Bitcoin Forum

The question about Bitcoin's current state keeps surfacing on the internet, and here's my perspective on it. I believe that Bitcoin is currently experiencing a significant bearish phase. This might come as a surprise, considering its widespread popularity, but when we delve into essential data points, it becomes apparent that some of the optimism surrounding its future is unravelling.

To provide context, when we look at Bitcoin's historical performance, we would expect periods of surges followed by normalization, fostering sustainable long-term growth. However, the reality differs. A close examination of monthly trading activity data from the beginning of 2018 reveals a consistent year-over-year decline in Bitcoin's trading activity for at least five years.

For instance, in September of this year, Bitcoin's trading activity was 68.6% lower compared to the same month the previous year. Over the past two years, it has seen a more moderate decrease of 54.8%. Yet, when compared to three years ago, it has declined by 68.9%, and compared to five years ago, it has plummeted by a substantial 86.1%. The overall trend is unequivocal: trading activity is on a steady decline, and Bitcoin's price significantly relies on the optimism of traders. Acknowledging these trends is essential. This is what some people believe.

However, I hold the view that Bitcoin's price is primarily driven by sentiment. Whether we accept it or not, it's our sentiment that propels Bitcoin's price, not technical analysis. Technical analysis only comes into play when we need to determine the price range for our next buying or selling decision.

I've observed that many people employ various strategies to accumulate Bitcoin during this prevailing bearish phase, such as the widely recognized DCA (Dollar-Cost Averaging) and Dual Investment (I often discuss these together because they complement each other). Some opt for Smart Trend, while a significant number engage in trading Bitcoin on futures contracts.

Everyone has their approach in anticipation of a potential Bitcoin surge in the near future. However, we should also consider how long everyone can wait for this expected turnaround. It's commonly suggested that next year will be fundamentally positive for Bitcoin, but what if price manipulation, like the dynamics of price ranging for several days getting to weeks seen this month during "Uptober," comes into play with no significant direction on where price would go but a mere indecisive action that can lead to manipulation and sweep traders who either long or short

So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?

I believe that it is in neither trend right now. People think that these trends of bull or bear meaning the price, but it means the direction not the price. SO a lot of people do not realize that no matter how much a price drop happens or a price increase happens, if the price stays flat for a long time then it is none of them. I have seen it not do all that weirdly so far and I am thinking that we are going to do a bit more common for a while as well and not really move up or down too much. This doesn't mean that a small chance won't happen, as much as %10 could possibly happen in either direction, that would be the highest I would say until its a trend. But anything under that and I consider that as normal and neither trends.

Bitcoin doesn’t have any clear trend for anyone to rule out. It nonsense to assume any trend while the price is clearly on the sideways of bullrun in short time frame(days) and bear market in long time frame(months). The price is currently on indecision phase so there’s no current trend here unless the price breaks any major support and resistance that is already a boundary for more than a month.

All this price action is clear the result of 2 sides of traders that has opposite belief. Positive trader believe that ETF approval and Bitcoin halving will boost the price while the other side are those still viewing the Bitcoin chart as bearish.

If I look at the position of bitcoin within one year, or more simply from the beginning of 2023 until now towards the end of the year I see that bulish dominates, especially during the first month of this year until April where bitcoin experienced a significant increase which eventually stopped at $ 31k as the first highest resistance at the beginning of this year, then then experienced a bearish phase again until the price of $ 24k which is the lowest support in the middle of the year. If we race to support and resistance, it is clear that in 2023 bitcoin has increased where some previous supports are lower than the latest support, so of course there is a fairly dominating increase.

And well now bitcoin is experiencing a new bearish phase if we look at the last two months after experiencing a sideways phase which finally gave indications for the increase that is now really happening, we can see now bitcoin is forming new support in this October which is higher than support last month. According to what I see, there is already a pretty good confirmation that shows an indication that the price will go back up in the near future, and according to my prediction the bullish will continue until it at least touches the highest resistance in the last month, namely $28,580.

It seems to be pretty neutral at the moment. But everyone seems to  think that the halving next year will trigger a massive bull rally, and this confuses me.
If everyone already knows about the halving, the wouldn't it be baked in? I seem to be the only one that thinks it ain't gonna make a difference in the price

Ok, I got it that, the BTC price is declining because traders are decreasing, Is that what you are trying to imply here? But what I think is, that we should not use 5 years old trading data/stats to predict the reasons for the current market price. Well, you can use the current data, but to be honest, I don't think that's a good thing to predict the BTC price, because it not only depends on the demand and supply factor, but only 99%. (Some might not agree with me). What I am confused about here is, if the trading activity is decreasing, but holding activity is increasing so much, is that still an indicator to influence on the BTC price?

Well, D&S does have a great impact, and daily trading, makes the price of BTC very volatile, but when a huge buying pressure comes, the market takes big pumps, and most of the time, the market (BTC) takes huge pumps due to some good news.
So, you are saying the trading activity decreasing but future trading is increasing! I mean really. Well, first, I would like to see the source from where you took the stats.
We are in a bearish market, and there is no doubt about it, or you can see we are in the accumulation phase and we should take benefit of it to fill our bags with BTC or other tokens (diversification).

I get your point mate and it makes sense this is how I paint it. before a price can be considered flat what was the market prior to that. Let's say Bitcoin start rising to $40 we would say that the bull market is on and let's say at the market fluctuate around $35k-$45k the market is still maintaining if the resistance breaks lower I think it can be considered a bear market trend and is the resistance breaks high then the bull run may have just kicked off again

Exactly, a run, either it is bull, or bearish, it does not mean, the price of BTC is increased or decreased, but it means a bull zone or a timeline has begun in which the price of BTC will make ATH, or tests out, all of its resistances and the bearish zone is a timeline in which the price tests out its all supports. In other words, in the bearish zone, we will see a decline and in the bull zone, we will see an increment in the price of BTC.

And if we study the bull and bear zone with respect to the Halving, then after halving bull run starts, and after a bull run, the bearish run starts and then halving again. So according to this knowledge, we can say that we are currently in a bearish zone and going toward a bull run after the halving.

You really set some perimeters for you, are they like universal or your personal ones? If they are universal then I think I can also use them, but to my knowledge, I have already said what is bearish run and bullish run and how I interpret them.

I am replying this topic based on your title..
And if may answer you directly, looking from history how bitcoin started from fractions of dollars we can boldly say that bitcoin is on the bull trend, to me bear can be when the price is below the launched price, actually why people calls it bear is that if they ventured the market at $29k and slightly the market went back to $20k or below the mentioned Price these sets of people can say is in bear run because they are experiencing upto 30 to 40 percent lost. While those who succeeded venturing the market at $2k to $10k can still have confidence that the market isn't bad on their sides hence can say is at bull run. So we can call it bear or bull depending on our entry points.

How you identify the market whether it is bearish or bullish depends on when will you compare it from.
This is why there's no concrete definition as to when we classify a bearish or bullish season.
For some, we are in the bearish season as we are below $30k level and it was way more than half of the BTC's ATH.
However, if you will compare it with the first 5 years of btc, you can say that we are absolutely still in the bullish period.
So yes, how you label the trend of this market depends on when you want to based it with, what time period you want to refer to.

If you compare the price in the last 3 months, obviously we are in bearish state, but not that bearish, we hit $30k in July and now its $26k, a $4k low difference is not that bad, which cannot be considered neither as bear or even bull.

Hard to say for certain especially during these times. For one we're not yet at a period in time where bitcoin's supposed to be on the bullish or the bearish trend. There's no reason for it to fall under these two categories since the halving is not here yet, and there are no news/issues that have surfaced which will affect the disposition of the people towards bitcoin. With that being said I can say for sure that in the coming months up to a year after the halving, we'll see some awesome stuff going about, possibly a new ATH, etc. etc.

We'll just have to play the waiting game at this point and eagerly work towards building our portfolio, months from now this could be the cheapest that bitcoin could go so we better get ready just in case.

Actually judging from the ATH we can say the market is in bear because those who ventured the market at a higher entry point can say they on bearish season. Who knows the bitcoin could go this low after hitting about $70k as ATH then people were basically thinking the next target could be $100k which made them ran into bitcoin without thinking after bull run always experience some certain dump in the market whereby those who bought ATH are the people to likely fell victim.

