Parabolic

Bitcoin ETF

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<ul> 
 <li>Bitcoin forms a historic golden cross pre-ETF, signaling extended bullish trend.</li> 
 <li>Analyst Doctor Profit predicts staged BTC scenarios, maintaining an optimistic outlook.</li> 
 <li>Community anticipates Bitcoin Spot ETF approval impact, despite potential delays.</li> 
</ul> 
<p>In a historic turn of events, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noreferrer noopener nofollow">Bitcoin (BTC)</a> charts a golden cross on its weekly chart, aligning with the imminent <a href="https://www.reuters.com/markets/us/us-spot-bitcoin-etfs-could-win-approval-next-week-after-last-minute-application-2024-01-06/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin Spot ETF approval</a>. This unprecedented golden cross is anticipated to usher in a prolonged bullish trend for the leading crypto asset, according to the community’s widespread speculation.</p> 
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 <img decoding="async" width="1024" height="702" src="https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-1024x702.jpg" alt="" class="wp-image-147187" srcset="https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-1024x702.jpg 1024w, https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-300x206.jpg 300w, https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-768x526.jpg 768w, https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-220x150.jpg 220w, https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1-150x103.jpg 150w, https://cryptonewsland.com/wp-content/uploads/2024/01/Jan-09-2024-Golden-Cross-chart-1.jpg 1173w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Amid the discussion renowned Bitcoin price analyst Doctor Profit reflects on his track record, boasting an impressive 8 out of <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a> correct predictions over the past two years. With an eye on the macro landscape, he foresees a seven-stage scenario for what comes next.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The mother of all macro predictions:<br><br>As you can see I got 8 out of 10 predictions right in the last two years, giving perfect predictions for the next big <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> move and been wrong only twice with absolute minor mistake as you can see in the chart<br><br>So what Iam expecting next… <a href="https://t.co/VrOnr1xanA">pic.twitter.com/VrOnr1xanA</a></p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1744391984645652806?ref_src=twsrc%5Etfw">January 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>Firstly, he anticipates 30-40% correction to the $35K region. This will then be followed by a period of boredom as optimism wanes till the halving and disappointment and skepticism post-ETF verdict.</p> 
<p>Secondly, he expects the initiation of a substantial rally, breaking the $48K barrier which will lead to a rapid ascent to $60K with significant green candles. Finally, he says we will see a minor correction to $55K before another surge where <a href="https://cryptonewsland.com/altcoinist-predicts-two-bull-runs-outlines-potential-scenarios-and-risks/" target="_blank" rel="noreferrer noopener">profit-taking can commence</a> around the $80K mark.</p> 
<p>Despite acknowledging past errors in predicting a bear market and a short-selling target, Doctor Profit maintains a positive outlook. His foresight into the 16-18K range marking the bull market’s start brings confidence, with no plans to sell his holdings anytime soon.</p> 
<p>Doctor Profit suggests holding onto spot positions and avoiding premature profit realization. According to him, the <a href="https://cryptonewsland.com/accurate-bitcoin-price-analyst-predicts-bitcoin-spot-etf-rejection/" target="_blank" rel="noreferrer noopener">Bitcoin Spot ETF approval is imminent this year</a>, even if not in the current month. Community members remain optimistic about bullish outcomes, despite delays in the anticipated verdict on the Bitcoin Spot ETF.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/close-approach-to-bullish-golden-cross-signal-for-bitcoin/">Close Approach to Bullish ‘Golden Cross’ Signal for Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/xrp-verdict-cannot-be-reversed-says-lead-ripple-lawyer/">XRP Verdict Cannot Be Reversed Says Lead Ripple Lawyer</a></li>
 <li><a href="https://cryptonewsland.com/a-crossroads-for-bitcoin-1day-golden-1week-death/">A CrossRoads for Bitcoin: 1Day Golden, 1Week Death</a></li>
 <li><a href="https://cryptonewsland.com/xrps-golden-cross-signals-potential-parabolic-surge-ahead/">XRP’s Golden Cross Signals Potential Parabolic Surge Ahead</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-enters-technical-golden-cross-and-a-new-paradigm/">Bitcoin Enters Technical Golden Cross and a New Paradigm</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/historic-golden-cross-signals-bull-run-ahead-of-bitcoin-etf-verdict/">Historic Golden Cross Signals Bull Run Ahead of Bitcoin ETF Verdict</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Historic Golden Cross Signals Bull Run Ahead of Bitcoin ETF Verdict

Crypto News Land

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