Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance Level – How High Can BTC Go This Week?

The price of #bitcoin is at $30,558, having dropped by just under 0.50% on Sunday.

Bullish investors aiming to keep Bitcoin's price above $31,000 were taken aback by the US #SEC's recent denial of applications for Bitcoin spot-price ETFs.

In other news, #Cboe and #Coinbase have resubmitted Spot Bitcoin ETFs, but the SEC is still being cautious.

The successful recovery of billions of dollars' worth of assets by #FTX has also had a favourable effect on Bitcoin pricing.

Stay tuned as we study the elements affecting Bitcoin's price fluctuation and analyse the prospective trajectory of the cryptocurrency.