Bitcoin Price and Trade Volume
Bitcoin price dropped 1.43% in the last 24 hours to trade at $42,384, with trading volume falling by 13%.
Spot Bitcoin ETF Approval Deadline
Investors de-risk ahead of the spot Bitcoin ETF approval window opening on January 5, within six days. A short-term price volatility is expected.
Cathie Wood’s Perspective
Cathie Wood foresees a short-term ‘sell on news’ effect of the potential spot Bitcoin ETF approval. Nevertheless, she believes the long-term perspective is promising.
Fifth Amendment for BTC ETF Application
A fifth amendment of the spot BTC ETF application submitted by an investment firm follows news of Cathie Wood selling all her Grayscale Bitcoin Trust (GBTC) position.
Bitcoin Price Outlook
Bitcoin price consolidation is observed along an ascending trendline with the $44,406 resistance level holding. The next short-term directional bias for Bitcoin price remains critical at $48,000 and $37,800.
Converse Case
If buyer momentum rises, Bitcoin price may move north, shattering the $44,406 barrier before possibly extending beyond the $48,000 psychological level.
Alternatives to Bitcoin
An investment firm believes in the promise of a new project, saying that Bitcoin Minetrix is among the best altcoins to invest in.
Promising Cloud-Mining Alternative
Bitcoin Minetrix aims to make Bitcoin ownership a reality for everyone by lowering entry barriers into the BTC market through an innovative cloud-mining project.
Hot Take
Hurry and take advantage of Bitcoin Minetrix’s token offering before the price rises – offer valid for the next three days only.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.