Bitcoin Forum

Not that I'm a charting expert or a good technical or fundamental analyst let alone a bear, but I'm really surprised at the spike that's happened, and which is probably continuously happening as of this writing. So far, the price has already hit above $34,000. That's already more than 12% in growth in just 24 hours.

Has anybody somehow expected this kind of thing? Has anybody had at least a tiny clue that something like this would happen? I know Uptobers have been good months, but every huge increase especially a sudden one must have a big reason. I'm not seeing one that could push such growth so fast. I was really caught by surprise. Will a Bitcoin spot ETF be certainly approved soon that insiders have already relayed to their bosses the good news and the accumulation has secretly grown stronger?

I knew October is usually a good month for Bitcoin but I never expected it will be this big. Well, this should be an indication that next bull market will be bigger than we thought because a lot of fundamentals are lined up to happen the same time. We have Bitcoin halving, Bitcoin ETF and the global political and economic situation that has create so much uncertainties in the conventional payment system, all are positive news for Bitcoin. Many people might resort to Bitcoin as a hedge. The future truly look bright for Bitcoin

Yeah, this is just a prelude for the imminent Bitcoin spot ETF approval. Just consider how the market responded to last week's ETF approval fake news – it's a clear sign of the market's anticipation for the actual approval. They were on the edge, ready to jump back in as soon as it happened. Even the CEO of BlackRock mentioned that crypto as a "flight to quality". All the signs have been there since last week.

I'm now beginning to suspect that the news that's considered fake a week ago wasn't entirely false. The information that could have come from somebody inside the inner circle at the SEC might have been somehow misinterpreted, but the point could have been that certain spot ETF applications such as BlackRock's are already as good as approved.

I was actually a little curious why the price didn't fall when the supposed fake news was finally clarified by BlackRock itself. I was expecting that the price would go back to $26,000 after that clarification. I was surprised it didn't. There must have been something.

A little update, the price is now almost at $35,000, a 15%-increase in 24 hours.

I think, many researchers saw it some months ago that this month of October will break the record for bullish season to take over from the bearish that was on ground over some years and some months to helped some investors to embraced the opportunity on time to invested in Bitcoin. if the price of Bitcoin can increased to this level $34,000 in this month of October show that $40,000 is possible for investors to embrace and have a good plan ahead of the massive pumping that will take place next year.
If you have not invest to your satisfaction in this season, I think you can still embrace the opportunity to invest more on Bitcoin because the Real bullish market has not start yet compare to what will happen from January up .

Bitcoin pumping is like Gandalf the Grey or White (whatever color you want him to be), you don't expect when he will arrive or when he will say farewell, he comes and goes whenever he pleases. I think that's the apt analogy that I can think off when it comes to our expectation about the price of bitcoin pumping. A meme that I can think of that's akin to this event is the "Nobody expects the Spanish Inquisition" meme.

Let's see, not exactly at this moment because it is difficult to get it right, but those of us who have been following the evolution of the price for years are not surprised by this rise. After the boredom of these months it is time for some fun. If the ETF spot is finally approved, there will be days of great joy ahead, but I still don't believe in phantasmagoric predictions. I don't think we will pass $69K before halving no matter how much ETF is approved.


Let's hope it's a sign that the good stuff is starting.

I do believe this could be on the horizon, particularly in the lead-up to the SEC's decision regarding the Bitcoin ETF. Such occurrences are quite routine and tend to accumulate nicely, considering that there's still plenty of time for Bitcoin to rebound if the initial announcement isn't favorable. Even in the event of rejection, Bitcoin is likely to persist and progress until it gains ultimate acceptance. There's a substantial number of advocates striving to legitimize Bitcoin as an official investment instrument recognized by the SEC.

Now, what if, following this steep ascent, a bearish trend ensues? I'm confident that Bitcoin's halving will be poised to propel it once more, ensuring that no one incurs losses due to ill-timed purchases. For the time being, my optimism for Bitcoin endures, and I'm closely monitoring it for my designated target price.

I bet that even those who are good at analysis or call themselves experts will be surprised by what bitcoin has done in the past few hours. It's not just you or I who are surprised and amazed at what's happening. Everyone just hopes that bitcoin will increase, but no one will know or dare to confirm that bitcoin will increase to $35k like it is now. It was a real surprise to all of us and it showed once again that bitcoin is unpredictable, and we don't have anyone who is an expert in this industry. The only thing we can do is DCA whenever possible and trust BTC, it won't let us down.

No I do not think nobody would think Bitcoin would be up more then 12% just in last 24 hours. And we would not think up 22% in just the last 7 days. But there is now more talks of a crypto ETF being brought to Nasdaq which will cause 'bullish' movements.

https://www.investing.com/news/cryptocurrency-news/blackrocks-spot-bitcoin-etf-now-listed-on-nasdaq-trade-clearing-firm--bloomberg-analyst-3206311

The only thing that we can look is Bitcoin's past history as far as October goes. And with that it seems that we are very bullish right now. Specially with the biggest news about the imminent Bitcoin Spot ETF being approved as it was already listed by Nasdaq.

So maybe those who is good at technical analysis might see or not see this kind of bullish movement. And it could really fit on the narrative that at the end of the year, we might see at least $40,000-$50,000. So everything is falling right now as compare to last year wherein we have seen the lowest low around November. But this year it will be very different.

I expected a pump if the etf was approved but nothing like getting a $5000 day. We knew there was a high chance it might be approved because blackrock usually gets all their applications approved with almost 100% approval rating.

Right now everybody is buying because they know that these spot etfs will need to buy physical bitcoins for their etf and they need to buy it on spot. With the small amount on exchanges it causes these huge spikes due to high demand and low supply.

To me nobody had any clue that this was going to happen, like is always going to be a surprise for both investors and traders, seeing Bitcoin price at $29k in the night and the next morning boom it has bumped to $30k the next morning up to $34k, like what's happening? Is only October that has a better explanation to this, and we should expect BTC to continue increasing it's pace to $40k-49$k, because that's the next price.
I said it that October is a very promising month and we should look out for it, those who talk more about next year that that's when we'll see a better and bumpy price, well here it is, the price can't stop getting better at the moment I also said it HERE (https://bitcointalk.org/index.php?topic=5471045.msg63043521#msg63043521) we should expect it getting to $35k-$39k before we exit October.

I just woke up, and to my surprise the price of BTC rose to $35,900 (the highest). I was shocked by my BTC balance increasing in value.

Will the series of ETFs that are still on the SEC hearing schedule also be approved in the future? If this happens Bitcoin will have a new history, really positive news. If Trend continues $43K it may be until end of october (my hope)

The Nasdaq is a great place to attract FOMO 😅

Unless you have an insider then nobody expects for this to happen.

I mean just a few days ago, I think that Bitcoin will only break the $32,000 price at least next month, then we are seeing Bitcoin going to as high as $35,000 already. Nobody expected for this to happen, but I believe that some of the short term holders already sold some of their holdings to take profit already. While others are getting FOMO'ed, and buying the top, there are some who are selling at the top, then wait for the price to go down again because that's what happens all the time.

I did a quick research, and the reason why that pump happen is traders are very optimistic that a Bitcoin ETF will be accepted. Maybe let's also add the fact that the ticker symbol for Blackrock ETF is listed. That's a good sign already, but like what I always think, nobody is assured until it's from the SEC themselves, and since SEC is still silent about this, I believe that it's just a hype because the market is becoming boring already, and nothing's happening. :D

Bitcoin hitting something above 35k dollars was never expected, even by many experts, in my opinion. It was very volatile nearly whole summer. September was also nothing fancy. It only created bull traps. But now we are experiencing truly good market where people can make huge amount of money in short amount of time. I made very impatient mistake last September, bought some btc around 26k to dump back around 27k for such low profit. And closed my position that I bought around 29k level. It costs me a lot sadly. But I am happy to see Bitcoin bulls are returning back.

The market is now pricing in a possible ETF approval. After last week's fake news, it became clear that everyone, including the big players, had been waiting on the sidelines. Therefore, in order not to be caught in the reverse position in the same way with the real news, everyone has been slowly taking their positions for a week. In this situation, it is very risky to stay in a net short position.

ETF approval could come at any time and when it does, no one will want to stay short. In this case, it would make sense to slowly collect bitcoins in a spot position. But there are also signs that things could go the other way. Total cap 1.25T, fib 382. Total2 has reached its weekly resistance of 588k. Total3 is at the top of the downtrend since August 2022. I would say bullish if Btc maintains above $34,592 at the end of the month. We have reached the critical point now and we should act carefully.

I am bullish when it comes to bitcoin so in a way I always expect the price to go higher, however I had no clue this was going to happen now and I was just as surprised when I checked the price as I do every single day and I found such a spike, however I would guess that this is part of the aftermath of the fake news we saw not long ago, and people are deciding that the chances that an ETF will be approved are high and they are taking a position early in the case it actually happens.

This was the cause of the bull run that happened yesterday: BlackRock's spot bitcoin ETF appears on DTCC website with ticker IBTC (https://www.theblock.co/post/258041/blackrocks-spot-bitcoin-etf-appears-on-dtcc-website-with-ticker-ibtc?utm_source=cryptocompare&utm_medium=rss)

Bitcoin ticks above $35,000 as spot ETF hype builds (https://www.theblock.co/post/259100/bitcoin-ticks-above-35000-as-spot-etf-hype-builds?utm_source=cryptocompare&utm_medium=rss)

Everything that is happening is because people are thinking that spot bitcoin ETF will soon be approved.

And this is what we've been talking about for years, bitcoin leading the market. What we're experiencing right now is a buy the rumor sell the news event.  Everyone is anticipating a bitcoin spot ETF approval. Larry Fink has been on TV saying crypto is a flight to safety and quality and much more. I believe bitcoin could rally to 40K in a retracement move, not going to new all time highs similar to what it did in 2019. Because, it never goes up in a straight line. It's a roller coaster ride, and right now it's rallying very hard. Some may say we're going to new all time highs. I am standing on the fence here. Historically, that is not how bitcoin has played out. I may be wrong, though, if bitcoin goes to new all time highs in the next few months into the having, we all will be happy.

This could be a sign that market conditions this month have improved, perhaps more people have entered the market to buy Bitcoin in any amount, so that the increase that occurred today has actually exceeded $35K. This is quite surprising and obviously quite good because Bitcoin is starting to have increasingly positive movements before ending the year and I hope things like this can continue to happen to Bitcoin before the halving arrives.

It could be that the price increase is related to some good news so far which also includes Bitcoin spot ETFs, so the increase has surprised many people. And I am also increasingly optimistic that this month there will be more price increases than price decreases because now Bitcoin has been accepted by many parties so this has eliminated panic from most people and caused an unexpected increase like what happened today.

I don't know whether to be happy or not with what happened in the last few days but what is certain is that it was quite surprising to me, and I never thought that this year the price would exceed 30k but what just happened made me realize that what I believed it was wrong all along.
I've heard before that if the price can get past 30k then it won't stop increasing, it seems like this will indeed happen and this would be a great start to an increase before the year is out.

Yup. There are two sides to this coin (no pun intended ;)):
1. Disbelief will cause people to be cautious with the news
2. The news is a true step, institutions filing for the ETF will start buying to facilitate the ETF.

Which one? Who knows. I think that because everyone was waiting for 2024, it would make sense for the market to blindside those who are unprepared and start the bull now. This is somewhat validated considering how sharp the pump was and the way October has shaped out. The other theory is the standard event of exciting people, then killing the long position.

Top was like $35k in some exchanges and it's trying to breakthrough again on that level.

As we know on how volatile Bitcoin is and we know that it can have some strong push on unexpected times. But this time, I wasn't expecting it that it's going to be this early.

I just saw a screenshot that it's already listed as "IBTC" I don't know in which market was that but it seems that we're only just waiting for the announcement of its approval.

The fundamentals  proctor a bright future for bitcoin price and amongst them all the most interesting is the bitcoin ETF that every cryptocurrency user talking about. We can only but imagine what the bitcoin price will value at when the SEC eventually approves the bitcoin spot ETF.

