Bitcoin's Fate: Can SEC Approval Prevent $20,000 Drop
Bitcoin's price shows uncertainty, staying near $26,000. While some expect growth due to possible U.S. approvals, its next big move is unclear.
Bitcoin tried to grow its value last week, but it's now close to $26,000 again.
Recent price changes show unclear patterns, meaning people aren't sure where Bitcoin's price will go next.
Many believe Bitcoin's value won't drop much soon. They think the U.S. Securities and Exchange Commission (SEC) might soon allow a new kind of Bitcoin investment. Jay Clayton, a former SEC leader, said a Bitcoin ETF approval "will happen for sure."
Right now, it's hard to say what will change Bitcoin's price. This uncertainty affects other digital money, or "altcoins", too.
Only a few altcoins look strong now. Some might grow in value if they pass certain price levels.
Bitcoin's price is between $24,800 and $26,833. It's good that people are still buying it when its price drops. But, charts show that Bitcoin's growth might be slowing. A strong sign will be if Bitcoin's price goes above $26,833. Then, it might reach a recent high price of $28,142.
If the price goes below $24,800, it might drop even more. But people will try hard to keep it above that. If they can't, the price could go as low as $20,000. There's a smaller support at $24,000, but it might not stop the fall.
