Bitcoin ETF

Bitcoin

<p class="is-style-lead">Crypto Capital Venture, a YouTube analyst with 351,000 subscribers, reports that what is currently happening with the spot Bitcoin ETF is a historic moment for the asset’s price.</p>
<p>According to the Jan. 7 video, the analyst shares that if Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) closes a candle above $47,000 before the halving in April, it might be on an early parabolic bull move, unlike anything the market has seen before, despite Bitcoin having reached these levels before.</p>
<p>You might also like: <a href="https://crypto.news/bitcoin-regains-45000-amid-etf-chatter/" rel="noopener noreferrer nofollow"> Bitcoin regains $45,000 amid ETF chatter </a></p>
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<p>The spot Bitcoin ETF is a massive move for all crypto in the long-term shares the analyst. He calls out a speculative post from Alessandro Ottaviani, an X contributor who boasts education from the Austrian School of Economics, stating that from the 11 issuers, there will be $12 to $15 billion of inflow. He contrasts that a separate post stated that even a $3.5 billion inflow would lead to $61,000 BTC. Theoretically, $12 to $15 billion in inflow would push the price of Bitcoin even higher.</p>
<p>Before the previous Bitcoin halving, Crypto Capital Venture points to the 618 Fibonacci line, showing that the price has never gone above it before a halving, and right now, the line is only 8% to 9% away.</p>
<p>He relates in this context, $47,000 is a low bar to hit, given the asset’s current price of $45,000.</p>
<p>Read more: <a href="https://crypto.news/japans-largest-community-e-commerce-platform-to-start-accepting-bitcoin-this-year/" rel="noopener noreferrer nofollow"> Japan’s largest community e-commerce platform to start accepting Bitcoin this year </a></p>

Analyst: Bitcoin about to hit parabolic trigger

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