Just as the op asked who has expected this, I'll say no one did, even though we had expected bitcoin price to rise to $35k the expectation was not projected to be within an hour plus of $5k rise, this is volatility sweeping us off our feet.

Buddy without keeping this suspense in my post I will say that 90% of us, traders and investors weren't ready for this Pump we were expecting the pump to be 32k only, and from a trading point of view more likely that 70% of them were on Short order at 32k and these unexpected 3 major news made the market to break through the biggest resistance of 32k and now here we are moving on 34k range.

Currently, the market is quite active to be more sure about the next strategy we need tow ait for the dust to be cleared, if a small ticker listing can make the market pump through a major resistance level the official announcement of a single ETF approval can lead to market pumping to form the range of 10k to 15 in a single candle. I was expecting some market correction to the very next of this pump but currently, the market is holding above 34k and as we had experienced before in the October rally for 2021, I'm still assuming the 6% to 10% drop back to make the journey forward to 40k and so on.

Consing the current sentiment avoid FOMO. Still market is in uncertainty and the direction is not clear, as what we weren't expecting already happened with a big boost now this uncertainty will also not last long, and a clear direction can be specified after the Monthly closing. So be ready for every scenario.

Expect? No I didn't but at the same time I was well aware of the massive potential of bitcoin to see a big jump as I talked about it recently here (https://bitcointalk.org/index.php?topic=5470563.0). This is not even as big as a jump as I expected though, we still have a long way to go to reach a more realistic bitcoin price.

https://talkimg.com/images/2023/10/24/TEfyI.png

in the last 7 days, the price of bitcoin rose 18%, to be honest I didn't expect the price of bitcoin to rise this fast in the third quarter of 2023 at this time, I'm quite curious whether the price of bitcoin next month will exceed $40k!!
with the rapid increase in the current price of bitcoin, hopefully those who don't believe in bitcoin will soon wake up and start looking at bitcoin as a protector of the value of their assets :)

You should visit the wall observer thread OP, people there expected a pump for months.

Most people on this forum expected this which is why they were stacking bitcoin all throughout the bear market. They did not abandon bitcoin when it was sub 20 thousand dollars and they did not panic sell when bitcoin fell from 30 to 26 thousand a few weeks ago. That's what I call conviction.

I still own bitcoin that I had in 2021, so we can say that a rise and another bull market was expected :)

If I hadn't known that the price of bitcoin is predicted to climb in October(past month's history), I could have concluded that the recent price spike of bitcoin is a trap for investors to rush into the market. But given the current situation, I don't think it is true in the sense that the Bitcoin ETF and halving are already approaching. In order to catch the Bitcoin flight(bull run) when it arrives, people are starting to get ready for it in advance rather than being unaware of how the price increased unexpectedly

In this week people just really tight up with the upcoming ETF that drives so many speculation and pump and dump scheme. you make take a look closesly the date and the twitter of the SEC.

https://public.bnbstatic.com/image/pgc/202310/06e8376f1f54469f3d2b60fef16c6c52.png

I have made more than 25 posts Since sept 1 saying we would  rally. So I find this completely fitting my fall predictions.
made this on the 21st of oct when price was 29k and change



I have lots more

Whenever we reach to last quarter of the year, that somehow ends up being one of the best parts of the year and I am not sure why. We have seen increases on October, November and December a lot, that's the last three months and Q4 of the year and it usually goes up. Doesn't mean that it will happen like that every year, but it does happen quite frequently and not a shocker anymore.

I would say that it is going to be a decent year without a doubt and I believe that November and December will not be bad months neither. We just need to be patient and see how higher it could get, if you want you can put a stop loss at 30k dollars, that would mean that you could get out and have lower risk but I am going to hold it as long as possible.

Surprising really as we never think it comes early. The current pump teaches us to not just think about the negative and decline every day or assume that the next day will be the same as today. Well, for now, the only clue we have is the ETF and the upcoming halving but all of this supposedly has no huge impact on the market individually. We can bring us to the point also due to whales participation but whatever is the reason of the current pump --is pretty much appreciated for at least those newcomers have an idea where Bitcoin is going. And this should be put into our mind that the market is quite unpredictable.

The fact is that we are approaching the halving and that the demand will increase more and more because most people want to keep their value in BTC as short as possible (for various reasons). Of course, all these speculations about the spot ETF are just an additional motive, especially if we take into account that there is already a lot of talk about it being a done deal.

However, even without these speculations, the price of BTC would probably go up due to the pre-halving effect, and it would not be strange if by April 2024 the price would be somewhere between $40k and $50k.

Another very important thing that we should not forget is that the price of BTC would probably not have gone so low ($15k+) if it wasn't for Do Kwon who was actually the cause of the price crash, and after him FTX who crashed the price so low that broke even the previous ATH. In other words, the real price after the ATH correction of $69k was somewhere around $30k, which means that no one should be surprised that today we are approximately 10% above that.

Yeah, Bitcoin already shows us that it can pump hard even on dire situation. The last pandemic is the best example to demonstrate how Bitcoin can still perform better even with dire situation. Bitcoin dump near 1K on different exchange then later on rally until 67K which is the previous ATH.

Surely, Bullrun pump occur on a surprisingly manner and not with everyone predicting it just like what happened to the current pump. The potential approval of ETF plays a lot of part for the recent pump since most of the talking is about this subject on social which is being use by traders for their speculation.

Yes, I do know, but I was not certain. The reason is because I don't have the market under my control, so it could have possibly gone against the prediction, but by chance and repeating the historic price chart, it did get bullish. Some months ago, still on the speculation board, it was mostly said that Bitcoin would be bullish towards the end of the year, and we only have two months to end the year. Although I don't know what the price might be by next month, we only have next week to enter the new month, and I believe the price would still hold above $30k through next month too, or might even go higher.

The price is still holding and just a little bit below and usually it will be back to $34K again, you ask about November? This is hard to answer my friend because I don't know what happens later but still hope bitcoin can cross the $40K mark at least next month.

I think a lot of people have realized that bitcoin is on the rise, of course for those of us who have been bitcoin investors for a long time this is due to the influence of the spot ETF which will be approved later by the SEC, hopefully in the first quarter of 2024 this will be even bigger news and maybe the increase will be more than this.

Those who respect the charts understands that Bitcoin just literally do it's thing, this pump has nothing to do with the ETF approvals but many people do think it's the reason why Bitcoin is pumping, if ETF isn't a thing for Bitcoin now, this market situation will still turn out to be this way today.

October has always been a bullish month for Bitcoin but not this big right? That's why it's good to know about Charts, this small pump is unavoidable, and the ETF approval will only be part of he reason after it's been truly approved.

Bitcoin ETF isn't new, it's been on for many years and they always postponed the approval and Bitcoin did very well without ETF approval, it's all in the charts ladies and gentlemen. 

There's always a clue - you just have to really care about whatever it is. Bitcoin ETF rumored to be approved in the coming months is an important clue as to why such a price pumping occurred - but you don't need to wait 1 minute early to get the best buying moment. But buy when the market is sideways or correcting without any major news affecting the price.

Rumors about ETF are a useful fundamental for considering why you should invest - but don't wait for the announcement. Big investors never tell you that they are going to invest millions of dollars - but some of them may announce that they have already invested.

You should really be that wise and really be needing to be observant because if you do just simply make yourself that keep waiting for the right time to get in then you might be able to miss up those opportunities most of the time. Pretty sure that you wont really be able to spot out the sweetest spot and its true that if you do see those news and fundamentals around that this is the best time to buy then better be aware or wary with your action and you might really that caught in the peak on which it would really be causing you negative if ever the market would really be making out such correction. Dont know on why people would really be hesitating on buying
while the market is really just still down or on sideways momentum? They are really just that too afraid on doing such act but instead they would really be just that buying or making decisions on getting in when the
price had already pumped and not on doing that before.

Well, it cant really be that avoided yet there are really moments that this is where we do get fomo'ed on which you would really be making yourself that making decisions on the time that you are
seeing greens and assuming that it is already the signal of market reversal. People would really be usually be ending up negative considering that correction would
always comes next.

Is as if you're expecting something much bigger than what we're seeing, $34k as the current price is something big compare to July to September, some people almost thought this year isn't going to bring a price that would surpass $30k and many people have given up on the reminder of this year, because from the way it started nobody expected to see Bitcoin price at $34k and with the way it stayed at $25k got many discouraged to even say anything positive about it.
If this month can give us this positive price then I think November would be much more better in showing us green. But my main concern is why has it not yet gotten to $35k? going up to $34k and back down to $33k? What are we not getting?
I still think whenever it starts getting up to $35-$36k I feel that would be the time we see Bitcoin climbing to $40k, let's say from a new week or Saturday.

The recent price surge is still a bit surprise but knowing bitcoin, it will always surprise us with its sudden skyrocket of price most especially if there are big reasons behind its price increase. And let's not forget that even with the fake etf approval of SEC, wherein bitcoin price briefly rallied to $30k, so how much more if the reasons are legit. However, whether we expect this or not, bitcoin remains to be seen profitable most especially in the last quarter of the year. And if this price increase consistently occur in the market, then most likely we will witness a bull run earlier than what we expected.

Yes. Since I believe with technical analysis, I expected to go this way.

1. Choch is a confirmation of trend reversal. This time I believe that the market was bullish because it's a weekly time frame.
2. It didn't break the high but swept a liquidity, so I expected the price to go lower and possibly sweep the swing point below to send the price higher and create another high as EOF and expected to reach the fvg above which is around 35k to 37k .
3. But look what happened to the price, it created another high. So this time, I expect a pullback around 30k before the price create another high. As long as it didn't break the swing low 24k, the trend is still bullish.

Note: The market prices won't always go the way we want.

I know it will happen but not this early so I am not expecting it.
I doubt one soul did or if ever they will say they did, they will lie through their teeth. The sudden pump is sparked by a piece of fake news and it continuously grew but I didn't expect that too. I thought it would just go back to $28-29k-ish and will stay there again after many investors find out that what came out is not true and they will pull all their investment back. But I guess they didn't and so we stayed on the path of going up and it became contagious that many may have thought that this was it, the time they had been waiting for.
It's a good thing but it's not yet the real pump that will happen when Bitcoin ETF is approved. There's more to this but we need to be patient. Now, a big problem comes, is it wise to buy considering the price pumped drastically without any big reason behind or should we wait for it to subside and wait to get cheap again? We don't know if that will happen.

Do you check further because I saw also at $35,000 in the last growth for bitcoin. This growth shows good enthusiasm for some people and if they are taking advantage of the strategy in the short term the selling pressure will greatly affect their current interest.

This process has been expected by many people, but long-term price pressure may not have reached their selling desires. Most people are mentioning this because Bitcoin spot ETF approvals are starting to materialize in the near future and there was a kind of reverse response to the FUD news about spot ETF approvals a few weeks ago. So Bitcoin experienced a significant increase from its support price and people began to imagine that the fake news last week was just an issue that was deliberately raised.

Just wait and see how the price reacts next month because we will only have to wait a few days before the turn of the month and to what extent Bitcoin can survive or, on the contrary, will be pushed back below its support price. As we expect before the halving occurs and there may be pressure on the price to be corrected and pumped because the cycle will continue to run before the ATH appears.

That's because there are anticipations in regards to Bitcoin ETF and the halving is getting ever nearer, I don't think that those positive news wouldn't contribute to the increase of prices besides the expected rise this month of October. I hope that you're right about all of these events happening to be an indication of the next bullrun and that the next pump in price would even be bigger than the last time, even though I am hopeful regarding that, I feel sad that the current prices might be the last time that we will see bitcoin get to that and that I would be getting less amounts of bitcoin for the same amount of money but hey, that's the market growing for you.

There have been many predictions that this bull season will be the biggest bull season ever because we have many big events such as ETFs approvals, halvings and, if we are luckier, it will also be when the economy enters the recovery period. All of these are powerful catalysts and if that happens we will certainly have an unprecedented bull season. There have been many predictions that bitcoin could exceed $200k or $250k for the next bull season instead of $100k as we expected.

The price of bitcoin will be higher after each bull cycle and that is why when bear season comes we should take advantage of buying as much as possible instead of waiting for further drops to buy.

