What if Bitcoin ETF is not Approved
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
It can also happen when an ETF is authorized, sell the news will happen again and again. So your scenario is realistic, but also is my. I think an ETF will come, it is just a matter of time. I think 2024 will be a very interesting year for Bitcoin. The halving, ETF, the bullrun, a new all-time high and a big drop? But until the middle of January, the ETF news will come.