Bitcoin price to go wild in anticipation of Taproot upgrade and spot ETF approval – FXStreet

Analysts expect higher volatility in Bitcoin prices ahead of two key events.

Important updates in the Ethereum-killer’s networks drove prices higher, and analysts expected a spike in volatility, which held down BTC price.

The VanEck ETF approval is likely to trigger a rally in Bitcoin price since the approval of the ProShares ETF sent the asset to a new all-time high.

Bitcoin futures data from OKEx, a leading Asian cryptocurrency exchange, shows that retail traders expect the BTC price to continue its bull run.

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The approval of a Bitcoin spot ETF could be a watershed moment for the biggest cryptocurrency, while the Taproot upgrade is expected to provide a higher adoption rate for BTC.

Dogecoin price is in a consolidation phase as the daily price candles are shrinking in size, but a clear price pattern, in the form of a pennant or a flag is not visible yet.

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