Bitcoin $5k rise within an hour plus.

[Fivestar4everMVP]

Well, Altcoins did show some signs of leg up but wasn't sustained, though it was a general altcoin move, the leg up was majorly experienced by major altcoin, mostly the ones in the first page of coinmaketcap, that is the top 100 coins and tokens on coinmarketcap.

A friend of mine actually believed that the current rise in the price of bitcoin is a nothing but a bull trap, which i personally disagreed with him, i do not consider this to be a bull trap, and neither do i think that we are in bull season yet. The current rise in the price of bitcoin is likely due to investors sentiments regarding the much-anticipated bitcoin ETF approval. There has been some news circulating on the web that the approval is sure, but the question should be when.

And putting into consideration the way the price of bitcoin jumped the day cointelegraph posted their fake news saying that bitcoin ETF have been approved, investors then had an idea of the possible impact the approval of the ETF will have on the price of bitcoin, so investors are possibly trying to buy in now, for no one knows when the approval will come in. this i personally believe could be the reason behind the leg ups we have seen and may still see if the momentum keeps on like it was a day ago, or two days ago.

[Aanuoluwatofunmi]

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


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

[Husires]

We do not calculate the change in the price of Bitcoin in dollars, but rather in proportion. The price of Bitcoin rose to 35 thousand before stabilizing, and then we may reach $39,000 and reach $44,000 before the end of the year if the upward momentum continues, or at least we stabilize above $32,000 until the end of the year. What is certain is that as much as we remained below $30,000 for a long period of time, it is likely that we will not return to those levels in the next two years.

Fear & Greed Index gives a score of 71%, which indicates that more people are betting on the bullish pattern.

[jeraldskie11]

Analytically speaking, Bitcoin price is expected to go that way because we are in the bullish trend already. If you know how to identify market structure, bullish trend already confirmed since March 2023. Maybe the end of this week the price would stay at 35k level and then pullback at 30k on next week or the other week.

Well this is not 100% and I'm basing on my own analysis, but it is very possible to happen. If there's a dump of Bitcoin's price, it's just a pullback to fill out the gap or seek liquidity in the discounted zone in order to fuel the price higher. So if you're going to invest Bitcoin today, you're probably fomo. To increase your profit potential, buy at the end of pullback.

[Fara Chan]

Just within an hour plus bitcoin rose by $5k which I don't think anyone had expected it in this way and it's a thing of joy for all bitcoin hodlers of which this rise has in addition lift the optimism of everyone's speculation about bitcoin bullrun any time soon even though the bitcoin ETF which in postulation  is believed to offset bitcoin price if approved is still in the pipeline unapproved.

There are various opinions about such a large increase in a very short period of time and this is also very natural, because previously there were many people who did not think that Bitcoin could increase that much in just a fairly short period of time. Speculation from many people about a bull run is also quite natural considering that this year Bitcoin's increase seemed difficult in the past few months and this month the price has increased again, surprising many people. So this could be considered the start of a bullrun even though the current Bitcoin price is still far from the new ATH.

Just to express my thoughts about this $5k upturn, inam having a hard time to accepting that a very close bullrun is underway if I don't see a corresponding altcoins price move with the bitcoin price move towing them along in every move. My resolve will be strong for a bitcoin bullrun when this happens else this is going to be followed by a long time dump.

Everyone always has different thoughts when looking at things like this because previously altcoins in the market also tended to increase their prices when a bull run occurred, but that didn't happen this month except for only a small increase in almost most of the altcoins in the market. However, I will not deny that the bullrun will be easier to see through Bitcoin than through altcoins which usually only follow the market flow when Bitcoin starts to increase in the market.

[Odohu]

Just to express my thoughts about this $5k upturn, inam having a hard time to accepting that a very close bullrun is underway if I don't see a corresponding altcoins price move with the bitcoin price move towing them along in every move. My resolve will be strong for a bitcoin bullrun when this happens else this is going to be followed by a long time dump.

