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

[GreatArkansas]

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.
(.....)

I don't think so, ETF approvals are the main thing these days, the most awaited events. For sure for the long term it will not really depend on it but for the short term, it is really important especially if you are a trader, you will see very volatile price actions.

[TravelMug]

To be honest, we have been hearing this so called Bitcoin ETF and others since 2017. And from that point moving forward, bitcoin is not affected, by the rejection or non-approval by SEC. Of course, it will be a plus if we will get the approval, but I think we can survived and experienced the imminent bull run next year. Just like when Covid-19 didn't stop bitcoin back then, reaching another all time high at $69k.

So not just because that we will not get that approval doesn't mean that we will not have a bull run and all time high. Bitcoin ecosystem is in a cycle, bear and bull, happening every 4 years. And no matter what is happening in the financial world or geo-political or again, the pandemic, no one is going to stop the eventual bull run, in my opinion.

[KiaKia]

It's been a long time coming for ETF approval, like who still believes in this anyways? Some people do want ETF to happen before they start investing in Bitcoin as this will increase their confidence in Bitcoin, I totally get it but this is also a big tool for THEM to successfully manipulate the market, it's left for you to make a choice, and I don't have any in mind than to do NOTHING.

I am prepared to just watch and see how things play out, but I can promise you that Bitcoin won't feel a thing, some people will panic sell because if the buy the rumour sell the news strategy but it will be a big opportunity for the manipulators to start buying the dips too, like I've said before, this ETF approval is a near perfect tool for them to use against the market.

People are now getting used to the year of Bitcoin halving to be a bearish year, if CoVid can happen in 2020 then something else can happen in 2024, it doesn't have to be another virus outbreak, maybe it will be rejection of all ETF? All I am saying is to not let your guides down, be careful what you are wishing for.

[Jerry Oyang]

Bitcoin still has the potential to continue its upward trajectory, perhaps influenced by the approval of ETF. However, in the long run, it is more likely to sustain its growth amidst ongoing fluctuations.

[cheezcarls]

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?

I wouldn't really expect too much about the bullish trend because it is not in our control. We cannot just solely rely on ETFs as the other strong catalysts behind the strong rally apart from the much-anticipated Bitcoin halving.

Plus there will be no guarantees on whether an ETF will be approved or not on a specific date because the US SEC can change their minds by either postponing or declining the approval. It's something that we should be prepared as well.

The black swans would appear at any moment without warning for the FUD to kick in that would cause the market to go downturn unexpectedly.

If ever the Bitcoin ETF was not approved and waiting for the halving period of Bitcoin, the bullish trend is still not really guaranteed. Time will tell and let's see what happens after that.

[darkangel11]

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?

There were attempts to start an ETF many years ago. As far as I remember we had first ETF hype in 2017 when people waited for a futures ETF that eventually allowed Wall Street to short bitcoin and eventually lead to the end of the bull market in 2018.

Then there were hopes for another one in 2019 which started that 2019 rally where people thought it was a bull market already, but in reality we had to wait another year for that.

The New York-based investment management company VanEck has proposed a bitcoin-linked ETF vehicle alongside its partner, SolidX. While the SEC has rejected past attempts at launching cryptocurrency ETFs (the Winklevoss brothers' bitcoin ETF was shot down on two different occasions), analysts have argued that VanEck's product is different.
https://www.investopedia.com/news/what-watch-sec-bitcoin-etf-decision-early-friday/

I'm sure that a spot ETF approval will pump the price, but we don't really need that for a bull market to start. It's going to start anyway after the halving, but an ETF could make the price go up much faster.
Without it we could be waiting until 2025.

[blckhawk]

Bitcoin still has the potential to continue its upward trajectory, perhaps influenced by the approval of ETF. However, in the long run, it is more likely to sustain its growth amidst ongoing fluctuations.

