BTC Price Targets Weekly closing price above $ 60,000 before the Bitcoin ETF mayhem
Bitcoin will have an important weekly close on October 17th. Bulls try to break the last stand before ATH. BTC
diagram BTC price 4 hours | Source: TradingView
Bitcoin included delete the last resistance
Data from TradingView shows that BTC was mostly over $ 60,000 all weekend.
This week’s closing price is said to be important, possibly an all-time high, as Bitcoin only finished the weekly candle above the $ 60,000 mark once.
With only a few hours left, analysts are preparing for a potentially pivotal moment that could pave the bulls’ way into uncharted territory.
Rekt Capital commented:
“Today’s closing price above the red zone will help Bitcoin confirm a breakout beyond the last major resistance in the weekly timeframe.”
diagram BTC price 1 day | The source: Rect capital
Trader Pentoshi added that Bitcoin has now returned to its all-time high market cap in the daily timeframe, further adding to the “importance” of the current trading range.
$ BTC Market capitalization touched ATH in the last candle
Seems important pic.twitter.com/oOISDTrGga
– Pentoshi won’t condemn you. hates dms. DMs are scams (@ Pentosh1) October 16, 2021
“BTC market capitalization reaches ATH When close the candle next. Seems to be important. “
“Buy rumors, sell them” truth? “
In the meantime, interesting BTC price promotions are expected not only this weekend, but also at the beginning of next week.
Monday could be the day the first US Bitcoin Exchange Traded Fund (ETF) product hits the market.
As Bitcoin price escalates like last weekend’s long-awaited rumors, fears that it could become a “buy the rumor, sell the truth” event are likely to create massive volatility.
Opinion poll! The approval of a #bitcoin SEC ETF is a classic “buy the rumor, sell the fact” event? #BitcoinETF
– jeroen blokland (@jsblokland) October 14, 2021
“Poll! Is the SEC approval of a Bitcoin ETF a“ buy the rumor, sell the truth ”event? particularly are not? 55.7% yes. 44.3% no “
Additionally, there are doubts that regulators will stop introducing a physical Bitcoin ETF next month, which analysts say will prevent most of the institutional capital from entering the area.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
At home at home
According to Cointelegraph
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Author
Market
BTC Price Targets Weekly closing price above $ 60,000 before the Bitcoin ETF mayhem
Bitcoin will have an important weekly close on October 17th. Bulls try to break the last stand before ATH. BTC
diagram BTC price 4 hours | Source: TradingView
Bitcoin included delete the last resistance
Data from TradingView shows that BTC was mostly over $ 60,000 all weekend.
This week’s closing price is said to be important, possibly an all-time high, as Bitcoin only finished the weekly candle above the $ 60,000 mark once.
With only a few hours left, analysts are preparing for a potentially pivotal moment that could pave the bulls’ way into uncharted territory.
Rekt Capital commented:
“Today’s closing price above the red zone will help Bitcoin confirm a breakout beyond the last major resistance in the weekly timeframe.”
diagram BTC price 1 day | The source: Rect capital
Trader Pentoshi added that Bitcoin has now returned to its all-time high market cap in the daily timeframe, further adding to the “importance” of the current trading range.
$ BTC Market capitalization touched ATH in the last candle
Seems important pic.twitter.com/oOISDTrGga
– Pentoshi won’t condemn you. hates dms. DMs are scams (@ Pentosh1) October 16, 2021
“BTC market capitalization reaches ATH When close the candle next. Seems to be important. “
“Buy rumors, sell them” truth? “
In the meantime, interesting BTC price promotions are expected not only this weekend, but also at the beginning of next week.
Monday could be the day the first US Bitcoin Exchange Traded Fund (ETF) product hits the market.
As Bitcoin price escalates like last weekend’s long-awaited rumors, fears that it could become a “buy the rumor, sell the truth” event are likely to create massive volatility.
Opinion poll! The approval of a #bitcoin SEC ETF is a classic “buy the rumor, sell the fact” event? #BitcoinETF
– jeroen blokland (@jsblokland) October 14, 2021
“Poll! Is the SEC approval of a Bitcoin ETF a“ buy the rumor, sell the truth ”event? particularly are not? 55.7% yes. 44.3% no “
Additionally, there are doubts that regulators will stop introducing a physical Bitcoin ETF next month, which analysts say will prevent most of the institutional capital from entering the area.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
At home at home
According to Cointelegraph
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Other Posts
Related Posts
Latest
Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says
Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains
EarnBet.io Sets New Benchmark with $2 Billion in Player Winnings and Unmatched Rewards Programs
Press Release
Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says
EarnBet.io Sets New Benchmark with $2 Billion in Player Winnings and Unmatched Rewards Programs
