Bitcoin Price Surges Past $34K on Hopes of SEC Approving Bitcoin ETFs
- Bitcoin price surged past $34K, liquidating $114M in shorts
- Rally attributed to anticipation of SEC approving Bitcoin spot ETFs
- Grayscale ETF must be re-reviewed by court order; BlackRock updating application
- Analysts say price pierced resistance at $31K and $34K, a bullish sign
- Some say price action disproves "Bearish Bitcoin Fractal" prediction model
