Bull season started?

[Franctoshi]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.

[kingvirtus09]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

I think it looks like Bitcoin will reach a price value of 40k each this coming December 2023 or before the end of this month of November. Because in these times, we are really in an uptrend. And others, even though we are bullish right now, think it might just be a bull trap.

And in my opinion, based on my charting observation, it looks like bitcoin will actually have a liquidation, and if it drops, maybe only between 31k and 33k, I guess in my own opinion.

[Dunamisx]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.

Bitcoin bullrun hasn't started yet, but we are warming up already in preparation for that, the market will definitely rise and the target is about the closeness to the halving by next year, but not until then, we should be expecting the market to maintain being on this same pump from now on, there's no much significant bear till the year ends and we still have a long way to go from where we left which is $68,000 before the bullrun commences after halving.

[taufik123]

Bitcoin bullrun hasn't started yet, but we are warming up already in preparation for that, the market will definitely rise and the target is about the closeness to the halving by next year, but not until then, we should be expecting the market to maintain being on this same pump from now on, there's no much significant bear till the year ends and we still have a long way to go from where we left which is $68,000 before the bullrun commences after halving.

The $68k is the first bullish stop that must be reached in order to reach the new ATH.
But this all depends on how the current market trend is.
If you expect the market to continue to rise and still remain stable, of course, it must have the support of strong fundamentals.

There will definitely be some FUD that appears to make the Bitcoin price go back down so that a correction occurs, this is very natural and healthy for the market.
Instead of rising high instantly, it will also result in an instant decline.

Halving is a sign that there will be a new ATH, but it will not be the same as the previous Halving,
of course, there will be differences in the trend, market conditions, and how whales work.

[salad daging]

There will definitely be some FUD that appears to make the Bitcoin price go back down so that a correction occurs, this is very natural and healthy for the market.
Instead of rising high instantly, it will also result in an instant decline.

Halving is a sign that there will be a new ATH, but it will not be the same as the previous Halving,
of course, there will be differences in the trend, market conditions, and how whales work.

About FUD news, there will always be something that affects the price of bitcoin to be corrected, today bitcoin has corrected to $36.2K, of course this is natural because the price will not continue to fly.
It is very rare for bitcoin to rise instantly, there must always be a process to rise to a certain price otherwise the decline is not instantaneous.

Although it will not be the same as the previous halving I think many people are certain that with the Halving there will be a sign of ATH whether it is at the end of 2024 or in 2025 people will always look forward to it.

Yeah it will affect all conditions in the market, so we never know when a positive trend will come people will always wait for the best moment.

[doomloop]

However, the more I think about it, the more I feel that we might see the market going down once again even if it touches $40k within November, and the dip this time might take us back towards the $32k - $31k range. Some people might not like it, but those who are waiting to buy more, will have another opportunity.

With the speed at which the price is moving, $40k is closer, and even if we reach $40k, there is every possibility that we can also reach $45k. I don't have a problem if Bitcoin drops to $31k, like you have said. The reason is because the bull run has obviously not started, and it's normal for the price to drop. Even during a bull market, the price movement is always not just moving up steadily; it still decelerates and circles around a particular price for some days or even a week before it spikes again. Experienced investors will not worry about price drops; if they're actually going to drop, the people who show the most worrisome concerns are newbie investors who have not actually experienced the bull market of Bitcoin.

I had the same thought a couple of days ago, I thought $40k would be crossed very shortly without a doubt, but I see that the market has become quite stable at the moment, and if it stays at this position for pretty long, it might drop back from there because if it could get stronger, it would go up more and wouldn't become stable. This will confuse a lot of traders once again since they will start thinking about whether they should buy or wait more from here because if it starts going up from here, it might not come back down to these levels.

I don't think that the concerns of investors that panic have anything to do with the fact that they haven't seen a bull run yet, but it's just that they can't see their portfolio losing value and when they see that happening, they start panicking because they feel that their investments will keep losing value and might even lose everything they have invested.

[Ojima-ojo]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

The price of Bitcoin is beginning to stabilize and at the moment,  bitcoin is neither showing an uptrend price movement nor da trend and for sure we are close to a time when Bitcoin price can be the most volatile and for that, we have to be more proactive in our analysis of the market before making our speculations and for sure Bitcoin has shown a more positive outlook than negative so sure it is that we may likely see an uptrend market behavior in the coming days.


We may also be right to say that the Bitcoin price at 35k is being the likely discount price before the main correction happens which may be in an uptrend direction.

