Bitcoin Yearly Graph:

Bitcoin exhibits a distinctive yearly pattern, characterized by three years of a bullish cycle followed by one year of a bearish cycle. The ongoing year has followed this trend, indicating a bullish phase. If historical patterns persist, the next two years could potentially be bullish for Bitcoin.

Are you ready for the upcoming bull run?

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📉 Bitcoin Faces Potential Drop to $40,000 Amidst Market Indicators

🔍 Market Analysis: A Closer Look at BTC's Recent Downturn
Bitcoin, the pioneer of cryptocurrencies, is once again facing a potential correction, with market indicators suggesting a dip to the $40,000 range. Here's a brief overview:

📉 Recent Market Movements:

BTC experienced a more than 2% decline in the last 24 hours, coinciding with miners selling off their holdings. The broader market sentiment remains bearish on the king of cryptos.

💔 Parallel Channel and Key Support:

Despite a month of steady movement, BTC's price slid as it followed a parallel channel on its 4-hour chart. Currently trading at $42,332.07 with a market cap over $828 billion, BTC breached a key support level at $42,400, potentially signaling a continued downturn.

📈 Potential Scenario:

Analysts, including Ali, highlight the possibility of Bitcoin plummeting to $40,000 before the year's end. However, there's optimism that this downturn might be a precursor to a bullish rally, with BTC aiming to reclaim $44,000.

📊 On-chain Metrics Analysis:

aSORP Indicator: Turned red, indicating increased selling at profits.Miners Position Index (MPI): Also in the red, suggesting miners are selling more holdings compared to the one-year average.Exchange Reserve and Netflow: Despite red indicators elsewhere, these metrics remained green, implying strong buying pressure, a potential bullish signal.

🤔 The Verdict: Further Downtrend?

Despite red flags in certain metrics, the green signals on Bitcoin's exchange reserve and netflow introduce an interesting twist. It indicates a dichotomy in market sentiment, raising questions about the sustainability of a further downtrend.

🔗 Stay Informed, Stay Ahead:

For real-time updates and comprehensive insights into the dynamic crypto market, follow The Blockopedia. Don't miss out on the latest trends and market analyses! 🚀📊

#BitcoinETFLaunch #BitcoinETFs! #crypto #cryptocurrency #crypto2023

In the 4-hour timeframe chart, #BTC is exhibiting a bullish pennant formation, hinting at a potential significant movement. 📈

Anticipate a substantial move today.

#CryptoBears #BitcoinETFLaunch #BTC🔥🔥 #Tether #Metamask $BNB $ETH

@BreakOut_Expert

🚀 Countdown Alert!

📆 Just 15 days left until the final deadline for the

inaugural spot #Bitcoin/USDT. ETF!

🌐 Will this milestone reshape the crypto landscape?

Stay tuned for updates! 🚀

#BitcoinETFLaunch #CryptoNews🔒📰🚫 #BTC

𝙃𝙚𝙧𝙚'𝙨 𝙬𝙝𝙖𝙩 𝙝𝙖𝙥𝙥𝙚𝙣𝙚𝙙:

- Valkyrie Anticipates Approval of Spot Bitcoin ETF by SEC This Month.

- Bitcoin’s Value Can Outpace Gold, Says Fidelity Executive.

- Analysts Observe Rising Stablecoin Supply, Indicating Capital Inflow.

- Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade.

- Coinbase Exceeds Analyst Expectations with Q3 Revenue of $674.1 Million.

- CME Bitcoin futures hit record high, but uncertainty looms above $36K.

- Sam Bankman-Fried is found guilty on all 7 charges in criminal trial.

- SBF “lied to get customers’ trust,” prosecutor says.

- FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts.

#FTXCase #BitcoinETFLaunch #BTC

📉 Bitcoin Alert: Potential Dip to $32,000 Post Spot ETF Approval

🚨 Warning from Data Provider - 'Sell the News' Scenario Looms

As Bitcoin enthusiasts anticipate the approval of a spot ETF, CryptoQuant issues a cautionary note, predicting a possible downward correction to $32,000 post-approval.

