Bitcoin analyst Ronnie Moas expressed optimism that the approval of a Bitcoin ETF by the SEC could drive the price of Bitcoin to $150,000 or even $180,000. Moas believes that a regulated ETF would attract traditional investors and lead to substantial capital inflows into the cryptocurrency market. However, he also acknowledged the impact of the upcoming Bitcoin halving event on the price trajectory, suggesting that it might delay the realization of high valuations. The article also discusses the current consolidation phase of Bitcoin and the importance of maintaining key levels of support and resistance.
AI Sentiment: Positive