Bitcoin to Reach Previous Highs?

Bitcoin appears to be making its way to meet its previous highs after last week’s rally. This comes amidst rumors that the SEC could approve a future Trade Fund (ETF) as soon as Monday. Should ProShares Bitcoin Strategy ETF succeed, the cryptocurrency may post newer highs.

  • Bitcoin may be bearish should it break below the key support level at $54,000.
  • Bulls may look for an opportunity to catch the wave up to the previous highs.