Whether Bitcoin ETFs are approved or not, we expect bullish trend

[GigaBit]

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?

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[hatshepsut93]

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.

[I_Anime]

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.

[lombok]

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.

[DapanasFruit]

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.

[mk4]

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.

[Iranus]

Whether Bitcoin ETFs are approved or not, we expect bullish trend

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.

[Fundamentals Of]

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.

[yhiaali3]

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.

[BlackBoss_]

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.

[Poker Player]

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.

I agree about betting on the long term, but I would like to clarify that bull runs do not usually occur right after the halving but months later, and they have a logic, we do not expect a simple repetition of history. The reason is that they reduce supply, i equal or higher demand the price will rise. I think the spot ETF will initially add volatility. A quick rise at first but it may also bring the price down faster, although as the price and market cap rise the price will be more stable.

[Franctoshi]

Bitcoin ETF was not programmed alongside Bitcoin, so I wonder why I will capitalize on the outcome to invest. However,  the positive impact on the market will be that it will act as a catalyst for the next bull market if it is approved, on the other hand, may cause a slight dump in the market if not approved, but that is gonna be a short term impact on the market because the market will absorb the selling pressure immediately or months later after the Bitcoin halving.  

Bitcoin ETF is a way to make Bitcoin more available to those who are interested based on the institutional side of investors who don't have much confidence to invest in core Bitcoin, so they filed for ETFs to invest.
ETF or no ETF I'm not relying on the outcome or Banking on it for my investment.

[adaseb]

Even if it’s rejected I don’t think it will have a huge dump like the Ftx collapse. We are used to etfs being rejected for years. I think the worst was when the Gemini twins etf was rejected back in 2017 and I think it lost 30% or something very quickly. But after that every etf disproved wasn’t as bad.

So even if it’s rejected I think we will still stay above $25K or so. The larger issues is what is going on in the world. We got bad inflation and all this debt that needs to be serviced. With all these bonds crashing it doesn’t look good.

[legendbtc]

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.

Every period and time will be different, you cannot expect that bitcoin will always be the same as it was 10 years ago. Things have become very different as bitcoin has become more popular, recognized by more countries, and received more attention. What we need is to adapt to the situation, not ask why. Furthermore, if we want bitcoin to become popular and recognized worldwide, regulations or the like will be inevitable.
Bitcoin's design is decentralized, but that does not mean it will be completely separate and without any connection to the world financial system.

[Fiatless]

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.

Bitcoin's bull run depends majorly on halving and other favorable economic situation that happens at a particular time. Sadly the profitability of next year's bull run will largely depend on the approval of spot Bitcoin ETF by the SEC. It is clear that many investors are been controlled by the actions and inactions of the SEC. Historical Bitcoin prices will always readjust after the rise or fall caused by artificial influences like the ETF. It is true that with or without SEC's approval the bull run will still be experienced but approval will have a greater impact on the price. Let's say an approval will make the price increase more than it would have been if it was disapproved.

[kingvirtus09]

There will undoubtedly still be a bull market in cryptocurrencies even if the ETF rejects applications once more. How frequently have similar circumstances occurred in the industry? Holders will continue to have the chance to benefit here in the commercial world of the crypto space.

There has already been a slight market bull run as the halving draws near. When one of the applications that received ETF approval receives ETF approval, how much more will it be? There will undoubtedly be a significant market surge for both Bitcoin and the leading cryptocurrency.

[bluebit25]

But I'm sure many people don't really understand what the news and meaning of ETFs are, but that's clearly the main reason at this stage for us to discuss volatility for bitcoin.

I have also mentioned that ETFs will be a way for large investors to create a lot of momentum until it has an official announcement, anyway, being in this market for a while makes me realize that even Anyway, Bitcoin must increase even if there is no impact from this news, there will be other reasons that are exaggerated. From an investment perspective, I like the current volatility because it gives me more time to prepare for a long-term plan with bitcoin in the next few years or beyond.

[michellee]

In the end, Bitcoin will still experience its bullish period, whether the Bitcoin ETF application is approved or not. But there is a high probability that a Bitcoin ETF will be approved, although no one knows when. But if the Bitcoin ETF has not been approved until the halving event, maybe Bitcoin will still get a pump even though it may not immediately jump to its highest price.

But if a Bitcoin ETF is approved, it would be an opportunity for Bitcoin to gain more support from many parties. For now, investors who don't think about whether an ETF is approved or not are still accumulating more Bitcoin because they are investing in Bitcoin for the long term. Everything could happen in the future so that they can prepare now.

There may be a brief decline in Bitcoin prices, especially if a Bitcoin ETF has not been approved or is still delaying its decision. So we should not think too much about it and keep trying to accumulate more Bitcoins.

[fuguebtc]

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.

Bitcoin's bull run depends majorly on halving and other favorable economic situation that happens at a particular time. Sadly the profitability of next year's bull run will largely depend on the approval of spot Bitcoin ETF by the SEC. It is clear that many investors are been controlled by the actions and inactions of the SEC. Historical Bitcoin prices will always readjust after the rise or fall caused by artificial influences like the ETF. It is true that with or without SEC's approval the bull run will still be experienced but approval will have a greater impact on the price. Let's say an approval will make the price increase more than it would have been if it was disapproved.

What evidence do you have for this? I don't deny that the impact of ETFs would be huge on bitcoin prices if approved, but that doesn't mean bitcoin price increases depend on it. If the ETF is not approved this year, we will not have a significant price increase, but once the halving occurs, supply decreases and demand continues to increase, a price increase is inevitable. Everything will not change, history will still repeat itself when the halving takes place. The value of an asset is based on supply and demand, not the ETFs or any government agency.

[AprilioMP]

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?

Bullish does not depend on the acceptance and rejection decisions of Spot Bitcoin ETF applications. Spot Bitcoin ETFs and halving events could be one of the reasons that strengthens bullish.

Based on what I have researched about market prices, it is currently bullish because prices have increased.
Bullish and a new ATH will occur even if the Spot Bitcoin ETF is not approved.

Please correct if I wrong.