Here is my thoughts on BTC until halving in April. We all saw the manipulation which occured during the ETF announcement for Bitcoin a few weeks ago.
The BTC ETF announcement means that a new investment product, called an Exchange-Traded Fund, has been approved, allowing people to easily buy and trade Bitcoin through traditional stock exchanges, making it more accessible for mainstream investors who may not be familiar with cryptocurrency.
This allows for large institutions to start taking positions on Bitcoin, just in time for halving.
Understanding this, it would only make sense that those institutions would want to buy Bitcoin at the lowest possible price. This is why I believe we could see Bitcoin downtrend and reach the $35k to $30k level before halving. Waiting to buy at these levels. These institutions want cheap Bitcoin before the halving event.
The BTC ETF announcement means that a new investment product, called an Exchange-Traded Fund, has been approved, allowing people to easily buy and trade Bitcoin through traditional stock exchanges, making it more accessible for mainstream investors who may not be familiar with cryptocurrency.
This allows for large institutions to start taking positions on Bitcoin, just in time for halving.
Understanding this, it would only make sense that those institutions would want to buy Bitcoin at the lowest possible price. This is why I believe we could see Bitcoin downtrend and reach the $35k to $30k level before halving. Waiting to buy at these levels. These institutions want cheap Bitcoin before the halving event.