Bull season started?

[fzkto]

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.

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

[danadc]

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've been keeping an eye on the Bitcoin market, and it's been a fascinating journey. In my opinion, the current spike to $35k could have been impacted by past October trends, but it's difficult to say for sure. Aside from that, the bitcoin ETF is still pending approval. So it will be risky to invest in BTC. However, I'm far from this risk and am also growing my portfolio with my current BTC by using the Bitget SHARK FIN product. It is a low-risk and capital-guaranteed structured investment product that allows you to earn in this bear market without losing your money.

You don't have to start doing many things like imagining that it can go up now or go down now, it is normal that if the price of bitcoin rises to $35k or more it can take a turn back to gain momentum, just as it can go up to $40k Since the week before last I have said that the price would rise , but for me it can rise to $40k and stabilize there for a while, because investors are believing more and they know that the reasons are the impulse to buy bitcoin, and that is why it is Now, despite all the reasons that the war has been reinforced because the fear of investors is growing, it is difficult, I Understand , to put money there with the threats because it is not easy at all , but it is Bitcoin.

[Sanitough]

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.

  We can only say that the bullish market is here to stay when the market is full of positive news, but it seems no big news are up in the market except for the expected bitcoin etf approval that will happen early next year. And while it’s not happening yet, then it’s not impossible that the market will be tested more and may experience a roller coaster ride before bitcoin halving will se to happen. Although it’s safe to stay optimistic on the market, but sometimes with unexpected news that suddenly hit and affect the market, we get bothered that some beginners end up panicking and sell their coins earlier before the real bull run happens.

[bestcoins1]

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

Now the price of Bitcoin is still at $34K and I also hope that next week there can be another increase so that people can continue to be enthusiastic about buying and holding it in the long term. Because when there is a price spike with market conditions continuing to improve, of course there will be an intention for many people to take advantage of this condition, although on the one hand some people may feel regret because they are too late to take advantage of the moment when prices fall or before the price increase occurs.

[_BlackStar]

-snip-

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

The $32K resistance seemed hard to break during the recovery phase since the start of this year - but now that $32K has been broken, the price has even reached $35K in the previous few days. Currently the price of bitcoin is trading in the $33.5K to $34.5K area - a bit sideways, but there are certainly high hopes of breaking $35K again before the month is out. About $40K is still possible to test - but I think it's worth seeing if bitcoin is able to surpass $35K again, if it can then the next $40K has a big chance.

[philipma1957]

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?"

First off we have 5 players.
1) fomo chaser
2) Dca and hodl
3) buy the dip and hodl
4) day trader
5) miner


1) If you are a fomo chaser you are in after and above 50k so you are in bear but a hopeful bear.
2) If you are a dca and hodl this is bull I believe any date you picked ever and do a weekly buy you are ahead so bull.
3) buy the dip and hodl you got in at 18k or 16k this is bull
4) day trader clueless crazed and impossible to tell what it is for them
5) miner has subsets depends on power and infrastructure cost. I call this a relief rally for most miners.

so 2 bulls
and 1 bear
with 1 you never can tell
and 1 hopefully relieved

[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.

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.

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

The chart contains multiple zones of resistance that must be get past. And if the resistance is broken, it will become support, indicating the likely next direction of Bitcoin's price. As you can see, the current price is consolidating, which means that there isn't enough demand to push the price higher. As a result, it has a strong possibility of falling in order to generate enough demand to send the price higher and break the weak high or swing high. The market does not constantly rise since there are always a sellers.

[AmoreJaz]

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

Now the price of Bitcoin is still at $34K and I also hope that next week there can be another increase so that people can continue to be enthusiastic about buying and holding it in the long term. Because when there is a price spike with market conditions continuing to improve, of course there will be an intention for many people to take advantage of this condition, although on the one hand some people may feel regret because they are too late to take advantage of the moment when prices fall or before the price increase occurs.

i understand people are getting positive vibes these days but should be conservative with their estimates. also, don't stake all your savings because this market is still very volatile. you should have contingencies in every step you will take on this market so you won't get screwed by your impulses.
and such feeling of being left behind will always be there. so either people will take action right now, or wait for another opportunity.

