Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»With BlackRock’s ETF approval getting closer, could BTC price reach 50K before 2024?
TRADING NEWS

With BlackRock’s ETF approval getting closer, could BTC price reach 50K before 2024?

By Crypto FlexsDecember 19, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
With BlackRock’s ETF approval getting closer, could BTC price reach 50K before 2024?
Share
Facebook Twitter LinkedIn Pinterest Email

The price of Bitcoin recovered quickly, surging above $43,000 on December 19, thanks to recent developments in the approval process for the first spot-priced exchange-traded fund (ETF) in the United States. BlackRock, one of the first US Bitcoin spot ETF applicants, has updated its filing with the US Securities and Exchange Commission (SEC). Notably, BlackRock has revised its policy on ETF redemptions, now allowing BTC to be redeemed in-kind as an option, and introduced new rules for exchanging a basket of stocks for cash, pending regulatory approval.

BTCUSD Chart – Tradingview.com

Increasing expectations for Bitcoin ETF:

The Bitcoin community is abuzz with excitement as the SEC is expected to make a final decision on spot ETFs in early January. Analysts and traders are increasingly optimistic about approval, with one trader, Bob Loukas, saying the level of SEC involvement makes it “a 99.9% done deal.” This development comes after years of delays and rejections, and these expectations are reflected in BTC price predictions, with $50,000 seen as a potential target before the end of 2023.

Market Dynamics and Price Forecast:

Despite the positive sentiment, Bitcoin faces important factors affecting its price, including the closing price of its annual holiday candle and the release of macroeconomic data. Although the price has rebounded above $43,000, traders are remaining cautious with potential support around $40,000 in mind. Notably, analyst Crypto Ed predicts a temporary drop to $38,000 before potentially rising to $50,000.

Another analyst, Matthew Hyland, highlights the strength gap in Bitcoin’s Relative Strength Index (RSI), supporting the possibility of further upside.

SEC decision on Ethereum ETF:

While Bitcoin’s ETF approval dominates the discussion, the SEC recently postponed decisions on several Ethereum ETFs, with a final ruling expected in May 2024. Attention remains on Bitcoin’s potential milestone approval, which would provide greater access to the cryptocurrency for institutional investors.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025
Add A Comment

Comments are closed.

Recent Posts

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

VFAT Farm Strategy Audit Summary

July 31, 2025

ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

July 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025
Most Popular

Analysts pinpoint the next bullish target.

November 26, 2023

XRP price could see strength again once this key barrier is removed.

December 12, 2023

Bitcoin price rises 5% to $62,000 as U.S. jobs data boosts interest rate cut bets

May 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.