Crypto Trader's Bitcoin ETF Prediction: $35,000 If Approved, $19,000 If Denied
Portfolio Pulse from Murtuza Merchant
Crypto analyst DonAlt predicts that the approval of a Bitcoin ETF could increase Bitcoin's value to $32,000-$35,000, while a denial could decrease its value to $19,000-$20,000. He suggests that investors might quickly offload their holdings within this price range. He also mentions the possibility of a retest during a pullback, allowing for re-entry opportunities.
August 25, 2023 | 4:09 pm
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Bitcoin's value could significantly fluctuate depending on the outcome of a Bitcoin ETF decision. Approval could boost its value, while denial could cause a decline.
The analyst's prediction suggests that the Bitcoin ETF decision could have a significant impact on Bitcoin's value. If approved, it could boost Bitcoin's value, while a denial could cause a decline. However, the crypto market is highly volatile and unpredictable, so these predictions should be taken with caution.
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