Bitcoin price battles for $63K support amid warning bulls 'complacent'

BTC/USD 1-hour chart. Source: TradingViewof new spot Bitcoin exchange-traded funds in Hong Kong — an important moment for the industry in Asia, where conditions have rarely fostered Bitcoin as a mainstream asset.

“Slowly, than all at once. We are right on track for BTC to continue it's growth into a global, macro asset.”Adam Back, co-founder and CEO of Blockstream, noted positive differences between the Hong Kong setup and the first months of the United States’ spot ETFs, which began trading in mid-January.Continuing, Keith Alan, co-founder of trading resource Material Indicators, queried whether the ETFs alone could affect longer-term change in price behavior.

In the latest edition of its “London & New York Color” market updates sent to Telegram channel subscribers on April 29, trading firm QCP Capital likewise acknowledged funding being in limbo.

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