Bitcoin price trades near key $31.7K pivot point — Can BTC bulls keep up the volume?

Bitcoin (BTC) price pushed above the $31,000 mark on Oct. 23, notching a near 4-month high last seen when BTC price traded at $31,800. 

The fresh upside push comes as analysts and investors express their excitement over new developments which could point to the impending launch of a spot Bitcoin ETF.

So two things caught my eye from the latest iShares (Blackrock) S-1 amendment:- They’ve obtained a CUSIP in prep for a launch- They may be looking to seed with cash this month (which is earlier than I would’ve thought, but may be nothing) pic.twitter.com/lMDaKxiIbB

— Scott Johnsson (@SGJohnsson) October 23, 2023

Referring to Johnsson’s post, Bloomberg Senior ETF analyst Eric Balchunas…

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