Captainsaudi
Member
The recent BTC price movement after cointelgraph blunder has shown a glimpse of what to expect when SEC finally approve all the ETF applications. I was researching a project recently listed on Bitget when I noticed the volatility rate of BTC, I quickly switched to tradinview mode so I will be sure is not a glitch. To my surprise I watch the price hit above 29k and I felt the bull-run was back. I decided to check twitter for any news that could be responsible for such movement. There I saw the cointelegraph tweet that was retweeted by some KOLs but I noticed Watchergurus didn’t, made any post related to this. After a while BTC hit $30k then came Watcherguru tweet to debunk Cointelgraph earlier claim and price retraced within minutes liquidating over $65 million from the market.
This scenario has confirmed that we could see a tremendous price surge when SEC finally approves this ETF applications and it could take many by surprise. Earlier this year BItQuant predicted that BTC price will retest its ATH before next year halving and this recent development has proven that point. Many analysis believe that SEC will eventually approve the ETF application but when is the question many don’t have the answer. Some analysis also disagree with Bitquant prediction and advised ethusisasts to expect more dip before the halving. They believe BTC bull run will start after the halving.
This scenario has confirmed that we could see a tremendous price surge when SEC finally approves this ETF applications and it could take many by surprise. Earlier this year BItQuant predicted that BTC price will retest its ATH before next year halving and this recent development has proven that point. Many analysis believe that SEC will eventually approve the ETF application but when is the question many don’t have the answer. Some analysis also disagree with Bitquant prediction and advised ethusisasts to expect more dip before the halving. They believe BTC bull run will start after the halving.
