DeFi
BTC Price Falls to Critical Support, Can Bitcoin Spot ETFs Send Price to $100,000? – Blockchain News, Opinion, TV and Jobs
ETFSwap (ETFS) is set to hit $5 as analysts tout Spot Bitcoin ETFs as catalysts to drive BTC price from critical support to $100,000.
A significant drop in BTC prices on the monthly chart time frame draws the gaze and attention of expert traders and analysts to Bitcoin as its price drops to retest the critical support zone at levels below $64,000. Analysts also expect another coin, ETFSwap (ETFS)to see a notable rally from $0.01831 to $5.
Spot Bitcoin ETFs to send ETFSwap (ETFS) trades below $0.1 during meteoric rally to $5
ETFSwap (ETFS) is a decentralized platform touted by top crypto analysts as the next big thing in the DeFi industry. The DeFi platform offers advanced trading utilities and solutions that smart traders leverage to become highly profitable. Like never before, Smart ETF traders and investors looking to trade and invest in the industry’s most sought-after cryptocurrencies and ultra-rare ETFs, such as Spot Bitcoin ETFs, can satisfy their investment needs on the one-stop DeFi trading platform ETFSwap (ETFS), which opens access to a world of profitable ETF investments.
In addition to Spot Bitcoin ETFs, other Tokenized ETFs capable of increasing investment returns on the DeFi platform include Spot Ethereum ETFs, Bond, Stock, Leveraged, and Commodity ETFs, among others. These highly liquid and volatile tokenized ETFs come from high-ranking traditional sectors including energy, agriculture, technology, healthcare, and more. The DeFi platform is open 24/7 for trading and investing and offers up to 50x leverage to smart investors and traders to increase ETF investment returns by up to 50,000%.
Smart traders’ navigation of the DeFi trading platform is simple as ETFSwap (ETFS) is designed to be user-friendly, allowing traders and investors to seamlessly switch between wallets and a marketplace for desired ETF purchases. The platform is 100% decentralized and permissionless, allowing traders and investors full control over their trading portfolios and tokenized ETF investments.
Due to the successful introduction and listing of a Spot Bitcoin ETF in the global financial market, ETFSwap (ETFS) plans to launch its own ETF in the first quarter of 2025. A Potential Approval of Spot Bitcoin ETF (ETFS) in 2025 is optimistic for the crypto industry and very profitable for its pre-sale investors as top analysts predict that it will reflect the exponential growth rate of Spot Bitcoin ETFs and their adoption in the global financial market.
BTC price hovers around critical support level
Despite the massive drop in BTC prices negatively affecting the prices of several altcoins, the overall market sentiment remains optimistic as touted by top analysts. spot Bitcoin ETFs as a catalyst, which could send the BTC price to $100,000 in the coming months.
Best Crypto Analysis by Famous Market Experts revealed that the BTC price is trading at a critical price support level. According to market experts, the key level to watch in BTC price is the $64,000 price zone, which provides strong support for Bitcoin (BTC). A rebound from the critical support zone for Bitcoin could send BTC price to $87,000 as a potential inverse head and shoulders pattern is seen forming on the 3-day Bitcoin chart timeframe. Additionally, the hype and narrative of Spot Bitcoin ETFs in crypto markets is a major bullish price catalyst, having the potential to push BTC price above its current support up to $100,000 in the coming weeks.
At press time, Bitcoin (BTC) professions at $65,100, according to Coingecko trade data reports.
Conclusion
Top DeFi token ETFSwap (ETFS), sold at an undervalued takeoff price of $0.01831 in its viral ICO pre-sale phase, is on the radar of famous crypto analysts, who are touting it as one of the few select altcoins in 2024, leveraging Spot Bitcoin ETFs as a catalyst for exponential rallies in the months to come .
Take advantage of the viral presale to position yourself in favor of generational wealth in the coming weeks after the expected launch of its token on major exchanges.
For more information on the ETFS presale: