฿ Bitcoin New BTC Fundamental Report and Daily Video, December 28, 2023

[Sive Morten]

Good morning,

Today a lot of hype stands around ETF approvement and news agencies do not share with controversial opinion on this subject. We've tried to dig this question a bit and share our research of this subject in our new BTC Fundamental report

Meantime, BTC remains in triangle consolidation. Although chances on drop below 40K still exist due daily bearish grabber, we still suggest that it is acceptable risk of possible long position taking around 42.50K area. At least it is worthy to think about:

 

[Georget@]

Maybe it just demand and supply law at play. Since there is demand for Bitcoin, Blackrock will offer the product. Someone has to take the money that the public is offering for this asset.

 

[soul rebel]

On the last 'good news rally', I noticed ETH rocketed. But today it is steady like BTC, so maybe something is on the horizon that will halt progress after ETF euphoria is over?

 

[Sive Morten]

On the last 'good news rally', I noticed ETH rocketed. But today it is steady like BTC, so maybe something is on the horizon that will halt progress after ETF euphoria is over?

Well, market is thin now, so, maybe it means nothing special, just people are resting... Concerning ETH - there is no consensus. JPM tells that it should outperform BTC... But now too much attention is focused on ETF topic. Once it will be done, we will see whether position on ETH will change somehow... Due to relative valuation, ETH also should get some fruits. Because next step is ETH ETFs probably...