Bitcoin Price Outlook Uncertain Despite Growing ETF Hopes
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Bitcoin price may not reach $40K despite increasing excitement over a potential Bitcoin spot ETF approval in early 2024.
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Trader Bitcoin Jack said he's "not sure" BTC will reach $42K anymore due to lack of significant price impact from Binance regulatory news and ETF narratives.
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Bitcoin Jack introduced potential downside targets, noting support levels around $29K-31K, saying $30K may yet come back into play.
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In a recent survey, nearly 50% of respondents felt either $40K or $33K was more likely to hit first for BTC.
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JAN3 CEO Samson Mow suggested Bitcoin could reach $1 million per coin in days/weeks after ETF approval leads to influx of new money.