Crypto Kid

The CME Group announced their #Bitcoin listing approximately 3 months before its launch.

The price rallied by 220%

In 2017, $BTC topped on the day of the CME listing, falling by 70% in the next 2 months.

Not enough people draw comparisons to the CME when talking about the effects on price the Spot ETFs will have.

I personally believe that on the day where the ETFs are approved, we can see a wick to $47,000 - $48,000, followed by a gradual decrease to the $34,000 level to grab liquidity.

A year after the halving is where we may see #Bitcoin sitting between $90,000 - $95,000.

To add context, the CME Group created the first financial instrument which allowed institutional investors to gain exposure to #Bitcoin

The most important difference is that the top occurred a year and a half after the 2016 halving, which is an appropriate time for a bull market top.

Currently #Bitcoin is in a pre-halving stage, with still a lot of momentum to continue its parabolic rise...