Post
Topic
Board Bitcoin Discussion
Re: Bad news always brings some good news!
by
komisariatku
on 06/12/2023, 05:16:58 UTC
The main highlight is the news of the approval of the Bitcoin ETF filings by Blackrock et al instead of the case involving CZ which did not even affect the performance of its platform. Bitcoin ETFs have created market optimism since the last quarter of the year which marked the start of a new bull run session.

Here's the latest news: https://cointelegraph.com/news/blackrock-100-k-seed-fund-for-bitcoin-etf-sec-filing

Yes, I agree that news about Blackrock is more trusted by the market than bad news from CZ, so market sentiment remains good. Apart from that, soon there will be a halving phase which historically always makes Bitcoin touch a new ATH. In my opinion, blackrock and halving news is stronger in the market so the price of bitcoin continues to rise consistently

However, I suspect that there will be a price correction soon, hopefully the current correction will not cause the price of bitcoin to fall below 40k, if so then the price of 50k or 60k will be reached soon. Maybe  Cheesy