IS IT TIME TO BUY MORE BITCOIN?
The Bitcoin has had setbacks in the price which has happened partly due to the problem that we have been carrying since Sunday afternoon, however it could be a good opportunity to acquire more BTC if that is the plan that you have.
BTCBTCBTCBTC
BTCBTCBTCBTCBTCBTCBTCIf Bitcoin is able to maintain the rate for the next month and a half, everything could change on February 27, since it could receive a good bullish momentum if the SEC (the US markets regulator) approves the first quoted fund (ETF) denominated in the digital currency, a decision that has been repeatedly postponed. Specifically, it is about deciding on a possible authorization to the ETF proposed by the company SolidX Partners and Van Eck Associates. In theory, the SEC would have had to pronounce on this vehicle in December, but the lack of adoption of the digital currency among the world of institutional investors, and the constant regulatory problems that appear every day, have once again postponed the decision.According to http://www.finanzas.com
If you believe that the coming news about SEC could make the trend bullish then you need to accumulate more bitcoin while it's price is more cheaper. Yes it could make the price rise a little bit but not enough to rise higher to the $10k level as this should need more adoptions to rise higher to above the all time high. With or without ETF this bitcoin will rise if we have more adoptions that will increase the daily demand and we should use this coin for our daily transactions and buy more bitcoin for our future. Indeed nobody can predict the price of bitcoin as this will follow with the demand in the whole crypto market.