What's next for Bitcoin after ETF? - Weekly Crypto Market Analysis 📈
PLUS : These coins are going to go wild......
Welcome to the Cult, Readers! 🌟
So, one of the biggest and most awaited event in crypto - the Bitcoin ETF - is done.
What could be the next catalyst of this bull cycle?
It’s Bitcoin Halving and the ETH ETF hype… 🚀
Did I say - ETH?
It’s time to catch some Alts in dip…….
First, Let’s see what's in the news.
Bitcoin hits a one-year high, touching 49,000 after breaking key resistance levels & drops hard after the ETF hype.
Indian crypto exchanges offer fee waivers for users transferring assets from banned offshore exchanges.
Solana Mobile plans to release a second smartphone with similar features but at a more affordable price.
JPMorgan anticipates significant capital inflows into new Spot Bitcoin ETFs, potentially reaching $36 billion.
Blackrock's Spot Bitcoin ETF acquires 11,439 bitcoins valued at nearly $500 million within two days of trading.
Time to sketch out some lines on our charts! 📈
âš¡ BTC
BTC continues consolidating sideways after ETF hype. Look for a potential breakout to 50-51k or retracement to 34.5k.
Support: 41-42.2k
Resistance: 46.6-47.3k
🟣 ETH
ETH looks ready to blast past resistance towards $3.2k. Keep an eye on key support levels.
Resistance: 2587-2689
Support: 2300-2387
🥈 MKR
MKR finds strong resistance for now but upside potential remains - patience is key.
Resistance: 2162-2188
Support: 1883-1919
💎 CHR
CHR eyeing a dip to an attractive entry - scope for further price surge based on growing interest.
Support: 0.2302-0.2557
âš¡ OP
OP flashes weakness after resistance break fails - watch for signs of momentum returning at support.
Support: 3.33-3.4
Happy Trading :)
Cult Signing of until next time 🫡