Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes. First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC...
Looking at the chart on 4hr time frame we see a good opportunity for a long entry at roughly $61,000. Reasons -Prior support at same levels (yellow line/arrow) -Key moving average support level (200 MA) -$60k potential wick area for bottom of the daily Bollinger Bands Entry method -Ladder entry -Front run the 200 MA at $61,800 -Right at 200 MA -Below catch wicks...
Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves. 1. Direct purchase of crypto from crypto exchange like Coinbase 2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR 3. Invest in LEAPS options...
- Selloff to start the trading day - Potential reversal forming around $40.55 with wicks below - High trading volume = $12.5 million and counting