A Bitcoin technical analyst says the historical Bitcoin trend signals $330K BTC price, US crypto ETF predictions: Hodler’s Digest
The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart.
In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to 90% or higher, citing very positive engagement from the SEC.
The analysts also suggested that the SEC likely views cryptocurrencies such as Litecoin, Solana, XRP and Dogecoin as commodities a designation that would place them outside of its immediate jurisdiction.
