$BTC Greetings to all friends, I hope you're well. On January 13, I predicted BTC's potential moves, indicating that holding above $42,272 to $41,500 or $40,700 is crucial. We achieved TP1 at $43,200 but faced rejection, returning to the same zone. Since December 11, BTC bounced four times in this area, with the recent closing around $40,894, emphasizing the importance of holding at $40,700.
As of now, BTC is trading around $41,600. Looking ahead, if it maintains support between $41,250 and $40,500 on the 4H timeframe, our next potential targets are:
Breaking $50k to $53k could lead to a test of $69,000, but a failure might bring a significant dip to $34,000. Watch for weekly or daily closing below $41,250 to $40,500.
Potential support zones: 1. CME Gap: $40,500 to $39,300 2. $36,300 or $35,655 3. $34,000
$BTC $ETH Greetings, everyone! I trust you're all doing well. In my Tuesday BTC forecast, the price adhered to a parallel channel on the 4-hour timeframe. Having comfortably hit TP 3 at $49,000, we witnessed a pullback from $49,000 to $41,500. Let's now explore potential next moves:
If BTC remains between $42,273 and $41,500 or $40,700, the next targets are: - TP 1: $43,200 - TP 2: $44,700 - TP 3: $46,000 - TP 4: $46,900 - TP 5: $47,500 - TP 6: $48,600 - TP 7: $50,000 - TP 8: $53,000
In case BTC fails to hold these levels, watch for potential support zones: 1. CME Gap: $40,500 to $39,300 2. $36,300 or $35,655 3. $34,000
Stay tuned for the next exciting moves in the world of BTC trading! đ
$BTC đą Tomorrow marks the commencement of trading for spot Bitcoin ETFs, as announced by CBOE. Exciting news for the #BitcoinETF enthusiasts! đ #Bitcoin
#BTC Greetings, everyone. Matrixport led us on a rollercoaster with FUD, claiming a spot ETF rejection. However, it turned out to be mere FUD, causing BTC to test $45,890 and witness sell pressure down to $40,750 on the spot chart and $40,333 on the future chart, marking a significant drop of 5,000 to 5,500 points.
BTC made a robust 3,000-point bounce. Now, observing the 4H time frame, trading above the 200 moving average is a positive sign. Holding at $42,700 could lead to the following targets:
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đșđž The SEC has recommended exchanges to facilitate cash creates for spot #Bitcoin ETFs. They've urged exchanges to submit amendments within the next couple of weeks.
$Hello friends, hope you're all well. As mentioned yesterday, BTC reached $37972 with 100% accuracy from the suggested $42170, hitting $38000 and showing a bearish divergence on the 4H timeframe. Currently, BTC is attempting to hold around $35500.
Now, let's explore potential moves: - If BTC closes above $35500 or $36000 on 4H or daily timeframe:
$ETH $BTC Greetings and peace to all! Reflecting on October 30, my BTC prediction of $37,340 was met, reaching $38,000 with a pullback to $35,500. The positive CPI report on November 14 impacted the market, yet USDT dominance caused retesting. Notably, a rejection at 6.60, a local support retest at $34,800, and potential support at $34,400 to $34,800 were observed.
Looking ahead, in the 4-hour and daily time frames, BTC signals potential. Holding $35,000-$35,400, projections include:
The U.S. rating outlook has shifted from "stable" to "negative" per Moody's.
- Elevated risks to fiscal stability are noted. - Factors include mounting debt servicing costs, a substantial budget deficit, and heightened political polarization (Bloomberg).
CME Group now leads in BTC futures open interest within 24 hours, boasting around 109,000 BTC (approximately $4 billion), outpacing Binance's 103,000 BTC (about $3.79 billion). This marks a significant shift, as detailed on coinglass.com/BitcoinOpenInterest.$BTC $ETH
$ETH $ETH - Rumors suggest that BlackRock is gearing up to submit an application for a spot Ethereum (ETH) Exchange-Traded Fund (ETF). - In the midst of these speculations, the price of Ethereum has surged beyond the $2,000 mark. - For more details, you can check out the source at x.com/milesdeutscher/status/1722632691982487672](https://x.com/milesdeutscher/status/1722632691982487672
$BTC đč "The 8-day window for approving multiple spot Bitcoin ETF applications has officially begun. đč At Bloomberg, we are currently estimating a 90% likelihood of approval by January 10. đč Interestingly, if approval comes earlier, it could lead to a green light for all current candidates. đč Is this the moment when the crypto market springs to life? đ€"
The SEC will discuss a spot Bitcoin ETF with Grayscale.
A spot ETF would make Bitcoin more accessible to investors.
This could lead to increased liquidity, volatility, and institutional investment.
Conclusion
The SEC's decision to discuss a spot BTC-ETF is a positive development for the cryptocurrency industry. It could lead to increased adoption of Bitcoin as a payment method and a store of value.$BTC