Bitcoin ETF

Bitcoin

Rekt

<div class="cryptonews">
 <p class="is-style-lead">Investor and cryptanalyst Rekt Capital believes that the price of Bitcoin (BTC) could drop to $37,000 shortly.</p>
 <p>According to the expert, the fall of BTC by more than $5,000 from the current level can be considered a healthy recovery. He recalled that the first cryptocurrency has experienced similar price movements, and such patterns have historically contributed to the overall health of the cryptocurrency market.</p>
 <p>Additionally, as the BTC halving approaches, any deeper corrections during this period could provide investors with excellent bargaining opportunities.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#BTC <br><br>New Monthly Close is in<br><br>The last two times Bitcoin retested ~$41000 (blue) as support, price produced volatile retests<br><br>The retests saw downside wicks go to as low as the ~$37000 region<br><br>History suggests any dip into ~$37000 would be healthy$BTC #Crypto #Bitcoin pic.twitter.com/AVBF7WYAYL</p>— Rekt Capital (@rektcapital) January 1, 2024
   </blockquote>
  </div>
 </figure>
 <p>Currently, the price of BTC is at $42,500. Over the past year, the first cryptocurrency has risen by almost 160%, from a price of $16,600 at the beginning of last year. However, Bitcoin has not shown significant price changes over the past month.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14233099">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/01/3b289c0479f96764925beb9c75ea8b8c.webp.webp">
   <img decoding="async" width="1024" height="533" src="https://cdn.thebittimes.com/images/2024/01/01/3b289c0479f96764925beb9c75ea8b8c.webp" alt="Investor pointed to favorable time to buy BTC before growth - 1"> 
  </picture>
 </figure>
 <p>QCP Capital analysts also spoke about the fall in the Bitcoin rate in January. According to them, launching the first spot Bitcoin exchange-traded fund (ETF) is less than three weeks away. Its approval could be announced at the close of trading on Jan. 5 or between Jan. 8 and Jan. 10, 2024.</p>
 <p>Companies such as Bitwise, Valkyrie, Fidelity Investments, ARK Invest, Grayscale, and others are also awaiting approval of applications for spot Bitcoin ETFs from the Securities and Exchange Commission. The deadline for the regulator to make a decision on applications for Bitcoin ETFs is set for January.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Cathie Wood hints at spot Bitcoin ETF approval date
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/investor-pointed-to-favorable-time-to-buy-btc-before-growth-tbt75279.html">https://thebittimes.com/investor-pointed-to-favorable-time-to-buy-btc-before-growth-tbt75279.html</a></p>

Investor pointed to favorable time to buy BTC before growth

TheBitTimes

Другие статьи, опубликованные 1 янв. 2024 г.

Pullix (PLX) Presale Gains Popularity, Outshining Bitcoin Cash (BCH) and Internet Computer (ICP)

Manta Pacific Surpasses $500 Million in Total Value Locked

US SEC May Approve Spot Bitcoin ETFs On Tuesday or Wednesday

RFK Jr. Alleges Corruption in Dropping 6 Charges Against FTX Founder Sam Bankman-Fried

Bitcoin ATM innovator CoinFlip to look beyond kiosks in 2024

Can Polkadot outshine Solana and Avalanche in 2024?

Join our free newsletter for daily crypto updates!