I also previously did not have more expectations at the end of the year, that reaching $ 35k alone was enough for Bitcoin to show its strength, but they asked for more and maybe we would get a price of more than $ 40K at the end of this year.
$37,926.26
So it almost touch $38k in the last 24 hours and so far we really don't know what drove the investors to pour their money again and I doubt that it is about ETF. Or maybe they are just fattening their wallet in preparation for a bull run.
But this march of increased adoption I think from another point of view about this significant growth in November because of the continued heated discussion in many media about the bitcoin halving which made bitcoin experience high popularity so that it gets the attention of investors, and also bitcoin became the best asset again during this year with more than 100%, from the price as of January.
It is possible that the holders of financial exchanges continue to buy bitcoin, if you look at the ETF itself, then the exchange that trades it they must have bitcoin, and most likely these asset managers are buying slowly bitcoin before the price is higher.IMO
We cant really deny nor not that blind not to see those kind of catalyst on which it did make that trigger but well not all that it is happening is determined with that news yet it could really be moving out
completely without having any sentiments such as this. Tons had been anticipating that the price might really be that going sideways for a while but it turns out that
the price had made some breakout on which we didnt really expect for it to happen. What causes up for shoot up more? No one really knows but rest assured, we arent still on a bull run yet.