Bitcoin Forum

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

According to what I read, bitcoin ETF may not be approved until next year January, I am not seeing any bull run again for now but neither expecting a significant drop. If there would be a significant drop in bitcoin price, I am expecting it next year, but spot bitcoin ETF may not let that happen.

Some analysts on this forum are expecting $40000, but no one know if that would be possible.

If the question is about buying bitcoin, yes buying bitcoin is still not late.

Why are u expecting a drop next year?

I share the same sentiment; it seems too hasty for the SEC to approve Bitcoin either this year or by January 2024. Over the past few hours, it appears that the pumping momentum has ceased, and the current price is struggling to surpass the previous swing. I have a hunch that BTC will establish a price range to define support and resistance levels. It's possible that Bitcoin will be in search of a new breakthrough while we keep a close eye on its direction.

My opinion is that it's anyone's guess for the short to mid term, but I believe that the long term will include higher prices than we see right now. The short term provides two possibilities, one being a major event involving whales/institutions that capitulates on the current high prices. The other being that the excitement for the progress of the ETF is the catalyst that starts the bull run early. I think the latter is what everyone would least expect, and many are probably still in disbelief, so it could be the more likely outcome when it comes to benefiting whales the most and keeping market participants from benefiting from the run. Whichever way it goes, the fun is only beginning! Buckle up!

This is not a bull season definitely to be honest. This is just a price hike due to the traders keeping more demand to buy the coin. The traders know that the bull season is near, so definitely they are trying to buy the coins now in current price which is more cheaper than the actual worth of Bitcoins. As they are increasing the demand to accumulate the coins and we know that Bitcoins are limited in number, hence to fulfil the demand, this is a sudden price hike.

It has not arrived yet and what we were seeing is due first to the fake news about the bitcoin etf approval. Next, is about the IBTC ticker which hasn't confirmed yet. But if we are going to connect all of these, they are likely about to get for real.

Now the thing is, how long we are going to wait until the bull run happens. Indication wise, after the halving. That is safe to say that  the bull run will start from there but, we can be wrong from that point and it could happen any moment from now on.

And with the recent rise that we have seen lately, corrections are about to happen but it cannot be as big as the recent pump we witnessed.

I don't think that the bull run has started, maybe this is just a preamble of what we will expect next year. And what makes next year unique is that we are expecting two significant events which are the Bitcoin halving and spots Bitcoin ETF. The SEC's decision on the approval is unpredictable so it might not be proper to depend on their approval to make predictions. However, I expect the price of Bitcoin to get to its highest past price or even greater than that. I will suggest that you trade with caution because the market is highly unpredictable.

What I meant is that a price drop may begin early next year, but spot bitcoin ETF will not let that happen if it is approved early next year. But if not early approved and there is a small drop, bitcoin halving will come and that would lead to a significant bull run. The fall I am talking about is before halving but which bitcoin spot ETF may not let happy.

Federal agencies are like dinosaurs when it comes to making decisions, so don't be surprised when they move very slowly with the approval process. Also, the SEC is not in a rush to approve any Bitcoin ETF, so all this price rising and hype surrounding ETFs is premature, and it will potentially cause a bunch of mini-hikes and mini-dips for the next year (or at least several months).

If you are a long-term investor, you should continue to accumulate and if the bull season comes, sell when you reach your goal. If you are a short-term trader, I think it is never wrong to take profits when we have made significant profits. Personally, I close most of the long orders opened the previous day and what I do is wait for the market to correct to find a suitable buy point. Of course, I also have a separate long-term bitcoin accumulation, but I wouldn't accumulate more at this price.

Bitcoin will increase according to the previous halving data, but we can't know for sure that it will be bullish. Usually, Bitcoin starts its upward movement before the Halving date approaches, and with the Halving, more investors enter the market.
However, I think this halving will be different from others and I would say that fundamental analysis is more important than technical analysis for Bitcoin. The Etf approval, the market maker decisions made by the US institutions about Bitcoin, especially the FED's decisions, the recent wars in the Middle East and the Black Sea region show that the price of Bitcoin may rocket earlier than expected.

I think Bitcoin price movement is nothing you should be confused about; all you need is to have a target price for which you wish to sell your asset, then sit back and hold it until your desired price is reached. If you are also in the process of still accumulating your coins, then you should apply the DCA strategy, depending on whether the price will still bounce back.

IMO, the sudden jump in price is not a surprise; perhaps the price has sat so low for more than one month too, and even if the price drops before properly going up again for the bull market, it's still not a bad thing. If you are buying, apply the DCA strategy, and if you are selling, wait more until the market is very bullish; maybe it surpasses the last ATH.

You have already the main 2 answers to your question that indeed it may be the effect of October pump that we already seen many years now and the coming is full back , or  this is the beginning of the Bull season though I doubt the second because as we know , Halving is near to come so basically the market shows dumping when this comes closer, and since it will come on April , there must be a dump coming either next month or at least early next year.
better be ready and hold on , add more coins as needed and you can risk , also sell high now if you believe in the sooner dump.


BTC
tickers down
$34,442

 price is up today, rising to an intra-day high of $35,121. The Bitcoin price increase today comes as hype around a spot BTC exchange-traded fund (ETF) resulted in an increase in spot and CME BTC volumes and this bullish momentum continues to push prices across the crypto market higher.

according to Cointelegraph https://cointelegraph.com/news/why-is-bitcoin-price-up-today

The more the price drops, the more opportunities we have to buy more bitcoin at a discount. You don't want to buy cheap bitcoin and want to buy at a high price? The halving is expected to take place in March or April 2024 and if history repeats itself, we will have a bull season when the halving occurs, but it will not happen immediately but will it takes a few more months. That means there's still a chance the price will fall. If you believe in history, you should prepare mentally for it, don't be subjective because of what is happening in the market.

The sudden jump is due to the news lingering around the approval of EFT Bitcoin, which from what is on air that it will be approved by next year January. It is possible for the approval to take place by January or not because we don't need to trust SEC as they can still be reluctant to approve it. If it is not approved then bitcoin price wouldn't keep pumping but it will dump. I still believe that we might experience a dump even before next year January because this is how bitcoin price moves. I believe that you should continue accumulating more bitcoin is you can through DCA so that you will have stashed up your portfolio very well when the bull run arrives. Every price dump or pump is an opportunity to buy more since we believe that bitcoin price will hit 100k and above during the next bull run.

Just a spike in price but no real bull run whatsoever. However , the signs of a bull run are present in the crypto space but the price tells us there is a big accumulation phase going behind and personally , I don't want to miss this so everytime I have some money to spare , I get some Bitcoin in return.

I also have a prediction of Bitcoin going full bull run Q3 of 2024 until Q1 2025.

The bull market will return but maybe not yet. Slowly, the market will recover, and now, Bitcoin is on its way. We must be more patient in waiting for the market to become bullish again. And in the meantime, we are still given the opportunity to buy more Bitcoin at the current price.

And don't forget that the current increase will have a decrease as a correction. At that time, you can use it to accumulate more Bitcoins. It's better not to be too serious about waiting for a bull market but focus on accumulating more Bitcoins for now.

If a correction comes later, will the price of Bitcoin remain at $34k or will it decline below $30k again? Because the price of Bitcoin managed to rise to the current level of $34k. So it's better to be prepared with your money so you can buy more Bitcoin.

Although there haven't been too many comments yet, I see that most people still don't believe that cow season has come and that what is happening is only temporary and will quickly disappear. I also think like everyone else but I'm not really sure about anything because the market will usually always go against what the crowd thinks. When people believed that bitcoin would drop to $20k - $23k, but bitcoin has rebounded strongly by over 20% in the past few days and is currently trading for $34k. What I'm thinking is when everyone thinks bull season is not here yet, will ETFs be approved and will we have an immediate bull season?

I believe there's significant market manipulation happening right now. It looks like that the approval of a BTC spot ETF is driving a frenzy of buying, although the price isn't surging dramatically. Once the ETF gets the green light, we can expect billions of real money to enter BTC. The current activity might be more about moving funds from altcoins to Bitcoin. The total market cap isn't skyrocketing, so if this is new investment, it's quite substantial. This kind of behavior is common in the crypto market, and it doesn't surprise me.

This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.

Of course manipulation has always been and will always be in the cryptocurrency market, but if we look at the technical analysis, bitcoin has broken resistance and now the main thing is to make it a support. There is a little over a week left for this to happen. If October remains good, the growth should continue.

The increase in the price of Bitcoin which reached $35K this month is not only related to the historical pattern of October, but it actually comes from the effect of buyers who have outnumbered sellers in a short time so this clearly visible increasing effect must come from More people have entered the market than last month. I also still don't think that this increase is the effect of a bullish start in the market, but it is only an effect that occurred through good demand in Bitcoin this month.

To be more precise, what is happening is that news regarding ETFs is stirring up the market and people are bullish about it. It all looks more like manipulation than that bitcoin's price increase is due to increased demand for it. Market movements depend more on manipulation than supply and demand as many people think. I think the recent news about ETFs is like a market survey by market makers, they want to see how people react to news about ETFs.

If they don't dare buy at $15k to $25k because they'd rather wait for a deeper decline, then I don't think they're ready to buy at $30k or $34k right now. Many people have doubts about the big things about bitcoin such as its price increases being better in the long run, but the experiences that others share for free can be taken into consideration.

Halving is getting closer, we have started counting down to it. I am optimistic that bitcoin demand will increase greatly ahead of the halving and a large correction should no longer be expected at the beginning of the year until the halving. But I'm sure, FUD will remain and this is just another way to undermine the trust of weak bitcoin holders.

And it's a question mark why they did that mysteriously, was it a mistake, I don't think it's possible but they tried to manipulate that way and looking at the market reaction, it's very possible that a correction back below $30K could happen but I'm ruling it out even though there is which says manipulation is taking place.

Well, after this news surfaced again, the price was actually not corrected or after the ticker returned on the DTCC site, just as there was no influence, the current price is still bearable.

We never know what the whales are doing, we can only speculate about them and after a successful mini the bulls assume it will be another correction, but in October and November there will always be surprises from price spikes.
Slightly influenced by spot ETF news which has become a sensation.

The bull season hasn't kicked off yet, the recent price surge was due to Blackrock spot bitcoin that got listed on Depository Trust and Clearing Corporation (DTCC). You could see how the price dropped when it got delisted but it's now back at $34.7k. I believe by the time most of the ETFs get the green from SEC, they will help to drive Bitcoin price up. Right now I don't pay attention to the price movement, I expect more good things next year, when the halving would commence coupled with ETF hype.

You are right, it is just fake news but it is able to move the market so fast. The price of bitcoin has penetrated $35k, not just once but it happened several times even though it is currently corrected below $34k. The market is becoming more optimistic about its upside whether the ETF is approved or not. I can imagine that bitcoin will really explode if the SEC starts approving ETF.

If bitcoin is able to maintain its current price until the end of October, then we can still expect higher resistance to be broken in November. It's just that you have to be careful when trading, especially scalping, but if you are a long-term investor, strengthen your grip.

I would say that some people already too late and that is the one regret they probably have. I have bought bitcoin all the way before it hit 20k, of course I bought it when it was over too ,but buying under 20k was the smartest thing I did for a long time. That is how it looked, we are more than double the bottom right now and people should realize how great this is. Why people got worried about it is still beyond me.

