# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/11047 Published: 2024-01-10T01:56:33.000Z Updated: 2024-01-10T01:56:33.000Z Section: Investing > BTCUSD surged sharply ahead of US SEC Spot BTC ETF approval. It hit a high of $47281 at the time of writing and is currently trading around $46581. BTCUSD surged sharply ahead of US SEC Spot BTC ETF approval. It hit a high of $47281 at the time of writing and is currently trading around $46581. BTC ETF The SEC just issued additional comments on pending applicant's S-1s. This is a delay signal. 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. The NASDAQ showed a minor jump after seven days of a bearish trend. Any close above 17000 will take the index to 17500/17800. According to the CME Fed watch tool, the probability of a no-rate cut in Jan increased to 95.3% from 82.40% a week ago. Technicals- Minor support- $45570. Any break below will take it to the next level at $44870/$43200/$42500/$41400. Bull case- Primary supply zone -$47250. 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 $44500 with SL around $43200 for TP of $50000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)