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Bitcoin likely to test $50K before spot ETF approval
Despite not yet returning to the levels above $44,000 it briefly reached earlier this month, Bitcoin (BTC) seems to have resumed its bullish advance, and its next step could be to test the area right below $50,000 ahead of the approval of the first spot Bitcoin exchange-traded fund (ETF). Specifically, Bitcoin tested the lows successfully and did not take the liquidity beneath the lows, and now the correction looks to be over, as per a chart analysis shared by cryptocurrency expert Michaël van de Poppe in an X post published on December 19. According to the crypto market analyst, the flagship decentralized finance ... (full story)