We have seen the current market start pumping after ETF rumours. So we can say this pump is for an upcoming ETF, and if SEC delays again, we will see another dump. Upcoming Bitcoin halving and ETF approval together could move the market bullish. I don't see any other reason for the bull market lately. We need fresh and new buyers to see a real bull market.
We must for that then because it certainly happened even the SEC missed it knowing that after the pump/hyped, dumps come next.
Saying bullish now is totally uncertain, can't figure out that we are in such a situation already as we are too early when saying that even ETF has been approved, I still don't think the market went too high like a truly bullish one. The current pumps simply make us think it was just hype and it never stays long in that position.
