Happycoin.club - Despite the fact that Bitcoin (BTC) has not yet returned above $44,000, it seems that the main cryptocurrency has resumed its growth. Before the first spot Bitcoin ETF is approved, its next step could be to test the area below $50,000.
Bitcoin price has already tested lows and the correction is likely over, according to the chart of cryptocurrency expert Michael van de Poppe.
According to a cryptocurrency market analyst, it is possible that Bitcoin will test the zone between $47,000 and $50,000 just before the approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC). That is why he advised his subscribers to buy at current drawdowns.
Analysis and forecast of Bitcoin price movement. Source: Michael van de Poppe
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On the evening of December 19, Bitcoin was trading at $42,200, showing a daily gain of 1.3% in addition to a weekly gain of 3.2%.
Bitcoin price chart for 7 days
