฿ Bitcoin BTC/USD Daily Video, January 11, 2024

[Sive Morten]

Good morning,

So, emotions have got a release with ETF approvement and now is a most important thing - bulls have to confirm that this was not just a bet on ETF news. BTC has to stay above ~43K area to keep bullish context. Besides, there are no technical barriers for upward continuation:

 

[Brett Reynolds]

Firstly it was a 'Hack' and they denied and now the next day they say it's been approved.!?

 

[Sive Morten]

Firstly it was a 'Hack' and they denied and now the next day they say it's been approved.!?

Hi Brett, we talked about this in telegram - by our opinion, this was not hack. This was either intended action or occasional incompetence. Everybody knows - you can't restore control over website within few minutes, if you was hacked. Statements from SEC were released with intervals of few minutes - "approvement" then "hack note" than restoring control note.

 

[Brett Reynolds]

Hi Brett, we talked about this in telegram - by our opinion, this was not hack. This was either intended action or occasional incompetence. Everybody knows - you can't restore control over website within few minutes, if you was hacked. Statements from SEC were released with intervals of few minutes - "approvement" then "hack note" than restoring control note.

Either way'..it was another attempt to Draw' in Bulls'. . With now final spike to $49K the market looks very over stretched and a pullback must surely take place.?