I don't think since the start of this surprising rise of Bitcoin price that it has gotten above $34k, that has been the stopping point of the price and with all of these happening I feel we're about to see something more surprising because this current price of Bitcoin is giving us the assurance that it will surpass $34k to $35k and even get to $40k before this month runs out.
Nobody can come out to say it was expected not even those bloggers who drop predictions, they're not going to say the positive movement of Bitcoin price was something they're expecting to happen, no way.

That's the surprise we get from the current increase in Bitcoin prices. The price could jump high to $34k and that is already a good deal for us. Some people think the price will increase at this time but they can't know for sure how much it will cost.

People can only predict the rise and fall that Bitcoin can bring. But they can't get certainty from that prediction until it happens. I also didn't expect it to happen this quickly but I know that Bitcoin price increases can come suddenly.

But if a Bitcoin spot ETF does get approved, it might be an opportunity for Bitcoin to jump higher. And it's possible that the price could immediately increase to $40k-$45k. And until now, the price of Bitcoin is still trying to stay at $34k after previously declining to $33k. But if the price can still last until the end of the month and the beginning of the month, there may be another price increase. This is increasingly interesting to follow but if your target is long term, you can still buy Bitcoin while the price hasn't risen to $40k-$50k.

250K could be a little way too over the top, I think peaking at 200k would be the highest we would probably do and I am not even expecting that much. I think 100-150k range is good and healthy enough that it would probably what we are going to see anyway. I get that it may not be all that easy and great to do but it will definitely reach to a point where it can be done.

I hope that we could get to a point where we could reach to a point where it could result with some sort of situation where it may not be all that crazy. I am not saying it's impossible though, I mean this is bitcoin we are talking about and reaching 250k wouldn't be impossible within the next 2 years or so, it probably won't happen but it is not impossible. I am hoping that we could get to a point where reaching 250k would be small, and we would want even more, but that is just not realistic at this point and peaking above 100k is the first goal that I have in mind, that's the most important to me.

To be honest we all know that Bitcoin will be pumping very soon because of ETF and the halving event but no one expected one day move for Bitcoin moving from 30k to 34K.

I initially thought that after this pump the price will dump back towards the 30K level but this does not happen within the week days of this week. If the Bitcoin price does not dump in the weekend then from monday onwards we may see another surge in the Bitcoin price at then this will be a confirmed weekly Bitcoin move breaking it's resistance.

I would not call it a short squeeze specially when I look the fundamentals of Bitcoin where we have the halving and ETF in the pipeline. Exciting moments are ahead of us.

Actually i was waiting for this in the Middle of October because As far as i understand that in this month price are mostly increasing according to the record but not as fast as what we have had ,
in 24 hours increased more than that 12% , or 20% in the last 7 days , things that truly shocked me when i woke up that morning , seeing my Value in dollar holding increased  much.
but lets not be confident because we knew that we are nearing December , and yes before that month end dumping also starts and as halving coming , expect more of dumps in the coming months even right after that April .

The scary part to me isn’t that nobody expected this, but that everybody expected this. People are actually expecting the price to go much higher in the near future. I think if we end 2024 without seeing a six figure Bitcoin price, a lot of people will be disappointed. Most are expecting prices quite a bit higher in the next few years.

We were also disappointed this cycle when everyone also expected the price to go well over $100,000. Maybe bitcoin is maturing and will eventually have returns more like a large cap company than a startup, which makes the returns safer as well. The ease of storing large amounts yourself and being able to transfer them without intermediaries are good reasons to buy bitcoin regardless of the price.

I also think it's unlikely and it's actually a pretty high prediction. But if the events I mentioned actually happen at the same time, I think we can expect that big ATH. Bitcoin always gives us surprises, when people don't think it can do it, it surprises us. Like what happened in the past few days, no one believed that bitcoin could reach 35 thousand USD but it happened in everyone's doubts. 100k$ is the goal of most investors, but who knows, it will surprise everyone again?

I think many people expected this to happen, and myself included.
The positive news about ETF that emerged made many people believe again or even believe more, resulting in a large enough purchase demand, causing a significant price spike to occur in just a few hours.
And even now the price of Bitcoin remains stable at 34k after the increase, which means that there has not been a deep / significant correction like the increase that occurred, so far the movement has been quite positive and at the end of this year, as many people predict, the price will increase or continues to improve.

I've been here on this market for a while now and had already witnessed 2 bull run events and now this upcoming would be 3. Basing up on real time experience then it is really indeed that Bitcoin never fails to surprise the entire market on which its price do reach out into those certain points on which we didnt really expect for it to happen. I did see that 19k ATH and its been a while that it wasnt been able to break until the bull run kicks in then it did have a breakout and then reaching up on 69k on peak on which these are ATH points which we didnt really expect. I do remember that on the time i had jumped in into this market which the price is still
that sitting around $200 as far as i remember and having those deep regrets on not to save up tons of coins wayback but well past is past and there's no way on looking back and we cant really be able to turn back the time.

Any one that thought we would not get to 30k this year was basically believing in a full BTC FAIL.

Simply look at the gear going on line and watch the mining investment it all pointed and still points to higher
money kept gaining into gear look at chart a diff of 35t has turned into a diff of 62t. huge money came in via mining.  Now investing money is catching up to it. I see 45k in December.

https://www.talkimg.com/images/2023/10/31/TWP4D.png

I was expecting this earlier actually when the fake ETF thing from cointelegraph affect the market and I though it is
the beginning of bull run but I'm wrong , because the pumping stopped just before the day ends and then after couple of days this happens
that the price starts increasing again and yes maintaining its position now at 34 thousand dollars value.
Am not fond in pump and dump market but how I see it now? this is not just like that instead a positioning towards 2 lines,
either pump will continue till December or another dump coming this next month before the December small bull happens as it seems to be a tradition
for how many years that the last month is pumping good.

I'll be totally honest, I didn't really expect this to happen, I was more optimistic about the market going sideways for at least these couple of months and then maybe going around $31k once we enter the new year but as soon as the price went above the previous resistance, which was at $31k, it didn't stop and kept going until it touched $35k and now $35k has become the new resistance point which Bitcoin isn't being able to cross and it is going up and down around it.

Those who didn't buy when the price was around $26k since they were expecting a further drop must be regretting their decision now when there are no signs of it going back to that area anytime soon, but still, since the market is highly unpredictable, anything can happen, and the price might drop again.

For someone like me that trades currencies, I will tell you that such moves are usually seen whenever there is news and I must make mention that this is the most volatile time to trade these assets as liquidity is more...
For crypto, this isn't any different as his usually happens when we have news, and this being a bullish spike means the news was in favour of the bulls and everyone is buying and you wouldn't want to catch a falling knife, trade with the trend which is currently bullish.

I think for the last couple of months, we all have been bullish in anticipation of the Bitcoin spot ETF and the halving, so I guess the move was very much expected despite it originating from a fake news approval.


Price hasn't travelled far enough for us to feel safe that it cannot come back to this price of 26K , besides for a higher high to be created a higher low needs to be posted which is the pullback before a new high is made..

Otherwise you are right about markets being unpredictable, though we still remain bullish even if price pulls back briefly..

I have known that the bitcoin price is due for increment even in the month of September but many factors delayed and shifted it to the month of October. I had anticipated increment in bitcoin price but the price did more than my expectations. I expected 30k max but I was surprised that the price for to 35k.

Talking about expectations, many technical gurus expected this and many also did not expect this and that is how it happens. Speculations is all about assumptions which may or may not happen.

We are just into this and everything is just about to get started on the bids to go on a bullish trend for bitcoin this current month and beyond, the dip has been sustained for a longer period and it's due enough to go and pave way for the bull market, even though we ain't in the bullrun yet, we are only trying to come out of the bear long term sustained market season to the bull market, my expectations is to see that the market go as far as close to $38, 000 before the end of the month or next month coming.

Bitcoin ETF news related events are the primary reason for this sudden price jump. Many were expecting that BlackRock's bitcoin ETF would be approved somewhere around bitcoin halving next year but there wasn't any reliable data source that could strongly back this claim. The recent leak of BlackRocks iShare IBTC possible ticker listing gives people a sense of assurance that the ETF will be approved for sure. People use this mindset and start speculating the news events which causes the price to break the strongest resistance level at $34k and instantly people start opening long positions around that level by seeing the breakout which puts more buy pressure on the market.

Usually last quarter of the year is considered as best time of the year for crypto since we have experience bull runs during last quarter of the year in the past hence I anticipated some upward trend but not to this extend because at one point we didn't touch $35k since mid 2022 which was briefly surpassed on 24th October this year before dropping below $35k and this news about possible approval of ETF is bringing more money from investors leading to increase in price of Bitcoin which is attracting short term investors and traders to consolidate their investment in Bitcoin. I would say ETF news is serving as cherry on top for the rumours of possible bull run which makes round every year during Oct/Nov/Dec, but I am afraid it won't EFT doesn't go the way it's predicted and expected then we might see some panic selling which could pull down the value of Bitcoin. Let's utilise this until it lasts instead of going in-depth unless you are a long term investor.

But for me, even if there is no related news as far as Bitcoin ETF goes, I will continue to accumulate no matter what. As you have said, the halving will be of next year, so we should be prepared for that upcoming event. Meaning, if we don't have bitcoins right now, we should still be buying at this point and continue to save and accumulate as much as we can.

If there is an approval by SEC next year then good, at least we are prepared and ready. If not then still, we still have seen that every 4 years, we will see a big rally culminating into a massive spike and then we will reach new all time high. So that is what we are expecting and so we still have time to accumulation and buy more at the current price.

I also think so, regardless of what happens, we still have to think about the future and believe that after the halving a significant increase will occur like what happened before.
However, it cannot be denied that the impact of ETFs or positive news about ETFs has had a big influence on the significant price spike that is currently occurring.

After a significant price increase that occurred in a short time until now the price tends to remain stable without any deep correction occurring, so it is very likely that the price will remain stable and to enter again I think we don't need to wait for what will happen in the future because if we have The belief is that the big spike that occurred after the halving means that even at prices like now, it is still worth buying.

Mining money is very large and it can be more than what we're seeing in that chart and definitely investment money would also follow behind but the same question I kept on asking is, "why are we not seeing Bitcoin price getting above $34k"? Is like that's the amount it has to get to till the end of October, should it be that is what last month has to offer after the boost from $26k to $34k?
Well I still believe that no matter how slow the market price is at the moment it will definitely go past that amount ($34k) that stands as a shield from getting to $35k.
With how investing money is getting higher $50k+ will some how come up not $45k to me, we should be expecting a higher price.

We have seen news about ETFs, which turned out to be false news. In the news, we see an increase in Bitcoin prices in just a short time.
Even though later there was an error that the news was wrong and the price fell again, it showed them that the approval of the ETF could push the price up quickly.
Maybe that's what "some parties" don't want so they tend to stall on ETFs but who knows, that's just speculation.
And right now, the price is trending steady at $34k. But it can soar high or even decrease again, especially if there is positive or negative news that will be released.
Whatever it is, we hope we can survive the harshness of the crypto market and can wait until the market is bullish again.

If this month Bitcoin can still pass the $35K range, I also think there will be a possibility for Bitcoin to approach the $38K range. However, the rate of increase must also be better and more stable so that this can be a little easier to achieve, although currently Bitcoin still remains at $34K+ with small corrections in its price. There are now many people who are already very optimistic about the bullish conditions in the market which could lead to a tremendous increase in Bitcoin.

Yes, normally in October, we see good rise in the price of Bitcoins. This happens in almost each and every year and many hardcore Bitcoin investors have witnessed this. This rate is not astonishing to be honest. From coin like Bitcoins, this is expected. Nevertheless this happened due to the sudden rise in the demand to accumulate Bitcoins by the traders. Now in order to supply the demand the price suddenly went up. Yes other factors also helped a bit to catalyse this event.

Prices suddenly rise and also fall suddenly.
See how the market is doing today.
It was able to break $35k again, but was immediately dumped by the dumper to drop back to the initial price before the increase.

Is this a manipulation done by some Whales to make retail buyers panic and they will get a cheaper price?
Or just dumping done by some short-term traders.

