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

[pooya87]

This is not the first time we are in a similar situation! There have been a couple of cases in the pat, specially in 2017. First it is bitcoin being stuck below a resistance that it can not break, then the rumors about ETF being about to be approved start and it breaks that resistance or it breaks the resistance then the rumors start, it won't make a difference.
Then the ETF is rejected and the market manipulators try to fill their pockets.

Guess what happens after that? LOL. Every time there is some ups and downs during a rally and manipulators try to make profit from the small swings on the way up. In the end the rally continues regardless of them.

[AprilioMP]

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.

For now, maybe ETF approval is highly anticipated because it can make a difference in market prices. But bullishness is not entirely dependent on Spot Bitcoin ETF approval and rejection.

Many expect the Spot Bitcoin ETF decision to be approved soon to boost Bitcoin prices. The benefits that can be obtained from Exchange-Traded Fund (ETF) by traders and investors who are anxious about price fluctuations may be a little relieved.
I agree that in the short term, this moment is very important for those who are active as traders.

[TimeTeller]

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.

If you want to take advantage of this hype, you can always buy some for your stash.
As we can't stop this kind of vibe in the market, what we can do is observe and just go along, but still remember what needs to be done with our funds.
We have seen that ETF or not, this market is continuously growing and so with the demand. This is why it is no big deal anymore when it comes to approval of this application.
However, we can't totally ignore its impact in the market. Just don't have high expectations when it comes to estimating your assets.

[Z-tight]

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 am not as enthusiastic about this spot etf approval in the U.S. like so many other bitcoiners i interact with, i am not against this opportunity to attract institutional investors into the market, but i also strongly believe in not your keys, not your coins; so i just think either it gets approved or rejected and i'm fine with any decision from the sec. Too many bitcoiners sound like etf approval is too important for the BTC market, take note that we haven't ever had a spot etf in the u.s. market, so we cannot even predict how the market will react.

The halving will create a pump in price if history repeats itself, and if BTC spot etf isn't approved, a lot of people will be disappointed, but demand will increase because of the halving and people have experienced how the halving affects the price, so another rejection from the sec would not crash the price.

[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.

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.

Not on halving itself. Halving is part of it, but if people were not convinced of Bitcoin's overall design and functionality then whether there is halving or not Bitcoin would still fail. Halving is just one good part of Bitcoin's overall design.

I agree that Bitcoin may also benefit from favorable economic situations, but that doesn't dictate Bitcoin's price. It could very well happen that the world is facing economic challenges while Bitcoin continues to rise.

A Bitcoin spot ETF approval is indeed a big factor right now. It would definitely help push the price up, but again, with or without it, the price would conquer another ATH sooner or later.

[kryptqnick]

I expect Bitcoin to go properly bullish (as in, gain value really fast, leading up to a new ATH along the way) one year from now. That's based purely on analysis of previous bullish markets, but it's dubious and can be interpreted in different ways, I realize that. A sudden ETF approval may speed up the process and boost the price, although I don't think it would be enough to drive the market all the way to the new ATH. Another ETF rejection would likely have some negative impact, but I think it would only be temporary and fairly mild. So I don't think it's a big deal.

[AmoreJaz]

I expect Bitcoin to go properly bullish (as in, gain value really fast, leading up to a new ATH along the way) one year from now. That's based purely on analysis of previous bullish markets, but it's dubious and can be interpreted in different ways, I realize that. A sudden ETF approval may speed up the process and boost the price, although I don't think it would be enough to drive the market all the way to the new ATH. Another ETF rejection would likely have some negative impact, but I think it would only be temporary and fairly mild. So I don't think it's a big deal.

as we have seen thru the years of this market, we can never be sure when will we see this new ATH. combination of various factors will influence the path for this new price level.
now, when it comes to btc ETF, it may have slight influence but it doesn't really give a high rally in the price.

[Blitzboy]

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 am not as enthusiastic about this spot etf approval in the U.S. like so many other bitcoiners i interact with, i am not against this opportunity to attract institutional investors into the market, but i also strongly believe in not your keys, not your coins; so i just think either it gets approved or rejected and i'm fine with any decision from the sec. Too many bitcoiners sound like etf approval is too important for the BTC market, take note that we haven't ever had a spot etf in the u.s. market, so we cannot even predict how the market will react.

The halving will create a pump in price if history repeats itself, and if BTC spot etf isn't approved, a lot of people will be disappointed, but demand will increase because of the halving and people have experienced how the halving affects the price, so another rejection from the sec would not crash the price.

