Will Crypto Still Soar? When to Expect the Next Surge

Bitcoin on the Rise: ETF Hype & Fed Rumors

What’s Fuelling the Rally?

Over the past week, Bitcoin’s price has been hitting the high notes, now pushing against the resistance line at 34,655.00—the classic 61.8% Fibonacci retracement. A lot of that excitement is coming from the crypto world’s biggest buzz: the potential launch of the first Bitcoin ETF.

Key Milestones

Last August, a court decided the SEC couldn’t block Grayscale from turning its GBTC into a true BTC ETF.
An appeals court confirmed the need for the regulator to rethink its decision, giving the market a confidence boost.
BlackRock’s iShares Bitcoin Trust is now shopped through the Depository Trust Company (DTCC), a sign that big money is ready to dive in.

Why BlackRock Matters

BlackRock is the liquidity powerhouse of institutional finance. Their entry means more vetted cash flowing into crypto, which usually sends prices on a jet‑setter trajectory.

The Dollar‑Dollar Dance

Even with all this optimism, Bitcoin’s pace has slowed as traders wait for the Federal Reserve’s next move.

If the Fed keeps rates steady, crypto assets get a lift.
Any rate hike could trigger a pullback in the BTC/USD pair.

Current Sentiment

Bitcoin is chilling around 34,747, climbing an impressive 35% in just six weeks. That’s the highest weekly close since April 2022, which feels like a holiday gift for the market.

Technical Telltales

RSI is stuck in the overbought zone (>70). Expect a short, sideways slide.
After roughly 55 days of correction, the RSI typically falls below 30, entering an oversold zone like a sleeper hit.
When this drop hits, Bitcoin could start its next upward sprint, likely around Dec. 19.
Support seems to hang around 28,000. A good jump from here would be a strong market rally.

Why We’re Poking Fun About Bitcoin

Crypto can be as dramatic as a soap opera—ranging from “gain” to “draw” and back. But in the end, the market’s heartbeat is aligned with confidence, liquidity, and a dash of regulatory drama. And right now, with BlackRock on board and the Fed’s decision looming, the plot is thick.