The post Crypto Expert Predicts Bitcoin ETF Outcomes and Expects Altcoin Rally appeared first on Coinpedia Fintech News
As everyone eagerly awaits the decision on the Bitcoin Exchange-Traded Fund (ETF), a Twitter user named Crypto Analyst has shared two different outcomes depending on whether the Bitcoin ETF is approved or rejected with a keen eye on how it could impact the Altcoin market.
Bitcoin ETF Decision, Two Possible Scenarios
Crypto Analyst, a prominent voice in the Twitter crypto sphere, outlines two distinct scenarios based on the impending Bitcoin ETF decision.
#btc etf :if rejected expect a nasty dump to as low as $30k.if approved , expect a quick pump and then 30-40% correction .After #btc dumps initially , after 2-3 days , we will see massive alts rally .
— Crypto Analyst (@CryptoA40672341) January 9, 2024
Firstly, if the Bitcoin ETF faces rejection, Crypto Analyst warns of a potential sharp decline in Bitcoin’s price, plummeting to as low as $30,000. This scenari
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