The BTC(Bitcoin) price broke the last year's ATH(All Time High) 🎊 I thought the recent sideways is Disbelief. Many crypto investors and newbies were worried about the recent sideways and continuously said that it's gonna be falling under $40k.
As I previously described, it's never been collapsing before touching the MVRV Z Score 2.0. Yeah, the MVRV Z Score is still around 1.5. As well as, short-term holders ratio is still low.
Not only these BTC on-chain data, but also the external issues are looking good. The SEC(Securities Exchange and Commission) has met several times to discuss spot BTC ETF(Exchange-Traded Fund)s applications for the amendments. It had never discussed and cooperated with funds' officials until 2022.
As you can see these progresses, I don't understand why you guys are skeptical with the odds of approvals for spot BTC ETFs. It's definitely different to last few years.
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That's true users are skeptical about BTC ETF approval but I believe that it's gonna be approved hopefully to boost the incoming bull market. Cos I've already invested in it on the largest Copy trading platform.
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Thanks for the news!
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Amazing
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Finally good news!
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Bitcoin will grow in price until the middle of 2024. And it will reach a price of $ 55,000 per coin, after which the correction will begin. This post is to encourage my analytics.
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It is a welcome development but it is a plan to shake off weak hands off the market before the real bull run.
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Finally arrived
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