Bitcoin Price Prediction: As the total crypto market cap reaches $1.5 trillion, investors are wondering if Bitcoin will reach $40,000 next. Bitcoin is currently trading at $38,765 and has seen a 2% increase on Saturday. The cryptocurrency market is optimistic in December, with Bitcoin nearing a 19-month high. Additionally, President Petro of Colombia has received Bitcoin as the country explores cryptocurrency adoption. The rise in Bitcoin's price has also led to a surge in cryptocurrency miners' stocks. Despite potential regulatory challenges, the overall market sentiment remains positive, and there is anticipation for the approval of a spot ETF for Bitcoin. Mike Novogratz, CEO of Galaxy Digital, predicts a bullish future for Bitcoin, especially if spot ETFs are approved. The current price action for Bitcoin shows moderate movement upwards with resistance and support levels to watch.
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