Quote from: bayu7adi on October 22, 2023, 02:07:14 PM

Regarding the Bitcoin ETF, any decision from the SEC will undeniably impact the price. If there's a delay in the SEC's decision announcement, there's a likelihood that BTC will remain in the $28k-$30k range. We all know that the SEC often requests extensions to announce their decisions, and this significantly affects market demand. Investors' confidence was bolstered when the SEC lost in its battle against Grayscale Investments in court. So, there really isn't any other reason to hold back the progress of BTC. Sooner or later, Bitcoin must experience a bullish trend.

As of now, I still perceive a positive market sentiment. The deadline set by the SEC for the Grayscale decision will likely be announced before January 10. There's still time to keep BTC prices from breaking the support level.

That has definitely had an impact and bitcoin has experienced quite a significant price pump in the last two days. This shows the speed of my predictions at the end of the month and this rare moment provides good momentum before Bitcoin corrects again going forward. For people who set short-term investments, maybe a price of $34k-$35k will already make a profit if sold and also depends on what position they buy. I also don't know whether the price pumping that occurred in the last two days was caused by the SEC because it didn't follow the latest news regarding developing issues because it was caused by my busy work schedule.

The support level was exceeded and the prediction went far from my analysis, however this indicates a positive level for future market movements and although it may be corrected again to below the previous support price. That is why it is difficult to make accurate predictions with high levels of volatility and there are always certain moments that can lead to Bitcoin pumping and correcting.