- People are starting to price in a positive outcome for the spot Bitcoin ETF awaiting approval, according to Anthony Rousseau.
- Bitcoin experienced renewed volatility in the past week.
- BTC established a new yearly high of $35,198 on Tuesday, October 24.
According to Head of Brokerage Solutions at TradeStation, Anthony Rousseau, people are starting to price in a positive outcome for the spot Bitcoin ETF awaiting approval. Rousseau said this in an exclusive discussion with Coin Edition over the recent volatility in the Bitcoin market.
Bitcoin experienced renewed volatility in the past week following a false report about approving a spot Bitcoin ETF. The price surged significantly, breaking above multiple resistances, and rose to a new yearly high of $35,198 on Tuesday, October 24. Following the rally, BTC appears to be consolidating, as the price movement has slowed in the last 48 hours and market indicators suggest that Bitcoin is currently overbought.
In a recent article, Coin Edition showed that Bitcoin is in “Extreme Greed” per the Fear and Greed Index, and users suggest that the pric…
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