What can be expected after the rise of bitcoin? What good news will come?
Hello friends, today bitcoin has had a strong resistance at 34,500 and it indicates that a bear market could come but if we go straight to 40,000 this sounds very bullish, I will not deny it but it is something that I have been waiting for 17 months but I think that the ETF narrative is justifying.
If we talk a little about the future market, this bull market has generated a massive liquidation of shorts but the economic moment does not yet justify a bullrun. If we will have one, I have no doubt that it will, but I do not think that now is the right time, but it is not missing. a lot for this to happen. At the moment you can expect a bearish perception in the short term but without falling below the 31,000 area.
You could say that the next surveillance zone would be around 32,000 at least, there we have a high rejection zone that will be difficult to combat. Things get interesting from a fundamental point of view and I am left wondering if bitcoin will return upload fusion of information due to the apparent loss of strength of the SEC, a possible resignation or dismissal of Gary Gensler, the fact that interest rates will no longer rise this year, the possible approval of cash ETFs that could enter a lot of money into the market and from now on the April halving of next year.
Well, seen that way, there are many positive things that could happen next and, as usual, the markets anticipate. But what happens then everything falls back or at least a little will this be the case? With Monday's news, I imagine that some will begin to regret not having bought more bitcoin at 26,000 and selling at a high price right now.
At the moment only rumors are heard on social networks and no strong protagonist has given another interesting news that could once again influence the market, specifically the price of bitcoin, if the rumor of the supposed future dismissal of the president of the SEC Gary Gensler were to become True, the SEC's constant attack on cryptocurrencies would cease a little and it would be saying that ETFs would be approved in their entirety, being the best news of the year for the cryptoactive world.
Before finishing this post I came across excellent news that the Ark Invest bitcoin ETF is also listed for trading on the Depository Trust & Clearing Corporation (DTCC), which is the same as BlackRock's spot bitcoin listing, although This news has not impacted the market yet but some sudden movement can be expected over the next 24 hours. It should be noted that the US Securities and Exchange Commission (SEC) still needs to rule on its approval or rejection, so we must stay tuned for that news.
If these two etfs BlackRock (IBTC) and (ARKA) Ark Invest have already been listed, it is not expected that tomorrow or at the end of the week the Grayscale etf will also be on this list, so good news is yet to come, let's keep an eye on it
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