I believe that currently it is still in a neutral position which has a good opportunity to accumulate BTC. Many also say that we are still in a bearish market because we have not been able to penetrate the price of $32K (strong resistance). And some analysts say through technical analysis that the price is able to visit the $17K - $20K area before the halving occurs. Apart from all that, I believe in BTC, and I will make a purchase at any price now as long as the BTC price is discounted.

Will Uptober Uptober today? Lots of volatility favouring possible start of Uptober? Hit 26933 with ease and coming back. Projecting 55k today and 80k this week

I cannot deny that your data points show a concerning picture of Bitcoin's trading volume. We need to consider a few factors before embracing the decreased trading activity narrative, right?

The environment of Bitcoin and cryptocurrency trading has changed swiftly, especially with more user-friendly platforms and alternative investment channels. From my perspective? - I wouldnt use trade activity alone to assess Bitcoin's health. Traditional trading platforms may be declining while decentralised ones are rising. Per se, its activity redistribution.

Your sentiment-driven price view is common. Clearly, emotions drive the market. Its also crucial to illuminate intrinsic value propositions, utility, and adoptions. Bigger companies are integrating Bitcoin into their operations, and it goes beyond trading. Its multifarious utility cannot be overlooked. Cryptocurrency has always had dramatic price manipulation and waiting periods. Patience and caution have led to success in the past.

I believe its Uptober time. Will be Bullish all week. Hitting 27034 was not a fluke its an indication of strong interest favouring an upward trend

Can hit 40k today

I expect that we will see a longer sideways trend. The current macro situation is not too promising. A lot of unrest in the world and the extremely tense financial market do not make the situation any better. As long as these conditions do not change for the better, we will see another sideways trend. If there is a recession, I see the BTC price going even a little lower than the current price. Time will tell.

I cant give any wordic on it but I can express the current zone possibility we are in late accumulation and early Bull zone, However, the price action is not the only one to decide the market zone, Here in Bitcoin market sentiments and Onchain data can easily elaborate the Zone for you.

I'm assuming OP that market valuation will be ina action in the middle fo November, it can behave aggressively due to some possible developments in near future.


What are you talking about.. market dont behave in such order, not even in volatile mode because there some limit order.. Resitnaces.

Perhaps this data might be good to see so that we can have a idea on whether we are in bull run or bearish trend,

https://www.talkimg.com/images/2023/10/15/RjODc.png

https://www.coinglass.com/today

So the last pre-halving year, 2019, seems to to be bearish and it could be comparable to the current year as obviously in 2024 we will be having the block halving. The current price movement seems to be on the sideways, meaning there's no movement at all from a big surge in Q1 and Q2. So for some this could be considered as bearish already. But overall though, after the lowest low last year, we have recovered at least and yes, just continue to accumulate with any methods that fits you.

I don't think this is an appropriate question right now. Because Bitcoin has been very stable lately. If you observe this year's chart, you will find how stable Bitcoin has been this year. I can't find any trend for the bitcoin price. It's hard to predict when Bitcoin will calm down. On the other hand, there is still no good news to consider the bull trend for Bitcoin. Also, there is not much bad news to consider in the bear market. So it's time to consider Bitcoin a stable trend.

Currently, Bitcoin's price seems to be in the middle. This is not the bottom of the earish era. Because after all, there has been a process of quite significant price increases since the bearish era reached the bottom price. However, it cannot be categorized as a bullish era even though it has experienced an increase, because after all, we have not yet reached the Bitcoin halving and we are still far below the highest price of the bullish era last season.

So we could say, actually we are still in the bearish phase, but we have started to move up the trend towards the bullish era. I don't know what the term is, but I myself believe that there is a phase, regardless of manipulation or not. But this is part of the cycle.

Whatever it is, we all know that eventually bitcoin will still end up with a bullish price. That is why we never get easily discouraged with its price fluctuations because at the end of the day, bitcoin will always settle with a new ATH. That’s how powerful bitcoin is, that even if the market seems bearish at times, but we all know that opportunities start with a bearish price. And here comes the bullish trend, the perfect time to reward ourselves from those opportunities we grab while the market is bearish.

If I look now at the actual live footage that is happening in the crypto market based on the Bitcoin price movement, as you can see in the picture below, using the time frame of 1 day, it is clear that we are currently in an uptrend period or bullish.


https://i.ibb.co/7gj0MWf/bullish-trend.png (https://imgbb.com/)

But that doesn't mean it's not good to do DCA, as most of these times do. Of course, it's still good to do DCA, and don't stop using these tools to save Bitcoin and other crypto assets for future Bitcoin halving or bull runs.

    Bullish or bearish, the important thing is that we take advantage of being able to accumulate cryptos that we want to have at the right time and during the bull run. We ask questions like that when you don't have any assets in cryptocurrency, so it turns out in the end that there is no point in our asking.

   I've noticed many people like that; they just ask, but they don't take any steps for themselves. That's why I ask you: do you have any holdings that are being saved now? Because if your answer is that you are saving, then you should first take action for your own Bitcoin or cryptocurrency savings. No offense to what I'm saying. Good morning

In a speculative market, everything is possible to get of hold Bitcoin's price and drive it with whatever factor that we're thinking.
Yes, sentiments are into this market and price of it could have been driven by it depending on the motion that it gets and how intense the sentiments are.
It's like the news before like pre 2016 halving when a lot of news came out and affects the market so quickly.

I'd say we're out of the bear market already, but I don't see a manipulation on what's happening currently in the market. Do you still believe in market manipulation OP? In some altcoins, whales have the power to manipulate the price because of it's low volume, but to manipulate the price of Bitcoin? It's 2023 already, and do you still believe that whales can manipulate the price of Bitcoin knowing how much it's market cap is currently?

Right now, I would say that we are in the accumulation phase. We are out of the bear market already IMO, and now we are in a moment where investors are starting accumulate Bitcoin bit by bit in preparation for the upcoming bull run. When it will happen? I don't know, but I believe it will happen 2nd half of 2024, or maybe at the start of 2025.

Bull or bear, I guess it doesn't matter as long as you have a strategy in both scenarios. Having a strategy or plan during either a bull market, or bear market will help you gain profits one way or another, but to answer you, I would say neither of the 2.

You are right. Everyone has their own approach in anticipating a potential Bitcoin surge in the near future. We may be able to gain profits during correction periods where prices fluctuate up and down. But, for talented traders leverage is also a mainstay which has the potential to open short trades to gain profits because the price is in the range to increase profits.

Now, for market price dynamics, apart from geopolitical factors, bad news or other things often contribute to price fluctuations and one more thing. Hackers are also a big problem in Bitcoin exchanges because they can be transferred anonymously.

This is not the first bearish market we have experienced from crypto market, and it will not going to be the last bearish market because there will always a bullish market and bearish market which always give investors opportunity to buy and sell in the market. I don't think, investors will be discourage with the bearish market, because it will not live forever in the market, which many potential investors are aware the way bullish market work to allow those that invested in the past to use bullish season to make a good profits. If you have not purchase your Bitcoin in this season, I will advise you to use this opportunity to buy and hold because we are still in the bearish season, and the bullish season is very close to the market.

The current state of the Bitcoin market can be summarized in one or two sentences.
Everyone is waiting for the bull market, but nobody is buying, because they are waiting for the price to drop even further, before the bull run comes. This might sound ridiculous, but it's true. BTC trading volumes have dropped down, because the army of Bitcoin HODLers have increased and the army of Bitcoin day traders have decreased in size. On the other hand, the lack of big trading volume and liquidity on the market is what stops the bull run from coming. Everyone is waiting for the bull run, but the bull run isn't coming because nobody is buying. ;D Sometimes Bitcoin/crypto can be really absurd.

Yes! I once saw someone posting how spot traders didn't make a move when he was sharing his volume data and that until there is enough volume then we might move to the upside. Looking at my chat this morning I saw that Bitcoin has been gradually moving up bit by bit although I got it at the range of 26k with the strategy I mentioned in my post. Maybe when it gets to 28k then I sell..

Ps: I have some I am holding. I need to diversify to have more dollars on me

I think that the overall trend is bullish, but only if we choose long-term hodling. As for short-term, there wont be significant bullruns, and the market can even become bearish for some time. The same thing we can observe in adoption level: there is a possibility of moderate rise in adoption level, but there wont be a high rise in adoption level.

I consider the current bitcoin trend BULLISH! Although it has not broken out of the $30k mark i strongly feel that the current purchase of bitcoin and withdrawal to non-custodial wallets have proven that people are reducing the bitcoin currently in supply and that will lead to scarcity in a short while which will in turn translate to price appreciation (bullish). However, I do not consider same for the altcoins as bitcoin dominance is gradually increasing more and more.

