Btcetf
$BTC Liquidity LevelsThe liquidity levels of CRYPTOCAP:BTC are currently as follows:
🔵 Buy Side Liquidity: $48,240 | $68,900
🔴 Sell Side Liquidity: $24,240 | $15,460
🟠 Psychological Level: $50,000
The decision day for the #BitcoinETF is set for January 10, 2024. However, there seems to be strong rejection and delay vibes in the air. The SEC is playing clown games, testing our nerves.
During uncertain times like these, it is best to preserve funds and stay patient. Sometimes, the best trade is no trade at all.
Bitcoin Soon $200k if ETF get to Approved ?BIG NEWS: Bitcoin Aiming for $209,000 / MIL:BTC
Get ready for a potential surge as history repeats itself:
2004: Gold Spot ETF Approval
Result: Gold Price Soared by 481%
#Bitcoin currently at $43,480
High chance of #ETF Approval in days
A 481% increase from now = $209,000 BTC
Fun Fact: #Gold never returned to its pre-approval price.
Are we in for a wild ride?
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉
And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven".
🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come.
Given that today the price has returned to the ascending D1 Channel, several scenarios are possible:
🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity.
🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity.
In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰
The market is always unpredictable. 🔥
And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility.
CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf