BTC, more closer bullish days ahead.

[Lida93]

The recent tremendous bullish momentum BTC experienced has really given many persons some relieve, cause the strength it gained at about $20600 above was something we didn't look out for within the very week it did, based on how the previous months has been nothing short of a rough epileptic and boring time for BTC price ranging around $19,000 which drastically affect many other coins values especially when it hitted $17,600 sometime ago.

Analysing the BTC price some days ago on the daily chart in reconciliation to the bull momentum it enjoyed within the past few days and still fluctuating around $20300 and $20600 the past few days, for many persons, the impression of buying long wouldn't be a bad idea as BTC value could hit at $22,400 presumably above by January or February  2023 based on personal speculations.
What do you think? Do you also see the BTC  promising price future am seeing irrespective of the great role volatility  plays in the market, and shouldn't be undermined as price can go south at any seconds or am I just the only one seeing it.

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[yazher]

Obviously, the price will gonna rise in the future because there are already lots of things happening with bitcoins and so far, it's more positive news than negative. The closer we are to bitcoin halving the more we see a roller coaster price in the market just before the next bull runs. That's why it's better to invest after you make sure that you can hold long enough until that happens. The short-term investors happened to get used to it. When you have already been in this market for too long, you will be able to earn even though the market is not looking good at all, it's just based on long-time experience and some little luck too.

[DeathAngel]

The worldwide economy, all stocks & assets have been in a bubble, even real estate. We are set to enter a deep recession & due to macro, bitcoin will struggle short term too.

The halving is in 2024, we will see another big bull run from then to end of 2025.

Just be patient.

[mk4]

Funny how the sentiment of the first 2 responses of this thread are polar opposites, and I assume the following responses from other people are mostly going to be mixed opinions as well. It just shows that no one really knows for sure what's going to happen.

[Zanab247]

Something good will surely happen in the future, since the bear season is still flowing in the market for those that missed it to use this bear period to buy and hold for bull market to come before they can sell. Many researchers has predicted that the price of Bitcoin will surely make a massive move in this month of November, which there are some signs in the crypto market that, show that bull season is very close to bitcoiners to enjoy in the community. If you are still waiting for Bitcoin price to decrease more than $20k in this month of November before you can buy, I guess, you will miss the opportunity because the price is preparing to increase higher for both traders and investors to experience bull market.

[franky1]

not talking about daily/monthly changes of market speculation..
but the quarterly-yearly underlying fundamentals of bitcoin are different than in spring 2022

energy prices increase meaning it costs hobby miners more to mine so if the price to buy bitcoin is cheaper then mining price its always good to buy
(energy prices have not impacted large farms as those large farms bought up energy contracts on lengthy 1-2 year contracts, which are yet to be renewed )

due to the next gen asics of june-october means the hashrate competition has had a new push too, meaning the amount of coin per miner is sliced by 20% which is also a market push trigger

also those told about the financial crisis of spring 2022. took out their assets. converted to fiat to buy up home-life stuff or business supplies before the inflation costs increase those supplies. and now they have hoarded stuff they would usually buy up slowly over a year. they now dont have to buy stuff now. so all income now can go back to re-investing in assets to hedge against inflation.

2023 will see a further push up, as it approaches the 2024 halving and also the impacts of inflation. but right now we are seeing large investors re-investing in bitcoin now they have organised their fiat business needs.

[NeuroticFish]

What do you think?

Some show very convincing charts that show that, if history will be repeating, the crypto winter is pretty much over.
Some others come - more or less convincing - telling that one more leg down is due to happen before the trend turns indeed bullish.

What I think? Anybody can predict anything, he has a fair chance to be right We will know for sure only after "the moment" has passed.
Clearly with every day passing we're getting a bit closer to the halving, hence to an end of bear market, hopefully.

energy prices increase

I am hoping for some months the energy price rise be visible in bitcoin price. It didn't happen, or at least not in an obvious way (maybe that's why we didn't see lower lows?).

