Short term price analysis for BTC, ETH and BNB

Short term price analysis for BTC, ETH and BNB

After Bitcoin (BTC) and Ethereum (ETH) prices hit all-time highs, there was an aggressive profit-taking process. This shows that traders buying on Bitcoin exchange-traded fund rumors are selling after the successful launch of the ProShares Bitcoin Strategy exchange-traded fund (ETF) (BITO).

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Even if Bitcoin pullback to below $60,000, the year-end target is $250,000

Even if Bitcoin pullback to below $60,000, the year-end target is $250,000

Bitcoin plunged below $60,000 after crypto markets hit record highs earlier in the week. Concerns about the strength of the market arose as the Bitcoin (BTC) price hit all-time highs, seeing a correction on October 22, briefly dropping below $60,000.

Even if Bitcoin pullback to below $60,000, the year-end target is $250,000 Read More
These 3 indicators started signaling just before the Bitcoin price surged

These 3 indicators started signaling just before the Bitcoin price surged

The rise of the Bitcoin (BTC) price to $48,200 on October 1 was associated with the September 30 statements of the US Federal Reserve chairman, Jerome Powell. When asked to clarify his comments on Central Bank Digital Currencies (CBDC), Powell confirmed that the Fed has no intention of banning cryptocurrencies.

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How does a Bitcoin ETF work?

How does a Bitcoin ETF work?

Before we look at the potential benefits and risks of a bitcoin ETF, let’s back up a step and go over what a bitcoin ETF is and how it works. An ETF is an investment vehicle that tracks the performance of a particular asset or group of assets. ETFs allow investors to diversify their investments without actually owning the assets themselves.

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