ANALYSIS ON BITCOIN AND THE FUTURE OF THE CRYPTO MARKET

The last few weeks of bitcoin has become very volatile with so many directions going up and down within timeframes. This is due to various news that gave both positive and negative impact on the market.

Recently in these past few days, Bitcoin (BTC) showed how strong its supports are, despite all the dump and selling pressures cause by the fuds. Now, Bitcoin is currently making a bullish trend with a slight pullbacks from time to time.

What makes bitcoin strong and bullish?

2 things are the main reason why bitcoin keeps coming back and making new yearly highs.

First (1) is the ETF News, this news alone pump bitcoin from 30k to 35k in a day a two. Everyone is now anticipating the confirmation of a spot ETF for Bitcoin. For all who does not know what a spot ETF is, it will be the first crypto investment vehicle that will give ordinary investors exposure to Bitcoin !! This means there's a potential that billions of dollars will enter the market and push BTC into 100k real quick !!! ✅️✅️✅️

Second (2) The catalyst of the bullrun, none other than, the HALVING. This is where the amount of mined Bitcoins is divided in half making Bitcoin much difficult to mine. That means less supply for the market and more demand by retailers.

With this two alone, Bitcoin could continue the bullrun and head straight to make its all time high.

As of now, even with the recent resignation of binance CEO CZ, nothing is stopping BITCOIN upward.