But see how the Support at $34k holds, it's not easy to break and once again Bitcoin will reach the highest price later.
https://www.talkimg.com/images/2023/11/01/taoxq.png (https://www.talkimg.com/image/taoxq)

If you have been in the market for years, you will witness a lot like this and will be exposed to sudden high price surge, same that you will also get used to its price fluctuations that happens every time the market crash or is moving sideways. That's how unpredictable and uncertain bitcoin movement is. One day it's up, the next thing you will see is it's already on the verge of dropping its price.

However, as long as volatility happens, all of this are just a normal scenario for bitcoin and the crypto market. But if this Bitcoin ETF approval will turn into reality soon, obviously it will push bitcoin to move up and reach a very significant price.

It already jump the question now is would it continue till the end of this year or is this just a pump and dump scenario?
I am expecting it to drop on the coming holidays so I don't really expecting it to climb higher than $40K till the end of this year, but the halving is also something that we couldn't ignore maybe it could continue to climb.

Each year, around this time,  Bitcoin always have this positive outlook a and this wave may continue till after the holiday period that is approaching now,  this is because a lot of people will be stocking up on funds to be used for the holidays and travels and in doing so,  they do look for currency that have some universal ability since most of the time will be spent on vocations.

So I am not surprised to see this recent market price increase with Bitcoin,  because that is most expected and due to volatility it does happen all the time,  that is why we are advised not to expect any particular market behaviour when it comes to Bitcoin because anything can happen at any time.

The market could really be only have that bearish or bullish and sideways movement on which it would really be just that right that you should act accordingly or really need to adapt if you do want to survive this unpredictable space. Expect the unexpected on which this market is really that unpredictable and there's no way that we could really be able to tell on when it would really be pumping
and when it would really be dumping or on when it would really be making that sideways movement on which we know that this market cant really be something that be known or had been anticipated.
This is why into those people who do able to make out such move or decision on buying while the price is still low are the ones who do make out profits as of this moment.
This is why on the time that the market would be having on such state then its up to ours whether we would be holding up our position or would really selling or buying
basing up on our own analysis.

Perhaps, we have nothing to surprise because all of these pump and dumps is not unusual in the market.
I'd notice that when BER months are coming the price moves high like bullish, it is very usual as it has happened in the past years. This is why I don't think it is because of ETF rumors that send the price to rally but it is the normal reaction of the market. We have this price increase these days and it stays above $30k until the end of this month but can't be sure of its movement next month as we notice also a huge dump and sell-off during that time every year.

This is the last month of expecting anything big before entering next month, that's what ever we see coming from the market price would determine if December would be promising, just like how Oct got us to $34k and to me November have something surprising and I'm expecting the price of Bitcoin to make a drastic move to $40-$45k before the end of this month. That's going to happen only if we see a quick movement because as it is the price isn't trying to surpass $34k only went up ones to $35k then back. The month is still fresh to criticize the movement, let's watch and see how the new week will look like.

Recent market behaviors shows that the market is really confusing which is like a sign of indecision. Bitcoin price have reached $35k twice and returned to around $34k, this shows there is a resistance level around $35,500 that have held price. I don't expect price to stay in this region for long following the excitement and momentum of the market from early October.

The recent crash to $34,300 is actually shocking to me as I was projecting $40k by the end of this month. All hope is not lost though, the possibility of achieving $40k before the end of this month is there. So what we are seeing in the market now might just be a minor retracement.

Are you serious? From 35.5k$ to 34k3$ is normal and that's only a 2% decrease, why are you surprised? You can't expect bitcoin to go straight from $35k to $40k without any slight volatility. Don't forget that before that bitcoin also increased from $28k to $34k and for bitcoin to reach $40k it will take time and there will be volatility, but that is insignificant. But is the $40K goal too high this month? I don't think we'll get there this month.

It won't take too long for we to see the market price break that barrier to $35k and even surpassing it, but that resistance is too strong compare to that of October, it seems like we're going to have a big delay in this month price movement. Is as if nothing is happening just a stagnant price.
With all these happening is going to make traders and investors to make a decision they never planned on making, a confusing month in the market but Bitcoin price will surely hit $35k and get past it.

I have expected this to happen but not at the current time. Probably it will be after bitcoin ETF approval or when the bitcoin halving is over. That's when I have set my assumptions that bitcoin will really hit a big price after these most awaited events. But I was certainly wrong as bitcoin end up surprising us when we least expect it.

However, my only fear is that when bitcoin suddenly drops down again before this year ends. This has happened already before when everyone expect for a new ATH but unfortunately, bitcoin price drops even more. But the good thing about this is that after a serious price plunge, that's when a new all time high starts to be visible. So let's just wait and see. The market is so unpredictable that it's capable to surprise us whether bitcoin price surge high or the other way around, bitcoin price drops deeply.

An increase to any percentage always takes time so the journey from $35K to $40K is something that clearly takes time, because it is a fairly large distance even though it seems very common in Bitcoin and the price decline from the price you mentioned This is also a very normal decline for a coin like Bitcoin so we don't need to be surprised or surprised by this. Apart from that, volatility in the market is still needed so that there are more significant price movements this month before the last month of the year.

We could obviously make out those reasoning or assumptions basing up on the sentiments that we are really that experiencing on which it would really be just that normal that you would really be that
trying out to point your fingers into those possible reasons on which we arent that dumb on not to be able to point out with those things which its been scattered or obviously been spread out on the net
specially on that ETF thing.Speaking about these things to occur then no one really for sure did really that anticipate for these sentiments to happen and make out that huge effect on the market.
We arent still seeing those approval on SEC or something that do talk about submitting but it did really make out that effect. How much more if it gets approved?

This is why on the time that you do step your foot into this space or simply with crypto then you should really expect the unexpected things on which it is really that something
that could really happen anytime without the people do even know on whats next to happen whether going up or down on certain % on a short period of time.
This is why as an investor or trader then you should really be knowing on where to set those selling or buying points or simply taking that advantage with those movements been created.

I have to admit that I'm actually a bit surprise with how bitcoin price moves. I know October is a good start to see a bullish price for bitcoin but I guess its high price increase is really unexpected. But if we are aware about the performance of bitcoin that it can go skyrocket anytime when the market is having a good position, then witnessing this unexpected price surge is not new anymore.

My expectation is that bitcoin price will eventually go to the moon by next year, right after the approval of bitcoin ETF, or at least couple of months after bitcoin halving. But what had happened is really surprising, but I have this feeling that bitcoin price will plunge again before its bound to reach another significant price.

Am not surprised at the price of Bitcoin. I have always had the mindset that anything can happen especially during the end of the year. Whenever this type of a thing occur with Bitcoin every single year i felt like most persons has sold some portion of their Bitcoin so that they can cover expenses for vacation, tourism and other activities. Because  we are close to the time when people celebrate a lot. Thereby the price of Bitcoin increases so that people will sell more. This is my own view which am not certain but the main reason for the increase is still being speculated as we are still unsure.

I was actually asking about the sudden rise on the 24th of October. There was a rise of around 15% in just a day, that's approximately a $5,000-increase of the price in just 24 hours. I'm surprised that you're not surprised. Lol. But I realized it must indeed be the IBTC listing on DTCC which was interpreted as something close to the approval of BlackRock's Bitcoin spot ETF application. That caused the sudden FOMO.

You're being illogical. How can the price of Bitcoin rise when most people sell their Bitcoin to cover expenses?

Too surprising that it goes that way because what we are thinking is just a slow recovery and price pump but what happens is really unexpected makes people ask what is the cause. But till now, we're still in the puzzle of the reason behind and what some people are saying about ETF. Well, whatever it is, still it proves that nobody sees what really gonna happen, we are all just no-how and wondering. But I don't think it is necessary to know what is the reason and besides, we're ready for the pump and the coming bull run.

The relevance of the current market increase is very close to the influence of ETFs and perhaps some whales have prepared themselves before the bull market thereby triggering the impact of daily increases of up to $5k, we may not know the actual news on the influence of the market pump but we remain optimistic that the market will recover to reach ATH in the future regardless of anything that has a positive impact on the market.

But if we know the cause of the positive news that supports the current market rise then we will soon see the price above $40k, the price recovery will soon reach ATH before and maybe the price of $60k will be reached sooner than we thought and we have been waiting for that moment for some last year.

That's not how the market works, the price would drop if people start selling all at once whether it's for vacation or whatever, when there is mass selling to take profit, the market tends to drop down a little bit because of that, and when it's going up, it means that people are buying more because it's all about supply and demand. If more people are willing to buy compared to those who are willing to sell, the price tends to go up, similarly, if there are fewer buyers and more sellers, they start dropping the price to sell their assets as quickly as possible.

So, I am sorry to say this but your view about the market and the price of Bitcoin is not accurate. The actual reason for the recent surge in prices is still unknown, but there are rumors that it's because of the fake news regarding the spot ETF being approved by the SEC which in reality is still pending.

As the market is currently at a good level hovering around $35k. We have seen the price of Bitcoin rise sharply towards the end of October, although we know that a rapid rise is not a good sign and it could fall again. But I think as the market is currently pumping and fluctuating in a steady state, the market may not be dumping too much. Currently the market is in a good position and may go higher towards the end of the year and most likely to touch $40k. This could be because the price of Bitcoin is increasing rapidly as we have years ahead of us for the Bitcoin halving. We can certainly hope that since the halving, the price of Bitcoin will continue to rise and become a bull market.

Yes, I knew that the bearish market will come to an end before the end of this year 2023 which are the signs we are experiencing from the month of October where the price increased to $30,000 to make the green light stable till November when the price hit higher again to $34,000 and it show that the price will reach $40,000 before next month. Once the price reach $40,000 next month, I think many investors will begin to release their coins for sale so that they will not regret in their waiting for $50,000 to appear before they can sell in this year but it will be difficult for the price of Bitcoin to reach that level in this season. What is happening in this month of November is a something investors need to take serious to prepare for the massive bullish market that is about to take place in the crypto market soon and it will last long to allow investors to make huge amount of income that will enable them to prepare for another bearish season to come.

For me, increase is increase, I don't think that if it increases quickly then it decreases quickly. We can see that bitcoin is still trading above 34k$, so I never think that rising fast is not good. What's even funnier is that many people missed this price increase and considered it a price trap  :D :D. The market is unpredictable, we just need to simply think that this is just the movement of bitcoin.

The $40k target is an expectation for all of us, but I think that even if we reach $40k it's not a sign that bull season is here. I still believe more in history, the bull season only really comes after a period of time the halving.

Not all the time on which crypto market would really be that highly reactive with these kind of sentiments or into those situations or events which are correlated into other traditional markets or even with some economic news but lately we've seen on how these news do really make out some relevance in trying out to get in line with the current market and its price movements which it is really that linear or something.
This is why whenever we do see some news then the community would really be normally be reacting into it and this is why it turns out to be that relevant whenever a news that comes out.

Its not something that the same into those previous or old year on which this market doesnt really care at all with those things. It could move out freely without needing to follow any sentiment
but since we do really have those changes like in regulation and with those sudden involvement of huge companies or centralized platforms or government then its not shocking
on why the market is really that different now.We can somewhat be able to say at least that it is something that bit manipulative.

What's really happening to the market price since the beginning of this month? I know it hasn't gotten to 2 to 3 week but the current price is $35k and it seems like it will go back down anytime soon. What's stopping the price of Bitcoin from hitting $35k and above? This is becoming disturbing to both traders and investors and no one would tell me that they ain't worried about it.
But with time I still feel it will surpass $35k since it seems like the current price of Bitcoin has become the resistance, let's see from now till end of this week, we're going to see something different, in a positive way.

Honestly, the moves in the last one month or so, basically moving from 25k levels to 35k levels, that "move", was something that was bound to happen eventually. I can't say that I was expecting it to happen exactly when it happened, maybe it could have been earlier or later, I wouldn't really know the timing of it, but I knew that it would eventually happen. Why I knew that the move would happen? Because I think it would be fair to asses that the price will go up eventually before the halving when we are talking about a potential growth coming. That is an important thing and this is what we saw. I am glad it happened when it did, we still have some time until the halving, so it may go up some more.

