Quote from: Mame89 on May 21, 2024, 09:55:33 PM

Quote from: Minor Miner on May 21, 2024, 02:06:39 PM

Quote from: btc_angela on May 21, 2024, 11:11:21 AM

And just like what, when we talk about $71k, bitcoin prices again rose to that price and in the last 24 hours we have a huge uptick in the price and for sure we are all very happy to see the price at this range again.

So it' just like $2k from the previous price, and with the way the price is rising, we knows, maybe before the end of this month, we will see a new all time high.

Bull have awaken up and this is the first sign of the price movement after halving, so this is a very positive outlook specially for those who have been waiting for a movement and somewhat doesn't have the patience.

What do you think is the reason why bitcoin and the entire market turned green? I believe this impact is due to the news of the ETH ETFs rather than the impact of the halving. Looking at ETH, it jumped over 20% in just one day when news broke that there is a 75% chance that the ETH ETF will be approved on May 23. But like a bitcoin ETF, nothing is guaranteed until official news is released so there is still a chance that the market will be severely dumped if the ETF is not approved.

I also have a view like you, if I see the market price turning green because of the news about the ETH ETF that will happen tomorrow. So I also don't see this as an impact of the halving, because ETH jumped higher than BTC but this is also good enough to attract investors. But even so, both BTC and ETH have now reached significant resistance levels, so it's best to continue using bitcoin and ETH.

If the ETF approves ETH tomorrow, it is very likely that all markets will experience another significant increase and will even break the current resistance level, then Bitcoin will exceed $73k and ETH will exceed $4k. This is just a prediction, everything comes back to their respective research in investing.

Many bitcoin investors attribute bitcoin's recovery to the impact of the halving because they do not want to believe that ETH is leading the market. But it is clear that the recent recovery of the entire market is thanks to the news of the ETH ETF.
I think that whether the ETF is approved or not, the market will still correct in the same way that bitcoin ETF is approved. I think “sell the news” is inevitable, but if the ETH ETF approved, we will soon see a market recovery and even a bull season come sooner than we expected.
With the recent news I read, I am optimistic and believe that the ETH ETF will be approved. Not only has bull season arrived earlier than expected, but this has even been a super bull cycle for us.