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<div class="text-justify">There are high probabilities that in the next few hours they will approve the spot ETF for Bitcoin on U.S. soil, this implies a big step in the mass adoption of cryptocurrencies and their momentum as alternative exchange assets against conventional markets. </div>
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<div class="text-justify">Now, the approval of a spot ETF for Bitcoin implies that the price action of BTC will probably have a radical change in the coming days, this if we take into account that high volatility is expected as US inflation data is also expected to be announced in the following days. </div>
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<div class="text-justify">Heeding the above in the subject line of an article uploaded by friend William Suberg, "Markets remained nervous as to how BTC/USD might react to the approval or denial of the first U.S. spot Bitcoin exchange-traded fund (ETF), a decision scheduled for January 10"</div>
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<div class="text-justify">According to Suberg, "the seminal event is expected to deliver a temporary blow to bulls in the form of a pullback in BTC prices in a "sell on the news" type event. Others see the possibility of a sharp rise that could challenge key psychological levels." </div>
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<div class="text-justify">One of the elements raised by Suberg that I also agree with is that "Regardless of the direction the move takes, indicators point to a breakout of the narrow intraday range." </div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin traders see breakout as bulls cling to $44K in ETF countdown. <a href="https://cointelegraph.com/news/bitcoin-traders-breakout-bulls-44k-etf" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-traders-breakout-bulls-44k-etf" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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