[LogitechMouse]

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 recent price spike on the price of Bitcoin is due to the optimism that the traders, and investors felt just because of the ticker symbol of Blackrock ETF being listed on an exchange. Well, historically speaking, Bitcoin's price tend to go high in the final months of the year, so these so-called analysts might be right, but will the event that happened a few days ago enough to start a bull run? I don't think so.

What happened a few days ago was really a surprising one, but nothing rare for me as I've seen it happening multiple times already in the past. On the other hand, this isn't enough to ignite a bull run, and we need more positive news. I think the one that will really make the price of Bitcoin soar is when the Blackrock Spot Bitcoin ETF will get accepted. Well, it's a no brainer already as we've already saw Bitcoin's price going up for more than $4,000 since last week just because of a ticker symbol being listed. Just imagine if it gets accepted already.

Is the bull season started already? I don't think so because what I believe is that it will only happen at least next year.

[STT]

Its been bull season the entire year depending how you measure it.  We ended the bear season so by definition its back from there on ?   Been not so clearly true but the water doesnt have to be crystal to still know which way we flowing I think 2023 has been positive even before now.     The big rise recently is still not breaking out especially its just more positive in contrast to the lower 20's we were out.
   To call an actual trend we need a series continuing on the daily and weekly bars, multiple months and ideally we went all the moving averages with us.  The biggest clue might be that most of the moving averages are in the right place for a rise to be possible in a continued way, not just the usual burst up and pullback we've been watching on repeat for 6 months.

[gunhell16]

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?"

We are not yet in what can be called a 100 percent bull run; maybe it can be called a mini bull run, because from what I see based on my technical analysis, it is possible for the value of Bitcoin to drop to 30k–31k, and when that happens, there will be a liquidation.

But this is just my opinion; I'm not saying it will happen 100%; I said it because I also have a basis for believing that this prediction of mine can happen. But let's see what might happen since bitcoin is very volatile in the market.

[Zanab247]

This is just a sign of hodling compare what is going to happen soon, which many hodlers are aware that bull run is very near for those that prepared for it to earn a good results from their investment. Many hodlers notice the new price of BTC but some still have some doubt if the price will be able to break through to $40K or $50k before the end of this year, which it is possible for BTC because it use few days to increase to $35k that is giving hodlers hope of winning something big soon.

Don't be confused OP, all you need to do in this period to be successful in future is to focus on your hodling because, you are very close to the opportunity that will improve you and still give you another opportunity to buy more when another bear occur in the market.

[ShayLegal]

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.

Historically speaking, the last quarters of the year are often bullish. However, I Personally believe a series of events propelled Bitcoin's spike to $35K.  The Bitcoin spot ETF is one of such.  While many people believe a bull run might have started, I feel this is a prelude to the bull run come the halving next year. I've been leveraging on this opportunity to buy up fundamentally solid alts in anticipation of the next bull run.

[adultcrypto]

According to what I read, bitcoin ETF may not be approved until next year January, I am not seeing any bull run again for now but neither expecting a significant drop. If there would be a significant drop in bitcoin price, I am expecting it next year, but spot bitcoin ETF may not let that happen.

This is right and also my position on this. Bull market us not yet here and will not likely happen until Bitcoin ETF is approved or Bitcoin halving, whichever come first. It will be too soon to call the recent rallies a bull market as it could just be the market responding to minor manipulations that is common with markets that have been ranging for long.

Some analysts on this forum are expecting $40000, but no one know if that would be possible.

If the question is about buying bitcoin, yes buying bitcoin is still not late.

I actually see Bitcoin reaching $45,000 before the end of the year, yet I will not call this bull market yet. What I will consider  bull market is when we make a new ATH, only then will I be convinced that we are on a bull dominated market. I know there are other technical analysis tools used to determine this but I don't want to rely on those for the moment as they are not that accurate.

