Long

WILL BLACKROCK BTC ETF GIVE BTC UNEXPECTED $31K BREAKOUT?

Updated

BTC is currently maintaining a stable outlook following the recent downward trend. Since BTC has not dropped below the 23K mark, it is holding a crucial level of support.

The main question now is whether the upcoming BlackRock Bitcoin application will impact the price movement.

From a broader perspective, BTC is still considered to be in a positive position. If BTC manages to sustain its upward trend and avoids dropping below 23K in the short term, there is a good possibility of a new breakout. This would result in an increase in price, pushing it towards a significant resistance level of 31K after reaching 26K.

it's important to check the coming time frame, which can play an important trend for the main BTC side.

The bullish long-term view if the trend holds the levels can be 47K

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The news of BlackRock’s potential Bitcoin ETF could significantly affect BTC’s price. Creating such an ETF would allow a broader spectrum of investors to gain exposure to Bitcoin, possibly driving up demand and its price.

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When BTC holds the 23K it means BTC still holding the positive trend. IF btc breakdown is below 23k with confirmation this could mean we entering a new downtrend view.

At this moment BTC is still stable also since it did increase up 25.5
We will follow up if BTC is able to confirm further in the coming time as the update shows.

This idea and our other ideas are not trading advice.
Do always your technical view.

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BTC is still interesting for the coming trend.

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The main focus is the target of
$31,000

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We have seen what the Gold ETF did do before with the price.
The big question is whether BTC going to follow with the expected breakout and high target of 47K.

The focus target for the short term is

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The trend started at 25K . We will follow the coming days if this BTC increase will bring the BTC price to 31K as the chart expecting shows.

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Blackrock Files for Bitcoin Trust — Analyst Eric Balchunas, a senior ETF analyst Calls It a 'Real Deal' Spot Bitcoin ETF Filing depending on Bitcoin news website

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BTC is interesting for the coming breakout.

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BTC going in steps, and since it shows a new confirmation for uptrend, there is good chance BTC will breakout to as this update showing since start 25K

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BTC ranging between 26200 - 27200
There good possibility that we can see BTC on the 28K level

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BTC at the 29K level.
Interesting to see if BTC will go into short term over the 30K area, if not BTC could stay stable between 27-29K.

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BTC are in a stable time frame since the great increase.
BTC has a good chance to range coming time between $29400 -$31200
And in case there is a small time frame recovery we could see a trend to $28900

Until now BTC seems on the right trend to

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BTC have still a positive trend and waiting to see the confirmation on the

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There is a good chance that BTC will breakout up the before the new weekly chart.

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BTC did target the expected chart idea of this update from 25K to 31K target.

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BTC until now still in a stable trend since the increase.
With the new weekly chart, we could get more confirmation for the new uptrend that can take the trend to $32800.

Soon more.

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$32800 could be interesting next target for BTC after new weekly time frame.

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BTC is currently experiencing a positive range and is now in an accumulation trend, which could potentially pave the way for a new upward movement towards 32800 and up.

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When we see a stable trend withholding the price action, this means most of the time a positive channel holding. and with time it's able to get a new confirmation increase. Interesting next target where BTC could target with time is $32800

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The moment cycle of BTC is still LONG.
We are following the coming time BTCUSDT for a long trend to see if 32800 is the next target.

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BTC is still on the right zone, going for more.

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Interesting to see if BTC is able to break again up before the new weekly chart.
There is good chance we will see again price action up

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The 31K target is done, interesting to see if BTC is able to gain 32800 in the coming time.

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$32800 is the next expected target for BTC.

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The same increase that starts from 25K and what we did follow to 31K, looks to repair again from the 30K

AI can give BTC an interesting boost since AI is very important for BTC.
We expect with time BTC can target up $32800

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Goldenbreakout

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