Bitcoin and the crypto market have been quiet over the last several days after bitcoin was rejected just under the $45,000 price level. Are we going to see this sideways and downward price action extend through the rest of 2023 as the announcement on the Spot Bitcoin ETF looms into view in early January?
With the Spot Bitcoin ETF announcement possibly less than three weeks away, the bitcoin price appears to have entered into a period of stagnant price action. Ever since bitcoin reached its local top of around $44,700, the next ten days have taken the price in a sideways and downward direction.
A fall to $36,000?
Source: Trading View
With this 10-day drop in price, $BTC has painted out an ominous M chart pattern. If this is indeed the path that $BTC is now following, and the M pattern does play out, the price would likely go down to the region of $36,000. Support can be found at $37,800 and then at $35,300.
Support breached?
Source: Trading View
In addition, zooming out further on the s
We współpracy z: https://cryptodaily.co.uk/2023/12/bitcoin-on-pause-as-etf-announcement-awaited
