The price action has been highly muted this week after plenty of volatility surrounding the previous week's surprising regulatory turnaround for the spot ether ETFs.
Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.
“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.