We might see a retest to the $26k levels but it doesn't change the trend bitcoin is about to travel. Lets all keep fingers crossed, when the ETFs are approved, I am sure the bullish season will have officially started.

Neutral? What do you mean?  ???
As far as I know, we only have 3 conditions related to the trend of Bitcoin on the market. They are bearish, bullish, and sideways.
I never know the term of 'neutral'.

What wrong with the people's hope?
It makes sense if the Bitcoin halving can trigger the significant increase of Bitcoin price. When the supply is lower than the demand, there should be an increase of the price. It is also proven for few years that there were always a big increase after the halving.

It is more bearish right now, because more persons are HODLing in respect to the halving expected to soon happen next year 2024.
I don't think I have really experienced or made a significant profit from the bullish seasons so far this year, because it is often short lived.
With other altcoins bearing a competitive edge in profit margin, the ETF projects sounds just about right in cementing Bitcoin's top spot and may likely effect a turn of tide in the market trends, before the halving even begins.

According to my study, we are currently in a bullish trend, but it is not the traditional bull market that we have seen in the past. When we look at the chart in the weekly time frame, we can see that it is making higher highs and lower lows and breaking swing points to the upside, indicating that the trend is bullish. This suggests that buyers have been in control in this case. If you're looking for a bull run similar to what happened in 2021, which resulted in a significant increase in price, it's unlikely to happen now. We don't know when it will happen, but I'm sure many are looking forward to the halving.

I think we should not look for trends because anything can happen in this market at any time. It will reveal itself when the bull run comes. I know we're not in bull season right now, but I'm not sure if we're in bear season either. That's why, as I said, we should try to accumulate Bitcoin instead of looking for trends.

A person who believes in Bitcoin should not be influenced by any speculation. There are always speculations in this market, but I think it could be a mistake to be influenced by these speculations and make decisions regarding our investment.

It's like that there's not that much action, we tend to say that it's like stabilized rather than neutral but that's pretty much what he's saying.

I don't think that's a sign of bearish when everyone is holding. But I understand why everyone is doing that because even me, I'm also holding. The price has bumped to $30k just this day and many will conclude that we're already on a bullish trend. I'd say that we have to wait for more confirmations as these skyrockets are pretty normal for Bitcoin, right? And it's likeable if it stays on this price before the halving comes but as volatile as it may seem, some dumps could come at any time or more of corrections.

Seems the market trend on pre halving time still bearish with many time of market got correction, based on your data looks bearish more dominance than bullish exactly last time Bitcoin raised above $30k last several months ago and until today still drop under $30k. Last rumored SEC approving ETF have little good news with bitcoin on the bullish moment until raised up from $28k suddenly success touch on $30k without few minutes can't endure.

Accumulate is best ideas have to do right now during bearish moment we have opportunity keep investing and accumulate how much possibility until bullish moment will arrive later.

As long as Bitcoin is still below MA200, I think Bitcoin is still in a bearish trend. There's not much to do other than buy more BTC and Hold. Wait patiently until the BTC price is above MA200 and we will switch to a bullish trend. And usually before the halving there will be a fairly deep price decline before rebounding and turning bullish. However, this also cannot be used as a benchmark because current conditions and conditions before last year's halving are also different, history may repeat itself, but if factors and conditions are different then the price journey this time will also be slightly different from previous history.

Overall I'm very confident to say that Bitcoin is bullish. There's no doubt about that. Senators, congressmen, department secretaries, even presidents are talking about Bitcoin. International companies are interested about Bitcoin. Some are even accepting Bitcoin as payments. How can we not be bullish about Bitcoin?

In the shorter time frame, I think Bitcoin has yet to enter the bullish season. It will come later on, most probably after the halving. But then if a Bitcoin spot ETF is approved in the US before the halving, then I think the bullish season will come earlier.

In my opinion we are out of the bear market but for sure it's not bull yet, I see this more like a neutral/accumulation phase with the price going up and down between $23-24k and $30k. If we were in bear market it would slowly going down and down, and I think we reached the bottom when FTX went bankrupt last November. I expect to see a few more dumps anyway.

I think like that. Not bear because the worst is over and we are in a kind of sideways, and not bull still because we are not clearly going up. Besides I would call bull run proper when we pass the previous ATH of $69K, after the halving. In the meantime, it is a good time to keep accumulating. There will be a day when we wish we had bought more under $100K.

With Bitcoin's current condition, it is still in a sideways period, but there are signs that it is now at the end of a bear market and we are just waiting for it to rise. I wonder if the price will start to increase to a certain limit in a few months, for example, $ 35k- $ 40k.

After that, the price may be stable while waiting for the halving time to arrive. Then, the price will rise slowly until it reaches its final ATH. And here, the price may look sideways like now and the market looks sluggish. But then the market can increase suddenly and gain its long rally.

If the scenario were like that, we would be happy. We will continue to collect more Bitcoins.

Overall, Bitcoin is bullish and we can easily see this fact with Bitcoin yearly candles (https://charts.bitbo.io/yearly-candles/). Most of candles are green and more important, yearly low prices increase with time. People often talk about new all time highs but they don't know the more importance is new yearly-low highs.

It can be a strange term but with new highs of Yearly low price, we actually see very good growth of Bitcoin price year by year even it is its yearly low price in worst time of each year.

Also in long term, it is very bullish. The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) with many insights for long term investors.

The most common state is a ranging market, which happens when the price does not present a strong trend in either direction, which is exactly what we are seeing now, and even if the price of bitcoin has presented a positive movement during the past days this is nowhere near enough to say a bull market has finally arrived.

And while many investors dislike a ranging market as the chances of making a lot of money are not very good while we are in it, this is the perfect time to accumulate some more coins at a good price and wait for the bull run to finally appear.

I think this is a more conservative way to put it to avoid drawing wrong conclusions. The recent rise in price is not enough confirmation for a bullish market because knowing how Bitcoin moves, it is possible that the bullish move of a week can be eaten up in a day if the bears take charge of the market. Therefore, just like you pointed out, it is better to wait until the 200 moving average is broken before we conclude.

Everyone really needs to wait a little longer to see where the price of Bitcoin will go after the increase that has occurred in recent days, because as you said, it is also not wrong that an increase in a week can also be lost in one day if a bigger decrease can still occur in Bitcoin in the market. So everyone needs to wait some time to see how the market conditions are in order to make more precise conclusions about the increase that has occurred in the last few days in Bitcoin this month.

Let's analyze it one after the other, currently now we are in dip season, but the market is pumping and we are moving towards an exit to this if we consider from where bitcoin has started to fall continuously till we are here today, we should also know that the bullrun is not yet started, we are only having a gradual experience in approaching it, now to your question OP, we can conclude by saying we are on a bull market presently sice the market is fast rising.

Like now we will say bitcoin price is still in bearish because we have not see anything concerning bullrun because the price of bitcoin is fluctuating, which I know that it have never reached to forty thousand, when bitcoin price backed thirty thousand its when we will know if the price of bitcoin is really increasing or not, its in between bearish and bullrun the way I seen the price of bitcoin right now, so we not conclude that bitcoin price is on bearish neither bullrun..but the way we are seeing the movement of bitcoin it seems that next year bitcoin shall experience bullrun.

Bitcoin is moving sideways, which is considered more bearish than bullish. The bear market is almost over and from here every correction is being pulled up quickly by investors. Its like investors are waiting for the correction and they are buying the dip as soon as possible whenever it happens. We can not say the market is bullish right now but sentiment is bullish in the long term.

The uptober trend in Bitcoin was reflected in the markets in the first week of October. Bitcoin, which rose above 28.400 $ in the first week of the month and had a good weekly debut, started the second week with declines. Bitcoin's price fell below 28k $. Now the third week is over and Bitcoin is trying to break the 30k $ band and become permanent. I expect Bitcoin to stay above 30k $ for the month of October.

The main agenda of Bitcoin and cryptocurrency markets in general is determined by the road map of the US central bank on the macro ground, the moves of the US Securities and Exchange Commission and three ongoing lawsuits in the US. Now, negative developments in the Middle East have been added to these developments. I think that Bitcoin will maintain the historical trend throughout October and show a positive recovery. We are heading up and we will see a rising Bitcoin on average until the halving. All of this is my personal opinion and not investment advice.

