Bitcoin Bulls in Full Swing: ETF Approval (Swing)
Fundamental:
The recent approval of the
BTCUSDT Bitcoin ETF spot in the US has sent positive shockwaves through the crypto market, providing a strong fundamental backing for a bullish outlook. Additionally, the upcoming halving event for Bitcoin adds further fuel to the potential for a sustained upward trend.
Technical
Bitcoin has exhibited a consistently bullish trend over the past few weeks, with a series of higher highs and higher lows. This technical momentum is supported by the convergence of key indicators, notably the 0.618 Fibonacci retracement level and the 20 Exponential Moving Average (EMA).
Entry Idea
Bitcoin has exhibited a consistently bullish trend over the past few weeks, with a series of higher highs and higher lows. This technical momentum is supported by the convergence of key indicators, notably the recent resistance (red box), 0.618 Fibonacci retracement level and the 20 Exponential Moving Average (EMA) in the 4H chart. That is about 35.000 to 36.000
Disclaimer
This trading idea is for educational purposes only and does not constitute financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
The recent approval of the
BTCUSDT Bitcoin ETF spot in the US has sent positive shockwaves through the crypto market, providing a strong fundamental backing for a bullish outlook. Additionally, the upcoming halving event for Bitcoin adds further fuel to the potential for a sustained upward trend.Technical
Bitcoin has exhibited a consistently bullish trend over the past few weeks, with a series of higher highs and higher lows. This technical momentum is supported by the convergence of key indicators, notably the 0.618 Fibonacci retracement level and the 20 Exponential Moving Average (EMA).
Entry Idea
Bitcoin has exhibited a consistently bullish trend over the past few weeks, with a series of higher highs and higher lows. This technical momentum is supported by the convergence of key indicators, notably the recent resistance (red box), 0.618 Fibonacci retracement level and the 20 Exponential Moving Average (EMA) in the 4H chart. That is about 35.000 to 36.000
Disclaimer
This trading idea is for educational purposes only and does not constitute financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.