BTCUSD: Exploding transactions
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Dear beloved readers,
Currently, BTCUSD is trading at $34,567 and it is becoming more explosive than ever before.
As we can see, the interest in Bitcoin ETF has increased on the late of October 23rd, with "positive signs" indicating that BlackRock's ETF has moved closer to approval. Additionally, the US Appeals Court has issued an order requiring the Securities and Exchange Commission to review Grayscale's Bitcoin ETF application.
These actions have ignited a Bitcoin price surge, causing it to increase by 14% in the past 24 hours and reaching $34,000 for the first time since May 2022.
On the analysis chart:
The upward trend is rapidly developing, with indications of a potential reversal from the 34 EMA opening up a larger upward trend. With a breakout from the current upward trend, Karin continues to set new long-term targets at $45,100 and $51,000.
Currently, BTCUSD is trading at $34,567 and it is becoming more explosive than ever before.
As we can see, the interest in Bitcoin ETF has increased on the late of October 23rd, with "positive signs" indicating that BlackRock's ETF has moved closer to approval. Additionally, the US Appeals Court has issued an order requiring the Securities and Exchange Commission to review Grayscale's Bitcoin ETF application.
These actions have ignited a Bitcoin price surge, causing it to increase by 14% in the past 24 hours and reaching $34,000 for the first time since May 2022.
On the analysis chart:
The upward trend is rapidly developing, with indications of a potential reversal from the 34 EMA opening up a larger upward trend. With a breakout from the current upward trend, Karin continues to set new long-term targets at $45,100 and $51,000.
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Reduce the frame 4 hours when the price is away from EMA
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