Can it be real bull or just a temptation.

[bayu7adi]

On my social media, many folks are suggesting that this is just a temporary phase. Even after the DTCC delisted the IBTC ticker, observers started speculating about a bounce-back. However, I, personally, assume that the support level at $32k will be more robust, and as such, we should have already left the $25k-$30k price range and are now focusing on the $30k-$35k range.

Bitcoin ETFs are currently making waves in our national media discussions. It seems that everyone is being reminded of the presence of BTC in motion, and all eyes must remain fixated on it. I hope the price can hold steady here while we await the SEC's decision. A positive verdict could trigger a bull run leading up to the new year, while a rejection might only delay the bullish moment.

[jasonjm]

It is not a real bull run but a trap set by the whales to lure in more retail investors because the sentiments of the market have not been very positive recently, and people were not investing in the BTC because of the bear pattern. With this price pump, everyone is now looking to invest because they think it is the start of a bull run, and this will be the chance to make more profit in the short term.

The price will go up toward $40k so that whales empty their bags and trap retail investors. The price will dip in the coming few weeks, and the chances are that we might see a sub $20k before the next bull run. Panic selling will trigger this downward trend, and this will continue until we hit the real bottom.

[fuguebtc]

It is not a real bull run but a trap set by the whales to lure in more retail investors because the sentiments of the market have not been very positive recently, and people were not investing in the BTC because of the bear pattern. With this price pump, everyone is now looking to invest because they think it is the start of a bull run, and this will be the chance to make more profit in the short term.

The price will go up toward $40k so that whales empty their bags and trap retail investors. The price will dip in the coming few weeks, and the chances are that we might see a sub $20k before the next bull run. Panic selling will trigger this downward trend, and this will continue until we hit the real bottom.

I agree that this is probably not a sign of a real bull season but saying this is a trap is not quite right. We have had many gloomy months in a row and market recovery is normal, not always a trap. Many people have accumulated over the past several months and are now making significant profits, so how can it be called a trap? Simply consider this just a small bounce in bear season and take full advantage of it.

By the way, with bitcoin hitting $35k and still trading above $34k, I don't think bitcoin will drop below $20k again. We're in the $25k-$40k range until the halving comes out.

[moneystery]

all of us here can only guess what is actually happening, whether this is a real bull market or not, no one knows, and no one can guess how bitcoin will trend in the next 1,2 or several months. but i prefer to believe that holding bitcoin and selling it later is much better than following these trends - these are just the waves before the actual "bull market", and whether you want to follow this trend or not is up to you.

[CageMabok]

all of us here can only guess what is actually happening, whether this is a real bull market or not, no one knows, and no one can guess how bitcoin will trend in the next 1,2 or several months. but i prefer to believe that holding bitcoin and selling it later is much better than following these trends - these are just the waves before the actual "bull market", and whether you want to follow this trend or not is up to you.

Everyone will follow their own heart in any case and that is a very normal thing that happens and we cannot deny it because everyone also has desires based on their own thoughts on what they follow. We can't blame those who are selling at this point after they bought it at $25K as the $10K price difference to take profit is pretty decent for them, but I personally would still hold to see higher prices in Bitcoin without being affected by the increase that has occurred at this time in Bitcoin.

[Dimitri94]

It was a great surprised to me this morning seeing the market price increasing above $29k that made me to asked this question, if it's real for bull market to happen in this month of October or is just a temptation that will make people to release their BTC to the market before the massive bull will take place. If the price of BTC can reach this level $29k at this time, show that real bull will take place next month of November till next year ending for investors to use the period to earn more incomes from their investment and to plan well ahead of another bear to come. If this new increase turn to temptation in the crypto market by turning back to dumping again which are some of the things investors don't want to experience in this season because, it will cause Many losses to investors. Do you think this is a real bull that will lead to investors expectation? Or is just a temptation that will make people to rush to the market to sell and regret at the end? What is your opinion.

Currently the market behavior is positive and has been consistent for the past few days. As a result, we are turning bullish. This is the pre-bull market moment. But I can't say for sure yet because if the ETF doesn't get approved then there is a possibility that Bitcoin will be bearish again. However, that time is still a long way off and if the Bitcoin bull run starts in the meantime, the crypto space will be prolonged. But from January onwards we can fully speculate whether this is actually a real bull run or just fomo. But since the long bearish trend is more likely to become bullish, we can say that we are moving towards a bull market.

