![U.S. Spot BTC ETF Approval Likelihood Raised to 65% by U.S. Spot BTC ETF Approval Likelihood Raised to 65% by Bloomberg Analysts](https://btcusa.com/wp-content/uploads/2023/08/US-Spot-BTC-ETF-Approval-Likelihood-Raised-to-65-by-678x381.jpeg)
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“While this is an unpopular narrative, it would be expected to see inflows slow down after prices experience significant intraday volatility,” the report said. “Based on our reversal indicators, a retracement to $59,035 appears more likely, offering better risk-reward entry levels,” which would indicate another 10% drop from current BTC prices.
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