💡 Understanding the 'Sell the News' Dynamics:

In a typical 'sell the news' event, prices, leverage, and sentiment surge in anticipation of a positive development. However, smart traders exploit the crowded long trade, leading to a subsequent drop. This scenario is a common occurrence in capital markets.

📉 Factors Contributing to the Warning:

CryptoQuant points to high unrealized profit margins of 30% among short-term Bitcoin holders, historically preceding price corrections. Additionally, short-term holders are still spending Bitcoin at a profit, a trend that usually shifts after short-term losses are realized.

💼 Portfolio Management Advisory from Capriole Investments:

Capriole Investments advises "conservative portfolio management" ahead of the potential ETF approval. With Bitcoin's recent surge of over 60%, the firm highlights increased risk for long Bitcoin positions, emphasizing the need to anticipate larger volatility events.

🔄 Historical Context:

Referencing past instances, Bitcoin has witnessed 'sell the news' events in 2017 and 2021. In 2017, after the launch of BTC futures by CME, Bitcoin peaked at $20,000 but declined in the following months. Similarly, in 2021, after Coinbase's public debut, Bitcoin reached $65,000 before losing value.

📊 Current Bitcoin Status:

As of now, Bitcoin is trading at $42,450, starting the year at $16,000. The daily trading volume remains stable at $80 billion, according to CoinMarketCap.

📈 Stay Informed, Stay Cautious: Follow The Blockopedia for Real-time Updates!

#BTCETFSPOT #BitcoinETFs! #BitcoinETFLaunch #cryptocurrency #crypto2024

🚀 5 Reasons Why a Spot Bitcoin ETF Could Surge BTC Beyond $100K!

🌐 1. Validation and Boomer Entry:

The spot Bitcoin ETF's significance lies in its appeal to a broader investor base. As Bitcoin gains validation, traditional investors, especially baby boomers, may enter the market. The ease of investing through established brokers and the minimal effort required could lead to substantial inflows.

💼 2. Asset Managers' Competition:

Major asset managers like BlackRock, Fidelity, Ark Invest, Bitwise, and VanEck stand to benefit from offering Bitcoin-backed ETFs. The retention of management fees creates strong incentives for these managers to compete aggressively for internal and external clients. Early advantage in ETF holdings becomes a crucial factor in this competitive landscape.

📑 3. Regulatory Clearance and Legitimacy:

The approval of a spot Bitcoin ETF would mark a significant shift in regulatory clarity. While the SEC's decision to limit spot Bitcoin ETFs to cash-only creation and redemption may not be the ideal tax solution, it alleviates regulatory concerns. Support from major entities like BlackRock and Fidelity further legitimizes the asset class, reducing overall regulatory risk.

🌍 4. Booming Crypto User Base:

With regulatory uncertainties addressed, the spot ETF could attract a surge in cryptocurrency users. The simplicity of ETFs, sparing investors from direct Bitcoin transactions, is appealing. This simplicity benefits investment advisers, who can guide clients through a regulated and familiar investment vehicle.

⏰ 5. Favorable Trends Over Time:

While the impact of a Bitcoin spot ETF approval may not be immediate, the confluence of these trends over time is expected to be transformative. Once these trends gain full momentum, the report suggests it's only a matter of time before Bitcoin consistently trades above the $100,000 mark.

📈 Stay Ahead of the Crypto Wave: Follow The Blockopedia for Real-time Updates!

#BitcoinETFLaunch #BitcoinETFUpdate #crypto #cryptocurrency #crypto2023

JUST IN: 🇺🇸 SEC tells spot Bitcoin ETF applicants to update submissions by December 29 if they want to be approved in the first wave - Reuters

#Bitcoin/USDT. #BTC!💰 #ETFApproval2024 #BitcoinETFLaunch #BTC

📉 Bloomberg analyst James Seyffart anticipates a likely delay decision from the SEC for the three Bitcoin spot ETFs, with a low probability of approval before January 10, 2024. Chances estimated at 90%. 🚀🗓️ #BitcoinETFLaunch #SECDecisionDelay 🌐

‼️NEWS: 🇺🇸 Former Cantor Fitzgerald Financial Giant's Executives Launch A #Cryptocurrency Lending Platform In Anticipation Of The Approval Of Spot #BitcoinETFLaunch 🟦🚀🔥

Bitcoin bounced after reaching below the support area for a stop-loss hunt. We expect one last pump to the $36,000-$37,000 range. Keep a tight stop loss on all open long positions and remember to book profits.

