On-chain analysis platform Santiment made statements about Bitcoin’s (BTC) journey to 50 thousand dollars.
Bitcoin 2022 of the year April On December 4, for the first time since It broke the 40 thousand dollar resistance. With this positive price movement, all eyes are on the next target. for 50 thousand dollars translated.
About the issue on social media in sharing Santiment, located on the road to 50 thousand dollars There are two critical factors he stated. In the post, it is emphasized that the developments in spot Bitcoin exchange traded fund (ETF) applications have a critical value, and the issues that will arise in this process are emphasized. FUD And FOMO It was stated that directional movements can control the rudder of the price:
Bitcoin witnessed a celebration this weekend, rising above 40 thousand dollars for the first time since April 28, 2022. FUD and FOMO news towards ongoing ETF approval dates will determine whether $50k will arrive sooner or later.
The U.S. Securities and Exchange Commission (SEC) has not approved any spot Bitcoin ETFs yet, but experienced ETF analysts 2024 year Fireplace The probability of an approval in the month 90% states that it is.
According to CoinGecko data, in the last 24 hours 5.3% increase Bitcoin exhibiting, at the time of writing from $41,635 is being traded.