Bull season started?

[Kelvinid]

For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.

truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.

While seeing the price of Bitcoin surge to $30k, most of us think that is a sign that the bull season is coming.
Indeed, it was not surprising but yes, it is pretty early to say because our mind has already been closed as we are expecting and assuming that the bull season will start after halving. Well, that is somewhat to say that we can't be sure that everything that happened in the past still be the same as this year and in the coming years -I'd never taught like that. With these FUDs, news, and social media influence, we can expect changes rather than seeing the same.

[Pierre 2]

For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.

truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.

While seeing the price of Bitcoin surge to $30k, most of us think that is a sign that the bull season is coming.
Indeed, it was not surprising but yes, it is pretty early to say because our mind has already been closed as we are expecting and assuming that the bull season will start after halving. Well, that is somewhat to say that we can't be sure that everything that happened in the past still be the same as this year and in the coming years -I'd never taught like that. With these FUDs, news, and social media influence, we can expect changes rather than seeing the same.

I am generally very worried about current market emotions from people. If this war true bull market we would see huge moves upwards not only from Bitcoin also from Ethereum. Bull market generally hits when noone is expecting it at all. That's why I prefer to stay cautious. At least %50 of coiners telling around that we started bull season. That's only reason why I believe we actually didn't. Newbies are always repetitive with their takes on crypto markets.

[Ayers]

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snip.

If they don't dare buy at $15k to $25k because they'd rather wait for a deeper decline, then I don't think they're ready to buy at $30k or $34k right now. Many people have doubts about the big things about bitcoin such as its price increases being better in the long run, but the experiences that others share for free can be taken into consideration.

Or the opposite can also happen, those who miss the opportunity to buy at 15k-25k will have to buy at a higher price because they are worried that they will once again miss the upcoming train. Some of my friends didn't buy bitcoin last year when it was at 15k-17k and as far as I know, they also just bought bitcoin when it passed 30k$ for fear of continuing to miss out. People who are always hesitant and waiting for lower prices will never buy bitcoin or will have to buy at a higher price than us  .

Halving is getting closer, we have started counting down to it. I am optimistic that bitcoin demand will increase greatly ahead of the halving and a large correction should no longer be expected at the beginning of the year until the halving. But I'm sure, FUD will remain and this is just another way to undermine the trust of weak bitcoin holders.

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

[jeraldskie11]

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

[cheezcarls]

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?"

Even that we are on a market rally, I do not think I am confident that this is already the start of the bull season. Probably the bulls are just warming up as I can see this is some sort of a bull trap.

But the good thing is that the price stays within the range of $33.8k to $34.2k as of this time of writing.

We also have to be prepared for some black swans to come in like there is a recent news about $4.55 billion worth of BTC and ETH options that is set to expire today.

That sounds bearish to me and might be going for a short position, but time will tell and we will see how long we could hang on to this price range.

[michellee]

The bull market will return but maybe not yet. Slowly, the market will recover, and now, Bitcoin is on its way. We must be more patient in waiting for the market to become bullish again. And in the meantime, we are still given the opportunity to buy more Bitcoin at the current price.

And don't forget that the current increase will have a decrease as a correction. At that time, you can use it to accumulate more Bitcoins. It's better not to be too serious about waiting for a bull market but focus on accumulating more Bitcoins for now.

If a correction comes later, will the price of Bitcoin remain at $34k or will it decline below $30k again? Because the price of Bitcoin managed to rise to the current level of $34k. So it's better to be prepared with your money so you can buy more Bitcoin.

I would say that some people already too late and that is the one regret they probably have. I have bought bitcoin all the way before it hit 20k, of course I bought it when it was over too ,but buying under 20k was the smartest thing I did for a long time. That is how it looked, we are more than double the bottom right now and people should realize how great this is. Why people got worried about it is still beyond me.

I understand it may still fall don't get me wrong, but just because it could go down doesn't mean that it will, it just means that we are going to end up with different results all the way down. I think we need to have some sort of belief in bitcoin that it will do better in order for us to see it grow bigger before it happens.

Even though they are late, they still have time to buy Bitcoin, especially since the price is currently experiencing a correction. But if they don't immediately decide to buy Bitcoin and still delay it, they could really be late in buying Bitcoin. Prices above $30k are still low, considering Bitcoin's last ATH was at $60k.

Bitcoin can reach the final ATH price when the bull market comes. And many analysts speculate that Bitcoin's price may reach above $100k. With the opportunities that still exist, they should be able to use them to buy Bitcoin. And as long as the price stays under $50k, it's still a great buy.

And if they are still given the opportunity to see the price of Bitcoin fall even further than its current price, they don't need to delay it any longer. After all, they can purchase using the DCA method. So like I said, the bull market hasn't fully arrived yet. Current market conditions are trying to get a price reversal. So stay patient and wait for the price to reach $60k before the bull market will come in full force.

