As Bitcoin (BTC) bounces above $60,000, crypto investors are optimistic for a new all-time high on the largest cryptocurrency. A prominent crypto analyst has evaluated fundamental and technical factors that could trigger this run and influence the bullish movement of Bitcoin (BTC).
As we look at this, ETFSwap (ETFS) has emerged as a promising pick in the brewing bullish environment. Analysts set the new platform apart as its presale is doing impressive numbers and promises massive profits towards launch.
Analyst Predicts New All-Time High On Bitcoin (BTC)
Bitcoin (BTC) analysis by crypto analyst RLinda suggests that the largest cryptocurrency could see a new ATH of $90,000 considering fundamental and technical indicators. Bitcoin (BTC) has seen rough price action in the past few weeks, but market sentiment is again bullish towards Spot Ethereum ETF launch.
Analysing Bitcoin’s daily and weekly price charts, RLinda identifies a bullish flag pattern to indicate a potential upswing on BTC. According to the analyst, Bitcoin (BTC) is in a consolidation phase, and the predicted breakout could send the cryptocurrency as high as $90,000.
RLinda’s analysis establishes vital support levels at $59,300 and $63,800, where the market has shown strong buying interest. With crucial resistance levels at $67,250 and $71,754, the analyst believes a retest at the $73,794 all-time high is a confirmation of Bitcoin’s bullish trend.
The analyst also highlights the cup and handle pattern forming on the Bitcoin (BTC) chart, as the handle pattern is almost complete. This indicator is a classic bullish pattern that confirms a potential bullish trend.
On the flip side of fundamental analysis, the launch of spot Ethereum ETFs and the growing crypto support from US politicians, especially Donald Trump, sets up Bitcoin (BTC) and the market at large for more favorable price trends to come.
As of this writing, Bitcoin (BTC) is trading at $66,818 with a 5% price increase over the past week. The cryptocurrency shows strong price action, and investors are optimistic about a bull market rally as they place bets on their favorite altcoins.
ETFSwap (ETFS) Emerges As Investors’ Favorite Towards Bull Market
Analysts have spotlighted ETFSwap (ETFS) as the next breakout coin for investors looking to hit big wins on their crypto investment. The prospects for ETFSwap (ETFS) rest on the growing narratives around crypto ETFs and the continuous propagation of the ETF market in the crypto landscape.
This growth has led several crypto investors to explore ETFs as a fresher investment alternative to diversify their portfolios. ETFs trade on traditional markets, so native crypto investors are bound to face challenges like trading hour limits, KYC requirements, lower liquidity, and low convertibility with other assets. Analyst predictions believe ETFSwap (ETFS) is set for massive success, and investors are securing early entry into the presale.
ETFSwap (ETFS), being an easy solution for the listed challenges, puts the new DeFi platform in a position to claim a massive position in this emerging market. Leveraging ETFSwap (ETFS), ETF investors can access fast settlements, staking and lending opportunities, crypto-to-ETF swaps, round-the-clock trading, and decentralized trading. Users will be able to access listed assets without providing KYC information.
The platform also expands its offering to include advanced trading tools and real-time market data. Users can access market-making and leverage trading opportunities, with up to 50x leverage on ETF assets and up to 10x on cryptocurrencies.
Furthermore, ETFSwap (ETFS) recently passed KYC verification under random requirements with SolidProof, a reputable blockchain security firm. This team audit provides added credence to ETFSwap (ETFS), and investors are more confident than ever about investing in the new project without worry.
Conclusion
The Bitcoin (BTC) rebound over the past two weeks has reignited investors’ confidence in cryptocurrencies. As such, ETFSwap (ETFS) has seen more inflows as investors bet on their favorite picks to soar in the bull market. Analyst predictions suggest that the new ETF trading platform offers up to a 50,000% ROI potential amid the bullish narrative on ETFs.
Seize the limited opportunity now and get in for $0.01831 before the price soars to $0.03846.
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