COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Developments in the Spot Bitcoin ETF Process Influence Crypto Market Trends
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Developments in the Spot Bitcoin ETF Process Influence Crypto Market Trends
Bitcoin (BTC)

Developments in the Spot Bitcoin ETF Process Influence Crypto Market Trends

In Brief

  • Spot Bitcoin ETF developments continue to drive crypto asset trends.

  • Grayscale's Bitcoin sell-off and investor exits pressure Bitcoin prices.

  • Bitcoin price falls below $41,000 following recent market movements.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Developments related to the spot Bitcoin ETF process continue to influence the direction of crypto assets, including Bitcoin. Recently, Grayscale’s Bitcoin sales and investors’ exits from this investment fund continue to create pressure on the Bitcoin price. In the last few minutes, the Bitcoin price has fallen below $41,000.

Bitcoin Chart Analysis

Following the recent developments, the Bitcoin price rose to $49,000 last week after the approval of ETFs, but the onset of profit-taking in this region caused Bitcoin to fall below $41,000 at the time of writing. With the recent decline, Bitcoin has experienced a breakdown at the support line of the rising channel formation on the four-hour chart.

The most important support levels to watch on the four-hour chart for Bitcoin are; $40,805 / $40,133 and $39,416 respectively. Particularly, a four-hour bar close below the support level of $40,805, which acted as support in the last bar formation, will lead to selling pressure on the Bitcoin price.

The most important resistance levels to watch on the four-hour chart for Bitcoin are; $41,265 / $41,710 and $42,328 respectively. Especially, a four-hour bar close above the $41,710 level, which intersects with the support line, will help Bitcoin regain momentum.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Strategy’s Bold Moves in Bitcoin Surge to New Heights

A Daring Return: James Wynn’s High-Stakes Moves in the Crypto Market

Metaplanet Increases Bitcoin Holdings in Bold Crypto Strategy

Bitcoin Dips Set the Stage for a Massive Surge

Bitcoin’s Potential Surge Ignites Market Interest

COINTURK NEWS 18 January, 2024 - 11:35 pm 18 January, 2024 - 11:35 pm
Share This Article
Facebook Twitter
Share
Previous Article Ripple CEO Discusses Regulatory Challenges in the US Crypto Industry
Next Article Shiba Inu Technical Analysis: A Closer Look at the Charts
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Geopolitical Events Redirect Cryptocurrency Dynamics
Cryptocurrency News
Traders Navigate Tariff Tensions to Predict Shiba Coin and XRP Movements
Ripple (XRP)
Bitcoin and MKR Coin Take Center Stage: Summer Price Targets and Critical Events
Cryptocurrency News
Cryptocurrencies Rise as Fed Faces Inflation Challenges
Economy
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?