Bitcoin, Ethereum and Bitcoin Cash: Price Analysis, 3rd Week- 17th July

Bitcoin, Ethereum and Bitcoin Cash: Price Analysis, 3rd Week- 17th July

By — Nirmal Ranga

Investors off lately have anticipated the possibility of the introduction of Bitcoin exchange-traded fund (ETF) by the end of next month and thus, it resulted in the relative upward rally momentum in Bitcoin also followed by other alternative cryptocurrencies. However, the anticipation of the same is at its nascent stage and so, the guarantee of the launch of ETF based on cryptocurrencies is too early to be decided upon.

As we speak of history till date, an idea for introduction of the Bitcoin based ETFs has been rejected twice by the US Securities and Exchange Commision (SEC). Out of these, one was submitted by the SolidX and the other filed by the Winklevoss twins, who operates a major US exchange Gemini.

Price and Volume Analysis globally:

Looking into the analysis above, it is easily observed that the anticipation towards the acceptance of the…

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About Author — Technical/Derivatives Analyst & Crypto-Currency Expert with a decade of Professional Experience having expertise in Equities, Commodities, FOREX & Crypto-Currency Markets. Connect with him on LinkedIn and follow him on Twitter.