The Bitcoin ETF being approved was the news that was awaited, but it will not have an immediate effect.
Especially now with US politics continuing to mention crypto in their campaigns... Even Trump recently paid with bitcoin at a cafe if I'm not mistaken.
Everything there must be so many expectations and policies that cause bitcoin to rise, even if it is not related, bitcoin will still rise according to the cycles we have seen before.
With $300K too high for me then the biggest hope is $100K as the highest point at the beginning.
I definitely agree with what you say, for me what has to do with Trump and his impact on crypto, especially BTC, is very positive, wouldn't this be enough for those who are so politicized with a Kamla who wants to leave behind everything related to crypto and bitcoin? For me it would be great if it reached $100k, and in fact it will, that's why my good target that is most worthwhile will be around $2300k, and if everything goes as it should, then I think that goal can be reached, $100k is a very psychological price, but I'm sure that when it reaches it it will be very interesting, because the price will grow.
Bitcoin ETF news is already price in, that's why we had a new all time high already before the halving. And probably that is the reason as well that it seems the cycle has change for now. Not saying that it is bad for the market, but we should be waiting for the right time for $100k.
It might hit next year, or maybe the bull run that we are waiting might happen after we will know who will be the next sitting President of the United States. So for me, let's forget about the effect of Bitcoin ETF, we should be waiting for more positive news if we wanted to see a parabolic rise in 2025.