Bitcoin Price With Spot ETF Approval On The Horizon, Can BTC Rally Extend To $50k In December?

Bitcoin price exploded past resistance at $38,000 on December 1, accentuating the bullish outlook in the digital asset. With this successful retest, traders are likely to find BTC attractive, especially now that optimism is on the overdrive regarding the possibility of the Securities Exchange Commission (SEC) approving the first spot Bitcoin exchange-traded funds (ETFs) in the US.