Bitcoin May See a Rise Again, Despite Its Recent Dip Below $31,000

Economist Alex Krüger suggests Bitcoin will rebound, fueled by the prospect of ETF approval and ongoing demand from professional investors. Blackrock’s ETF May Be Approved! According to the news of BlackRock, the world’s largest asset manager, cryptocurrency analyst and investor Scott Melker gave the following statements in an interview published on July 3: Applying for a spot Bitcoin ETF is a big deal and it wasn’t properly priced yet. We have very strong news that the BlackRock Bitcoin ETF is likely to be approved. Whether it gets approved or not is debatable… But the matter is, we have only moved 20% in this news. And the likelihood is definitely over 50%, around 75%. So the first point is that the market is not properly positioned for this. According to the expert, the second point is that the leading cryptocurrency has resistance between $31,000 and $37,000 and $37,000 has been the […] The post Bitcoin May See a Rise Again, Despite Its Recent Dip Below $31,000 appeared first on COINTURK NEWS.