For me yes, especially in this first quarter of 2024, the sign is when Bitcoin broke $47,000 a few days ago.
That is the sign for me, so even ETF will approve or not, I believe it will not affect really the price of Bitcoin, people already immuned about this ETF, they don't give a shit anymore to this.
Bitcoin has its halving and its bull runs are strongly correlated with its halving. Bitcoin Spot ETFs are not big contributors for Bitcoin bull run or bear run, halving is more decisive.
Bitcoin Halving cycleCycle repeatThey are two big things I look at in 2024 and I don't have plan to sell my bitcoins before the end of 2024. Along the way of Bitcoin bull run this year, there will be many news and fud but I believe demand on Bitcoin in 2024 will increase. As principle of supply and demand, its price will increase.
I believe bitcoin's recent rise to $47k was more related to ETF-related news than the halving event. In these days I don't see anyone talking about halving, everything that is spreading on the internet is ETFs, etfs. You're right, ETFs aren't the only factor driving bitcoin prices up, but it's clear that recent bitcoin volatility is related to etfs.
I believe that if the ETF is not approved, it will also have negative implications for the development of bitcoin and may cause the bull season to come later than we expected. Although the SEC's rejection of ETFs has been going on for many years, the heat on ETFs this time is completely different than many years ago, so the final result will also have a greater impact.
Now ETF has been approved then it didnt really did much of an impact if we do speak about increasing prices on which the price did make out some retracement on which means that not every positive sentiments
could really give out such positive impact from time to time into bitcoins price. Now that we are on 2024 on which it is the halving year then it cant really be that denied nor really be avoided for people not think
about those probabilities that this upcoming bull run would be huge considering that ETF has been approved then inflow of institutional funds would realy be something big on which its not really that shocking
that people or investors around is really that expecting something positive into this cycle on which this would really be huge.
This is why on someones personal own approach then it would really be that wise that you should really make yourself some position at the bottom or low price specially that the price
isnt really that getting high or really that getting pumped. If you do really mind off about making profits then this is the best time on securing your position.
Dont let this situation or opportunity come to waste considering that we are still that early to make positions and dont let yourself get left behind by the train
once again.