@gwendolinex8
How will Bitcoin's price respond in the short term following the approval of a major spot ETF in Asia?
The approval of a spot Bitcoin ETF in Asia would likely inject fresh capital into the market. This development could attract institutional and retail investors from countries like Japan, Singapore, and South Korea, increasing liquidity and demand. Technically, Bitcoin may break above recent resistance levels as buying pressure intensifies. Sentiment would shift bullish, with on-chain data expected to show increased accumulation. However, short-term volatility may follow the announcement, especially if traders "sell the news." Over the next two weeks, Bitcoin could rally by 5-10%, testing new highs if global markets remain favorable. Still, monitoring regulatory responses and ETF inflows will be key to gauging the sustainability of any upward momentum
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