Bitcoin hype leading up to the January ETF approval is smoke and mirrors. The SEC will delay the decision pushing it back to closer the halving. This will result in a perfect storm when it does get approved because usually BTC dumps immediately after halving but this time it will have momentum. I expect this smoke and mirrors rally to reach the 50k level in January in anticipation only to be crushed by the delay. After that last shake, we will go down to 40k levels which will be the new accumulation zone and the last good price to purchase BTC. We will see the previous ATH 2024 and surpass it by Q4 or 2025.
This is not financial advice, always do your own research before investing in any asset. Stay Safu
This is not financial advice, always do your own research before investing in any asset. Stay Safu
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Despite Gary Gensler and the SEC stating that they are looking at the Bitcoin ETFs, I still don't expect an approval in January. They will delay it.
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everything still going according to plan
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Max FUD starting to enter the space, I believe that this is usually the best time to pay attention - Be greedy when others are fearful.
Current Fear examples: China tensions, Russia/Ukraine, Inflation, US National Debt ATH, Another Banking Crisis in March?, FED Hard landing, US Elections, CBDC, Crypto ban, ETF delay in January, ETH weak against BTC, ETH upgrade failure in January, Coinbase lawsuits, SOL/ADA labeled securities, etc.
Current Fear examples: China tensions, Russia/Ukraine, Inflation, US National Debt ATH, Another Banking Crisis in March?, FED Hard landing, US Elections, CBDC, Crypto ban, ETF delay in January, ETH weak against BTC, ETH upgrade failure in January, Coinbase lawsuits, SOL/ADA labeled securities, etc.
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I no longer believe that the ETF will be delayed in January since the SEC made companies get into compliance
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Still going according to plan. A new floor at 40k which was a big support level for us in the past after hitting ATH. I also believe that 45k is a tough resistance point to get through but with the ETF announcement coming up it seems very likely.
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48k next target
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everything right on target
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I can't even lie I drew random lines so the correlation on things actually playing out have I drew them being this close to the actual moves is just luck not even analysis
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lol
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