TL;DR
- Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000.
- Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000.
- Key Factors for Bull Run: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI models like ChatGPT highlight these factors.
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