A second ETF application was rejected further and the market reacted more to it than the first...
A new ETF application coming to happen this month is the one that if successfully passed will be able to make bitcoins go bull run. Will even make it goes up to 23000 by the Eve of new year.
For Bitcoin will go way up more after Etf. But the problem is when will be Etf approved.
I think in September so just buy btc now.
Yeah, wise things to do with your money is to go for Bitcoin investment and if you find its availability on low price then you will have to use less money for more coins and this is better if you collect more in numbers. Current price is below 8k dollar which is considering better for investment that is the only benefit in current market of Bitcoin so we do not have to wait more and should prepare ourselves for upcoming bull market.
But we can't real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is othe, and I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.