[franky1]

energy prices increase

I am hoping for some months the energy price rise be visible in bitcoin price. It didn't happen, or at least not in an obvious way (maybe that's why we didn't see lower lows?).

the lowest lows. are miners that can still mine for profit
the average underlying(value) cost was about $15k. but the market price did not touch that point

those mining this month are still on contracts of prices of 2021+ energy costs thus they have not been impacted yet. and thus the underlying value cost has not hit much
i personally am still locked into a deal of 2021 prices.

its the hashrate competition that has hit those low laying miners that can afford to mine. not the energy price
(this autumn quarter the underlying value cost is about $16k)

however layers above that are the less efficient miners. the ones i prefer to call hobbiests with higher costs
when their energy prices went up. yes it affected their mining costs and yes they would have been more willing to bu at the $18k market price. but their real life fiat inflation demands meant they had to concentrate on covering real life costs so their disposable/excess fiat income had to pay for fiat lifestyle stuff.. so they were not ready to put that fiat into cheap coin... until more recently

im in the UK and i have had discussions with many uk bitcoin hobbiests. and spring summer they were spending fiat on lifestyle stuff. but with UK government payouts to households to give credit to energy companies means they can now afford winter and are looking to re-invest excess/disposable fiat into bitcoin. energy prices means they dont want to mine this year as it costs more to mine. but they are happier to buy while its cheap. sentiment is moving back to investing rather than fiat prepping

[dimonstration]

What a terrible way of emphasizing the recent movement of Bitcoin to tremendous bullish movement while it didn't even break above 21K to close the daily candle. In fact Bitcoin price is always showing this kind of price behaviour before and after FOMC meeting on releasing the interest rate for US citizen. This movement is not a big deal because it always multiple times and a great indicator that whales is just playing around this event and price area. Right now the price is dull and no buying anymore which means there's a high chance for a potential sell off again.

Chart is a friend to know what's really going on rather than just reading some random post of social media shillers about any price movement which probably this post came from.

[NeuroticFish]

im in the UK and i have had discussions with many uk bitcoin hobbiests. and spring summer they were spending fiat on lifestyle stuff. but with UK government payouts to households to give credit to energy companies means they can now afford winter and are looking to re-invest excess/disposable fiat into bitcoin. energy prices means they dont want to mine this year as it costs more to mine. but they are happier to buy while its cheap. sentiment is moving back to investing rather than fiat prepping

This is interesting, but we both know that this is not about amounts that can really move the market/trend.
However, the sentiment indeed is improving.

[Franctoshi]

This recent moves is nothing to what BTC normally does, where you will see the price move from $5000-$10000 just in a single day movement. Bitcoin is still in a consolidation phase , you could see that nothing has happened yet, the price is just moving side ways $18k-$20k, and no one knows which way that the market is gonna take after this accumulation, it could be up it could be down.
However, the bottom line is we are more closer to bottoming out.

[franky1]

Right now the price is dull and no buying anymore which means there's a high chance for a potential sell off again.

there is a limit to how low a "sell off" can happen..
bitcoin does have an underlying value/cost bottom. that is NON ZERO
once you realise this limit of bottom you can then see things more clearly

and in the day-trade view of daily/weekly its unpredictable as to the price movements short term


but on a larger scale of quarterly-yearly you can see where certain events change sentiments

EG in spring lots decided that because fiat costs of living was to rise this year. many stopped investing in bitcoin and went on a fiat spend frenzy to stock up on lifestyle stuff before the retail prices jumped
large businesses stocked up on theyre fiat world supplies too

EG savvi businesses like tesla would stock pile steel at 2021-22 prices to not need to buy in 2023

this means it gets to a point where people have fulfilled their fiat needs, but dont want to hang onto future fiat excess income because putting fiat under the pillow means they lose value. so they will start to look into investing into inflation-hedge things like bitcoin

there are some indicators and sentiments that are showing that the mindset of fiat frenzy of spring is now turning back to investments. especially with investments being at lows which are good opportunities to buy

yes short term the price can wiggle down a bit again. but thats market randomness of short term. but looking at the hashrate competition rise, the energy cost rise and the sentiment rise.. all indicators are showing movements back into starting the LONG TERM buy appreciation and willingness

[cabron]

BTC had been holding up despite Powell's hawkish announcement. Based on my personal speculations ya BTC could go more than $22, 000 either by December or January. We had been in this price range for too long already, the bears must realize by now we aren't moving down anymore.

Maybe next month the FEDwill change its tone and start inflating the way out of debt, let printers brrr again for a bull market.

[BlackHatCoiner]

More closer to bearish I might say, and that's a good thing. Look how nice we are. Sharks have left, and it's only HODLers and newbies who handle the market. There are few fluctuations since late of August, and I kinda like it. $20k for 3 months straight! Investors who got involved with bitcoin in 2020-21 abandon it these days, because there are more serious things that concern them.