I understand it may still fall don't get me wrong, but just because it could go down doesn't mean that it will, it just means that we are going to end up with different results all the way down. I think we need to have some sort of belief in bitcoin that it will do better in order for us to see it grow bigger before it happens.

Who really knows where BTC is headed next? The crypto world is famously hard to predict.  This latest BTC jump is exciting to watch, but you just know there is gonna be some pullback before too long.  Trading in these conditions takes serious skill.  Some folks will scoop up coins on sale when prices dip, others will hang back till the coast looks clearer.  Being flexible is key now - dont go all in.  Being ready to change course quick when the markets get choppy and keep some some cash on the side just in case.

We can only conclude that a bull season is here if we are seeing majority of the coins are increasing their prices consistently, but we all know it's not happening yet so most probably we are just witnessing a temporary price hike that any time of the day we will again witness its price drop. And the fact that everyone is preparing for the nearly approaching bitcoin halving, the reason why majority are buying and stacking bitcoin into their portfolio which increases the demand and increases its value as well.

On the second thought, it's also possible that this could be about the potential spot etf approval. US investors are buying ahead of it which fuel the price of bitcoin to move up and create a significant price increase.

Not a bull season yet though this can be a good start, you can call this pump as a recovery pump and if we continue to see more green candles then we might enter into a real bull trend so let’s be more optimistic about it and hope that there will be no bull trap anymore. The market is rising, and the winter season is over for Bitcoin, let’s hope for the best and do the necessary action to enjoy this pump.

Since we don't know what will happen, we must be prepared for any situation. If the price drops, we will have an opportunity to buy and we need to evaluate it. We should not miss such opportunities. Even if the price continues to rise, it is necessary to jump on the train at some point.

I don't think we've entered bull season yet. We seem to be in the process of preparing for the bull season. We must follow every movement in the market and make the necessary investments. The bull season will come, but it is more important to enter the season with coins in hand.

The recent mini-rally to over $35k was likely news-related and was sparked by the appearance of BlackRock's spot ETF's ticker (iBTC) on the DTCC exchange, which people took as a sign of it being approved by SEC and rushed to buy before the official announcement is made. There were some weird things going on with that ticker, it got removed but brought back in.
I expect we might see a small dip to a $30k region but don't think we'll see a low $20k before the bull run.
I believe the price movement is broadly in line with previous cycles, so we might be climbing up from here all the way to the new ATH.

Ticker removed and then put back. I guess with such, that only means that it's already a pre-approval if it's about the Bitcoin ETF. Likewise, it's not yet the bull run but just another push by what's happening in the market. This is what we get usually when there's not that move at all, it's either these institutions will do something to move it upwards or downwards. As we've seen, we like it when it moves upwards than downwards.

For Bitcoin to move to another rise and level of support, it has to come down a bit and I agree that we might see $20k again at least for this season.

It is really a good sign as it has renewed optimism among Bitcoiners. With this development, many people who were doubting if we will ever see a bull market again are now having a rethink.

I don't really thinking we will see a bull market prior to the halving but we can see substantial increase in price that any retracement will still keep price above $30,000.

Another good thing about this rise in price is that those who already got in will be reluctant to sell because they've seen what gains they can make by holding.

With the current upturn of the market trend of BTC to the region of 35k in dollars, I have already resulted that I will only invest more in the Bitcoin for now and watch how far this will go higher than it is now. I have already built that emotional confidence for this period and due to the little research I have done, it can rise up to 40k dollars.

Right now, there's already a projection by the likes of Dan Tapiero suggesting that BTC will rise up to 45k dollars in the short term. This upward trend is expected to happen due to significant investment by major financial institutions and the launch of ETFs expected to happen by next year.

I also think that this has something to do with the ETF news, but I don't think that this price increase is based on manipulation because how can the price increase if there is no supply and demand occurring in the market for Bitcoin? So I just think logically that it arises due to the optimistic attitude of many people entering the market to create supply and demand which can cause a sharp increase in prices in a very short time. But if this is due to manipulation, how can the price increase in Bitcoin occur? In general, this price increase is really needed by many people during this time.

For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.

truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.

While seeing the price of Bitcoin surge to $30k, most of us think that is a sign that the bull season is coming.
Indeed, it was not surprising but yes, it is pretty early to say because our mind has already been closed as we are expecting and assuming that the bull season will start after halving. Well, that is somewhat to say that we can't be sure that everything that happened in the past still be the same as this year and in the coming years -I'd never taught like that. With these FUDs, news, and social media influence, we can expect changes rather than seeing the same.

I am generally very worried about current market emotions from people. If this war true bull market we would see huge moves upwards not only from Bitcoin also from Ethereum. Bull market generally hits when noone is expecting it at all. That's why I prefer to stay cautious. At least %50 of coiners telling around that we started bull season. That's only reason why I believe we actually didn't. Newbies are always repetitive with their takes on crypto markets.

Or the opposite can also happen, those who miss the opportunity to buy at 15k-25k will have to buy at a higher price because they are worried that they will once again miss the upcoming train. Some of my friends didn't buy bitcoin last year when it was at 15k-17k and as far as I know, they also just bought bitcoin when it passed 30k$ for fear of continuing to miss out. People who are always hesitant and waiting for lower prices will never buy bitcoin or will have to buy at a higher price than us  ;) ;).

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

Even that we are on a market rally, I do not think I am confident that this is already the start of the bull season. Probably the bulls are just warming up as I can see this is some sort of a bull trap.

But the good thing is that the price stays within the range of $33.8k to $34.2k as of this time of writing.

We also have to be prepared for some black swans to come in like there is a recent news about $4.55 billion worth of BTC and ETH options that is set to expire today.

That sounds bearish to me and might be going for a short position, but time will tell and we will see how long we could hang on to this price range.

Even though they are late, they still have time to buy Bitcoin, especially since the price is currently experiencing a correction. But if they don't immediately decide to buy Bitcoin and still delay it, they could really be late in buying Bitcoin. Prices above $30k are still low, considering Bitcoin's last ATH was at $60k.

Bitcoin can reach the final ATH price when the bull market comes. And many analysts speculate that Bitcoin's price may reach above $100k. With the opportunities that still exist, they should be able to use them to buy Bitcoin. And as long as the price stays under $50k, it's still a great buy.

And if they are still given the opportunity to see the price of Bitcoin fall even further than its current price, they don't need to delay it any longer. After all, they can purchase using the DCA method. So like I said, the bull market hasn't fully arrived yet. Current market conditions are trying to get a price reversal. So stay patient and wait for the price to reach $60k before the bull market will come in full force.

I cannot agree as well that what we are seeing is the start of the bull run. As far as I remember, we are preparing our investments for the upcoming bitcoin halving which after that event, bull run is expected to start. So the bull run could still be possible by next year. However, as the market is also unpredictable, then we don't also hold what lies for bitcoin days and months from now. Bull run could be earlier than our expectations, who knows.

But I also have feeling that what we are seeing today is just a temporary price increase due to fake etf approval and after this, we might witness another price correction that could make the market look bearish again until the bitcoin halving event happens.

Bitcoin is currently priced at $33k so there was a price setback that happened, which means we are not yet in a state of bull run since the price is not seen to be in a consistent price surge. More or less a price correction is what we are seeing at the moment. Regardless of any reason, either it's the fake etf approval or whatsoever, we can only see and felt if bull run is already here when majority of the crypto coins are in a good position. But for now, I don't see it happening yet.

However, this also gives us more opportunity to invest and prepare our portfolio knowing we are not yet in a bull run. It could be more pleasing for our eyes if bitcoin price will drop even more as it would encourage everyone to buy more bitcoin in preparation for the next year's big event the bitcoin halving. Surely after that, the real bull run is set to happen.

Of course, some people are so afraid of buying during a correction because they think it's the quickest way to lose. If they understood the strategy well, then they should have been able to buy with DCA but unfortunately they missed this good opportunity. Then they buy at $30k, that's because of FOMO, but DCA's strategy should still be able to help them and that is still also useful.

I tend to recommend DCA instead of a lump sum at any price, it's the best way to invest so they can get a lower average price. Corrections are always possible, so they can still buy with the remaining budget if they use DCA as their strategy.


We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

To me, halving is not so far away, and I have been waiting for a slight rise in price for the last few months (I'm more optimistic than Kelvinid and expect the rise to start before and not after the event).

It feels a bit different this time and I agree with ShowOff that, after having broken the 30K resistance again, I don't expect it to go below that point. Well, I didn't expect it the last time either, but halving is just a few months ahead, and IMO more and more people will be afraid of missing the train. At this stage there shouldn't be so many week hands left.

Yes, it's around the corner now, although it is still next year, but days flies so fast that we need to be ready by the halving time. So accumulate as many as we can so that we will be ready when the halving comes. And there should be no regrets whatsoever that he missed it because we still have time to buy cheap bitcoin as the current price.


We never anticipated that the price will go up, and what will be the most likely source (fake cointelegraph news), to $30k. And then we have the ticker for Bitcoin Spot ETF and we thought that it has been approved already, so another fake news push the price to $35k. But the good thing is that there are no sudden sell off in the market even if we have realized what is the cause of the sudden spike. Price remain at $33k which is very good and just shows that we are in the bullish short term.

Corrections or pullbacks do normally happen and yet it wont really be called a market if it wasnt really having that kind of behavior or simply we are really just that heading on one path.
Bull run season started? This would be always the normal line on which people would really be saying on which they are really that indeed believing that this is really the start of the bull run on which the price of Bitcoin did make out some movement from 26k to 35k in a short span of time without even trying out to realize that this kind of movements arent something that needs to be shocked on.
We've seen on how this market did make out huge movement in the past but it doesnt automatically indicates that we are on a bull run season.

The current movements cant really be denied to be that impressive on which it would really be normally be giving out that kind of impression that it might be the start of bull run but actually it isnt
yet. Come to think that we arent that past halving season of BTC on which this had been always the main catalyst or reason for us to assume that anytime bull run would kick in
but for now then it is really just that some significant pump but its not BR yet.

Are we expecting an early bull season just because there is a sudden price surge for bitcoin? For me, this is not enough reason, but I can see that this is just part of market price correction as there are really times that bitcoin price will suddenly surge high but after that, it will eventually drop low again and stay in its original price. And I know it's happening right now since bitcoin is currently priced at $33k.

However, even if the market goes suddenly bullish or bearish, I think we don't hold the market as to how it behaves. The important thing is we try to grab opportunities to invest in bitcoin when the price is given us chances to invest before its price will ultimately reach its new all time high.

For first timers, this could be their own perception being in a bullish season. But its not actually it is. There's more to bullish season than we can expect more than this. You will only see that the bull season has started when everything in the market is in its best position which means all coins are at its best price ever and that price increase will certainly happen consistently and not just temporary. But its not how the market looks today. Bitcoin is increasing yet majority of the coins are still at its loss prices. The reason why bull run is not here yet, but it will probably be here after bitcoin halving happens.

I think it is too early to say that Bull season has started.  The market could have been in a temporary bullish sentiment because of the bitcoin rally.  This may be a relief rally before the halving and Bitcoin price history that October had been a good month for Bitcoin.

There is also not enough good news to maintain the current price and if there is no new releases of good news, then it is possible that the Bitcoin market will move sideway again while slowly correcting itself.

