#ETF #bitcoin is coming soon and so is the bull market.
The market is sometimes "manipulated" or influenced by psychology. This mentality can change quickly.
Will the news about #Grayscale drive the market up? 👇
Today Bitcoin surged to nearly $28,000 on positive news.
Summary:
Grayscale wins lawsuit #SEC , can convert Bitcoin fund into ETF.
- Grayscale won a lawsuit against the SEC through which they have the opportunity to adjust their GBTC product into an ETF
- X applies for permission to receive payments in cryptocurrency.
- DCG (Grayscale's parent company) enters into an agreement with creditors.
- Binance reopens in Belgium.
Many concerns have been put to rest, as Binance and DCG were previously haunted by fear. Much joy and momentum has returned, as hopes for a Bitcoin ETF rise with this news.
Does that mean we'll have a Bitcoin ETF this week? I don't think so, but in 2023? Yes, very likely.
It is highly likely that we will see a futures-based Ethereum ETF approved soon.
What will the market be like? The lowest point may have passed, as Bitcoin remains above the 200-week EMA.
Bitcoin prevails as people are more interested in it than altcoins.
That is normal.
Approach:
1 - Bitcoin moves ahead oscillating.
2 - Bitcoin slightly decreased / stabilized.
3 - When Bitcoin surges, altcoins follow, from Ethereum to XRP and others. Transfer of profits.
The approach is simple, just buy every 20-40% drop in Bitcoin over the next two years and you will be successful.
The market is sometimes "manipulated" or influenced by psychology. This mentality can change quickly.
Will the news about #Grayscale drive the market up? 👇
Today Bitcoin surged to nearly $28,000 on positive news.
Summary:
Grayscale wins lawsuit #SEC , can convert Bitcoin fund into ETF.
- Grayscale won a lawsuit against the SEC through which they have the opportunity to adjust their GBTC product into an ETF
- X applies for permission to receive payments in cryptocurrency.
- DCG (Grayscale's parent company) enters into an agreement with creditors.
- Binance reopens in Belgium.
Many concerns have been put to rest, as Binance and DCG were previously haunted by fear. Much joy and momentum has returned, as hopes for a Bitcoin ETF rise with this news.
Does that mean we'll have a Bitcoin ETF this week? I don't think so, but in 2023? Yes, very likely.
It is highly likely that we will see a futures-based Ethereum ETF approved soon.
What will the market be like? The lowest point may have passed, as Bitcoin remains above the 200-week EMA.
Bitcoin prevails as people are more interested in it than altcoins.
That is normal.
Approach:
1 - Bitcoin moves ahead oscillating.
2 - Bitcoin slightly decreased / stabilized.
3 - When Bitcoin surges, altcoins follow, from Ethereum to XRP and others. Transfer of profits.
The approach is simple, just buy every 20-40% drop in Bitcoin over the next two years and you will be successful.