Should never expect the rise but be ready for the possibility, I always think we go up when people consider a rise impossible then the selling is likely over.   Right now we appear too positive and people not considering the pullback, since either is normal I have to expect the pullback now despite appearances.
The whole of this week we have been in touch with a weekly average, the lows go to that moving average then we rise back again because we held the line it means we have been going up.  However MA is just momentum its not literal support, we know for sure there are lines of resistance ahead like icebergs in the Atlantic its certain because we know the history of the selloff from the top.  So when do we hit the negative volume of prior trades and can we take that hit, thats my expectation theres never a certainty we must go up or down tbh but for sure Im waiting for a hit personally.

Actually crypto market is volatile so everything can happen and we should prepare for it. The reason behind the up movement of bitcoin is that Bull season is coming soon and it the preparation worth for bull season. The main cause of coming Bull run is halving and the news about ETF so may be it goes more higher than present price.

There is an indication that if price is now 34k$ so when halving occurs then there will be further enhancement which will be crucial for getting profit at that time. As time reduces for halving bitcoin price become more stronger therefore hope for the best and there will be pump occurs in coming months.

Something which you do need to realize on the time that you do step your foot into this market. You cant really just make yourself that too confident when it comes to price movement and believe
that it is really not that totally random or something could be predictable.Once you do have that kind of approach then you are really that prone or bound into mistakes on which it would really be that causing for you to lose up money. This market is always been that unpredictable and there's no way that we could really be able to tell on where it would be going. Movements could really be that fast or could really be
that slow basing up on the market sentiment.

Just like been said by others that expect the unexpected and better get prepared for it because if you dont then you are really that making yourself getting those losses
which is something that we dont really like to happen but something its inevitable. This is why good choice or decision would really vary.

You'd agree with me that the movement of Bitcoin price is very tricky, it may look like the price isn't going up but with what we're seeing, I believe you have to change the thought you had that the price will go down soon, $36k is the current price and this was how it started last month before getting to $34k.
So from all indications I can see the price of Bitcoin not going down anytime soon but getting to $40k and above this month. November movement on Bitcoin price will be growing faster than that of October from the looks of things and by December it would even get to $50-$60k.

If we talk about eventual happenings, I think the whole market knew that the market had to move up someday when we saw that we are past the bear market already and there must be a bull market after that since that is what has been happening since the inception of the market. So, it wasn't something that was expected but the sudden happening was surprising for everyone because we, especially I, were expecting this to happen at least after the new year started but it happened way earlier.

I was optimistic that the price of Bitcoin would probably reach around $50k around the halving event, but if it manages to go above $40k before this year ends, I guess we will see that target getting hit way earlier than that and if that happens, the all-time high this time around will be pretty high, I believe.

Yes, what another big increased for us, I'm seeing that $37,000 will be broken within the week as the investors right now is pouring their money on the market. Bad side though is that the fees are somewhat very high. And as I have said previously, someone looks like is doing it deliberately, to sabotage the network when we are about to break another important barrier which is $40,000.

So payment is needed from all of us and hopefully the network will be back to normal. But going back to the price, short term or at least at the end of the year, it's better to see and focus on the $40,000-$50,000. We don't know to have a big surge although we can't really stop it from happening if the ecosystem goes to $60,000. But we want a a price that we can maintain before the pre-halving and that could be around $40,000-$50,000.

Very funny, the market this month is indeed productive with the current price at $37k and what you saw just came to pass, if this movement continues I think we could be seeing Bitcoin price before the end of this week at $38k or from next week.
This is just the moment investors have been waiting for and I see no reason why anyone won't take advantage of this opportunity, $40k might be by the corner but I don't see it coming too soon, let's say by the end of next week because to me is like it will happen the way it did with the month of October.

It's not funny, but it's amazing.
The Bitcoin market rallied again by breaking through the $36k resistance and was able to hit $37k++.
If Bitcoin manages to survive in that price area, of course, we will see the next highest price in the $38k-39k++ price area which is the top of the Bullish Resis.

But we will still see a price correction after TF 1 D closing, if it is able to stay above the price of $36k then the opportunity to reach the next resistance will strengthen again.

https://www.talkimg.com/images/2023/11/09/tBp3l.png (https://www.talkimg.com/image/tBp3l)

$40k could be the closest target and could be achieved as long as there is no FUD that appears suddenly.
I am optimistic that Bitcoin can break the $40k price if the trend continues to be good like this and some good news continues to appear.

There is an SEC deadline for today to either approve or reject two SPOT ETF applications by ARK Investments
and 21Shares, this may be the reason for the sudden increase over the last 24/48 hours.


https://www.morningstar.com/news/marketwatch/20231016219/bitcoin-etfs-are-not-approved-yet-but-analysts-think-they-could-become-a-reality-in-january

I'm thinking if these get approved there will be a frenzy of buying ahead of the Blackrock deadline for
March of next year.

If they get rejected there will be a bit of a sell off!

It's funny in the sense that the price has been roaming around $35k for some days now, that was the same thing that happened in October, I think it was $27k before it went up to $30k. I have that feeling that we could be seeing $38k anytime soon because in the past few hours the movement has been positively going higher than we expected. With these things happening $38-39k won't take us time to experience before hitting $40k, and I think it will get to $36k anymore.



I agree with you on the price getting to $40k if there's no FUD but we shouldn't be too hopeful of the price to be too quick to hit $40k very soon, it is either it gets to $39k and back to $38k for some days before hitting $40k and above.

well we topped 38k about a half hour ago.

so 40k seems doable very soon.

I'm not him but I can agree with you with that, because I'm not a new member here anymore and it's been a long time that I realized it. Apart from it, there are also times that BTC movements are highly predictable but I wouldn't be totally confident with it. It's better to be prepared for the unexpected so that things are still going to be manageable.

Lately, people already expects that the price will rise, because we already broke the strongest support/barrier which is $32k, and then there are also other positive factors that are available. But no bro, there is no $36k last month if I'm not mistaken but we only experienced it lately. For me, I think I'm seeing a quick correction again before we continue and hitting those numbers you call there.

If you've been here on this market for a while then it would really be just that impossible that you wont really be able to find for yourself to be able to be wary on how this market behaves and how it works
and what are the things that it could give out that kind of effect on which we know that its never been something that so easy to guess on where it would be going but there are indeed moments on which you
could really be able to predict out basing up on the sentiments that it do shows specially if there is much news in the market then you do already anticipate on where it would be going.
Somewhat it does really give out that kind of idea but doesnt mean that it would really be precisely be able to give you out that kind of finalization about of your positioning.

This is why it would really be still mattering on how well you would really be considering out on making decisions as this one would really be most crucial part
as a trader or investor on which making out decisions basing up on what you have learned or do able to make yourself that based up on experience.

Isn't this something we hope for and especially for long-term holders like us, conditions and moments like this are the ones we have been waiting for. This shows a good increase and if we want to look at the amount of bitcoin assets held, we might be surprised if we look at the percentage of the initial value to the current price value.

Of course only a fool would not want or expect this kind of increase, isn't this moment that makes us believe in investing in bitcoin one of the best? Almost most people try to link the ETF issue as the trigger for the current price spike and of course there may also be a significant increase in demand in the market. If the clarification regarding this fake news is true like many of the news that have appeared, the price of bitcoin should fall and my guess is that there is something else that is triggering the increase which is caused by much greater request at this time

Could be, but as of this moment, there are huge selling that is happening, so I don't know, we might have to retest the $35k as the next support line as the price goes down to $36,100. But let's see, Asian market is about to open in the next 2 hours, so who knows, maybe we might see some buying action after their market reopen in the next couple of hours. Usually when the Asian market opens, there is a big spike in the price, at least that's how I see and observed years ago.

And it's good to see that we have reach $38k-$39k although I didn't see it personally. But looking at coinmarketcap, yeah we did breach that price and I think it's going to be a good indication that we are still in the bullish state for this month.

To be frank with you, this month movement is really cunning and with the looks of things is seems like it won't surpass $36k, since some hours ago it got to $38k and now it went down to $36k I can't tell the reason why but I still believe before the next 2 days it will have that strong hold to keep going higher to $37-$39k. So $40k might be happening next week.

Technically speaking 37k has been broken, we have seen it go above that, and that's a great thing, I certainly enjoy it a lot. I believe that we need to end up with something that has to be very important with time, and right now we are getting closer to 40k, that's the most important part of the deal if you ask me. I understand that it is not all that easy to handle all of this, there are a lot of people who are not entirely sure about the situation, but I believe that we need to keep it going.

If we can hold for a while longer, then I am sure that the price will do a lot better, and considering how dangerous point we are in right now, it is clear that we are going to end up with something that has to be very big deal, can't be undone, just give it enough time. If we are so excited about 37k right now, think how much better it will be for the whole market when we finally see the 40k price broken and then 50k and then 60k, it will make the market go crazy.

Even the last week increase shows that we have done well enough, I get that not everyone is looking at that, but that is definitely a great approach and a great situation to be in without a doubt. I get that some people are looking at the last 24 hours a lot more, or even look at more than a week, but if you look at week by week, bitcoin has been great.

It always has 5%+ increases per week and that's an important deal. I think we should be noting down the fact that if we invest, we might be in profit a week later, having that is a big benefit. I am not saying every week would be like that, some weeks are like that and some are not, we need to just arrange that it is going to be quite good in the end one way or another. We should be considering the situation to be a little bit better on the long run, and for that to happen we need to arrange something that would be short term investment while also long term outlook at the same time, that's very important.

Yes you are right about price breaking $37k from a technical standpoint.  The recently retracement to $36600 does not also negate this however, some stability is needed above $37k price point to fully establish that we will see $40k soon. I also agree with you that $40k is a significant number that Bitcoin need to reach as this will create huge impact in the media and the Bitcoin community. If price reach this level before the end of this year, clearing the ATL will be an easy thing because holders will be in high optimism.

I think that even if bitcoin corrects from now on and drops below 30k$, there will be no scenario where we drop below 15k$ and make a new bottom. I believe the bottom has been set for this bear season and we will not go back there even if another black swan appears.
The target of 40k$ is the target we expect and we will most likely achieve it, but whether bitcoin will continue to rise to 50k$ or will correction, no one knows. Nothing is certain in this market.

Bitcoin experts and professionals maybe only succeed in analysing bitcoin to an extend but accurate prediction of Bitcoin value is a one whole impossible for everyone.
Just as you said at OP, only an insider would be able to have such predictive aid.
However, I expected the values of Bitcoin to accelerate in a speedy pumps considering the stagnation of its value hovering within $26K around July to September but though I never expected it was going to be at the exact value of now.

There's no such thing as professionals here, all of them are just the same, just like you and me, making wild and educate guesses. So there's no accurate prediction of bitcoin and as you have said, it's impossible. Although one might claim that he could be right after all, it could be just coincidence as there's no way for someone to predict it with 100% hit. In any case, the prices really did recover already from last month or the previous months sideway patterns. If I'm not mistaken, since April of this year that cycle started and then we saw some mild swing. But this October, as the OP put it, no one expected a huge spike in the price. And then we break the biggest barrier of $30k, and then slice it like a butter, goes on a bullish run up to almost $40k. Now at $37k, anything goes, we can say that the next obvious price we want to break is $40k to even $50k at the end of the year. So let's see if the market can do that.

Ascertaining the exact value of Bitcoin at a particular time though seems very difficult but I don't think it's impossible sometimes professionals do speculate so well and it turns out the price they speculated or probably something very close to their speculated price but it's not often the exactly the price but usually close, this usually helps to give very close clue to what should be expected at certain times although they are not financial advise as they reverse could possibly happen after the predicted speculated price. Definitely personally I expected Bitcoin to go above $26k because checking back at it's price history it has gone beyond that before and it's fall was due to a bear market and it was normal it later grows above the price it has done before and currently it's somewhere around $35k .

There are still to those people who are really that hoping that it would drop back again on 10k or even with those 15k price.For sure majority of us did really have that kind of regret in speaking about
missing out the opportunity on buying into that point because it cant really be avoided for you not to think about those probabilities knowing that chances like these arent really that
something to be seen on future cycles to have. Just like been said that its always been that recommendable on having that kind of behavior on which you should expect always the unexpected to happen.
This market is volatile and totally unpredictable on which there's no way that you could really be able to make up conclusion on what are the things that could possible happen ahead.

