What can BTC price tell us about BLACKROCK etf chances ?

23 ก.ค. 2023

News of blackrock and traditional finance filings for bitcoin have been taken as if they'll be a simple clean process to success. Perhaps it will be smooth sailing. I do think theres a decent chance for it to be a rockier road than many are currently thinking.

This gives time for the process to influence btc and crypto prices in the meantime.

Should a roadblock be hit it seems likely that it will cause pressure to the downside. Personally I do not think this is the worse thing. Maybe even a good thing.

There is a large range open to price now (roughly 15k to 60k us$). Holders and traders alike need to be prepared for movements within this range as there is plenty of time till halving.

As always will keep an eye out for emerging news // information // data.

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GeorgeOnTv