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

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

Since the leakage is not over, the price of Stellar (XLM) is faced with a fall.

August 21, 2025
Add A Comment

Comments are closed.

Recent Posts

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 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

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025
Most Popular

Cube.Exchange Raises $12 Million in Series A Funding, Backed by Leading Investors – The Defi Info

February 1, 2024

HashKey Global Launches Second HashKey Launchpool: Earn ATH Tokens by Locking ATH and USDT

June 8, 2024

Can Ethereum surpass Bitcoin? Markus Thielen’s weight measurement

May 7, 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.