Monday, June 30, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

The Short Term Bullish Case For Bitcoin (February 2024) | by Bitcoin Basics | The Dark Side | Feb, 2024

February 5, 2024
in Altcoin
Reading Time: 4 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on TwitterShare on E Mail


The Dark Side

Many Medium authors have been fast to dismiss #Bitcoin following lackluster returns publish ETF Approvals.

Bitcoin Vibe Test, As of February, 2024

I’ve learn a few articles right here on Medium which were fast to name for Bitcoin’s demise provided that the ETF Approvals haven’t produced face-melting upside bitcoin returns but.

Nevertheless, anybody who has been taking note of the worth of Bitcoin during the last 12 months has made a fairly penny.

In reality, if you happen to invested in Bitcoin on the day that Blackrock Filed their Spot Bitcoin ETF Utility on June 15, 2023, you’d at the moment be up a cool $17,319, or 67%.

Sensible cash would have identified this and performed this commerce. Cash was made. The ETF Approvals weren’t a promote the information occasion. It was priced in.

With that little rant out of the way in which, let’s get into the meat of this text and take a step again to ask ourselves how the subsequent 30 to 60 days may play out for Bitcoin.

In doing so, we will set the stage for the Brief Time period Bullish Case for Bitcoin in Q1 of 2024 main as much as the halving occasion in April.

Blackrock IShares IBIT ETF Web Property of $3 Billion As of two Feb, 2024

The wave of GBTC promoting pressures on Bitcoin which have to this point neutralized any constructive response that we could have seen because of the ETF approvals has now performed its course.

Then again, the ‘New 9′ Bitcoin ETFs have been relentlessly accumulating bitcoin. The highest 9 Bitcoin ETFs have already totaled 175,000 Bitcoin, valued at 7.5 Billion. All in simply 18 buying and selling days.

These huge greenback inflows into the ETF could sound mindboggling nonetheless they make sense whenever you begin to think about the benefits that holding Bitcoin in an ETF gives to the common particular person like your self.

Over the subsequent 30 to 60 days there can be 20–40 extra buying and selling days. It could be…



Source link

Tags: BasicsBitcoinBullishcaseDarkFebFebruaryshortsideterm
Previous Post

HarryPotterRussellSonic1Inu (SAITAMA) Price Prediction 2024 2025 2026 2027

Next Post

🔴Google Lifts Crypto Ban | This Week in Crypto – Feb 5, 2024

Related Posts

Vanadi Coffee Bets $1.17B on Bitcoin Despite Big Losses
Altcoin

Vanadi Coffee Bets $1.17B on Bitcoin Despite Big Losses

June 30, 2025
Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins
Altcoin

Crypto Strategist Unveils Bitcoin Path to New All-Time High Next Month, Says Plenty of Liquidity To Trigger Run for Altcoins

June 29, 2025
Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons
Altcoin

Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons

June 28, 2025
Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin
Altcoin

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin

June 27, 2025
XRP’s Price Dips As Judge Shoots Down Joint Bid From Ripple and the SEC To Reduce the Company’s Previously Ordered Fine
Altcoin

XRP’s Price Dips As Judge Shoots Down Joint Bid From Ripple and the SEC To Reduce the Company’s Previously Ordered Fine

June 28, 2025
Bit Digital’s Shift Triggers Market Slide
Altcoin

Bit Digital’s Shift Triggers Market Slide

June 27, 2025
Next Post
🔴Google Lifts Crypto Ban | This Week in Crypto – Feb 5, 2024

🔴Google Lifts Crypto Ban | This Week in Crypto – Feb 5, 2024

Crypto Market Stagnant in the Last Days of the ‘Year of the Rabbit’

Crypto Market Stagnant in the Last Days of the ‘Year of the Rabbit’

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In