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RE: Bitcoin Analysis - July 24, 2018 - BTC ETF Decisions in August and September
last december $20k BTC with no ETF... We now have potentially trillions more looking at this market ready to invest. I don't think the ETF is as make-or-break as you make it seem. BTC heading to new all time highs because it's very limited available and insane amount of money flowing into it. With or without the ETF which is basically a distraction at this point.
If the declines from a BTC ETF rejection find a support level and hold it, cool. Then it's like BTC 7k or something instead of 6k. It would be bullish.
Don't be confused, I'm long-term bullish on BTC, just that if the ETF's are not approved, I am unsure that capitulation for BTC has ended. https://steemit.com/btc/@crypto-investor/btc-market-analysis-july-12-2018