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Brazilian toddler makes 6,500% gain on BTC, Proshares’ Bitcoin ETF launches on NYSE, Bitcoin reaches new all-time high and more.
Here’s why analysts are saying ‘No FOMO’ ahead of Bitcoin’s ETF launch * BTC $62,016, * ETH $3,753, * XRP $1.08, * BCH $611, * XMR $256.5, * DASH $187, * EOS $4.42, * ZEC $141, * ADA $2.130, *...
The upcoming launch of a BTC ETF has bulls proclaiming that a $100,000 Bitcoin price is imminent, but several analysts warn that a sharp short-term pullback could also occur.
BTC price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000.
Traders remain cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity while the crypto market awaits the next major move.