Bitcoin price rallies above $65,000 as fears over German government selling BTC and Mt. Gox moving $6 billion worth of coins diminish. Market analysts predict a 'massive rally' as spot buying on Coinbase Pro increases and inflows into Bitcoin investment products continue.
The Coinbase Premium Index turns positive, indicating further price growth. Bitwise Senior investment strategist highlights strong institutional demand for BTC.
Despite volatility and potential dips, experts forecast Bitcoin reaching new highs, with targets set at $150,000 by year-end and $1 million by 2033. The recent market dynamics and increased institutional investments contribute to Bitcoin's upward trajectory.
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