# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11003 Published: 2024-01-04T03:15:29.000Z Updated: 2024-01-04T03:15:29.000Z Section: Investing > BTCUSD surged sharply for the past two days and hit a 21-month high as demand for safe-haven demand increased. It hit a high of $45922 and is currently trading around $45081. BTCUSD surged sharply for the past two days and hit a 21-month high as demand for safe-haven demand increased. It hit a high of $45922 and is currently trading around $45081. BTC ETF According to a Reuters report, the Securities and Exchange Commission will approve a spot ETF by Jan 10th. Major Economic data for the week Jan 3rd, 2024, US IS Manufacturing PMI (3:00 pm GMT) FOMC meeting minutes (7:00 pm GMT) Jan 4th, 2024, German Prelim CPI m/m US ADP employment data (1:30 pm GMT) Jan 5th, 2024, US Nonfarm payroll (1:30 pm GMT) US ISM services PMI (3 pm GMT) Factors to watch for Bitcoin price action- US markets - NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The 60-day correlation between Bitcoin and NASDAQ 100 turned negative, according to data from Kaiko. Any close below 16400 will drag the index to 16000/15697. According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 89.10% from 83.5% a week ago. Technicals- Minor support- $43700. Any break below will take it to the next level at $41790/$40700. Bull case- Primary supply zone -$46000. Any surge past this level confirms a bullish continuation. A jump to $48000/$50000 is possible. Secondary barrier- $50000. A close above that barrier targets $52000/$56600. It is good to buy on dips around $41800 with SL around $39800 for TP of $50000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)