No, this isn't the bull season yet. This is just a quick rise due to certain factors that are not even enough to start a sustainable bull run. The listing of IBTC, BlackRock's Bitcoin spot ETF ticker, on the website of DTCC caused a lot of hype and FOMO. That probably was the main reason why the price of Bitcoin recently jumped to $35,000.

But that was not really a big thing. It wasn't comparable to an approval of Bitcoin spot ETF. It wasn't comparable to the effects of the upcoming halving. These two are the biggest reasons so far for a bull season. And they have yet to happen.

                                                   Only Newbie that will listen about this time is Bullrun because we as witnessed
of the past bull market , we have seen and understand that there are certain increase in market before the bull market
happened and soon will be followed by Bear market and really hard dumping happens before hand.


                                                  well we are near closing October so usually time lime this are the one who will start
the small drops and then by December will followed by good pump before the end of the month stars its bear before
halving.
                                                  that is a huge expiration so bearish is coming any time very soon then?
its good that I am ready for this kind of market changing as I still have good chunk in my holding.

I am really surprised by the recent price jump in the bitcoin market. The world is still in such a dark place with the Israel war now, high inflation rates, sluggish economic growth by many developed countries and worsening demographic factors. Many stock indices around the world where dropping in value, while at the same time the bitcoin price rallied. It's nice to see that the crypto market can withstand the shocks in other asset classes. I just worry a bit how long this is going to continue and how next year is going to turn out. With the halving coming up in 2024, I think that there is a lot of pressure on bitcoin to rise even further. Such high expectations can lead to  unsatisfied investors that might sell their coins and push prices down again. Let's hope the prices don't rise to quickly again as this could also trigger another sell off.

There have been strong resistance in maintaining nothing below $34,000 though the market earlier yesterday went down a little bit to 33,700 or so, yet it still bounce back to where it belongs in favour of the bull, this is a strong feelings that we are likely to experience more of bull this present time than ever before that bear market have been prevailing, the end of this month will justifies the means but we are more likely to go higher than expected as some already predicted $38,000 sooner as the month round up.

I think we will experience first the "disbelief" stage before we go to the real bull run or maybe wait until post halving because this has always been the case. I still believe as well that there will be a retest on previous supports and don't need to FOMO because there are lot of posting their own gains.

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

You don't have to start doing many things like imagining that it can go up now or go down now, it is normal that if the price of bitcoin rises to $35k or more it can take a turn back to gain momentum, just as it can go up to $40k Since the week before last I have said that the price would rise , but for me it can rise to $40k and stabilize there for a while, because investors are believing more and they know that the reasons are the impulse to buy bitcoin, and that is why it is Now, despite all the reasons that the war has been reinforced because the fear of investors is growing, it is difficult, I Understand , to put money there with the threats because it is not easy at all , but it is Bitcoin.

  We can only say that the bullish market is here to stay when the market is full of positive news, but it seems no big news are up in the market except for the expected bitcoin etf approval that will happen early next year. And while it’s not happening yet, then it’s not impossible that the market will be tested more and may experience a roller coaster ride before bitcoin halving will se to happen. Although it’s safe to stay optimistic on the market, but sometimes with unexpected news that suddenly hit and affect the market, we get bothered that some beginners end up panicking and sell their coins earlier before the real bull run happens.

Now the price of Bitcoin is still at $34K and I also hope that next week there can be another increase so that people can continue to be enthusiastic about buying and holding it in the long term. Because when there is a price spike with market conditions continuing to improve, of course there will be an intention for many people to take advantage of this condition, although on the one hand some people may feel regret because they are too late to take advantage of the moment when prices fall or before the price increase occurs.

The $32K resistance seemed hard to break during the recovery phase since the start of this year - but now that $32K has been broken, the price has even reached $35K in the previous few days. Currently the price of bitcoin is trading in the $33.5K to $34.5K area - a bit sideways, but there are certainly high hopes of breaking $35K again before the month is out. About $40K is still possible to test - but I think it's worth seeing if bitcoin is able to surpass $35K again, if it can then the next $40K has a big chance.

First off we have 5 players.
1) fomo chaser
2) Dca and hodl
3) buy the dip and hodl
4) day trader
5) miner


1) If you are a fomo chaser you are in after and above 50k so you are in bear but a hopeful bear.
2) If you are a dca and hodl this is bull I believe any date you picked ever and do a weekly buy you are ahead so bull.
3) buy the dip and hodl you got in at 18k or 16k this is bull
4) day trader clueless crazed and impossible to tell what it is for them
5) miner has subsets depends on power and infrastructure cost. I call this a relief rally for most miners.

so 2 bulls
and 1 bear
with 1 you never can tell
and 1 hopefully relieved

The chart contains multiple zones of resistance that must be get past. And if the resistance is broken, it will become support, indicating the likely next direction of Bitcoin's price. As you can see, the current price is consolidating, which means that there isn't enough demand to push the price higher. As a result, it has a strong possibility of falling in order to generate enough demand to send the price higher and break the weak high or swing high. The market does not constantly rise since there are always a sellers.

i understand people are getting positive vibes these days but should be conservative with their estimates. also, don't stake all your savings because this market is still very volatile. you should have contingencies in every step you will take on this market so you won't get screwed by your impulses.
and such feeling of being left behind will always be there. so either people will take action right now, or wait for another opportunity.

The recent price spike on the price of Bitcoin is due to the optimism that the traders, and investors felt just because of the ticker symbol of Blackrock ETF being listed on an exchange. Well, historically speaking, Bitcoin's price tend to go high in the final months of the year, so these so-called analysts might be right, but will the event that happened a few days ago enough to start a bull run? I don't think so.

What happened a few days ago was really a surprising one, but nothing rare for me as I've seen it happening multiple times already in the past. On the other hand, this isn't enough to ignite a bull run, and we need more positive news. I think the one that will really make the price of Bitcoin soar is when the Blackrock Spot Bitcoin ETF will get accepted. Well, it's a no brainer already as we've already saw Bitcoin's price going up for more than $4,000 since last week just because of a ticker symbol being listed. Just imagine if it gets accepted already.

Is the bull season started already? I don't think so because what I believe is that it will only happen at least next year.

Its been bull season the entire year depending how you measure it.  We ended the bear season so by definition its back from there on ?   Been not so clearly true but the water doesnt have to be crystal to still know which way we flowing I think 2023 has been positive even before now.     The big rise recently is still not breaking out especially its just more positive in contrast to the lower 20's we were out.
   To call an actual trend we need a series continuing on the daily and weekly bars, multiple months and ideally we went all the moving averages with us.  The biggest clue might be that most of the moving averages are in the right place for a rise to be possible in a continued way, not just the usual burst up and pullback we've been watching on repeat for 6 months.

We are not yet in what can be called a 100 percent bull run; maybe it can be called a mini bull run, because from what I see based on my technical analysis, it is possible for the value of Bitcoin to drop to 30k–31k, and when that happens, there will be a liquidation.

But this is just my opinion; I'm not saying it will happen 100%; I said it because I also have a basis for believing that this prediction of mine can happen. But let's see what might happen since bitcoin is very volatile in the market.

This is just a sign of hodling compare what is going to happen soon, which many hodlers are aware that bull run is very near for those that prepared for it to earn a good results from their investment. Many hodlers notice the new price of BTC but some still have some doubt if the price will be able to break through to $40K or $50k before the end of this year, which it is possible for BTC because it use few days to increase to $35k that is giving hodlers hope of winning something big soon.

Don't be confused OP, all you need to do in this period to be successful in future is to focus on your hodling because, you are very close to the opportunity that will improve you and still give you another opportunity to buy more when another bear occur in the market.

Historically speaking, the last quarters of the year are often bullish. However, I Personally believe a series of events propelled Bitcoin's spike to $35K.  The Bitcoin spot ETF is one of such.  While many people believe a bull run might have started, I feel this is a prelude to the bull run come the halving next year. I've been leveraging on this opportunity to buy up fundamentally solid alts in anticipation of the next bull run.

This is right and also my position on this. Bull market us not yet here and will not likely happen until Bitcoin ETF is approved or Bitcoin halving, whichever come first. It will be too soon to call the recent rallies a bull market as it could just be the market responding to minor manipulations that is common with markets that have been ranging for long.

I actually see Bitcoin reaching $45,000 before the end of the year, yet I will not call this bull market yet. What I will consider  bull market is when we make a new ATH, only then will I be convinced that we are on a bull dominated market. I know there are other technical analysis tools used to determine this but I don't want to rely on those for the moment as they are not that accurate.

I've been keeping an eye on the Bitcoin market, and it's been a fascinating journey. In my opinion, the current spike to $35k could have been impacted by past October trends, but it's difficult to say for sure. Aside from that, the bitcoin ETF is still pending approval. But I'm willing to take a risk and am prepared to use Bitget & Binance to invest my money in Bitcoin. In addition, I'm preparing my investment strategy and planning to purchase a few tiny bags of prospective tokens, such as MATIC, BGB, DOGE, and KAS.

I think we could see a locally bull market before the end of this year. Yes, bitcoin took a long time to break resistance during 2023. If the fall should happen again, I think it might happen closer to halving. I think that now we could have a repeat of the 2020 scenario, where there was a local rise and then a fall before the halving and then a real bull market started.

Yes indeed, All the people are quite in FOMO for ETF (the Tokeninsight fake news, the deleted Blackrock Agreen light), and the End of the year always was subjected to manipulation much more now that we are in the year before the halving

I'm not convinced that bullrun has started until bitcoin price get across of forty thousand, from my perspective it seems that bitcoin price is approaching forty thousand because the price range is still between thirty four thousand and it has not crossed such as for today...in last two days the pride from thirty four to thirty five thousand, so the price of bitcoin is still fluctuating.

Initially I thought that we have entered a bullish season when the price of bitcoin arises to thirty thousand but it later fall before getting to this particular amount we find bitcoin price currently, so I'm surprised that the price got to this point.

But never us have in mind that bitcoin price since it has gotten to thirty four thousand and approaching thirty five thousand that it will continue to accelerating, so it's someone who is new into bitcoin investment can easily believe that we are already into the bullrun while the price of bitcoin at thirty four thousand never get strong, in summary I will say that the market is still fluctuating as I portrayed before now, because the market is the determinants of bitcoin price..which nobody knows what tomorrow market will result out. So bitcoin price is unpredictable from my perspective, so let us not call jubilation for now.

The bitcoin market can be expected to continue strengthening towards the end of the year - but I don't think we will be so bullish. The potential for a correction also exists - but if investors are more involved in large purchases then it is likely that the same thing as 2020 will not happen again. Of course - the same scenario can be considered so that you never ruin your investment plans so quickly, especially if you do it with DCA.

It is true that Bitcoin resistance seems quite strong around $33k. Bitcoin price already survived above $33k for some days. If there is no more big FUDs, it can return to $35k again and continues to $36k above. Sure, Bitcoin need supports, I expect there should be some good news in the near future. So, it can trigger the Bitcoin price to increase again easily. This month will end soon, I hope there is another pump in the early of the next month.

Agree. The market is still volatile and will be always volatile. We don't forget that the trend can change at any time if there is another FUD. There is no guarantee that the trend will remain positive in the next month. So, I agree that we must always to plan buying gradually, don't buy with all out capital at once.

