Bitcoin

<p><strong>In recent weeks, the launch of the first Bitcoin ETFs has sparked a wave of euphoria in the crypto market. Bitcoin has seen several sessions of strong gains and has risen back above the $45,000 mark. Some see this as a sign that the bear market is over! However, others fear it may just be a manipulation aimed at artificially boosting prices.</strong></p>
<h2 id="h-the-impact-of-bitcoin-etfs-on-prices">The impact of Bitcoin ETFs on prices</h2>
<p>The launch of Bitcoin ETFs comes just as bitcoin was emerging from a long bearish period. After reaching $69,000 in November 2021, it had fallen below $40,000 in 2023. The ETFs arrived just in time to kickstart the momentum.</p>
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<p>Some see this as confirmation that institutional adoption of Bitcoin is progressing inexorably. But others point out that this timing is strangely convenient. The hype around ETFs could be just a manipulation operation designed to drive up prices.</p>
<p>Once institutional investors have pumped up the prices, they could be tempted to take their profits. This would lead to a massive dump and bitcoin’s return to the lowest levels of the bear market. This scenario has happened in the past. It remains to be seen if this time is different.</p>
<h2 id="h-towards-a-decisive-test-to-determine-the-strength-of-the-recovery">Towards a decisive test to determine the strength of the recovery</h2>
<p>This week could be a crucial test with <a href="https://twitter.com/PeterSchiff/status/1757107639119458428?t=TjImcXxMs_ggDxTKZfyyYQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">the 4-day conference</a> ending on the 14th to determine whether Bitcoin’s recovery is indeed confirmed. Or if it was just a bull trap meant to snare buyers before a sharp bearish reversal.</p>
<p>Several factors could bring a halt to the bullish momentum. First, the flow into ETFs could quickly dry up, causing a loss of investor interest and a drop in prices. Next, Bitcoin could encounter major technical resistance, such as the $48,500 level, where many holders are still underwater.</p>
<p>Finally, any negative sign from the macroeconomy, such as inflation higher than expected, could trigger a sharp sell-off. Conversely, a solid breakthrough of the $50,000 would change the game and confirm the start of a new bull run.</p>
<p>The coming days will therefore provide a real-world test to assess the strength of Bitcoin’s recovery. Investors will be closely monitoring ETF flows as well as the price action around key levels. One thing is certain, <a href="https://www.cointribune.com/en/bitcoin-microstrategy-facing-increased-volatility-with-the-new-norm/" target="_blank" rel="noopener noreferrer nofollow">volatility</a> can be expected.</p>

Is the price of BTC artificially inflated? Bitcoin put to the test!

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