How Low Will Bitcoin's Price Crash if SEC Rejects Spot BTC ETF in January 2024?

• Bitcoin's price has been volatile in the past week, but currently, the bulls seem to have the upper hand.
• $77 million worth of liquidated positions were observed, with $55 million betting on the price going down.
• The ongoing rally is believed to be driven by optimism surrounding the approval of a spot Bitcoin ETF by the SEC.
• Positive Bitcoin price predictions have been linked to the approval of a spot BTC ETF.

The sentiment of the article is mostly positive, as it highlights the optimism surrounding the potential approval of a spot Bitcoin ETF by the SEC and the ongoing rally in Bitcoin's price.