1. Could this mean that we are on the verge of witnessing an explosive Bitcoin rally as a result of the Bitcoin ETFs approval.
2. Do you think that the Bitcoin Bull market is going to end sooner than later after the halving?
Looks like you haven't see the price today mate, the crash already started, in the past 2 hours the price has dropped from $67.2 to $61, we are talking about the 10% gone in just 2 hours, and the big problem that i see is the market capitalization, it loses some billions, used to be 1.4T but now is 1.22T... So, looks like someone is cashing out.
Yes, saw this price drop few hours ago, This is actually what I have been expecting to see the price do, Now I don't think we would see the sell the news buy the rumor event, because if we had not got this correct before the halving day, then we may witness a major correction ,and if there is still gonna be more leg to the down side, it won't be too far below $48k in my opinion.
1. Possible. But don't it full credit to the approvals of the Bitcoin spot etfs. Don't forget that the major catalyst is still the Bitcoin halving.
2. The analyses that I've read said that it's likely to end early because we've started early. No one knows if that's going to happen and let's just enjoy this ride. Whether it ends early or not but possibly at the earliest of 2025 it could end, then just enjoy the wild ride and don't forget your stash to take some profit.
Looking at the chart right now the price has dropped to $60k and if base on what we normally have after the halving, that is, a surge in the price, then this price drop is significant for further continuation in the upwards direction, I love the fact that we are getting a pull back, before the main event, this way, I will have full confidence about the price increasing in the up coming weeks and months should history repeat itself.