Will Bitcoin Bounce Back Despite ETF Issues and Altcoin Gains? 🔥
Despite challenges with spot BTC ETFs, Bitcoin showed resilience, rebounding to $43,100 after a sell-off #post-ETF approval.
Previous attempts to breach $50,000 failed, hinting at buyer hesitation. Recent volatility around $43,000 suggests ongoing market uncertainty.
Grayscale Bitcoin Trust (#GBTC ) selling influenced the recovery, with some traders buying the dip. Analysts differ on short-term prospects, ranging from potential retracement to $38,000 to an uptrend toward mid-$50s.
#Bitcoin 's dominance declined from 54.56% to 49.82%, driven by Ether's gains, possibly indicating a shift to altcoins. Altcoins, especially Ether, might lead a rally as an Ether ETF looms, marking a potential altcoin season.
