Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-market-awaits-historic-etf-decision-amidst-volatility/" data-wpel-link="internal">Bitcoin Market Awaits Historic ETF Decision Amidst Volatility</a><br></p>
<p style="text-align: justify">BTC has started trading within a narrow range again, but is in a better position today after closing the last weekly red candle. The FUD at the beginning of the week triggered sales, and although BTC has shaken off its wounds, the losses in altcoins have not yet been compensated. So, what are the current expectations of the experts?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">On January 10, we will experience one of the most important events of the year. A historic decision for cryptocurrencies, if a spot <a href="https://en.coin-turk.com/analysts-predict-continued-growth-for-cryptocurrency-despite-challenges/" data-wpel-link="internal">Bitcoin</a> ETF approval is coming, we will find out on Wednesday. We have been following every step for weeks. AP agreements, updates in the files, acceptance of only the cash mechanism, and finally, the forms uploaded to the SEC system by the exchanges in the later hours of Friday.</p> 
<p style="text-align: justify">The developments over the past weeks suggest that the anticipated rise in the crypto markets could be triggered by the approval of the ETF. There is a sentiment spreading that a strong ‘sell the <a href="https://newslinker.co/" data-wpel-link="exclude">news</a>‘ event will occur next week, as everyone seems certain of the spot Bitcoin ETF approval.</p> 
<p style="text-align: justify">The problem for bears is that on the first trading day alone, demand close to 2 billion dollars from BlackRock is expected. If trillion-dollar asset managers reach billion-dollar volumes on Thursday or the first day of listing, this will reflect the massive demand. Moreover, we could move into a period where the ‘sell the news’ event is suppressed and the price doubles due to the extreme institutional demand meeting a supply shortage.</p> 
<p style="text-align: justify">Unlike futures ETFs, Spot Bitcoin ETFs are required to hold BTC in reserve, which is no different from Tesla’s billion-dollar BTC purchase.</p> 
<h2 style="text-align: justify" id="experts-crypto-comments">Experts’ Crypto Comments</h2> 
<p style="text-align: justify">Investor and commentator Matthew Hyland warned of the upcoming volatility, saying “Bollinger Bands are tightening even more as we enter ETF week.” This supports the possibility of seeing high volatility in both directions next week. Although everyone seems sure of a rise, there will also be many large investors looking to profit from speculative movements with substantial profit-taking.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299239 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/Bitcoin-DUser-Mi-Ocak.webp" alt="" width="878" height="827"></p> 
<p style="text-align: justify">Daan Crypto Trades mentioned that the situation known as “spot premium” is once again active in the Bitcoin markets, and derivative investors are showing less appetite for long positions. This situation undermines the bullish sentiment.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-299240 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/kripto-paralar-tahmin.png" alt="" width="951" height="560"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-market-awaits-historic-etf-decision-amidst-volatility/" data-wpel-link="internal">Bitcoin Market Awaits Historic ETF Decision Amidst Volatility</a></h5>

Bitcoin Market Awaits Historic ETF Decision Amidst Volatility

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