#BTC - setting new yearly high above $45,000 đ
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.
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.
