What do you think guys, will bitcoin get to 10k if Bakkt gets approved or perhaps other etfs?
I believe november 5 is the deadline for etf approval, so perhaps until this date we can see a bitcoin price spike to like 7-8k range? What do you think
I am not sure if it will reach 10k, I mean I definitely agree that if one day any ETF not just bakkt gets accepted the price will definitely go up really high but the 10k mark is a treshold for anyone involved and whenever we reach those levels there is pressure to drop back so that whales would make a killing on the market for their short futures.
It is easy to create fud during 10k than 6k, at 6k it is harder to drop further but at 10k it is easier to drop. Which means 8k is more possible but even if we reach anything above 10k it would be very risky to stay there. Not until 2020 halving at least.