Bitcoin $5k rise within an hour plus.

[rodskee]

Whenever there is a strong surge of Bitcoin price, the expectation or the pattern is that the altcoins would all be in red. It's only when the surge mellows down a bit that altcoins may begin to recover and possibly make gains. I think this has been the general pattern over the years. If Bitcoin grows slowly, it's possible that the top altcoins can catch up and rises along with it. But whenever Bitcoin is aggressively bullish, the altcoins will be left behind.

                                              Lets forget the altcoin from here mate because this is about Bitcoin and yes its growth recently
While you have quoted altcoins movement when there is bitcoin growth yet lets take them out from this thread and section.
About bitcoin being aggressive ? altcoin on the other hand is also having aggressive movement though not that high compared
to Bitcoin.
                           
                                             _______________________________________________________________________________ _________

                                             Now it is starting to slowly drop mate, from 35k now this is at 33k and smoving down little
by little, though I wanted to see this climbing over 40k before this October ends. 5k increase in the last hour yesterday.

It's probably of the oncoming decision on the status of bitcoin ETF that a lot of people are buying bitcoin right now because they know that if that decision is a positive is positive then there's a possibility that the price of bitcoin will go up and not to mention that historically, bitcoin price is positive during this months towards December so add that to the current happening and you're never going to be surprised that bitcoin is going up this fast.

I hope bitcoin can cross 40$k this time. Everyone is waiting to see if the bitcoin market will be good. I have invested in bitcoin. If the bitcoin market is good within this year I can sell the bitcoins and make a profit. Bitcoin  I am very happy after seeing that its market is starting to improve.Bitcoin current price is 34$k now.

                                           Lets give bitcoin time till before this year ends , 40k seems to be pretty
decent to achieve by 2023 , also hoping to see 2024 another Bull and bringing ATH (cannot wait till 2025 though)

[Nrcewker]

Definitely this sudden price hike has made everyone astonished for a bit. The ones who bought the coins just before the price rise would have definitely made good profit to be honest. Yes it was very strange to see this sudden rise without any good support, but this is not a bull run I guess. The traders tried so hard to accumulate the coin that it lead to rise in price. Bull season will come soon, probably in 2024, so yes this was just an early hint.

[Yamifoud]

Definitely this sudden price hike has made everyone astonished for a bit. The ones who bought the coins just before the price rise would have definitely made good profit to be honest. Yes it was very strange to see this sudden rise without any good support, but this is not a bull run I guess. The traders tried so hard to accumulate the coin that it lead to rise in price. Bull season will come soon, probably in 2024, so yes this was just an early hint.

We wonder because we never expected this to happen and the current situation will tell us that nobody saw it happen that is why we all got surprised.
But just like the old days, the rise never stays long as the drop comes after and I am expecting this because people are selling off their Bitcoin when they see a price increase.

Well, we can say that this is some kind of price manipulation but I'd never see it was true. But what I believe is that the number of investors is growing fast making the demand spike and the result is somewhat surprising.

[justdimin]

We aren't there yet, this is just the preparation for what is about to get unveiled, bitcoin breakout is setting in gradually and the target is aiming towards $38,000 we should be getting ready for the massive move once again sooner, there have been more to the reason why we experienced this sudden breakout, if you look as well towards the market today, it has been resisting over the bear by maintaining higher position above $34,000 we cannot predict what the subsequent days of the month will be, but as expected, the market is  likely to reach $38,000

OP wouldn't write that if we aren't there yet. Numbers don't lie. Just check the price now for you to believed it. But yeah this is only the beginning of something big. That wasn't $38k, but it is $100k or more. The reason why we experience such movement is might be to that BTC spot ETF. Other than that, people are still excited for the Bitcoin halving because we are getting close to it. You said we can not predict the market but how come you are so positive about that $38k?

But, I'm also going to be happy if we can continue to it for a while before the momentum stops. That way, we can still see an improvement after months of being in a stagnation mode.

[wiss19]

I'll be totally honest, I didn't really expect this to happen this soon. I thought we wouldn't be able to see Bitcoin going around $40k this year since there are only a couple of months remaining for the year to end, but this sudden pump hit us unexpectedly and the whole market is happy yet surprised to see the growth in such a short period of time. $35k seems to be the new resistance at this moment, and if it manages to go across that and stays strong, I bet it will get to $40k in no time.

If we talk about Altcoins, I don't think they are stagnant, the whole market is in red, I know that the growth level of a lot of altcoins isn't matching Bitcoin's, but that is obviously because Bitcoin is getting a lot of investments and people are buying as much as they can since everyone is thinking this is the beginning of the long-anticipated bull run.

[bayu7adi]

Definitely this sudden price hike has made everyone astonished for a bit. The ones who bought the coins just before the price rise would have definitely made good profit to be honest. Yes it was very strange to see this sudden rise without any good support, but this is not a bull run I guess. The traders tried so hard to accumulate the coin that it lead to rise in price. Bull season will come soon, probably in 2024, so yes this was just an early hint.

