BlackRock ETF will be ‘big rubber yes stamp’ for Bitcoin — Charles Edwards - WealthInsider

(BTC) stands to win big thanks to the BlackRock (NYSE:) exchange-traded fund (ETF), investor and analyst Charles Edwards believes.

In his latest interview with Cointelegraph, Edwards, who is founder of quantitative Bitcoin and digital asset fund Capriole Investments, goes deep into the current state of BTC price action.

Bitcoin Dynamic Range NVT Signal, using Blockchain.com data. Source: Capriole Investments/TradingView

Price clears $32,000 on daily/weekly timeframes, or
Price mean-reverts to the mid-$20,000s, or
On-chain fundamentals return to a regime of growth.

Two on-chain metrics showing miner stress/selling. Source: Capriole Investments/TradingView

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)

Bitcoin’s correlation to the S&P 500 and Gold. Source: Capriole Investments/TradingView

CFDs on Gold annotated chart. Source: Charles Edwards/TradingView

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