Drama of ETF in BITCOIN price
You are familiar with the rise and fall of bitcoin in last 1 month. You all know how this happens.
The rise
It seems like dream comes true when we hear that ETF is introducing in bitcoin the price of bitcoin increases like that bull is back. But but but there is no happy ending in real life
The next part ,
The fall
It seems like it’s going all correct. But then SEC came in the game as a game changer and postponed the decision of ETF in bitcoin. As this news came out in market the panic sell is created and the fall started.
why I called as a drama
As you see in the graph the price where where bull started the bears backs that price again. So what I think that it’s a drama to give profit to some manipulators that’s why the ETF point is introduced.
Future of ETF
I don’t think that in future the ETF is gonna confirmed it gonna use to give some people profit in short term but this is not gonna confirmed. This is all my opinion don’t take it seriously. But think why they postponed when bitcoin is bullish.
comment your views on this topic
Thank you guys
do you think that if the sec is not giving favorable decission then it will come to end or same as other alt coins???
No , but their will be a sudden drop but it is not the end