Can BTC overcome $ 60,000 in the middle of rumors about the approval of futures-backed ETFs?

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BTC still shows a strong dynamic, a short-term careful signal.

It seems the anticipation of a futures-supported BTC-ETF heated the rally towards 60,000 USD.

After BTC had a strong closing date of over 52.9,000 USD, which indicates that the bear trap has been completed, BTC further pushed up into the expected resistance zone between $ 55,000 and 58.3,000. When we

img_5757-min scaled.jpeg Chart according to tradingview

The technical momentum shows strength on the 3-day and weekly charts and signals an upward movement in the coming weeks and months. The sweater in September turned the daily momentum in Bärisch, but the latest rally has managed to turn it back into an upward trend, since BTC continues to test great resistance.

Auf-chain no aggressive distribution

During the consolidation of Bitcoin in the middle $ 50,000 level, the on-chain indicators showed a slight distribution of long-term owners, which had no influence on the general upward trend in accumulation. When BTC penetrated the upper $ 50,000 levels, the cashiers began to rise, which led to the Kassa trial reserves slowly tended up.

The metric of the UTXO age distribution of cryptoquant showed a slight distribution of some long-term owners, but very small amounts compared to a stronger distribution from later phases of the housesee. Long -term owners tend to distribute more aggressive, since BTC presses up significantly in the later phases of the house. This indicates that you are not interested in selling BTC, even if the prices test great resistance.

The Means Coin Age, an on-chain metric, which helps to recognize the trend of distribution or new battery, has cooled down from the light distribution for two days and has now resumed the almost 5-month upward trend and has reached new all-time highs. This shows that long -term owners have not distributed aggressively, especially compared to bull traps where they distributed greatly during recreation rally.

img_5758-min scaled.jpeg Diagram by Cryptoquant

SPX shows signs of risk when resuming

After a severe decline in the SPX, the price was able to form a double floor with interest bully divergence on the 4-hour chart. The SPX has formed higher highs and higher lows last week, which further confirms a floor. During the floor formation process, the dollar reached near a technical resistance level and printed a declining candle that indicates a further downward movement, an interest bully signal for risk systems.

In addition, money continues to flow from long -term bonds, which usually indicates that investors rotate back into shares or other risk systems. This is important to consider, since the macro -conditions can also influence the development of the BTC. Overall, a return to the risk is a positive catalyst for BTC, since investors are looking for places where they can store their assets.

img_5756-min-scaled- Chart after tradingview
IMG_5755-Min scaled.jpeg Chart according to Tradingview

In the medium to long term, there are currently many positive catalysts for BTC in addition to bullish fundamental and on-chain data such as a possible BTC ETF approval, a reporting season in which companies could announce BTC purchases, and still no signs of FOMO in the market.

It is important to consider that the BTC Prize on the day of the announcement could fall if the market sells the news. In view of increased open interests, financing interest and a large rally in the past few weeks, the risk of short -term sweater should not be neglected. It is very likely that after a possible cleanup, BTC will see an interest bully sequel, since the overall trend remains tight.

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