach a new All-Time High (ATH). He has analyzed the significant demand flows that are anticipated to infiltrate the Bitcoin market all year long, which has led to this bullish mood.

Net Inflows to ETFs on February 8 Support Kang

Kang draws attention to a common mistake made by cryptocurrency traders when he highlights the enormous global reservoir of money, income, and liquidity. He further claims that these resources might potentially seep into the cryptocurrency field. Kang starts with the average annual household income in the United States, which is $105,000, in order to provide some context for this.

Kang also expects demand to rise even more as a result of the recent approval of spot Bitcoin Exchange-Traded Funds (ETFs), possibly reaching daily inflows of $100–200 million or more in the subsequent months. A noteworthy example of the increasing interest in cryptocurrency investment vehicles among the general public is the spot Bitcoin ETF, which saw a net inflow of $403 million on February 8.

Bitcoin ATH Could Be Coming Soon, According to Andrew Kang
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lectertodd

Lectertodd is 25 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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