Bitcoin Price Could Surge to $48K if SEC Approves Spot ETF in Early 2022
• Bitcoin (BTC) may rise to nearly $50,000 if the US approves the first spot BTC exchange-traded fund (ETF) • The Ichimoku Cloud indicator suggests Bitcoin price gains have just begun, with a target of at least $43,200 • The indicator's timing lines up with early January, which coincides with the expected ETF approval date • The $43,200 target is the "most conservative level," with $48,000 a suitable ceiling according to the analysis • Rival exchange Coinbase has seen its shares rise over 250% year-to-date amid SEC pressure on Binance and its CEO