The price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin exchange-traded fund and a flight to safety.
Treasury bonds interest rates are also retreating from their recent highs.
Bitcoin was trading about 5% higher at $ 31'518, according to Monday trades, and coming off its best week since June. It has touched $30,000 at several points in 2023 but has struggled to sustain that level or move meaningfully higher with the U.S. regulatory crackdown on crypto weighing on liquidity and trading volumes.
Investors are expecting the approval of a bitcoin ETF to change that between the end of the year and the first half of 2024. Several firms have also amended their filings in the past couple weeks to address earlier concerns by the U.S. Securities and Exchange Commission, which investors are taking as a positive sign that the agency is engaging positively with the firms.
This publication is quick and simple as well as all other articles by @Pandorra
Patience.. Patience.. and once again Patience..
52-weeks highs resistance is very important, and in case of breaking out, it can open an opportunity to further upside price action, to
BTCUSD
historical highs.
Treasury bonds interest rates are also retreating from their recent highs.
Bitcoin was trading about 5% higher at $ 31'518, according to Monday trades, and coming off its best week since June. It has touched $30,000 at several points in 2023 but has struggled to sustain that level or move meaningfully higher with the U.S. regulatory crackdown on crypto weighing on liquidity and trading volumes.
Investors are expecting the approval of a bitcoin ETF to change that between the end of the year and the first half of 2024. Several firms have also amended their filings in the past couple weeks to address earlier concerns by the U.S. Securities and Exchange Commission, which investors are taking as a positive sign that the agency is engaging positively with the firms.
This publication is quick and simple as well as all other articles by @Pandorra
Patience.. Patience.. and once again Patience..
52-weeks highs resistance is very important, and in case of breaking out, it can open an opportunity to further upside price action, to
BTCUSD
historical highs.
Trade active:
Oct 24, 2023
👉 BTC Breaks 52W Highs
👉 The Next One Main Level to Watch is the Best Annual close, appr. at USD 46'200
👉 BTC Breaks 52W Highs
👉 The Next One Main Level to Watch is the Best Annual close, appr. at USD 46'200
Trade active:
Dec 4, 2023
BTC jumps above $40'000. Watching at 46'200.
BTC jumps above $40'000. Watching at 46'200.
Trade active:
Dec 11, 2023
👉 Watching 40k to hold
👉 Watching 46,2k to cover.
Descending triangle is still forming, long term graph says.
👉 Watching 40k to hold
👉 Watching 46,2k to cover.
Descending triangle is still forming, long term graph says.
Trade active:
Jan 3, 2024
👉 Big Boss Level 46.2k is still alive.
👉 BTC is not OK to break out it's major resistance in this time.
👉 Big Boss Level 46.2k is still alive.
👉 BTC is not OK to break out it's major resistance in this time.
Trade closed: target reached:
Jan 10, 2023
BTC hit 2Yrs High near 46k
BTC hit 2Yrs High near 46k
Comment:
Jan 11, 2024
The Market Reaction on Spot BTC ETF Approval
The Market Reaction on Spot BTC ETF Approval
Related Ideas
👉 BTC is still Ok to stand above 40k and below 46.2k range.
👉 2024 possible extensions is 30k - 31.5k (earlier broken 52w Highs Level)