 It's just my thought, so you think about it and give yours!

The altcoin market already responded positively to the rise in Bitcoin price even though not as much as Bitcoin in pip count. To me this is enough because it is usually Bitcoin first then other will follow. Recent fundamentals shows that Bitcoin enjoys more attention and interest, although as the pioneer, than any other cryptocurrency.

Even though I also have my doubts about bull run starting already because the market is still undecided and the recent gains of Bitcoin can be eaten by a single negative news. While it is expected that we keep an open mind regarding price movement, I'm actually excited seeing the market all green after a long period of consolidation. This somehow shows how beautiful it can be being a hodler in a bull market.

[danherbias07]

I am expecting the same, a bearish run will happen too as they will try to take advantage of this pump and sell their coins to make profits. But, there's a scary part to doing that because the approval of the Bitcoin ETF is hanging which means anytime it could be approved and if I am a whale I will have doubts about selling. That could also be one of the reasons why it is staying at its current price.
It's slowly going down but there are still investors who will be afraid of missing out so the demand will keep on coming.
The hype about the ETF is so large that even those who just know about other ETFs will realize that this could be a good way to make profits, I have friends who are now asking if they should buy now and I cannot find a clear answer for them. I just shared with them the events that will happen next year and recent Grayscale news winning their case against SEC. It's up to them if they will buy and I won't be part of it as I don't want them pointing fingers when a bad turn comes.

[Dimitri94]

Just to express my thoughts about this $5k upturn, inam having a hard time to accepting that a very close bullrun is underway if I don't see a corresponding altcoins price move with the bitcoin price move towing them along in every move. My resolve will be strong for a bitcoin bullrun when this happens else this is going to be followed by a long time dump.

Bitcoin is always showing this kind of buy pressure whenever there’s a strong price resistance broke while backed by a good news such as ETF approval. This price action happened too when Blackrock first filed their ETF and other event. Bitcoin show more stronger gain than that in the past bullrun.

It’s a sign how strong the Bitcoin market when everyone is positive. This is FOMO buying due to speculation for the upcoming ETF.

Agree, we still have a long time to wait for Bitcoin ETF to approve. So I wouldn't say that the price of Bitcoin is increasing depending on only for ETFs. Because we know that next year we will see a potential bitcoin halving. However, with the market having a positive sentiment on ETFs, the price of Bitcoin has already risen sharply to the highest price since the 2021 Bitcoin crash. Here is FOMO work greatly. Various analysts believe that FOMO is playing an important role in Bitcoin's sudden rapid growth. But I believe this trend may be continuous for next 2 months but not sure.

[ajiz138]

Some say that this is a bulltrap?

Might be possible, that there could be a downtrend after this spike.
But it could be also a starting point for a path of ATH.

The usual bulltrap will not be long, I see the movement after this spike getting stronger, will be to this $40K point a little more.
Yes I feel so... this may be the starting point where ATH will soon... in november last year it was at its lowest point now it has doubled from last year's price, I think this is actually a recovery.

[Sophokles]

Some say that this is a bulltrap?

Might be possible, that there could be a downtrend after this spike.
But it could be also a starting point for a path of ATH.

The usual bulltrap will not be long, I see the movement after this spike getting stronger, will be to this $40K point a little more.
Yes I feel so... this may be the starting point where ATH will soon... in november last year it was at its lowest point now it has doubled from last year's price, I think this is actually a recovery.

This can be considered a recovery though this is one of the longest bear markets the community is facing. Breaking above 32k and holding that position for more than 24 hours gives long term investors more confidence. A lot of long positions were opened by the traders as soon as BTC broke 32k and started rallying towards 35k. This continuation of the rally can take us to above 40k by the end of the year.

[BitDane]

This can be considered a recovery though this is one of the longest bear markets the community is facing. Breaking above 32k and holding that position for more than 24 hours gives long term investors more confidence. A lot of long positions were opened by the traders as soon as BTC broke 32k and started rallying towards 35k. This continuation of the rally can take us to above 40k by the end of the year.

