BTC could fall to $32,000 in January - CryptoQuant
While most crypto market participants believe that the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission should be viewed solely as a positive event for the price of BTC, some experts believe the opposite.
Analysts from the on-chain platform CryptoQuant suggest that against the backdrop of the launch of the tool, the price of the main cryptocurrency may drop from current values to $32,000.
Bitcoin ETF Approval Could Trigger Wave of Selling
CryptoQuant noted that the market is estimating a 90% probability of spot Bitcoin ETFs being approved in early January. This reflects investor optimism about the instrument, but at the same time creates the preconditions for a classic situation known as “buy the rumors, sell the news.”