Price could go up and down into certain extents and totally cant be predicted on where it would be going and until when it would really be that stopping and making up some pullbacks or that u-turn.
If you are really that making yourself that too optimistic then it would really be resulting into those actions which arent supposed to have or to be done. Mistakes is common
because dealing with this market could really cause up with those series of possible errors because just like been said that its totally random
and no matter how well you could assess up on things then it would really be that impossible.

no one can give a precise reason because everything is just an assumption. but in my opinion the price spike that has occurred recently is because we are getting closer to 2024, where many believe that 2024 is a bullish year. I am sure that after this the price of Bitcoin will often experience price spikes because more and more people are buying it for investment.

To a great extent, I agree with you because as we approach 2024, a lot of market behaviour will occur that will surprise a lot of people and make some to panic. Market must sure sign of being completely unpredictable and that is the beauty of it. It will be wrong for anyone to think that the bull run will start without any form of market manipulation, it is bound to happen.

Even when we expect some surprises, I think there should be expected extent to which the market can go even though there is no certainty to it. That being said, we will see some major retracements every now and then while the market progresses towards 2024.

There isn't really a "value" for bitcoin, there is a price of it but there is no value. That is the whole point, this isn't a product, this is a currency, the value of it is compared to items or other currencies. What is the value of a dollar? There is no value there, it never had, there is a worth of it, when you compare like how much one apple worths? Or what dollar worths against euro, but there isn't a value of it.

The same goes for bitcoin as well, it is not that great when you start to think of it in value terms because you will not be able to calculate the value, there is none. The price however goes up, recently it has gone up a lot and that should tell people that we are doing fine, bull run is around the corner and maybe we could even consider this a start. Remember, the bottom was 15k, we are at 37k right now, that is 150%+ increase, not something small, we have already more than doubled our profit if we bought at the bottom and we are still nowhere near the end.

If you don't know the reasons behind the rise in bitcoin prices so far, then get some references to strengthen your assumptions. Bitcoin rose high because some investors believed that a spot ETF would make the price increase many times over. They take advantage of the opportunity to buy at lower prices and hold until their target returns are reached, but the halving factor can also be a reason why prices become more expensive.

Spot ETFs are the biggest reason why prices are going so high right now,but it's a welcome price recovery as we have been in a bearish phase for a year now in 2022. Recovery is expected and it has started since January 2023, so now is the time to enjoy some percent returns although I don't intend to sell it so soon.

Now is actually not the right time to sell because the increase is not maximum enough. 
When Spot ETFs are the reason for Bitcoin to rise and reach higher prices, then it's still worth the wait.
We can see how Hyped ETFs can make Bitcoin rise significantly, in the Hoax news published by Cointelegraph which made the price of Bitcoin immediately reverse.
Even though it's just Hoax news, especially when the official Spot ETF news is received, this will be the news that makes Bitcoin reach its highest HArga and added with a 4-year cycle which is the right moment for Bitcoin to reach ATH.

Since January Bitcoin price has been gradually improving and rising slowly, experiencing some corrections that are reasonable enough to make strong Support and now Support at the price of $30k is a strong support.
We will wait to see how Bitcoin moves towards the end of this year.
The possibility of that correction is certain to happen But I remain Optimistic with the new ATH 2024-2025.

If market conditions are clear and certain if they rise there will be big money entering the market. There are purchases from large institutions, for example a few weeks ago from Microstrategy and there is the latest news, just read at https://cryptoslate.com/fidelity-files-for-spot-ethereum-etf-trailing-blackrocks-lead-by-two-days/. There is definitely a snake attraction and it's best to wait for the continuation of the Bitcoin spot ETF in January 2024.

Unexpectedly, this is profitable for those who have BTC and the price has risen very quickly, it's hard to predict. As I recall, since prices started at $26,000 a few months ago from September. Endless surprises like this could happen at any time. Well, since several years ago, November-October (Phase 4), the trend has been like that. From my perspective, there doesn't seem to be any particular company or event that we can directly attribute to this spike.

Many people say that, and starting at the end of 2023 this spike will begin to occur. Will everyone be competing to invest their money here!

The price of bitcoin rises because the demand for it is growing, people are in hope for taking profit in coming Bull run therefore they are doing all what they can for buying large number of bitcoin. The main reason behind bitcoin recent growth is repetition of four year cycle in which halving is the major event.

In coming months this growth will enhancing, quickly and definitely it will rise to the price of above 40k$ so if prediction comes true then due to halving bitcoin will certainly touch the value of 70k$ or above. Bitcoin is successfully growing as compared to all other coins so those individuals who don't have any bitcoin are still waiting for halving because they know that with bitcoin their other holded coins will also experience same Bull run.

I think I have explained clearly the reason why the price of bitcoin has risen recently. If there are differences of opinion, I don't think it's a big problem because maybe we get references from different sources.
In my opinion no matter how many references you read they are still just assumptions or theories because the references you get are only analyzes from experts and their truth is not absolute.
but thanks for the advice ;)

Predicting the price of Bitcoin and hoping for it to happen that way is a risk some investors take, which to me is not good. When we're having Bitcoin price at $36k some might say in the next few hours it will go back to $37-38k base on prediction which won't happen, that's where is a failure.
Currently the strongest barrier is $36k and it has been on that price for almost 2 weeks, I think. I still believe it will start making a positive movement from this week, who knows we might be seeing it surpassing $37-38k, before the end of this month $40k might be the next target.

It's difficult to pinpoint a single reason for the recent spike in Bitcoin's price but I'm very sure the launch of spot Bitcoin ETFs has certainly had a positive impact on the price of Bitcoin. It makes sense that giving investors a new way to invest in Bitcoin would have a positive effect on the market. And again, as you mentioned, the 2024 halving is likely contributing to the hype despite there are many other factors at play. Many people are now seeing Bitcoin as a potential hedge against inflation and geopolitical uncertainty. And, as you said, more people are learning about Bitcoin and seeing its value as an investment.

I definitely agree with this because trying to predict the price of Bitcoin based on gut feeling or hope isn't a sound investment strategy and price predictions can be risky or even lead to disappointment and failure. You need to look at the fundamentals and analyze the market carefully.

It is expected that the price of bitcoin will rise significantly in 2024 this means it will peak after halving in 2024 both the all-time high and the target after the halving came courtesy of charting with bitcoin mimicking the behavior of previous cycles. Bitcoin halvings are often followed by a lot of volatility in the cryptocurrency market. Investors don't sell too much of the coin as profits grow in bitcoin and even if they sell a little their cash flow will be good. This will reduce the net supply of bitcoin and keep the price up.

In as much as we accept the fact that there's risk in investment and other related Bitcoin affairs, we must be very careful to avoid those risks, some investors who rely on prediction use it always in trading, they have a high risk of losing more than they can get.
Today we're seeing the price of Bitcoin at $36k, and is becoming boring but we shouldn't say it will go down, yes the price is still surprising to be at that amount for long but let's see how it will be like when it starts making a move out from $36k.

You are very correct, indeed 2024 is a big year for Bitcoin and cryptocurrency in general. The spike may not be affected by next year's halving immediately but the rumours of it could have direct impact as shown by the reaction of the market when Cointelegraph made the tweet that later came out as a mistake.

If the ETF happens to be approved, the market will respond so fast because the ETF will pave way for big capital to enter the market. Now seems to be the best time to buy Bitcoin.

The world of financial investment in the digital world belongs to everyone and anyone is free to invest, but this also varies, only those who believe in the growth of the world of cryptocurrencies. If you don't do anything, why should you keep yourself busy ;D ;D.

Yeah @itorai. Many people have expectations in this direction, especially in 2024, will it come true or will the dump be even worse than yesterday and Have you started now?

Well if you are not like the OP, who is no expert, you are definitely going to be surprised for a happening like this because you didn't expect that it will occur. However, there are also people whom even not an expert, can still expect a movement like this. They based their prediction mainly around fundaments.

If we bought earlier than the price that we now see, indeed that we can be in profit already but I believe that many will not sell yet because they think this was still small and they are now convinced that the bull run is coming ahead. There may be no events that can be attributed in the spike but there is a particular company that is involved. That would be the Black Rock with their BTC ETF proposal.

Such as ETFs will further complement the market, where indirectly the presence of spot ETFs will have an impact on the estimated large institutional and retail inflows that will help increase Bitcoin.

But, if we look in this moment , the SEC is still monitoring the situation and continues to seek updates and comments from the public regarding ETFs because Bitcoin works on the concept of distributed authority.

But we still don't know whether it is true that in 2024, there will be a big spike in the crypto market. We can only guess because there is a halving moment for Bitcoin that could trigger a complete market reversal.
But that also does not guarantee that the market can immediately reverse direction because there may still be a waiting time for the market to reverse direction and start getting a pump for many coins, including bitcoin.
But when the ETF is approved, it could be a price jump for bitcoin because it is time to turn things around. We can only hope that what we want can come true in 2024.
In the meantime, we should use the time now to buy more bitcoin.

By looking at and also paying attention to the flash crash that occurred at the beginning of January this year, I think the difference in price is not that big, only 5k and I think it will be very easy for the whales to buy it if they want to. For market volatility it is exactly as you describe but with strong buying action it will easily be able to reach the 40k mark for BTC at the end of this month.

What I have in my mind is that this year it will reach $50k and it may be very likely that it will happen , because there are already Signs that it will happen , that is Something that can Happen because many investors have not wanted to sell their BTC Although they are in profit and that is already something that says a lot, for anyone who reads something like this it means that the next bitoin movement that is coming is very high, that is to say that a price increase is coming that can change things , Any trader can change because he is in profits , because he already has 5% insurance if he bought it for $30k but things look more Interesting , the price may not go up but everything indicates that it will.

The current price of Bitcoin is something that some never expected at this closing part of November, I believe some of us especially me was expecting to see about $38-$39k or even $40k before the end of this month. But it looks like the first week of December can give us something more encouraging to investors, let me say $39k might be the start up of December or by ending of the first week of December we might be getting that $39k and above. Let's see what this month would end with, I believe it will be green throughout this week.

I think there is a small difference between the current price and your expectations. Even if it is the end of November, 36-37k is also good. There is no growth without corrections. Maybe at the end of this year we can see 40k.

Having this $40k in mind to happen at the end of this year can also happen this November, the way this market price is going, the price is really acting strange because no one knows when it's going up or down and we all want Bitcoin price to always go up but it has no pace to show that it's getting to the expected amount, all we see is $36-37k which is some how confusing. I wish to see the price of Bitcoin go above $37k without coming back to $37k.

I also feel surprised, this year's November and December should have been a sharp decline, but instead the market is moving up and seems unpredictable, is this something real and can change the historical charts, but many say that history will always repeat itself, or is it too much? lots of intervention from various parties so that the market pattern changes drastically?

At the end of this month it seems that it will not immediately move to $40K, because the Bitcoin price is still experiencing corrections at around $37K and has even been below that again recently. So to see $40K in Bitcoin by the end of this month is very far from possible as in a few days everyone will be heading into December with the current market conditions although it is not wrong to expect $40K next month in Bitcoin with whatever effect that could have causing divergence into the crypto market.

Price increases will still occur in Bitcoin this year, but the price benchmark you said seems too big for Bitcoin to reach this year because everyone only has a month left to see what the price of Bitcoin will be at the end of this year. The influence of investors and also of holders who still do not want to sell this year is there, but for a range that is too large it will also seem difficult for Bitcoin to achieve unless it only exceeds $40K or a little more than that range.

This is the last week of November and yet nothing positive has happened, I still don't understand what's keeping Bitcoin price at $37k for long now without trying to stay at $38k for a while. Is it that we only get to see how poor the market price has been for over two weeks now and we haven't seen $38k come to play and stay for only two days or 24 hours.
Are we really missing out on something or should we be expecting a very fast movement before we find ourselves in the month of December? Because I'm expecting to see a change in the market price, a positive change, like having to see $40k by the end of this month.

