If the ETF doesn't get approved, we may see a price decrease but the only reason for that is that people pay too much attention for this kind of events even though they're not that important.

For the long term though, nothing except the active development will bring bitcoin to a higher price.

BTC market is not fully dependent on the market thus it is mostly dependent on market nature. ETF hype created an influence in market price as many people paid attention to the news. But this problem has been overcome in the market and another ETF declining will be overcome also. BTC price will rise in slow by the end of the year.

I think bitcoin price do not depend on EFT. But the price decrease when EFT is not approve. So it easilt show that some investor did’t have knowledge so they sale their coin. Very soon price will rise and I believeend of the year the its more than 15000 dollar.

There may be a decrease in price if it does not get approved,which is of grave concern. But this has led to this because the people are giving unnecessary attention to this piece of news.

There should not be a link between the approval and the BTC, these are not interrelated directly, but we are still doing it. It needs to get approved otherwise sadly the price will go down. And we really can't afford another dip now.

it does not necessarily mean that the totality of agencies or even the ETF must approve of the bitcoin currency before the price appreciates but then their approval just gives a degree of confidence in the currency and those that are considering investing in it.

the answer is simple if you look at the small but long enough history of bitcoin.
did we have ETFs or SEC or Government or banks approval in the past 9 years of bitcoin that price has been rising?
you see bitcoin was created so that we don't even need any of them but unfortunately it seems like in the past couple of months thanks to ETF hype everyone has forgotten that and are starting to look to SEC to tell them what to do. it is like some people are begging for centralization to enter this world!

SEC approving bitcoin ETF is not a must for Bitcoin to grow as Bitcoin will find its way through mining, legalizing and solving problems all over the world. But, having accepted by SEC as an ETF will definitely increase it's credibility, demand and the chance of manipulation which is greatly required in the current market.

I don't think ETF approval is must for the BTC price to increase but it will definitely have a positive effect on the market and if bitcoin ETF gets approved, we might even see Bitcoin surpassing the last year's market cap of 20,000$ easily. Since the last ETF hearing hype has made Bitcoin to break so many barriers, it will affect the price in a positive way.

I think SEC accepting Bitcoin will bring more people to in the crypto field to invest on Bitcoin. It would be definitely a good step if it gets accepted but even if it doesn't Bitcoin will suffice, because recent studies show Bitcoin mining has started again with twice the intensity which will cause a upsurge of demand in the coming future.