For the ETF, the $200 billioncryptocurrency market is considered to be too small for the exchange. The digital gold narrative is the new goldrush, and several controversial participants are joining the gold rush.

Analysts are predicting an exponential Bitcoin (BTC) move, and this might probably begin the following week.

Technically, a fractal is whenthe asset price is studied for a different time. This is not a popular method of analyzingprice action. Oneeerily perfect fractal states that the recent bout of pain which the cryptomarket has been seeing will likely continue. It is expected that the price of the Bitcoin will fall by 25%;eventually, the price will return to where it is currently trading.

Several models are proposed toexplain the volatile movement in the cryptocurrency market. An exciting chartplotting pattern is about identifying the recurring patterns by plotting the miningdifficulty adjustments along with the logarithmic price history of Bitcoin.

Yet another analyst noted thatwhen there is a negative difficulty adjustment of more than 4% followed by apositive change, then a local bottom might form, and the bullish move willdevelop over the next few months.

This pattern, according toanalysts, will occur during the beginning, middle, and end of various bull runsthrough a decade long history of Bitcoin trading. If this proposal is truefurther upside is in store for Bitcoin.

Traditional assets are performing well, and investors are not finding any new reasons to invest in crypto.  This is one reason that suppresses the price of the Bitcoin.

Jeff Dorman, CIO at Arca, aninvestment management firm, stated, "Volumes are low, no new money iscoming into the ecosystem, and stocks, bonds, and gold are all up double-digitsyear-to-date which makes the non-crypto world lose focus.”

Trader sentiments are down due tolack of positive catalysts and trying to time it entirely seems risky.

Short-term and long-term movingaverages are necessary to identify short-term and long-term MAs cross. When the MAs cross on the upside, it iscalled a golden cross, and when it happens on the downside, it is known as thedeath cross. While these crosses are not always accurate, using them with otherindicators can provide invaluable pieces of trading information to deal withthe volatile asset class.

Analysts suggest tightening oftrading ranges between 50- and 200-day moving averages could trigger a sellsignal. Mike McGlone stated, "Thebest way to describe the market is it’s retracing last year’s bearmarket."