CoinCodex - SEC's approval of Bitcoin ETFs is a milestone for the industry, but short-term volatility is expected before a recovery driven by the halving cycle

https://coincodex.com/article/36562/ai-predicts-btc-to-drop-sub-30k-following-bitcoin-etf-approval-regain-momentum-after-halving/

The recent approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) is a significant milestone for the cryptocurrency industry.

However, AI models are predicting short-term volatility for Bitcoin's price in the coming months.

While the approval removes barriers for institutional investors and may lead to a surge in Bitcoin's price in the long run, there are expectations of a drop below $30,000 by April before a recovery driven by the halving cycle resumes.

Beware of the Bitcoin ETF hype!!