Bitcoin Price Surges Toward $55,000 Amid ETF Anticipation
The Bitcoin price has been consolidating in a channel pattern, awaiting the US SEC decision on spot Bitcoin ETFs, with a potential breakout expected to resume the recovery rally. The BTC price is currently trading at $44333, with a potential upside breakout signaling a rally towards $52100 and $60000, while a breakdown could lead to a new correction phase. Additionally, over 30% of Bitcoin's total supply hasn't been moved in more than five years, indicating a strong trend of long-term holding among investors.