(10/16, Sat) btc rose 7.6% probably due to the SEC's approval of BTC Futures ETF by ProShares

Yesterday(10/15 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $57377, its lowest as $56878, its highest as $63100, its closing as $61713. Bitcoin declined weakly after the start of Friday, reached a low in an hour, and was accompanied by large buying volumes at 02:15 to break through $58500, and it touched $60k at 05:00, and then went sideways and then broke through $60k at 13:45. After that, it broke through to $63k at 20:15 and reached a high, then fell and closed with a final gain of 7.6%.

Looking at the 4-hour chart, Bitcoin, which had undergone corrections on the previous day, rose sharply by raising its upward angle to more than 60 degrees, and its trading volume was also more than 30% larger than the October average, and it seems to show that there is still more upside potential. And if you look at the daily chart, even if it is corrected and supported at $58k, , it seems that it is not too difficult to rise to $75k.

As a news from the cryptocurrency industry, it is said that the US SEC has approved the launch of the industry's first Bitcoin futures ETF by ProShares. It was first approved as a Bitcoin-related ETF in the United States, but spot ETFs are also expected to be approved in a row, which is expected to play a major role in attracting investors who feel burdened with direct investment. Perhaps this news was the powerful ingredient that drove Bitcoin up 44% in two weeks, but as there is a saying, "Buy on the rumors, sell on the news," it's time to be wary of adjustments.