Bitcoin got the ETF approved; this is massive news for the crypto space, fueling the already bullish market. Bitcoin may surge up to 50 thousand dollars any moment now. A six-digit Bitcoin is definitely coming this year, and it is only a matter of patience in waiting for it to happen.
Bitcoin hit another new all-time high today; the new high apex is $48,960. The price is currently closing above the previous resistance of earlier this week on the four-hour chart. It is very close to $50,000, and it seems like we are consolidating under that point right now.
We did have a breakout from the bull flag forming in the daily charts; we can easily see Bitcoin going past $50,000 this weekend. This is not entirely certain, but from the chart, it seems like that is what will happen. We may see Bitcoin entering $80,000 by mid-April after the historical breakout trend follows through.
These days, we have been getting nothing else but bullish news for Bitcoin. Today, PayPal announced that they would be expanding their crypto services to residents in the U.K. Currently, they are only in the US. This means that they will be starting the rollout of the PayPal global crypto exchange. This will effectively make twice as many feasible clients for the PayPal crypto services when they exclusively deploy their exchange worldwide to all their available clients.
PayPal has already made itself a big player for crypto; we already see the PayPal exchange do hundreds of millions of dollars a day in volume. That number will continue to grow as more people start to take an interest in Bitcoin as it expands to more countries.
The first major Bitcoin ETF has been approved for North America because it has been approved in Canada, with a probable listing on the Toronto Stock exchange.
The crowning glory of Bitcoin ETFs will be the one in the United States, which has the biggest markets in the world, by a long shot.
The ETFs listed on US market exchanges are really what will make the markets go fantastic; the Canadian ETF will be listed in both Canadian and US dollars, so there is a possibility that we will see a lot of attention for this Bitcoin ETF from US firms.
These firms will most probably purchase the Bitcoin ETF through the Toronto stock exchange.
This Bitcoin ETF listing is not surprising since Canada recently allowed for the listing of a Bitcoin fund for their stock exchanges.
