Cryptocurrency

Bitcoin ETF

Impact

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/anticipation-of-a-spot-bitcoin-etf-approval-and-its-potential-impact-on-cryptocurrency-prices/" data-wpel-link="internal">Anticipation of a Spot Bitcoin ETF Approval and Its Potential Impact on Cryptocurrency Prices</a><br></p>
<p style="text-align: justify">BTC price has risen to the brink of $43,700 at the time of writing, and there is a sentiment that an ETF approval could come at any moment. The recent share by the Galaxy CEO and the days pointed out by Reuters, Tuesday and Wednesday, bring a justified excitement. So, if a real Spot <a href="https://en.coin-turk.com/market-optimism-and-the-potential-impact-of-a-spot-bitcoin-etf-approval/" data-wpel-link="internal">Bitcoin</a> ETF approval happens, how much could XRP, SOL, and <a href="https://en.coin-turk.com/bitcoins-decline-explained-a-look-at-the-current-state-of-cardano-ada/" data-wpel-link="internal">ADA</a> Coin be worth?</p> 
<h2 style="text-align: justify" id="xrp-coin-technical-analysis">XRP Coin Technical Analysis</h2> 
<p style="text-align: justify">If BTC rises rapidly without crushing even the major altcoins, it is expected that XRP Coin and others will also get their share of this FOMO. The support level at $0.60 remains strong, and if the trend line is breached, XRP Coin’s price could rise to $0.74. However, in the opposite scenario, a rapid BTC rise could pressure the price, and the popular altcoin could see a drop to $0.56 and $0.46.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296869 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/XRP-Coin-Grafik-Fiyat-Tahmin.png" alt="" width="1492" height="842"></p> 
<h2 style="text-align: justify" id="sol-coin-technical-analysis">SOL Coin Technical Analysis</h2> 
<p style="text-align: justify">SOL Coin has maintained support at $96.68 even in a selling environment. The maintenance of higher levels of support after a rapid rise reflects the bulls’ appetite for new peaks. SOL Coin investors have made significant gains in a very short time. The resistance at $107 has been breached, and if SOL Coin starts closing above $110, it will be an important bullish signal.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296870 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/SOL-Coin-Grafik-Yorum-Analiz.png" alt="" width="1488" height="838"></p> 
<p style="text-align: justify">In the continuation of the rally, targets of $156 and $200 can be aimed for. The critical support to watch on the downside is the 20-day EMA. If support near $95 is lost, panic selling could accelerate the decline. In this case, a sharp drop to the $74 support level could occur, and likely buyers will be ready to act depending on the situation.</p> 
<h2 style="text-align: justify" id="ada-coin-technical-analysis">ADA Coin Technical Analysis</h2> 
<p style="text-align: justify">Cardano continues to trade within a symmetrical triangle formation, which indicates indecision between bulls and bears. This is generally considered a continuation pattern, and predicting the direction is not very feasible before a breakout occurs.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296871 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/ADA-Coin-Grafigi-Yorum.png" alt="" width="1490" height="841"></p> 
<p style="text-align: justify">Assuming that the BTC price will rise and break upwards, we should see a move towards $0.68 and $0.8. If ADA Coin goes in the opposite direction, then we could see it retreat to as low as $0.51.</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/anticipation-of-a-spot-bitcoin-etf-approval-and-its-potential-impact-on-cryptocurrency-prices/" data-wpel-link="internal">Anticipation of a Spot Bitcoin ETF Approval and Its Potential Impact on Cryptocurrency Prices</a></h5>

Anticipation of a Spot Bitcoin ETF Approval and Its Potential Impact on Cryptocurrency Prices

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 1 ene 2024

Bitcoin’s Remarkable Journey in 2023: Resilience and Strategic Progress

Investor Ramai Lirik Solana (SOL) dan Retik Finance (RETIK), Ini Alasannya

Will BONK retrace 100% of its gains?

The Potential Impact of Bitcoin Spot ETF on Institutional Investors

Ethereum Insider: ‘Dominoes Begin To Fall’ With Other Whistleblowers

Top Analyst Predicts New All-Time Highs for DeFi Altcoin, Says Layer-1 Coins Are Heating Up

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!