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

[Kelvinid]

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.

Certainly never know when it comes but most of us believe in a 4-year cycle where we are expecting another ATH. Not this year, not next year but we are expecting it by 2025. Maybe I can be wrong and maybe my assumptions are right which is why I don't think about ATH because it was too early. The price increase of Bitcoin is still temporary, probably someday we experience another drop, and the price stuck.
People are spreading rumors about ETF approval but it never has a huge impact on the market price that is why I don't make it a reason to see a bullish market when the halving is not yet happened.

[Mauser]

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 ETFs are just one small part of the bitcoin universe, I don't think they alone can push bitcoin to a new ATH. It's definitely some positive Impulse for the bitcoin price if the ETFs get approved, but I think the halving that is coming next year is going to be more important. The bitcoin price already made a jump last month and we shouldn't expect too much of it for the next two months. The important thing with the bitcoin ETFs is that it shows us there is a lot of demand from investors to participate in the crypto markets. It's going to be just a matter of time for the new products to come to the market and be successful. As long as there is demand the financial service industry will find ways to give the investors what they want. I am definitely bullish for 2024 and wouldn't consider selling any coins in the meantime.

[Abiky]

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.

ETFs were never part of the plan. They're only a means to help introduce mainstream investors (particularly, institutional investors) into Bitcoin. With the approval of a spot ETF for Bitcoin, the crypto/Blockchain industry will have some sort of legitimacy. But this would come at a risk of higher centralization in the long run. Bitcoin was created as a response of banks' failures in 2008 (which resulted in a big financial crisis). The whole idea was to eliminate the middleman which was known to bring manipulation, corruption, and fraud into the economic system.

By bringing "Wall Street" into Bitcoin, we're embracing banks with open arms. It's not what Satoshi wanted in the first place, but there's nothing we can do about it. Especially if we want market prices to go up. With the approval of Bitcoin spot ETFs, subsequent block reward halvings, and increasing government acceptance, it should only be a matter of time before the market turns bullish again. Buying BTC now, could be your best bet of striking it rich in the future. Ultimately, it's all about utility (not the price). As long as Bitcoin does the job it's supposed to, there should be nothing to worry about.

[simonova]

There had been many incidences when various news related to crypto which could move prices up turned out to be false. But where do you see bitcoin prices ? It has been moving up steadily for last 10 years. This trend will continue in future also and those who are here for long term will make the maximum profits. Traders will not only incur loss but will always remain tensed with frequent ups and downs in bitcoin prices.

[Silberman]

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 ETFs are just one small part of the bitcoin universe, I don't think they alone can push bitcoin to a new ATH. It's definitely some positive Impulse for the bitcoin price if the ETFs get approved, but I think the halving that is coming next year is going to be more important. The bitcoin price already made a jump last month and we shouldn't expect too much of it for the next two months. The important thing with the bitcoin ETFs is that it shows us there is a lot of demand from investors to participate in the crypto markets. It's going to be just a matter of time for the new products to come to the market and be successful. As long as there is demand the financial service industry will find ways to give the investors what they want. I am definitely bullish for 2024 and wouldn't consider selling any coins in the meantime.

I do not know, I really think that the approval of Bitcoin ETF could bring on its own a new ATH, just the fake rumors that circulated for a few hours were enough to make the price to grow very rapidly, if it was confirmed this was true and that more ETFs were coming then the price of bitcoin will grow at an astonishing speed, however I am fine with an ETF not being approved yet, as if this were to happen once the halving took place then the effect of a news like that should be even bigger.

[2Pizza410000BTC]

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?

You can be sure that Bitcoin ETF will be approved in January 2024 and that the Bitcoin market will be bullish. All of these problems with Bitcoin seem completely dramatic to me. But those of you who think Bitcoin market will not be bullish in 2024 because of ETF are totally wrong, you can be sure that in January 2024 all Bitcoin ETF will be approved and Bitcoin market will be bullish. Even if Bitcoin ETF are not approved, the Bitcoin market will continue to boom. Bitcoin market currently stands at $36860. We may see Bitcoin market within $40,000 very soon.

[coinremitter]

While the approval of Bitcoin ETFs may have short-term effects on the market, it's important to remember that Bitcoin's value is influenced by a myriad of factors, including adoption, demand, and macroeconomic conditions. Crypto markets are known for their volatility, and it's wise for investors to diversify their strategies and not solely rely on ETF approvals. Being prepared for various scenarios, like market fluctuations or the potential halving event in 2024, is essential for any crypto investor.

[Cookdata]

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.

The earlier we realized that influencers or investors opinion doesn't have power to do anything about bitcoin moves, the better for everyone. Everyone knows what is happening behind the scene of Bitcoin and the rich men behind spot ETF, they are strong people that uphold so many wealth like Microsoft and apple shares but l have never for think for once they are the key to.the next bull run, they can be influencing to bitcoin since they control the traditional market but I don't believe them when they say anything good about bitcoin, that was how Elon was pushing it the last time only to come and exit payment in Tesla after selling his sats on the low.

For the influencers that are already pushing the narrative of bitcoin will do this and that, better lower your expectations because we might not really make big moves like we did in the past but rest assured that bitcoin will make some moves but making it as if it's a guarantee is very misleading. Remember that we had lot large investors and institutionals that are waiting for it to reach a certain price so they can offload. We might a not even see big moves that much but perhaps after the halving after the fake pump.

[adultcrypto]

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.

You got this right, there have been bull run without ETF, so even if the ETF gets rejected, there will always be bull run. On a second thought, it is looking like the market makers are pushing the narratives of the ETF approval, their way of manipulating the market to their advantage. Whatever happens, we should hold on to our Bitcoin.

There is no doubt that many people will panic and sell off should the market start crashing if the Bitcoin ETF are rejected. This is normal but since we know that Bitcoin will always come out stronger, the wise thing to do is to buy more. To succeed in Bitcoin requires that we have confidence in it.

[Abiky]

You got this right, there have been bull run without ETF, so even if the ETF gets rejected, there will always be bull run. On a second thought, it is looking like the market makers are pushing the narratives of the ETF approval, their way of manipulating the market to their advantage. Whatever happens, we should hold on to our Bitcoin.

There is no doubt that many people will panic and sell off should the market start crashing if the Bitcoin ETF are rejected. This is normal but since we know that Bitcoin will always come out stronger, the wise thing to do is to buy more. To succeed in Bitcoin requires that we have confidence in it.

Prices are on the rise due to rumors of a spot Bitcoin ETF getting approved by the SEC. Not has been officially confirmed by the agency yet, but you know how it goes. If the SEC delays ETF applications again, you can expect the bullish season to come to a halt. At least, for a short period of time. Bitcoin has been known to obtain new ATHs in the past without an ETF. So it's likely BTC will do fine in the long run.

In case spot ETFs are approved by the SEC, market prices will never go below $26k ever again. There will be a massive bull run like you've never seen before. Your best bet would be to buy and "hodl" as much Bitcoin as possible before this happens. Who knows if you'll become the next Bitcoin millionaire in the future?