BITCOIN Spot ETF Approval PRICE REACTION Inbound! (Fasten Seatbelts)

In this video, I delve into my unfiltered thoughts on the potential impact of the Bitcoin spot ETF on Bitcoin's price, especially with a crucial week ahead. I start by discussing key technical analysis aspects, particularly focusing on a significant price range and the Fibonacci retracement levels, highlighting historical resistance points before Bitcoin halvings. I then shift to the speculative impact of the Bitcoin spot ETF, considering potential capital inflow and its effect on Bitcoin's price, possibly pushing it to around $61,000. However, I also consider the possibility of market volatility, including a 'sell the news' event and leverage trading dynamics. Throughout, I emphasize the importance of technical analysis and historical data in understanding Bitcoin's price movements, while acknowledging the uncertainty and potential for unexpected developments in the market. My aim is to provide a comprehensive overview of the various factors at play as we approach this critical juncture in Bitcoin's trajectory.