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It is difficult to predict the future price of bitcoin as prices have been trading in volatile ranges recently. With the news of a potential negative ETF ruling from the SEC looming, the bitcoin market could be looking at further downside. The current volatility is due to factors such as high level uncertainty from governments and regulatory bodies, and the uncertain nature of the bitcoin market itself. With governments and regulatory bodies all over the world discussing and coming to decisions on the legality of bitcoin, the future of the currency is very much uncertain. In addition, the lack of liquidity in the market is a major factor driving down prices. Until these sources of uncertainty and lack of liquidity are addressed, we should not expect to see any drastic price movements in the near future.