Quote from: Kensure on November 11, 2023, 07:18:24 PM

Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.

I expect the price of Bitcoin to go higher than that. However, the support levels are for those who are into Bitcoin for short term gains and for those who have been holding for long, it depends on your income and how long you’ve been holding before you chose to sell.

Quote from: yhiaali3 on Today at 11:42:51 AM

But I disagree with your point that the reason for this bullish momentum is “increased optimism surrounding the potential approval of the Bitcoin Spot ETF by the SEC.” We have already noted in previous posts that the impact of the approval has diminished very much and is unlikely to be the reason of Bitcoin's current rise.

What an interesting comment. I believe it is a false assumption that a spot ETF will immediately raise the demand for Bitcoin and contribute to the potential rise of the price of Bitcoin which is leading to the Bullish moment we see now. Since 2017 all the bitcoin spot ETFs have been delayed and rejected I dont know why this current one seems differently and many persons are certain that it will be accepted. I hope to see the outcome on the last day.