Quote from: Zaguru12 on January 23, 2024, 09:31:26 AM

Quote from: hugeblack on January 23, 2024, 09:18:33 AM

Frankly, I feel that the shock comes from the fact that everyone was expecting the price to rise after the news of the ETF getting approval, or that the price would collapse if that approval was not obtained, but what happened is that the approval was obtained, and yet the price did not rise. The shock is more psychological than an analysis of the price.

You know one thing people are yet to understand they feel like bitcoin can easily bow down to FOMO just like that, they were people that even thought that with the ETF approval the government has a gate pass to manipulating the bitcoin price but now bitcoin seems to be defeating those cases. At first I knew bitcoin will actually raise after the approval because the hype around it was just too much for it not to react but I was predictive that as definitely a bull trap and nothing more, now we have a chance once more to accumulate.

Quote from: cryptoaddictchie on January 23, 2024, 08:07:21 AM

Well if gonna based on historical past of bitcoin movement then you are right. But its quite hard to predict everything especially the bitcoin etf was just approved this year in spite of all those previous years that it has been struggling to be with. But this approach is a step forward for more adoption introduction to a wider scope of users and not just crypto enthusiasts means a very bullish thing for bitcoin.

There is no denying the fact that Bitcoin popularity and adoption will grow mostly around all this huge investors with ETF around but the thing is it wouldn’t just spike a bullish trend immediately after raise because we know this big investors coming in through ETF wouldn’t just go ahead and invest heavily like that they will certainly have to strategize for that, so ETF effect might come later but for now we definitely have to hold on to the historical predictions we have as that is the only true trend we can predict now and in the past this trend of bearish sentiment is expected before halving

No definite dip in site. just a maybe dip . the reality is no one is sure of the future.