Token

Bitcoin ETF

Bitcoin

<div class="insidebitcoins">
 <p>Bitcoin price is up 0.3% in the last 24 hours to trade for $41,715 as of 5:00 AM EST, flanked by a 21% increase in trading volume.</p>
 <p>Amid ongoing Bitcoin exchange-traded funds (ETFs) hype and the anticipated BTC halving, the crypto industry is rediscovering its animal spirits.</p>
 <p>That’s why now would be the best time to buy BTCETF, a project that’s front-running spot Bitcoin ETF approvals and rewarding token holders just for ownership.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">The #BTCETF #Token stands as more than a typical #DigitalCurrency; it's a forward-thinking initiative shaping the future of #Bitcoin ETFs. 🌟</p>
  <p>Leveraging #Ethereum, #BitcoinETF foresees and embraces this forthcoming evolution, presenting exclusive advantages to its user base. pic.twitter.com/inReCyJ3Ax</p>
  <p>— BTCETF_Token (@BTCETF_Token) November 28, 2023</p>
 </blockquote>
 <p></p>
 <p>&nbsp;</p>
 <h2 id="bloomberg-sees-the-start-of-a-crypto-supercycle">Bloomberg Sees The Start Of A Crypto Supercycle</h2>
 <p>Amid the hype, Bloomberg said that “Bitcoin topping $42,000 is just the start of a fresh crypto supercycle that will push the world’s biggest token above $500,000 in what adherents say is the new monetary order taking Wall Street by storm.”</p>
 <p>With Bitcoin price climbing for the third month in a row, boasting upwards of 10% in gains since the onset of December, it’s reclaimed levels last seen in April 2022 before the collapse of the Terra UST ecosystem.</p>
 <p>In the meantime, Bitcoin price is trading within a weekly supply zone on the 1-week timeframe. It shows potential to extend the primary trend, as technical indicators support the bullish outlook.</p>
 <h2 id="bitcoin-price-prognosis-as-btc-trades-within-a-weekly-supply-zone">Bitcoin Price Prognosis As BTC Trades Within A Weekly Supply Zone</h2>
 <p>After a 150% climb year-to-date, Bitcoin price is trading within a supply barrier that extends from $40,517 to $46,972. The primary trend is bullish, with technical indicators showing increasing appetite among the bulls.</p>
 <p>For starters, the Relative Strength Index (RSI) is northbound suggesting momentum is still rising. If sustained, it could deliver more gains for Bitcoin price especially because the bulls continue to maintain a presence in the BTC market. Evidence of this is the position of the Awesome Oscillator (AO) in the positive territory with growing volumes of green histogram bars. This shows that the bulls are leading the BTC market.</p>
 <p>Increased buying pressure above current levels, therefore, could see Bitcoin price extend north to confront the mean threshold (midline) of the supply barrier at $43,864. A break and close above this level would confirm the continuation of the trend, potentially seeing the weekly supply zone flipped to a bullish breaker.</p>
 <p>Further north, Bitcoin price could extend the gains to breach the $50,000 psychological level and in a highly bullish case, extend the gains to confront the $55,560 resistance level, last tested in November 2021.</p>
 <figure id="attachment_463212" aria-describedby="caption-attachment-463212" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-463212 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201271%20539'%3E%3C/svg%3E" alt="Bitcoin price" width="1271" height="539" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 1271w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 768w" data-lazy-sizes="(max-width: 1271px) 100vw, 1271px" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp">
  <noscript><img decoding="async" class="wp-image-463212 size-full" src="https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp" alt="Bitcoin price" width="1271" height="539" srcset="https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 1271w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/07705935345fae190c3112028c41e152.webp 768w" sizes="(max-width: 1271px) 100vw, 1271px">
  </noscript>
  <figcaption id="caption-attachment-463212" class="wp-caption-text">
   TradingView: BTC/USDT 1-week chart
  </figcaption>
 </figure>
 <p>On the flip side, if the supply zone holds as a resistance level, rejecting Bitcoin price, the ensuing selling pressure could send BTC south, losing the $40,000 psychological level. In the dire case, the slump could extend for Bitcoin price to test the $30,000 psychological level. Such a move would denote a 30% drop below current levels.</p>
 <h2 id="on-chain-metrics-supporting-bullish-outlook-for-bitcoin-price">On-chain Metrics Supporting Bullish Outlook For Bitcoin Price</h2>
 <p>Santiment data shows fresh capital still flowing into the BTC market, indicated in the spikes on the active stablecoin deposits and the increasing market capitalization of Tether (USDT) stablecoin. This adds credence to the bullish thesis.</p>
 <figure id="attachment_463219" aria-describedby="caption-attachment-463219" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-463219 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%203840%201300'%3E%3C/svg%3E" alt="Bitcoin santiment" width="3840" height="1300" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 3840w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 2048w" data-lazy-sizes="(max-width: 3840px) 100vw, 3840px" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp">
