BlackRock, World’s Largest Asset Manager Files A Blockchain ETF
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The crypto adoption has been going great for a few years, and there are a lot of moves being made in this direction. The great things that are happening are taking crypto on the right path, despite the price corrections that we might encounter along the way.
Now, the latest news comes to bring more excitement into the crypto space.
Check out the tweet with the new reports below:
People in the crypto space are expecting to see the price of the king coin pumped back up. At the moment of writing this article, BTC is trading in the red and the king coin is priced at $35,644.
Bitcoin new price prediction is out – market correction
Earlier today, we revealed that a popular crypto analyst is looking at past Bitcoin (BTC) downtrends to see what will the path for the king coin be in the near future.
In a new strategy session, Benjamin Cowen explained that liquidation events with high volume have historically signaled that a support level has been found, and Bitcoin can surge to the upside.
Cowen made sure to tell crypto enthusiasts that liquidation events took place in December 2018, March 2020, and May of 2021.
He explained that despite Bitcoin’s recent price drop, he doesn’t think it signifies the kind of major capitulation necessary to provide support before we can see a new important price surge.
“My philosophy at this point, and it has been for the entirety of Q1, is that I believe Q1 will be bearish, you should assume that the downtrend will continue until proven otherwise.”
While some investors are freaking out at the sight of this new market correction, crypto lovers are simply buying this dip as well.
The post BlackRock, World’s Largest Asset Manager Files A Blockchain ETF first appeared on CryptoGazette – Cryptocurrency News.
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