Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF).

As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.

Analysis: $43,000 BTC price is “most conservative level”

Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud signals.

As Cointelegraph reported, the indicator, which combines past, present and future trading cues, suggests that the BTC price gains have only just begun.

In a post on X (formerly Twitter) on Nov. 27, CryptoCon was able to deliver a specific target for what could happen next.

Ichimoku’s leading spans have…

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