Bitcoin Price Trades Near Key Pivot Point $31.7K – Can BTC Bulls Maintain Volume?

Bitcoin begin THE week with A slam, but THE real question East, What East conduct THE move And East he sustainable?

Walk Analysis Join We on social networks

Bitcoin (BTC) price pushed above THE $31,000 brand on October. 23, notch A close 4 months high last seen When BTC price negotiated has $31,800.

THE costs Upside down push come as analysts And investors express their excitement on new developments which could indicate has THE imminent launch of A place Bitcoin ETF.

SO two things caught My eye Since THE last iShares (Black rock) S-1 amendment:- They have got A CUSIP In preparation For A launch- They can be look has seed with species This month (which East earlier that I I will have thought, but can be Nothing) pic.twitter.com/lMDaKxiIbB

— Scott Johnson (@SGJohnsson) October 23, 2023

Referent has Johnson job, Bloomberg Senior ETFs analyst Eric Balchunas warned her followers has not get too much excited, And explain that THE amended iShares (Black rock) S-1 document watch black rock could be preparing has seed their ETFs And that “disclose he watch another stage In THE process of launch. »

Balchunas clarified THE process, saying:

"Background: Sowing A ETFs East When initial funding East provided (typically) by A bank Or broker Merchant used has purchase A little creation units (In This case bitcoin) In exchange For ETFs actions which can be negotiated In open walk on Day One.”

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