#Bitcoin #ETF Although the approval of applications is delayed, this is the development that everyone in the crypto world has been waiting for. Also, Bitcoin halving is just around the corner. April 2024 Bitcoin gains will be halved. This may reveal the true value of BTC in the long term. Bitcoin $BTC expert comments and analyzes were shared. $50,000 levels.
Bitcoin is currently moving sideways after a long period of growth. BTC is currently testing the $42,000 barrier. However, according to analysts, an increase may await us in the near future.
"Looks like the fix is over," Michael van de Poppe wrote on Twitter. Michael is a very important name in the crypto market. "We will probably test the 47-50k level before ETF."
On the other hand, market expert Ali warns that there may be a sales wave if Bitcoin falls below $ 41,000. More than a million addresses will keep digital gold at this threshold, and if it falls, there will likely be selling pressure.
Currently, Bitcoin is trading between $41,000 and $43,000. Bitcoin spot ETF is expected to launch in January 2024. Evidence of his approval has been accumulating for months. Many experts expect institutional money to flow into Bitcoin next.
As a result, it is obvious that the horizontal trend in Bitcoin currently indicates that ETF applications are expected. Early birds were able to realize profits by entering at the 28 thousand level. ETF and halving are considered as a tremendous event to earn high profits. Corporate investments in BTC represent trillions of dollars entering the ecosystem.
Companies that manage trillions of dollars of funds, such as #blackrock , are applying for ETFs so their investors can invest in Bitcoin.
