✅✅ Room for a return to $60,000 Bitcoin ???
As Cointelegraph reported, opinions are mixed as to what Bitcoin $BTC will do in the short term.
The announcement of preliminary approval of spot Ether $ETH exchange-traded funds, or ETFs, in the United States this week did little to shore up the performance of either coin.
Still rangebound, BTC/USD is fielding calls for a return to $60,000 or even lower. Among those predicting that outcome are popular trader Credible Crypto and Michaël van de Poppe, founder and CEO of trading firm MNTrading.
“Bitcoin is consolidating, and it’s within the range,” the latter wrote in one of his latest X posts.
“Probably that consolidation will be taking place for a longer period and I suspect we might see $61-63K even.”
Van de Poppe added that liquidity was in “rotation” from Bitcoin to Ether around the ETF launch but described the situation as “fine.”
