Topic: Whether Bitcoin ETFs are approved or not, we expect bullish trend - page 4. (Read 594 times)

Bitcoin market is full of fud and Bitcoin Spot ETF is one of fuds. And let me emphasize, the fud is about Bitcoin Spot ETF in the USA. The world already have Bitcoin Spot ETFs in other nations but because the USA. is a big country with big economy, so much impacts on the world, people speculate about great effects from Bitcoin Spot ETFs in the USA.

Along the Bitcoin adoption growth, many fuds are there and will be more in future but after all, in reality its adoption has become bigger and I believe it will not stop here so I expect bigger adoption and higher price for Bitcoin.

I don't know why all this linking between the rise of Bitcoin and the approval of Bitcoin ETFs? Bitcoin has never been associated with this before and yet we have seen significant spikes many times in the past.

Of course, no one denies that approval of Bitcoin ETFs will have a significant positive impact on the market, but this does not mean, of course, that non-approval will lead to a decline in prices, nor does it mean that the rise in Bitcoin is linked only to the approval of Bitcoin ETFs.

Personally, I'm optimistic about a big rally for Bitcoin after halving next year whether Bitcoin ETFs are approved or not.

Bitcoin bulls aren't dependent on Bitcoin spot ETFs in the US. So whether a Bitcoin spot ETF is approved in the US or not, the bull market will still arrive. Only those who are uninformed would believe that the price of Bitcoin will only grow bullish when Bitcoin spot ETFs are approved. They only have to be reminded that when the price of Bitcoin almost reached $70,000 in 2021, there was no hype around Bitcoin spot ETF and it was even reached when the world was still recovering from the COVID-19 pandemic.

This is of course, we have had 3 bull seasons in the last 14 years and we have not needed any ETF or support from any institution, bank or government and this time is no exception. But if the ETF is approved, it will be even more beneficial for us because it is also considered a catalyst to help the market grow even stronger. The more catalysts there are, the stronger the market will grow and we will be the beneficiaries. But if it is not approved, there is nothing stopping bitcoin from making a new ATH.

The main factor driving the bull season and maturation of bitcoin remains the demand for bitcoin, as long as bitcoin becomes more and more popular, bull season is inevitable.

Who the heck knows what will cause bitcoin’s price to go up in the end? Too much people are betting on the halving and the ETF. What if bitcoin doesn’t immediately pump after these events? Bet longterm.

There is no question about it...the ongoing bullish trend is largely due to the supposed offing approval of an ETF application by  Blockrock in SEC. After the deadline to question or appeal the court decision favoring Blackrock, there is no other recourse for SEC but to deal with the pending application. The problem is that SEC is under a man who is unpredictable and is a known antagonist of the whole crypto industry...and we don't know if Gary has some hidden weapons under his sleeves that he can use  to eventually delay again or even reject the ETF application. There is another reason for the BTC bullishness and that is the coming halving in 2024 but this is being eclipsed by ETF right now...so in case there will be rejection then we can see BTC to be dumped on the road big time - a big opportunity for us to add more BTC to our portfolio to look at it half-full rather than half-empty.

The ETF hype has been controlling market movements lately. Of course there will be several impacts that will occur if the ETF is accepted or rejected. If the ETF is accepted, this will bring some fresh funds to enter the Bitcoin market which will bring the price up even higher. And if on the contrary the ETF is rejected, there will be panic caused by some investors who are consumed by fake news and have already entered Bitcoin panicking will start coming out. And it might cause a price drop. However, many factors can influence Bitcoin prices, and ETFs are only a small part of them.

If it turns out to be fake it  won't be the first time. The market is going to undergo serious correction if there's no further update in the short term. ETFs has made the bullish momentum come earlier than anticipated. Whether this is a fake out, time will tell.

There's no better time for SEC to reject an ETF like this moment since Gary Gensler has proven that he cares not of the citizens funds protection but to act as a barrier to Bitcoin nigh inevitable rise. Even if it turns out fake there would only be a panic sell which would be re bought by dip buyers.

I know the rise is a good thing but it has prevented some from accumulating more Bitcoin at a cheaper price towards the next halving. People like me that relies heavily on DCA have barely accumulated sustainable  amount. I personally feel the current news might be due to manipulation.

I too think there's no reason to be too disappointed if the ETF gets rejected, it's not like bullish cycles are tied to ETF - they are tied to the halvenings and the SEC has no rule over them. Maybe successful ETF application could boost the bullish sentiment and result in a more explosive bull run with higher highs, but even without it the price is projected to grow.

A crypto investor, Crypto Tony, believes that since the market is often controlled by large investors, market conditions can change at any time. A temporary increase in the price of Bitcoin may be a strategy used to increase liquidity in the market. That is why he wanted to know the opinion of his followers on the X twitter platform for the purpose of investors.

Tony thinks people are blindly investing because Bitcoin ETFs will be approved, what if it isn't? Some disagreed with his statement, saying they felt the SEC was too late to approve Bitcoin ETFs, and that is why they would approve the ETFs. Crypto Simon, a famous trader who agree with Tony, shares the same view that if ETFs are not approved, there could be a big fall in cryptocurrencies, which he believes everyone should be prepared in advance.

Bitcoin reached its highest price in the last 1 year and four months with its price rising above $35000. However, Bitcoin has been quite bullish recently based on a fake news story about ETFs Approval. Despite the rumors, Bitcoin movement still in bullish trend.

In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?