How Low Will Bitcoin's Price Crash if SEC Rejects Spot BTC ETF in January 2024?
Will the Bitcoin price crash if the SEC rejects spot BTC ETF applications? How low could it go?...
- 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.