Bitcoin is trading just below the $45,000 level as traders await the SEC's final decision on the spot Bitcoin ETF applications.
Bitcoin’s (BTC) volatility has increased in the past two days as traders speculate about the fate of the spot Bitcoin exchange-traded funds (ETFs) applications. Some analysts said that the ETFs could be greenlighted as early as Jan. 5, but Bloomberg ETF analyst James Seyffart is standing by his belief that an approval is most likely to happen between Jan. 8 and 10.
A few analysts believe that in a classic case of buy the rumor, sell the news, Bitcoin may fall even if one or more Bitcoin ETFs are approved. But John Bollinger, creator of the Bollinger Bands volatility indicator, thinks otherwise. In a post on X (formerly Twitter), Bollinger said he expects Bitcoin to “break higher.”
What are the important resistance levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
