Bitcoin Price Faces Uncertainty as SEC Weighs Spot BTC ETF Decision
- Analyst warns Bitcoin could nosedive 37% if SEC denies spot BTC ETF
- Denial could send Bitcoin back down to around $27k - $28k
- Approval may also spark a bearish drop towards $38k as investors sell the news
- Upside potential possibly limited if ETF approved after much priced in
- Analyst says Bitcoin's rise from $27k largely due to ETF hype