The market history of bitcoin for the months of November and December is pretty so there's that factor why the potential for an upward trajectory is high so no surprises there. That sustain is pretty flimsy if you ask me because bitcoin isn't due to collapse anytime despite fluctuations/volatility in the market. I hope that the bullish trend is real, I want to make a hefty profits with the bitcoin that I bought during it's lowest point this year, I don't know about what Crypto Tony says though, that the bullish trend can happen regardless of the ETFs approval result.

[tbct_mt2]

I don't think so, ETF approvals are the main thing these days, the most awaited events. For sure for the long term it will not really depend on it but for the short term, it is really important especially if you are a trader, you will see very volatile price actions.

I think differently than you. I believe the new bull run will start with a Bitcoin halving in 2024 and that event will be shilled on media to warm up Bitcoin market several months before the halving, like the first quarter of 2024.

A few months after halving, market will be heated up enough and maybe we will have a first Spot Bitcoin ETF in USA. It, if approved, will be a final big news to help Bitcoin making a new all time high. Then we will go with another long bear market that might start in second half of 2025 and will end in middle or late of 2027.

[Dunamisx]

Sadly the profitability of next year's bull run will largely depend on the approval of spot Bitcoin ETF by the SEC.

If we are to go by the previous halving we had already, does the incident of bullrun has anything to do with spot bitcoin ETF approval or not, we can see that bitcoin today is not depending on any of these, if not, maybe the recent surge in the market price would have been attributed to the fact that bitcoin spot ETF was approved, meanwhile the market never go dip despite it's unapproval.

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.

Now you have just hitted the point, it is exactly as you have said it, bitcoin remains the way it has always been, but spot ETF approval will also have a great impact in taking the market towards the next level.

[naira]

The Bitcoin halving has gone according to plan even without an ETF, the 4 year cycle is still going on as it should. The difference here is that the big boost from the ETF approval provides additional strength to continue bullish beyond last season's ATH price. So even if the ETF is not approved, we will remain in the Halving phase and not change. Let's say this ETF is part of a push, but that doesn't mean the Halving will depend on whether it is approved or not. Seeing the bullish attitude shown by Larry Fick, I think Bitcoin price movements are increasingly showing it as a safer escape. Regardless of whether this is premature optimistic sentiment or whether it is already in a bullish market. Still have thorough preparations to face the good and bad possibilities of the impact of this issue.

[Z390]

I've always said my own, he who have ears let him hear, It's better to be fully ready to big retracement from bad news that these people can release at any time, just imagine if ETF is no more important or they call it all off to manipulate the market, it's possible but it's stupid to believe in one side in this crypto space, you will panic and fear will hit you hard if you are only bullish and not bearish, anything is possible.

Either it's recession or ETF rejections, be prepared, have some money separate for possible disaster planned by the manipulators, and keep doing your weekly or monthly DCA, I have promised myself that this bull market will be the best one for me so far, and I plan to erase any form of fear and panic from my path, whatever they plan to do I am already prepared.

ETFs have been rejected too many times before and Bitcoin doesn't care but the adopters will be shaken off once again if ETF is not approved, it looks like it will be approved this time but I am not ready to make a bet on it, what if I am wrong? So instead I already save some money aside for any massive FUD in the market.

[Taskford]

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.
(.....)

I don't think so, ETF approvals are the main thing these days, the most awaited events. For sure for the long term it will not really depend on it but for the short term, it is really important especially if you are a trader, you will see very volatile price actions.

Bull run happen before even if there's no ETF approval happen so for sure without this to happen for sure that we can still see this since halving effect have more bigger weights rather than waiting for its result. But the bull run will happen without it is just short term pump the same as before so expect that dump will immediately follow once bitcoin reach its all time high. So even if we actually see it as main recipe for a bull run but its importance is for long term high price stability since for sure accumulation and holding phase will not stop on that events since there are so many reason to hold if ETF approval will successfully happen. on legal means ETF is important since it can make those other skeptical people who always go with legal asset to think that they should have some bitcoin since this is approve by government as an asset and also good for their investments.