As long as bitcoin is seen as a luxury, we'll have bull and bear markets such as this one. Stack sats in a disciplined manner.

[tjtonmoy]

As the current movements of the BTC market price shows, I think these are small bullish indication but yet to pick up the pace to begin the real bull run. 25k price point needs to be broken in order to push the BTC price to make that happen.
This is my own analysis on market and I think one bull run won't be enough for the push.
But recent popularity and many countries accepting BTC will be a huge break for BTC.

[serjent05]

Analysing the BTC price some days ago on the daily chart in reconciliation to the bull momentum it enjoyed within the past few days and still fluctuating around $20300 and $20600 the past few days, for many persons, the impression of buying long wouldn't be a bad idea as BTC value could hit at $22,400 presumably above by January or February  2023 based on personal speculations.
What do you think? Do you also see the BTC  promising price future am seeing irrespective of the great role volatility  plays in the market, and shouldn't be undermined as price can go south at any seconds or am I just the only one seeing it.

Any good news that makes the market sentiment a bullish one?  Is there any major company opening a Bitcoin service that will put a huge demand on the market?  I know sometime in the future Bitcoin will transition to a bullish market but I do not think that it will be as soon as you stated.  The bitcoin market isn't the same as before, a simple tweet, or simply good news makes the market skyrocket.  The Bitcoin market tends to develop resistance to such news, especially during the bear market.  Regardless, I agree that it is still a better time to Buy and accumulate Bitcoin today, and keep on cost average every now and then until the market transitions.

[DU18]

As the current movements of the BTC market price shows, I think these are small bullish indication but yet to pick up the pace to begin the real bull run. 25k price point needs to be broken in order to push the BTC price to make that happen.
This is my own analysis on market and I think one bull run won't be enough for the push.
But recent popularity and many countries accepting BTC will be a huge break for BTC.

Throughout this year we continue to see erratic downward movement of bitcoin and of course this is a bit of a fear for holders, the FED decision to continue to raise interest rates is one of the biggest reasons bitcoin prices continue to decline, so when there is a small bull that occurs like right now, of course, at least it can give a smile and also enthusiasm for us to see the bitcoin market, I think we should remain grateful even though the current bullish movement is very small and hopefully the current bullishness will be the first step for bitcoin to get bullish again which will last a long time.

[Sanitough]

Funny how the sentiment of the first 2 responses of this thread are polar opposites, and I assume the following responses from other people are mostly going to be mixed opinions as well. It just shows that no one really knows for sure what's going to happen.

No one is really capable to tell what lies in the future regardless if it’s about bitcoin or not. As long as the market remains unpredictable, then we can always just tell from wild guesses and speculations. However, if we follow bitcoin’s history, the last quarter of the year is supposed to be bullish days, but maybe it won’t be happening  soon. So we just have to wait until bitcoin halving comes and finally witness a bullish season eventually.

[dezoel]

Funny how the sentiment of the first 2 responses of this thread are polar opposites, and I assume the following responses from other people are mostly going to be mixed opinions as well. It just shows that no one really knows for sure what's going to happen.

No one is really capable to tell what lies in the future regardless if it’s about bitcoin or not. As long as the market remains unpredictable, then we can always just tell from wild guesses and speculations. However, if we follow bitcoin’s history, the last quarter of the year is supposed to be bullish days, but maybe it won’t be happening  soon. So we just have to wait until bitcoin halving comes and finally witness a bullish season eventually.

If it's about bitcoin, yes since there are many people owns btc and they have different decisions if what they will do with their btc but if it's about a random coin then they are more predictable because they are easy to manipulate and they won't likely last a long time.

If it's about the overall market then we can tell if we are still in a bear or if the bull run have already just begun but for now we can say that the bear market is still here since prices merely make an increase. Wild guesses are not accurate but why not try an educated guess, for your predictions to be more successful? You can choose between fundamental analysis or technical analysis or just use them both.

[Chato1977]

What do you think? Do you also see the BTC  promising price future am seeing irrespective of the great role volatility  plays in the market, and shouldn't be undermined as price can go south at any seconds or am I just the only one seeing it.

I am a type of person that only sees things with prevention , meaning though I can see clearly that there is a Bull market yet I consider this an option to buy and to Hold, while others are panicking to buy and hold I am chilling with the situation.

Buy Bitcoin and keep it , time will come to make money but try also to conserve your thoughts about your plans.

Bitcoin in the end will surely make us all rich so just prepare for that.