BTC ETP approved?! BTC price expectations after halving.
#etf #bitcoin #expectations
Hey everybody!
This is dmassta from Formatiqa_trading
So, Bitcoin ETP (ETF if you wish) is approved by SEC at last (if the SEC website is not hacked and this is not trolling).
I have 3 thoughts that i wish to share:
1) in the long-term this news of course is bullish, although i don't expect bullrush right away; there is a trend support line which (as i think based on my 8 years experience in the market) we should touch at least once in the nearest middle-term future - it is likely around 25k-32k price zone;
2) If we are lucky and Bitcoin ETP (ETF) will actually attract all this retail money from institutionals then we will see the hell of a price somewhere around 350'000$ in the end of 2025 (or even earlier);
3) but the thing is that after Bitcoin CME futures approval in 2017 we didn't get even 100k$ price even in a 4 year period (in 2021), that being said brings us to certain thoughts like "should we think that ETF really will have such an impact as described by the mainstream news or is it another trick to sell bitcoin tohamsters crowd at high price?"; if this is valid (i hope not), then the highest price we'll see is somewhere between 100k$ and 120k$ in the end of 2025.
DISCLAIMER!
This is my opinion and it is not in any way an advice to buy/sell Bitcoin.
Hey everybody!
This is dmassta from Formatiqa_trading
So, Bitcoin ETP (ETF if you wish) is approved by SEC at last (if the SEC website is not hacked and this is not trolling).
I have 3 thoughts that i wish to share:
1) in the long-term this news of course is bullish, although i don't expect bullrush right away; there is a trend support line which (as i think based on my 8 years experience in the market) we should touch at least once in the nearest middle-term future - it is likely around 25k-32k price zone;
2) If we are lucky and Bitcoin ETP (ETF) will actually attract all this retail money from institutionals then we will see the hell of a price somewhere around 350'000$ in the end of 2025 (or even earlier);
3) but the thing is that after Bitcoin CME futures approval in 2017 we didn't get even 100k$ price even in a 4 year period (in 2021), that being said brings us to certain thoughts like "should we think that ETF really will have such an impact as described by the mainstream news or is it another trick to sell bitcoin to
DISCLAIMER!
This is my opinion and it is not in any way an advice to buy/sell Bitcoin.
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