Famous American Name Says Bitcoin Is in Bullish Mode Again, Lists Three Reasons for the Rise!
VanEck, which received approval from the SEC for spot Bitcoin and Ethereum ETFs, made a surprise move yesterday and applied for an ETF for Solana.
Stating that this application is of critical importance, experts pointed to March 2025 as the best possibility for the approval date, while important Bitcoin statements came from VanEck Digital Assets President Matthew Sigel.
In a recent interview with Scott Melker, Matthew Sigel said that recent indicators make him bullish on BTC.
Stating that he expects a rise in BTC in the short term, Sigel explained that the magnitude of the recent declines and losses and the decreasing volatility are three reasons why he expects a rise in BTC.
“After the declines, I started to rise again in Bitcoin on Tuesday, only noticing some bullish indicators.
For example, the magnitude of losses experienced by short-term holders.
Afterwards, I saw BTC volatility reach 21; “This figure is a 30-day annual VA, which is very low.”
Low volatility in Bitcoin is generally seen by analysts as a sign of the beginning of a rapid movement, and BTC is expected to rise after periods of low volatility.
*This is not investment advice.
