🚨 The Securities and Exchange Commission (SEC) issues an ultimatum to seven of the 12 spot Bitcoin ETF applicants. 🗓️ Demand for updated filings by December 29 to avoid missing the initial approval wave expected by January 10. 🏦 Major players like BlackRock, Grayscale, ARK Invest, and 21Shares are among the companies in the spotlight. Deadline Ambiguity and Race for Approval:
❓ Ambiguity looms regarding which applicants face this deadline. 🕒 The next 72 hours will unveil which asset managers secure their spot in the race for approved spot BTC ETF filings by the year's end. BTC/USD Current Movement:
↔️ Currently, the BTC/USD is moving in consolidation around the lower band of the Bollinger Bands. 🔄 This movement shows a possibility that the BTC/USD might continue consolidating. Relative Strength Index (RSI):
⚖️ The Relative Strength Index (RSI) stands at 49. 😐 Signaling a neutral outlook for this pair. Key Technical Levels:
🚀 Resistance levels: 44520, 45890. 📉 Support levels: 43212, 42009.