Posted 1/9/2024, 6:08:28 AM
Bitcoin Braces for Price Volatility After Anticipated ETF Ruling
- Bitcoin price could dip after anticipated ETF approval this week, but extent of drop is unpredictable
- Price support found around $30K - $34K level if prices retreat, based on on-chain data
- Bullish scenario shows resistance around $48.5K if prices continue climbing
- Billions continue flowing into Bitcoin exchange-traded products long-term
- Analytics firm cautions against unnecessary risks with ETF approval imminent