[Franctoshi]

I do believe that this was the beginning of the real bull market, before the breakout occurred, which got us to this very level of $35k, there was a pattern I saw on the weekly chart in which the breakout led to the previous bull market that saw us hit $69k ATH I wanted to open a thread here and discuss, but later to discover the following morning that Bitcoin already started its move and began to follow this very pattern, the next target we are going to test is $40k price level.

[Ayers]

On my social media, many folks are suggesting that this is just a temporary phase. Even after the DTCC delisted the IBTC ticker, observers started speculating about a bounce-back. However, I, personally, assume that the support level at $32k will be more robust, and as such, we should have already left the $25k-$30k price range and are now focusing on the $30k-$35k range.

In contrast to you, my price range for bitcoin is $25k-$40k, I still think bitcoin will still have some correction below $30k again but will not be able to drop below $24k. We actually broke out of the sub-$25k range, IMO.

Bitcoin ETFs are currently making waves in our national media discussions. It seems that everyone is being reminded of the presence of BTC in motion, and all eyes must remain fixated on it. I hope the price can hold steady here while we await the SEC's decision. A positive verdict could trigger a bull run leading up to the new year, while a rejection might only delay the bullish moment.

If the SEC approves ETFs this year or before the halving and we enter bull season, it will mean history is broken. That possibility can still happen but I think the probability of it happening is not high, I still predict history will repeat itself. I mean, I still believe that the real bull season will come when the halving happens, not before the halving.
ETF news is still hotly discussed, but I believe this hype won't last too long, the Fear and Greed index is at 70% and I think it's time to be careful.

[Nrcewker]

I know this sudden price rise has driven many people’s mind wild. That’s why we are seeing similar types of posts here in this section of the forum. Nevertheless we need to understand that, this is just a small price correction that is due to the sudden rise in demand to accumulate the coins. I won’t say that this is the beginning of the bear market, but yes, some good and positive news might be seen soon among the people. Let’s hope for the best and accumulate as many coins as we can in the meantime.

[cheezcarls]

Probably a bull trap in my own instinct.

Although we are happy to see that the market is rallying recently due to the $IBTC listing in DTCC, but I cannot say that this already kickstarted the “true” bull run. But of course, I can be wrong about my assumptions too.

We also all know that the emotions may got the best of us as FOMO mode kicks in. If I were to decide to buy at this current price, I may have to wait a bit when the market calmed down and the bulls are successfully maintaining the current support level. However, anything could happen at any moment as the market movement is totally out of out control.

No matter how skilled we are in our technical analysis, predictions, etc., the market is always the master of everything as it can go up or down without warning.

But if the bulls can’t keep up the pace, most likely we would be heading to a gradual healthy correction below $33k and that is where we see if the support level is so strong that the bears cannot penetrate. Time will tell and let’s see what happens in the coming days and weeks.

[Wend]

I do believe that this was the beginning of the real bull market, before the breakout occurred, which got us to this very level of $35k, there was a pattern I saw on the weekly chart in which the breakout led to the previous bull market that saw us hit $69k ATH I wanted to open a thread here and discuss, but later to discover the following morning that Bitcoin already started its move and began to follow this very pattern, the next target we are going to test is $40k price level.

I think this is just a temptation of the market and not a real sign that the bull season has come. Bitcoin suddenly increased in price just because of ETF-related news and it will quickly stop if no more news is released. As for whether the SEC will approve an ETF or not, I think even if they approve it, it won't happen this year. But with what is happening showing the positive impact of ETFs on the market, I believe that if we combine ETFs and halving, we will have the biggest boom ever for the market.

[justdimin]

I do believe that this was the beginning of the real bull market, before the breakout occurred, which got us to this very level of $35k, there was a pattern I saw on the weekly chart in which the breakout led to the previous bull market that saw us hit $69k ATH I wanted to open a thread here and discuss, but later to discover the following morning that Bitcoin already started its move and began to follow this very pattern, the next target we are going to test is $40k price level.

I think this is just a temptation of the market and not a real sign that the bull season has come. Bitcoin suddenly increased in price just because of ETF-related news and it will quickly stop if no more news is released. As for whether the SEC will approve an ETF or not, I think even if they approve it, it won't happen this year. But with what is happening showing the positive impact of ETFs on the market, I believe that if we combine ETFs and halving, we will have the biggest boom ever for the market.

