Bitcoin ETF

Bitcoin

Spot

Rise

<p>Bitcoin is gearing up for a high-voltage act. With the imminent arrival of the BTC Spot ETF, planned for early January 2024, markets are oscillating between excitement and apprehension. What looms on the horizon is a scenario where bitcoin could soar to unprecedented heights only to later plunge into the depths of volatility. It is a period where every investor must juggle boldness and caution.</p>
<h2 id="h-the-fleeting-brilliance-of-the-bitcoin-etf">The Fleeting Brilliance of the Bitcoin ETF</h2>
<p>In the feverish anticipation of the Bitcoin Spot ETF launch, markets are expecting sharp reactions. Scheduled between January 5 and January 10, 2024, this event could be the trigger for a meteoric rise in BTC, with ETF providers aligning with the “cash only” model <a href="https://www.cointribune.com/en/blackrock-a-cash-bitcoin-etf-to-conquer-wall-street/" target="_blank" rel="noopener noreferrer nofollow">preferred by the SEC</a>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>However, the tide could turn quickly. The actual demand for the BTC Spot ETF may not live up to the electrified expectations, leading to the classic “sell the news” phenomenon. This dynamic envisions an initial spike followed by a precipitous drop, a recurring pattern in the history of financial markets.</p>
<p>Analysts predict resistance around 45-48.5k for bitcoin, followed by a potential retracement towards 36k. This trajectory charts a precarious arc where bitcoin, after reaching for the stars, could fall back to more down-to-earth levels.</p>
<p>For savvy traders, this period suggests mixed strategies. Selling covered call options or buying out-of-the-money put options could be wise to navigate the post-ETF downturn. Now is the time to juggle tactics and strategy, opportunism and caution.</p>
<h2 id="h-ethereum-the-next-poker-move">Ethereum: The Next Poker Move?</h2>
<p>As bitcoin experiences its ups and downs, <a href="https://coinmarketcap.com/fr/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) might emerge as a fascinating alternative. The anticipation of a spot ETF for ETH could shift attention and investments from bitcoin to Ethereum, particularly with strong support in the ETHBTC ratio.</p>
<p>Although the creation of a spot ETH ETF might still be far off, this prospect is already exciting markets. It could trigger a speculative rise in the price of ETH, justified or not. It is a blank page, but one filled with promise.</p>
<p>As we close out a year full of emotions and events, Bitcoin and Ethereum continue to carve their path through uncharted territory.</p>
<p>The post-ETF surge and <a href="https://www.cointribune.com/en/bitcoin-a-drastic-descent-to-come-after-the-approval-of-the-etf/" target="_blank" rel="noopener noreferrer nofollow">the subsequent plunge</a> of bitcoin are just the latest twists in a saga that never ceases to surprise. Stay tuned: in the world of crypto, the only constant is change.</p>

Bitcoin: Illusory Rise Post-ETF Followed by Inevitable Retracement!

Table of Contents

Cointribune EN

Other articles published on Dec 22, 2023

Complex Landscape of Bitcoin: Analyst Crypto Capo’s Market Outlook

Cosmos (ATOM) Wyckoff Analysis (May 2022 – Dec 2023)

Solana Mobile faces inventory challenges amid high demand for Saga

Can the Success of (ACE) Be Repeated by Retik Finance (RETIK)? Yes, Reckon Experts

Satoshi Case: UK Judge Delays Wright vs. Bitcoin Devs Trial to Feb 5

DOT Traders Looking to Open Longs Should Watch Out, Here’s Why

Join our free newsletter for daily crypto updates!