[Kasabus]

It has not arrived yet and what we were seeing is due first to the fake news about the bitcoin etf approval. Next, is about the IBTC ticker which hasn't confirmed yet. But if we are going to connect all of these, they are likely about to get for real.

Now the thing is, how long we are going to wait until the bull run happens. Indication wise, after the halving. That is safe to say that  the bull run will start from there but, we can be wrong from that point and it could happen any moment from now on.

And with the recent rise that we have seen lately, corrections are about to happen but it cannot be as big as the recent pump we witnessed.

I cannot agree as well that what we are seeing is the start of the bull run. As far as I remember, we are preparing our investments for the upcoming bitcoin halving which after that event, bull run is expected to start. So the bull run could still be possible by next year. However, as the market is also unpredictable, then we don't also hold what lies for bitcoin days and months from now. Bull run could be earlier than our expectations, who knows.

But I also have feeling that what we are seeing today is just a temporary price increase due to fake etf approval and after this, we might witness another price correction that could make the market look bearish again until the bitcoin halving event happens.

[Vaculin]

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 is currently priced at $33k so there was a price setback that happened, which means we are not yet in a state of bull run since the price is not seen to be in a consistent price surge. More or less a price correction is what we are seeing at the moment. Regardless of any reason, either it's the fake etf approval or whatsoever, we can only see and felt if bull run is already here when majority of the crypto coins are in a good position. But for now, I don't see it happening yet.

However, this also gives us more opportunity to invest and prepare our portfolio knowing we are not yet in a bull run. It could be more pleasing for our eyes if bitcoin price will drop even more as it would encourage everyone to buy more bitcoin in preparation for the next year's big event the bitcoin halving. Surely after that, the real bull run is set to happen.

[ShowOff]

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Or the opposite can also happen, those who miss the opportunity to buy at 15k-25k will have to buy at a higher price because they are worried that they will once again miss the upcoming train. Some of my friends didn't buy bitcoin last year when it was at 15k-17k and as far as I know, they also just bought bitcoin when it passed 30k$ for fear of continuing to miss out. People who are always hesitant and waiting for lower prices will never buy bitcoin or will have to buy at a higher price than us  .

Of course, some people are so afraid of buying during a correction because they think it's the quickest way to lose. If they understood the strategy well, then they should have been able to buy with DCA but unfortunately they missed this good opportunity. Then they buy at $30k, that's because of FOMO, but DCA's strategy should still be able to help them and that is still also useful.

I tend to recommend DCA instead of a lump sum at any price, it's the best way to invest so they can get a lower average price. Corrections are always possible, so they can still buy with the remaining budget if they use DCA as their strategy.

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

[Porfirii]

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

To me, halving is not so far away, and I have been waiting for a slight rise in price for the last few months (I'm more optimistic than Kelvinid and expect the rise to start before and not after the event).

It feels a bit different this time and I agree with ShowOff that, after having broken the 30K resistance again, I don't expect it to go below that point. Well, I didn't expect it the last time either, but halving is just a few months ahead, and IMO more and more people will be afraid of missing the train. At this stage there shouldn't be so many week hands left.

[cryptomaniac_xxx]

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

To me, halving is not so far away, and I have been waiting for a slight rise in price for the last few months (I'm more optimistic than Kelvinid and expect the rise to start before and not after the event).

Yes, it's around the corner now, although it is still next year, but days flies so fast that we need to be ready by the halving time. So accumulate as many as we can so that we will be ready when the halving comes. And there should be no regrets whatsoever that he missed it because we still have time to buy cheap bitcoin as the current price.

It feels a bit different this time and I agree with ShowOff that, after having broken the 30K resistance again, I don't expect it to go below that point. Well, I didn't expect it the last time either, but halving is just a few months ahead, and IMO more and more people will be afraid of missing the train. At this stage there shouldn't be so many week hands left.

We never anticipated that the price will go up, and what will be the most likely source (fake cointelegraph news), to $30k. And then we have the ticker for Bitcoin Spot ETF and we thought that it has been approved already, so another fake news push the price to $35k. But the good thing is that there are no sudden sell off in the market even if we have realized what is the cause of the sudden spike. Price remain at $33k which is very good and just shows that we are in the bullish short term.

[Quidat]

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 is currently priced at $33k so there was a price setback that happened, which means we are not yet in a state of bull run since the price is not seen to be in a consistent price surge. More or less a price correction is what we are seeing at the moment. Regardless of any reason, either it's the fake etf approval or whatsoever, we can only see and felt if bull run is already here when majority of the crypto coins are in a good position. But for now, I don't see it happening yet.

However, this also gives us more opportunity to invest and prepare our portfolio knowing we are not yet in a bull run. It could be more pleasing for our eyes if bitcoin price will drop even more as it would encourage everyone to buy more bitcoin in preparation for the next year's big event the bitcoin halving. Surely after that, the real bull run is set to happen.

