What’s ahead for Bitcoin’s price after getting closer to $42,000?

Investors were hoping for a spot BTC ETF approval in January over the weekend. Altcoins such as Axie Infinity’s AXS tokens, ApeCoin’s APE, and Enjin Coin’s ENJ have all seen a surge in value since the release of the GTA 6 trailer. Illuvium’s ILV token and Aptos’ APT token, which are wildcard gaming tokens, are also worth observing. Bitcoin is trading at $41,772 at the time of writing.

Dogecoin celebrated its tenth birthday on December 6, 2013, and investor speculation about its price is expected to rise with the launch of the DOGE-1 moon mission. Since Binance founder Changpeng Zhao (CZ) resigned as CEO, Binance Coin (BNB) has been under traders’ radar.

Despite this, BNB did not crash, and there is a good chance that trading conditions for BNB will be volatile given the impending Pampas upgrade to the Greenfield Mainnet.

Because they are relatively new to traders, newly listed coins such as Celestia (TIA), Ordi (ORDI), Meme (MEME), Pyth Network (PYTH), and Sei Network (SEI) are likely to have high trading volume and volatility.

Three important bands—the green, blue, white, and red bands—can be seen on the logarithmic regression curve chart for the price of bitcoin. An indication to sell will be a blow-off if the current rally is comparable to the price action of 2019. On the other hand, a continuation of the rally is anticipated if the approval of the Bitcoin ETF changes the market outlook.

A 20% correction could drive Bitcoin to $33,600 in the event of a rejection at the $42,000 level, creating a higher low for future rise. To accumulate Bitcoin, the $35,000–$32,200 range is a good place to start.