Since July 20 lows, Bitcoin (BTCUSD) price has appreciated 120%. It is these kind of big move in less than 3 months is what attract investors to Bitcoin investment. Most importantly, the profit driven institutions and corporations can not ignore participating in Bitcoin investing niether. The surge in Bitcoin adaptation also bring it into main stream investing and fresh flood of capital will likely drive Bitcoin to all time high soon. Latest news that feeds bullish sentiment is Bitcoin Futures ETFs are likely to be approved before the end of October 2021. Analysts are speculating when the above happens it may replicate the Q4 2017 price rally after CME announced Bitcoin Futures trading on October 31, 2017. Bitcoin saw a move from November 2017 low of 5738 to December 2017 high of 19666, a 243% surge. Investors and institutions are rushing to buy Bitcoin before this happens again. This is the reason why Bitcoin has been hovering near recent high level without big retracement. Technically, Bitcoin has formed a bullish Cup and Handle pattern after breaking above its crucial resistances $53000 and the next upside target is all time high level $64967.
Followings are latest bullish news:
1. Over the last week, as $100 million worth of BTC left centralized exchanges, the behavior suggested that investors were looking to hold. More importantly, however, the number of large transactions, including those worth over $100,000 taking place on a given day, also saw a rise. Generally, due to their magnitude, large transactions act as a proxy to institutional activity. Noticeably, the number of Bitcoin large transactions hit a four-month high, with over $240 billion transferred per day for three consecutive days. This was indicative of a growing appetite among institutions investing in the king coin. ---Ambcrypto.com 10/09/2021
2. Analysts are expecting the BTC price to touch $100K this year. Will Bitcoin replicate the Q4 2017 price rally once again? All hopes are on the possibility of the Bitcoin ETF approval ahead of this month. Strong rumors in the market suggest that the US SEC could be approving the first Bitcoin ETF of America, later this month. Similar was a case back in 2017! On October 31st, the Chicago Mercantile Exchange (CME) Group announced its Bitcoin futures in the market. The CME Bitcoin Futures launched on December 18, 2017, went the BTC price touched an all-time high back then. Calling it a'buy the rumors, sell the news' kind of moment, crypto analysts Lark Davis notes that he wouldn't be shocked to see a similar kind of situation panning out if Bitcoin ETF gets the approval. Not to forget, the institutional activity in Bitcoin is much higher than it was in 2017.---Coingape.com 10/08/2021
3.Bloomberg ETF analyst Eric Balchunas discussed his opinion of the possibility on October 2 and shared a screenshot of the odds. Balchunas also mentioned SEC chairman Gary Gensler, calling him “Genz,” and how he likes the futures version of the bitcoin ETFs. "Yes, the SEC has kicked can on bitcoin ETF approval," Balchunas tweeted. "BUT that is for the physically-backed ones under '33 Act. The futures ETFs filed under the '40 Act (which Genz loves) are very much alive and likely on schedule (we think 75% chance approved in Oct)."---Bitcoin.com 10/02/2021
4. JP Morgan said: “Institutional investors appear to be returning to Bitcoin perhaps seeing it as a better inflation hedge than gold”. The three major reasons behind the recent Bitcoin price rally are:
"The recent assurances by US policy makers that there is no intention to follow China’s steps towards banning the usage or mining of cryptocurrencies."
"The recent rise of the Lightning Network and 2nd layer payments solutions helped by El Salvador’s bitcoin adoption."
"The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge." ---Coingape.com 10/08/2021
5. Hedge fund and investment firm backed by a16z, Kevin Durant, Ashton Kutcher, and Will Smith,Titan gives four specific reasons why Titan researchers believe bitcoin’s value will “exponentially grow in October, while other crypto assets may plateau.” Titan’s reasons include:
"We believe bitcoin ETFs are coming: Approval of U.S.-based bitcoin futures ETFs could come as soon as this month, with promising comments from SEC Chair Gary Gensler."
"Bitcoin is playing catchup: We’ve seen altcoins make new all-time highs over the last month, while bitcoin has consolidated between $40-50K. We believe Bitcoin is about to catch up to the pack."
"Taking a pause from altcoin season: The Altcoin Season Index shows that altcoin season may have already reached a local peak, with the market returning to bitcoin season in the short term."
