📉 Despite the SEC's approval, many are expecting a "news sale" that will drive the price of Bitcoin (BTC) 30% below current levels. However, there is a case for Bitcoin to rise another 10% above $50,000 before it pulls back a bit.
- ETF providers are ready and focused on attracting assets
- Expected influx of billions of dollars into Bitcoin through ETFs
- Long-term Bitcoin investors will not sell at this stage
- Possible increase in the price of Bitcoin by 25-30% in 2024 to $60,000