Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

Absolutely no way ETF goes through.

But you think it will have an effect? Why should it makes btc rate drop? Any correct trader knows the chances are low no?

I remember there was a crash after one of the US marshals auctions, and most of us expected a crash after another, but there was a rally instead. It's difficult predicting Bitcoin's price movements, and it often does the opposite of what's expected. There could even be a pump after an ETF rejection, although most of us expect rejection to lead to a dump.

This is exactly why I suspect the market is now just waiting to find out. Nobody can be sure what effect a decision either way will have on bitcoin, but by now most people will have positioned themselves according to how they think it will play out and, unless some other factor comes into play in the meantime, I suspect we're just going to hover around here until the 11th, poised to respond to whatever happens then.