Is the BTC price going to follow this tendency?
Interesting 🤔 The BTC price succeded to recover $70k this week. This year ATH(All Time High) is $73.8k. It's not much than now.
It's been around a month since spot BTC(Bitcoin) ETFs were approved in H.K. Personally, I believe the BTC price will be bullish this summer. However, I'm betting on the ETH(Ethereum) is more bullish than the BTC.
5 spot ETH ETFs managers submitted amended filings to the U.S. SEC(Security Exchange and Commission). I think that means the possibility of spot ETH ETFs approval is much higher than before, as well as, the U.S. wants to lead the digital assets market than the China. Furthermore, the U.S. presidential election is coming within 5 months. It seems that for now, the Biden administration is hard to be hostile of cryptocurrencies.
So, if spot ETH ETFs are approved by the U.S. SEC within few days, my scenario is this summer will be blessing for ETH and altcoins. But, I think it wouldn't be an altseason. I mean small bullisher for altcoins.
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