EddieJayonCrypto
15 Jan 24
Bitcoin's price has decreased by over 5% following the introduction of spot ETFs in the U.S., signaling a potential "sell the fact" price action. Analysis by 10x Research indicates that this sell-off could persist in the near future, with bearish divergence patterns in price and technical indicators...
Bitcoin's price has decreased by over 5% following the introduction of spot ETFs in the U.S., signaling a potential "sell the fact" price action. Analysis by 10x Research indicates that this sell-off could persist in the near future, with bearish divergence patterns in price and technical indicators like the RSI and MACD histogram. Additionally, the potential shift of investors from Grayscale's high-fee ETF to other low-fee options may lead to further downside pressure on Bitcoin's price.
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