BITCOIN (BTC/USD): Bitcoin bounced off its 200-day EMA after Blackrock filed for Bitcoin exchanged-traded funds

 


Bitcoin bounced off its 200-day EMA and rallied about 20% since Blackrock announced that they filed an application for their spot Bitcon ETFs. This week, at least two more investment firms, WisdomTree and Invesco, have filed their own Bitcoin ETFs, following Blackrock's move.

It's not a sure thing though, as the SEC already rejected such applications twice, in December 2021 and October 2022, per Cointelegraph. The rally could continue if Bitcoin can break the key 30k/30.9k resistance level.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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