Bitcoin Weekly Report brought to you by #Bitunix

✅Recent #BitcoinETF approval triggers a consistent surge in #Bitcoin 's price, propelling it towards a crucial resistance region.

✅#Bitcoin  faces hurdles in reclaiming the significant level of $48K, marked by the upper boundary of the ascending channel and static resistance, posing a crucial test.

✅Anticipating the approval of the first-ever #Bitcoin  spot ETFs in 2024, a noticeable trend reversal is observed, signaling a potential increase in risk appetite.

✅The projected shift in risk sentiment not only benefits #Bitcoin  but could have a ripple effect, providing a positive boost to the entire digital asset market in the coming year.

#BTCAnalysis #CryptoNews #BitcoinETF #Butcoin #BitunixAnalysis #MarketTrends

Bitcoin Price Analysis:

🔸 $BTC has remarkably recovered above its previous uptrend line, triggering a massive breakout that could swiftly propel prices not just above $47K but also past $50K.

🔸 The bearish scenario has become highly unlikely, signaling a strong return to bullish momentum. Bull mode is activated!

#Bitcoin #BTC #Bullish #BitunixAnalysis

https://twitter.com/bitunix/status/1755547104276365735?t=3Im9e3cYiQ2BpH1tIfBc-g&s=19

Ethereum Price Analysis:

🔹 $ETH is exhibiting significant strength, having fully confirmed its breakout from the bearish channel.

🔹 With a major resistance at $2456, its steep uptrend line is poised to facilitate a swift move beyond this level.

🔹 Reaching $2.9K in the coming weeks now appears highly probable for $ETH.

#ETH #Ethereum #BitunixAnalysis

https://twitter.com/bitunix/status/1755553578855629297?t=MSSxn0-8Ql5gZw14f6JZyA&s=19