Bitcoin ETFs have already been approved , we are into the second week now that I have read many people complaining for not pumping the Bitcoin and whole crypto market the way they were told. Actually it does not work the way most of us think.
We were told by the crypto analysts that Bitcoin and altcoins will fly on Bitcoin ETFs approval but its happening exactly opposite to that. There is something that we needs to understand here.
Offcourse Bitcoin ETFs approval is a good thing for crypto in the longrun. Bitcoin ETs doesnt work the way most of us think. The companies who are into the Bitcoin ETF business they need to manage their portfolio according to the supply and demand.
Bitcoin ETFs approval were never meant to be instant pump. The recent pump to $49k was a bonus in my opinion. Bitcoin ETFs will definitely take crypto to the next level heights but that will happen slowly.
An organic growth is good than a pump and dump candles. If you have researched well about how ETFs approval will effect positively to crypto then you dont need to worry about the price.
Bitcoin price was pumped to $49k after Bitcoin ETFs were approved but later the price kept on dipping and today it hit as low as 40250 then printed another green candle and now it is back up trading close to $42k. Bitcoin price effecting rest of the market as altcoin feel it when it goes down in price, so keep holding.
Bitcoin should trade above $40k in order to build upward momentum, if it gets drop below that point then we will see easy $35k. Bitcoin may be dipping due to people selling for profit, those who bought in $20k range. Well ,Its normal to take profits as its a free market and everyone is free to buy and sell.
On the other hand $HIVE price was dropped as low as $0.3094 after Bitcoin price decreased. Hive is currently trading at $0.32 which is really a low price if someone is thinking to get their hands.
We know that $HIVE price isnt performing well these days. The selling pressure is insane. I am not an expert but i do think that the time for $HIVE is near when it will pump hard.
Halving is getting closer with each day passing, its going to happen in april in current year. So you can calculate that we have two months left in the big event of bitcoin having. Thats where the real fun will begin.
I would advise you to not worry about prices rather it would be good to focus on longterm goals. This is good for a stress free mind. If you really believe in bitcoin amd hive then you must stand strong in the ups and downs.
We are all getting ready for bullrun but that may be a little away yet , i mean we could get another big dip before the bullrun. That would be the time to stay strong and hodl your bags. I bet holding will pay well in the end.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
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