Why Bitcoin Will Hit New Highs - ETF Date August 10th

[JRMtrader]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

[Satosho Kakamolto]

The August 10th date is a crucial one. Depending on what will be decided about BTC ETF the market will take a very clear direction. I'm quite optimistic, in which case that would be the moment of the reverse of the trend.

[Da2ja3]

Nothing is certain in crypto anymore, we will just have to live one day at a time henceforth. A lot of predictions has failed, so it's better to be on the safe side.

[Alkhalifi69]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

many predictions and ways of emerging to overcome and find solutions to the problems facing the market today.
there is nothing definite in crypto, everything can change very quickly. but I still hope that the price of bitcoin and altcoin other quickly progress and the price will not decrease further.

[LoverOfBitcoin]

Yes, this is probably boost the market, we don't know how much Will you participate in ICOs july-august? If yes what projects? Have you heard about this one - https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a

[AngelSky]

I believe after August month only we will find the Bitcoin price gonna rock in the market. Please check the news daily with in some days you can get the some good price change as well who knows.
I want the bitcoin to touch the 10k USD soon. I believe price will reach to its peak value also before this year end.

[Vektrum]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

Well, until August 10, it remains to wait awhile. Were waiting for this time much longer. By that time, something can be determined with a network of lightning in bitcoin, which they promised to introduce in September. It may be that by August, bitcoin will begin to grow for other reasons. Now there is a lot of different positive information and bitcoin at any time can start to rise in price.

[hugeblack]

Still, Bitcoin revolves around the ring from $ 6200 to $ 6800, where the price proved to be stronger than $ 5,000 and less than $ 7,000 so far.
The news is good for those skeptical that bitcoin is weak and the price may collapse but is not reassuring for those looking for quick profit as the Betcuen is close to stability and stop the fluctuations.
Regarding the recent rise, I think that's why ----> Schnorr Is Looking Poised to Become Bitcoin's Biggest Change Since SegWit

[signaturecoin]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

many predictions and ways of emerging to overcome and find solutions to the problems facing the market today.
there is nothing definite in crypto, everything can change very quickly. but I still hope that the price of bitcoin and altcoin other quickly progress and the price will not decrease further.

The volatility in a young financial market such as cryptocurrency is unavoidable so investors need to have a proper investment strategy for themselves to be proactive in all situations of this market. I think that everything will be fine in the next few months, there are better signals of the market.

[solarion]

Still, Bitcoin revolves around the ring from $ 6200 to $ 6800, where the price proved to be stronger than $ 5,000 and less than $ 7,000 so far.
The news is good for those skeptical that bitcoin is weak and the price may collapse but is not reassuring for those looking for quick profit as the Betcuen is close to stability and stop the fluctuations.
Regarding the recent rise, I think that's why ----> Schnorr Is Looking Poised to Become Bitcoin's Biggest Change Since SegWit

However bitcoin price started bumping in the market today. We need to check the marketplace value growth on other altcoins also then go with the right coin which is being cheap now and potential to grow more in future.
Please hurry up and make your investment now. You will get the profit more in the market.

[Yaunfitda]

The August 10th date is a crucial one. Depending on what will be decided about BTC ETF the market will take a very clear direction. I'm quite optimistic, in which case that would be the moment of the reverse of the trend.

I wouldn't put enough weight on that news if its the US SEC approving bitcoin ETF, but if its EU we still don't know the effectiveness of such approval.

Still, Bitcoin revolves around the ring from $ 6200 to $ 6800, where the price proved to be stronger than $ 5,000 and less than $ 7,000 so far.
The news is good for those skeptical that bitcoin is weak and the price may collapse but is not reassuring for those looking for quick profit as the Betcuen is close to stability and stop the fluctuations.
Regarding the recent rise, I think that's why ----> Schnorr Is Looking Poised to Become Bitcoin's Biggest Change Since SegWit

However bitcoin price started bumping in the market today. We need to check the marketplace value growth on other altcoins also then go with the right coin which is being cheap now and potential to grow more in future.
Please hurry up and make your investment now. You will get the profit more in the market.

It just the price swing repeating its self again. The price suddenly pumps today, for whatever reasons, but I wouldn't be too excited but be another bull trap or a dead cat bounce so just stay vigilant. Remember a few weeks back we went from $6300-$6800 then fall again to $6200 levels and now we are seeing the same pattern again, just saying.

[BitHodler]

Remember a few weeks back we went from $6300-$6800 then fall again to $6200 levels and now we are seeing the same pattern again, just saying.

That level could turn out to be the lower high to beat, and that perfectly fits in the downward trend we have been going through pretty much this entire year. A small bump up is nothing more than a small bump up.

People tend to over-exaggerate the market situation during a what looks to be a small scale recovery. The 12h chart looks pretty bad and there isn't much that can change that other than a strong jump over $8000.

I first like to see the volumes show a proper increase, because as long as that isn't happening the odds of a recovery are still extremely slim. At least we can keep accumulating, that's the good thing.

