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Excitement is in the air as Bitcoin trades around safe zones, making it extremely bullish for the first time in months, the money is starting to flow back into the market & everyone is getting ready and super excited to see the greeny days again, it all feels good & and awesome.
But let us talk about the factors that are affecting the market in the first place. The market doesn't just move on its own, there has to be some factors contributing to the positive growth, and we all know, there are many factors that can affect the market positively.
Everyone is happy to see Bitcoin around $35,000 for the first time in months after the price managed to break above the $32,000 major resistance, resistance simply means a zone that is full of massive sell orders or price levels that sellers are willing to sell their coins or tokens. So, you see, everyone was happy to see the Bitcoin price above the stubborn resistance level, which is why Bitcoin was able to fly to about $35,000, but there are other factors too.

As Bitcoin reclaimed her previous price level, many people were confident that this was the beginning of a bull run, especially the crypto experts, and the media platforms.

Another reason Bitcoin is gaining momentum is the Bitcoin ETF, everyone is waiting for the approval of the Bitcoin ETF soon, and due to this, a lot of investors are buying Bitcoin heavily causing the price of Bitcoin to spike above $32,000 major support. But what would happen if they reject the Bitcoin ETF? Well, you can expect the Bitcoin price to trade around the range of 32,000 to 37,000 dollars for some time, is even possible that the price of Bitcoin will fall back to the 28,000 dollars zone if such should happened. But if we get the Approval, you can expect the following price level.
$30,000 minors resistance
$40,000 price level
$46,000 key level
$50,000