The accumulation of bitcoin continues it never stops a bit even if bitcoin should hit $35k above as we have seen it to be. I don't see investors trying to pull back because of that.

One thing that every crypto investor has in mind is that, at what price they bought bitcoin now, it will surely skyrocket higher than it did during the bull run season. So no need for them to pullback from the accumulation of bitcoin.

Accumulating bitcoin at this price, with the amount you can afford to lose is what every investor should be doing before the bull run starts. The price of bitcoin you are seeing today, you might not see in months to come as the case may be

Bitcoin price conditions will make investors confused about determining the purchase price because they assume the market is bullish and the price of bitcoin will rise higher at $40k, I think the best solution is to develop a DCA strategy in bitcoin investment because of your opinion we don't know what cases will have an effect in the market next year, if the case is positive for market support then prices will be higher with the impact of a drastic increase but if the case is negative it will have an impact on prices falling. So think about the impact if you buy bitcoin at the current price, but if you focus on long-term investment then you can ignore the short-term market impact because your focus is on reaching ATH in the future.

For the past few months we have been in a dumping market and then there has been a good pumping in the Bitcoin market. As we have seen Bitcoin price at $35000 dollars in October 2023 and this month is over. And I guess the next month in November maybe the Bitcoin market could turn into another bull market, and we can predict that. However, most of the experts have predicted that by the end of 2023, the price of Bitcoin may move between $40,000 and $45,000, and here the market can wait for a long time. And after bitcoin halving is likely to go well and bitcoin is sure to go all the way to the top. As the bull market is only a few days away, investing in Bitcoin is the best and most profitable way to do it right now. As we have looked at Bitcoin's past history, we can assume that by 2025 the selling market will reach an all-time high. So we who are bitcoin traders should hold the bitcoin investment for that period so that we can sell during peak ATH.

...and that is the process of the price going even higher, BTC is now at a price of $34,274 which previously rose high to a price of $35,280 and the difference is not that big either. I and others also hope that the selling pressure will decrease and become smaller so that an upward reversal occurs quickly and the price rises to 40K in the near future.

The current resistance based on the price and market movements seems to be $35k because the market hasn't yet been able to go above it though it tried a couple of times. Bitcoin even went down to $33k a couple of times but it didn't go below that as well, so we got to see if the price would break above the resistance or go below the support which seems to be $33k so far. There is a lot of uncertainty in the market once again because of this scenario.

Investors that might have missed the price from the previous week which was $26k being the least must be confused once again whether they should buy in the current price or wait, because people are also expecting that this might be the beginning of the long-anticipated bull run that was originally expected to begin in 2024.

There are a lot of people who ended up with a realist increase at this point and the amount of people who would like to keep buying still is strong. There was an expectation that it would grow smaller and people assumed that we would see it drop and the amount of buyers would drop but the reality is that we are not going to end up with anything that is major, we are going to end up with a lot more buyers if we keep the hype going, and that should be important.

We are going to end up with a greater return, so we could definitely give it a go. Just let it be and then we are going to grow stronger, and hopefully we could do a lot better, I know that it is not going to be easy but we can make it work.

Apart from expecting less selling pressure in the next two months, we also need to expect higher buying pressure in the next two months so that the Bitcoin price increase can continue to rise above the current price and head towards $40K. Because that is a more logical hope this year than too much hope for Bitcoin, apart from that we also need to hope that there will be encouragement from many investors who are specifically targeting Bitcoin for a more real price increase in the next two months.

In addition, the macro market must also be taken into account. And here things are not looking too promising at the moment. The tense geographical situation and the financial market currently tend to assume a declining market. But maybe this time it will be different and the market will take refuge in hard assets, including bitcoin.

It's safe to say that it's been a positive month, with altcoins gradually picking up momentum and experiencing upward trends. After reviewing Bitget spot market, here are some of the top-performing altcoins for this week.

https://i.ibb.co/PGF0z5V/Screenshot-2023-10-30-17-56-51-96-f64c0fa2acb54796de48adb5b80a6314.jpg (https://ibb.co/YBPwTtV)

Regarding the confusion of where the price will go, no one will ever know, if they determine the price to go down then wait, if the price goes up then there is no need to regret it because they are now ignoring the current price even though it is called a bullish trend it is still quite worth buying at the current price of $34K.
By doing DCA, there is no need to think about the important price of accumulation every time they have money, meaning that now there is no need to see excessively from negative and positive news, just focus on buying the DCA way because really the big bullish is still yet to come.
Now still has a chance, instead of thinking about prices that are not decisive enough optimistically buy and wait until ATH I think it will not be long from now.

Positive development above the 2 day average still but we appear to be on a course to meet the weekly average soon.  We  will have a conclusion on this move to resolve upwards or a pullback to consolidate when we challenge that momentum formed over the last week.   So far its done what BTC often does which is hold fast, a possible positive or drift into negative price action from profit taking.
  Constantly people will sell BTC because it rises with such large percentage gains so often many speculators are involved short term which means selling is the standing question waiting to be answered.

  50 day average cross the 200 day moving average which is a positive but like March of this year after a rise we had to first pullback to check back at those 2 moving averages before continuing.
   I just cant imagine the path to halvening is clear and free now, I think its a long and winding road (https://open.spotify.com/track/3mlMpmY8oZIBFc39D9zLbh) with boulders all over it and a cliff top drop as we ascend any mountain.  We can go up but I dont believe in the easy path scenario personally my only question is when is a pullback appearing.

Any pullback will be a solid time for accumulation or DCA (in the conservative way). Strong manipulations will appear a lot for the expectations the mainstream has

Apparently, there is a strong resistance at $35k. It is more likely that Bitcoin may come back down for a re-test once before the bull season. If you look at the daily chart, there is also a prediction that Bitcoin will go down instead of up. The other reason I see is that Bitcoin went from $26k straight to $35k and there was no rejection anywhere in between. For this reason, the chances of rejection are also high. If there is any good news from the ETF then Bitcoin can break the resistance of $35k and then it will not be difficult to go higher, because the current pump is also due to news. If the ETF issue persists, then the chances of Bitcoin going up are slim.

You don't need to be confused, if you already holding btc then just wait for good time to sell which should be more than 50k$. If you are still waiting for good entry then I will suggest to buy 10% at current rate and then wait for market to become down.

Personally I think this is a bull trap , coz bull run hasn’t started . I know last week there was a sudden price hike on $btc which helped me take profits on my of my holdings in my Bitget wallet. But notwithstanding I’m still in full observation of the market

May of us and including me does not know the difference between the normal increment of price and the bull run increment of price. I think that the bull run price increment differs from other price changes because the bull run positive price is always building to a new ATH. If this is true, what happened last week is nothing close to the bull run, rather it is a normal price increment that we see when bitcoin has consolidated for so long.

I think we are going to experience another bear market to the region of 20k before bull run will come.

The bull run is just a trading lingo, not some strict, technical term with clear rules. In traditional stock trading, it's generally accepted to use that term after a >20% increase in price. Of course, for Bitcoin expectations are set a little bit higher than that.
I'd say we can talk about bull run when we have a longer period of consistent growth (with occasional drops of course). In simple terms when there's more demand than supply.

Seems like green days are more often than red days lately, which is a good thing. I have to say its going to be something that would be quite detrimental if we didn't have a bull season understanding or at least hopes. I mean looking at the situation, if you open up CMC, you will see that %24 hours is almost always green, and that is definitely a big deal without a doubt. I get that there could be some red moments, there are people who are selling to take profit, which is fine but that doesn't mean that we are not going to end up with a huge difference maker. I believe that we are going to end up with a greater return, we need a better approach, it should be done a lot better. Its definitely a bull season start, not a full on %100 bull season yet, but its the start of one.

If this is the start of the bull season then it will be one of the unique ones because we haven't seen any bull rally start in the previous year of halving. Even if it isn't the start of a bull run it surely indicates one. Retail investors are accumulating and that is why even a small dip became the accumulation zone. The market sentiment shows everyone knows we don't have much time before the next rally.

We are in a bullish trend so far, and if you look at the chart, he is also in an uptrend. We are just different in the prediction reading of each trader. Now, regarding your question, my answer is that we are not in the bull run yet. Maybe we are getting closer to the bull run.

But I feel that we are really going to the bull run, and I feel that the bear season is over. Because it is quite smooth and good to conduct trading activity so far on any exchange today. It's still good to continue the DCA if you are preparing to save for the upcoming bull run.

Not yet. This is not yet the time a bull run will come because what happened is just an effect of fake news that pumped the price of Bitcoin.
If you are expecting too much then don't. I don't think it is time yet until the approval of Bitcoin is way near, which means there is already speculation that it's happening near. SEC telling the people that they are near giving the go signal.
I believe we will feel it once it happens for the whales will not be late at buying so the demand will soar at a level that is surprising.
Then of course there is the halving. Once it is getting near it will add up to the market boost that will probably make more investors buy Bitcoin because of the fear of missing out.

There is no difference in the increment or the growth, but it is just that the increment during a bull run tends to continue without having a lot of dips or corrections in between, which means that once the price goes up $5k or something, it won't come down again, even if it does, it wouldn't come down more than 10% and it will start going up again. Other than that, there aren't a lot of differences in normal increment and increment during the bull run.

I don't really see that happening anytime soon because Bitcoin is looking a bit strong at the moment, I know that it is trying hard to cross $35k but hasn't been able to do that so far, but there are also no signs for it to dip back towards $20k which is too low. The least we can expect is around $28k maybe.

I don't think we are starting to see the bull season. Yes, bitcoin price is gaining a good position but it also happens when the market is having a correction. Later, we will witness bitcoin price going down again and that's normal. However, the only reason I can really tell when the bull season has really started is when majority of the coins are bullish in price, and not just bitcoin. Remember, that if bitcoin goes to the moon, other high potential crypto coins also go the moon, but I'm still not seeing this at the moment. That's why I'm not convinced that we are starting to witness a bull season.

Nevertheless, the one we are seeing now is due to the effect of the fake etf approval. But most probably when its already confirmed, for sure bitcoin price will skyrocket once again, and we might expect a bull run as earlier than what we expected.

bullish run in crypto has no season, it depends on the surrounding factors that affect its market. this is why we can't have defined time frame when it comes to bullish or bearish season because it relies on so many factors.
and such season also depends on when you are referring this price level. but of course, going up beyond 30k level has long been aimed at as we haven't seen this price level for more than a year already. so i can understand the positivity surrounding this market these days.

Indeed, a lot of factors that will affect the market trend whether it is positive or negative. The current surge of Bitcoin prices seems to be not enough to consider that we are bullish already but of course, it will be an indication that more people have an interest in buying Bitcoin these days. If the momentum will continue and never just see that only Bitcoin rises but also includes old coins, that is probably enough to say that we are finally in the bullsih state. But for now, that rise seems usual and we can't assume that no more drops comes after this.

The current regular increase can actually trigger a lot of speculation from various circles so it is hoped that this can continue for Bitcoin so that other old coins can also follow. Because usually old coins will also move up when Bitcoin has experienced a much greater increase than now and at this time it is still not feasible to assume that the market is in a bullish condition, because the increase is still not too far from the previous price over the duration a very new development in the market.

Yes I am now just beginning to think we are starting the 'bull season'. This feeling did really begin when we saw Bitcoin price of $35,000. And now it is back down but I think at any time now it will go back past $35,000 and then to $36,000.

