There is no question that Bitcoin is setting up for a move right now. The chart above shows a tight consolidation just below a resistance level. The volume is decreasing while the price action is getting tighter and tighter.
The break out is imminent. While the break out can occur in either direction, we favor the upside move given the news and longer time weekly time frame. Just be open minded in case we get a false break out.
The best way is to play Bitcoin via ETFs:
The iShares Bitcoin Trust ETF (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) are two ETFs that focus on Bitcoin, a type of digital money.
iShares Bitcoin Trust ETF (IBIT):
Purpose: This fund aims to mirror the price of Bitcoin. Instead of buying Bitcoin directly, you can invest in IBIT to gain exposure to Bitcoin's price movements.
Management: Managed by BlackRock, a large investment company.
Trading: You can buy and sell shares of IBIT on the stock market, just like you would with shares of a company.
Fidelity Wise Origin Bitcoin Fund (FBTC):
Purpose: Similar to IBIT, FBTC seeks to track the price of Bitcoin, allowing investors to gain exposure to Bitcoin without owning it directly.
Management: Offered by Fidelity, another major investment firm.
Trading: FBTC is also traded on the stock market, making it accessible for buying and selling through brokerage accounts.
Investing in these ETFs provides a way to participate in Bitcoin's potential gains (or losses) without the need to manage digital wallets or navigate cryptocurrency exchanges.
With recent Trump news about digital asset reserves, Bitcoin is increasingly being recognized as "digital gold," a store of value in uncertain economic conditions. As more institutions and countries adopt Bitcoin, its role in the global financial system is expected to grow. However, regulatory clarity, technological advancements, and market dynamics will shape its long-term trajectory.