I don't think so. Gone are the days that we can't pass $32k and the pattern seems to repeat but now that we finally broke it, maybe there is some change that we can witness. Anything can still happen so it's just better to not expect too much and just wait for the price to reach a true high level where we can say that the bull run is already there.

ETF news are still hot but there will be a time that people will get bored about it but maybe there are other positive news that will come in? That can make the momentum continue and we can witness a rise even at a slow paced. That can still be on the equivalent of the big boom that you are talking about there.

[CageMabok]

I think this is just a temptation of the market and not a real sign that the bull season has come. Bitcoin suddenly increased in price just because of ETF-related news and it will quickly stop if no more news is released. As for whether the SEC will approve an ETF or not, I think even if they approve it, it won't happen this year. But with what is happening showing the positive impact of ETFs on the market, I believe that if we combine ETFs and halving, we will have the biggest boom ever for the market.

A big explosion in the price increase in Bitcoin could indeed occur if the effect comes from ETFs and halving for the end of this year and the beginning of next year better. Because this real increase is quite a positive thing for Bitcoin and Bitcoin holders who are still patient enough to wait for the price to increase. And I also think that further price increases are still very likely for Bitcoin if there is no further price drop to below $30K later this year in Bitcoin.

[Mahanton]

I do believe that this was the beginning of the real bull market, before the breakout occurred, which got us to this very level of $35k, there was a pattern I saw on the weekly chart in which the breakout led to the previous bull market that saw us hit $69k ATH I wanted to open a thread here and discuss, but later to discover the following morning that Bitcoin already started its move and began to follow this very pattern, the next target we are going to test is $40k price level.

I think this is just a temptation of the market and not a real sign that the bull season has come. Bitcoin suddenly increased in price just because of ETF-related news and it will quickly stop if no more news is released. As for whether the SEC will approve an ETF or not, I think even if they approve it, it won't happen this year. But with what is happening showing the positive impact of ETFs on the market, I believe that if we combine ETFs and halving, we will have the biggest boom ever for the market.

I don't think so. Gone are the days that we can't pass $32k and the pattern seems to repeat but now that we finally broke it, maybe there is some change that we can witness. Anything can still happen so it's just better to not expect too much and just wait for the price to reach a true high level where we can say that the bull run is already there.

ETF news are still hot but there will be a time that people will get bored about it but maybe there are other positive news that will come in? That can make the momentum continue and we can witness a rise even at a slow paced. That can still be on the equivalent of the big boom that you are talking about there.

There's only two possible thing to happen on which breaking up those resistances or would really be just simply having rejection or fails on breaking the roof. It would really be that just basing on certain conditions
which it would be usually playing out whether on the demand or some positive/negative market sentiment or news which it would really be able to affect in overall market condition or movement. This is why we should really be that careful and really that wise on taking decisions whether we would really be waiting for the right entry or would really be basically be ensuring your profit considering that corrections do happen afterwards.
It would really be just that according on what type or kind of trader or investor you are whether you would really be going for long term or short term.

Bull traps and bear traps are common and this is where experience would differ on each trader basing up on their past experiences in the market.We've seen similar scenarios
and its up to ours on what are the actions that we would really be making and there's no way that we could really be able to tell on what are the exact things that would really be happening in our
trading career or decisions. Be wary and be wise most of the time so that you would really be able to sustain.

[Onyeeze]

all of us here can only guess what is actually happening, whether this is a real bull market or not, no one knows, and no one can guess how bitcoin will trend in the next 1,2 or several months. but i prefer to believe that holding bitcoin and selling it later is much better than following these trends - these are just the waves before the actual "bull market", and whether you want to follow this trend or not is up to you.

But for the look of things know I can say that we are pushing in into a bullrun now because the price of bitcoin have changed and it continues to grow gradually so basically i know that bitcoin price rise two days ago and it will continue to grow the light of 2024 bullrun is showing in October that is getting to an end, this increased in bitcoin currently us surprising so I believe that bitcoin price is coming and nobody can say we are still in a bearish season, now we are approaching bullrun and we are not in bearish , so we should be careful for our investment

[blockman]

You're free to assume that it's the real bull run but you'll see the corrections from time to time that there's a massive increase.

now we are approaching bullrun and we are not in bearish , so we should be careful for our investment

That is one thing that's for sure that we're no longer bearish and we're likely in the accumulation phase despite we're seeing the price going up. What do you mean by let's be careful with our investments? Because that the season might change and it's volatile, yeah you're right with that and just don't be confident with what you're seeing today.