The sec had a closed meeting yesterday and will have another closed meeting in 1 week. There is rumors this will be for approving spot Bitcoin ETF.

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

Then we need to be prepared with our bags.
At least hold some potential bitcoins and altcoins that have good development.

The Halving Cycle is approaching and it will be a boom that will make Bitcoin history again.
The current price seems to be too cheap when looking at how the bull season will arrive.

The bull season has definitely started, but are you ready for some corrections?
Because many manipulators will disrupt the bull season, they still want cheaper prices.

Your right. When the bull run comes it will be obvious and we wont even expect it. I see coming very soon. All of this is only but speculations, now we are seeing the upside of Bitcoin it may look like a bull, but the price might go down so what we will call it then. The situation we are now is like a temptation for us to sell our Bitcoin. Only traders or people who are in for the short term profit will accept the it as a bull run and plan to sell. Patience is the key, if unknowingly this is a bull run i wont be in a haste.

I think even if bitcoin hits $40k this month, it's hard to say it will trigger a bull season and that's a sign of the bulls. Because when the price of bitcoin increases sharply but there is not too much positive news appearing, it seems that someone is manipulating the price of bitcoin to create a trap, not a driving force for the price increase. I remember when the bull season came, bitcoin would increase in price along with a series of positive news that made people more bullish about the market. But from what I saw, when bitcoin crossed $35K people started to be cautious instead of continuing to stay optimistic. I don't think bull season has started yet.

Now a lot of people are getting interested in crypto again because many coins have actually shown good growth. But this could easily be manipulation because usually the bull market came after the halving. So you could be right about the top.

Seeing so many changes in Bitcoin during the military period, we can certainly believe that the bull season is about to begin. I think as the current market has turned into a green light, the market is changing as the day goes on. As 2024 is going to be a good year for us after Bitcoin halving, the demand for Bitcoin will increase and its value will increase tremendously. Currently, the price of Bitcoin is touching $35000, but it has a chance to touch $40000 by the end of 2023. And when Bitcoin hits $50,000 before the halving, it will certainly go higher in a bull market. After the Bitcoin halving we will see the next year's bull market, then surely the price of Bitcoin will exceed $100,000 dollars. As the popularity of Bitcoin continues to grow and the demand for it continues to grow, surely we expect better things from Bitcoin in the future.

But many of us are already prepared even before. Remember we are in a long-term bear? So, people are used to buying and always expects that a bull can come at any time. We only failed though a lot of times but finally it seems the real bull is already here now. Those who quit earlier are also going back, like the guy above said, so this can contribute more in the price and making the increase more stable and stronger.

Bitcoin is already a potential coin but indeed only the potential altcoin is what they need since they are a lot of them. Corrections, or whatever, don't worry about us because we are always ready for it. Manipulators sucks, they are not contented but they are greedy for more.

The price of crypto market is greatly related with price of bitcoin and whenever market become good then higher price of bitcoin will transfer all other coins towards profit providing path. People are assuming that Bull season has been started because price is according to their hopes and it is altered from lower 26k$ into higher 35k$ therefore price movement happens in positive direction.

We cannot say that we will not see dip again but there is an assumption that due to volatility market sometimes show desired price while sometimes it make its holders sad. We may see long term Bull season but at some points we may also see decrease price but as halving is introduces in coming April so large dip will not occur again and if slight difference occurs between present and past price and you feel that present price is lower then keep in mind that this little alteration in price towards dip and up are temporary.

Thanks for sharing! But first, I blame your friend who has been enjoying the bullish cycle of Bitcoin for not knowing more and deciding by himself/herself. Such should be more speculative by now as they already know what Bitcoin is capable of, this is a serious business. ;)

Secondly, I agree with you that we are in a bullish season right now but you should not still mistake this bullish season for the bullish season/cycle attributed to halving, No, low inflation and the EFT saga are the main drivers of this current one. Bitcoin like any other market/asset are dynamic in nature, it can have its bullish and bearish seasons many times in a year. What we experience now is a normal bullish season of the market, and who knows, it might continue while it lasts.

Nonetheless, one thing is sure in all markets, there is no perfect slope, they all obey the law of gravity even as Bitcoin is overbought already. My target of $35,865 (https://bitcointalk.org/index.php?topic=5471365.msg63042399#msg63042399) has also been well hit this week, so I see no reason why Bitcoin would not still retrace and this might cause a major retracement which would amount to the last bearish season before the pre-halving FOMO buying takes place.

I will be careful about bull run confirmation for this year because it is still not halving and bull run will not overide halving. Moreover, that bitcoin price extends from 30k to 35k is just the pump here and there and should not be seen as bull run so that we don't get confused. So I see that as side ways ranging of price, the real pump and volatility will be during the bloc splitting.  This time around more adopters coming in so much btc is in demand while hodlers are aiming for the bull.

In selling Bitcoin, sometimes there is no need to rush, even though buying Bitcoin at the price we want requires a little hasty effort, because everyone can also enjoy the bull conditions quite well and make a profit at a certain level. But this year cannot be said to be bull at all because the increase that has occurred so far is only in the form of improvements in the price of Bitcoin due to the large number of buyers in the market which can increase volatility in the price of Bitcoin itself.

Those who quit at the beginning will feel regretful that they couldn't hold on longer, opting to buy again at a higher price.
But this is a game of psychology, whoever can stay for the long term will benefit according to their hard work and patience.
Those who have just entered will be the new foundation for the next rise.

Potential altcoins are needed to grow bigger profits, but Bitcoin also provides more stable profits.
The price of altcoins depends on how bitcoin moves and manipulators will indeed play with the price of bitcoin,
hoping to get a cheaper price and be able to sell at the highest price.

That's really sensible approach and I am aligned at this way of thinking, we have seen similar price movements in the past but still I would vouch last few months were the time to invest into Bitcoin and it's not because of speculated bull run but rather for the fact that Bitcoin has had more than 100% increase compared what it was at the beginning of 2023, so by default whoever were hodling got their share of profit now. It's November and any spoke in October or November are speculated as bull run due to history of bill run as it has been towards the end of the year.

Even if it's a bull trap still we would have made good profit had we made investment at the rock bottom at the beginning of the year.

I would say we need to be more cautious and active than ever and not make the mistake of FOMO and invest when it's at peak or shouldn't be waiting forever for Bitcoin to drop to $15k once again.

In my opinion, it all depends on the initial target or plan, when you have achieved the desired profit, there is no harm in selling and re-entering at a better price (when it drops later) especially now that the price of Bitcoin still has the potential to decline.
And each of us has our own speculation, personally I am not sure that this increase will continue and I am sure that in the future we will experience a price correction again, and I am very sure that in Bitcoin's 4 year cycle which means we will really see a bull run. in next year.

A profit is a profit
A gain is a gain
A positive is a positive
A green is a green

This should really be put up into your priorities whenever you do make up those trading decisions and plans on which its never been that ideal that making out hesitation yet we've been dealing
on a market on which it is really that truly unpredictable or there's no way on knowing on where it would be heading.

Bull run season started? It wont start not until the even of halving season of bitcoin. Why cant people do easily understand about this default rule?
Bull run couldnt kicked out or would really be that commencing until the halving period and several months after. This is why its really that ideal
on making out such movement or positioning on buying cheaper coins as of this moment.

The price of BTC is consolidated in the range of $34k - $35k, which is a good sign. If the price stays in this range for the coming few weeks, I think we will see a price rally toward $45k - $50k in the next couple of months.
This price rally will provide whales with the much-needed exit liquidity. We will see a pullback toward $20k from that point for the final price correction. The price action is imminent before the BTC halving, and we will see a new ATH somewhere in 2025.

I also believe there will be some pullback before the real bull season arrives but predicting it will drop to $20k is an unlikely prediction, IMO.  In my opinion, bitcoin will probably have corrections until the bull season arrives but it will not fall below $25k.  I think we don't have much of a chance of seeing bitcoin at 2X.  so, those who are still waiting for a significant dump to accumulate bitcoin should rethink their plans.  many people still believe in history and believe that there will be a swan that causes the market to dump again, but I believe that will not happen.

I agree with these analyst because going by the charts I have seen so far there's a liquidity sweep that Bitcoin is yet to take which will occur during the pull back after which the next bull movement may take place to break further slightly above the 35k-36k zone them a possible range may follow through the halving period because it's just by the corner.

So I think Bitcoin is looking for stability where it can comfortably range throughout the period of halving so it can execute the bull run immediately after, so it will have to range between a certain resistance and support which it is currently creating buy making the current historical October impulsive moves /patterns, this support and resistance range will be most likely respected through the halving and after which it will break above the resistance and move all the way up which will be tagged the bull run.

These are speculations and not a financial advise always DYOR and take informed financial decisions to maximize the vast opportunities in the crypto trading market.

I also hope that the price of BTC continues to increase for those who are interested and take it quickly. Everyone can predict that BTC will reach that price. However, things will likely change over time as wider acceptance of cryptocurrencies continues to increase, but this will add complexity to the already complex cryptocurrencies themselves. Yes. Maybe for now I want to give myself a little time to prepare.

Never say never. This growth could easily turn out to be a bull trap. Nothing has changed in the world yet and the crisis along with inflation has not disappeared anywhere. The main trigger for growth is halving, which will be in six months. I think the real growth will start as usual after that.

Naaah I don't know why forks just take any sharp market outcome to define a trends,  Bitcoin market doesn't works that way,  because the bitcoin volatile nature have made it hard for anyone to speculate base on short term market behaviours and so on,  if and before you make such an assumption,  you first of all take some things into considerations and try to build a balance ground between time and make movement.

To declare any market cycle,  one need to first of all take time and date into considerations,  in the sense that,  you have to note the bitcoin 3 to 6 mounts cycle to declare a trends,  so any short term market behaviours such as the present bitcoin price shouldn't be taken to mean anything significant such as declaring a bull market were we just hard a market uptrend reaction.

The same is what I think. I don't actually agree that we are yet in the bull market because, definitely, even if there is every possibility that the Bitcoin price will surge this month, it is not just yet the bull market. I believe that the price will plunge before that halving period, and it's after the halving that we can actually expect the bull market, where the price is going to increase so rapidly. Some experts are predicting $40k, and with the market just staying around $35k, I don't think that $40k is too hard to earn. It could reach the price that most people have always predicted and plunge back.

But that's too low to expect before the Bull comes, 20k'ish ? from 45k price  i believe that we will only back to 30k$ and that will be the standing price before and after Halving next year .
so if you have positioned to that range already then you are safe to say it better and best for waiting .
correction will take place and that is always normal after a bullish run but HODlers are still there to continues support while others are selling to exit liquidity .
we are hoping and it will come , so if wanted to have an exit then best to wait for another couple of weeks and you'll get what you wanted , and also try to cover back your selling once the price bearish again that is for preparation for the Bull .

Now we are recently moving in a fast pace manner on which it would really be just that understandable that people would really be having those kind of thoughts that this might really be the start of the bull run.
Well for newbies out there then this would be a common impression but for those people who had been here on this market for a while now, then this would really be look like some recovery on which it would really be just that so normal that you would really be that having that kind of thinking basing up on what you are really that able to experience on point. Speaking about on the topic on having that bull run is starting?
No its not but most likely this is an ordinary day of having that green but not totally speaking or talking about bull run.

