Bitcoin Price Dips, BlackRock Launches ETF
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Bitcoin priceCoinGape
•Business
Business & Economics
BTC price to hold $96K support as BlackRock moves to Bitcoin ETFs in Europe
77% Informative
Bitcoin (BTC) price consolidated within the narrow 5% range between $95,000 and $100,000 on Wednesday, Feb. 5 , as markets struggled under bearish headwinds from the US - China trade war.
BlackRock Inc. , the world’s largest asset manager, is preparing to list an exchange-traded product directly tied to Bitcoin in Europe .
This move follows the overwhelming success of its US -based Bitcoin ETF, which has amassed $58 billion in assets under management.
Bitcoin price forecast charts shows BTC is could find crucial support zone at the $ 96,000 level.
Bitcoin ’s ability to maintain support at $ 96k amid macroeconomic turbulence will be critical in determining its short-term trajectory.
Next major Bitcoin price resistance zone is located between $96 K and $ 100K.
Should Bitcoin breach $ 100,410 , it could open the door to further upside momentum toward the $ 106 K level.
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