From the opinion that Bitcoin is still maintaining an uptrend, Global X submitted an application to register #bitcoin spot ETF to the SEC. Here are some outstanding news on the market #crypto.

Seasoned trader, Tone Vays, is bullish on Bitcoin (BTC) despite the leading crypto asset currently hovering below $30,000.

In a new video, Vays told his 122,000 YouTube subscribers that he believes Bitcoin will trend upward as long as the $28,000 support level is not broken.

According to Vays, the price could increase about 17% from current levels if BTC rises and stays above $30,000 for at least a few days.

“As long as $28,000 holds, the market will see momentum moving higher. We will wait for some confirmation after a sustained close above $30,000 for a few days. And then the market will have more momentum ready to head towards $34,000.”

Conversely, if Bitcoin falls below support around $28,500, the risk of a sharp correction is likely to increase.

“$28,500 is the key area. Below this bottom, things can get worse. If BTC falls below the trendline (diagonal), then the market will approach a reversal bottom around $28,500. And if this level is broken in the near future, BTC will have to witness a strong correction.”

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