BTC price still risks a return to $20,000 to fill the remaining Bitcoin futures gap, trader warns despite ETF gains.
Bitcoin may have hit 17-month highs, but the ETF launch could end up being a “sell the news event” and engender fresh BTC price downside, one theory argues.This represented 17% gains since the prior weekly close and Bitcoin’s highest levels since May 2022.
“An SEC approval of the ETF would likely mean that many other Bitcoin ETF approvals are coming,” financial commentary resource The Kobeissi Letter, meanwhile, “This recent price movement reflects the agony of those who HAD to buy, and I’m taking this opportunity to offload my holdings,” he wrote in part of an
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