Bitcoin Price Outlook Uncertain As Spot ETF Nears Approval
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Bitcoin prices logically should correct once spot Bitcoin ETFs are approved, but crypto is unpredictable and may not follow typical "sell the news" patterns.
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Some analysts expect institutional investors to take a wait-and-see approach, with inflows happening gradually over months/years rather than immediately.
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Other experts believe any post-approval Bitcoin price pullbacks will be minor given positive fundamentals like 2024's halving, global money printing, and geopolitical uncertainty.
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There are signs institutions are already speculating on ETF approvals based on capital flowing into existing futures ETFs lately.
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Many see little chance of a serious BTC price correction prior to the key January 5-10 decision window for spot Bitcoin ETF approval.