As long we arent that go past beyond that halving event then everything could be considered to be those normal pumps that we do have in the market. It is really just that it do really looks to be that
a bull run yet increase of prices in % matter is really that something that you could see in other markets and this is why it would be molding up that kind of impression
that we might already on the bull run as of this moment.

When bitcoin price fluctuates up and down in a way people don't understand, it does achieve the purpose of shaking off weak hands out of the crypo space because they can't hodl and be patient enough to wait till the bull run starts.

Let those who want to rush and sell do their things and those who want to accumulate bitcoin do the same thing to accumulate more of it to their advantage.

At the end of everything, we will then see the result of those who cried and laughed when the bull run starts by favoring those who were able not to allow the market condition to shake off their hands from selling their Bitcoin assets when they are not to sell it

May be this increase is as a result of repeating history as in October the price is always higher and October proves as a good month always. But other reason can also be that halving is coming so the price will go up and also there is a news regarding acceptance of ETF.

These months are not well identified that there will increase or decrease because time is remaining for halving so the price is not
confirmed yet to go more higher. If someone keep their investment for longer time then their thoughts will not be effected by Bull or bear run because there is an identification about halving so everyone will keep their bitcoin still halving. Remember that we cannot find Bull or bear market with the help of higher price for few days because Bull season when introduce then it will be lengthy enough to offer profit to all holders.

At the point of pull back if it ever gets to $20k as predicted by you, I see the best buy opportunity and any buy done at this point should be held tiil after the bull run to get the best yield and profit you can get from the bull run. It's important investors understand this analysis you just gave as it will go a long way helping them maximize their profitability in the next bull run by 2025.

It's very much possible Bitcoin rallys up all the way to $45k but I don't see it going beyond to $50k because before then it may hit a resistance a little above $45 and may go doing during the halving to make retracements which will actually become a pullback to $20k or sightly high

The market looks pretty solid to me, and the prices are going up after every small dip that we see now and then, but I still see a lot of people talking and expecting a plunge before it touches $40k which is strange but I still feel that they can be right, sometimes, because I was also not expecting the market to move up so quickly, and it will go around $40k before even we reach the last month of the year, but it has happened, we see it getting stronger day by day.

However, the more I think about it, the more I feel that we might see the market going down once again even if it touches $40k within November, and the dip this time might take us back towards the $32k - $31k range. Some people might not like it, but those who are waiting to buy more, will have another opportunity.

I think that's because we have seen that price movement, I mean if we will go and hit that magic number of $40k, at least the market might go down a bit again, something of a reset and then we move forward to that price, nothing is wrong with that and maybe we can say that it's a normal process for bitcoin market.


That is also what I'm seeing, at least a dip to $32k, before we go and see an increased in price. And if that happens then it's another buying opportunity again. But if the price goes up to $40k without any correction, I guess it just shows that the bullish sentiments will continue and there's nothing wrong if we will also buy at that price. At least the message is just continue to accumulate before the bull run next year.

With the speed at which the price is moving, $40k is closer, and even if we reach $40k, there is every possibility that we can also reach $45k. I don't have a problem if Bitcoin drops to $31k, like you have said. The reason is because the bull run has obviously not started, and it's normal for the price to drop. Even during a bull market, the price movement is always not just moving up steadily; it still decelerates and circles around a particular price for some days or even a week before it spikes again. Experienced investors will not worry about price drops; if they're actually going to drop, the people who show the most worrisome concerns are newbie investors who have not actually experienced the bull market of Bitcoin.

Maybe there will be a small drop before leading to $40k, or the possibility that we can just simply go up to $40k is possible as well. We did drop to $36k but then again, as we have seen it already the market is very alive, trading volume is also up, and so we go back to $37k++.

And so it's Monday already to Asian, and I'm expecting that are the start of the week, maybe we will see at least some action to $37,500 or even higher in the next couple of hours. And if this happens then another indication that the market is still very positive and bullish. So just watch on what will be the highest high for this week and who knows, maybe that $40k is just around the corner.

It seems that there will indeed be some price drops due to greater selling pressure than buying,
Buy rate 30% and Sell Rate 70% on 4H Time Frame.

To reach $40k and be able to stay above that price needs some correction first.
But the $36k-$34k support will be strong enough support to hold the decline.

https://www.talkimg.com/images/2023/11/12/zSaBD.md.png (https://www.talkimg.com/image/zSaBD)

The way Bitcoin's price has been rising over the past few weeks has been compared by many to a bull market. But we know that Bitcoin bulls have worked in the past and will work in the future as well. Also, it is normal for the Bitcoin market to grow a bit towards the end of the year, and with half of us waiting ahead, the price may have increased. Bitcoin price is currently at $36k, and it may move higher before the end of the year. Bitcoin halving will happen in 2024, so before the halving Bitcoin will increase a bit. Moreover, Bitcoin will become a bull market in the coming year because of which many investors are buying more Bitcoins and the demand is increasing due to which the price of Bitcoin is increasing.

Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.

I think it looks like Bitcoin will reach a price value of 40k each this coming December 2023 or before the end of this month of November. Because in these times, we are really in an uptrend. And others, even though we are bullish right now, think it might just be a bull trap.

And in my opinion, based on my charting observation, it looks like bitcoin will actually have a liquidation, and if it drops, maybe only between 31k and 33k, I guess in my own opinion.

Bitcoin bullrun hasn't started yet, but we are warming up already in preparation for that, the market will definitely rise and the target is about the closeness to the halving by next year, but not until then, we should be expecting the market to maintain being on this same pump from now on, there's no much significant bear till the year ends and we still have a long way to go from where we left which is $68,000 before the bullrun commences after halving.

The $68k is the first bullish stop that must be reached in order to reach the new ATH.
But this all depends on how the current market trend is.
If you expect the market to continue to rise and still remain stable, of course, it must have the support of strong fundamentals.

There will definitely be some FUD that appears to make the Bitcoin price go back down so that a correction occurs, this is very natural and healthy for the market.
Instead of rising high instantly, it will also result in an instant decline.

Halving is a sign that there will be a new ATH, but it will not be the same as the previous Halving,
of course, there will be differences in the trend, market conditions, and how whales work.

About FUD news, there will always be something that affects the price of bitcoin to be corrected, today bitcoin has corrected to $36.2K, of course this is natural because the price will not continue to fly.
It is very rare for bitcoin to rise instantly, there must always be a process to rise to a certain price otherwise the decline is not instantaneous.

Although it will not be the same as the previous halving I think many people are certain that with the Halving there will be a sign of ATH whether it is at the end of 2024 or in 2025 people will always look forward to it.

Yeah it will affect all conditions in the market, so we never know when a positive trend will come people will always wait for the best moment.

I had the same thought a couple of days ago, I thought $40k would be crossed very shortly without a doubt, but I see that the market has become quite stable at the moment, and if it stays at this position for pretty long, it might drop back from there because if it could get stronger, it would go up more and wouldn't become stable. This will confuse a lot of traders once again since they will start thinking about whether they should buy or wait more from here because if it starts going up from here, it might not come back down to these levels.

I don't think that the concerns of investors that panic have anything to do with the fact that they haven't seen a bull run yet, but it's just that they can't see their portfolio losing value and when they see that happening, they start panicking because they feel that their investments will keep losing value and might even lose everything they have invested.

The price of Bitcoin is beginning to stabilize and at the moment,  bitcoin is neither showing an uptrend price movement nor da trend and for sure we are close to a time when Bitcoin price can be the most volatile and for that, we have to be more proactive in our analysis of the market before making our speculations and for sure Bitcoin has shown a more positive outlook than negative so sure it is that we may likely see an uptrend market behavior in the coming days.


We may also be right to say that the Bitcoin price at 35k is being the likely discount price before the main correction happens which may be in an uptrend direction.

I agree with your speculations. If you look at the price movement and the candles one who truly understand the system will definitely believe that Bitcoin will hit 40k this month or December. A lot of things have been said to be the reason behind the sudden rise of Bitcoin. One which is because of the approval of the Bitcoin ETF that has led so many persons to be interested in holding Bitcoin. They believe if Para venture the Bitcoin ETF is approved there will be a full bull session for Bitcoin so they don't want to miss the train while they can see it.

The price corrected close to $2000 in the last 24 hours. Saturation has likely played a role in why today the price of bitcoin corrected instead of trying to break through its resistance. I'm not panicking, but this high volatility is unpleasant when I don't have the budget to accumulate.

Expectations of touching $69k are still very high in the future regardless of the timing. Bitcoin will experience a halving in the next few months and historically this will trigger a lot of price increases and can even print a new ATH. The increasing demand for bitcoin in the market will cause a rise although some people will sell it along the way to enjoy the returns.

Actually when looking at the market its very obvious that market of cryptocurrency is promising and we don't know exactly when the price of bitcoin will decrease as we may say concerning cryptocurrency, so therefore I will say that we have no fully assurance that we are into the bullrun yet, because as of two days ago the price of bitcoin was at thirty seven thousand and right now the price of bitcoin is at thirty six thousand [36k] going for thirty five thousand [35k] so we don't have to conclude of the price of bitcoin and also decide to agree that we are in a full time bullrun.

https://www.talkimg.com/images/2023/11/14/zTkhv.png


So we do have some drop on here on which we've been having thoughts that the price could break 37k. Now we are again on 35k+.
So whats the news? I havent found out yet since there are no other sentiments around on which i do shows the reason
with the current drop but well this kind of % drop is really just that an ordinary day here on crypto space.

Time to buy? If you can risks then yes it is, because we wont know if we would really be heading next on 40k after this one.
It is really that hard to have such guess.

The debate between the two might be quite irrelevant and both phases resemble each other.  There are far more sell offs and pullbacks in an average bullish trend then most would like to accept, traders are brave but ignorant or in denial of the losses we will take along the way is more reflective of reality.
  We are between two Fibonacci lines, recovery of the losses from the top will be the grander picture  that frames any of this action, all these questions.
https://www.talkimg.com/images/2023/11/14/ztFrG.gif

Bitcoin's stayed below $30k for a period before it's $35k value but this isn't the bull season because there isn't enough activity in each crypto price increasing including bitcoin. The value's increased recently but it isn't indicating it's in the centre of a bull season. It's going to take longer before it's considered bull season.

It is too early to say that the Bitcoin market bull run has already started.  I still have the feeling that a possible bull trap may happen before the Bitcoin halving, but I am hoping that I am wrong.  Bitcoin going sideway is an indication that Bitcoin market is yet to enter its bullish state, I believe the Bitcoin market bull run will be experienced after the halving which can be fueled by the possible approval of ETF.

If we get lots of ETF application approvals we might experience a higher surge of Bitcoin price because these ETF will surely bring huge funds into the market that can trigger FOMO making the price of Bitcoin go up faster.


Why not?  If we are into holding Bitcoin, $35k buy price is also good even if the price drops a bit lower in the coming week, since we are hinted that it won't take that long before the market transitions to a bullish market.

expected same thing, december bitcoin 40k definitely possible, the chart looking good altcoin also increasing even most of them.
but we'll see about the ETF, if things went south, so does bitcoin price, hopefully it won't. I think the ETF is the main factor that could affect the increase of bitcoin here, to end the bearish season for real.
but its all still uncertain about what the results would be. but many people that willing to invest should know, ATH was $100k, now price only $35K even if the market looks like it has been rising, its still far away from ATH, therefore you're not late to invest. because maybe, we'll never see $35k again in the future, every bullrun always have higher bottoms than the previous one, therefore investing right now isn't really wrong.

all these good news, are clue for us.

