Bitcoin ETF Officially Approved

[UNIVERSE]

That's fantastic news about the official approval of the Bitcoin ETF! It's been a long-awaited development in the crypto world, and it's great to see it finally happening.

We are happy that Bitcoin ETF has been accepted, everyone must feel optimistic about the future of Bitcoin and altcoins. It is already a long time to wait for this good news, many people doubt it before SEC announced whether it is officially approved. Indeed, this is a great history for Bitcoin, gradually we step up to the next level of Bitcoin investment.

With Bitcoin's market hovering around $47,335 and the potential for it to reach $50,000, it's an exciting time for crypto enthusiasts.

Have you checked the current price of Bitcoin? It already dropped to $42,600. Although Bitcoin increased more than $48,000 after the news of Bitcoin ETF approval, it didn't show the sign for the next pump. So, I am not sure we will see the Bitcoin price to reach $50,000 in the near future.

Honestly, I am curious why Bitcoin price can keep increasing after the good news of Bitcoin ETF approval. I think we will have more demand for Bitcoin investment, more people will buy Bitcoin. I also hope there will be a hype of the good news. But in reality, the market showed the opposite, Bitcoin price dropped and the market is reddish.

[JunaidAzizi]

This event made us more tired because every day some speculation was seen and every time I saw negative news about the ETF but finally we saw some positive news and after approval, we saw a green market in the cryptocurrencies.  After the approval, BTC went up and all the other coins followed the same path this is very joyful for us to see such a market, we all need to celebrate this event in our way and enjoy the event.

[NikeFit_7777]

Yes, the acceptance was great. Has anyone wondered how we were led around by the nose, before and after this news? As you can see, it turns out that the price was already priced into the asset = so we didn't see a huge increase. Remember (if you didn't know) the SEC is the most important manipulator.

I believe that 50,000 or more is not going to happen. Why should it be? First, the market is playing backwards, if everyone is expecting a rise, there will be deception. Second, we need to start by analyzing why we fell so much. And end with what the future holds for us.

P.S. About future market behavior. Only my objective opinion. I am not trying to impose it on anyone. Make your own decisions! 

[DAMKAR]

I believe that 50,000 or more is not going to happen. Why should it be? First, the market is playing backwards, if everyone is expecting a rise, there will be deception. Second, we need to start by analyzing why we fell so much. And end with what the future holds for us.

After ETF bitcoin approved, We see the price of bitcoin rising significantly, everyone hopes Bitcoin will soon touch the price of $ 50K.  Meanwhile, you said the reality is usually the opposite.  Maybe it's your experience in the past, but I think bitcoin will have some correction but it won't go below $ 40K.  My prediction is that Bitcoin will be priced at $ 50K next week.

[NikeFit_7777]

After ETF bitcoin approved, We see the price of bitcoin rising significantly, everyone hopes Bitcoin will soon touch the price of $ 50K.  Meanwhile, you said the reality is usually the opposite.  Maybe it's your experience in the past, but I think bitcoin will have some correction but it won't go below $ 40K.  My prediction is that Bitcoin will be priced at $ 50K next week.

As it shows (my personal experience) if everyone expects the same price = most likely there will be a scam somewhere. My understanding is they won't give a higher price, somewhere +/- from current values there will be a drop. Unless, of course, some positive news comes out "suddenly". Let's not forget, the market is manipulated. Deception can happen at any minute. Speculation, nothing more. Honestly, did anyone expect a drop after ETF approval? Me, personally, not so much.

P.S. Analyzes before taking any action + not being greedy = there will be success. 

About ETFs, there's been some positive news about that:

[TopT3ns]

After ETF bitcoin approved, We see the price of bitcoin rising significantly, everyone hopes Bitcoin will soon touch the price of $ 50K.  Meanwhile, you said the reality is usually the opposite.  Maybe it's your experience in the past, but I think bitcoin will have some correction but it won't go below $ 40K.  My prediction is that Bitcoin will be priced at $ 50K next week.

It is natural that Bitcoin prices are increasing because when the ETF proposal is approved and it is close to the halving moment, it will have a big influence on Bitcoin price movements. It looks like the price increase will be maximized this year and next year because, currently, many people are still buying Bitcoin. until it approaches the halving, so keep taking advantage of Bitcoin price movements before the halving occurs because buying before the halving will potentially provide a lot of profit.

[Doctor]

It is natural that Bitcoin prices are increasing because when the ETF proposal is approved and it is close to the halving moment, it will have a big influence on Bitcoin price movements. It looks like the price increase will be maximized this year and next year because, currently, many people are still buying Bitcoin. until it approaches the halving, so keep taking advantage of Bitcoin price movements before the halving occurs because buying before the halving will potentially provide a lot of profit.

I also think like that, since the ETF Approved the price of bitcoin has risen and touched $ 50K today.  This is something fantastic because it happened before the halving, different from the past.  From the current bitcoin price movement, it is likely that Bitcoin will touch $60-70K during the halving and will touch more $150K while bullish.

[EthereumDev_]

I also think like that, since the ETF Approved the price of bitcoin has risen and touched $ 50K today.  This is something fantastic because it happened before the halving, different from the past.  From the current bitcoin price movement, it is likely that Bitcoin will touch $60-70K during the halving and will touch more $150K while bullish.

Currently, the Halving Journey is still ongoing, and there is a possibility that the price of Bitcoin will reach more than what you mentioned because, so far, more and more people have found it easy to buy Bitcoin because of the ETF approval, so demand will be higher, and of course, this will have a good impact on price movements. Bitcoin will always rise until it approaches a halving.

[Mr. Magkaisa]

Finally, after much speculation, imagination and drama, Bitcoin has been officially approved. At the moment the Bitcoin market is hovering around $47335. We will see Bitcoin price close to $50,000 very soon. The news of Bitcoin ETF approval is really good. How do you feel about your opinion?

          -    Well, what you've been waiting for has happened, and I also know that all the bitcoin holders believe that it will surpass that price of 50K$; actually, it's around 52K$; it's more than that right now when I looked at an exchange.

And I know, and most people here in the crypto community also know, that Bitcoin will exceed 50k. That's why I am pretty sure that before the halving two months from now, Bitcoin could surpass its ATH in 2021, which was around 69k.

[retreat]

We are happy that Bitcoin ETF has been accepted, everyone must feel optimistic about the future of Bitcoin and altcoins. It is already a long time to wait for this good news, many people doubt it before SEC announced whether it is officially approved. Indeed, this is a great history for Bitcoin, gradually we step up to the next level of Bitcoin investment.

I don't think that the Bitcoin ETF will create a new history for Bitcoin. Yes, it does affect the price of Bitcoin, and I'm quite happy about that too, but don't forget that the Bitcoin ETF is a centralized product launched just to add profits to those investment firms. It will not make a new history on Bitcoin, because the Bitcoin ETF was launched without any direct backing from Bitcoin.