According to Bitcoin Price prediction, Bitcoin surged to a 19-month high above $48,000 following signals from the SEC's official account on X indicating potential approval of the bitcoin ETF.Optimism waned as the bitcoin price rapidly dropped by nearly 6.20%, settling at the $45,000 support level, signaling a compromise of the SEC's account.On the daily chart, bitcoin price initially broke a bullish ascending channel pattern but failed to sustain the breakout, reverting back into the pattern.Despite the setback, BTC Price found support around $45,000 and the 100 Hourly Moving Average, leading to a reversal in its direction.Subsequently, Bitcoin price entered a consolidation phase, awaiting further SEC decision.The future trajectory of BTC's price is contingent on the decision regarding the Bitcoin ETF, introducing uncertainty about whether it will ascend to $50,000 or descend to $40,000 levels.
KEY LEVELS :
RESISTANCE LEVEL : $47,000-$48,300
SUPPORT LEVEL : $44,700-$43,200
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1. Market Slowdown Post Bitcoin ETF Launch:
- The crypto market, excluding Ethereum, experiences a general slowdown following the lackluster launch of the Bitcoin ETF.
2. Ethereum Affiliated Tokens Defying Trends:
- Despite the market sluggishness, tokens associated with Ethereum, such as ENS, Avalanche, and Ethereum Classic, exhibit resilience and promise.
3. ENS Soars with Vitalik Buterin's Endorsement:
- ENS (Ethereum Name Service) records an impressive 183% surge in one month after receiving an endorsement from Vitalik Buterin, indicating potential for further growth beyond the $25 resistance.
4. Avalanche's Remarkable 120% Gain in a Year:
- Avalanche, another Ethereum-affiliated token, showcases a remarkable 120% gain over the last year and is currently setting sights on reaching the $75 mark.
5. Ethereum Classic Emerges as a Top Gainer:
- Ethereum Classic stands out as the second-largest gainer of the week, boasting a 43% increase and potentially aiming for a target of $37.

The cryptocurrency market is currently experiencing significant volatility, particularly noticeable in major players like Bitcoin and Ethereum, which have seen a decline in value over the past week. This dip follows the lackluster debut of spot Bitcoin ETFs in the United States, causing Bitcoin to drop from nearly $50,000 to around $42,000, and Ethereum from $2,700 to approximately $2,500.
Amidst this market turbulence, a distinctive class of cryptocurrencies is demonstrating resilience and potential for substantial price surges. Notably, Ethereum-affiliated tokens such as Avalanche, Ethereum Classic, and ENS are standing out.
ENS Token's Remarkable Surge:
ENS, previously battered during the 2022 crypto winter, experienced an 80% decline in the third quarter of 2023. However, recent developments, including Ethereum co-founder Vitalik Buterin's endorsement, have sparked a remarkable turnaround. ENS has surged by an impressive 183% in the last month, currently testing the $25 resistance. If this level is breached, a potential 53% rally to the $38 zone could be on the horizon.
Avalanche's Potential Rally to $75:
Avalanche, with a robust 120% gain over the last year, has been notably resilient in the face of recent market sluggishness. The announcement of the "Culture Catalyst" initiative, introducing memecoins, contributed to its positive momentum. Despite a recent 8.7% increase, Avalanche's true potential lies in breaking the $49 high. If successful, the next major resistance to watch is around $75, signaling a significant bullish trend.
Ethereum Classic's Strong Performance:
Ethereum Classic has shown remarkable strength, gaining 43% in the last week, making it the second-largest gainer according to CoinMarketCap. Despite a decline from $32, Ethereum Classic is displaying signs of a bullish rebound from its ascending trendline. If this pattern holds, the next resistance point is projected at $37, representing a potential 36% rally from current prices.
Disclaimer: While Voice of Crypto strives for accuracy, readers are urged to conduct their own research and exercise caution due to the highly volatile nature of cryptocurrencies. The information provided is for informational purposes only, and Voice of Crypto is not liable for any missing facts or inaccuracies. Financial decisions should be made independently, considering individual risk tolerance and market conditions.

