Bitcoin Price Suffers Post-Spot ETF Blues, Drops 7% To $43,200
Summary
Bitcoin ETF approval led to a sell-off, causing a 7% drop in Bitcoin's value over 24 hours. Significant sell orders and selling pressure indicate further downward pressure on the price. The impact of ETFs is expected to unfold over the long term. Bitcoin's bullish structure remains intact as long as it stays above the $29,900 mark. Support levels at $42,700, $42,300, $41,700, and $41,200 may halt the downtrend. If breached, $40,000 is the final support before a potential dip towards $38,000.
