Quote from: khiholangkang on Today at 01:23:29 PM

Quote from: CageMabok on Today at 11:25:29 AM

Quote from: Jegileman on January 20, 2024, 10:25:39 PM

If you’ve been following up on this bitcoin spot ETF approval, you should know that at the time it was been approved by SEC, it will not have any impact on the market again. So many news about the approval that were faked was first released and we can see how the market immediately reacted to those news. Because of the too many dubious news about the bitcoin spot ETF, it made people lost confident in it and it could not affect the market trend again and the market has to just trail on its own path like we are experiencing now.

Now the market path, especially the price of Bitcoin, is no longer so volatile and has even moved sideways without further increase. This means that the effect of the ETF approval is starting to be less significant even though it is still important enough to be approved by the SEC, because because of this at least it did not cause Bitcoin prices to correct more deeply this month. And it can also provide good resistance in the $40K and above range because there are many people who still believe in holding and buying Bitcoin at the beginning of this year.

Including me who still believes that bitcoin will still continue before halving, although indeed after the SEC's decision a few days experienced an increase and then until today we experienced a fairly deep correction, and also greyscale who did the seller's action continuously which gave the impetus to the price that was getting down lately.

But even so this is not the end, don't let you sell your bitcoin to institutional companies because the market turmoil is very volatile, but if we want to benefit from investing in bitcoin then we need to be patient and wait, it may take time but it will work.

Whatever the market influence that occurs in the current market price decline after a significant increase, then never disturb your concentration in holding assets until the ATH target in the future, I think the market is still in normal condition after every significant increase occurs and we just have to wait and see the market will soon recover after market movements have normalized, based on analysis high recovery will occur before the halving because of supporting factors that allow the market to rise before the halving.