I don't think it is still in bullish mode, because many things can happen, the rally it had is very big compared to what they were expecting, but I don't think things will stay there, what I think is that in the end This year the price could easily be $40k , I don't see any other option, if they continue like this and everything goes well, I don't think that Istael's war with Gaza will have a negative effect, other things may happen, I don't know. They rule out, but this is the ideal time to wait and those who can buy, so don't hesitate, I am very positive with the price of bitcoin and Anything can happen , this can Generate many more possibilities of being with a better Perspective.

Hmm, buddy, I think we all do consider this fact that anything can happen but according to the Op He just wants to speculate on the market trend/zone, for which I think it's not a big deal, Obviously, we are in the bullish Zone / Bull run.

The market is surging up ignoring some major sentimental developments, the narrative is strong behind the scenes, even though we are still in the tight lock of the $30k to $25k range but the market is continuously testing the patience and resistance. If the market moves with the same swing and breakthrough the $32k we can easily say that the year ending won't be disappointing.

There's an exceptional scenario as well where the market will continue to move in the same range of $30k to $25k with some negative developments, more likely 50 50 scenario. It might get impacted by Palestine vs Israel in the coming days but for now, enjoy the Greenry and pray for Palestinians.

Recently, we are in a rising trend which makes us think that we are moving close to its bullish season once again. Some people say this is because of ETF news while some think it is just normal. Well, whatever the reason for the current price increase of Bitcoin this eventually happens no matter what.
As we are surpassing $30,000 again, people have already in their minds for the price to keep growing until halving. Many speculation arises that bull season started before halving but still, we're not sure where we going after the current situation.

Sideways is the best description for the current trend, though we are near for a more uptrend most probably we are just waiting for the resistance to break and waiting for Bitcoin to stabilize above $30k level again. We should wait and see in the last two Months of the year, I’d hope that we can have a good price to end the year because right now we are still far from a bullish trend, though we are getting there slowly but surely.

I don't know why so many people are saying the bullishness is starting, aren't ups and downs like this commonplace? In fact, the price reaction in previous years was even wilder, where a 10 percent increase was followed by a 20 percent price decrease?
For traders maybe this is an opportunity, but for investors this increase is nothing, they are definitely waiting for even higher prices (which is new ATH/a few years longer)

MA200 is a benchmark that is often used as a benchmark as the start of a trend or a marker of a trend.

Bitcoin doesn't need any trend because it has two different seasons that are both crucial for bitcoin to survive in the market. And while bearish season can be crucial because it brings opportunities to the people to enter the market, bullish season is crucial as well as it offers the people the best time to seize the profits from their bitcoin investments. And regardless if the market is bullish or bearish at the moment, that is not important at all because we all know how this bitcoin market will look like months or year from now most especially that bitcoin halving is nearly approaching.

The most important here is never be triggered by any market crash as bitcoin will certainly recover in time. There's no problem seeing bitcoin price dropping if that could create opportunities for bitcoin to soar its price higher from its previous price.

At the moment it's neither in a Bullish or Bearish Trend as the current gains we seeing from Bitcoin are a false positive that was caused by a rumour of the Bitcoin spot ETF being approved, but seems we still going with the flow as markets haven't backed down from this temporary momentum...but sooner or later I expect price to consolidate and reflect the real price of BTC. So if  you plan to buy try buy at a discounted price not a premium as price will retract before going up again.

I would say its a bit of everything, though the manipulation stands out as this is what has lead to the bullishness after the fake news  ::) but it's good to see what to expect on e the approval comes in.

Well, I believe that both things can Happen, or it is a bearish or Bullish trend, but at $30k it seems like a consolidation or a stage where the price is sideways, it can happen, I'm not sure, but seeing that the different ones can happen type of scenarios that I can upload that would make me very happy, although I want to accumulate much more in satoshis , because for me it is what will be more Popular in the future, a small part of bitcoin is what makes us what can make the difference, For this reason, more trust can now be generated in bitcoin, we are sure that bitcoin is already Taking on the importance that it should have Given since 2009.

I agree with you. Though I got my dual investment ready to leverage the opportunity. We just hope this manipulation in Bitcoin will come to a minimal

BTC has a positive trend on many time frames, you can tell when we start to have multiple alignments across time frames because we get positive action and spikes like has been occuring recently.  The simpliest way to view general positivity or not is the moving averages.  Both 200 day and 200 week are positive, it doesnt mean we cannot sell off but the general trend is towards accumulation or positive price ascent on the chart, we are still challenged in 2023 imo;  Im not expecting take off just yet but repeatedly we had demonstration of positive BTC.

I also agree. I think if we didn't have that etf news Bitcoin would be still around 25k - 28k corridor. It created some real demand after so many months of bear domination. I suppose this is actually good cause Bitcoin holders and buyers are probably getting impatient now and gambling towards price moving upwards. Even if price declines in coming months there will be guarenteed resistance in my opinion. I wish I could buy more at low prices.

After a week mate , maybe I can say we are in Bullish trend now https://coinmarketcap.com/ seeing almost every coin in Coinmarketcapitalization are greening and there are still having good increase for the whole day now.
and still in the increasing level.

https://coinmarketcap.com/currencies/bitcoin/ bitcoin at 34,169 USD till now and kicking green? wondering any time soon that 35k is on the track and we cannot deny the effect of 4th quarter since then.
I will wait to see this 35k and up till weekend comes.

As of the moment, we're kind of in a bullish trend due to the recent $IBTC listing in the DTCC. It briefly disappeared due to an internal error that caused a bit of a little pullback but eventually it reappeared and continued as normal.

Right now it's at $34.1k as of this time of writing. It looks like the market kinda stabilized a bit for days since the initial price jump as we see a strong support level by the bulls to keep up the pace.

But I am not sure if this is a bull trap that would just influence others to buy at this price before anticipating the next big move. It is now crucial that the bulls must do whatever it takes to maintain the support level and trying to break the current resistance.

It did touched $35k back then but let's just hope that it would revisit that price again and may go up even more slowly but surely.

You may have the opportunity to do so if you wait long enough, it is likely the current price increase comes from investors taking the risk of investing in bitcoin thinking an ETF is going to be approved, and they wanted to take a position early in order to take advantage of the possible increase in the price it may happen if they are correct.

However if this does not happen then those investors may get desperate and they will begin to sell their coins, driving the price down and giving those investors that want to take a long term position on bitcoin the opportunity to do it at a good price.

You can't just be on the middle, that's cheating although I can understand why a lot are indecisive that bitcoin right now are in the bullish or in the bearish trend since there's volatility involved. Regarding accumulation of more satoshis, I hope you don't do it in one go, you might regret buying in one go because there's a possibility that the price will stabilize and go down for awhile which can toy with your emotions and make you do a bad decision like selling at a lower price point just so you can prevent more losses. For me though, I think it's a bullish trend because there's no significant news or stories that are pessimistic about the rise in prices and October up to December got a pretty good record of price increase for bitcoin over the years.

Yes, we are still at the dip because we haven't go out yet beyond $31k, so I won't say that the market is pumping. What we only feel these past days are just a slight recovery. I think this is due to the rumored ETF that is expected to be approved by the SEC. If this was finally passed then maybe it can still be a gateway for something huge or like you said, it this lead us to finally exist this bear market.

I really hope so because man this bear lasted for almost 2 years now I think but I'm sure we are going to get out of it next year. So for now, just make sure you guys already have stacked enough coins to enjoy the bull run really well. You've been warned ;).

                                   You have got a best decision having dual investment to be ready in leveraging , and also this manipulation seems to be ending(if truly happening) but do you really think there is something that looks manipulating in our price now?

                                    and Also if this is manipulation then I am thankful because I already earned something from my investment that happened because of this growth , 20% isn't than small for me to be thankful.

                                but from your perspective , if I am to Buy low sell High , is this the time to sell now? before I buy back again in January or February next year.

Bitcoin still hasn't gone out yet beyond $31k? I think you should check the market again because as I just checked, we are still above $34k even though the market seems to be correcting after a few days of strong price increases.

We're not really in a bull market yet, but in my view, we're in a pre-bull market and I don't think we're going to have another big pullback. According to the 4-year cycle, bear season is not over yet, but we have reached the bottom of this bear season, so there is nothing to worry about anymore. The market will still be volatile until the bull season really arrives but it won't be too scary anymore.

Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.

