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The SEC has not grounds anymore to reject ANY #Bitcoin Spot ETF. The SEC is working together with the issuers to complete their filings. It's a matter of time before they all get accepted Probably before the 10th of January 2024
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#BTC BlackRock CEO Larry Fink has praised the Bitcoin network, attributing the recent rally to pent-up interest in crypto and a flight to quality. Confidence in SEC approval of a Bitcoin ETF is growing, reinforcing Bitcoin's quality and mainstream adoption, as evidenced by increased stablecoin flows into Bitcoin. The ongoing trial of Sam Bankman-Fried highlights the narrative that decentralized cryptocurrencies like Bitcoin are more reliable and of higher quality, leading to a 'flight to safety" amid market turmoil and inflation concerns, as noted by analysts. Fink's comments and the growing confidence in a Bitcoin ETF approval signal a positive outlook for the market, despite some skepticism from figures like Berkshire Hathaway vice president Charlie Munger.
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Prediction Comes True Sometimes, When We Talk About Crypto..🚀
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Bitcoin To 'Usher In a Huge Push' Towards $70,000 BTC Price Once This Happens, Says Crypto Analyst Kevin Svenson Crypto trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid the flagship digital asset revisiting a four-month high. Svenson tells his 70,500 YouTube subscribers in a new video that once Bitcoin converts a key resistance level into support, BTC could appreciate by about 130% from its current price. Ultimately, once we do get above that $32,000 on that resistance and we flip it and confirm it as support, that's likely going to usher in a huge push towards the all-time high [of slightly over $69,000]." Ultimately, once we do get above that $32,000 on that resistance and we flip it and confirm it as support, that's likely going to usher in a huge bush towards the all-time high [of slightly over $69,000]." According to Svenson, the volatility of Bitcoin will rise once the $32,000 resistance level flips to support. "Once we break above this resistance [$32,000], we start re-entering this range [$32,000- $70,000], the swings are going to likely start to pick up quickly. Because you can see from $32,000 to the top, to the low, to the top, these swings are pretty rapid. So once we get above that $32,000 zone, we confirm it as support, the swings will likely start to become more rapid. Even if we don't break the [all-time] high initially, I think we're going to see huge volatility above that $32,000 zone." Looking at Svenson's chart, he seems to predict that Bitcoin will rally above $70,000 in the coming years. Svenson says that the approval of a spot Bitcoin ETF could be a catalyst for BTC to rise above $32,000. "If that does happen and we break above $32,000, just get ready for people to be surprised. Because I think a lot of people tend to forget, you know, after this boring sideways range [$25,000 - $32,000], people always forget that Bitcoin loves to surprise us #xrp #etf #ftx #geminiearn
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