Bitcoin is dumping after ETF approval?

[Jamal Aezaz]

That was nothing to worry about because we all know that after a huge increase we sometimes see a correction. That decrease was not because of bitcoin ETF approval but that was actually because of correction and may be due to generation of some bad news.

You will be familiar with the fact that From that point till today there was a less duration but in such little duration we have examined huge pump like that of 62k$. Lower price does not persists longer so if we are examining bitcoin or any other coin at lower price then keep in mind that we are near to the Bull season and correction is necessary before entering into Bull season.

[Wiseman]

Seems like Bitcoin and the whole market is in Blood days now day after that ETF approval , is this something to be alarm for? or just another Correction that we have had before the approval?

Am not worrying of anything but just curious to what had happened today?

It was predictable, especially for those who have been in crypto for years and you see it for yourself after a while (that everything is fine) and it's just a small market dump to buy your own and start growing.

Currently everything is fine, bitcoin has shown a significant price increase and has touched $64K.  An achievement that makes us amazed, because it occurred before the bitcoin halving.  The decline after ETF approval was not a big problem, because it had already passed.  Now we should focus on the new ATH.

Yes , I agree , the main thing is that this ATH should not be at the level of 70000$ ))) we are all waiting for big market growth and want to see bitcoin far beyond 100k , it is always optimistic as nothing grows like that except cryptocurrencies including bitcoin .

[DAMKAR]

Yes , I agree , the main thing is that this ATH should not be at the level of 70000$ ))) we are all waiting for big market growth and want to see bitcoin far beyond 100k , it is always optimistic as nothing grows like that except cryptocurrencies including bitcoin .

It is likely that bitcoin will reach an ATH of more than $100K in the next year, as the price of bitcoin is currently high at $62K. I still hope bitcoin will touch the new ATH of $200K, this is a high expectation But I want to try to hold it

[Wiseman]

Yes , I agree , the main thing is that this ATH should not be at the level of 70000$ ))) we are all waiting for big market growth and want to see bitcoin far beyond 100k , it is always optimistic as nothing grows like that except cryptocurrencies including bitcoin .

It is likely that bitcoin will reach an ATH of more than $100K in the next year, as the price of bitcoin is currently high at $62K. I still hope bitcoin will touch the new ATH of $200K, this is a high expectation But I want to try to hold it

I think that bitcoin can be held until the 25th year, most likely the strongest growth will be at the beginning of next year, but it is for everyone to decide, the bar of 200k is quite realistic and I think that bitcoin will be able to overcome it.

[NikeFit_7777]

The price of bitcoin has climbed to $57k as of right now; it is unclear if this is a peak price or if it will drop to $50k before the halving. However, the approval of the bitcoin ETF has significantly boosted the price of bitcoin, and if the price increase keeps up the current momentum, it could surpass its previous all-time high before the halving season.

Wait, let's still wait for halving + adoption of other spot ETFs. Believe me, there's still plenty of positive news (maybe) to come - which will then have a huge impact on the price. + those who bought at current prices in '21 can already go to zero, unless of course they sold out. There are literally 65 days left to halving (yes it may not affect the price), but bitcoin mining will decrease - and that's a big deal.

P.S. There's an unspoken rule about attachments. The less you overestimate expectations, the more income you get (in theory). But in practice, as always depends on the amounts/does assets etc. In any case, those who bought before the spot ETF-BTC was accepted are already in a nice plus.