Four Bitcoin ETFs could be just around the corner as the SEC signals that approval could come as early as November this year. Meanwhile, here are two technical data points to watch out for as Bitcoin heads towards 6-figures.Let\u2019s dig in.After years of waiting for a US-based Bitcoin Exchange Traded Fund (ETF), the crypto community might finally get its hands on four mainstream financial products by the end of the month.Check out the full article here!Bitcoin has set a precedent to continue the bull market towards all-time highs, potentially completing the 5th and final explosive leg up by the end of Q4.Since the last newsletter, BTC\/USD has chopped in between $53,000 and $57,000 \u2014 having reached the upper limit of the resistance zone this morning.Still, bitcoin continues to demonstrate strength as buyers step in, with over 80% of the circulating BTC supply being Hodled. This changes the dynamic for forward-looking investors who must now be aware of two things:Funding ratesCommon bull market projection modelsFrom this point on, investors should take my analysis with a grain of salt. After all, nobody can see the future; all we can do is have the courage to act on our convictions using the tools at hand.With that out of the way, let\u2019s consider the charts.Taking recent history into account, Bitmex Funding rate spikes in either direction have marked both the all time high ($64,900) and the bottom ($28,800), with 0.27% connoting prices nearly 10% away from ATHs, and -0.025% denoting the bottom within a 4.4% margin of error. That\u2019s quite accurate. While history is no guarantee, taking profits as funding rates spiral out of control has historical precedent behind it.Nevertheless, it\u2019s worth considering other popular projection models for the BTC bull market. If Bitcoin is within the 5th wave of a five-wave macrostructure (per\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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