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Btc-trend

BTC TRUTH ! The Securities and Exchange Commission has extended the deadlines for four Bitcoin ETFs. The Commission cited the need for additional time to “take action on the proposed rule change.” Cryptocurrency proponents remain hopeful for the approval of a US Bitcoin ETF in the near future. Exercising its statutory powers, the SEC has extended the time frame for revealing its decision on four Bitcoin ETF proposals. The extension will give the Commission sufficient time to go over the finer details of their applications amid mounting optimism. SEC Flexes Its Statutory Powers The SEC has extended the time for reviewing applications of Bitcoin ETFs by 45 days. The affected proposed Bitcoin ETFs are Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, Krypton Bitcoin ETF, and WisdomTree Bitcoin Trust with the last ETF to be approved on December 24th. This move is in line with the statutory powers bestowed on the SEC. According to section 19(b)(2) of the Securities and Exchange Act (1934), provides that “within 45 days of the publication of the notice of the filing of a proposed rule change, or within such longer period up to 90 days (i) as the Commission may designate if its finds such longer period to be appropriate and publishes its reasons for so finding…”. The reason put forward by the SEC for the extension of time is to obtain “a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments. In the end, the Commission shall “either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change. Bitcoin ETF On The Horizon In recent months, the SEC has received a spike in Bitcoin ETF applications as the community believes the time is ripe. In September, Invesco teamed up with Galaxy Digital to submit a proposal with the number of applications soaring to unprecedented levels. Bloomberg’s Senior Commodity Strategist, Mike McGlone famously predicted that the community could see the launch of a Bitcoin ETF before the end of October. Gary Gensler, the Head of the SEC, is of the opinion that the type of Bitcoin ETF that could most likely obtain approval is the Bitcoin Futures ETF. The SEC currently has over 12 applications it has to review but remains concerned about the potential for market manipulations that they possess. An approval will open the floodgates for applications and could send BTC prices on a price rally.
CME:BTC1!
by globalsymmetrygroup
BTC MARKET ANALYSIS 8.9.2021Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels. Bitcoin started a major decline below the $50,000 and $48,500 support levels. The price is now trading well below $50,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses, but the bears are likely to remain active near $48,500 and $50,000. Bitcoin Price Recovers Above $45K Bitcoin price failed to clear the $53,000 zone and started a major decline. BTC broke the key $52,000 support zone and the 100 hourly simple moving average to into a bearish zone. There was also a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair. The pair even declined heavily below the $48,500 support zone. Finally, there was a spike below the $45,000 support zone and the price tested the $42,000 level. A low was formed near $42,000 before there was a recovery wave. The price climbed above the $45,000 resistance. It broke the 23.6% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. An immediate resistance on the upside is near the $47,500 level. It is near the 50% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. The first major resistance is near the $48,500 level. A close above the $48,500 level could pump the price in the near term. The next major hurdle for the bulls could be near the $50,000 zone. More Losses In BTC? If bitcoin fails to clear the $48,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level. The first major support is near the $46,000 level. If there is a downside break below the $46,000 support zone, the price could extend its decline. In the stated case, the price could test the $43,500 support.
BINANCE:BTCUSD.PLong
by globalsymmetrygroup
1
BTC.D probabilityeverything went like I was predicted till now . I will attach my previous BTC.D updates in the description now BTC.D reach to good support which could have 2 different way from now in different time frames. 4H: I can see RSI is in the oversold area, and as the support is strong enough so candles could bounce up for the top of the static channel ( yellow ). daily: as I said before RSI loses 50% and now it is a resistance, so if candles break the support area they will go for static channel ( yellow ) midline . until RSI reaches the oversold line. the other and most probable scenario is candles just range in the blueish BOX which could cause some altcoins to rise . I will attach my old updates right below.
CRYPTOCAP:BTC.D
by ZorgOros
BTC accumulation going on for weeks! The trend lines seem to show there has been an ongoing BTC accumulation for the last couple of weeks. Contrary to the fud we have all been receiving, with the conclusion that a massive selloff will happen, there has been steady buy-ins of the small dips in BTC, even in the small ups. there is a strong accumulation pattern here that might have been missed if you have been looking charting for short term. Bullish in BTC for the next couple of weeks, your whales are just buying the dips in this current volatile cycle. Time to load up bit by bit. Not financial advice. Just an observation would like to share with all of you guys.
Long
by gmnprmnt