Bitcoin ETF may fail to spark BTC price breakout above $48K — analysis

Bitcoin may stay rangebound even once the drama surrounding the ETF passes, according to the latest BTC price debate.

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Bitcoin (BTC) seems unlikely to produce a snap bull market response to the U.S. ETF approval, analysis warns.

In a market update on Jan. 10, trading firm QCP Capital acknowledged a lack of upside BTC price volatility.

Bitcoin saw whipsaw price moves overnight as a hacker published a false “official” approval of the first U.S. spot Bitcoin exchange-traded fund (ETF).

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