{"id":219700,"date":"2023-12-27T21:24:58","date_gmt":"2023-12-27T15:54:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-price-fomo-to-50000-intensifies-with-the-sec-set-to-greenlight-btc-etf-crypto-news\/"},"modified":"2023-12-27T21:25:04","modified_gmt":"2023-12-27T15:55:04","slug":"bitcoin-price-fomo-to-50000-intensifies-with-the-sec-set-to-greenlight-btc-etf-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-price-fomo-to-50000-intensifies-with-the-sec-set-to-greenlight-btc-etf-crypto-news\/","title":{"rendered":"Bitcoin Price FOMO To $50,000 Intensifies With The SEC Set To Greenlight BTC ETF – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

\nBitcoin price starts moving again with a break above $44,300 likely to propel BTC above $50,000.\t\t\t\t<\/p>\n

<\/p>\n

Published 7 seconds ago <\/p>\n

\n

Bitcoin price is lethargic ahead of the New Year as investors look forward to approval of\u00a0spot Bitcoin exchange-traded funds (ETFs)<\/span><\/a>\u00a0in the US come January. The largest cryptocurrency had rallied to almost touching $45,000 in December but corrected to test support at $40,000.<\/p>\n

<\/p>\n

Due to the indecision among bears and bulls, Bitcoin continued to wobble between resistance at $45,000 and support at $40,000. A break above the seller congestion could trigger a FOMO-driven rally above $50,000 bolstered by optimism around the\u00a0approval of the ETF<\/span><\/a>.<\/p>\n

Bitcoin Price Prediction: Navigating The Incoming Breakout<\/h2>\n

Bitcoin is mainly in the bulls\u2019 hands supported by an ascending trendline, forming a bullish triangle. With at least four bounces off this support line, BTC could easily resume the uptrend.<\/p>\n

Moreover, the ongoing consolidation in the ascending triangle paints an enhanced bullish picture. However, traders must consider entering fresh long positions to defeat the immediate confluence resistance at $43,000 formed by the 50 Exponential Moving Average (EMA) (in red) and the 20 EMA (in blue).<\/p>\n

The Relative Strength Index (RSI) marginally backs the bullish theory after recovering from near oversold conditions at 30 although it is facing some resistance at 50 at the time of writing.<\/p>\n

\"Bitcoin