Bitcoin at a Crossroads: Early Days of ETFs and Lingering Questions
Bitcoin, the original and still most popular cryptocurrency, is at a crossroads in this nascent year. The recent approval and launch of spot Bitcoin ETFs in the US sent a wave of excitement through the crypto community, but questions remain about the long-term impact on the market. ETF Buzz and Price Volatility: The launch of ETFs was heralded as a major step towards mainstream adoption, providing traditional investors with easier access to Bitcoin. This optimism initially translated to a price
#BTC It looks like the relief bounce is happening. For me, this is a bearish retest. Based on the previous cycle, we need at least -40% retracement to start the bull market cycle and it happened on Q1. I believe that it is already happening, so bulls need to take care. Zoom out to check the trend.