🚀 Big News: Bitcoin Spot ETF Approved!
But let's get things straight.
$BTC is currently navigating a significant resistance zone at 46k to 47k.
A potential correction looms in the market, so don't anticipate an abrupt pump post this news.
The market will rise, but it's likely to be a gradual climb.
Let's draw a parallel with the GOLD ETF scenario:
Back in 2006, when the gold ETF got the nod, we witnessed a correction phase before the gold rally kicked in after about a year.
A similar correction pattern could unfold in Bitcoin's journey.
Bitcoin is destined for an upward trajectory, but brace yourself for a short-term correction.
#BTC #ETF #cryptonoor #BTC-ETF. #BTCETFSPOT
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