Bitcoin ETF

Bitcoin

<p>The price of Bitcoin is showing signs of strength as it trades above $30,200, holding key support and breaking this year’s highs. According to MN Trading founder Michaël van de Poppe, Bitcoin’s resilience can be attributed to optimistic sentiment ahead of a potential US ETF approval.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="548" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-1024x548.png" alt="" class="wp-image-362566" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-1024x548.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-768x411.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-1536x822.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-2048x1096.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-280x150.png 280w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-654x350.png 654w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613-788x421.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-613.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>In a <a href="https://twitter.com/CryptoMichNL/status/1716712184279937211" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Van de Poppe expressed surprise at Bitcoin’s ability to stay above $30,200 despite recent volatility. He believes the anticipation of SEC approval for a Bitcoin exchange-traded fund (ETF) is fueling bullish momentum.</p>
<p>An ETF would allow mainstream investors easy exposure to Bitcoin through brokerage accounts. The SEC has rejected numerous Bitcoin ETF applications in the past but rising adoption makes approval likely in coming months according to many analysts.</p>
<p>As long as Bitcoin maintains support at $31,000, van de Poppe sees a clear path to $40,000 this year. He advises traders to “buy the dips” during any pullbacks as optimism builds.</p>
<p>Other experts also point to the ETF narrative as a major boon for Bitcoin prices. Improving fundamentals like growing institutional participation appear to be bolstering Bitcoin’s standing with regulators.</p>
<p>Of course, SEC approval is not guaranteed and progress could hit snags. But with tailwinds gathering, Bitcoin bulls feel the stage is set for continued gains through year-end. As long as $30K holds firm, the road to new highs looks increasingly clear.</p>
<p>For cryptocurrency advocates, Bitcoin’s revival offers validation of its enduring value proposition and ability to thrive long-term. However, more risk-averse investors may prefer waiting for concrete regulatory clarity before exposing portfolios.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/bullish-bitcoin-eyes-40k-on-etf-hopes-while-holding-key-support-expert/">Bullish Bitcoin Eyes $40K on ETF Hopes While Holding Key Support – Expert</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bullish Bitcoin Eyes $40K on ETF Hopes While Holding Key Support – Expert

Table of Contents

CaptainAltcoin

Other articles published on Oct 24, 2023

Vodafone, Sumitomo team up with Chainlink to explore trade documents network

[Listing] Neopin Token $NPT listing on GOPAX

Gari Network (GARI) Price Prediction 2024, 2025, 2030, 2040, and 2050

Marinade Finance ceases operations in the UK citing FCA compliance concerns

Fireblocks Appoints Ex-NY Regulator for Blockchain Compliance Products!

Global crypto adoption rate report reveals surprising statistics

Join our free newsletter for daily crypto updates!