Bitcoin is embarking on a journey to 10K and possibly beyond as the market eagerly anticipates the upcoming and biggest ETF frenzy in crypto history.
For your convenience, I have marked and labeled the dates of every ETF decision on the chart so you can see how Bitcoin trends during this exciting period and how price reacts to these milestones, before and after. It is habitual for price to increase dramatically as market expectation of the world’s first digital commodity becoming available to public investors continues to heighten.
At C.EZ, we are fully aware that price would not go up in a straight line from here. Our traders are fully prepared for extreme volatility in Bitcoin as we approach the date of every single ETF decision to be publicly announced by the SEC – and the first ETF decision is only 3 days away.
In terms of technical analysis, price could still revisit the lows one final time to form a higher low before bigger strides of upward movement can be seen in Bitcoin. The BTC analysis that I posted on August 15 has got this covered and remains valid though the timing may be slightly off by now. Click on the chart below to view my short term analysis on Bitcoin.
For a longer term perspective, you may refer to my Bitcoin Q3 Forecast. Originally posted on July 1, this forecast has proven time and time again to be a guiding light for traders in the midst of uncertainty. Click on the chart below to view my 3-month analysis on Bitcoin.
Here is a list of the ETF decision dates:
1) ProShares: August 23
2) GraniteShares ETF: September 15
3) Direxion ETF: September 21
4) SolidX-VanEck ETF (CBOE): September 30
Have a great day and good luck!
Buy me a cup of coffee (or steak dinner):
BTC: 1GG7CwY3zqdCYqQz1ZG9PHyoxCGGrQu5pb
BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
Please note that everything (key levels, timing etc.) in this chart is calculated based on a variety of trading methods and indicators used. The reason you don’t see them visible is because I have purposely removed them to keep this chart clean and easier to comprehend.
For your convenience, I have marked and labeled the dates of every ETF decision on the chart so you can see how Bitcoin trends during this exciting period and how price reacts to these milestones, before and after. It is habitual for price to increase dramatically as market expectation of the world’s first digital commodity becoming available to public investors continues to heighten.
At C.EZ, we are fully aware that price would not go up in a straight line from here. Our traders are fully prepared for extreme volatility in Bitcoin as we approach the date of every single ETF decision to be publicly announced by the SEC – and the first ETF decision is only 3 days away.
In terms of technical analysis, price could still revisit the lows one final time to form a higher low before bigger strides of upward movement can be seen in Bitcoin. The BTC analysis that I posted on August 15 has got this covered and remains valid though the timing may be slightly off by now. Click on the chart below to view my short term analysis on Bitcoin.
1) ProShares: August 23
2) GraniteShares ETF: September 15
3) Direxion ETF: September 21
4) SolidX-VanEck ETF (CBOE): September 30
Have a great day and good luck!
Buy me a cup of coffee (or steak dinner):
BTC: 1GG7CwY3zqdCYqQz1ZG9PHyoxCGGrQu5pb
BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
Please note that everything (key levels, timing etc.) in this chart is calculated based on a variety of trading methods and indicators used. The reason you don’t see them visible is because I have purposely removed them to keep this chart clean and easier to comprehend.