Maybe not many people think that this price increase is manipulation, because in general people think that this price increase is due to the effect of good news so that more people are tempted to enter the market to take profits after they bought at a lower price previously. And I also don't think that this increase is part of market manipulation or whatever you want to call it.

That is a big enough thing for you to be grateful for because the 20% amount is quite a large amount and is very worthy of you to be grateful for. But you also have to consider other things after being grateful for the profit because the next increase in Bitcoin is still very likely to occur next year so don't forget to invest again in Bitcoin after taking the profit.

ETF has nothing to do with the current pump as the price just pumps because people are buying more rather than selling.
As the halving is coming, we can expect people have been accumulating more as they're taking advantage of the situation believing that after this it will be the bull season. With the current pump, we can think that this is a sign of bull season just like what happened in the past years. But yes, it was too early to say that we're on the way, however, we're too optimistic that we are heading in that direction than thinking about bearish again.

I agree that bull is happening because bull is happening, not because of any news or anything like that. I think it should be quite important to realize that hype creates hype in the market and that's what this was all about. I understand not everyone could see the same thing but I believe that ETF had nothing to do with this and that's why we shouldn't really be expecting much from the market to react to news.

Maybe the very first start was like that, but that was when the price was under 30k, we have peaked at around 35k and that should be basically enough proof that we didn't went up because of the ETF news, that one turned out fake anyway. When the price goes up, that causes some people to buy and that makes it go up even more, and buying results with more buying and just goes up a lot like now. That's what has happened and I am guessing that that will keep on being the case for a long time as well, can't really say anything else is required to see it higher.

We do not know if this is the case, if the bitcoin is in an upward trend, the articles, the videos they make have not said what could happen, we have the basis that many predictors say that the bitcoin can reach XX price, we do not know , I have not found an analyst who is completely good, who knows everything so that he can do something credible, everyone gives their point of view, according to what I saw in a video he said that the best information about this is in the volume, Those who read the volume best can predict accurately, but that's something I don't know, I think I don't have enough knowledge and it seems difficult to me, that's why I see articles, videos, opinions from other people and analysts.

Are you sure? ETF doesnt have an effect? Then how you would be able to explain out these things?

Bitcoin buoyed by BlackRock ETF news
[url=https://cointelegraph.com/news/blackrock-spot-bitcoin-etf-nasdaq-clearing-firm]BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst (https://www.bangkokpost.com/business/general/2671469/bitcoin-buoyed-by-blackrock-etf-news)
Bitcoin’s Wild Ride: BlackRock’s ETF Delisting and Relisting on DTCC Stirs Hysteria (https://cryptopotato.com/bitcoins-wild-ride-blackrocks-etf-delisting-and-relisting-on-dtcc-stirs-hysteria/)

Im not saying that fundamentals does work everytime but it is really that hard to ignore that these news do really make out that significant effect
specially into the recent movement that we do have in Bitcoin. We arent that blind not to see on how it does really affect the entire crypto space specially with Bitcoin.
We are moving on greens but of course we shouldnt really be making ourselves that confident.

Yeah, it seems that we have maintained this bullish sentiments, this could be the first time in many years, like if we take into account this

https://cointelegraph.com/news/clarification-sharing-false-spot-bitcoin-etf-news
https://cryptoslate.com/bitcoin-retracts-and-rebounds-after-blackrocks-new-etf-ticker-removed-from-dtcc-website/

And still though, even if this is very positive news initially in the market, and then as it was obviously a fake news, the market continue to soar or at least maintain the price above $30k, and it seems that we are going to maintained that $34k'ish at the end of the month. As it turns out, it become a bullish sentiments and no one cares if the news is fake.

My perspective of the crypto market has begun to change over the past few days I have seen bitcoin increase a whole lot from a price of 28k to 35k in a few days. I no longer see the market keeping on the bearish side again instead on its way to the bull market soon.

With the recent increase happening towards bitcoin, I can start by saying that the bearish market is beginning to fade away as we are pushing through the bull run gradually. In days to come, we will enter the month of November, and historically in November, bitcoin tends to go higher in price in preparation for the halving season. The halving is in months to come and the year is almost over, we can end the year with the price $35k-$40k price of bitcoin

That's how we see things here, we are really in a bullish state right now. I guess it's time for us to see some movement as we have been in the boring sideways for at least at the start of April this year. Now, it's very different movement, and this month alone as you have pointed out, it has a big increased from $28k-$35k and it seems that the price continue to increased.


The halving might have something to do with it. Investors are preparing for it and less than six months from now, everyone is accumulating as much as they can at this price which is still very cheap and at a discount. And at the end of the year, we might be looking around $50k.

Bitcoin really gave us a surprise with its rapid growth, but at the same time it is difficult to know if this growth will continue, I say this because right now the price of bitcoin is roughly half of the previous all time high, and taking into account the halving has not even take place that seems like a very high price already.

So to think its growth will continue seems a little bit difficult to accept, unless we were to see yet another correction previous to the halving.

In the grand scheme of things, Bitcoin has hit the ground running for the next bull market and I believe that we are not going back from here. The momentum that we need to get the price back up to its previous ATH is gradually coming back and we have started to see Bitcoin increase in its volatility than what we had it few months back with little stability in the price. I'm more bullish than I have been in months back.

Well, There are a lot of different theories out there about what is happening in the Bitcoin market right now. Some people believe that we are in a bear market, while some think it's just a temporary dip. And some others also believe that there's manipulation going on behind the scenes. So, to answer your question about whether we are in a bear market, I think we need to look at the facts. Of course, the price of Bitcoin has been volatile recently but, there are a number of factors that suggest we may not be in a bear market. For example, institutional interest in Bitcoin is growing and there are a number of positive developments happening in the industry. Although, it's impossible to know for sure but the data doesn't necessarily point to a bear market.

However, some people might look at the recent price increases as a sign that we are in a bull market but it's also possible that it's just a temporary rally and the price could fall again. There's no way to know for sure and we are all hoping on the possibility. The important thing is that Bitcoin hash rate has actually been steadily increasing in recent months and this means that people are still interested in the technology.

We can say that we are in the pre-bullish phase but if you think that we will only go up from here and there will be no decline then that is not entirely certain. I mean bitcoin probably won't see a drop below $20k, but a retest of bitcoin below $30k is entirely possible. Don't get too excited and too subjective just because of bitcoin's growth in the past 2 weeks. My prediction is different from your prediction, I believe we will still have adjustments before and after the halving but it will not be too bad, the worst is over.

It did break 35k and stays there for a while now , but this is just the beginning of the expectation , if this 35k starts the growth and road to 40k then bette, but if in the next coming days we fell back to 20k level then this is trap and the beginning of the fall before the bull comes next year.

yeah this is also what I wanna believe that we will not fall at least below 20k , I also hope that 30k is the maintaining price till next year.

Maybe today i can completely say we are in Bull market/trend , this is how the market showing now https://coinmarketcap.com/currencies/bitcoin/ , how much Bitcoin  increase since last week? from 27k now to 35k and still climbing?

don't know if thios is not enough for you to call as Bull trend but if not then how much can we classify  bitcoin bulltrending? if the price doubled or trippled?
maybe it is differ from my belief because for me having more than 20% of increase and continuously climbing is a bull trending already .

There is no difficulty in knowing about its growth because we can check about history that in some months there is decrease in price but as these months passed the value of bitcoin eventually and steadily recover back. The price was reached to 69k$ in past but then it went downward again but people did not loss their hopes and we are again seeing that how smoothly it goes towards such better worth.




According to my opinion the price will move higher till April of next year because in April it is estimated that due to halving the price will remain increase. I think prediction about halving are becoming true therefore keep check on price it will surely cross the value of 40k$ in upcoming months. No body is too late and still there is a chance to buy bitcoin at affordable price  because in next year you will not be able to buy bitcoin as price will move towards peak. History repeats itself after few years and its a time to get benefit from repeating history during halving occurring in 2024.

Yep, we need to look at it at the grand scheme of things, currently though, that is not the picture that we are seeing. Yes, we have seen the price going up in the last month from $28k-$35k, but it is not enough for us. It could look like that we are in a bull run, but the biggest is yet to come and that is next year after the block halving.

So what we should do? Just wait for it, have patience and continue to accumulate, simply as that. There is no secret formula to all of us but that one. Hard and grind every week do DCA and we will be good and be prepared in 2024-2025's bull run and eventual all time high.