I think we can still go and reach $38,000. I have the feeling that the bulls are going to push for it at least at the end of the month so that the sentiments will still be positive going into the last month. And we really didn't expect this, obviously in the early months of this year we look for a good movement. But I didn't see it coming to at least make 100% or more from the last lowest low.

And it just shows that the market is still has a lot of surprises for us. Maybe at the end of the December, we could see $50,000? That is a big jump, but then again, market is volatile and sentiments are still positive so who knows, maybe that will be the year ender surprises from all of us.

It was not a surprise to me when I saw the new price of Bitcoin in the market, because I knew November will make a difference that will give holders hope of what is going to happen december, and the price has hit $38,745  few days ago, and there is a hope for the price to hit back $40,000 before the end of this year 2023. Based on what holders has experienced in those few months, showed that december will make investors to experience joy they have never experience in their investment before, and other investors will use the opportunity to embrace the coin so that they will be part of those that will earn when the price increase higher again. The green light is already taking over the market, and I believe it will remain stable through out the remaining weeks for the price of Bitcoin to reach above $40,000.

The world of trading is always dynamic and what we previously predicted would and might happen sometimes does not happen referring to event data and today there was a reversal. Personally, I might not focus too much on this, indeed history is data that is very helpful in analysis when the role returns. If you want to maximize all components must be estimated, especially now. Regarding market sentiment, in my opinion there is more good than bad so that investor expectations no longer hesitate and think a lot about entering the market. Additionally, I think it's time for BTC to recover after a deep correction in early 2023.

I'm thinking how would he call November and December to be a Sharp Decline ? maybe November has a little bit but December? am not sure if this is truly a bad month because according to my experiences?
December is the most bullied Month of the year but not the whole month because mostly it changes before the month ents.
and according to what expected by some predictors ? we will be hitting 40k and above by this end year.

Market patterns will not always be the same every year and it is very natural that you have seen changes in market patterns this month. Because the sense that history may repeat itself is at the rate of increase and decrease only, not in what month Bitcoin will decrease or in what month Bitcoin will increase. So you have to understand this differently because the pattern of increases and decreases for Bitcoin will always exist, but no one will be able to guess exactly in what month these two things will happen again for Bitcoin.

Bitcoin's recovery at the end of this month was also caused by the increasing confidence of new investors this year in Bitcoin, so what we are seeing now is a very natural thing to happen to Bitcoin because market conditions are now slowly starting to improve. Investors' expectations for next year are so high that there are many investors who want to spend their money to buy Bitcoin this year to get what they are dreaming of now through the crypto space.

If we look at several years, especially in December, there are always price changes in the market for Bitcoin, whether it is a change from an increase in price to a decrease or vice versa, as we are seeing now. I also think that what some forecasters are hoping for will probably happen this year, namely for $40K in the price of Bitcoin even though for now the price of Bitcoin itself is still at $38K, but there is a possibility that Bitcoin could be at $40K next month If price improvements like now can continue to occur in the market.

I really like the way things are going in the market because we don't get to say this will happen at this particular time, it just has a different way of surprising us and since we haven't seen something new like $38k $39k and $40k since this month I believe is what we're expecting.
Before the end of this month of November I have this feeling that the market price might start another fast movement again like last month did. And if it does, $39k might be the last we could see from this month or even something like $40k at the end of November. $50k is never going to occur this year because we haven't seen any positive push to start having the market price at $50k.

In times like this, such market situations will indeed happen. In fact, only the experts are the ones who benefit greatly from getting profit in terms of trading activity on every exchange platform that we will do trading activity on.

Some may not have expected this scenario, and others may have expected it. And for others, they don't care because they are long-term holders. But for me, I really expect the price value of Bitcoin to range between 40k and 50k; that's actually what I saw based on the analysis I did two weeks ago.

Bitcoin had already recovering because there are some good points and increase happened
this month alone and now we are leaving the November month then another predictions may  come in December
because we are going to see more correction and recovery because sooner or later halving will take effect and the
increase will come as we have seen this for many times now for how many Halving and Bull run happened in front of us.

I expected a reversal by now but you can tell the price is slowing in its attempts upwards.     The main trigger is I think is external like news event and the dollar index.  The overall move is fair but much faster up then down would be how I would have predicted it, quite a few thought 40k would be possible as soon as 30k was passed.  This whole area is strewn with old volume and trades delaying any recovery upwards, even with continued buying there is probably enough sellers to stop price being forced upwards.

For now I don't anymore ;D
because I started it a few months ago.
#Everyone's beliefs can have a real impact

So, I followed the flow of all the information I got.

Looking back into the past or history wont really be that bad and if we do tend to see that there would really be some corrections and declines when December hits excluding into those bull run period on which it is really that making those increase but now that we are fast approaching on the halving period the in between with these dates then there would really be that a possibility of some dump which this is something that im really waiting
or to those people who had been anticipating for such situation. On the time that you do set your foot into this market then you should really be that prepared on whatever things that could possibly happen.
Neither dump or pump, no one really knows but one things for sure that once you do deal up with this market then you should really know and expect that anything could happen along the way.

Therefore, it would really be always that wise that you should really be always have back up plans because if one fails then you could do the other and so on. You should really make
yourself that prepare so that whenever things happen then you wont really be that getting shocked or becoming that impulsive.

The market is about to enter early December and $40k is still not reached, this is still quite difficult because many sellers are selling to influence the market price. $40k would probably be reached this december if not for higher sales. But Bitcoin needs to get through this month of December because some traders will sell their holdings in preparation for the winter holidays and we know every year this happens, But hopefully some of the dips that occur will make Bitcoin even stronger to jump higher

December is a new month which we all know and the price we saw by the the end of November was all about $37k but now we're no longer in that $37k any more with $38k on the mix, with that I believe $40k will soon be the next and probably make way for $41-43k and even higher.
From how people are expecting a dull month I feel we're going to see something that might make seller hold for sometime to sell by the end of this month (not to sell too soon). If all things went well in the market price I believe we could be seeing Bitcoin price get to $50k+ before new year.

I also believe December could being us to $40k. One of the reason why, is that people tend to have money during Christmas season. I mean most of us receives bonuses from our companies, so this extra money everyone will have might get a portion for bitcoin accumulation.
We're currently sitting at $38,700+, very close to 40k and we are only at the beginning of the month. If it cross 40k in the next couple of weeks, there will be a good chance it would close out around 43-45k before we enter 2024.

There's still hope if it's getting to $40k and that could happen this week and from the looks of things I feel we might achieve that. If care is not taken the market price could start moving very fast to get to $45k before the next 5 days, who knows, Bitcoin price could follow up the way November did or a little bit better and we might be landing on $50k before getting to the 3rd week.

Now the price of Bitcoin is $38,725 and to reach the price of $40k less around $1,300++ again,
this is even very close and if it reaches the price of $40k in early December this will certainly be a positive trend for Bitcoin.

Even Bitcoin will reach over $40k if not the FUD that appears or the bad news about Bitcoin or crypto.
Moreover, if a spot ETF is accepted, it will be a good starter for higher gains.
Bitcoin will be ready to welcome the new year 2024 and get closer to the impending halving.

Definitely it will get to that point that we would be seeing $50k+ and we're going to see something positive in this month of December, who knows $60k can come to play depending if the market price would stick to that fast movement before heading to next year. This month is really going to make investors gain more than they have lost.

$60k is next year's price that will determine whether Bitcoin can pass its last ATH and mint a new ATH.
But we need to focus on December this time, If Bitcoin is able to be bullish for December then this will be a positive trend until April 2024 before the halving arrives.

The $40k-$45k price area for this December is already quite high, of course there will be some correction first before the high rise occurs.

Currently, $38k has become a fairly strong support in the Uptrend Console area and Bitcoin is still trying to reach the Bullish Resist area.
If it is able to break and close above the $40k mark, it will be a safe enough area to continue Bitcoin's rally.

https://www.talkimg.com/images/2023/12/02/NfHnw.png (https://www.talkimg.com/image/NfHnw)

really hope to approach the price of 43-45 when entering 2024. that would be an extraordinary achievement for bitcoin and would be the start of bullish bitcoin until April which coincides with the Halving that will occur.
Seeing the effects that will occur caused by the halving, of course this will be a good opportunity to start buying and holding. When it can pass the previous ATH price, it will be a starter to reach a new ATH

At this early stage of December we're seeing $40k that we have been expecting since the 2nd week of November, let's see if we're going to have a barrier after hitting $40k. And I also feel that the market price is much more positive this time around and is not going to be a stagnant price like we saw in November, like having a back and forth movement without any progress ($35k-$37k without going forward).
If we manage to get to $45k before getting to the 2nd week without any pause in price then it's official that we might be heading to $50k this December.

Is it too fast if bitcoin hits $50k this December? And is that really a good thing for us or just a bigger trap waiting for us? Honestly, I'm more satisfied with the current price than expecting bitcoin to continue rising without any correction. Sustainable growth requires adjustment and movement in a ladder shape rather than vertical growth. I think I will start to be more cautious when bitcoin hits $42k this month instead of expecting bitcoin to continue its vertical rise to $50k.

Finally, December has prove it to investors that the price of Bitcoin will definitely reach $50,000 before the end of this year because the price has hit back $40,000 few hours ago, which is many investors expectation before the end of this year. Since the green light is still stable in the market, I think we will continue to see positive results from the market that will make investors to exercise patience with their holding for the $50,000 to appear before they can sell to make income from their investment. Base on what am experiencing from the market right now, show that the bullish season will fully mature before the end of this week to allow both long term investors and short term investors to experience incomes in their investments.

It has been a great start to the week not just for us but everyone who is looking for to invest in any cryptocurrency. Bitcoin is definitely one of the things that you could start to put money into as long as you can risk that amount. It's fun to see how many people are going to witness this and I hope that everyone is making the right choices and believing that it is the right thing.

I do hope it continues to rise.

What's wrong with Bitcoin getting to $50k now or tomorrow and must there be correction before we could see a growth in Bitcoin price?😅
Just let it be with the market price because we could be seeing something different and I don't think with the way Bitcoin price is positively increasing, that is a trap, is just a good sign that we might be getting to a bigger price come next year.
My major concern is the price hanging at a particular price for almost a week before sluggishly making a move and later coming back down, but I hope this time around it would be a positive movement.

I would have totally agreed with your stance if not seeing what the market is doing right now, and no one can crucify you for that as you are still valid with this view till this point. In fact, Bitcoin almost hit the much-anticipated level of $45,000, which will be the last level before the hit of your preferred $50,000. But at this point, I can bet with anyone that Bitcoin may not be hitting $50,000 anymore this year and the reasons are simple. First, the coin has been moving so much upward without any sizable bearish movements. You can imagine Bitcoin moved about $20,000 upwards in just 4 months and has not had a tangible retracement ever since then. That is not the way the market works, so I believe we should all be careful, there might be dangers lurking ahead. The reality is already happening and people have started seeing the light in this kind of cautioning condition we are.

From the price of almost $45,000 hit last week, Bitcoin almost breached the psychological level of $40,000. This is now a warning for those who are conversant with how the market behaves. The weekly candle is already bearish, and so is the daily chart which in addition has bearish price action aside from today's candle that is bullish, but for how long? I see this as a serious threat to a continued bullish trend and if the psychological level of $40,000 is even truly breached again, we might be seeing Bitcoin as low as $37,000. I use the psychological level at this time for the laymen to fully put it in their heads if eventually happens, however, the actual professional target after breaching the level is a close approximation of $37,200, of Fibonacci properties on the weekly chart. However, a successful breach of $45,000 might announce $50,000 speedily, but I doubt if this can ever happen this year.

And as what we have said, most of the time to move forward, we will have to go into correction, it might not be that deep, but at least a respite from the market as it's obvious that we can't go on parabolic rise. So in the last 24 hours, we've seen the price hovering it's support line of $40,000.

So to go to $50,000 we must first see this kind of dip. It's not that bad though, at least at the current price, everyone can still go and invest and buy at this price. Because investors are looking for a small correction before they invest. We still have at least 2 weeks before the end of the year and there could be a lot of surprises along the way (ending could be $45,000-$50,000).

