senolito

9 ETF proposals are denied by the SEC, probably push BTC down

COINBASE:BTCUSD   Bitcoin
Another hit for several Bitcoin ETF proposals, which might push BTC below 6.000 today. But who cares? I think that the down pressure on BTC looses on strength and I see a trend reversal on the horizon. BTC price is bottoming out in an elongated belly shape, and from this point onwards, we shall see prices climbing upwards steadily, pushing towards more and more resistance levels. It might take some time but chances are looking good. I will feel further confirmed, if this latest news will not have the downside impact, many expect them to have. So lets have a close look at BTC prices over the next 24-48 hours.

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