Most investors do not know but ETF's based on futures are super shady. They always go to $0. The contango effect of an ETF having to roll over contracts means each time they do it, they lose a % (front month is higher price than current month). Use it for short term trading only.
·
Lots of wild bulls continue to go nuts but ultimately, the 65k (confirming) is the level. That is the end all/be all level per past cycles. Be careful as this hype is based on the #Bitcoin futures ETF debuting. So far 65k not taken out, let's watch the price action into next week
Gareth Soloway
@GarethSoloway
·
Indications are that $BTC will confirm finally over the "scene of the crime" trend line. The next challenge is...can it take out the 65k high. That is the determining factor on whether it will see 18-20k in the near-term (6 months out or not) and if it may make a run at 100k.