📉 **Bitcoin Price Update: Recent Movement**
The BTC/USD Daily Chart on TradingView reflects a decline post-Spot ETF approval. After a brief surge to $49,000, reminiscent of March 2022 levels, the price dropped from over $45,000 to below $44,000. In the past 24 hours, Bitcoin has incurred an 8% loss, currently trading at $42,781.
2. **Bitcoin Crash Reasons**
Optimism from Spot ETF approval turned to retracement and downturn due to global economic uncertainties, regulatory concerns, and profit-taking after recent highs.
3. **FTX Role in Bitcoin Sell-off?**
Unconfirmed rumors suggest FTX's role in the sell-off, indicating a cascade effect from a large sell order. Such events can intensify market fluctuations, contributing to the current bearish sentiment.
🔍 **Bitcoin Price Prediction: $35,000 Possibility?**
While uncertain, cautious optimism is advised. Monitoring support levels, global indicators, and regulatory developments is crucial for anticipating future price movements.
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