Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain

According to polls, predictions, and commonly seen comments from the cryptocurrency community, most are certain that one day Bitcoin will reach prices of $100K to as much as one million USD. For most, it’s not a matter of if, but when. A new study using a long-term power-law corridor of growth may help provide clues to when Bitcoin price will reach such incredible values or at the very least lock down timeframes when these values are most likely to be reached. Bitcoin Power Law Growth Corridor Predicts When Bitcoin Will Reach $100K, $1M Technical analysis often relies on charting channels by drawing a top and bottom parallel trend line that the asset follows. Occasionally, only the bottom trendline is used to show …

Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support.If we can hold the $10,300 level, I expect to see a strong continuation of our uptrend and for the price to ultimately break new highs above $11,000.However, if we fail to hold support we will most likely be visiting the low $9,000s for the fifth time. Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is…