Bitcoin shows bearish signs as ETF approvals get delayed ?

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The SEC delayed its decision on spot Bitcoin ETFs, which affected BTC's performance. BTC's social volume remained relatively high, but its aSORP was in the red, indicating a market top. Selling pressure seemed to have been on the rise, and BTC was up by more than 1.5% in the last seven days. The MACD showed that the bulls and the bears were trying to gain an edge over each other. Bitcoin's RSI and Money Flow Index both went sideways, suggesting that investors might witness a few more slow-moving days over the coming weeks.

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