Is the ETF Approval a 'Buy the Rumor, Sell the News' Event?

📈The ETF approval could lead to a spike in Bitcoin's price, but a rejection could cause a pullback.

🌐Bitcoin's current uptrend is extended with no significant pullback in recent months.

👀Investors should be prepared for potential buying opportunities in altcoins if the market pulls back.

🗓The current market cycle is transitioning from phase one to phase two, which historically leads to a rally in altcoins.

🏦Black Rock's ETF approval deadline is on March 15, which could align with other major players and drive the market further.

Will the ETF be approved this week?

—It is not certain, but the market expects it to be approved.

What could happen if the ETF is rejected?

—Bitcoin may experience a pullback, potentially reaching the $30,000 level.

What is the current level of Bitcoin's moving averages?

—Bitcoin is currently above its 7-day, 20-day, and 50-day moving averages.

Are there any potential buying opportunities for altcoins?

—Yes, if Bitcoin pulls back, there could be buying opportunities for altcoins.

When is Black Rock's ETF approval deadline?

—Black Rock's ETF approval deadline is on March 15, 2022.

00:00Less than 72 hours until the first ETF approval or denial.

03:32A potential pullback may provide buying opportunities for altcoins.

06:09The current market cycle is transitioning from phase one to phase two.

08:16Black Rock's ETF approval deadline is on March 15, which could align with other major players.