[Agbamoni]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

I think it looks like Bitcoin will reach a price value of 40k each this coming December 2023 or before the end of this month of November. Because in these times, we are really in an uptrend. And others, even though we are bullish right now, think it might just be a bull trap.

And in my opinion, based on my charting observation, it looks like bitcoin will actually have a liquidation, and if it drops, maybe only between 31k and 33k, I guess in my own opinion.

I agree with your speculations. If you look at the price movement and the candles one who truly understand the system will definitely believe that Bitcoin will hit 40k this month or December. A lot of things have been said to be the reason behind the sudden rise of Bitcoin. One which is because of the approval of the Bitcoin ETF that has led so many persons to be interested in holding Bitcoin. They believe if Para venture the Bitcoin ETF is approved there will be a full bull session for Bitcoin so they don't want to miss the train while they can see it.

[BITCOIN4X]

~Snip

Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.

The price corrected close to $2000 in the last 24 hours. Saturation has likely played a role in why today the price of bitcoin corrected instead of trying to break through its resistance. I'm not panicking, but this high volatility is unpleasant when I don't have the budget to accumulate.

Expectations of touching $69k are still very high in the future regardless of the timing. Bitcoin will experience a halving in the next few months and historically this will trigger a lot of price increases and can even print a new ATH. The increasing demand for bitcoin in the market will cause a rise although some people will sell it along the way to enjoy the returns.

[GeorgeJohn]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Actually when looking at the market its very obvious that market of cryptocurrency is promising and we don't know exactly when the price of bitcoin will decrease as we may say concerning cryptocurrency, so therefore I will say that we have no fully assurance that we are into the bullrun yet, because as of two days ago the price of bitcoin was at thirty seven thousand and right now the price of bitcoin is at thirty six thousand [36k] going for thirty five thousand [35k] so we don't have to conclude of the price of bitcoin and also decide to agree that we are in a full time bullrun.

[dunfida]

So we do have some drop on here on which we've been having thoughts that the price could break 37k. Now we are again on 35k+.
So whats the news? I havent found out yet since there are no other sentiments around on which i do shows the reason
with the current drop but well this kind of % drop is really just that an ordinary day here on crypto space.

Time to buy? If you can risks then yes it is, because we wont know if we would really be heading next on 40k after this one.
It is really that hard to have such guess.

[STT]

The debate between the two might be quite irrelevant and both phases resemble each other.  There are far more sell offs and pullbacks in an average bullish trend then most would like to accept, traders are brave but ignorant or in denial of the losses we will take along the way is more reflective of reality.
  We are between two Fibonacci lines, recovery of the losses from the top will be the grander picture  that frames any of this action, all these questions.

[arabspaceship123]

Bitcoin's stayed below $30k for a period before it's $35k value but this isn't the bull season because there isn't enough activity in each crypto price increasing including bitcoin. The value's increased recently but it isn't indicating it's in the centre of a bull season. It's going to take longer before it's considered bull season.

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

[serjent05]

It is too early to say that the Bitcoin market bull run has already started.  I still have the feeling that a possible bull trap may happen before the Bitcoin halving, but I am hoping that I am wrong.  Bitcoin going sideway is an indication that Bitcoin market is yet to enter its bullish state, I believe the Bitcoin market bull run will be experienced after the halving which can be fueled by the possible approval of ETF.

If we get lots of ETF application approvals we might experience a higher surge of Bitcoin price because these ETF will surely bring huge funds into the market that can trigger FOMO making the price of Bitcoin go up faster.

Time to buy? If you can risks then yes it is, because we wont know if we would really be heading next on 40k after this one.
It is really that hard to have such guess.

Why not?  If we are into holding Bitcoin, $35k buy price is also good even if the price drops a bit lower in the coming week, since we are hinted that it won't take that long before the market transitions to a bullish market.

[shinratensei_]

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

I think it looks like Bitcoin will reach a price value of 40k each this coming December 2023 or before the end of this month of November. Because in these times, we are really in an uptrend. And others, even though we are bullish right now, think it might just be a bull trap.

And in my opinion, based on my charting observation, it looks like bitcoin will actually have a liquidation, and if it drops, maybe only between 31k and 33k, I guess in my own opinion.

expected same thing, december bitcoin 40k definitely possible, the chart looking good altcoin also increasing even most of them.
but we'll see about the ETF, if things went south, so does bitcoin price, hopefully it won't. I think the ETF is the main factor that could affect the increase of bitcoin here, to end the bearish season for real.
but its all still uncertain about what the results would be. but many people that willing to invest should know, ATH was $100k, now price only $35K even if the market looks like it has been rising, its still far away from ATH, therefore you're not late to invest. because maybe, we'll never see $35k again in the future, every bullrun always have higher bottoms than the previous one, therefore investing right now isn't really wrong.

all these good news, are clue for us.

