Bitcoin, Ethereum, Ripple: Spot ETF Anticipation May Push BTC to $50K

Bitcoin price could surge to $50,000 if SEC approves spot BTC ETF

Bitcoin (BTC) price continues to show a bullish trend, with the potential to reach new heights if the Securities and Exchange Commission (SEC) approves a spot exchange-traded fund (ETF). The current price of Bitcoin is supported by the 25-day and 50-day Exponential Moving Averages (EMAs) at $43,130 and $41,391, respectively. The Relative Strength Index (RSI) is also showing rising momentum, indicating increased buying pressure. If Bitcoin overcomes the critical threshold of $43,860, it could quickly climb to $48,000 and potentially reach the psychological level of $50,000. Traders who exercise caution could set the pace for Bitcoin to even reach the ambitious target of $60,000.