Bitcoin price didn’t cross the 45k mark in the December month, and I have lost my bet there. The outcome odds was pretty good for that range. However, the price has reached above $45k today. I'm expecting to see the price above $50k at the end of this month. I can't find out the Bitcoin price betting option of this month in the betting page of Freebitco. Even the cryptocurrency betting option isn't available on the filter. Is there anything wrong?
It's okay. As SATWAT said above, new bets for this month will surely appear on the site in the coming days. Just let the freebitcoin team have a little hangover after the holidays.
As for price predictions, we should keep an eye out for spot BTC ETF news early next week. If the SEC accepts it, the BTC price could rise to $50k or even $54k by the end of January. But there is also an alternative option, as the BTC price could be dumped before the big investors come to the market.
It will be interesting to see the odds for the different ranges. If the SEC accepts it, it can for sure jump up to $50k or even a lot higher but there is no 100% certainty yet also they will approve it and maybe the acceptance of the SEC is already calculated in and it might not have the effect that we expect. Personally, I think we will have a setback first after which the price can rise again.
The price will definitely increase if SEC approves the ETF because new money will flow into the market and that will cause a significant boost in BTC price.
I am personally assuming that the price drop we witnessed on bitcoin today could be nothing but manipulation, the big boys in the industry trying to get in on bitcoin at a cheaper rate, as they anticipate that the ETF will be approved on the 10th of January as speculated by very many prominent figures in the world.
We can already see that the price is bitcoin has quickly recovered from from the sharp decline and right now, the price is back above $43,000, if the ETF is later approved on the 10th, then there is every reason to believe that the price of bitcoin will reach a new all time high much sooner than we all think.
But if there is a delay or another rejection, then like I already said before in some of my previous comments on the bitcoin discussion board, we all should get funds ready to buy more bitcoin at cheaper rates.