Bitcoin has increased by 22% in the last 7 days, 28.2% in 30 days, and 70% in one year according to coingecko. Of course it has confirmed that the market is currently on a bullish trend despite price volatility along the way. I'm not sure how others judge the market to be bullish or not, but based on what we've seen then I'm just assuming that bullishness is here and underway.

More bullishness is certainly expected, but getting 70% in 1 year is something I think is good. Any investment such as gold or some other investment instruments does not seem to be able to provide that much return in one year, but in bitcoin it can be, even higher.

Nothing is certain mate, Crypto market is much as vulnerable to any issues the world has facing and will be facing ,
 the volatility keeps allowing the prices to move up and down in no time , we have seen so much from the past and still seeing many in our day now so please never assume that something good staying in same level.
while we have  a good run in the past week but we also knew this may change overnight , try not to expect so much because you may end crying in the next , be ready and keep your heads up, invest more if you can add some funds to risk, also expect sideways because it may happen(but i doubt will in the next couple of months)
ATH is recorded 2 years ago , so it may come next year on the next to it, but what ever happened I believe that this is just another way for us to trust more and invest more,Positive thinking is what we need now.

Bearish is still on ground for those that missed the opportunity few months ago to use this opportunity to be part of what is about to happen in crypto market that will make long term holders and short term holders to have access to a huge amount of income before the end of this year 2023. I believe, the price of Bitcoin is still $34,932 which is a sign that bullish market will soon appear for massive pumping to take place for those that have target of $50,000 or $60,000 to get ready to embrace such price in the market. I think, it will be difficult for the price of Bitcoin to decrease more than this current price before it will hit the ground running in a way investors will begin to experience bullish season soon.

People will often be pessimistic when they see the market fall more, but then they will become optimistic if the market rises again, which is quite normal because this is the general psychology of most investors. Only more meticulous people are always careful in everything, especially sudden price increases during the bear season.

Indeed, nothing is certain in this market, bitcoin can increase 22% in a week, then with just one news it can also decrease 22% in a day. Many people always give resistance based on technical analysis, they are not wrong but there is no guarantee that there will be no surprises.

I think we are in a 'bullish' trend. There is alot of money that is now entering the market and we are all waiting for the spot Bitcoin ETF approvals that can add $1 Trillion to the market.

MicroStrategys Chairman Michael is very 'bullish' himself. He thinks the demand for Bitcoin is 10 times. https://decrypt.co/204196/michael-saylor-unprecedented-demand-set-10x-bitcoin

As far as I know, no new cash flow has been poured into the market in recent days, there is no data reported on that. I think money will really flow into the market once the ETF is approved or after the halving. So it cannot be said that we are in a bull season, everything is just a temporary hype about the news surrounding the ETF approval and it will soon disappear. Bitcoin is still trading above $34k, but that doesn't give any guarantee that it won't drop below $30k again. It would be hasty to say that we are in bull season.

Bitcoin rise up from bearish a few days ago and now the market is on a bullish trend. Here the market is taking time for some correction but I will take this time positively. I think we will be moving towards growth throughout the month of December. If the ETF news is positive in January then we will be fully moving towards the desired bullish market. Expect this bullish movement to reach all-time high as the market has been bearish for a long time. However, since the market is uncertain and risky, the investor must consider both bearish and bullish conditions.

This happens because they don't really understand the journey of bitcoin, which makes them pessimistic when the price of bitcoin is in a prolonged correction. We have been in this cycle repeatedly and perhaps we have seen many things about how the market reaction can bring Bitcoin to a sharp decline and can also bring Bitcoin to an erratic rise beyond the expected cycle. This is what some pessimistic people don't have because they only think about quick profits and don't see the process of the journey.

The percentage increase is always uncertain and that is why bitcoin is considered quite volatile and if people do not have a good understanding then the price fluctuations can provide opportunities for them to make losses. For example, this week and we also saw a quite significant price increase even though there was a small correction in the process, that is the journey of bitcoin and it will always repeat itself as there are cycles that we often talk about.

Maybe there are, however, we all know that the market balances itself, with all the selling and buying happening 24x7 in the market.

But so far we are still very much above the threshold of $34k, meaning yeah there could be money flowing around the market and that might push the market just above the level that we are still be in the bullish phase.

And this month just started, and everyone is still very positive that we might be pushing higher at around $38k. So let's see, definitely everything here is at risk, it's up to us on how we are going to mitigate it and what is our outlook (long or short term).

Bitcoin is currently showing positive position in the market so I can actually say the bitcoin is in a bullish trend. But its never enough to say that we are actually starting to see a real bull run in the making. Of course, Im not expecting that it will happen this year but most likely the following year since  we have two exciting events that are going to take place, the supposed to be approval of btc ETF and the most awaited bitcoin halving that will bring positive changes in the market. Although we don't know what the future holds, but Im way more optimistic that they will end up with great results.

Since bitcoin is performing very well in the market, I am convinced to say that its price is certainly more bullish compared to its previous market price. And I think the fake approval of bitcoin ETH has helped it to be where its currently positioned right now. But definitely, when this ETF will be finally approved, expect that there will be more price surge for bitcoin.

However, I can't also tell that the bearish days for bitcoin are now gone. As long as the market is highly volatile, there will always be chances to see bitcoin price dropping again, but that's just to prepare us for it's new all time high adventure.

The market does seem to be strong at the moment because it is not going down that much and after every small dip, it goes higher than the previous monthly high which was $35.2k before, and now it has gone above that already. So, the whole market must be bullish at the moment except for those who are never happy and are always panicking even if the market is rising more than the amounts it's dropping because they are new in the cryptocurrency market.

I wasn't expecting this, to be honest. I thought that the market wouldn't be able to go across the resistance at $35k so quickly and would have a hard time going above that but I guess I was wrong, and the new target is $40k now and we got to see if it can hit that mark easily as well and if that happens, it will become prominent that we are already in the bull run.

When we consider the duration in which the previous dip last, the market have sustained alot of bear and maybe this is just the beginning of the new season for it to pump, we still have a long way to go because the bitcoin market all time high had been $68,000 and we are still at 34,800 which indicates we are still moving ahead gradually till we approach the next year halving, when another bull market will be experienced and bitcoin will face another new all time high.

Don't rush in assessing current market conditions even though the Bull trend also comes from small increases that continue to become big until everyone starts to be surprised when they see the market. An increase in price from $27K to a price of $35K is a very common thing for Bitcoin even though this year often seems to be very difficult for price increases, but it is a very normal thing for Bitcoin because Bitcoin is still able to increase more than that this year.

Everyone has their own percentage number in assessing something, including a bull trend in the market and Bitcoin, meaning that you yourself will not be wrong if you consider a bull trend after seeing an increase of more than 20% in Bitcoin, but I will consider a bull trend when Bitcoin has increased to close to 50% of the previous price benchmark ($25K to $50K).

It is definitely not looking like bullish at the moment looking at how it's not going up right now, but at the same time I think it is clear that we are at a point where it's doing fine, and should be proud of what it's doing at this moment, shouldn't be really worried about it. I get that life is not always all that simple to handle, but at this current moment it looks as if it's quite possibly the best we could see.

I believe that given enough time bitcoin will grow, it is not going to grow right away tomorrow, or maybe it will start there too, but I think the main understanding will be that it is going to grow after a while and could be doing a lot better. I hope that we could see a quick change but I am guessing that it will not be as quick as people think it will be, it could take months before it starts to go up but as long as it can keep going up then we should be considering that as a change of pace and could definitely help out as many people as possible.

Bitcoin is currently trending higher similar to the bull season we are seeing. Earlier last month we also saw the price of Bitcoin close to a very low point and then we thought that the Bitcoin market was not in a bull position but in a bear position. However since we are at $35000 right now we are optimistic that something better is in store for us. As we know Bitcoin price pumped to all-time highs in 2021, we can expect more from the way the market is going now. Since 2024 is the year ahead, we have plans for a massive halving, and if there is one, we will see the Bitcoin market at even higher levels. And in 2024/25 Bitcoin price will start a great bull season when the price of Bitcoin will cross almost $100,000 and it will set a new all time record for Bitcoin. As Bitcoin market candles are currently green, we can say that we are currently moving towards a bull season and Bitcoin price will gradually rise further.

Yes I do also think it is very possible we are going to see Bitcoin price of $100,000 in year 2025 maybe before that. We are seeing the price go down below $35,000 but it does not stay there.

I think $35,000 is going to be the new low price before we see big profits for when we see approval of a spot bitcoin ETF. And I think that will happen before 2024.

