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This news, as well as expert opinion showing the road to an ETF, has sparked renewed buying interest in Bitcoin, albeit within the context of the technical ranges which will be explained below. The decisions on ETF approvals by the SEC are seen as key fundamental influences on Bitcoin prices, as a regulated Bitcoin ETF will attract the institutional investment that has been lacking in this market since inception. Moreso, many point to Bakkt, the new program from the NYSE as a step in the right direction as well.


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