Bitcoin Price Fails to Reach $45,000, But Derivatives Markets Signal Trader Optimism

Even with THE place Bitcoin ETFs approval odds increasing, traders are always slightly worried that THE event has has been Dear in.

Walk Analysis Join We on social networks

Bitcoin (BTC) price broken above $40,000 For THE First of all time Since April 2022, roughly two weeks There is, on Dec. 4. In less that 48 hours, A rally towards $44,000 occurred, but This resistance level has proven has be stronger that expected. Traders NOW question if A correction down has $41,000 East THE most likely scenario.

Bitcoin/USD price hint, 12 hours. Source: TradingView

THE last 16 days to have seen several refusal has $44,000 And subsequent retest of THE $41,000 support. Interesting way, these movements occurred as THE odds of approval For A place Bitcoin exchange traded funds (ETF) by January increase, according to has Bloomberg ETFs analysts After several transmitters amended their deposits has conform with THE species redemption model required by securities regulators.

black rock, among others, update their S-1 registration declarations has exclude non-monetary Payments, known as 'in nature.' Basically, THE creation And redemption of ETFs actions will arrive In species, instead that allowing participants has pay Or be paid In Bitcoin, although THE funds himself will be able has socket THE real cryptocurrency.

Traders question if THE place Bitcoin ETFs approval will trigger A price accident

A few traders suggest that THE place ETFs SEO follows THE 'buy THE rumor, sell THE news' model. This means that clever money anticipates THE launch, provoking most earnings has occur Before THE real regulatory approval.

Here is My thoughts on Price Action on Place