Bitcoin (BTC/USD) daily chart
It has been quite the week so far for Bitcoin, after it surged past the $30,000 mark and took more or less one shot to clip the $35,000 mark. Since then, gains have been capped but not after a bit of a fiasco with the ETF ticker on the DTCC website. In case you missed the headlines:
My take is that approval on this is imminent and it is more of a question of when. Whether or not it triggers another pump in Bitcoin will be the real point of contention in my books. There could a potential sell the fact trade on the cards but it is hard to ignore what is happening on the charts right now with regards to Bitcoin.
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