This isn't a set of instructions, rather, it's a market response anticipating the forthcoming decision on a Bitcoin ETF. Regardless of the outcome, Bitcoin's price is expected to continue its upward trajectory from its previous levels because this news hints at a positive trend. It's not a trial to determine whether BTC will perform negatively, thus, the climb from $30k to $34k will establish a new price range, possibly lasting until the new year in 2024. Bitcoin ideally should not drop below $30k again, as that stands as the latest support level.

A potential bull run might indeed materialize in 2024, as you mentioned, but a new all time high is more likely to occur in 2025, precisely one year after the halving event. Let's wait and see, and we'll be witnesses to what unfolds in the upcoming moments.

[danadc]

People are alarmed because the Btioci has grown by $5k in one moment, there is no need to be alarmed, this is how it is, volatility can be given very well so that it can generate a higher price, if the price has to grow on day In the moment that you want, slow, or fast but it achieves its objective, they do this so that it causes more fury, emotions, and that they continue buying so that they can earn more, that is why from $26k it has risen almost to $35 k, and I think that it can reach $40k if the price continues to rise conservatively, because as it goes up it goes up, so why look for the reason why it went up, what is known is that it will continue to rise and that must take advantage.

[Rabata]

This is not uncommon with Bitcoin. Any time can be more or less than this. I think one should invest here not considering its volatility but researching it well and planning long term. Bitcoin is capable of increasing ‍and also decreasing by 5 percent or more in 24 hours. Bitcoin is deadly risky for those who are making a decision to invest in Bitcoin based only on temporary volatility. This type of thinking must be avoided. Generally holders cannot be profitable due to this kind of pumping because in case of Bitcoin most of the time they hold for long term. When the market reaches a reliable high, the holders will also be profitable ‍at that time. A holder has to regulate himself in such circumstances.

[YUriy1991]

It is true, the Bitcoin ETF is still on the way, but if speculation regarding the bullrun issue continues to be campaigned, it is very close, it will give rise to a sense of optimism among investors. All good news or other negative events that normally affect the market are put aside at this time.

Yes. Must be careful if not many people get caught up in dramatic price fluctuations because where crypto asset prices will move next, no one can predict 100% correctly.

[bitterguy28]

the market is  likely to reach $38,000

If this will going to happen any time sooner? then that is the time to take out my funds for a while , that is my plans I know how much i need to carry because the price will surely drop any time next year and with that I will keep my Eye in the market until I silence my funds inside bitcoin till Pump happened.

https://twitter.com/Ashcryptoreal/status/1716989189349073035?t=JyMaNsHjFgY8f6HRc7POzw&s=19

Thank you for the graph mate, I consider this as my viewing spot to what will happen sooner.
I keep tracking everything that will bring me more understanding towards future.

[arabspaceship123]

It’s an extra surprise welcomed good news for $5000 price rise in one day because I'm stacking sats. I'll be over the moon if we're going to see ATH but it doesn’t look it’s happening soon. I don't know if it's some organic growth but the info in the table's powerful info means my confidence is up.

If you were in your business as a trader, that is, you are not a "tourist"  trading, you had to see the arrival of $30k which was a very good indication that something was coming, so those who make an effort every second in Sure trading is seeing dividends. No matter what happens, that's the "job" for traders, they see profits where we see emotions.

The reached price of +-$35k is the maximum of this year 2023.

Price Max-Min2023

|	month	|	high (day)	|	low (day)	|
|	January	|	$23,919(29)	|	$16,521(1)	|
|	February	|	$25,134(16)	|	$21,460(1)	|
|	March	|	$28,803(22)	|	$19,628(10)	|
|	April	|	$31,005(14)	|	$27,070(24)	|
|	May	|	$29,628(5)	|	$26,182(24)	|
|	June	|	$31,106(23)	|	$24,871(15)	|
|	July	|	$31.290(13)	|	$29.266(22)	|
|	August	|	$30,030(8)	|	$25,984(22)	|
|	Sept.	|	$27,176(19)	|	$25,007(11)	|
|	Oct.	|	$30,035*(20)	|	$26,561*(11)	|

*partial october, 2023.

Data: CMC.

Oct.

|	month	|	high (day)	|	low (day)	|
|	Oct.	|	$34,942*(25)	|	$26,561*(11)	|

On the 19th we had the 28k range, and on the 20th it peaked at +30k, a situation that had not happened since August, so, yeah, there was the effervescence, if you look at it today and don't look at the history data, it seems like "magic" but it's not that surprising given the background, +$2k just from the 19th to the 20th... so, maybe it's something organic, emotions (or a "x"/tweet ), just stay tuned, if you don't want to be saying "oh, surprise".

Surprise is that we will have an ATH just tomorrow.   /