Ethereum

Bitcoin

Frenzy

<p>Bitcoin’s price trajectory remains a topic of intense speculation, with analysts closely monitoring market patterns and key events.<a href="https://youtu.be/TkhSD_rZVh8?si=-XmxYzSdF4SIJLko" target="_blank" rel="noopener noreferrer nofollow"> In a video analysis</a>, top analyst Crypto Rover delved into Bitcoin’s price trends, potential breakout scenarios, and the impact of the upcoming Ethereum spot ETF decision.&nbsp;</p>
<p>Sharing insights from technical analysis and market sentiment, Rover highlighted a “very good” buying opportunity for Bitcoin amid the consolidation phase. Additionally, his analysis spotlighted Bitcoin’s long-term prospects, offering a bullish outlook for the leading crypto.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-price-prediction-strong"><strong>Bitcoin Price Prediction</strong></h2>
<p>Crypto Rover begins by examining the creation and subsequent filling of the CME gap on Bitcoin, emphasizing its significance as a level of resistance. The CME gap, typically filled 90% of the time, offers a predictable trading opportunity. According to Crypto Rover, trading based on these gaps can yield substantial profits, especially with leverage.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/TkhSD_rZVh8?si=VMTVEmhFuQ40E45t" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<p>A CME gap formed over the weekend was filled on Monday, highlighting the reliability of this trading strategy. This consistent pattern in Bitcoin’s price movements presents traders with a dependable opportunity to capitalize on market fluctuations. <em>“There’s a 90% chance that if we’re going to create a CME Gap, it’s going to get filled up on the Monday,”</em> says Crypto Rover.</p>
<h3 class="wp-block-heading" id="strong-current-bitcoin-trends-strong"><strong>Current Bitcoin Trends</strong></h3>
<p>Bitcoin is currently consolidating within an ascending triangle, facing resistance at $67.4k and finding support along a new line. Despite frequent rejections at the resistance level, the overall trend remains bullish. Crypto Rover suggests that a correction to the $64k-$63k range could offer <em>“a very good opportunity to open new trade positions.”</em></p>
<h3 class="wp-block-heading" id="strong-btc-predictions-strong"><strong>BTC Predictions</strong></h3>
<p>Crypto Rover anticipates a breakout within the next 48 hours, with Bitcoin either breaking below the support or above the resistance. If Bitcoin surpasses the $67.4k resistance, the next target is $71.6k, a historicallykey level. This prediction is based on past price behaviors and the current market structure.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/pepe-meme-coin-price-prediction-is-a-50-80-correction-or-new-ath-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>PEPE Meme Coin Price Prediction: Is a 50-80% Correction or New ATH on the Horizon?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-ethereum-spot-etf-strong"><strong>Ethereum Spot ETF</strong></h2>
<p>The impending <a href="https://www.cnbc.com/2024/05/18/crypto-fraud-and-poor-regulation-may-jeopardize-ether-etf-approval.html" target="_blank" rel="noopener noreferrer nofollow">decision on the Ethereum spot ETF </a>is another crucial factor. Market sentiment currently gives only an 11% chance of approval, a drop from 50% last month. Approval would likely cause a substantial market reaction, while denial could present a buying opportunity.&nbsp;</p>
<p>Crypto Rover plans to leverage the market’s response, showcasing his adaptive trading strategy. “<em>If the Ethereum ETF is accepted, the market will see a massive bump towards the upside,</em>” he notes.</p>
<p>Funding rates for Bitcoin are negative, suggesting a bullish sentiment as short positions accumulate. There are short liquidations above $67.8k, indicating potential for a short squeeze. Crypto Rover’s current trades are highly profitable, and he encourages traders to follow his strategies and seize market opportunities.&nbsp;</p>
<p>He emphasizes viewing market corrections as buying opportunities. <em>“Every 20% correction in this market is an opportunity of a lifetime,”</em> he asserts.</p>
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<h2 class="wp-block-heading" id="strong-bitcoin-s-future-prospects-strong"><strong>Bitcoin’s Future Prospects</strong></h2>
<p>The long-term outlook for Bitcoin remains positive, with expectations of substantial price movements soon. The narrow Bollinger Bands indicate low volatility, often preceding a major price movement. Crypto Rover compares the current market conditions to previous bull markets, suggesting Bitcoin is in the early stages of a new bullish phase. He stresses the importance of seizing market corrections as buying opportunities, reinforcing a long-term bullish perspective.</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-price-prediction-expert-spotlights-very-good-btc-buying-opportunity-amid-ethereum-eth-etf-frenzy-heres-his-outook/" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: Expert Spotlights “Very Good” BTC Buying Opportunity Amid Ethereum (ETH) ETF Frenzy – Here’s His Outook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Price Prediction: Expert Spotlights “Very Good” BTC Buying Opportunity Amid Ethereum (ETH) ETF Frenzy – Here’s His Outook

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