Bitcoin 
Ethereum 
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BNB 
USDC 
Lido Staked Ether 
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Bitcoin may still be on track to $200,000 before the end of the year despite the recent market crash, but a lack of ETF buying continues to limit upside potential.
💡 DMK Insight
Bitcoin’s potential to hit $200,000 this year hinges on ETF activity, and here’s why that’s crucial right now: The recent market crash has shaken many traders, but the bullish sentiment around Bitcoin remains, primarily driven by expectations of institutional investment through ETFs. However, the absence of significant ETF buying is a red flag, suggesting that institutional players might still be on the sidelines. This lack of momentum could keep Bitcoin’s price range-bound in the short term, making it essential for traders to monitor ETF approval timelines and any announcements from regulatory bodies. If ETF buying picks up, it could trigger a breakout above key resistance levels, potentially leading to that $200,000 target. Conversely, if the current stagnation continues, traders might want to consider short-term strategies or hedging against volatility. Keep an eye on Bitcoin’s support levels around recent lows; a break below those could signal further downside. For now, the ETF situation is the main watchpoint—any news could shift market sentiment dramatically.
📮 Takeaway
Watch for ETF approval news as it could be the catalyst for Bitcoin’s move toward $200,000 or signal further downside risks.