“Institutional flows reversal: After suffering its longest run of institutional outflows, bitcoin has started to see strong inflows over the last two weeks. We believe this decisive turnaround in sentiment is due to growing confidence in the asset class among institutional investors. Once an institution buys bitcoin, you can generally expect them to HODL." ---Bitcoin.com 10/07/2021
自 7 月 20 日低点以来，比特币 (BTCUSD) 价格已上涨了 120%。正是这种不到 3 个月的大幅上升吸引了投资者进行比特币投资。最重要的是，利益驱动的机构和企业也不能忽视参与比特币投资。比特币采用的激增也使其成为主流投资，新的资本洪流可能很快将比特币推向历史新高。推动看涨情绪的最新消息是比特币期货 ETF 可能会在 2021 年 10 月结束前获得批准。分析师推测，当上述情况发生时，比特币可能会复制 2017 年第四季度的价格上涨。在 CME 于 2017 年 10 月 31 日宣布比特币期货交易后，从 2017 年 11 月的低点 5738 到 2017 年 12 月的高点 19666，比特币飙升了 243%。在这种情况再次发生之前，投资者和机构急于购买比特币。这就是为什么比特币一直徘徊在近期高位附近而没有大幅回撤的原因。从技术上讲，比特币在突破其关键阻力位 53000 美元后已形成了看涨的杯状突破形态，下一个上行目标将是历史高位 64967 美元。
以下是最新的利好消息：
1. 上周，随着价值 1 亿美元的 BTC 离开中心化交易所，这一行为表明投资者希望持有。然而，更重要的是，大宗交易的数量，包括在一天发生的价值超过 10 万美元的交易，也出现了增长。一般来说，由于规模庞大，大宗交易充当机构活动的代理。值得注意的是，比特币大额交易数量创了四个月新高，连续三天每天转账超过 2400 亿美元。这表明投资机构对货币之王的胃口越来越大。 ---Ambcrypto.com 10/09/2021
2. 分析师预计今年 BTC 价格将达到 10 万美元。比特币会再次复制 2017 年第四季度的价格反弹吗？所有的希望都寄托在本月结束之前比特币 期货ETF 获得批准的可能性上。市场上的强烈传言表明，美国证券交易委员会可能会在本月晚些时候批准美国的第一个比特币期货 ETF。类似的是 2017 年的一个案例！ 10 月 31 日，芝加哥商品交易所（CME）集团在市场上公布了其比特币期货。芝加哥商品交易所比特币期货于 2017 年 12 月 18 日推出，当时 BTC 价格创下历史新高。加密货币分析师拉克戴维斯将其称为“谣言买入，新闻卖出”的时刻，他指出，如果比特币 ETF 获得批准，他不会对看到类似情况发生感到震惊。别忘了，比特币的机构活动比 2017 年要高得多。---Coingape.com 10/08/2021
3.Bloomberg ETF 分析师 Eric Balchunas 在 10 月 2 日讨论了他对可能性的看法，并分享了赔率的截图。 Balchunas 还提到了 SEC 主席 Gary Gensler，称他为“Genz”，以及他如何喜欢比特币 ETF 的期货版本。 “是的，美国证券交易委员会已经开始批准比特币 ETF，”Balchunas 发推文说。 “但那是针对 33 年法案下的实物支持的。根据 40 年法案（Genz 喜欢）提交的期货 ETF 非常活跃，很可能按计划进行（我们认为 10 月批准的可能性为 75%）。”- --Bitcoin.com 10/02/2021
4. 摩根大通表示：“机构投资者似乎正在回归比特币，或许将其视为比黄金更好的通胀对冲工具”。最近比特币价格上涨背后的三个主要原因是：
“美国政策制定者最近保证，无意效仿中国禁止使用或开采加密货币的步骤。”
“最近闪电网络和第二层支付解决方案的兴起得益于萨尔瓦多比特币的采用。”
“投资者对通胀的担忧重新出现，重新燃起了将比特币用作通胀对冲工具的兴趣。” ---Coingape.com 10/08/2021
5.由 a16z、凯文杜兰特Kevin Durant、阿什顿库彻Ashton Kutcher和威尔史密斯Will Smioth支持的对冲基金和投资公司，Titan 给出了 Titan 研究人员认为比特币的价值将“在 10 月份呈抛物线增长，而其他加密资产可能会趋于平稳”的四个具体原因。Titan列举的原因包括：
“我们相信比特币 ETF 即将到来：美国的比特币期货 ETF 最早可能在本月获得批准，美国证券交易委员会主席加里·根斯勒 (Gary Gensler) 发表了充满希望的评论。”
“比特币正在迎头赶上：我们看到山寨币在上个月创下历史新高，而比特币已经在 40-50,000 美元之间盘整。我们相信比特币即将迎头赶上。”
“从山寨币季节暂停：山寨币季节指数显示，山寨币季节可能已经达到了当地的峰值，市场在短期内将回到比特币季节。”
“机构流动逆转：在经历了最长的机构流出之后，比特币在过去两周开始出现强劲流入。我们认为，情绪的这种决定性转变是由于机构投资者对资产类别的信心增强。一旦机构购买了比特币，通常可以期望他们会继续持有。” ---Bitcoin.com 10/07/2021
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