DU09

BTC/USD - Impressive 20% pump on ETF news. Now what?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
Bitcoin has reached the key resistance just under 36k almost overnight.

This impressive pump came on the ETF rumors that an approval is due soon, if not this year, then early 2024.

This is bullish and is in addition to the halving event in April 2024, which is also a bullish event, historically.

This is a perfect storm for BTC to out-perform most altcoins in the next six months.

The BTC dominance already broke out in a massive way, putting most alts to shame.

My bias is bullish overall, and in my opinion, any drop under 30k is a massive buy opportunity - IF WE GET IT!

A pullback at this key resistance is likely. Nothing goes up-only. So don't FOMO under this resistance.

Moreover, the rally before the halving usually ends with a dump post-halving. Keep that in mind as we enter 2024.

Either way, I expect Bitcoin to perform well in the next six months and any drop is a buying opportunity.

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