#crypto2023 #cryptocurrency #BitcoinETFapproved #BitcoinETFs! #BitcoinETF
$BTC

#Write2Earn Spot Bitcoin ETFs saw the third-largest net inflow of $493.3 million amid massive demand. #BTC price breaks above $50,000STORY HIGHLIGHTSSpot Bitcoin #ETFs saw net inflow of $493.3 millionBlackRock (IBIT), Fidelity (FBTC), and Ark 21Shares Bitcoin ETF recorded the largest inflowsOutflows continues from GBTC and Invesco Galaxy #BitcoinETFs! Bitcoin price can hit $55K amid massive demandSpot Bitcoin ETFs saw another massive inflow of $493.3 million on Monday, the third-largest net inflow to date, as $BTC price breaks above $50,000. Experts believe BTC price rally will continue amid demand build-up from Bitcoin ETFs and derivatives traders.Spot Bitcoin ETF Saw $493.3 Million Net InflowThe new nine and Grayscale’s GBTC spot Bitcoin ETF started the week strongly with a $493.3 million net inflow on February 12, according to the latest Bitcoin ETF flow data.BlackRock (IBIT) recorded a record inflow of $374.7 million, with total inflow reaching over $4.126 billion. BlackRock Bitcoin ETF now has asset holdings worth $4.76 billion.Fidelity (FBTC) and Ark 21Shares (ARKB) Bitcoin ETF inflows were $151.9 million and $40 million, respectively. Bitwise (BITB), VanEck (HODL), and others also saw significant inflows. However, Invesco Galaxy Bitcoin ETF (BTCO) witnessed another outflow of $20.8 million.Moreover, GBTC saw a $95 million outflow, an increase from Friday’s 51.8 million outflow, but it is aligned with last week’s range.Thus, the net inflow for spot Bitcoin ETFs, excluding GBTC, was $589 million. The total inflows for BlackRock and Fidelity Wise Origin Bitcoin ETFs are $4.12 billion and $3.15 billion, respectively. The ETFs are buying 10k Bitcoin per day on top of the standard equilibrium and this is reflected in the price appreciation.Bitcoin Price OutlookBTC price rose beyond $50,000, with high odds of breaking $55,000, which corresponds with a notable flow into Bitcoin ETFs. Crypto Fear & Greed Index hit “extreme greed” with a value of 79, the highest since November 2021.Bitcoin ETF saw a net inflow of $542 million on Friday as investors FOMO the move towards all-time high. The demand from Bitcoin ETFs and derivatives traders continues to rise, but the supply from miners remains low. The paradigm shift in supply dynamics are causing institutional investors to be super bullish on Bitcoin.Bitcoin derivatives traders are even making call bets for as high as $70,000 for the month end. Experts believe new buyers may not get the opportunity to buy BTC under the $50K price if demand remains higher in pre-Bitcoin halving trades.#TrendingTopic

- Michael Saylor, the CEO of MicroStrategy, plans to sell $216 million of the company's stock.
- The intention behind this move is to further invest the proceeds into Bitcoin, continuing the company's trend under Saylor's guidance.
- MicroStrategy, led by Saylor, has emerged as one of the most prominent institutional holders of Bitcoin.
- The company presently possesses more than 189,000 Bitcoins, acquired at a total cost of $3.16 billion.
- Saylor's strategic bets on Bitcoin have yielded remarkable returns for MicroStrategy.
- In 2023 alone, MicroStrategy's stock price has surged by an impressive 411%, surpassing Bitcoin's gain of 170% during the same period.

Michael Saylor, the driving force behind MicroStrategy, continues to make waves in the financial world. In a recent strategic move, Saylor has set the stage for a substantial Bitcoin purchase by announcing plans to divest a portion of his company shares.
This decision follows MicroStrategy's trend of consistently investing in Bitcoin, even during market downturns. The question arises: Is Saylor pushing boundaries or embodying the visionary potential of Bitcoin?
Saylor's move involves exercising stock options awarded in April 2014, intending to use the proceeds to acquire more Bitcoin. Having already sold a portion for approximately $3.44 million, Saylor aims to divest $216 million worth of shares over four months, with the intent to cover personal obligations and increase his Bitcoin holdings.
With the freedom to sell up to 400,000 shares by April 26, 2024, Saylor's strategic actions could potentially bring in an additional $265 million based on current market prices.
This sizable shift is a testament to Saylor's unwavering belief in cryptocurrencies. His vocal support for Bitcoin has not only influenced MicroStrategy's significant institutional Bitcoin holdings—acquired at an average of $16,726 per Bitcoin since 2020—but has also propelled the company's valuation to approximately $8.5 billion as of January 2, 2024, marking a 169% increase.
Saylor's commitment extends beyond personal gains; he advocates for Bitcoin as a long-term store of value and an inflation hedge. MicroStrategy's recent investment of $615 million, purchasing an additional 14,620 Bitcoins, underscores this belief.
This Bitcoin-focused strategy has not only boosted MicroStrategy's valuation to $11.4 billion but has also garnered attention from prominent investors like Cathie Wood, whose ARK Next Generation Internet ETF holds approximately $300 million worth of MicroStrategy shares as of January 2, 2024.
It's evident that Saylor's strategic maneuvers have significantly impacted both his personal fortune and MicroStrategy's success, surpassing Bitcoin's gains in 2023. As the crypto market evolves, it's crucial to note the volatility and conduct thorough research before making any financial decisions."
Disclaimer: While striving for accuracy, Voice of Crypto cannot be held responsible for any discrepancies or incomplete information. Given the volatility of cryptocurrencies, it's advisable to conduct independent research before engaging in financial transactions.
#Crypto2024 #BinanceSquare #cryptocurrency #BitcoinETFs! #BitcoinPriceDrop
$BTC