Post
Topic
Board Speculation
Re: When will the bears take advantage? This bull run lasts so long
by
shield132
on 11/06/2024, 18:07:18 UTC
I don't know if you have been active in the past two years, but you are asking questions that you should know the answer to. You and everyone else should have realized how important the spot BTC ETF (US) was to the price, but you obviously thought the halving was the only thing to wait for.
I missed a year or two on this forum and in the crypto world recently. I understand how important the spot Bitcoin ETF approval was but things are very strange. When ETF approval was announced, the price was pumping up but when it got officially approved, it looked like almost nothing happened, then very slowly, the price continued rising but on the other hand, we also see that the price has been rising up steadily for a very long time and it went from 15K to 70K which is a huge boost, it's not 2016 when the price was 500 dollars.

As I was expecting, the price fell from 72K and it's down to 66K.