I remember the price went to 70k after the approval not before, am I remembering it wrong? I mean maybe I am, but looking at the dates, it feels like the 70k+ all time high price happened after the ETF became a thing and people started to invest into them, not beforehand so that means ETF was a good thing to increase the price.
In any case, we have it now and that's in the past and I believe with a bull run, not only retail investors like me would keep on investing and there will be hype in the crypto market, but there will also be a lot of super wealthy people who will invest billions into ETF's as well, which in return will make these companies buy bitcoin to cover 1t1 ratio as well. This is why I believe in our future and a 100k+ price.
If I remember correctly when the bitcoin ETF was approved and 2 weeks later, bitcoin price increased strongly and reached $73k before there was a pullback. Then the halving happened and people started thinking about a bigger bull run but things didn't go as expected and they started complaining about ETFs for not being able to create a surprise.
I don't know how everyone else is predicting but for me, $100k is not a very difficult target to achieve in this cycle. I believe Bitcoin could even hit $150k-180k in this cycle. But honestly, I hope everything happens next year and not this year.
I agree with you, The upcoming bull market is going to be a strong bull market, this year I don't expect much positive for bitcoin, currently the market for bitcoin is below 67K, this month is going to end very soon, and next month is the US election on November 5th. will be Looking at the market situation at the moment nothing much positive can be expected, by the end of this year we may see Bitcoin price around 75K. And the outcome of this US election will affect the price movement of Bitcoin in 2025.
Also on October 22, Bitwise's Head Of Strategy Jeff Park predicted that Trump's victory would take Bitcoin to $92,000.Bitcoin's next bull market is definitely going to be a strong bull market, and Bitcoin can definitely cross 150K in this cycle, but we will all see next year. This year we can't expect much from Bitcoin.