What I'm talking about are short and medium term observations, I don't mean long term. For example, in October when the price of bitcoin dropped, everyone thought that the October bull run did not go as predicted, and there would be no UPTOBER as history has shown us. But then at the end of October, we had a spectacular growth and people changed their opinion about bitcoin again, people became more optimistic. It can be said that people's psychology is changing with the movement of bitcoin.

What you're talking about is long term and I think everyone understands that. In the long run, if we zoom out on the bitcoin chart, we see bitcoin will only increase and increase.

Even if we consider the not so long period of bitcoin history, it is still clear that bitcoin has been in a bullish trend for almost a year. Perhaps the growth in October and the breakdown of resistance may indicate a new local growth. I think it is still early for the bears. There will be corrections, but the bearish season ended in January.

I also believe that we shouldn't get excited too early, I know that Bitcoin has shown great growth for the last few days and we have also seen it touching $35.8k once in these days but came back down very quickly. So, we can't be sure if the market is already experiencing a bullish trend or if it's just a small pump that will be followed by a dump after a short while. September ended with a blast, and now it's November's turn to show what it has got for us.

I was personally optimistic that the price would at least go above $40k before we say goodbye to 2023, and even though the market is showing great growth, I feel it won't be achieved this easily and there will probably be some hurdles in the way before it goes across $40k and takes the resistance level higher once again.

For me this is a normal thing that happens because there are no exact predictions that are always expected and maybe because several events made some people see that in October there was no significant increase in Bitcoin. But we are in a significant bull run and perhaps the resistance point will increase further, Bitcoin's performance will influence people's views and when the expected decline turns into an increase, there are other patterns that must be implemented by Bitcoin holders in the short term.

Not everyone understands Bitcoin's short-term journey because it is much more difficult to see the potential. For example, this week we see the market is much greener and no one knows that tomorrow or next week we will see the market turn red. Isn't that why Bitcoin is considered one of the best investments in the long term because it has the power to maintain value.

October is over and now everyone is in November with a pretty good price increase still going on for Bitcoin. I am also quite sure that now there are many people who have opened their eyes again to see the increase in the price of Bitcoin in the market so that it has started to spark interest in buying Bitcoin before leaving this year full of memories. Apart from that, I also assume that the bullish trend is starting to approach with signs of increasing prices and also through the increasing purchasing power of everyone in the current market.

The short-term journey in Bitcoin will be less accurate to use as a conclusion, because if you want to see the stability of the value and price in Bitcoin, I think it would be better to accumulate it in the long term. A closer example is this year, where everyone can see what Bitcoin's condition was at the beginning of January and compare it with the current condition in November. Everyone will find quite a lot of differences because in general Bitcoin is increasing in price, not decreasing even though price corrections are always present in the market.

I don't think we'll see Bitcoin in a bearish trend again before the year ends as we're heading into next year which is the year Bitcoin block reward halves an after the bull market, the time when Bitcoin was bearish has passed so we have very little time left to buy before the price starts pumping. The market has been green for some days and it's a good sign. $35,000 would likely be the support for some time untill we get full confirmation of a bullish trend due to Bitcoin halving.

The price I'm monitoring is $37,500 as I see some resistance there and if Bitcoin passes that price then we can see $40,000 before the months ends. Looking at the chart I don't see any bearish trend so I'm very confident we'll be endings the year bullish. This is the end of the year but I don't think the market will be affected as before with some individual withdrawing their profits to go spend with their friends. We'll see a bullish trend throughout the end of the year.

November will be the point of the next price increase or even the point of correction again for Bitcoin, this moment should be a step for anyone who already has the desire to invest. It is certain that people's interest in bitcoin will continue to emerge all the time and there are reasons why bitcoin should be a priority in the investment chosen. In November, I don't think there will be a significant increase and Bitcoin tends to be in the range of $32k-$30k for its lowest price and there will definitely be a small correction even though currently it is still at $34k.

There is no stable price in the course of bitcoin and at least that is what I have seen so far regarding the development of bitcoin, of course it will be difficult to ensure large profits in the short term and if capital accumulation in bitcoin is small then it will definitely be much more difficult and there will be almost no opportunities because of the market much more volatile and changes so quickly. Generally, in the long term, Bitcoin always experiences price increases and this can be seen from existing historical data. But in the short term, increases and decreases will be two things that continue to happen and will affect the psychology of people who do not have strong knowledge about investment.

Even though in the long term there are the same ups and downs as there are in the short term, people can apply a holding pattern to avoid losses caused by downturns. That's why long term is one of the best strategies that can be utilized by people who do not have strong knowledge in analyzing the market.

We do not know whether Bitcoin's recent price increase will continue. Also, I don't know if we should be too optimistic that the ETF will have the expected impact. Of course, it will have a positive impact on the market, but I am not sure if it will be as high as expected.

I don't think Bitcoin is in a bull season right now. I can call this period as the preparation period for the bull. September was a very good month for Bitcoin. I don't have a price prediction for November, but I wonder if we will see 40 thousand by the end of the year. In general, I think it is best not to be hasty about the Bitcoin price and watch the market.

I do believe that it is not a simple situation and could be considered a little different, I think it is quite important to realize that we are not going to end up with anything that would be all quite that simple to handle, and should be considered a little different if we are given the right amount of time.

I understand that we are not going to end up with a situation that would be all that easy to handle and could be considered that bitcoin could keep on growing bigger and bull run could keep going higher. I think it is quite difficult to handle because it is not a simple thing, and people keep thinking that because it has already gone up, a drop could be more possible to take a profit, but I think even higher is more possible.

It might seem too early to conclude if the bull market is here or not but base on the characteristics of the market now, it is actually a bullish market. For the noticeable period, Bitcoin moved from $26k to over $37k before retracing to $36k. A gain of over $10k dollar is a huge one. What is even very interesting is that Bitcoin have not shown any sign of dropping soon, this means the bulls are very much in charge of the market as of now.

As we reach next month, many of these things will become clearer as the market will give a clear direction where it wants to go before the end of the year.

Whenever Bitcoin would really be increasing then we would be thinking about being BULLISH!
Whenever Bitcoin would really be that decreasing then we would be thinking that we are BEARISH!

Anytime it could really changed basing up on the price that we are currently experiencing but in overall we could be able to see and notice out on whats the current market trend basing
up on the price movement. Its true that this is something that cant really be known or something that could be predicted on which it is really just that normal that we would
really be having those kind of second thoughts on making up some position just because the price is really that moving upwards and downwards.

You would really be able to avoid all of these things on the time that you would be deciding to hold for long term but if not then active trading or engagement
is something you do prefer then it is really just that normal that you should really be that wise on taking up decisions because dealing up with
this volatile market is never been that easy or simple.

Not all of them, just the big ups and downs that are worth considering. This only happens if the trend lasts more than a week and it is difficult to get a trend reversal in the near future due to fundamental factors. If the price rises within a day but falls to its original position, then it is not bullish, but if the price rises periodically and lasts for a long time then this can be considered bullish and vice versa.

Currently, I think it is bullish as the price has been rising periodically since January 2023. This has been going on for almost 11 months, so it is somewhat reasonable to call it bullish even though we are still far from the previous ATH. Today bitcoin is still trying to break through the $38k resistance, but somehow it still looks difficult even though it is only a few hundred dollars away.

Although it is difficult to know about the nature of coming halving that the price of bitcoin will be higher than previous halving or it will not touch that value again. But according to prediction coming halving will be more stronger and more profitable than all halving occurred in the past. Bitcoin price is now more than 37k$ this indicates that bitcoin is going to be a worthy asset among all other asset. There are large number of other coins too but believing and trusting them is not much easy for us. Bitcoin gain trust of people because its higher worth suggests that repetition of history is possible in case of bitcoin.

I wouldn't know what trend bitcoin is in, but it always tends to be bullish, not right now or in the short term, in the general sense, when you see the behavior of bitcoin over the years, you can see that it is bullish, there is no doubt From this, if we start to see everything they can do, it is simple, many things have to be done in order to have total evidence that things can happen in favor of the good, I could say that when we are in a downward trend, People don't see it, maybe for me if the price goes down it is an opportunity to buy, but right now with the way Bitcoin is, I think it can be taken as bullish.

Despite a decline in market values, we are still in a bullish condition at the present. I don't see a breakout that will allow it to liquidate and then rise again. To be honest, I haven't seen anything like that happen so far.

