Dear Readers,
This week is considered to be an important week not only for BTC but for all the entire crypto market.
At the time of writing this article, the global market cap is 1.63 Trillion USD which is a lower of 1.6% from yesterday.
As the important decisions on various BTC ETFs are being lined up for approval during this week with various rounds of decisions, the crypto markets will be subjected to move violently in any direction. There will be sure pump or dump.
The most important date that everyone is looking at the ARK 21 Shares BTC ETC final round decisions will be by 10th January 2024.
Most of the people are expecting that this would be approved.
Crypto markets are also waiting for the news- to make a violent move ahead.
Another much awaited Blacrock's BTC ETF third round decision will be by 15 January 2024.
BTC is trading 43970 USD and trying to hover around 44000 USD. The RSI comes near to the mid region.
There are also various news spreading across that all the participating companies of the BTC ETFs have already done the majority purchase of BTC. After this ETF approval (*subject to) only the small players and traders would be participating in the BTC buying.
If it gets approved, there BTC will start the upward rally till 50000 USD. If it is rejected BTC would travel down towards 31000 USD.
The other altcoins may also be reacting pushed or pulled by this violent move.
But if the dump comes, it is expected that the recovery would be faster in BTC.
So have a close watch on this and plan & execute your trades accordingly friends.
Fingers Crossed!
