“Some analysts from cryptocurrency trading platforms believe that even if the ETF is approved, Bitcoin may not immediately experience a significant rally,” Ryan Lee, chief analyst at Bitget Research, said in an email. “There are also some optimistic views, such as influential trader Scott Melker predicting that Bitcoin could surge to $54,000 in the next few days once the SEC approves the ETF. Matrixport predicts that BTC will rise to $50,000 within a month after passing the BTC spot ETF in January.”
