Now given that if the ETF is approved, we can look back and say that it 100 percent was in fact approved. If I believe now that it will be approved, I prefer to look at it the same way I will after the fact. That is to say I believe that a Bitcoin ETF will soon be approved and I place the likelihood of approval at exactly 100.00% with zero margin of error.
Whether or not it is approved will make no difference to the medium or long term price.
Crypto is in a bear market, which has to play-out. The time scale is easy to see from the long term chart of BTC.
Once we get to 2020, then news will be more capable of a positive effect.