Dear Readers,
The year 2024 sets in with a spectacular rally in the crypto markets.
At the time of writing this article the global crypto market cap is trading at 1.75 Trillion USD, which is higher by 5.17% from yesterday.
The Crypto leader Bitcoin rallied more than 6.9% from yesterday and continue to trade firm above 45000 USD and currently trading at 45660 USD.
The chart indicates the BTC price has crossed the 50, 200 days DMAs.
It is more likely to trade and consolidate above 45000 USD. USD 44005 and USD 42005 founds to the be support level for BTC while USD 46005 and USD 46209 would act as the resistance.
The BTC price is likely heading towards $ 48000.
This historic price was touched by BTC by 2 years ago on 30 March 2022.
This price point would be strong supply zone for BTC.
Everyone's expectation is high on the decisions of the BTC ETF which is continuously lined in January 2024.
The most immediate and important date is 10th January 2024 as this would be the final deadline of ARK 21 Shares BTC ETF.
This is followed by the third deadline of much awaited Blackrock's third deadline is by 15th January 2024 while the final deadline is slated on 15th of March 2024.
So important moves ahead and stay invested & reap in the sharp crypto rally.
