BTC will be bottomed out when Hands changing process finishes from GrayScale to other ETFs.
Currently there is still a huge load in GrayScale.
Reasons Why Bitcoin is Dumping after the historic spot ETF approval :
1 - There was a strong speculation leading towards the ETF approval, now it's approved people doesn't have anything to speculate on and many expected it to pump towards $55k after approval coz that didn't happen people are just taking profits or selling in disappointment.
2 - Bitcoin pumped from the Bottom of $15,400 to $49,000 with fomo elements of ETF so the correction
was naturally due and this might be sell thenews event for many who bought bitcoin earlier below $20k.
3 - Money is moving from Bitcoin to
ETH now. People are selling BTC and buying ETH coz they know ETH spot ETF is coming next and ETH haven't really pumped yet so they are moving to undervalued asset.
Positives people are missing :
1 - Bitcoin ETF in total did a $4.3 Billion In volume which is historical for any ETF in history.
2 - Now Bitcoin is available you all the Wall Street guy. So Over time trillions will flow into market
3 - Bitcoin ETF puts a trust in crypto.
My personal opinion - Bitcoin ETF will become more popular in Wall Street and we will see companies allocating billions to Bitcoin over time
#BTC - got rejected from $48,000 🙅♂️
Yesterday, we saw confirmation of what I've been repeating for last couple of months - while the ETF approval will cause market growth in mid term, in the short term, it will trigger a correction.
👉 Take a look at the chart - before the official announcement and start of trading, #BTC was steadily rising, approaching $48,000 again. Immediately after the announcement, we saw a decline.
As rumors were already factored into the price, the market anticipated the ETF launch in advance. Now, attention is shifting to the potential Ethereum ETF, creating new wave of hype. Until this news plays out, I expect a notable increase in interest in #ETH.
💁♂️ While I expect a continuation of #BTC rally, for the ETF launch to greatly impact the crypto cap, it takes time. The new product must gain recognition among traditional market participants. That's precisely why we see active marketing campaigns from ETF issuers.
This year you will see many people's tweets "I Wish I Bought #Bitcoin When It Was Cheaper"
Читать полностью…#BTC - setting new yearly high above $45,000 📈
After a slight pullback back into the ascending channel, #BTC received a strong boost from buyers, already broken strong resistance at $44,500 on a high volume profile.
The main growth driver is the renewed hype for ETFs. Companies have already started advertising new funds, secured initial capital for trading operations, Mike Novogratz is fueling interest on his Twitter.
👨🏫 I've discussed the long-term consequences of launching #BTC ETFs in previous posts. Today, let's look at the short-term effects:
- Approval of the spot Bitcoin ETF will likely happen this month.
- A pump and a trap for bears selling on the news.
- After the initial impulse, a strong dump will follow to trap bulls.
- New impulse and start of a real bull market.
💡 "Buy the rumors, sell the news" - this exactly describes the current situation. So, during the launch pump, I'll be selling my speculative #BTC and start buying it back on the dump.
#ETH/#BTC - concluded seven consecutive weeks of trading within a descending range, retesting a solid support since May 2021.
📈 Having gathered the necessary volumes, buyers broke the descending channel with a strong impulse and have already secured above its boundaries. Technical indicators are still in a neutral zone (RSI = 56.177, ADX = 25.760), indicating more room for growth.
We also see a substantial pullback in L1 tokens, coupled with positive dynamics in the top-20 market. As we approach a bullish rally, buyer interest is once again shifting towards fundamentals.
👨🎓 The trend reversal, prolonged accumulation, and bullish cross on the weekly indicate the upper Fibonacci levels should start getting filled one by one and eventually hit 0.077 in the #ETH/#BTC pair.
Countdown alert!
Just 14 days left until the potential green light for a Bitcoin ETF.
Brace yourselves for a potential game-changer in the crypto sphere!
Will this be the gateway to a new era of digital finance?
#𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙋𝙧𝙞𝙘𝙚 𝙤𝙣 𝘾𝙝𝙧𝙞𝙨𝙩𝙢𝙖𝙨 𝘿𝙖𝙮:
2010: $0.25
2011: $4.22
2012: $13.35
2013: $690
2014: $318
2015: $455
2016: $895
2017: $13,983
2018: $3,779
2019: $7,193
2020: $24,705
2021: $50,440
2022: $16,828
2023: $43,146
Mark your calendars! #Ethereum
The final deadline for the Spot #Ethereum ETF is only 4 months away!
This could be the game-changer for $ETH mainstream adoption and institutional money.
Start planning ahead!
Exciting times for #ETH in 2024.
JUST IN: VanEck files registration of securities with SEC for its spot Bitcoin ETF.
Читать полностью…2023 became a Life-Changing point for my followers!
But, 2024 is going to be one of the most HUGE years in the history of Web3!
I hope that everyone is ready to earn enough money during these 366 days to secure the future!
I will be with you every step of the way, accompanying on this exciting journey!
Together, we'll make 2024 THE BEST YEAR THAT HAS EVER EXISTED!
Happy New Year, My Dear Degens! 🫶🎉🥳
BNB
It should reach $300-330 next. Then I will look for bearish signs on ltf in order to start building the short position again.
Now you're seeing $BTC cool off and altcoins pamping off the $440 billion support level.
Which altcoins should we pay attention? L2s, zKs, LSDs and anything related to ETH.
L2s = $ARB $MATIC $OP $METIS $MTRG
zKs = $DUSK $MINA $LRC $SYS $FRA $SUTER
ARB coins = $GMX $RDNT $GRAIL $VELA $GNS $MAGIC $DPX
OP coins = $VELO $SYN $SNX $PERP
LSDs = $FIS $PENDLE $SSV $LDO $CHESS
Like and comment if you want to see more like this. 🔥
#Web3 gaming will be one of the biggest narratives in the upcoming bull market. We need to find those new shiny tokens that will potentially become the next Axie Infinity.
@SeedifyFund will help us to invest in top-notch gaming tokens by participating in their IDOs via staking their token $SFUND. Don't worry they are risk-free since they have a 100% refund option.
Seedify was the best launchpad for gaming projects in the last bull run. They are still developing throughout the bear market and is currently the launchpad with the highest ROI.
Check them out fam and let me know what you think!