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| comment | | "parent_author":"",<br>"parent_permlink":"bitcoin",<br>"author":"theindiantrader",<br>"permlink":"bitcoin-etf-and-market-movement-let-us-analyze-the-market-for-last-2-years",<br>"title":"Bitcoin ETF and Market Movement: Let us Analyze the Market for last 2 years",<br>"body":"Welcome back,<br>\n\n In today's blog we will discuss about the Bitcoin Spot ETF and It's effect of the market seen in last 48 hours. I was actually away from the blog but I want to say that finally ETF are approved and people of our world ( Crypto World) are proud as being the early adopter and believers.\n\nNow let us come down and talk some facts related to the ETF approval. The current market situation is something which was not expected by anyone,<br> BTC got below 44k even after approval and hitting the 49k close. We will see why is this happening.\n\nYou can see the weekly chart for bitcoin below and it includes last two years approximately.\n\n![ (https:\/\/images.ecency.com\/DQmbqrUMyF7zEQhE6bsfXKDQfagjwmNAzzBUgAXSYWzCnCf\/image.png)\n\nYou can see that bitcoin has reached it's resistance and that is the resistance in last 21 months so we can see that it was quite a big resistance. It can hunt for it's all time high as well after breaking the 50k mark but that did not happened. Whales played smartly,<br> very very smartly.\n\nLet me share something that will blow your mind,<br> check out the volume chart for bitcoin below. It too represents for the last 21 month and there you will find what is actually happening within the market since last 1 year and more.\n\n![ (https:\/\/images.ecency.com\/DQmTDntki54uyMLfg3X9u494vr9cHoPRonUdGeJxK3kt68m\/image.png)\n\n$20-30k price range is that price range of bitcoin when the volume was at peak. Bitcoin volume compared to those time is nothing right now as the chart tellls us and I have taken it from Binance. Surprisingly when bitcoin touched it's all time high we saw similar volume at that time as well. check below!\n\n![ (https:\/\/images.ecency.com\/DQmbvAiwM9LiydGtVPUu1Q6ZGVHzxzMEHcvD9KcUSWct1gs\/image.png)\n\nSo there can be two possible scenarios from here,<br> we might be seeing a correction soon in the market. We must keep an eye on Ethereum to know if we might see a alt rally but if ETH dominance is not increased and the same old thing continues then we can see bitcoin rising again.\n\nToo much confused right now to be honest but super interesting situation. I love it as new doors are opening and so called master are now acting like Noobs.\n\nThank You and happy trading everyone.\n\n---\n\nI generally share coding blogs so you can visit my profile to see them.\n\nIf you also want to learn basics and start your C programming journey then find a teacher today for free on Youtube.\n\nI learnt alot from a teacher who teaches c in hindi and if you are finding someone who teaches in hindi then this person will definitely help you.\n\nhttps:\/\/youtu.be\/7Dh73z3icd8\n\n<a href=\"https:\/\/youtu.be\/7Dh73z3icd8\">Source<\/a>\n\nI am happy to call myself a trader and small programmer at the same time now.\n\nHappy trading and keep learning what you love.\n\n---\n\n<a href=\"https:\/\/ecency.com\/@theindiantrader\">![image.png (https:\/\/img.blurt.world\/blurtimage\/theindiantrader\/a356064aab37f0041bd1c0d0ef88cadf72ff897e.png)<\/a>\n\n<code>Click above to head over to my hive blog.<\/code>\n\n### NOTE : This post\/ contest was originally published on hive blockchain and in case this is a contest post then to participate you must do it on my hive handle only. I will not consider entries here for my contests.\n\nBy the way if you have not joined hive yet then you can do so by following the link below:\n\n<a href=\"https:\/\/ecency.com\/signup?referral=theindiantrader\">Join Hive via Ecency<\/a>",<br>"json_metadata":" \"tags\":[\"bitcoin\",<br>\"blurtlatam\",<br>\"market\",<br>\"blurtconnect\",<br>\"powerclub\" ,<br>\"image\":[\"https:\/\/images.ecency.com\/DQmbqrUMyF7zEQhE6bsfXKDQfagjwmNAzzBUgAXSYWzCnCf\/image.png\",<br>\"https:\/\/images.ecency.com\/DQmTDntki54uyMLfg3X9u494vr9cHoPRonUdGeJxK3kt68m\/image.png\",<br>\"https:\/\/images.ecency.com\/DQmbvAiwM9LiydGtVPUu1Q6ZGVHzxzMEHcvD9KcUSWct1gs\/image.png\",<br>\"https:\/\/img.youtube.com\/vi\/7Dh73z3icd8\/0.jpg\",<br>\"https:\/\/img.blurt.world\/blurtimage\/theindiantrader\/a356064aab37f0041bd1c0d0ef88cadf72ff897e.png\" ,<br>\"links\":[\"https:\/\/youtu.be\/7Dh73z3icd8\",<br>\"https:\/\/ecency.com\/@theindiantrader\",<br>\"https:\/\/ecency.com\/signup?referral=theindiantrader\" ,<br>\"app\":\"blurt\/0.1\",<br>\"format\":\"markdown\" " | | comment_options | "author":"theindiantrader",
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