BlackRock’s iShares Bitcoin Trust Causes Agitation Following Removal From DTCC

It seems that BlackRock’s iShares Bitcoin Trust is causing a tumult in the crypto space. It looks like it vanished from the DTCC where it was listed yesterday and caused BTC to surge straight to the moon.

Here is a relevant tweet below:

JUST IN – BlackRock’s iShares #Bitcoin Trust has been removed from the Depository Trust & Clearing Corporation, where it was listed yesterday. pic.twitter.com/BzvAXANOO3

— Bitcoin Magazine (@BitcoinMagazine) October 24, 2023

Someone commented: “IBTC is added to depository = bullish
IBTC is removed from depository = bullishLiterally anything = bullish.”

Another follower said: “Still BTC above 34K They will sending negative news so you people get sideline from massive upcoming Bullrun. Same process. Don’t FOMO later.”

It looks like we’re writing this article, the listing is back up. Either someone is playing with people’s nerves, or there’s been an error there; we’ll probably never know.

What investors do know, on the other hand, is the fact that true hodlers hold on to their BTC no matter what.

#Bitcoin Fear & Greed index reaches a 6-month high #YPC #YPM #YoungParrothttps://t.co/lcaFizSggp

— YoungParrot, NFT Marketplace on the multichain (@youngparrotnft) October 24, 2023

A crypto trader, who had accurately predicted the May 2021 crash of Bitcoin (BTC), has now expressed optimism about the cryptocurrency’s potential to start a fresh uptrend.

Dave the Wave, an anonymous analyst, has informed his 140,700 followers on the social media platform X that the weekly moving average convergence divergence (MACD) indicator of Bitcoin has turned bullish at the zero level.

This development indicates that BTC may now be gaining momentum. The MACD is a momentum indicator that can signal a reversal of an asset’s trend.

Dave the Wave said the following:

“Weekly BTC MACD re-crossing from a promising position low on the zero-line.

A less volatile price action as compared to last time.”

According to Dave the Wave, Bitcoin is expected to rise above the 200-month moving average (MWA) and exceed the “buy zone” of his logarithmic growth curve (LGC) model.