Bitcoin is again flirting with the $38 resistance. This is the 5th time it is trying to break above it so the odds are in our favor😉
Diversitas is an actively managed strategy combining time-proven, investments like Gold, BTC, and ETH with the high-growth potential of the DeFi sector.
Lastly, the SEC delayed 2 spot $BTC ETF applications but Bloomberg analyst James Seyffart is looking at this as a positive development👇🤔
“Today’s SEC decision to delay two #Bitcoin ETF applications is “likely a move to line every applicant up for potential approval by Jan 10, 2024”
Overall, a very optimistic setup🔥
Bitcoin continues to test $37k as support and looks strong. At the moment, we started to print volatility squeeze (shaded area) suggesting that a big move is around the corner👀
More importantly, the price movement we are seeing lately is impressive. If Bitcoin used to move up, see a correction, and then continue the rally, we are now simply seeing the breakout and consolidation. This is likely due to the fact that there are not many sellers in the market. As we already pointed out, everyone is waiting for the ETF🤔 $BTC