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Price analysis 2/2: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, LINK
The launch of Bitcoin exchange-traded funds (ETFs) in January failed to boost prices as traders focused on the outflows from the Grayscale Bitcoin Trust (GBTC), ignoring the net inflows into the remaining ETFs. This shows that the traders sought to sell the news and book profits on their positions. However, a positive sign is that Bitcoin did not stay below the $40,000 level for long. This indicates that lower levels continue to attract investors. Buying on dips and selling on rallies may keep Bitcoin inside a range for a few days. The next major catalyst for Bitcoin is the halving in April. Another positive in favor ... (full story)