Bitcoin Could See Rally on ETF Hopes, But Risks Correction: Trader
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A top trader predicts Bitcoin could briefly rally to $45k-$48k if a spot BTC ETF is approved, but then correct 10-30%.
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The trader argues ETF approval may be a "sell the news" event, inducing volatility.
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However, ETF providers buying BTC to back the ETF could counteract any major correction.
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An analyst believes the SEC could approve multiple Bitcoin ETFs in January.
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Bitcoin is currently trading around $43,844.