Bitcoin (BTC) has shown its strength in the cryptocurrency market. Its recent price rise has caused the price of top altcoins to rise. Every BTC price prediction shows why Bitcoin is the best crypto investment. Similarly, VC Spectra (SPCT) impressed investors with its potential, resulting in massive demand, making it the top traded crypto coin.
Can Bitcoin (BTC) sustain its rally to hit its $38k target, or will VC Spectra (SPCT) outdo it?
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Summary
- Can Bitcoin (BTC) price catalysts help it get to $38,000?
- VC Spectra (SPCT) surges 725% amidst high demand in ongoing public presale.
Can These Bitcoin Catalysts Help It Maintain Price Rally?
The upcoming Bitcoin (BTC) halving event scheduled for April 2024 and the anticipated approval of Bitcoin spot ETFs are the main catalysts of the Bitcoin (BTC) price rise. On November 9, Bloomberg crypto market analysts suggested there was a window up to November 17 for the SEC to approve BTC spot ETFs. Consequently, the BTC price spiked 3% from $35,633 to $36,702.
After a long period of dormancy and bearishness, Bitcoin (BTC) started an uptrend in Q4. Bitcoin (BTC) gained 28% as its price moved from $26,967 to $34,500 in October. The price continued to rise, boosted by the Grayscale lawsuit result against the SEC after it refused to allow it to change one of its existing funds to a Bitcoin spot ETF. Therefore, from November 1 to 11, Bitcoin (BTC) maintained its uptrend, gaining 8% from $34,657 to $37,310.
As Bitcoin (BTC) continued its rally, analysts made a BTC price prediction it would reach $38k. However, the rally reached its peak and started a Bitcoin drop. On November 15, Bitcoin (BTC) exchanged hands at $36,042, a 4% fall from an 18-month high of $37,407 four days before.
As a result of the Bitcoin drop, there was significant liquidation of long positions in the derivatives network. Despite the drop, market analysts still rate Bitcoin (BTC) bullish. They expect a price correction at $35,000, after which they give a BTC price prediction of $38,000 before the year ends.
VC Spectra (SPCT) Price Surges 725% Amidst High Investor Demand
VC Spectra (SPCT) is a decentralized hedge fund pooling funds from investors worldwide to enable investment in the tech and web3 industries. Furthermore, VC Spectra (SPCT) utilizes AI to pick profitable assets, while its finance team uses systematic and algorithmic trading strategies to ensure it returns a favorable profit at minimal risk.
VC Spectra (SPCT) investors purchase its native currency, SPCT, a digital token that enables voting and facilitates seamless transactions on the Spectra platform. Additionally, the VC Spectra (SPCT) coin ensures holders get access to new ICOs and their quarterly dividends and profit buybacks.
To buy the tokens, the VC Spectra (SPCT) multi-stage public presale is underway and in the fourth presale stage, with SPCT available at $0.066. The price represents a 725% surge from $0.008, the initial price for investors who bought at stage one.
Investors buying VC Spectra (SPCT) in stage four can make similar or higher profits due to the current price trajectory. Projections from the VC Spectra (SPCT) whitepaper showed its price at the final presale stage as $0.08. Based on the current price and ongoing demand, the price may be higher.
Additionally, buying VC Spectra (SPCT) now delivers a momentous bonus.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
Source: https://www.cryptopolitan.com/market-update-bitcoin-targets-38k-vc-spectra-steals-the-spotlight-in-todays-trading-session/