Bitcoin ETF is Getting Closer, These Are Predictions from Experts!

Tensions are rising in the crypto market as the deadline for Bitcoin ETF approval by the SEC approaches . Market analysts warn that this could be the start of a dramatic change, especially for altcoins . Are you ready to face the potential storm that will come?

Bitcoin ETF Speculation and Its Impact on Altcoins

The crypto market is currently gripped by anxiety along with speculation regarding the approval of a Bitcoin ETF. Miachaël van de Poppe, a leading crypto market analyst , emphasized that altcoins are experiencing pressure as the market focus shifts to Bitcoin.

He predicts that after the approval of the ETF, momentum will return to altcoins. Meanwhile, Bitcoin is showing significant volatility, with the price fluctuating around $43,772.30.

Van de Poppe suggests a strategy of buying Bitcoin when it drops more than 10% and selling it when the price reaches $48,000 to $51,000. This condition indicates that the market is preparing itself for major changes to come.

Market Correction Predictions and Expert Concerns

Ran Neuner, founder of Crypto Banter, predicted that the ETF approval would be a “selling news” event for altcoins. He indicated that the crypto market may experience a painful correction, with Bitcoin potentially falling to $35,000 and Ethereum below $1,800.

Other experts, such as BitMEX's Arthur Hayes and Max Keiser, also voiced their concerns. They argue that Bitcoin ETFs could reduce interest in physical Bitcoin and jeopardize the legal status of owning Bitcoin. This is a signal that the crypto industry should prepare for possible unwanted surprises.

Bitcoin Options Analysis and Market Expectations

Data from Amberdata shows that premiums for Bitcoin call options have declined, signaling that bullish sentiment in the market is starting to wane. Call options expiring in one week to three months now trade at a premium of about 2% compared to puts, down from 8% in early November.

The implied volatility in short-term options indicates that the market may experience price turbulence in the near future. However, analysts predict that the ETF announcement will only have a temporary impact on price volatility, and the crypto market will eventually stabilize.

Conclusion

With the Bitcoin ETF approval deadline fast approaching, the crypto market appears to be on the verge of a major change. Whether this will be the start of a new bull run or a deep correction, only time will tell. However, traders and investors must remain alert and ready to face any eventuality.

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