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Here’s why analysts are saying ‘No FOMO’ ahead of Bitcoin’s ETF launchThe upcoming launch of a BTC ETF has bulls proclai...
19/10/2021

Here’s why analysts are saying ‘No FOMO’ ahead of Bitcoin’s ETF launch

The upcoming launch of a BTC ETF has bulls proclaiming that a $100,000 Bitcoin price is imminent, but several analysts warn that a sharp short-term pullback could also occur.

The day the crypto traders have long-awaited is almost here. At the opening bell on Oct. 19, a ProShares futures-based BTC ETF is scheduled to launch and analysts are predicting that additional ETFs will rollout over the coming week.

Bitcoin’s shallow pullback increases the prospect of a new all-time high in the short term and altcoins like ETH, SOL, M...
18/10/2021

Bitcoin’s shallow pullback increases the prospect of a new all-time high in the short term and altcoins like ETH, SOL, MATIC and FTM could move higher while BTC prepares for its next move.

Some market participants believe that traders who bought the rumor of approval for a Bitcoin ETF product may sell on the news. Crypto trading firm QCP Capital said in an update that the approval of futures-based ETFs is unlikely to provide a long-term boost for Bitcoin prices similar to the one seen in the fourth quarter of 2020.

While high volatility cannot be ruled out in the near term, investors should focus on the major trend and not get caught in minor corrections that are part of the path to new all-time highs.

Bitcoin hits $60K for the first time since April after reports of imminent ETF approvalBitcoin has surpassed the $60,000...
15/10/2021

Bitcoin hits $60K for the first time since April after reports of imminent ETF approval

Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures ETF is likely to begin trading in the United States as early as next week.

Data from Cointelegraph Markets Pro indicate that Bitcoin prices have been on a slow grind upward since the beginning of this month. Before the upward price action began, prices had hovered around $42,000 from Sept. 20 to Oct. 1. Bitcoin is now just 7% away from reclaiming its Apr. 14 all-time high of $64,804.

Bitcoin analyst 'highly doubts' return to $50K — Will the weekly close spark a correction? Data from Cointelegraph Marke...
14/10/2021

Bitcoin analyst 'highly doubts' return to $50K — Will the weekly close spark a correction?

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it reversed towards $57,000 after hitting highs of $58,540 on Bitstamp.
The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April's all-time highs.
Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around.
"Bitcoin is most likely just continuing this grind towards the all-time highs," Cointelegraph contributor Michaël van de Poppe wrote in his latest Twitter update.

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