Analysts foresee differing scenarios for Bitcoin's reaction. 🤔 📰 A recent false ETF news flash gave Bitcoin a glimpse of the future. The price surged 7% to $30,000 in minutes, highlighting the market's anticipation. 📈 K33 Research suggests a potential ETF approval could overshadow previous rallies. A rejection, on the other hand, might lead to a market downturn.
🧐 Alex Krüger emphasizes that the approval isn't fully priced in, predicting a significant move of +20% on approval.
📉 However, some, like Joe Consorti and Nik Bhatia, consider the recent rally a "measly pump" and believe much of the ETF's potential impact is already reflected in Bitcoin's price.
💥 The spot BTC ETF remains a hot topic, with market participants eagerly awaiting the official announcement.
🔮 Will it be a "sell the news" event, with prices rising before settling down after approval? Only time will tell! 🕒
📊 Trade Smart 💪
