As the year 2024 approaches, people's expectations for the next BTC halving continue to grow, and crypto investors are becoming more optimistic about the market trend.

However, although the BTC halving is the most important event in every bull market, it is not the only significant event that investors need to pay attention to. Other events may also determine the price of BTC, and the market may potentially usher in another record-breaking bull market.

The submission of a BTC ETF application by BlackRock, a trillion-dollar asset management company, has ignited the entire market.

During the initial application period, investors' enthusiasm drove the market up, but when they cooled down, they would discover that there are other upcoming events that could be crucial moments for the price of digital assets.

In a tweet, the co-founder of on-chain derivatives protocol Pear Protocol listed the timetable for BlackRock's spot ETF application and the important dates within that timetable.

The first date mentioned is June 28th when the iShares filing will be published in the Federal Register for public comments.

The next important date is August 12, 2023, which is the first deadline for SEC to respond to BlackRock ETF application.

There are currently three possibilities: the regulatory agency can approve, reject, or extend its decision by 45 days to allow sufficient time for consideration. Based on the committee's past response to similar applications, the third scenario is likely to occur.

Next is September 26, 2023, which will be the next date for SEC to submit its decision if it chooses to extend by 45 days. Again, the regulatory agency has three options, but this time it can choose to extend by an additional 90 days.

If SEC extends again, the next important date will be December 25, 2023, and there will be three options: approval, rejection, or extension.

However, this will be the regulatory agency's final opportunity to extend its decision, and it can only extend for 60 days.

Assuming SEC chooses to extend each time, it will make a final decision on February 23, 2024, and there will be only two options: rejection or approval of the ETF.

If the SEC approves the application, it would be favorable for the market and may trigger a bull market.

But if the regulatory agency chooses to reject, it could cause a market crash and lead to a decline in BTC and other digital asset prices.

However, the good news is that the Bitcoin halving is coming soon, expected to occur on March 25, 2024.

BTC halving will quickly prevent the "market bloodbath" caused by the SEC's rejected application and can fully mobilize the market's positive sentiment.

The approval of the BlackRock ETF coincides with the BTC halving, and the market may experience rapid growth and set new highs earlier than expected.

In any case, investors should closely monitor the dates mentioned above, as they may affect the price trend of BTC.

But for BTC itself, it still performs well in the case of slowing market momentum.