🅱️ Bitcoin Spot ETF | Bullish Or Bearish?

26. Okt. 2023

Nothing is set in stone when it comes to Bitcoin, Altcoins and the Cryptocurrency market as a whole.

How will the launch of a Bitcoin Spot ETF product affect the market?
Would it be bearish or bullish?

We have mainly two scenarios... Please follow me in this analysis, we will keep it easy and short.

SCENARIO 1) Launch Before 2024

If a Bitcoin Spot ETF product is launched in the USA before 2024 it can turn into a bullish development that leads to this bullish wave peak, followed by the pre-halving correction.

SCENARIO 2) Launch January 2024 or Later

If a Bitcoin Spot ETF product goes live in the USA in January 2024 or at a later date, it will become a strongly bearish development and mark the beginning of the major pre-halving correction. A strong, multi-months long correction ending in a long-term higher low (compared to Nov. '22) before/towards the halving. After the halving we get sustained, long-term growth; A full blown bull-market with a new All-Time High in 2025.

My opinion is that the launch of the Spot ETF will signal the end of the bullish wave and produce a major correction. Actually, an initial push first to mark the peak and then the biggest correction since mid-2022.

I know you might agree or disagree... Which one is it?
Share in the comments below.

Will a Bitcoin Spot ETF product launch in the USA produce bearish or bullish momentum?
Share with us... Your opinion is welcome and highly appreciated.

Thanks a lot for your continued support.

Namaste.