Don't expect anything so you don't get massive disappointment. We are most times not sure in which direction the market may go even if a certain even triggers it. I simply think that the reason why most people thinks that ETF acceptance of Bitcoin may increase it price is because what most people are expecting thus circulating the news. Do not sell but hold, you might not buy it buy when you want to.
I would not expect anything much either. Like I have always said, people pay so much attention on the ETF approval, but in the real sense, the market will always move as it pleases. Nothing can be discarded though at any point, but it is better if we just forget about all the news going on and focus on what the chart is actually telling us. Considering how the market has not been reacting to news lately that much, I would not pay so much attention to the impact of ETF approval, either pending, or disapproved.
it seems that many people believe that next month's ETF will get positive results, and that makes the price of bitcoin rise again. if ETFs are truly accepted, this will be the end of the bear market.
Yeah, a lot of people are optimistic about it and I am sure if there is a positive result, that might actually breathe in some fresh air on the market and we can see some more institutional money coming into the market and most of the bigger financial players. Nevertheless, we cannot just state categorically, that this will simply just end the bear market all of a sudden. There are still a lot of factors involved in this case to have brought about the bear market in the first place, and we should not leave them out.