[zaim7413]

Do you think this is a real bull that will lead to investors expectation? Or is just a temptation that will make people to rush to the market to sell and regret at the end? What is your opinion.

Temptation, I think not. Investors who have been in the crypto space for a long time are considering this as an opportunity, they will never miss out on a bull that has just come in to gain some benefits from it. In situations like this, you must diligently monitor market movements if you have a number of Bitcoins. If the market continues to show signs of increasing, you can raise expectations for more profits. However, when the market sounds a red alarm, you can immediately sell it to secure existing profits.

[wxa7115]

Do you think this is a real bull that will lead to investors expectation? Or is just a temptation that will make people to rush to the market to sell and regret at the end? What is your opinion.

Temptation, I think not. Investors who have been in the crypto space for a long time are considering this as an opportunity, they will never miss out on a bull that has just come in to gain some benefits from it. In situations like this, you must diligently monitor market movements if you have a number of Bitcoins. If the market continues to show signs of increasing, you can raise expectations for more profits. However, when the market sounds a red alarm, you can immediately sell it to secure existing profits.

It seems to me the last movement on the price of bitcoin is a notice and investors need to get ready for the upcoming bull run, and if they miss the chance to invest now soon enough they may need to pay a lot more to buy bitcoin and their profit margin could be significantly reduced.

After all it was not long ago when people had the opportunity to buy bitcoin for sub 20k, sub 25k and sub 30k prices, if investors miss the opportunity to buy at sub 35k prices then they may as well forget about this market, as at that point it would be difficult to understand why they are still waiting to enter this market.

[Zanab247]

all of us here can only guess what is actually happening, whether this is a real bull market or not, no one knows, and no one can guess how bitcoin will trend in the next 1,2 or several months. but i prefer to believe that holding bitcoin and selling it later is much better than following these trends - these are just the waves before the actual "bull market", and whether you want to follow this trend or not is up to you.

Sometimes we guess the market price and we see it displaying in the market to make investors celebrating which it has happened in this month of October because, some experts came up that every October market price always change positively to alert hodlers to know the next step to take which is the step many hodlers has too to hodl their coins tight till next month if the price will increase higher. If you follow the trend plus your personal research to see what is ahead of long hodlers, I believe you will no that real bull run is very close to the market to display before the end of this year to make those that hodl for such opportunity to come to have something good to earn at the end.

 But those waiting for the price to reach $100k before they can sell can only experience such Market price in next two years because, the current price is very low to give such prediction next year, but there will be pump that will push the price to $70k next year but it will be difficult for the price to reach $100k.

[danadc]

all of us here can only guess what is actually happening, whether this is a real bull market or not, no one knows, and no one can guess how bitcoin will trend in the next 1,2 or several months. but i prefer to believe that holding bitcoin and selling it later is much better than following these trends - these are just the waves before the actual "bull market", and whether you want to follow this trend or not is up to you.

Sometimes we guess the market price and we see it displaying in the market to make investors celebrating which it has happened in this month of October because, some experts came up that every October market price always change positively to alert hodlers to know the next step to take which is the step many hodlers has too to hodl their coins tight till next month if the price will increase higher. If you follow the trend plus your personal research to see what is ahead of long hodlers, I believe you will no that real bull run is very close to the market to display before the end of this year to make those that hodl for such opportunity to come to have something good to earn at the end.

 But those waiting for the price to reach $100k before they can sell can only experience such Market price in next two years because, the current price is very low to give such prediction next year, but there will be pump that will push the price to $70k next year but it will be difficult for the price to reach $100k.

I do not believe that things can happen like this, for me it could happen that the bulls are waiting to give another reputation, being so I could say that it can manifest itself with a little Stability for now , seeing how it can stand out on demand and if it vain The crash could be in November to boost that market, so that it rises to $40k, that will deepen people's Desire to buy bitcoin and the more they buy, the price goes up, so I wonder what I think is that they are waiting for the moment where they can do that play, this is calculated, they can do it, but they must wait , something that bull whales have is that they know when they can do it.