[leea-1334]

I just realized this from your post, that yes! EOS has been dumping ETHer onto the market, of course that is partially responsible for the price decline. I almost forgot about the ETH collected from one whole year of ICOs. $4 Billion. And that is the price of average ETH gained. Is there any information on how much of their total ETH collected was dumped? I looked but did not see any of this.

Looks like crypto is climbing again. ETF 10 August, maybe some boost. But do not expect bull just immediately. Recovery still in progress.

[aleksnutis]

I look forward to the results of the SEC on the issue of ETF for bitcoin. This is a significant event for the entire crypto community. The Winklewoss brothers have long wanted to launch their own fund, which will allow people to invest in bitcoin from the most common brokerage account, greatly simplifying the purchase process, and also solving the problems of secure storage of crypto currency.

[Kemarit]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

More than 10 days after you open this thread, it looks like bitcoin price is spiking because of the ETF madness again. I believed its the only positive news that really push the price from the last bottom and slice the mental barriers of $7K. And now its just above the $8K mark and still holding at the moment. But the big question is how will the market react at the Aug 10 date? Its really a critical day for the crypto world because it will decide if this bull run will continue or another reversal is in the horizon.

[bob123]

But the big question is how will the market react at the Aug 10 date? Its really a critical day for the crypto world because it will decide if this bull run will continue or another reversal is in the horizon.

Tbh, i think the whole ETF thing is quite overhyped.
I don't think an approval would trigger another 'bull run'. Those would be good news, yes. But not worth another crazy bull run like last year.

I can very well imagine that this hype will be contra productive when either (1) the ETF will not get approved or (2) people realize there won't be a big pump after the approval.
In both of these scenarios a sharp decline of the price is very well imaginable.

IMO it takes a lot more to trigger a real 'bull run' than a simple approvement for an ETF. The most promising event which would trigger a lot of FOMO will probably be the final release of the LN after all of the testing stages and all of the improvements.
Because THIS would really make a huge difference regading technology/usage/scalability/fees. This would heavily increase the value of BTC, which should lead to a sharp increase of the price too.

[Indamuck]

I just realized this from your post, that yes! EOS has been dumping ETHer onto the market, of course that is partially responsible for the price decline. I almost forgot about the ETH collected from one whole year of ICOs. $4 Billion. And that is the price of average ETH gained. Is there any information on how much of their total ETH collected was dumped? I looked but did not see any of this.

Looks like crypto is climbing again. ETF 10 August, maybe some boost. But do not expect bull just immediately. Recovery still in progress.

I believe EOS has already finished selling their eth off.   Ethereum has lost a lot of ground recently vs bitcoin mainly from all the dumping.  Most of the alts are bleeding while bitcoin is again gaining more dominance.

I do think bitcoin will reach new highs by the end of this year.  I'm calling between the 25k-30k range and most alts should reach new highs as well.

[UconBit]

But the big question is how will the market react at the Aug 10 date? Its really a critical day for the crypto world because it will decide if this bull run will continue or another reversal is in the horizon.

Tbh, i think the whole ETF thing is quite overhyped.
I don't think an approval would trigger another 'bull run'. Those would be good news, yes. But not worth another crazy bull run like last year.

I can very well imagine that this hype will be contra productive when either (1) the ETF will not get approved or (2) people realize there won't be a big pump after the approval.
In both of these scenarios a sharp decline of the price is very well imaginable.

IMO it takes a lot more to trigger a real 'bull run' than a simple approvement for an ETF. The most promising event which would trigger a lot of FOMO will probably be the final release of the LN after all of the testing stages and all of the improvements.
Because THIS would really make a huge difference regading technology/usage/scalability/fees. This would heavily increase the value of BTC, which should lead to a sharp increase of the price too.

I second that. The ETF is a nice tool for commoners to access the market but I don't think it'll cause all the fire and fury everyone is hoping for... unless Soros decides to dump 20 kajillion dollars into it or something.

And exactly, there should be more substantial events to add value to the coin if we want to see it moving again. It'll take a big change in how people look at it, and it's uses, to get them to want to jump on the bandwagon. Especially after so much hype last year. After such a drastic spike in prices, I don't think much can bring it back up to that level again. The novelty factor can be quite short-lived of investments.

[NinjaCryp]

The August 10th date is a crucial one. Depending on what will be decided about BTC ETF the market will take a very clear direction. I'm quite optimistic, in which case that would be the moment of the reverse of the trend.

Yes, I expect that. If bitcoin crosses narrow gaps between banks and governments to merge ETFs. There are always opposite reactions to each investor. But I suppose there are rules that will help bitcoin and crypto become full and development is promising this year.

[tranduc2101]

Nothing is certain in crypto anymore, we will just have to live one day at a time henceforth. A lot of predictions has failed, so it's better to be on the safe side.

Agree with your comments. I also think that we should not have to spend a lot of time guessing Bitcoin prices after August 10. If you believe Bitcoin prices will increase in August, then you can buy Bitcoin today. If you do not trust, then you can sell Bitcoin