);)
As the price of Bitcoin (BTC) fell to $93,000 on the 30th, experts forecast that Bitcoin will fall below the $90,000 level. 'The ForexX Mindset', a contributor to the on-chain analysis platform TradingView, and graph analyst 'Aksel Kibar' argued that Bitcoin has broken out of its key support line on the graph, and that Bitcoin's price could fall to $81,500 and $80,000, respectively.
2. Bloomberg ETF researcher "XRP, LTC, SOL physical ETFs to be approved by 2025"
Eric Balchunas, a Bloomberg ETF researcher, pointed out the changing dynamics of the cryptocurrency market in a newsletter published on the 29th, and predicted that various altcoin physical ETFs will be launched next year. He predicted that with the arrival of a new administration in the US, the organization of the US Securities and Exchange Commission (SEC) itself will undergo major changes, and various altcoin physical ETFs will be launched in the market by 2025.
3. Bitcoin exchange deposits at lowest since 2016..."Bottoming out and rebounding?"
The amount of Bitcoin deposited in exchanges has reached its lowest level since 2016, raising the prospect of a Bitcoin rebound. Alex Adler, an analyst at Cryptoquant, reported on the 29th that the daily Bitcoin deposit in exchanges was less than about 45,000, the lowest since 2016. He predicted that this data indicates that many investors are holding Bitcoin in their personal wallets rather than selling it, which means a Bitcoin rebound.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