I've found that a lot of people in the Bitcoin community feel the same way. The whole ETF approval debate is overhyped. In a way, this approval seems like it will be the key to getting most people to accept Bitcoin. However, we've never had a spot ETF in the U.S. market before. Who knows how the wind will blow? Aside from one SEC decision, I really think the market is much stronger and more stable than that.

However, the halving - thats the real deal. History has shown us over and over again how it can change things. Sure, people will be upset if the spot ETF doesnt get the go-ahead. But the halving effect? That cant be denied. Increased demand post-halving is almost a given. Some people focus too much on approvals from outside regulators instead of the value and principles of Bitcoin itself. The market will move in its own way, so let the SEC do its thing

[Marvell1]

I expect Bitcoin to go properly bullish (as in, gain value really fast, leading up to a new ATH along the way) one year from now. That's based purely on analysis of previous bullish markets, but it's dubious and can be interpreted in different ways, I realize that. A sudden ETF approval may speed up the process and boost the price, although I don't think it would be enough to drive the market all the way to the new ATH. Another ETF rejection would likely have some negative impact, but I think it would only be temporary and fairly mild. So I don't think it's a big deal.

as we have seen thru the years of this market, we can never be sure when will we see this new ATH. combination of various factors will influence the path for this new price level.
now, when it comes to btc ETF, it may have slight influence but it doesn't really give a high rally in the price.

Bitcoin could still rise in price and reach new ATH even without an ETF, but underestimating ETFs and their impact would be a mistake. Last week we had fake news about an ETF being approved and bitcoin also reacted quite well, and in the past week with some positive news related to ETFs, the market is very bullish. So I think if an ETF is actually approved, it will have a huge impact on bitcoin and the market. I believe we will even enter a bull season before the halving if the ETF is approved soon.

[SquirrelJulietGarden]

Bitcoin could still rise in price and reach new ATH even without an ETF, but underestimating ETFs and their impact would be a mistake. Last week we had fake news about an ETF being approved and bitcoin also reacted quite well, and in the past week with some positive news related to ETFs, the market is very bullish. So I think if an ETF is actually approved, it will have a huge impact on bitcoin and the market. I believe we will even enter a bull season before the halving if the ETF is approved soon.

Bitcoin can rise with news and its big bull run comes with its halving around which we have many news to help it rising seriously. But growth can be organic or just manipulation and we will see organic growth not with all time highs, yearly max price but we actually see it better with Yearly min (lowest) price.

Because lowest price of each year will be representative price of most hardest time for Bitcoin market within a single year. If it shows an upward trend, it is organic.

I can not disagree that Bitcoin Spot ETF is important but Bitcoin will still grow up without Bitcoin Spot ETF.

[Casdinyard]

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?

For what reason though? Bitcoin's volatile and all that stuff yes, but it's not illogical, the pump from then on until now have been warranted and have been sustained by events that lead to it pumping the price, bitcoin can't just pump its value whenever it so pleases, it doesn't work that way lol. The ETF isn't necessarily a fake news either as it has been found to be true anyway later on, or at least news about it surfacing a little later than what the whole industry has expected. I suspect that once the hype around this ETF subsides, we'll probably get back to the 30k ball park once again, probably even dump as it's been like that every time we enter a new bull season. We expect bitcoin to drop a little lower for the first couple of months only for it to pump like crazy once it gains back its momentum.

[Antotena]

Bitcoin has always been bullish with or without them, they are institutional investors that find their ways to drive adoption inside bitcoin which is fine but I don't see anything special about this ETF. It will even make bitcoin to be more speculative and centralized by the ETF holders and since they don't even hold the main bitcoin, they don't really care about bitcoin, they make the noise to make their investment bigger and sell when they wish.

[Distinctin]

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.

People tend to forget that bitcoin price moves mysteriously. Whether there’s a factor that affects bitcoin or not, it’s price will definitely head to into a bullish trend no matter what. Bitcoin’s fate is to grow its price and be bullish, so it will certainly happen in time.

However, I also believe that if this bitcoin ETF will be approved sooner, then we will see a more bullish price earlier. But if not, of course bitcoin will still be bullish but maybe a couple of months after the bitcoin halving.

[Abiky]

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?

Bitcoin had experienced "pumps" way before crypto ETFs were announced. I'm sure it will do fine if the SEC decides to delay the spot application again. The halving event, combined with the (hopeful) approval of a spot ETF by the SEC, should lead BTC all the way to "Mars". The question is not "IF" it will happen, but rather "WHEN". You can see prices are beginning to rise even when there hasn't been an official confirmation by the US regulatory agency. Imagine how far BTC will go once institutional investors join the game.