But this can happen at any time; I'm saying there is no set time when or when this can happen. As a result, if we look at its chart graph, we can see that its price has barely altered. And I believe that in December, there will be a move that will both surprise and perhaps surprise most people. It is possible.

I think whether Bitcoin is in a Bullish or Bearish trend currently hangs in the balance, with market sentiment depending on whether the latest price action represents a healthy correction or a bull run trap. The subsequent price state and ability in the support and resistance range will be very important in determining market sentiment.

I do not think it's that sensitive, I mean we are near 38k levels, even with binance news, even with sec, even with going this high and having a sell-off expectations, we are still growing. That should be a proof, just this summer we were under 30k, not so long ago we were at around 25k, it wasn't really that long ago to be fair.

So, to say that we are not sure if it is in bullish or bearish market would be unfair, it's already in bullish market. Just because it may not go up some 10k+ more, doesn't mean that it's not in bullish trend, the fact that it went from 25k to near 38k is already bullish enough we should consider that when we are calculating. That should be a great hope for the people, and to be fair for the future as well.

Recently we have seen a piece of very bearish news about the Binance owner CZ where he stepped down as the CEO and was charged with allegations of money laundering, but this negative news was not seen reflected in the bitcoin price action as the price didn't dump much and today again we see bitcoin over 38,000$.

This clearly shows that whales aren't interested in the bearish side of things and the bitcoin spot ETF and halving hypes are more than enough to keep the positive momentum of bitcoin up and running.

Of course you are right but I am associating my Concordia on this that the price of Bitcoin is determined by its investors hodles, halves and demands. What I can say here is being sentimental because the nature of the industry is demanded garbage-in and garbage-out that is the buying and selling else the coins potentials is compromised.
That is why it is difficult to fit predict the price of the Bitcoin since it is a global industrial investment, no one ever knows how many investors are opted in and how many are opted which was meant to be the systematic to give an exact prediction about Bitcoin price so then, more learned individuals who are deep soaked experienced to technicality values has come to play its part of predictions  as maybe said to be experts but yet it is being uneasy and mostly impossible to give an accurate prediction.

Bitcoin has a two categorical running which are long-term and the short-term. So those on the short-term runs would significantly insight towards the market price especially at at their affordable period as Bitcoin is a volatile digital currency so they tends to take advantage to buy in lesser price and hope for a market appreciation so they can sell out in no time as long they have made profit whole those on the long-term run does not really considers the rate of Bitcoin before they could buy to establish its investment and still won't be moved to sell out within a while on nomatter the appreciative rate in the market.

This is just why it is like some investors gets on the market my attractions of trends and the employment of their smart trading

Like You earlier stated, the market trends or possibilities is depended on investors and not about the industries technicalities so I don't think any way that the price can be manipulated with most reasons that Bitcoin is a decentralized digital currency.
If there happens that the rate value of Bitcoin is affected on both short-term and the long-term investors, then it is assumed that it is paving ways for pre-investors to embrace the market with the current price hence next a bull-run would be expected in a next gearing.

I back my response to this with the quote and I believe it is already affecting the long-term and the short-term investors.

In that regard, you were correct. Now that we are approaching and entering the bull run or halving in Bitcoin, whale investors are not paying much attention to such bearish events since they are paying more attention and planning.

This is also what the majority of communities in the crypto realm are preparing for. If there is anyone who is unaware of this circumstance, it is those who are unaware of what is now happening in the crypto business in which we live, and it is evident that we are in a positive trend.

It's a negative news, but the market was not discourage by it, as we remain strong and we are still above $37k, one of the biggest support that we have. However, we still need to observe what the market or where will it move. Sometimes when we think that it is going in this direction, suddenly the market goes on the opposite side. Meaning that is volatility for us.

However, above $35k this end of the month is not that bad, and it goes and end at $37k then it's already a big bonus. At least no more lowest low or if we look at our lows last year, we are above 100%++ already and then we are looking for the bull run next year.

If you analyze a bit about the past of the Bitcoin market, you will definitely understand where Bitcoin is currently. We have seen some change in the market after two long years where the Bitcoin market is currently at $37,000. But it was the biggest bear in the market when the market turned from a peak to a bear market and fell around $15,000. But now that has changed a lot in a span of two to three months, the trend we are seeing in the market towards the end of 2023 is really encouraging for investors. However, if the resistance is high, the market is likely to be a bull market, and if the resistance is low, it is likely to become a bear market. It is very difficult to say. But we can consider the current time and say that since a huge halving year is waiting ahead, BTC is likely to grow further. And since this halving is not too far away, the market may quickly see bulls and the Bitcoin market will go higher.

so what are we having now? is it a Bearish or Bullish? you have said about the market
sentiment so what is the sentiment in these days mate because it is given in the OP that we are being
asked so lets share what we believe is the situation and not another similar question(or almost similar).
for me we are at Bullish now and yes still going till December this year.

If the price is strong, and doing great then could we even call it a "negative" news? We could say maybe irrelevant news, like something that the market didn't care, up or down, if the price doesn't move based on a news then I do not see it as either negative or positive.

I think when the price moves, goes up after a big news (like how ETF was approved which turned out to be a lie made the price go up) that's a good news and could be considered positive, or when the price goes down after a big news then we could say that it was a negative news as well. Anything else should be considered just a normal irrelevant unimportant news. We are going strong now, and I believe that we will keep on growing more and more in the near future.

I also don't think that we are in the bull phase, apart from the fact that it is not yet time, there are still many considerations that will occur, such as the upcoming cz trial, and bitcoin spot etf and eth too.
maybe after the halving that will be the beginning of good news for btc.

As far as I know, we can still make a profit whether the trend is bullish or bearish. Because we will know if the direction is purely upward, this is what is called bullish.

And when the flow of the direction chart graph is down, that means that we are in a bearish trend, and now this is where our skills come in to understand the use of tool indicators to determine in which direction its price value will go in the market.

Well, he is undecided and neutral about the situation. We can't force him to give judgment about the situation and it was hard, especially for beginners. But for us who have been in the crypto space for several years, we can already differentiate. Yes, the market looks bullish this time as we are finally hitting back about $35k but we're stuck again. Because I thought that after surpassing $30k after a few months of lockup we would surpass $40k as well but that did not happen. However, despite the situation, I still believe that we are turning back high and bullish once again, not this year but next year.

Yes. Whales will not be able to capture and win the current maintained accumulation trend, I guess they are looking for another opportunity and not at this time. The ETF is clearly positive for creating excitement in the market but I would like to add one more reason as Micro Strategy also continues to believe in bitcoin and bought another $593 million. It further strengthens the consensus of bitcoin's next moving trend. I guess we are bullish and there will probably be bullish breakouts very soon as bitcoin confidence and strength align.

I also think the same, we are still in the bearish period but it will be over soon. Sure, the Bitcoin halving will be the sign of the bullish season although it may not determine the beginning of the bullish period. Honestly, I also don't really know when the beginning of bullish season exactly. But if we consider the 4 years cycle, January 2024 ideally becomes the early of 2 years bullish season. 2022-2023 is the bearish season, 2024-2025 is the bullish season. However, not sure which month to be the beginning of bullish season.

Sure. A real trader must know how to make profits whether in the bearish and bullish season. The price will always fluctuate in every season, there will be always pump and dump. But when we are in the bullish season, the prices of most crypto coins will be easier to increase significantly. This is surely the chance to gain higher profits.

It seems that the trend towards a bullish market will not happen soon or this year, because I agree with what you said that next year will start to enter the halving era, where usually it will always start with a correction to strengthen so that it can move upwards later.So you need to be patient to get to the bull phase, but this is actually the best time to continue adding to your savings if you have sufficient funds. Don't lose the moment to gain profits.

I think we're in the preparation of the bull season. Bitcoin price will be corrected, but I'm not sure the expected rise will be until the end of the year. As you approach Halving, the price will be clear more clearly.

As you said, we must be patient, we must be ready to buy with possible price drops. We all know that we will enter the bull season and we know that we are approaching. Therefore, we should make our plans accordingly and act.

As for me, bear season is over and we are in pre-bull season. We are at the bottom of the mountain and what we are about to experience is climbing to the top.
Of course, we will have corrections before and after the halving but I believe there will be no correction so large that we will panic again. In my opinion, the main trend of the market is still up and up, we will not have any more dumping or prolonged winters. So I think it would still be appropriate if we said we are in a bullish trend.