The Bitcoin Price Lingers at $36.3K
The Bitcoin price has dropped by 2% within the last 24 hours, currently trading at approximately $36.3K as of 2:30 a.m. EST. @IncomeSharks, a renowned analyst, predicts minor corrections in the Bitcoin price in the short term.
Bitcoin Price Prediction
When looking at the 2-hour BTC/USD charts, it indicates that the Bitcoin price is on a bearish momentum with various candle stick patterns forming. The Relative Strength Indicator shows a downward trend, and the MACD is also approaching a shift towards the red zone. Volatility is currently low, as the Bollinger Bands display minimal movement. Trading volume has decreased by 25% in the last 24 hours.
Meanwhile, a new Bitcoin ETF Token (BTCETF) seems promising for substantial gains due to its direct connection to ETF-related events.
What Is Bitcoin ETF?
An Initial Coin Offering (ICO) launch introduces a new Bitcoin exchange-traded fund token (BTCETF). BlackRock’s application for a Bitcoin exchange-traded fund is anticipated to be approved soon, potentially leading to the introduction of a spot Bitcoin ETF in the United States.
Amidst the excitement around the potential approval of a Bitcoin ETF, the BTCETF Token, a novel cryptocurrency initiative, has emerged. It allows investors to speculate on the market’s response to an ETF approval.
Innovative Features Of BTCETF Token
The BTCETF Token offers incentives for long-term investment, including a deflationary process, as a portion of the token supply is burned during significant events. It provides staking payouts for locked-up tokens, early backer discounts, and early product access. The presale for the Bitcoin ETF Token is currently open, with different phases offering distinct token prices.
Hot Take
Keep an eye out for potential Bitcoin ETF approval and consider participating in the presale for the Bitcoin ETF Token.
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.