With anticipation and planning in full swing, the long-awaited Bitcoin (BTC/USD) ETF launch could arrive as early as by end of the market day on Jan. 5, 2024. The SECem43;s stipulation that only invoices that are cash-based will be accepted is no longer an issue, clear the way ahead is set. However, digital asset trading firm QCP Capital warns against excessively expecting results too soon, suggesting that a “sell the news” triangle could emerge, making Bitcoin face resistance in the $45,000 to $48,500 scope, potentially descending to $36,000 before recommencing the uptrend.
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