It has been a long waiting game for all of us. Ethereum postponed their hard fork if I am not wrong, we are still waiting on SEC, we are still waiting on Bakkt. I mean 2019 is just 17 days old however we have been waiting for something to happen for the past 17 days with NOTHING moving at all. I mean I understand 17 days is nothing in a 365 day year and we should be seeing something proper in the next 1 month or so but I was expecting the price to get up in the anticipation of the upcoming news.
This year is really testing our patience, we did have a good run at $4000-$4200, but as always, it didn't sustained. Again, the market seems to trade sideways, I'm expecting this to be the norm at least this month if we haven't heard anything specially the Bakkt launch.
Usually when something this big happens the price doesn't go up or down after the deal goes through, it usually happens BEFORE the deal happens which means since SEC and Bakkt is so close there should have been some sort of increase by now because it is getting closer and people would be getting ready for it.
Most probably investors are not sold or majority thinks that a approval is not likely to happen. That's why everyone was still on the waiting game. I don't want to put high expectations because chances of it happening this month is slim, IMHO.