SEC Ultimatum on Spot Bitcoin ETFs:
🚨 The Securities and Exchange Commission (SEC) issues an ultimatum to seven of the 12 spot Bitcoin ETF applicants.
🗓️ Demand for updated filings by December 29 to avoid missing the initial approval wave expected by January 10.
🏦 Major players like BlackRock, Grayscale, ARK Invest, and 21Shares are among the companies in the spotlight.
Deadline Ambiguity and Race for Approval:
❓ Ambiguity looms regarding which applicants face this deadline.
🕒 The next 72 hours will unveil which asset managers secure their spot in the race for approved spot BTC ETF filings by the year's end.
BTC/USD Current Movement:
↔️ Currently, the BTC/USD is moving in consolidation around the lower band of the Bollinger Bands.
🔄 This movement shows a possibility that the BTC/USD might continue consolidating.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) stands at 49.
😐 Signaling a neutral outlook for this pair.
Key Technical Levels:
🚀 Resistance levels: 44520, 45890.
📉 Support levels: 43212, 42009.
🚨 The Securities and Exchange Commission (SEC) issues an ultimatum to seven of the 12 spot Bitcoin ETF applicants.
🗓️ Demand for updated filings by December 29 to avoid missing the initial approval wave expected by January 10.
🏦 Major players like BlackRock, Grayscale, ARK Invest, and 21Shares are among the companies in the spotlight.
Deadline Ambiguity and Race for Approval:
❓ Ambiguity looms regarding which applicants face this deadline.
🕒 The next 72 hours will unveil which asset managers secure their spot in the race for approved spot BTC ETF filings by the year's end.
BTC/USD Current Movement:
↔️ Currently, the BTC/USD is moving in consolidation around the lower band of the Bollinger Bands.
🔄 This movement shows a possibility that the BTC/USD might continue consolidating.
Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) stands at 49.
😐 Signaling a neutral outlook for this pair.
Key Technical Levels:
🚀 Resistance levels: 44520, 45890.
📉 Support levels: 43212, 42009.