The post Wall Street Not Saving Bitcoin Longs: BTC Price Could Reach Here by the End of January 2024 appeared first on Coinpedia Fintech News
It has been nearly 4 days, and the Bitcoin price continues to trade within the same pre-defined range. Despite the spot, the Bitcoin ETF went live, recording huge billions in trading volume and price, merely reacting to the event. This has created huge uncertainty within the space, so the volatility rate has dropped heavily. While the analysts and the veterans believe the current price action replicates the initial phase of the bull run that happened in 2012, 2016, & 2020, the technicals suggest the bears are positioning themselves hard.
BlackRock, Fidelity, and ARK are the top 3 Bitcoin ETFs by trading volume, recording $227 million, $170 million, & $65 million, respectively, surpassing $10 billion in total. Meanwhile, the BTC price remains stuck within the range and quite distinct from the pivotal range of $48,000. In the short term, th
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