Analyst predicts $35,000 price move in Bitcoin.

Bitcoin's price dropped unexpectedly after the SEC deemed recent filings for spot Bitcoin ETFs insufficient. The SEC reported that the filings by companies like BlackRock and Fidelity were not clear and comprehensive, leading to a drop of $1,000 in just 30 minutes. The market fell within 30 minutes, with total crypto liquidation reaching $84 million. Crypto analyst Ali highlighted the importance of where Bitcoin trades and the possibility of Bitcoin reaching $35,000 if the price holds above this demand zone. Bitcoin transaction fees have increased four times in the previous quarter, reaching $186 million, a 316% increase.