Corrections or pullbacks do normally happen and yet it wont really be called a market if it wasnt really having that kind of behavior or simply we are really just that heading on one path.
Bull run season started? This would be always the normal line on which people would really be saying on which they are really that indeed believing that this is really the start of the bull run on which the price of Bitcoin did make out some movement from 26k to 35k in a short span of time without even trying out to realize that this kind of movements arent something that needs to be shocked on.
We've seen on how this market did make out huge movement in the past but it doesnt automatically indicates that we are on a bull run season.

The current movements cant really be denied to be that impressive on which it would really be normally be giving out that kind of impression that it might be the start of bull run but actually it isnt
yet. Come to think that we arent that past halving season of BTC on which this had been always the main catalyst or reason for us to assume that anytime bull run would kick in
but for now then it is really just that some significant pump but its not BR yet.

[Japinat]

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?"

Are we expecting an early bull season just because there is a sudden price surge for bitcoin? For me, this is not enough reason, but I can see that this is just part of market price correction as there are really times that bitcoin price will suddenly surge high but after that, it will eventually drop low again and stay in its original price. And I know it's happening right now since bitcoin is currently priced at $33k.

However, even if the market goes suddenly bullish or bearish, I think we don't hold the market as to how it behaves. The important thing is we try to grab opportunities to invest in bitcoin when the price is given us chances to invest before its price will ultimately reach its new all time high.

[Viscore]

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?"

For first timers, this could be their own perception being in a bullish season. But its not actually it is. There's more to bullish season than we can expect more than this. You will only see that the bull season has started when everything in the market is in its best position which means all coins are at its best price ever and that price increase will certainly happen consistently and not just temporary. But its not how the market looks today. Bitcoin is increasing yet majority of the coins are still at its loss prices. The reason why bull run is not here yet, but it will probably be here after bitcoin halving happens.

[serjent05]

I think it is too early to say that Bull season has started.  The market could have been in a temporary bullish sentiment because of the bitcoin rally.  This may be a relief rally before the halving and Bitcoin price history that October had been a good month for Bitcoin.

There is also not enough good news to maintain the current price and if there is no new releases of good news, then it is possible that the Bitcoin market will move sideway again while slowly correcting itself.

[Fundamentals Of]

No, this isn't the bull season yet. This is just a quick rise due to certain factors that are not even enough to start a sustainable bull run. The listing of IBTC, BlackRock's Bitcoin spot ETF ticker, on the website of DTCC caused a lot of hype and FOMO. That probably was the main reason why the price of Bitcoin recently jumped to $35,000.

But that was not really a big thing. It wasn't comparable to an approval of Bitcoin spot ETF. It wasn't comparable to the effects of the upcoming halving. These two are the biggest reasons so far for a bull season. And they have yet to happen.

[rodskee]

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?"

Even that we are on a market rally, I do not think I am confident that this is already the start of the bull season. Probably the bulls are just warming up as I can see this is some sort of a bull trap.

                                                   Only Newbie that will listen about this time is Bullrun because we as witnessed
of the past bull market , we have seen and understand that there are certain increase in market before the bull market
happened and soon will be followed by Bear market and really hard dumping happens before hand.

But the good thing is that the price stays within the range of $33.8k to $34.2k as of this time of writing.

                                                  well we are near closing October so usually time lime this are the one who will start
the small drops and then by December will followed by good pump before the end of the month stars its bear before
halving.

We also have to be prepared for some black swans to come in like there is a recent news about $4.55 billion worth of BTC and ETH options that is set to expire today.

That sounds bearish to me and might be going for a short position, but time will tell and we will see how long we could hang on to this price range.

                                                  that is a huge expiration so bearish is coming any time very soon then?
its good that I am ready for this kind of market changing as I still have good chunk in my holding.

[Mauser]

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 am really surprised by the recent price jump in the bitcoin market. The world is still in such a dark place with the Israel war now, high inflation rates, sluggish economic growth by many developed countries and worsening demographic factors. Many stock indices around the world where dropping in value, while at the same time the bitcoin price rallied. It's nice to see that the crypto market can withstand the shocks in other asset classes. I just worry a bit how long this is going to continue and how next year is going to turn out. With the halving coming up in 2024, I think that there is a lot of pressure on bitcoin to rise even further. Such high expectations can lead to  unsatisfied investors that might sell their coins and push prices down again. Let's hope the prices don't rise to quickly again as this could also trigger another sell off.

[348Judah]

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

There have been strong resistance in maintaining nothing below $34,000 though the market earlier yesterday went down a little bit to 33,700 or so, yet it still bounce back to where it belongs in favour of the bull, this is a strong feelings that we are likely to experience more of bull this present time than ever before that bear market have been prevailing, the end of this month will justifies the means but we are more likely to go higher than expected as some already predicted $38,000 sooner as the month round up.

[rhomelmabini]

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 we will experience first the "disbelief" stage before we go to the real bull run or maybe wait until post halving because this has always been the case. I still believe as well that there will be a retest on previous supports and don't need to FOMO because there are lot of posting their own gains.