Bitcoin ETF

Bitcoin

April

<p>The long-awaited approval of a Bitcoin exchange-traded fund (ETF) in the US could actually catalyze a correction in crypto prices rather than an immediate rally, according to analysis by <a href="https://twitter.com/cryptonary/status/1734589267580498217" target="_blank" rel="noopener noreferrer nofollow">Cryptonary</a>.</p>
<p>As the SEC corresponds more actively with ETF applicants, optimism mounts that key regulatory obstacles may soon be cleared, perhaps as early as January 2023. However, Cryptonary cautions that <strong>capital won’t instantly flood crypto markets,</strong> even with approvals.</p>
<p>Operationalizing and launching Bitcoin ETFs remains a lengthy process, taking 4–8 weeks. But irrational exuberance could still ignite a temporary surge across digital assets when approvals hit the wire.</p>
<p>When the delayed reality of additional demand sets in, a rebuttal selloff could ensue as speculators cash out, expecting a more linear reaction.</p>
<p>So Cryptonary suggests the regulatory green light sets up <strong>a meaningful correction in Q1 2024</strong> rather than sparking the oft-predicted surge towards $100k Bitcoin. Establishing a bull trend may take until April or beyond, absent other risk catalysts.</p>
<p>In the meantime, crypto markets are likely to grind higher in anticipation of eventual ETF launches. But secured approval could perversely deflate excessive optimism built on false assumptions of instant impacts.</p>
<p>Read also:</p>
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<p>Once again, traders must play a disciplined defense against impulse and assumption, balancing patience with preparation.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-etf-approval-analyst-details-if-it-could-trigger-a-sell-the-news-reaction/" rel="noopener noreferrer nofollow">Bitcoin ETF Approval: Analyst Details If It Could Trigger a ‘Sell-The-News’ Reaction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin ETF Approval: Analyst Details If It Could Trigger a ‘Sell-The-News’ Reaction

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