  <noscript><img decoding="async" class="wp-image-463219 size-full" src="https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp" alt="Bitcoin santiment" width="3840" height="1300" srcset="https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 3840w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/d9cb2f2fec0fd1389178d37421541b15.webp 2048w" sizes="(max-width: 3840px) 100vw, 3840px">
  </noscript>
  <figcaption id="caption-attachment-463219" class="wp-caption-text">
   BTC Santiment: Active stablecoin deposits, USDT market cap
  </figcaption>
 </figure>
 <p>Also, the daily active addresses are spiking pointing to increasing crowd interaction with BTC. This is bullish for Bitcoin price as it shows the number of unique addresses involved in BTC transactions is increasing.</p>
 <figure id="attachment_463221" aria-describedby="caption-attachment-463221" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-463221 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%203840%201300'%3E%3C/svg%3E" alt="BTC Santiment" width="3840" height="1300" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 3840w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 2048w" data-lazy-sizes="(max-width: 3840px) 100vw, 3840px" data-lazy-src="https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp">
  <noscript><img decoding="async" class="wp-image-463221 size-full" src="https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp" alt="BTC Santiment" width="3840" height="1300" srcset="https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 3840w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 300w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 1024w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 768w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 1536w, https://cdn.thebittimes.com/images/2023/12/05/9a59403126e7757fdd4f2acaa737c7e8.webp 2048w" sizes="(max-width: 3840px) 100vw, 3840px">
  </noscript>
  <figcaption id="caption-attachment-463221" class="wp-caption-text">
   BTC Santiment: Daily active addresses
  </figcaption>
 </figure>
 <p>Meanwhile, anything that is good for Bitcoin and Bitcoin ETF applications is also good for the Bitcoin-themed ETF coin, BTCETF.</p>
 <p></p>
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/GbPkmeUKDo0" data-id="GbPkmeUKDo0" data-query="feature=oembed" data-alt="🚀 Bitcoin ETF (BTCETF) Shatters Presale 📈 Get Ready to Ride the Explosive Wave! 💥 Are You Buying?"></div>
 <noscript><iframe title="🚀 Bitcoin ETF (BTCETF) Shatters Presale 📈 Get Ready to Ride the Explosive Wave! 💥 Are You Buying?" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/GbPkmeUKDo0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </noscript>
 <p></p>
 <h2 id="promising-alternative-to-bitcoin">Promising Alternative To Bitcoin</h2>
 <p>BTCETF, powering the Bitcoin ETF Token project, is a clear front-runner ahead of spot BTC ETF approvals. It is the only ecosystem that rewards token holders as the ETF products are approved, which explains the community support it has garnered, nearing 3.5K in followership on X so far.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">What's the aim of the #BTCETF #Token?</p>
  <p>This #BitcoinETF token, operating as an ERC-20 token, commemorates the anticipated introduction of #Bitcoin ETFs into the American financial markets. 🎉 pic.twitter.com/nybwFgMwwH</p>
  <p>— BTCETF_Token (@BTCETF_Token) December 5, 2023</p>
 </blockquote>
 <p></p>
 <p>The project is in the seventh stage of the presale, where each BTCETF token is selling for $0.0062. Presale sales have reached $2.558 million, out of the target objective of $2.876 million. Buy BTCETF in the current stage to avoid higher rates.</p>
 <p></p>
 <div class="rll-youtube-player" data-src="https://www.youtube.com/embed/TxSvvYbmjHA" data-id="TxSvvYbmjHA" data-query="feature=oembed" data-alt="BTC ETF Token Presale Raises $2,500,000 - New 10x Potential Crypto?!"></div>
 <noscript><iframe title="BTC ETF Token Presale Raises $2,500,000 - New 10x Potential Crypto?!" width="640" height="360" src="https://www.youtube.com/embed/TxSvvYbmjHA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </noscript>
 <p></p>
 <p>You have less than 24 hours to buy BTCETF in the current stage. Visit Bitcoin ETF Token website here to make your purchase.</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>How To Buy Bitcoin ETF Token On Presale – Alessandro De Crypto Video Review</li>
  <li>Bitcoin Price Prediction: With BTC Exploding To 20-Month High, Could This ETF-Linked Presale Coin Make You A Millionaire?</li>
  <li>Top Crypto Presales to Consider Ahead of the Next Bitcoin Halving – Bitcoin Minetrix, Meme Kombat, TG.Casino and Bitcoin ETF Token</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-prediction-bloomberg-sees-btc-heading-to-500k-in-new-crypto-supercycle-that-would-send-this-bitcoin-etf-themed-coin-into-orbit-tbt72652.html">https://thebittimes.com/bitcoin-price-prediction-bloomberg-sees-btc-heading-to-500k-in-new-crypto-supercycle-that-would-send-this-bitcoin-etf-themed-coin-into-orbit-tbt72652.html</a></p>
</div>

Bitcoin Price Prediction: Bloomberg Sees BTC Heading To $500K In New Crypto Supercycle That Would Send This Bitcoin ETF-Themed Coin Into Orb...

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