Channels

Bitcoin

Read

Divergence

<div class="coingape"> 
 <h2 id="bitcoin-s-calm-volatility-stirs-breakout-anticipation">Bitcoin’s Calm Volatility Stirs Breakout Anticipation</h2> 
 <p>This period of calm may soon give way to a dynamic shift, potentially ignited by significant catalysts on the horizon. Notably, applications for spot <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> exchange-traded funds (ETFs) by major players like BlackRock Inc. have caught the market’s attention. If approved, these ETFs could significantly boost demand for <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>The impending verdict on ETF applications, such as the ARK Investment Management LLC filing, holds the potential to disrupt the current placid market conditions. Analysts from K33 Research suggest the SEC’s response to this application by August 13 could spur market volatility, Bloomberg stated.</p> 
 <p>In an earnings call, Galaxy Digital CEO Mike Novogratz cited insider sources suggesting that approval for BlackRock and Invesco’s spot Bitcoin ETFs is a matter of “when, not if.” The anticipation for a spot Bitcoin ETF approval has surged since BlackRock’s filing in mid-June.</p> 
 <p><a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>, trading at approximately $29,771 at the time of writing, remains central to this evolving narrative. Key chart patterns hint at the potential for increased volatility, with a falling wedge pattern suggesting bullish sentiment. Technical indicators point to potential gains toward $34,000, according to Tony Sycamore, a market analyst at IG Australia Pty.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/08/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/08/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/08/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/08/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/08/b31cabf387544aafba212df61a9a40a5.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/08/b31cabf387544aafba212df61a9a40a5.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/08/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/08/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/08/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/08/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p><img decoding="async" class="aligncenter size-full wp-image-156226" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201010%20521'%3E%3C/svg%3E" alt="BTC Chart" width="1010" height="521" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/09/c645c17696705a553694774923297fc2.webp"> 
  <noscript> 
   <img decoding="async" class="aligncenter size-full wp-image-156226" src="https://cdn.thebittimes.com/images/2023/08/09/c645c17696705a553694774923297fc2.webp" alt="BTC Chart" width="1010" height="521"> 
  </noscript></p> 
 <p>Additionally, CoinGape previously reported that the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price might maintain the optimistic perspective shown on the daily chart above $30,000 this week, despite the uninteresting trading environment in the cryptocurrency market. The Moving Average Convergence Divergence (MACD) indicator may be of interest to investors looking for buy indications.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>Famous analyst, <span class="css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0"><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">Tim Haldorsson </span></span>also took to X (Twitter) to give his full support to the largest cryptocurrency. He stated, “Bitcoin is here to stay, this was clear to the people years ago. However big institutions with lower risk tolerance, right now is a perfect time to get started because of the massive upside and limited downside.”</p> 
 <h2 id="what-to-expect-from-bitcoin">What To Expect From Bitcoin?</h2> 
 <p>While <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s historical volatility recently neared a record low, statistical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> reveals that such quiet stretches have historically preceded significant rebounds. Instances of volatility dipping below 20 and subsequently rising above it have led to an average 16% surge in <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s price over the next 30 days.</p> 
 <p>The evolving relationship between <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> and the Nasdaq 100 Index has also garnered attention. A short-term positive correlation indicates that <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s movements may increasingly align with tech stocks, potentially amplifying its response to equity market shifts.</p> 
 <p>In light of these developments, the cryptocurrency market anticipates an imminent transformation in Bitcoin’s trajectory, as it navigates the delicate balance between volatility and stability.</p> 
</div>

Bitcoin To Soon Witness Bullish Breakout Amid BTC ETF Expectations: Bloomberg

Table of Contents

TheBitTimes

Autres articles publiés le 9 août 2023

Shiba Inu’s Bearish Pressures Overruled By Bullish Charge! Here’s The Next Upswing For SHIB Price

Shiba Inu Lead Developer Teases Upcoming Shibarium Mainnet Launch

Bitcoin Price Prediction: BTC Stability, Volatility And Potential Rebound

Maker Price Prediction: Will MKR Price Form A Support At $1200?

Aptos Labs and Microsoft Join Forces in Groundbreaking Tech Partnership

Shiba Inu emerges as top gainer amid high whale activity

Join our free newsletter for daily crypto updates!