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<p>The post <a href="https://coinpedia.org/news/crypto-expert-predicts-bitcoin-etf-outcomes-and-expects-altcoin-rally/">Crypto Expert Predicts Bitcoin ETF Outcomes and Expects Altcoin Rally</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As everyone eagerly awaits the decision on the Bitcoin Exchange-Traded Fund (ETF), a Twitter user named Crypto Analyst has shared two different outcomes depending on whether the Bitcoin ETF is approved or rejected with a keen eye on how it could impact the Altcoin market.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-etf-decision-two-possible-scenarios-nbsp">Bitcoin ETF Decision, Two Possible Scenarios&nbsp;</h2> 
<p>Crypto Analyst, a prominent voice in the Twitter crypto sphere, outlines two distinct scenarios based on the impending Bitcoin ETF decision.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw">#btc</a> etf :<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">if rejected expect a nasty dump to as low as $30k.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">if approved , expect a quick pump and then 30-40% correction .<br>After <a href="https://twitter.com/hashtag/btc?src=hash&amp;ref_src=twsrc%5Etfw">#btc</a> dumps initially , after 2-3 days , we will see massive alts rally .</p>— Crypto Analyst (@CryptoA40672341) <a href="https://twitter.com/CryptoA40672341/status/1744519746576433345?ref_src=twsrc%5Etfw">January 9, 2024</a>
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<p>Firstly, if the Bitcoin ETF faces rejection, Crypto Analyst warns of a potential sharp decline in Bitcoin’s price, plummeting to as low as $30,000. This scenario suggests a challenging period for Bitcoin investors as the market reacts negatively to the ETF rejection.</p> 
<p>On the flip side, if the Bitcoin ETF secures approval, the Crypto Analyst envisions an initial rapid surge in Bitcoin’s price, followed by a subsequent correction ranging from 30% to 40%. This forecast implies a volatile yet dynamic market response to the positive news of an approved ETF.</p> 
<p>As reported by Coinpedia, Bitcoin has <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*1m1ktw1*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwNDY5NDEwNy43Mi4xLjE3MDQ3MDQxNDIuMC4wLjA.">seen a surge of 6.15%</a>, and trading at $46,639. Over the last 24 hours, a notable surge in trading volume has been soaring by 71.4%, contributing to an overall market cap of $913 billion.</p> 
<h2 class="wp-block-heading" id="h-post-dump-altcoin-rally-anticipation">Post-Dump Altcoin Rally Anticipation</h2> 
<p>Crypto Analyst doesn’t stop at Bitcoin’s fate post-ETF decision. Meanwhile, the analyst predicts that regardless of the outcome, whether rejection-induced dip or approval-triggered correction, the cryptocurrency market, especially altcoins, will witness a substantial rally.&nbsp;</p> 
<p>The anticipated altcoin surge is projected to occur approximately 2 to 3 days after Bitcoin’s initial movement. As the crypto community braces for the Bitcoin ETF decision, crypto analysts’ insights offer a roadmap for investors to navigate potential market movements.</p>

Crypto Expert Predicts Bitcoin ETF Outcomes and Expects Altcoin Rally

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