Looks like this is going to continue for a while as we have not seen any major sign of price correction apart from one or two days where have witnessed fall in Bitcoin's price which led to drop in value of Altcoins as well but now it's heading upwards now and things looks good. There are two things which is will enhance the chance of extended bull market the first one being the Spot ETF and the second one being the upcoming halving, still it's over basic responsibility to keep an eye on market and if we are trading then using SL is must.

You're right, there's no specific account on what happened towards the experience we had from the past two days on bitcoin market which has led to the fall of other cryptocurrencies along way, nevertheless this is not what we should be much concerned about because there will always be a sustain bull season althrough, this is normal to experience with a volatile market, but the other indicators are pointing at the bull market more than the bear till after the halving next year.

We must all Know that the best Investment of all is Bitcoin and in the plane only of cryptome leaves, Bitcoin is the only reliable Currency, there is nothing more to be reliable, Bitcoin is the only one that has gone that confiabza title, so that We know we can give that many good things can be given, the one who trust Altcoins is like being in a cloud, he pegs into any moment and not getting up anymore, I know many friends who began to trust some Altcoins and some Tokens, and everything is in losses, some tokens will never suck.

Those who confine in Bitcoin are Intelligent persons, there is no other Explanation , because they know that currently there is no Other safe Investment , and those who know from Bitcoin know that it is going up a lot in a fury that is not so Distant , some Compare what they are living Right now as what Happened in 2017 , but for me it is not something that is correct, I do not see it that Way.

I do not deny or argue with you that bitcoin is not the best and safest currency on the market. But is it true that those who hold bitcoin are intelligent and those who invest in altcoins are stupid? Because as far as I know, many people have also become rich by investing in altcoins, some altcoins like ETH, BNB, DOGE...To me, a smart investor is someone who makes big profits in the market and it doesn't matter whether they invest in bitcoin or altcoins.

You are a bitcoin investor but if you cannot achieve better profits than altcoin investors, gold investors, real estate investors...then no one will call you smart. People only look at the results you achieve to evaluate you, but no one cares about what you are doing or thinking.

You are absolutely right that we should always be mindful of our returns and not look at where we are investing. in some coins we can get a good profit, but where there is a possibility of getting a good profit there is also a risk of high loss. I think at the current price we can't get as much profit from bitcoin as we can from altcoin. However, as far as I am concerned, investing in Bitcoin is very important along with altcoin, because in altcoin we invest to get more profit while in Bitcoin our capital can be more safe.

You are right that many people have become rich by investing in altcoins but you will also find many people who have lost their capital by investing in altcoin. For example, Luna and FTT tokens lost a lot of people's capital. Therefore, only altcoins should not be trusted. We must invest half of our capital in Bitcoin.

Bitcoin price hasn't been what we expected this year and December (2023) has also given us a disappointing amount because we all expected the price to be up to $50k before getting to 2024 but still it didn't, to me it was a poor performance in the movement of Bitcoin price.
This year even got worse that it (Bitcoin price) could not surpass $45k and keep moving to the next one and stay there for long.
Of recent we saw Bitcoin moving to $47k but it didn't waste much time in getting back to $40k and now is $41k. While the price is not favorable all these while I feel is the main reason why we had that high fee rate. But as everything has come back to normal I feel the price of Bitcoin will as well be going up without coming back down, let's hope it goes that way to put a smile on traders and investors.

because the market has been rising for quite a long time, I think we will see a correction first, after that we will see whether the market provides positive conditions for it or not.

I think the correction has already been made and the market condition should have been in a good state for long by now but we are seeing something different. Sometimes it's like that's how it's suppose to be for a certain number of days or months before things get back to normal and coupled with the fact that we have the halving on it's way.

predictions like that might be true, because they get the news at the beginning and buy it, the rest when the bitcoin etf is received they will sell it.
Or is this purely market demand?
I don't think it's possible for the market to do that at the moment.
still thinking whether this year btc will continue to rise every month.

Disappointment? How? Anyone expecting more from Bitcoin despite how much it performed last year is an ingrate. The issue is that human expectations will always be more and more, it can't be satisfied even as things progress, and what I can only relate to it is greed. From the beginning of 2023, Bitcoin started barely at $17,000 and moved higher in a few months and was able to hold at almost x2 of the price for many months after. All what I saw was mainly $40,000 on the forum which I never knew Bitcoin would even reach throughout the year. But for the ETF hype, the coin moved higher and even beat the expectations of people and almost hit $45,000 in the year.

In the second week of 2024, it reached above $49,000 which is closer to $50,000, anyone who is not greedy should have even liquidated their position if that is what they are so desired to do. Bitcoin, as far as I am concerned, was heroic last year and what we are experiencing this year is very normal. We all know that ETF made it move too much, and the market was overpriced, so it is normal that it shed some pips to ease itself before there will be the continuation of the bullish movements which I believe will hit the $50,000 easily and pass it this year. We should only be grateful that it hasn't dropped lower than its current price ($41,595) now.

You're really funny to think that anyone who expect more from Bitcoin base on price is an ingrate, you really have to work on your words brother. You don't get why I said what I said.
December expectation on the market price was high, is like you haven't been following up the movement right from September if I'm not mistaken.
December was suppose to give us something close to $50k if not $50k, so when the price started dropping that was why I said disappointing. It was suppose to follow the flow of the market price as other months have been doing.
And nobody is greedy or an ingrate like you call it, this is what we expected to happen not that we ain't cool with how the market price has been.



I agree with you that Bitcoin has been doing great but is like a step, without all these speculations and expectations I don't think we would have been pointing out the prices in every month. When they ask how much do you expect Bitcoin to be before the end of January, I believe you'd to say $60k or above, but when it doesn't get to thqt amount or higher and it start going back down to $30k it becomes disappointing because that wasn't what you was expecting from how it has been going.
We are grateful for the amount we are seeing and it should continue going higher not lower, $41k should start making a move to $45k and surpassing it, that's it.

Now that institutions or government is already in into this market then it wont really be that shocking that there would really be those kind of manipulative acts on which
it would really be that normal that now they are already into this market. Expect the unexpected on which prices could really go into those movements on which the community is least expecting.
We do know that there would really be those unexpected movements which is really that totally opposite on what the market is really that showing.

As a trader or investor then you should really be that versatile because if you wont, then expect you would really be making bad decision on the time
that you would really be making out these kind of steps. This is why you should really be attentive and be wise on every steps you would be making.

42.2k is not far away thats about a weekly average.  If we can average above that I can believe BTC is acting positively and regaining some of the recent losses.      Otherwise I think we're drawn lower for just this moment until we resolve sellers, probably at that lower price  it swings back to favor those who wish to acquire and accumulate more then the profit taking thats been a feature since the recent high.
  It is fair to note we've come a long way, not all sellers appear at the same time now might be the first time people who bought in the teens start to sell or at least rearrange their holdings.   Generally this whole year seems likely to continue to be an opportunity to buy.

I understand quite well, and Noted, I will be more refined with my word (ingrate) next time. But to me, I never see anything big deal there since I was just referring to the over-expectation of people on Bitcoin despite the fact that the coin performed well last year and the first 2 weeks of this year. I believe that investors and traders should be contented and appreciative if they actually gain and not lose even as Bitcoin almost hit the level you called with only about $1,000 deficient, which was why I used that word. As a trader and investor, I've learned how to be appreciative of the market, this has also helped me to preserve my psychology since nothing is so little, as long as it is a gain, is better than a loss. I do not want to repeat myself again, but one thing that is certain is that Bitcoin sold for over 2 years, we do not expect it to recover so fast, and if not for the ETF, we wouldn't have seen the coin crossing $33,000, not to mention hitting the year-high of $49,000+. We also do not expect it to hit the ATH in just a few months, there is time for that and patience is needed no matter how aggressively we want it to push higher. We are all expecting halving, the current ATH was hit by the effect of the last one, and in the next one, higher levels will be patiently touched even as it moves past your $50,000 soon. This might even happen before the halving, but most likely after it. Cheers!

Not everyone have the same taste for something and in the case of Bitcoin price some might be contented with how the market price is why some won't, to me I'll appreciate the market movement only if it keep going higher but when it starts going down I can't even say Bitcoin price is doing well. At some point some people said Bitcoin is going down but I never saw that happening because from just last year alone it shows that Bitcoin is just getting started.
So why we all have how we appreciate things and like you know we're all humans that's why we want more and more that's why it seems like we don't applaud Bitcoin for the best it has gotten since last year. As an investor don't tell me you won't want more from Bitcoin.
Don't worry with time you'd see my $50k (like you called it) coming to play in no time, that's if the market price is moving in a positive direction.

Yes, everyone wants to own some BTC not just investors, me to sir :). However, the assumptions you convey make sense and it is best to monitor the market further while the market correction is continuing. Indeed, after the ETF was approved, it initially received a lot of praise and for now many are holding their breath looking at the prices on the market. I think reading some news about ETFs is necessary to know why today's correction like this https://www.theblock.co/post/273768/ftx-sold-nearly-1-billion-of-grayscale-spot-bitcoin-etf- shares-report. At least the rumors of declining market prices have been answered a little even though we know that correction is a normal thing too.

I have an expectation that more people will buy Bitcoin, leading to a noticeable increase in buying activity. The bulls are likely to maintain a strong influence over the upward movement, maintaining a solid upward trend in the ahead as days in the cryptocurrency market space .

Bitcoin ETF has Been approved and now there is a wait for halving because ETF approval has no such good effects on bitcoin price and has not changed the price to reach above 50k$. Now one more chance is here with us so let's see what will happen with the price during halving.

The current price is 42k$ which identifies that it's not too much lower and is also not too much higher but it is better from previous lower price of 35k$ and is worse than previous 47k$ worth of bitcoin. Everyone is expecting that halving will surely put some better value in price of all coins including bitcoin and altcoins may be the price hit the value of more than 70k$ in recent year.

If we look at it like that, if it is too high and too long for that period, there is a big possibility of a potential correction occurring and it is also impossible for the BTC coin to rise non-stop.

Yes. However, what needs to be seen is to determine the right time if you really want to rejoin the market and I noticed that today, even though there was a correction this morning, it has moved quite well again.

was corrected when the ETF was approved and this of course made predictions wrong that one would hope for a positive side. but it didn't take long for it to increase and then fall again and it seemed to be stagnant.
Isn't it possible that this is actually waiting for the situation before the halving period to move towards correction, with the hope that afterwards there will be an improvement?

You are right, let me say that there is no market that will be moving in a straight slope forever, that can't just be possible, not with Bitcoin or any other best assets. The market has its principles and characteristics of moving up and down and even if it is a bullish market, for instance, it will still find its way to branch downwards once in a while towards the lower prices before going back to the main trend. This is what makes trading better and unique, and if not, it will be so easy to predict the market and nothing will be dynamic in it. At this time, Bitcoin had done the needed correction, though not so satisfactory for many but moving down from $49,000 to about $40,000 is adequate enough in my opinion.

This is almost a $10,000 movement, and this happened within 2 weeks which is why I know that Bitcoin can be rising any moment from now. I expected the correction made but I knew it couldn't hit the $35,000 not to talk of breaching it lower. That was what it actually did, and will preserve over time. However it does not have much power to move higher anymore, and the reason is because of the resistance it met at $43,606. This level is too strong for it and I know that it can only continue the bullish movement after breaching it. However, if it is successful in this quest, it might hit $50,000 speedily, or even breach it to record a new high for the year.

Currently Bitcoin price improvements have also begun to appear again in Bitcoin so that Bitcoin holders and buyers at low prices no longer feel worried about the price corrections that occurred in Bitcoin after the ETF was approved. And in general it wouldn't be too bad for Bitcoin if it had to stagnate for a short time or before the halving occurred this year, because that would actually be better than a correction that was too deep before the halving occurred on Bitcoin.

Of course we hope to be able to pass the previous best price of $48K+, hopefully this is a sign of improvement, and we hope it can pass $50K so that it can have the ability to move upward continuously. Yes, I hope what you say can be realized so that no more corrections occur before the halving period, and everyone also hopes that there will also be an increase in altcoins, which is currently visible. will provide excitement for holders who have been holding back for a long time until now.