Galaxy Digital Forecasts BTC Will Keep Growing After Surpassing $36K

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Galaxy Digital predicts that for Bitcoin to enter a new bullish cycle, it must surpass the resistance level of $36,000.

The market sentiment for BTC has improved since it surpassed $35,000, and hedge funds are confident in further growth if it can break through the recently formed resistance zone between $35,750 and $36,000.

According to analyst Alex Thorne, if the options market sees a breakthrough, more bullish Call contracts will be purchased, which could cause volatility on spot exchanges and potentially drive up the cryptocurrency’s value.

It was recently announced that some major market makers are prepared to improve the liquidity of Bitcoin ETFs if they appear on the American stock market, particularly BlackRock’s Bitcoin ETF.