Quote from: irhact on Today at 06:41:08 AM

Bitcoin ETF was just approved and this bring a new type of Investors into the market which will contribute to the growth of the price of Bitcoin. Many individuals were thinking the approvals of Bitcoin ETF was going to affect the price of Bitcoin instantly but as it didn't happen they're now selling their Bitcoin which is a wrong move. Many individuals bought Bitcoin just for the rumours of Bitcoin ETF being approve so as it has happened they're taking profits.

After they are done taking profits then the price of Bitcoin will start to recover and another pump will come as we get closer to Bitcoin halving. Bitcoin price can get to $100,000 as it almost did it in the last bull run. Many big money investors will buy Bitcoin through Bitcoin ETF and it'll influence the price of Bitcoin on the spot exchange and pump the price to $100,000. The approval of Bitcoin ETF just made Bitcoin reaching $100,000 more realistic.

Approval of BTC ETF did not significantly impact the price of Bitcoin as everyone was expecting/ predicting. A few thousand $ pump is nothing in the market when you look at the past trends. I think that major players were looking for exit liquidity, and this BTC ETF approval provided them with the opportunity, and they wholeheartedly accepted it. Just before the ETF approval, approximately $500M worth of BTC was transferred to exchanges.

There are chances that we will see another price correction before or around the halving event. The BTC price will touch $100k within a couple of years (predicted by looking at the past halving trends). If someone is looking to invest in Bitcoin, keep in mind that BTC is not for short-term investment.