BTC broke the last year's ATH 🥳
The BTC(Bitcoin) price broke the last year's ATH(All Time High) 🎊 I thought the recent sideways is Disbelief. Many crypto investors and newbies were worried about the recent sideways and continuously said that it's gonna be falling under $40k.
As I previously described, it's never been collapsing before touching the MVRV Z Score 2.0. Yeah, the MVRV Z Score is still around 1.5. As well as, short-term holders ratio is still low.
Not only these BTC on-chain data, but also the external issues are looking good. The SEC(Securities Exchange and Commission) has met several times to discuss spot BTC ETF(Exchange-Traded Fund)s applications for the amendments. It had never discussed and cooperated with funds' officials until 2022.
As you can see these progresses, I don't understand why you guys are skeptical with the odds of approvals for spot BTC ETFs. It's definitely different to last few years.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
That's true users are skeptical about BTC ETF approval but I believe that it's gonna be approved hopefully to boost the incoming bull market. Cos I've already invested in it on the largest Copy trading platform.
Thanks for the news!
Amazing
Finally good news!
It is a welcome development but it is a plan to shake off weak hands off the market before the real bull run.
Bitcoin will grow in price until the middle of 2024. And it will reach a price of $ 55,000 per coin, after which the correction will begin. This post is to encourage my analytics.
Finally arrived