Acknowledge the GIF and yes there is truly a confusion if we are already in Bull or this is going to bear  and now after reaching
37k and above , goes back to 35k and showing weak holding and yes seemingly to go down in below 30k , I thought this will be happening
 before the December ends but looking in what performance Bitcoin is showing ,  we seems to be looking for  a bear November ends and
to continue lowering till after Halving next year.

yes, Halving is a sign that the market will soon be bullish and a reversal point where everyone will start focusing on Bitcoin.
The ATH that will happen later will be crazier than the previous ATH, this makes me more optimistic, 2024-2025 will be good years for Bitcoin and the crypto market.
Those who are able to endure will benefit from the patience.

---

Any price before reaching the previous ATH is still worth it to buy.
When the price is below $20k still asking if it's time to buy, when the price reaches $30k still asking if it's worth it to buy.
That question will always be with people who don't believe and don't know how the market works.
Buy now and hold, this is an opportunity before Bitcoin reaches ATH $100k++.

What is on ground is just a trap that will make those that want to sell now to regret when the real bullish season appear in the market, I believe you can see that the price of Bitcoin has decreased to $35,431 yesterday and it is a sign that bullish season is not too far from holders. I know something good will still happen before this year run out because I have some coins to sell when the real bullish remain stable in the market because my target is to sell when the price reach $80,000, and it will definitely happen next year, and it will help many long holders to experience huge amount of income. There will be bullish season from 2024 to 2025 according to some researchers which is a good prediction many holders have to take serious by using this opportunity to buy Bitcoin and hold till bullish season appear fully in the market before they can sell.

I really don't understand why there are questions: is this the right time to buy, will bitcoin price fall further? when is a good time to buy and hold?...Meanwhile, any of us can see that the current price is still heavily discounted compared to the old ATH we had. If this is not the right time to buy then what is the good time to buy if bitcoin rises to $40k in the coming days? I believe that people who until now still ask those questions will never buy bitcoin, simply because they do not trust bitcoin.

It was actually a bit weird because the stock market was up a lot yesterday, not that they are necessarily coupled in every session but the inflation data cheered the markets, although in this case not Bitcoin. The point is to take the long view and not get discouraged by these little bumps in the road. We are at the beginning of a bullish period even if there are small stumbles.

The price of BTC in one second can change quickly. For now, is there a potential for another fall to 34k and if it rises to 37k, because according to that it is most likely if we look at the BTC price movement chart. But, prices are now starting to go up at 35.5K. What is certain is that a number of price swings create trading opportunities. So in any case a review of the information is necessary.

Let them have their question because obviously those people are either not understanding the
system or maybe newbies? or others are just spamming the forum with their same old something questions.

I for once stopped asking about those instead I accumulate each time I have funds to risk in
my crypto journey as I believe Bitcoin will always bring me profit no matter how long i waited.

Or it started a small run? because we have seen a double digits increase and with more than 20%
pump that should be considered as bullrunning already. but yes the total Bull will come in the next coming years.

The current Bitcoin price is also not too far from the $37K price that occurred this month, so you don't need to panic about the decline because some traders are still quite happy to see this. And maybe that's because they want to keep buying more at the current price so that they have assets when there is another increase in Bitcoin and this price change is quite normal for Bitcoin and there is also no need to create excessive panic because of it.

If Bitcoin falls in value to $34k or rises to $37k it doesn't show it's the start of bull season. I wouldn't say it's a bullish period today because the price of BTC can change in one second. The price's swinging but it isn't enough to bring the start of the bullish period.

Can't really blame them, with all bureaucracy in place, I don't think that it's going to be a fast moving process. I've worked in a government agency before and even if the effort that we put in to finishing on time, we're always going to be held up anyways because other departments take their time and they are also asking for approval from other departments and most of the time, these department approval have to be signed by the head of that department before letting it loose into the other departments asking for it, that's why the word Kafkaesque is invented I guess? I'm curious as to what's going to happen when it's finally approved though? Will it be a big hike or the other way around?

I think it's not the bitcoin price that's worth paying attention to right now, but the way altcoins have started to rise. Another good sign for future growth is the printing of tether. In the last month tether printed a lot of stablecoins, which will have to appear on the market. It seems to me that these are signs of the bulls coming back.

Have you noticed altcoins going up so that's a bullish sign? Don't we know it starts with the movement of bitcoin first and then altcoins follow?

I don't see any sign from any altcoins, still looking at the movement and issues out there about bitcoin that obviously affect it, especially the ETF filing that will be approved according to the news even though it hasn't happened yet then this will be a bullish sign right?

About Tether minting a lot of stablecoins I didn't notice, this has absolutely no influence with bitcoin.

But this is something that can rarely happen to Bitcoin investors, unless someone invests in some altcoins, where the value can drastically drop until the investor is left with not even 10–20% of their invested amount. If someone actually invests in Bitcoin, then there is nothing to panic about because we are not yet in the main bull market; it's only newbies that should even panic because they are not well experienced and educated about everything they need to know about Bitcoin. Even if the price drops, then it's a good opportunity to buy more and prepare for the bull market that has not even started.

That's the difference between Bitcoin and Altcoins thus, seasoned investors opt for Bitcoin over Altcoin when it comes to investment but we need to agree on one thing that Altcoin gives more returns than bitcoin but the volatility and risk factor is there that's the problem and one of the reason long term users stay away from Altcoins. Suppose we invest in Bitcoin and sle dumps ven to just 10% of capital still we know it will recover in upcoming years but with Altcoin we don't have that guarantee rather we don't even know if it will exist or not. Now coming to challenges with Altcoins is that every bullrun we see new set of altcoins getting pumped up and the one which outshined last time don't repeat the trend most often hence Altcoin is only for short term if you are actively involved in trading.

Sometimes experienced users make this mistake of going with Altcoins for longer run.

Theirs nothing to talk about again because the way I'm seeing everything concerning bitcoin market I seems it like something I know very well that is not bullrun but later I began to look at things that is indifference from other speculation of bitcoin reaching big amounts or small amounts, so what I know of bitcoin right now is that Bitcoin can rise now and next 30 minutes you see bitcoin falling but what we are seeing now in the price of bitcoin we can conclude the price of bitcoin that is in bullrun

Just show how volatile the market is, it's either you embrace it or not, up to you. Maybe right now, you see the market as in the bear market, technically we are, however, we have gain so much from our last lowest low in the bear market. We have move past 100%++ increased.

Nevertheless, this is not a full blown bull run, it's that the market sentiments have shift already to being positive because of the news about the incoming Spot Bitcoin ETF approval, but we will have to wait and see how it goes. One thing is for sure, no one can stop the block halving for next year, which is the catalyst for a massive bull run in the next year or two, (2024-2025).

agreed with this one, current circumstance of bitcoin shows good opportunities for trading, profitting off the magin, even if the market swing and we missed some opportunities, we can just wait it out until next day and the tide has already been changing, but what I wonder is whether accumulating bitcoin at this time would still be great opportunity, we know that in bearish we can get the best value for our investment but right now the price has all be changing, bitcoin is already breaking through sub $30k and now currently might be increasing up to $40k in no time.
but then again it could also have some corrections, but seeing for the long term investment it would be definitely a good opportunity to accumulate, we are still too early for ATH and thats a good thing.
but only for long term investment, the short term investment might requires us to wait for corrections first to get the best opportunity of making profit.

Break the crucial point of 35K so I consider this as a bull season since 35K level is at May 2022 meaning is a year ago and this is a major resistance if the price can stay at the above 35K level or side away around 30-40K level I think another bull is going to hit the market  8)

I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

Because it has been below the price of 35K for a long time and now we have passed it, I can say that this is heading towards real bullishness even though the road map is still towards halving and we still have the possibility to buy before the increase continues.
Regarding the ETF which is still pending, that is a big bonus that must be utilized to welcome other bulls into the market.
Wanting to hold back as hard as he could, the bull's head couldn't be held back.

Just to be fair, after getting above $37k the previous day, the price goes on another sea of red, at least all crypto does. Not sure what negative news has pull the market down to red right now, but it doesn't look good if we are a investor. Nevertheless, another good time to buy, no need to wait for the price to go further down. Just do DCA and we will all be good stacking bitcoin.

As for the ETF, it's still pending as you have said, and the best time to speculate about a approval is next year. So hopefully, the price could bounce back again as everyone is waiting that at least this sort of bullish momentum will continue up to the end of the year.

We are in a phase that is difficult to predict now where sideway is still the prima donna. The price of bitcoin has not been able to break $38k until today and it has caused the same correction as the previous two days even though yesterday it touched $37,980. To be honest, this is not the condition I most hope for when our optimism about market movements increases, but testing new support could make the bull run unstoppable in the next period.

I am very tempted to make short term trades and take advantage of the current market situation. But I prefer to maintain my long-term investment plans rather than ruin them after holding out for so long. To be honest, I lost a lot of value today and this affected my psychology a little, but I still stick to my plan and don't want to ruin it at all. In my opinion, this is simply the effect of the delay in the ETF or its announcement.

I've thought about if I should've started short term trades to bitcoin to USDT when I started stacking sats. It's risky because bitcoin fees aren't reliable so when you're selling to make profits you can't sell at the wrong time.

USDT's got lower fees for short term trades but bitcoin's where the real profit exists. If I'm stacking sats I'll try to continue long term to hodl because it's safer.

maybe continue doing dca is good point right now even good if we can get prices at range 30K to 33K level and forget about the ETF SEC there is a lot fake news out there and too much noise right now in the market and i believe that ETF gonna approved next year at the final deadline

Although this is a sign of a bull market it is only temporary. This bull market is not long-lived due to which the price of Bitcoin has started to fall again within a few days and it is likely to fall further. It was mainly because of the ETF that the price of Bitcoin increased from 27000 to 37k thousand. And I can't see any higher momentum for the time being, this could be the highest bitcoin market growth in 2023. However, most of the people predicted that Bitcoin will touch 40 but it doesn't seem to be possible at all because the market is already showing Bitcoin price volatility. And it cannot be said correctly that the price of Bitcoin may increase further.

Actually, it is not that important to find out whether the bull season has started or not because the most important thing is how we are ready to enter that season if we keep finding out but never try to add Bitcoin to our wallet by buying then the bull season will not provide profits whatever to us, so start by accumulating Bitcoin now because the price is still cheap at least below +-40% of the last ATH so the opportunity to make a profit during the bullish period will be greater if you start adding Bitcoin to your bag now.

The direction the price of Bitcoin is going, show that bullish season will soon take over the market for those that invested in the past to wait for their price target to show up in the market before they can sell to smile again. Now that the price has increased to $37,431 this new week before it decreased down to $35,654 today, show that the price of Bitcoin will reach $40,000 before the end of this year, and those that have that price in mind will definitely achieve something good. I don't think the price of Bitcoin will decrease more than $34,321 before the real bullish will take over the whole market for both long and short term investors to experience positive results.

