Why AAVE fueled new growth with a 32% increase; Last days to get Bitcoin ETF (BTCETF) Presale coins

Decentralized finance (DeFi) lending protocol AAVE saw its price rise by 17 percent to around $113 on Friday — the highest level yet until 2023. This latest move extends AAVE's strong upward momentum as analysts identify breakout chart patterns and the crypto community prepares for the event. It could make a resurgence in DeFi.

Before turning the focus to the next sell for the Bitcoin ETF (BTCETF) token, we will analyze the recent price action for the AAVE token.

AAVE reaches annual high – $115 resistance is ongoing.

AAVE is currently trading with clear growth. After strengthening in a short flag pattern, the price climbed to the next level of $115 with higher potential.

A multi-flag is a short-term rectangular trading range between two parallel diagonal lines that is opposite to the long-term price trend. This pattern usually forms after a major uptrend and shows a short pause or consolidation before resuming the previous trend.

As one of the most reliable continuation patterns for traders, the bullish flag setup provides an opportunity to enter the trend as it prepares to continue. Trades are initiated when the price moves in the same direction as the overall trend. Adding volume to crashes is preferred but not required for bullish flags.

Rect Capital, a popular crypto analyst with over 350,000 Twitter followers, commented on AAVE's price action:

“AAVE has recently come out of storage. After the retest, it is now up +32% and has finally followed the path correctly, reaching the $111 resistance (orange).

Here, Rect Capital refers to the AAVE consolidation pattern that allowed the price to form a base before the upside. After breaking the decline at $111, this successful preemptive attempt indicates a new trend in progress.

Similarly, crypto analyst Blutz told his 200,000+ Twitter followers:

“Starting to emulate DeFi could soon be re-energized. $AAVE looks amazing to me, especially the BTC pair, nice 12 hour bull div, high time frame stock and 5 waves in C.

Blutz points to a bullish divergence on the 12-hour chart, suggesting a prominent momentum consolidation. It also features an oversized stacking design and a sensational five-wave oval pattern finish. Together, these signals lead us to believe that AAVE offers clear long trades with minimal risk.

Adding further optimism, the AAVE community recently voted unanimously to enable Aave Governance V3. This update will enable migration to an improved decentralized management system that will control the entire AAVE ecosystem.

In the new v3 model, all necessary smart contract improvements are implemented to facilitate management tasks. The voice activated Aave's Robot systems to ensure the smooth operation of the new management V3 model.

Bitcoin ETF Token Presale Builds FOMO Before Spot ETF Confirmation

As excitement continues to build around the approval of a Bitcoin exchange-traded fund (ETF) in the US, interest is accelerating in the Bitcoin ETF Token (BTCETF) – currently in the final stages of its pre-sale.

The $BTTECF coin offers traders exposure to the SEC spot bitcoin ETF and its subsequent launch and growth. The presale raised more than $4 million for a hard cap of $5 million, which at the current rate could be completed within days.

Industry experts widely expect the approval of Bitcoin ETFs to unlock trillions of institutional investments and have a significant impact on the Bitcoin market and price. As traders look for ways to take advantage of this on-going incentive, projects like $BTCETF offer unique exposure by linking token offerings directly to real-world ETF approval milestones.

As various parameters of approval and adoption are achieved, the supply of $BTTECF will burn in response:

Burns 5% When $BTCETF trade volume reaches $100 million Burns 5% when SEC approves first bitcoin ETF Burns 5% when Bitcoin ETF launches in US Bitcoin ETF Burns 5% when assets under management exceed $1 billion The price is more than 100 thousand dollars

In addition, each milestone trigger will reduce the tax on $BTCETF sales by 1% to 0%. This tax pattern encourages holding by making selling at earlier stages relatively more expensive.

Visit the BCETF Presale now

Between critical fuel fires and tax cuts, the $BTCETF incorporates depreciation methods directly linked to real-world growth as a bitcoin ETF. This clear way for investors to reduce supply while demand is increasing can boost $BTCETF to 100x profit or more.

As crypto guru Austin Hilton explained to his 239,000 YouTube subscribers:

“The BTCETF is like nothing you've ever seen before…the coolest way to burn history.”

For latecomers struggling to buy after the presale, finding BTCETF tokens on the open market is likely to become more difficult as demand accelerates as the entire supply is limited from burning and locking. Therefore, experienced traders recommend investing in BTCETF now, before the future bitcoin ETF launches