Grayscale Debuts Bitcoin ETF, Glassnode Signals BTC Reset

Grayscale Debuts Bitcoin ETF, Glassnode Signals BTC Reset
Grayscale Debuts Bitcoin Adopters ETF, Glassnode Flags Structural Reset for BTC

Main notes

  • ETF allows Grayscale from BCOR to investors to benefit from companies that have great possessions through traditional stock markets.
  • Glassnode’s analysis indicates that Bitcoin is likely to come out of the last correction stage, with the support of the main pricing models.
  • Bitcoin faces critical resistance between 95 thousand dollars and 98 thousand dollars, with a successful break that is likely to lead to $ 100,000+.

GrayScale Investments Bitcoin Tatters ETF (BCOR) has launched, providing the stock market exposure to companies with large BTC holders, while Glassnode’s analysis indicates that bitcoin moves outside the last correction phase.

Grayscale’s BCOR ETF

The latest Grayscale products, Bitcoin adopts ETF (BCOR)It is designed to capture the momentum of public companies that retain at least 100 BTC on its public budgets.


ETF tracks the IndXX Bitcoin Adoption Index, which includes more than 33 companies in 15 sectors, all with real estate in the market more than $ 100 million.

“Since more companies integrate Bitcoin into their public budgets, BCOR provides an aspirational strategy to capture this momentum through traditional stock markets,” said David Laval, head of investment funds circulating in Grayscale.

Grayscale enters space where the BitWise Bitlise ETF has already achieved, but BCOR’s arrival can increase legitimacy to bitcoin in the eyes of investors who focus on shares.

Glassnode: BTC in the reset of the structure, not the market area

According to GlassnodeThe last Bitcoin clouds do not reflect the full bear market, but rather a healthy unification stage. Zerizers Analysis in the main pricing models:

  • 111dma: $ 91.3K
  • The basis of the cost of the pregnant holder in the short term: 93.2 thousand dollars

Bitcoin has recently broke up on both of these two levels, indicating the potential of renewable bullish momentum, and the price is above this range.

Metrics such as MVRV, the percentage of profit, and SOPR indicate that the investor’s stress has eased, and that the majority of BTC holders have returned to profit.

MVRV recently wore its long -term average (1.74), a historical support level during mergers.

Glassnode emerges 95 thousand dollars – 98 thousand dollars as a critical resistance area where:

  • Many short -term holders bought this range and may sell at a tie.
  • Their holders may start in the long term (LTHS) distribution by about 99.9 thousand dollars, as the unintended profit margin reaches 350 %.
  • Cleansing this area can successfully send Bitcoin to a low -resistance area of ​​more than $ 100,000, which opens the door to discover prices and the new height.

Bitcoin price goals

The Bitcoin price is now at $ 95,000, and according to the graph below, the MACD (blue) line has started in the curve up after the shallow landing intersection, with the contraction of the graphic bars.

If the MACD line crosses the signal line (orange), it will confirm that there is a shift in the upper side. Merchants should monitor this confirmation in the next 1-2 candle.

The relative power index rose from the 50th region and is currently in 58.13, approaching the ups of the ups. This indicates the renewal of the purchase force without being overlooked.

Bitcoin daily chart Source: TradingView

Fibonacci levels show that the main resistance of 1.618 FIB: 97,454 dollars; 2.618 FIB: $ 100,311; 3.618 FIB: $ 103,169; And 4.236 FIB: 104,935 dollars. If Bitcoin outperforms $ 97.5 thousand, it can enter a low -resistance vacuum of up to $ 100,000+.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Barth Dobby

Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

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