Bitcoin

<ul><li>Bitcoin&#39;s Spot ETF approval sparks bullish rally, with key levels at $48,000-$48,500 and $52,000 identified for scrutiny.</li><li>Traders anticipate resistance at psychological levels of $57,000, $60,000, and a potential double top at $69,000 for Bitcoin.</li><li>Historical data suggests a cautious approach, with past cycles witnessing -15% to -20% retracements during the journey to all-time highs.</li></ul>In a recent tweet by a seasoned crypto analyst, CryptoBusy, the approval of the Bitcoin Spot ETF has sent ripples through the crypto market, paving the way for a bullish rally. As the crypto community eagerly anticipates the next moves, a comprehensive analysis of key levels and potential psychological resistances for Bitcoin (BTC) is crucial for investors navigating this dynamic landscape.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/65049e16dcb34d0ab64d5c5a4b82fecf.png" />The first significant level to watch is the golden ratio .618 zone, ranging from $48,000 to $48,500. This zone represents a critical juncture for BTC, tracing back from its all-time high to the swing low at $15,000. Traders are eyeing this range as a potential battleground, where the resilience of the cryptocurrency wouldbe put to the test.Moving forward, the $52,000 mark becomes pivotal, standing at a 30% proximity to the all-time high. A breach beyond this level would signify a formidable stride towards reclaiming previous highs.Read full art<a href="https://cryptotale.org/bitcoin-spot-etf-approval-sets-stage-for-bull-rally-amid-key-resistance-levels/" rel="noopener noreferrer nofollow">icle at CryptoTale.</a>

Bitcoin Spot ETF Approval Sets Stage for Bull Rally Amid Key Resistance Levels

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