True, this can be the miners relief trend.  But still I am puzzled about the sudden surge of Bitcoin and the continuation of that surge even though it was confirmed that the Blackrock ETF approval is a fake news.  Is there some huge force behind these Bitcoin surge?  I am wondering if we are in for a bitcoin bull market transition before the halving or someone is setting another bull trap just to take advantage of many naive traders and investors.

It would really a nice thing if the uptrend of Bitcoin is a natural market of demand and supply effect and not some trend manipulation by some groups in order to take profit at the end that can cause losses from the biters of the bait.

[blckhawk]

The sudden rise in bitcoin is what I don't still understand how it happen, but I know that we are close the the halving and one should expect a pump in bitcoin price but not as high as this. I could remember how many times forum members have speculated that bitcoin price will not cross 33k by the end of this year, but right now still in the month of October we have seen the highest rise in bitcoin price since 2022. This shows that bitcoin is a good asset to invest in and anyone that has bought yet can still buy because nobody knows what bitcoin price will be by the end of this year. If ETF Bitcoin is approved by January, it means that bitcoin price will go above 120k as the new ATH.

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.

[Sebas.tian]

The rise in Bitcoin in a short time yesterday clearly brought us joy. Investors may have sold some of their Bitcoins to take advantage. However, many investors are still holding Bitcoin and not selling it at yesterday's high price.

But it is still far from the previous ATH where Bitcoin is currently still struggling to reach the previous ATH. And now, the price correction has come. This correction makes me curious because with the $34k level reached, where will the price of Bitcoin fall? Can Bitcoin price remain above $30k during the current correction or will Bitcoin price return to below $30k?

It remains a mystery to us. And people who bought Bitcoin at $33k or $34k yesterday could be worried because they bought Bitcoin at high prices. But if they don't panic about the decline in Bitcoin and can hold their Bitcoin tightly, they will see that they will make a profit in the future.

The increase made many holders to believed that bullish run is very close to the market, and it will make some not to sell their coins now than to wait to see what will happen before the end of this year because it look like the bullish run will appear before the end of November. The price has hit $34,721 few hours ago and the green light is still displaying some signs to encourage the holders not to miss this season because the bump will take a long season before it will return back to bearish run, which will be possible for those that will endure now and hold till that day. I don't think those that bought at the rate of $33,000 or $34,000 will be worry of anything because the price will continue increasing for those that invested in the past to supply to make a passive income.

[kotajikikox]

The sudden rise in bitcoin is what I don't still understand how it happen, but I know that we are close the the halving and one should expect a pump in bitcoin price but not as high as this. I could remember how many times forum members have speculated that bitcoin price will not cross 33k by the end of this year, but right now still in the month of October we have seen the highest rise in bitcoin price since 2022. This shows that bitcoin is a good asset to invest in and anyone that has bought yet can still buy because nobody knows what bitcoin price will be by the end of this year. If ETF Bitcoin is approved by January, it means that bitcoin price will go above 120k as the new ATH.

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 must agree that not only bitcoin but the whole market shows positive movement every October and sometimes lasts till December so yes there are possibilities that this is same as what we had in the past years.
though sideways may happen because no one can predict the market by all chance.
4th quarter upon my experience is always giving me good income from my investments and hoping I will still have this year, and  hoping it will continue to grow from 34k to 40k

[michellee]

I don't think there has been a price correction right now from the significant increase that occurred in the last few days, currently the price is still in the $34k-$35k price range which means it is still quite high and we are still waiting to see whether the increase will continue or vice versa.

We don't deserve to talk about ATH right now, currently a significant increase has just occurred and we are entering a halving time which allows us to return to seeing the things we want.
There is no need to panic, Bitcoin's movement tends to be more in a positive direction this year, and that indicates it will continue until the end of the year, and I am quite optimistic about that.

