Bitcoin’s (BTC) price recently raced to $62,000 following a sharp drop, leaving the crypto community wondering if this signals the end of the bear season. If so, Bitcoin (BTC) could continue to rise to $72,000, bringing significant inflows for Spot Bitcoin ETFs and crypto ETF trading platforms like ETFSwap (ETFS). If not, could (BTC) fall to $40,000? Top crypto analysts have weighed in on the matter.
Renowned Crypto Analysts Explain What’s Happening To Bitcoin (BTC)
In an X (formerly Twitter) post on August 8, crypto analyst, Sensei, drew attention to the sharp drop from the $47,000 zone on Bitcoin’s (BTC) price chart, which was quickly followed by a run to the upside. Sensei questioned the move, suspecting a shake-out or a bear trap designed to take weak investors out of the market before a bullish run began.
Sensei’s suspicions would seemingly be confirmed by Bitcoin’s (BTC) race above $62,000 the following day, August 9th. The phenomenon left the crypto market speculating on the cause of the move and what it means for Bitcoin’s (BTC) future.
In another X post on August 10th, Sensei provided the answers. He believes the move was a bear trap and predicted it would end over the weekend, commencing a bullish run for a change. Although Bitcoin (BTC) has dropped to $58,000 since then, Sensei is unwavering in his belief that the Bitcoin (BTC) bearish season is ending and a bull run will commence soon.
Michaël van de Poppe, another top analyst, gave his two cents on the phenomenon. Like Sensei, van de Poppe believes we have just seen a bear trap and predicts big events for Bitcoin (BTC) and the crypto market at large. He estimates that the sharp drop wiped out about $1.2 billion in leveraged trades.
ETFSwap (ETFS) Set To Surge 1200X In Bitcoin (BTC) Resurgence
Should a resurgence be around the corner for Bitcoin (BTC), the wider cryptocurrency market will benefit considerably. Spot Bitcoin ETFs, which have seen a steady decrease in capital inflows for weeks, should also see those inflows pick up again. By extension, ETF trading platforms such as ETFSwap (ETFS) will see considerable activity increases.
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As it stands, ETFSwap (ETFS) has been pegged for massive surges in the next few weeks, with some analysts forecasting up to a 550% price increase for the token. ETFSwap’s (ETFS) crypto ETF trading platform is home to the world’s best infrastructure for efficiently trading and investing in hybrid institutional assets such as crypto ETFs, inverse ETFs, fixed-income ETFs, etc.
Partnering with MiCa-compliant regulated investment banks allows ETFSwap (ETFS) to provide access to these institutional investment vehicles for the platform’s thousands of users. This unique offering coupled with ETFSwap’s (ETFS) efficient integration of blockchain technology has been widely acclaimed by all who tested the platform before its beta launch in a few weeks.
ETFSwap’s (ETFS) decentralized infrastructure offers a variety of perks and benefits for users including transparency, flexibility, all-day access to market data, and advanced AI-powered trading tools. Blockchain technology also fortifies the platform against security breaches.
ETFSwap (ETFS) demonstrated its robust security when Cyberscope, a security auditing firm, thoroughly audited the platform. Additionally, the brilliant team behind the project completed KYC verification from SolidProof, reassuring its users of its commitment to securing their hard-earned investments.
A Bitcoin (BTC) Price Surge Could Give You Amazing Investment Opportunities In This Already Profitable Token
Bitcoin’s (BTC) projected resurgence would bring a welcome change to the low tides plaguing the crypto market. The resulting boom would further launch ETFSwap (ETFS) to greater heights as the token’s presale performance is already breaking records despite the current adverse market conditions.
ETFSwap (ETFS) has sold over $2.75 million worth of tokens. Smart investors are buying the token now at its low price of $0.01831, and applying the 50% bonus promo to their purchase as they expect massive returns in the coming weeks.
For more information about the ETFS Presale:
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