[Reatim]

The debate between the two might be quite irrelevant and both phases resemble each other.  There are far more sell offs and pullbacks in an average bullish trend then most would like to accept, traders are brave but ignorant or in denial of the losses we will take along the way is more reflective of reality.
  We are between two Fibonacci lines, recovery of the losses from the top will be the grander picture  that frames any of this action, all these questions.

Acknowledge the GIF and yes there is truly a confusion if we are already in Bull or this is going to bear  and now after reaching
37k and above , goes back to 35k and showing weak holding and yes seemingly to go down in below 30k , I thought this will be happening
 before the December ends but looking in what performance Bitcoin is showing ,  we seems to be looking for  a bear November ends and
to continue lowering till after Halving next year.

[taufik123]

-snip-
Although it will not be the same as the previous halving I think many people are certain that with the Halving there will be a sign of ATH whether it is at the end of 2024 or in 2025 people will always look forward to it.

Yeah it will affect all conditions in the market, so we never know when a positive trend will come people will always wait for the best moment.

yes, Halving is a sign that the market will soon be bullish and a reversal point where everyone will start focusing on Bitcoin.
The ATH that will happen later will be crazier than the previous ATH, this makes me more optimistic, 2024-2025 will be good years for Bitcoin and the crypto market.
Those who are able to endure will benefit from the patience.

-snip-
Time to buy? If you can risks then yes it is, because we wont know if we would really be heading next on 40k after this one.
It is really that hard to have such guess.

Any price before reaching the previous ATH is still worth it to buy.
When the price is below $20k still asking if it's time to buy, when the price reaches $30k still asking if it's worth it to buy.
That question will always be with people who don't believe and don't know how the market works.
Buy now and hold, this is an opportunity before Bitcoin reaches ATH $100k++.

[Sebas.tian]

Just a spike in price but no real bull run whatsoever. However , the signs of a bull run are present in the crypto space but the price tells us there is a big accumulation phase going behind and personally , I don't want to miss this so everytime I have some money to spare , I get some Bitcoin in return.

I also have a prediction of Bitcoin going full bull run Q3 of 2024 until Q1 2025.

What is on ground is just a trap that will make those that want to sell now to regret when the real bullish season appear in the market, I believe you can see that the price of Bitcoin has decreased to $35,431 yesterday and it is a sign that bullish season is not too far from holders. I know something good will still happen before this year run out because I have some coins to sell when the real bullish remain stable in the market because my target is to sell when the price reach $80,000, and it will definitely happen next year, and it will help many long holders to experience huge amount of income. There will be bullish season from 2024 to 2025 according to some researchers which is a good prediction many holders have to take serious by using this opportunity to buy Bitcoin and hold till bullish season appear fully in the market before they can sell.

[kro55]

-snip-
Time to buy? If you can risks then yes it is, because we wont know if we would really be heading next on 40k after this one.
It is really that hard to have such guess.

Any price before reaching the previous ATH is still worth it to buy.
When the price is below $20k still asking if it's time to buy, when the price reaches $30k still asking if it's worth it to buy.
That question will always be with people who don't believe and don't know how the market works.
Buy now and hold, this is an opportunity before Bitcoin reaches ATH $100k++.

I really don't understand why there are questions: is this the right time to buy, will bitcoin price fall further? when is a good time to buy and hold?...Meanwhile, any of us can see that the current price is still heavily discounted compared to the old ATH we had. If this is not the right time to buy then what is the good time to buy if bitcoin rises to $40k in the coming days? I believe that people who until now still ask those questions will never buy bitcoin, simply because they do not trust bitcoin.

[Poker Player]

What is on ground is just a trap that will make those that want to sell now to regret when the real bullish season appear in the market, I believe you can see that the price of Bitcoin has decreased to $35,431 yesterday and it is a sign that bullish season is not too far from holders.

It was actually a bit weird because the stock market was up a lot yesterday, not that they are necessarily coupled in every session but the inflation data cheered the markets, although in this case not Bitcoin. The point is to take the long view and not get discouraged by these little bumps in the road. We are at the beginning of a bullish period even if there are small stumbles.