The correction may not occur suddenly but slowly, so we will not realize that the price is falling slowly. And currently, the price is still fluctuating in the $34k area but we still need to be prepared if the correction turns out to come suddenly.

Bitcoin prices can continue their increase or experience a decline. We will not know how the price of Bitcoin will move, but if we can prepare for all the possibilities, we can adapt to the circumstances that will occur.

The increase made many holders to believed that bullish run is very close to the market, and it will make some not to sell their coins now than to wait to see what will happen before the end of this year because it look like the bullish run will appear before the end of November. The price has hit $34,721 few hours ago and the green light is still displaying some signs to encourage the holders not to miss this season because the bump will take a long season before it will return back to bearish run, which will be possible for those that will endure now and hold till that day. I don't think those that bought at the rate of $33,000 or $34,000 will be worry of anything because the price will continue increasing for those that invested in the past to supply to make a passive income.

The market may be very close to a bullish movement but we are still far from its final ATH. Meanwhile, we don't know whether there will be a significant improvement after this or there will be a correction, or whether the improvement will come gradually.

But the current situation has given hope to Bitcoin holders. At least, new Bitcoin holders can see that their purchases in Bitcoin can provide profits. And if they keep buying more Bitcoin and holding it tightly until the price reaches a new ATH, their profits will be even greater.

[arwin100]

The sudden rise in bitcoin is what I don't still understand how it happen, but I know that we are close the the halving and one should expect a pump in bitcoin price but not as high as this. I could remember how many times forum members have speculated that bitcoin price will not cross 33k by the end of this year, but right now still in the month of October we have seen the highest rise in bitcoin price since 2022. This shows that bitcoin is a good asset to invest in and anyone that has bought yet can still buy because nobody knows what bitcoin price will be by the end of this year. If ETF Bitcoin is approved by January, it means that bitcoin price will go above 120k as the new ATH.

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 must agree that not only bitcoin but the whole market shows positive movement every October and sometimes lasts till December so yes there are possibilities that this is same as what we had in the past years.
though sideways may happen because no one can predict the market by all chance.
4th quarter upon my experience is always giving me good income from my investments and hoping I will still have this year, and  hoping it will continue to grow from 34k to 40k

Something great usually happen on late months of the year since many provably expect some good changes to come especially that bitcoin comes from a long drop or stability. But since there's event that people await for longest time maybe that contributes for bitcoin to reach that up faster and no one expect that to come. But since we already have some great month then provably November might have something good to offer to us bitcoins users. So I'm quietly excited to see on what will happen next month since right now Bitcoin is showing some good signs about possibly trajectory for next couple of months to come. So maybe we can safely say that by by November to December maybe we can see the price of bitcoin can reach at the price you mentioned.

[rojan]

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.

[Razmirraz]

The rapid increase in Bitcoin prices is certainly very encouraging for Bitcoin holders, no one would have thought that in just one hour Bitcoin would increase by $5k. Immediately determine the right price to sell your assets, if you are not so sure that the bullrun has just started, don't waste the profit that is in front of your eyes before it all disappears when a long-term dump occurs. I'm still waiting to see how far Bitcoin will rise, I will immediately exchange it when there are signs of a decline.

[AmoreJaz]

The rapid increase in Bitcoin prices is certainly very encouraging for Bitcoin holders, no one would have thought that in just one hour Bitcoin would increase by $5k. Immediately determine the right price to sell your assets, if you are not so sure that the bullrun has just started, don't waste the profit that is in front of your eyes before it all disappears when a long-term dump occurs. I'm still waiting to see how far Bitcoin will rise, I will immediately exchange it when there are signs of a decline.

if nothing else, positive vibes are going in in the community right now. and it will give a good boost to those who are still hesitant to touch this market. with every rise in this market, means more people are considering to have a look on this industry, and so it translates to additional demand. which of course, is a very good one for us.
and with this rise, it shows that this market is still indeed a very volatile one, which is why a lot of traders are being attracted to this market.

[Fundamentals Of]

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.