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

As much as I agree with the note that past performance is not always a good indicator, I wouldn't dismiss historical patterns entirely. I don't think that's even possible - even in your example of going in when the volume goes up, it's probably on the fact that historically increases in price and volume were correlated.
Trading according to past patterns will not guarantee you success 100% of the time, but it gives you an advantage, simply by the fact that if a pattern was repeated multiple times in the past, it's more probable to play out the same way again than any other scenario.

We can rely on historical models to invest because it has been repeated before, so the possibility of history repeating itself is still possible. But you are not wrong because there is no guarantee that history will repeat itself. The way I'm using it is that I still believe history will repeat itself because as an investor I have the right to expect and need to have a positive psychology with my choices. But besides that, I have also prepared a backup plan, so that if things don't go as planned, I won't panic too much. We need to have an optimistic spirit but never be subjective.

Today is the deadline for the SEC to decide whether to approve or continue to reject the ETF, I think there will be a lot of volatility today. Currently, the market is also reacting before the official announcement. I think if someone wants DCA this is probably a good time to buy and buy because SEC rejection is almost certain. The ETF will definitely be approved but this is not the right time for that big event yet. I'm not sure if bitcoin can drop to 30k-33k, but I think with this news, it's more likely that bitcoin will correct towards $34k, IMO. Let's wait and see what happens today, I have prepared USDT :D :D.

I would have loved it if you had some sources to back your claim of SEC's arrivals deadline for those who are not conversant with it, this is a very good one and truly 17th of November is symbolic For Bitcoin and other cryptocurrencies.

[1] SEC’s first window to approve all 12 spot (https://cointelegraph.com/news/bitcoin-etf-approval-window-sec-bloomberg-analysts)
[2] There’s still a 90% chance for approval by Jan. 10 (https://www.coindesk.com/business/2023/11/08/bitcoin-pushes-towards-36k-ahead-of-last-approval-period-for-spot-etfs-this-year/#:~:text=Analysts%20at%20Bloomberg%20predict%20that,for%20approval%20by%20Jan.%2010.)

It is an eight-day window from the 9th of November to the 17th of November for all the 12 spots ETF fillings and the crypto market has been energetic before now. But as the days pass, the more the bullish tempo reduces, this is a sign of disapproval but let's still see how things unfold. The filing of the approval is being attended bit by bit per the proposed ETF companies and if it fails this season, there is still hope till the 10th of January. But my fear is what caused its disapproval now will not suddenly disappear at that time.

In the last month or so, perhaps the SEC won't be able to hold on any longer so the delay turns into approval. Never mind, let them do a good job in reviewing the ETF testing proposal with the true hope that they will approve it in the near future.

Short-term trading with the current market situation really makes it tempting to do it, but don't. Just like a beautiful and sexy girl when we look far away. The original looked no more like an old person with wrinkled skin that couldn't be covered by thick facial make-up.

If you really want to do it in the current market situation, you will definitely get a profit of one unit of Yamaha automatic motorbike. This means that the purchase price is below 25k which is held until the price is 36k-37k.
Hold on until you can get bigger profits. We'll definitely be waiting for it for a while.

There is also some truth in the pattern you say, but so that we are more focused and don't confuse ourselves, who can also become market players like other people do. It's good to make a distinction between the willingness to trade and the willingness to invest, because I don't think they are the same in this case so we need to make a very basic distinction between trading and investing even in the same asset like Bitcoin.

If someone wants to become an investor by investing in Bitcoin, this is actually the right thing for him to do with long-term dedication without having to look at any patterns. Meanwhile, for trading, I think it is also very good to see patterns like what you said because it can help us to feel the Positive Sentiment of many people even though it does not guarantee complete truth in the market. Due to the fact that when market players start to be very active in the market for Bitcoin, it can also encourage more people to enter the market to get Bitcoin at a certain price.

Well you can't blame anyone who actually thinks history will repeat itself in terms of Bitcoin price going up during or after the halving as that's the only view people got close to an accurate prediction on the price market. This taught has made so many people hopeful and that's why everyone in the crypto space today is making plans towards this bull season is speculated to come after the halving which for me can change no doubt but it worth hoping for as it has been so for almost three seasons now .

If you've been able to witness that last 2 bull run cycles then you would really be eventually having that kind of impression or expectation for the market would really be making its move the same that it did on previous cycle on which it is really that likely but its true that not all would really be that totally be rest assured or really 100% to happen because we dont know on what the future looks like whether if there would really be some bull run which is more than on the previous one or having one but not really that much of an increase? There's no way on telling until we do see it with our very own eyes.

This is why it would really be just that normal that we would really be assuming that it would really be happening in the next. There might be no assurance but you cant really stop
people on thinking up that way. We do know that this is something that cant really be predicted and speaking about bull run starts then it would be usually
talking about after Bitcoins halving event, anything before it then it would be considered pre-pumps.

Time passes very quickly in the crypto market. Time truly flies when I think about the time since last bull season. The halving time is almost here. For me, 5-6 months in crypto is not that far off.

Due to reasons such as ETF and Halving, we know that the bull will come, but we do not know the exact time. Knowing Bitcoin's cycles is enough for me. That's why we should see that Bitcoin gives us the opportunity to buy while it's not too late. There are always risks, maybe the price will start to fall from this level, but since we are in the pre-bull period, I think that even if the price falls, it will recover and rise in a short time.

Yes agreed bitcoin bull run is started and those people who are in doubt about halving and bull run realized well that halving take place after every four years and surely bitcoin will repeat this cycle again in 2024. If in the preparation of halving the price goes to 37k$ then think about a reality that how much increase will take place during halving?
Continues increase in bitcoin price suggests that something more positive news are coming which will be profitable for all holders. People who miss this nice chance of investing will now wait for another bear market because buying during bull run does not give as much profit as one desires.

TBH, I don't know whether the bullrun has started or not. But it is likely the Bitcoin has started to increase constantly. We already saw the price has increased higher and faster than few months ago. I can understand this because we are nearing the halving schedule, the hype of halving has been started.

Anyway, I am not really sure about Bitcoin to repeat the same cycle scheme. But no doubt that the bullrun seems to repeat. It is predicted to happen in 2024-2025.

The price growth looks convincingly. I assume there will be more and more positive news coming up. There will be no more bearish when it is over already. People who don't want to regret it, they must try to collect more coins before this year ends.

According to me, the bull market is still not going to happen, this is indeed a good sign that the market is starting to recover, but it doesn't indicate that the bull market will happen, people might be happy to hear this news, Bitcoin has doubled from the end of last year when it fell to 15k$, and solana has gone up a lot from 10$ last year,
whatever it is, it looks like the bullish will start next year.

If your purpose in creating this thread is because you are confused, I'm sure this thread will not solve your problem. Or maybe this thread is actually making you even more dizzy because every comment from this forum member is different. but if your goal is to add references maybe this thread will really help you.
Personally I think that this price spike occurred because we are getting closer to 2024 and some people believe that 2024 is a bullish year. in other words this price spike occurred because more and more people were buying to welcome the bullish arrival of 2024.

There have been bull markets but for short periods these bull markets are not long lasting. Before the halving, the price of Bitcoin will rise slightly and allow holders to buy and sell. Bitcoin halving is a long way off, currently Bitcoin halving is in 2024. But I've seen bitcoin prices rise the year after the bitcoin halving. So the current Bitcoin price increase is small. There is a high probability of larger Bitcoin price increases in the future.

And if demand comes higher than the selling mode from traders or institutions, this moment will quickly become a reality. I think what the OP asked is more understandable and easier. But it goes back to his belief whether the suggestions expressed by seniors or from us above are useful or not at all for him. Yes and maybe it could be that 2024 will be a game-changing year.

I don't like to get ahead of the facts, but for some reason investors are not selling, this is something that can be quite strong for many, if we do not do something quickly like buying we will miss the opportunity, many do not want to sell because they know what is coming something nice, maybe a buillis rally? We don't only know , but I'm sure of one thing, it will happen, the price will rise and something can be done so that something great can be established for everyone, for those who have not bought because they have the opportunity to do so as quickly as possible , it is time, there is no longer You have to think about it so much, if the price drops you shouldn't be disappointed either, because you will definitely buy more money , when the price rises properly , you will regret not having bought sooner.

This article can help:


Source: https://finbold.com/should-you-buy-bitcoin-while-it-is-above-30000/ (https://finbold.com/should-you-buy-bitcoin-while-it-is-above-30000/)

It is indeed a mistake and a general habit of someone in investing in Bitcoin, it makes everything look messy even though we have made a purchase, awareness is good but emphasizes mental like that is not a good thing for ourselves, which is like we are on a trip that we don't want to pass it.
Just make a purchase, do not think too much about the price of me, for the current phase because it is related to the schedule of the Bitcoin event which has the possibility of getting a wider bitcoin adoption in the investor's kalanan, with the presence of ETF, of course if it is agreed to provide an increase in price which is quite crazy about Bitcoin.

But don't fomo too so you put all your money into Bitcoin because you want to have a provision for next year to have more benefits, in my opinion it's not a good thought either, because it will disrupt your daily journey. Simply perform regularly in the weekly count it is much better.

So far, I have rarely paid attention to altcoins like Solana because my eyes are only focused on seeing the price increase that occurs in Bitcoin. Regardless of how everyone assesses market conditions this year, what is clear is that every time there is an increase in the price of Bitcoin which is still able to influence many altcoins, there will always be many people who are happy about that event. Except for those who haven't had time to buy anything while discount prices are still occurring in the market, so they still hope that the price of each coin will fall again.

I don't blame any investors who're thinking history's going to repeat itself in terms if Bitcoin price going up during or after halving's going to take place. Halving doesn't guarantee bitcoin's going to increase but investors expect it. I'd advise ppl to avoid FOMO.

At the moment we are not looking for the bull season but a friendly market that allows us to catch risks and avoid some undue holding if we are practising the DCA approach this is the best time to take profits most especially if you bought Bitcoin while it was below the $20,000 price region because currently, bitcoin is attempting the $37,000 price benchmark which is already a good profits percentage if you take a short term position of the market.

We don't have to attain the all-time high price before we make profits,  because in most cases,  what is important is the buy vs the sell position which is what determines how much you earn in interest on your assets.

Everyone who is into cryptocurrency investment is surprised of bitcoin rising and falling, so therefore any investors who predict that the price of bitcoin maybe going up after halving I think their right, and secondly its well known and understood that bitcoin price always increases in price after halving it has been the tradition of bitcoin, another thing in bitcoin price is that the more the demands the more the price of bitcoin get increased so therefore I believe that bitcoin price always rise when the demands is high or their is new adoption of company that accept bitcoin as means of payment.

Demand is indeed the major market propoerler and that is what have always been the reality with bitcoin and also haven't proven a number of time that some few adoption and news can affect the general outlook of the bitcoin market,  it has become very imports to treat each and every point with care and high alertness this is very important and on time at most.

The market has always been a reaction or something that triggers the price to move in a particular direction and at a constant time,  bitcoin always make makes more progress.

I do believe it is still next year the SEC might ignore this year applicant the good news is the more investment manager is filling ETF wheter that BTC or other crypto as well from small to big companies like BlackRock

if Vanguard join the party by filling bitcoin ETF Im 10000% sure that SEC gonna approve all the ETF since Vanguard and BlackRock alone is controlling the US companies hahahah