Bitcoin Faces Potential Retracement Before ETF Hopes Drive Further Upside
• Bitcoin could retract to $36K before uptrend resumes due to subdued demand for upcoming BTC spot ETF, according to QCP Capital • Launch of BTC ETF expected to face "sell the news" scenario and short-term volatility • Topside resistance seen for Bitcoin around $45K-$48.5K region • Ether seen as potential secondary investment play with speculative interest in ETH spot ETF • Bitcoin up 17% in last month amid building anticipation around BTC ETF