[pawanjain]

Whether or not Bitcoin ETF gets approved, bitcoin is going to go bullish sooner or later.
It may be that bitcoin price will get corrected and get dumped a little because of the negative news in the market.
But the price will get recovered later and we will go bullish, no doubt about that.

[hyudien]

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 agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

[NASdaq]

Yeah, all that pumps are really cool but im afraid that they can use etf to manipulate and control our market..

[aoluain]

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.

Nobody knows but as per the OP's point there seems to be a lot of speculative buying
based moreso on an imminent ETF approval than anything else.

Its ok IMO to bet on the halving, thats going to happen and the effect of it more than likely
wont happen straight away but betting on an ETF approval is really a gamble which will/may
result in a lot of people getting hurt.

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.

Nobody seems to be posting the saying "buy the hype, sell the news" it may happen that
the rise after an ETF approval wont be when a lot of people expect, it could be a
couple of weeks after the event!

I am also very positive about a rise from the halving next year but again it may not be
immediately after the event.

[tabas]

Even before these ETFs have been applied, we're already assuming that the bull run is about to come because of the halving, nothing more nothing less. So, with these ETFs granted that they will be approved means that there's another component that will help to gain that bull run.
But most investors have already been here and those that are newly investing because of the Bitcoin ETFs, you can't blame them if they're in for that because that's how they met this market but they'll soon understand that the market isn't all about those ETFs and what not.

[GigaBit]

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 agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

Regardless of the outcome of the ETF we will see bullish movement in Bitcoin as it has been bearish for a long time and the market will gradually turn bullish around the halving. But if the ETF is approved then we might be able to see bullish movement in Bitcoin before the halving. So for those who are Bitcoin enthusiasts it is necessary to take advance preparation. A Bitcoin investor should do due diligence before investing and there is nothing to be disappointed after investing. Crypto Tony originally posted a disclaimer in his post for those investing from the one side that only ETFs will be approved. But the bottom line is that everyone should do due diligence before investing.

[Texac]

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 agree, whatever the outcome of the decision to accept or reject EFT, the bullish trend is something that cannot be avoided. We have gone through the Halving process and it is clear how significant improvements have been achieved. However, if an ETF is approved, rising prices would provide an even bigger boost. For example, when we found fake news that said the Bitcoin ETF was accepted some time ago the price immediately jumped very quickly before finally being dumped again. So with just a brief overview we realize how market sentiment was strong enough and quick to respond to Bitcoin ETF acceptance.

Regardless of the outcome of the ETF we will see bullish movement in Bitcoin as it has been bearish for a long time and the market will gradually turn bullish around the halving. But if the ETF is approved then we might be able to see bullish movement in Bitcoin before the halving. So for those who are Bitcoin enthusiasts it is necessary to take advance preparation. A Bitcoin investor should do due diligence before investing and there is nothing to be disappointed after investing. Crypto Tony originally posted a disclaimer in his post for those investing from the one side that only ETFs will be approved. But the bottom line is that everyone should do due diligence before investing.

Bitcoin's bullish trend is not tied to or dependent on ETFs, but if it is actually approved by the SEC, we will have a stronger bull run. I think that's what people expect and a reason for people to be excited about ETFs, and no one is saying that without ETFs there wouldn't be a bull season.  I bet you that everyone is very interested in etfs but few will understand what it is even those who are discussing in this thread.  to be honest, I have never seriously read to find out what an ETF is, simply because I think bitcoin will grow and become stronger whether etfs exist or not.

[AbuBhakar]

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?

Most probably the price will retraced since this recent pump is due to pure speculation about potential ETF approval of Blackrock. Bitcoin price is always sensitive to any hype or FUD news that makes it too volatile. Bitcoin price sudden jump from 27k to 30K with just a mere fake news from cointelegraph. This show how easy to manipulate the price in short term but i still believe that even with price retrace the Bitcoin rally will continue since Bitcoin halving is only few months aways.

ETF hype is just a stepping stone to one of the major event on Bitcoin that is consistent that giving hype the price in long term due to the increase on mining difficulty.