The post Bitcoin Price Prediction As JP Morgan Says Bitcoin ETF Is Imminent While Bitcoin Minetrix Is Backed To 10x appeared first on Coinpedia Fintech News
While the reports of BlackRock’s spot Bitcoin ETF approval turned out to be false, the market’s reaction to the news showcased the bullish potential of the SEC’s green light. The “Fake ETF Candle” – as it is now being referred to – saw the Bitcoin price surge 10% in a matter of minutes, past the $30k price mark.
Even as the misinformation came to light, BTC continued to display strength after an initial correction. Since then, the largest cryptocurrency breached the $30k resistance again and even wicked above the highs of the fake news pump. The Bitcoin price today is trading near $29,700, up 11% over the past week.
Experts believe that the buying pressure on Bitcoin is a result of crypto investors front running an ETF approval. According to JPMorgan, a spot Bitcoin ETF approval is imminent and the SEC will like
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