Bitcoin ETF liquidity is predicted to rise significantly after the SEC's approval of certain options, according to QCP. This development is crucial for confirming a breakout from Bitcoin's current price trajectory.
Market analysts suggest that for Bitcoin to confirm a potential breakout from its current sideways trading pattern, often referred to as a "crab walk," it needs to close the week above a price level of $68,700.
The recent SEC decision is expected to facilitate a surge in market activity and interest in Bitcoin ETFs, which could lead to increased liquidity and potential upward movement in Bitcoin's price.
