Dear friends, BTC continues to rise as predicted, with the candle’s wick reaching the $30,000 mark. However, it has encountered difficulties in maintaining its upward momentum. Currently, it is trading around $29,740.
On the other hand, the breakout from the upward channel and the strong increase lead me to believe that BTC will experience a slight correction before forming a DOW pattern and continuing its trend. I expect a rise to reach $30,400. What are your thoughts on BTC’s future? Comment: We are awaiting news on the fate of an application with the US Securities and Exchange Commission (SEC) for a bitcoin spot exchange-traded fund (ETF) by major financial firms including BlackRock. Trade active Comment: closely monitor the SEC’s position and any potential regulatory developments shaping the future of cryptocurrency investment products.