Technical analysis by BrankoPetruci about Symbol BTC on 4/7/2024

Bitcoin It is seeking to gain strength from the 54 thousand support and make an attack towards the 73 thousand peak. Let's see if he has enough breath. 🔹Such an expectation exists in the market with the wind of the #Ethereum ETF process, which is expected to be approved and started next week. But we will see if the MCCs will allow this. 🔸According to Fibo levels, we are around 0.618. It's also possible that he'll linger around here. Meanwhile, the 5 spot Ethereum ETF will begin trading on the Chicago Board Options Exchange on July 23, following final regulatory approval. -21Shares Core Ethereum ETF, -Fidelity Ethereum Fund, -Invesco Galaxy Ethereum ETF, -VanEck Ethereum ETF, These ETFs, including the Franklin Ethereum ETF, were enabled by SEC-approved rule changes in May. Issuer funds were planning to temporarily waive or reduce fees to gain market share. This is a good step for those who will buy from ETFs. Analysts expect the new ETFs to attract billions of dollars of net inflows into Ethereum in the months following their launch. Source: Cointelegraph