Keep in mind that BTC was initially created as an alternative digital currency to Fiat. Not a store of value. It's just that "Wall Street" changed people's perception about it. Decentralization is what matters above all else. As long as Bitcoin stays that way, there should be nothing to worry about.

[BALIK]

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?

Bitcoin had experienced "pumps" way before crypto ETFs were announced. I'm sure it will do fine if the SEC decides to delay the spot application again. The halving event, combined with the (hopeful) approval of a spot ETF by the SEC, should lead BTC all the way to "Mars". The question is not "IF" it will happen, but rather "WHEN". You can see prices are beginning to rise even when there hasn't been an official confirmation by the US regulatory agency. Imagine how far BTC will go once institutional investors join the game.

Keep in mind that BTC was initially created as an alternative digital currency to Fiat. Not a store of value. It's just that "Wall Street" changed people's perception about it. Decentralization is what matters above all else. As long as Bitcoin stays that way, there should be nothing to worry about.

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

[Abiky]

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

A spot ETF is inevitable. There's a lot of serious investors who'd want to pour money into the crypto market. I'm sure the US government won't want to miss this huge opportunity. Otherwise, other countries "will eat its cake". If Hong Kong (China) and the UAE are opening their arms to crypto/Blockchain tech, why would the US want to be left behind in the dust?

Once the SEC gives the "green light" for a spot Bitcoin ETF, there should be nothing stopping market prices from rising like crazy. I believe this will revive the hype. If you're smart, you'd buy as much BTC as you can before this happens. Remember, "the early bird catches the worm". Who knows if you'll become the next Bitcoin millionaire once "bulls" take control of the market again?

[pinggoki]

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.

But it's a welcoming one if ETF gets approved because many people that have projected the price at a specific time would get the number wrong because the price that they predicted might happen earlier and when that happens then we can assume that bitcoin's price will continue to go up more than we expect and that would mean more profits for everyone hodling their bitcoin.

[Don Pedro Dinero]

People tend to forget that bitcoin price moves mysteriously. Whether there’s a factor that affects bitcoin or not, it’s price will definitely head to into a bullish trend no matter what. Bitcoin’s fate is to grow its price and be bullish, so it will certainly happen in time.

So I don't know why you say it moves mysteriously. It moves logically, very logically upwards but with volatility, of course. Its unique properties such as the total limit to production and decentralisation are what make it go up over the long term with a certain regularity in the cycles. I don't see anything magical about that.

[Marvell1]

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I can not disagree that Bitcoin Spot ETF is important but Bitcoin will still grow up without Bitcoin Spot ETF.

This is of course, because in 15 years of existence and development, bitcoin did not need any ETF and it could also increase from $0.10 to $69 thousand. So, even without ETF approval, bitcoin will continue to grow and become more popular. At the end of the day, an ETF doesn't really do anything for bitcoin as it just makes bitcoin more centralized, but it will have a positive impact on investor sentiment. This can help bitcoin value grow better and we can make better profits.

[posi]

Although I agree with what the OP said, whether there is an ETF or not, bitcoin will still increase in price and we will still enter the bull season after the halving. But you're right, the question about ETFs is no longer "if", the question is "when" will it be approved, ETFs are inevitable and will definitely happen. Even if the SEC continues to delay, funds and institutions will continue to amend their ETF proposals until the SEC has to accept. To me, ETFs are already part of the market even though they haven't been officially approved.

A spot ETF is inevitable. There's a lot of serious investors who'd want to pour money into the crypto market. I'm sure the US government won't want to miss this huge opportunity. Otherwise, other countries "will eat its cake". If Hong Kong (China) and the UAE are opening their arms to crypto/Blockchain tech, why would the US want to be left behind in the dust?

Once the SEC gives the "green light" for a spot Bitcoin ETF, there should be nothing stopping market prices from rising like crazy. I believe this will revive the hype. If you're smart, you'd buy as much BTC as you can before this happens. Remember, "the early bird catches the worm". Who knows if you'll become the next Bitcoin millionaire once "bulls" take control of the market again?

I don't really care too much about how ETFs will benefit bitcoin in the future because we're doing just fine without it. My only concern is that I see people are excited about the ETFs and I'm looking forward to when it gets approved, it will help bitcoin go higher than we expected and could give us better returns, which is the only thing I expect with the ETF.

ETFs may affect the decentralization of bitcoin, but it is something we cannot avoid, you are right. So instead of hating it, we should accept it and take advantage of the opportunities it brings to achieve our profit goals.