Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level
SEC may not approve Bitcoin ETF
Reaction at $3,700 important for bullsIn the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23.
Bitcoin Price Analysis
Events of the week ending Dec 23 and consequent follow through reinvigorated bulls.