Due to a series of positive fundamental driving factors, we have been optimistic about Tecoin in the past few weeks. The main driving factor is the growing "when not if" decision on spot Bitcoin ETFs, with numerous heavyweight companies including BlackRock and Fidelity waiting for approval from the US Securities and Exchange Commission (SEC). At present, there are 9 spot Bitcoin ETF applications on the SEC's desk, and regulatory authorities may have to approve all applications simultaneously to prevent any company from gaining a first mover advantage.

Is Bitcoin (BTC) rumored to have returned to high ETF levels, with no wind or waves?

The technological outlook for Bitcoin looks optimistic, with two bullish indicators on the chart. The recent surge has seen the emergence of a bullish triangular flag model, and Bitcoin is currently attempting to break through higher positions. If a traditional pattern is formed, the $5000 candle on October 23rd will be added to the breakthrough, with a target price of approximately $40000.

The 50/200 day bullish cross (Golden Cross) is another potential driving factor for price increases. Some technical analysts believe that due to the possibility of a continuation of the bullish trend, crossover is seen as a triggering factor for price increases.