I think the ETF approval is going to get approved soon, maybe by January, because I am hearing stuffs that ETF sales is already live, so the approval must happen by ease or by force, still my advice is to take your eyes off the value of Bitcoin right now and focus on your DCA strategy.
Take note that you cannot predict what the SEC is going to do, i know some people are saying it will happen soon and i am sure so many of them are repeating that because of what they feel would happen with the price of BTC, too many people are expecting a huge pump in the price of BTC if spot eft's are approved in the U.S. market, but all i can tell them is to wait. Your expectations will not determine what the sec are going to do, and i don't think people should be buying BTC's only because they anticipate a spot etf approval from the sec, it shows they are nothing but get rich quick buyers.
Expect the unexpected and this market is always been like that, we might be able to assume out on what SEC would do, considering that they are really that against with Bitcoin or crypto overall.
As much as possible they would really be that doing things which it would really be according into their liking. If the community is already that anticipating for those things to go on that way
then they would really be that going to the opposite side on which tons of people didnt really expect for it to happen which it is really that against with their principle.
Now that the price is going up high because of the recent rumors of ETF approval then the price do make some rally.Fomo is there on which it is normal
but be careful because the price cant rise up forever on which there would really that a correction but of course we cant really be able to deny that shooting up
its price could really be always that possible.