Has anybody expected this?

[redsun114]

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.

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[Woodie]

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.

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.

Has anybody somehow expected this kind of thing? Has anybody had at least a tiny clue that something like this would happen?

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.

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.

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..

[KingsDen]

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.

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.

[Aanuoluwatofunmi]

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.

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.

[Sophokles]

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.

[kentrolla]

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.

[TravelMug]

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.

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.

[Xcode7]

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.

[Sexylizzy2813]

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. 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.

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.

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.

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.

[traderethereum]

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.

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.

[Davian144]

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.

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.

[Nrcewker]

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.

[taufik123]

-snip-
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.

[Sanitough]

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?

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.

[GideonGono]

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.

[Wiwo]

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.

[Quidat]

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?

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.

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.

[Hypnosis00]

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.

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.

[Sexylizzy2813]

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.

[adultcrypto]

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.