Bitcoin

Optimism

<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Bitcoin Price prediction" class="f-link">Bitcoin Price prediction</a>,&nbsp;Bitcoin achieved a historic 'Golden Cross,' marking the first time its 50-week MA crossed over the 200-week MA.</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency-news/bitcoin-can-make-new-records-if-etf-got-approved" title="Bitcoin surged to a 19-month high" class="f-link">Bitcoin surged to a 19-month high</a> above $48,000 following signals from the SEC's official account on X indicating potential approval of the bitcoin ETF.</li>
 <li>Optimism waned as the bitcoin price rapidly dropped by nearly 6.20%, settling at the $45,000 support level, signaling a compromise of the SEC's account.</li>
 <li>On the daily chart, bitcoin price initially broke a bullish ascending channel pattern but failed to sustain the breakout, reverting back into the pattern.</li>
 <li>Despite the setback, BTC Price found support around $45,000 and the 100 Hourly Moving Average, leading to a reversal in its direction.</li>
 <li>Subsequently, Bitcoin price entered a consolidation phase, awaiting further SEC decision.</li>
 <li>The future trajectory of BTC's price is contingent on the decision regarding the Bitcoin ETF, introducing uncertainty about whether it will ascend to $50,000 or descend to $40,000 levels.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $47,000-$48,300
SUPPORT LEVEL : $44,700-$43,200
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Spot Bitcoin ETF Crossroads: BTC Hangs in the Balance of SEC Decision

Coingabbar

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