FIL and XRP Poised for Surge as Analyst Expectes Institutional Bitcoin ETF Buying

• Analyst anticipates institutional Bitcoin ETF buying trends via SEC 13F filings.
• Bullish signals observed for Filecoin (FIL) and XRP amidst expectations.
• The crypto market awaits institutional moves while tracking FIL and XRP dynamics.

As the crypto market gears up for a pivotal period, one analyst shares insights into the upcoming 13F filings by institutional investment managers with the SEC. These filings, scheduled to commence next week, offer a glimpse into the Bitcoin ETF landscape and potential market impacts.

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The analyst notes that filings will commence slowly next week, gradually increasing in frequency until May. Expectations suggest that significant names may delay filings closer to the mid-May deadline to avoid revealing their strategies prematurely. 

Lastly, he says funds likely to attract attention for their ETF ownership may strategically bolster their positions before filing their 13Fs. The anticipation of institutional moves coincides with bullish signals observed for Filecoin (FIL) and XRP, as shared by analysts in the crypto community.

For Filecoin (FIL), technical indicators suggest bullish momentum building up, with short-term targets set at $17 and $21, and long-term aspirations reaching $115. Despite recent challenges, analysts remain optimistic about FIL’s recovery potential.

Similarly, XRP’s technical analysis against Bitcoin (BTC) signals a potential 20% surge, possibly pushing its price to $0.82. Analysts highlight historical patterns and RSI levels as indicators of a potential bullish run, particularly if BTC liquidity hits $75,000.

As the crypto market braces for institutional disclosures and watches for bullish movements in specific tokens, investors remain attentive to unfolding trends and potential market shifts. Stay tuned for further updates on institutional buying patterns and token price actions.

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