bullish

Challenge

Spot

Gains

<ul class="wp-block-list">
 <li>Bitcoin (BTC) has reclaimed the $62,000 price level and welcomes bullish trends.</li>  
 <li>Market trends like ETFs taking 5% of the total BTC supply fuels demand.</li>  
 <li>Also, Bitwise filed with the SEC for Bitcoin and treasuries rotation ETF.</li> 
</ul>  
<p>Bitcoin has climbed back up to the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$62,000 price</a> level showing strong bullish momentum in the upcoming months of Q4. Analysts have high expectations for Bitcoin (BTC) during this time and expect the pioneer crypto asset to make parabolic pumps and bullish upward price surges.</p>  
<p>To support this bullish momentum are many indicators from bullish pattern formations of the Bitcoin (BTC) price chart till the US Presidential elections. This paired with the high expectations of historical repeats of green Q4 especially in a Bitcoin Halving year, has set BTC cycle top targets from <a href="https://cryptonewsland.com/550000-btc-ath-bitcoin-8-trillion/" target="_blank" rel="noopener noreferrer nofollow">$220,000 to $550,000</a>.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/bitcoinmagazine/status/1842202287516577882
 </div>
</figure>  
<p>Bitwise Files for Bitcoin and Treasuries Rotation ETF</p>  
<p>Meanwhile, other bullish market trends have already added to the positive sentiment of a massive BTC price surge occurring very soon. Just announced was <a href="https://cryptonewsland.com/bitwise-insights-bitcoins-history-of-pumping-post-september-dip/" target="_blank" rel="noopener noreferrer nofollow">Bitwise filing</a> with the SEC for a Bitcoin and treasuries rotation ETF. The response from the crypto community has been highly positive.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/bitcoinmagazine/status/1842332043738333647
 </div>
</figure>  
<p>Spot Bitcoin ETFs Hold Almost 5% of Total BTC Supply</p>  
<p>Similarly, another bullish indicator comes in from Spot Bitcoin ETFs holding almost 5% of the total supply of Bitcoin (BTC). As demand increases, BTC supply decreases, pumping up the price even further as Bitcoin is a limited commodity with only 21 million BTC to ever exist, a small percent yet to be mined.&nbsp;</p>  
<p>All in all, the sentiment for Bitcoin to thrive in the strong bullish market playing out is steadily gaining momentum as more and more crypto and Bitcoin analysts share bullish price predictions. With <a href="https://cryptonewsland.com/global-liquidity-index-bullish-100x-altcoin/" target="_blank" rel="noopener noreferrer nofollow">global liquidity</a> having reached a new high, expectation for major liquidity to flow into the crypto market also grows stronger.&nbsp;&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/btc-bitwise-filing-etfs-challenge-btc-supply/" rel="noopener noreferrer nofollow">Bullish Bitcoin Sentiment Fueled by Greedy Market Trends, BTC Gains Bitwise Filing as ETFs Challenge BTC Supply</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bullish Bitcoin Sentiment Fueled by Greedy Market Trends, BTC Gains Bitwise Filing as ETFs Challenge BTC Supply

Crypto News Land

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