Rally

Bitcoin ETF

Spot

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<ul class="news-points"> 
 <li><strong>Van de Poppe predicted that BTC could rally to as high as $48K in the next few weeks</strong></li> 
 <li><strong>BTC’s price could undergo a strong correction after the first spot Bitcoin ETF gets approved, the analyst noted</strong></li> 
 <li><strong>At press time, BTC was changing hands at $37,478.55 after a slight 0.04% 24-hour loss</strong></li> 
</ul> 
<p>Michael Van de Poppe, a widely-followed analyst, predicted that Bitcoin (BTC) may rise to as high as $48K in the weeks leading up to the first spot Bitcoin exchange-traded fund (ETF) getting approved. Following the approval, the analyst anticipates a strong price correction before a “grind” upwards.</p> 
<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin Bull Cycle to $48K with ETF Approval? | CryptoMichNL" width="640" height="360" src="https://www.youtube.com/embed/QTFB6klElSU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>In the video, Van de Poppe shared that he thinks the first spot Bitcoin ETF will receive approval in the next five to six weeks. Furthermore, he predicted that BTC may rally in December as investors try to position themselves to profit from the potential ETF approval.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/xt2sFbQnrEDNc0UksaiJAHGQxbPYe8vEhjMS4NB2XdIcS0htnrMaCN2cn-ToS9JR78p-d37RWaDN0GMtqIdBhjWJFY_6lllAEIgJC0rI6UV41qFxIQ88e5c6ySYNk9gapi7z4tAe8zspKMTu-JlxENg" alt="">
  <figcaption class="wp-element-caption">
   Weekly chart for BTC/USDT (Source: <a href="https://www.tradingview.com/x/qgzfncgn/" target="_blank" rel="nofollow">TradingView</a>)
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 </figure>
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<p>Following the first Spot Bitcoin ETF getting approved, the analyst believes that the leading cryptocurrency’s price may fall. His downside target for this potential pullback is the 200-week Exponential Moving Average (EMA) line on BTC’s chart, which was situate…</p>
<p>The post <a href="https://coinedition.com/btc-could-rally-to-48k-in-december-says-renowned-analyst/">BTC Could Rally to $48K in December, Says Renowned Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BTC Could Rally to $48K in December, Says Renowned Analyst

Coin Edition

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