TL;DR

• Bitcoin’s 2023 Surge: Bitcoin has risen over 130% this year, with upcoming factors including the December 13 FOMC meeting and the December 12 US inflation rate announcement potentially influencing further price movements.
• Interest Rate Impact: The Federal Reserve’s upcoming decision on interest rates, which might remain stable or decrease, is expected to affect Bitcoin’s value. Lower interest rates could encourage investment in BTC.
• Spot BTC ETF Prospects: The potential approval of a spot Bitcoin ETF in the USA, especially by firms like BlackRock with a strong ETF approval track record, could significantly boost Bitcoin’s price.

Is BTC Gearing up for a Final Sprint?

It is safe to say that 2023 has so far been a highly successful year for Bitcoin. Its price jumped by over 130% since January 1st. The question remains, however, if it can continue its bull run in December.

Several pending developments might influence BTC’s performance, with three factors standing out in terms of importance. 

The first is the next Federal Open Market Committee (FOMC) meeting scheduled for December 13, where America’s central bank will review its anti-inflationary policy. Most experts forecast the Federal Reserve to keep the interest rates unchanged. However, there is still a chance that the institution might decide to lower the percentage.

Recall that previous announcements coming from the Fed on that matter have affected the price of Bitcoin (BTC). The asset dropped below $30K this summer when the entity lifted interest rates by 25 basis points.

On the other hand, low interest rates could encourage borrowing and investing. It might also stimulate people to shift their focus to more v