First Support Area: $34,700-$35,000

Second Support Area: $33,300-$33,600

Resistance area: $36,000-$37,000
#BTC #BullRun #Bitcoin-BTC #BitcoinRevival #BitcoinETFLaunch $BTC

#MyFirstFeedPost Hello, Binance Square!

#XRPUpdate #BitcoinETFLaunch
Xrp settled boom now

Bitcoin Ordinals Trading Hits 6-Month Peak as ORDI Token Surges on Binance Listing

The market for Bitcoin Ordinals was active on Tuesday after Binance rolled out support for ORDI, the original BRC-20 token

Bitcoin Ordinals transaction volume surged to its highest levels since May on Tuesday, as about $14.7 million worth of the Bitcoin-based assets traded hands, as of this writing, according to a Dune dashboard created by the pseudonymous on-chain data analyst Domo.

Launched earlier this year, Ordinals enables the creation of NFT-like assets on the Bitcoin blockchain. The protocol lets people assign data to an individual satoshi—equal to 1/100,000,000 of a whole Bitcoin—whether that's art, profile pictures, or text.

The lion’s share of trading volume on Tuesday took place on the cryptocurrency exchange OKX, per Domo’s dashboard. The Seychelles-based exchange rolled out trading support for Ordinals in May and accounted for 6,100 or 60% of daily Ordinals transactions, as of this writing.

#Bitcoin_Talk #BitcoinETFLaunch #BTC

💼 ETF Fee Update: ArkInvest's Bitcoin spot ETF management fee rises to 80 basis points (0.8%), a 0.1 percentage point increase from the previous application, prompting analysts to suggest potential increased operating costs. ProShares BTC futures ETF, currently traded, charges a 95bp fee. 📈💰 #ArkInvest #BitcoinETFLaunch #CryptoNews

y#BTC
LOOK at Countries with Bitcoin Spot ETFs

1. Canada 🇨🇦
2. Germany 🇩🇪
3. Jersey 🇯🇪
4. Brazil 🇧🇷
5. Liechtenstein 🇱🇮
6. Guernsey 🇬🇬
7. Australia 🇦🇺
8. Cayman Islands 🇰🇾

Could the United States 🇺🇸 be next?

1/ Which countries have spot #BitcoinETFLaunch ?

There are currently only 8 countries worldwide that offer spot Bitcoin ETFs.

This means that if the US SEC approves spot Bitcoin ETF applications, the United states 🇺🇸 could become the 9th country to have spot Bitcoin ETFs.

2/ The top country for spot Bitcoin ETFs is currently Canada 🇨🇦, where 7 spot Bitcoin ETFs are incorporated with $2B in total assets.

Another leading country is Germany 🇩🇪, where only one spot Bitcoin ETF is incorporated with an outsized $802.52M in total assets.

3/ Jersey 🇯🇪 follows closely behind with 4 spot Bitcoin ETFs incorporated on the island, amounting to $747.77M in total assets.

Spot Bitcoin ETFs incorporated in Brazil 🇧🇷 and #Liechtenstein 🇱🇮 also represent sizable total assets, at $295.74M and $218.16M respectively.

4/ The remaining spot Bitcoin ETF countries account for smaller total asset sizes, at $74.66M in Guernsey 🇬🇬, $12.46M in Australia $🇦🇺 and $4.93M in the CaymanIslands 🇰🇾.

Methodology: The study examined active spot Bitcoin ETFs worldwide, which includes ETPs that are physically backed by Bitcoin holdings.

Grayscale Bitcoin Trust was excluded, as it is traded over the counter (OTC).
#xrp #etf
$BTC $BNB $ETH

#BitcoinETF Watch Update: The SEC is on the verge of a critical decision-making period. A batch of 19b-4 approvals could level the playing field for multiple ETFs. Window closes Nov 17, with public comments due early Jan. This could be a pivotal moment for #crypto acceptance in mainstream investing. Keep an eye on the SEC's next moves—they could signal a watershed moment for #digitalassets. #SEC #BTC #BitcoinETFLaunch