As we approach the weekend, Bitcoin is still within the weekly range. It could not penetrate the upper line although the sentiment remained highly bullish. The major reason was the misunderstood BlackRock’s ticker (spot ETF) that appeared, disappeared, reappeared on the DTCC website during its test launch.
After eight weeks, BTC penetrated the resistance in a powerful way and bulls came back to play.
BTC is in the phase of consolidation and is trading above the midline.
If it is able to explode above $35.4K and holds that we can see bullish sentiment to stay for a longer period. BlackRock, ARK, Grayscale and others are getting things ready for the mega event. Let’s see what SEC is planning now! Approval is imminent !
$BTC