Hey Steamian,
Best wishes to all of you auspicious day and I wish you are very nice and are doing very well on Steemit. You people know how BTC is fluctuated on your daily basis, So for today my questions is on Bitcoin, what you think about BTC price for upcoming weeks. Here I'm Coming with some measures. hope you like it.
Source : Google.
In the last several months, Bitcoin prices are constantly facing weakness, and recently, Bloomberg analyst predicted that digital currency could be as low as $ 4,000.
Bloomberg Intelligence analyst Mike McGlone said during a recent interview, "Bitcoin is in dump mode, after the pump run-up on the possibility of U.S. ETF."
Below is a chart illustrating Bitcoin's price movements -
Source : Bitmex.
Bitcoin closed our main support level of $ 6200 and to retain a lofty trend recently, there is a need to go back above $ 7000 on any [large scale] pullback. Otherwise, very few prices become real possibilities in the near future."
Source : Google.
Going forward, he suggested that the traders "see $ 5800 for a test of the test of 2018."
ETF Fixation of Bitcoin Market -
Source : Google.
ETFs are an investment tool to track underlying benchmark indices such as items or bonds to replicate their performance. In the crypto-world ETF is a hot-button subject, Securities and Exchange Commission (SEC) has rejected the recent proposal by the crypto-billionaire, which connects to Winklawos.
If the government agency chooses to reject the ETF, then it can be a "trigger, which announces bitcoin annually." Senior Market Analyst Matthew E. Newton noted in at eToro.
I hope you will like this post. I'm completely thankful for all the Steemian! Have a Nice Day Guys!