The breakout from accumulation zone happened even earlier than I expected🔥
The reason for this was the Grayscale case against the SEC in court✊🏻
Bitcoin has grown from 25k to 28k in a matter of minutes 📈
The first decisions on the spot ETFs for bitcoin will take place on September 1-2:
🔸September 1 (Friday) - the first deadline for the application for BTC ETF from Bitwise
🔸September 2 (Saturday) is the first deadline for BTC ETF applications from Blackrock, Fidelity, VanEck, Wisdomtree, Invesco.
Then it will become clear whether we will go up or down🤔
Possible scenarios:
📈Adoption of ETFs and instant growth of bitcoin up to 30k
📉Rejection of all applications for spot ETF and continuation of accumulation (retest of the breakdown zone at around $26,800)
