🔥Bitcoin (BTC)🔥 price remains steadfast on the higher timeframe, amid news that spot BTC exchange-traded funds (ETF)🔥 discussions are now at the technical stage of approval. Specifically,🤗 talks with Spot BTC ETF🔥 issuers have advanced to key technical details, with Reuters indicating that it could signal a shift toward a potential approval.🔥

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Bitcoin price could overcome $43,860

Bitcoin (BTC) price is confronting the $43,860 critical support, marking the midline of a weekly supply zone extending from $40,698 to $46,999. A decisive candlestick close above this mean threshold on the weekly timeframe would confirm the continuation of the primary trend, flipping the supply barrier into a bullish breaker and using it as the springboard for a race to the $50,000 psychological level.🔥🔥🔥🔥

The Relative Strength Index (RSI) remains northbound despite BTC being overbought, indicating momentum continues to rise. Meanwhile, the histogram bars of the Awesome Oscillator (AO) remain in positive territory, flashing green to show that bulls are leading the BTC market. These bolster the case to the upside.

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BTC/USDT 1-week chart

On the flipside, if the supply zone holds as a resistance level, Bitcoin price could face a rejection, deflecting south to lose the support offered by the $40,000 psychological level. In a worse case, the fall could extend to the $30,000 psychological level, with a weekly candlestick close below this level invalidating the bullish thesis.🔥🔥🔥#BinanceTournament #JTO #BTC #OP #ARB $BTC