Bitcoin Gaussian Channel and ETF ð
Will the adoption of #ETF be able to break the historical pattern?ðĪ
In each cycle of bitcoin, the price before the halving could not overcome the 0.78 Fibonacci mark, which acted as resistance.
Now the price has again approached this historical resistance, which is about ~50k.
ðĄIn my opinion, we are unlikely to break through this mark, because the fundamental impact of the ETF on the price of BTC requires time, which, by the way, is not much left until the halving.
I think that's when we will feel the impact of these 2 fundamental events. Decrease in supply and increase in demandð
In each cycle of bitcoin, the price before the halving could not overcome the 0.78 Fibonacci mark, which acted as resistance.
Now the price has again approached this historical resistance, which is about ~50k.
ðĄIn my opinion, we are unlikely to break through this mark, because the fundamental impact of the ETF on the price of BTC requires time, which, by the way, is not much left until the halving.
I think that's when we will feel the impact of these 2 fundamental events. Decrease in supply and increase in demandð
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āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
While the majority on the joys of adopting ETF, drew forecasts of at least 60k, I said why it won't happen at least so soon.
Now, as in the previous cycles, the 0.78 (49k) zone acted as resistance, and Bitcoin went on a correction.
ðĄI think that in the near future there will be consolidations with a possible retest of the lower parts of the Gaussian channel. Use this time for the last selection of assets, because there may not be more such corrections in the next 2 years.
Now, as in the previous cycles, the 0.78 (49k) zone acted as resistance, and Bitcoin went on a correction.
ðĄI think that in the near future there will be consolidations with a possible retest of the lower parts of the Gaussian channel. Use this time for the last selection of assets, because there may not be more such corrections in the next 2 years.