Post
Topic
Board Speculation
Re: Share your opinion on the market.
by
bayu7adi
on 22/10/2023, 14:07:14 UTC
Fundamentally there may be no strong analysis that can provide references about prices, however my assumption is related to some cases that occur, regarding negative and positive news about Bitcoin. So let's see how at the end of this month Bitcoin shows the price and I hope $ 30k is the right price for closing this month.
Regarding the Bitcoin ETF, any decision from the SEC will undeniably impact the price. If there's a delay in the SEC's decision announcement, there's a likelihood that BTC will remain in the $28k-$30k range. We all know that the SEC often requests extensions to announce their decisions, and this significantly affects market demand. Investors' confidence was bolstered when the SEC lost in its battle against Grayscale Investments in court. So, there really isn't any other reason to hold back the progress of BTC. Sooner or later, Bitcoin must experience a bullish trend.

As of now, I still perceive a positive market sentiment. The deadline set by the SEC for the Grayscale decision will likely be announced before January 10. There's still time to keep BTC prices from breaking the support level.