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Delaying ETF does not stop BTC growthMay 21, that is, tomorrow there will be a meeting on ETF. It will be postponed as always and will hardly be able to somehow affect the BTC price reduction. Firstly, because everyone knows that they are likely to postpone it. Secondly, because during the uptrend, the "negative" news of the FA has a minimal impact on the asset price (as well as the "positive" news during the downward trend). It is possible to close the gap on CME at $ 7,180, but for further decline, more serious reasons are needed. But if a miracle happens and the ETF approves, we will see unprecedented growth to $ 10,000 - 11,000. Wait is not long.
CME:BTC1!
by CryptoWolfsTrust
Fibo as a springboard for BTC growthOn the night of May 16-17, the BTC gave the long-awaited correction. Why is this good news for bulls? Let's break down the points: • By all the rules of technical analysis, we received an ideal correction with a rebound from 50% by Fibo, which threw the price back to $ 7,200. • The same night correction was able to close the gap to CME in the region of $ 6,430 - 6,870. • An important consolidation zone, formed from September to November 2019, served as an excellent resistance and added strength to the upward momentum. Something like the "last touch" before pehai. The market picture shows only bullish sentiments: its technical part and the mood of the crowd. It is likely that at least one more jerk up to $ 9,500 - 10,000.
BITSTAMP:BTCUSDLong
by CryptoWolfsTrust
Why is BTC going up yet?11% of the US population owns the main Bitcoin cryptocurrency (BTC), according to a new survey published by Blockchain Capital on April 30. The survey was conducted in six key aspects: awareness, familiarity, perception, conviction, propensity to purchase and possession. The figures have risen significantly since the same poll in October 2017 despite the “bear market” 2018. These indicators are growing and will continue to grow with the development of the infrastructure of the blockchain sphere itself around the world. Higher awareness = higher trust = more frequent use by the public = higher asset rate. With such dynamics, Bitcoin cannot fall in price in the long term (hello to HODLers). Considering other factors of long-term growth, perhaps a new “bull cycle” really begins ?!
BITSTAMP:BTCUSDLong
by CryptoWolfsTrust