[The Future]

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've been keeping an eye on the Bitcoin market, and it's been a fascinating journey. In my opinion, the current spike to $35k could have been impacted by past October trends, but it's difficult to say for sure. Aside from that, the bitcoin ETF is still pending approval. But I'm willing to take a risk and am prepared to use Bitget & Binance to invest my money in Bitcoin. In addition, I'm preparing my investment strategy and planning to purchase a few tiny bags of prospective tokens, such as MATIC, BGB, DOGE, and KAS.

[fzkto]

-snip-

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

The $32K resistance seemed hard to break during the recovery phase since the start of this year - but now that $32K has been broken, the price has even reached $35K in the previous few days. Currently the price of bitcoin is trading in the $33.5K to $34.5K area - a bit sideways, but there are certainly high hopes of breaking $35K again before the month is out. About $40K is still possible to test - but I think it's worth seeing if bitcoin is able to surpass $35K again, if it can then the next $40K has a big chance.

I think we could see a locally bull market before the end of this year. Yes, bitcoin took a long time to break resistance during 2023. If the fall should happen again, I think it might happen closer to halving. I think that now we could have a repeat of the 2020 scenario, where there was a local rise and then a fall before the halving and then a real bull market started.

[ShinyStarPrincess]

I believe there's significant market manipulation happening right now. It looks like that the approval of a BTC spot ETF is driving a frenzy of buying, although the price isn't surging dramatically. Once the ETF gets the green light, we can expect billions of real money to enter BTC. The current activity might be more about moving funds from altcoins to Bitcoin. The total market cap isn't skyrocketing, so if this is new investment, it's quite substantial. This kind of behavior is common in the crypto market, and it doesn't surprise me.

Yes indeed, All the people are quite in FOMO for ETF (the Tokeninsight fake news, the deleted Blackrock Agreen light), and the End of the year always was subjected to manipulation much more now that we are in the year before the halving

[GeorgeJohn]

I'm not convinced that bullrun has started until bitcoin price get across of forty thousand, from my perspective it seems that bitcoin price is approaching forty thousand because the price range is still between thirty four thousand and it has not crossed such as for today...in last two days the pride from thirty four to thirty five thousand, so the price of bitcoin is still fluctuating.

Initially I thought that we have entered a bullish season when the price of bitcoin arises to thirty thousand but it later fall before getting to this particular amount we find bitcoin price currently, so I'm surprised that the price got to this point.

But never us have in mind that bitcoin price since it has gotten to thirty four thousand and approaching thirty five thousand that it will continue to accelerating, so it's someone who is new into bitcoin investment can easily believe that we are already into the bullrun while the price of bitcoin at thirty four thousand never get strong, in summary I will say that the market is still fluctuating as I portrayed before now, because the market is the determinants of bitcoin price..which nobody knows what tomorrow market will result out. So bitcoin price is unpredictable from my perspective, so let us not call jubilation for now.

[_BlackStar]

-snip-

I think we could see a locally bull market before the end of this year. Yes, bitcoin took a long time to break resistance during 2023. If the fall should happen again, I think it might happen closer to halving. I think that now we could have a repeat of the 2020 scenario, where there was a local rise and then a fall before the halving and then a real bull market started.

The bitcoin market can be expected to continue strengthening towards the end of the year - but I don't think we will be so bullish. The potential for a correction also exists - but if investors are more involved in large purchases then it is likely that the same thing as 2020 will not happen again. Of course - the same scenario can be considered so that you never ruin your investment plans so quickly, especially if you do it with DCA.

[nurilham]

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

It is true that Bitcoin resistance seems quite strong around $33k. Bitcoin price already survived above $33k for some days. If there is no more big FUDs, it can return to $35k again and continues to $36k above. Sure, Bitcoin need supports, I expect there should be some good news in the near future. So, it can trigger the Bitcoin price to increase again easily. This month will end soon, I hope there is another pump in the early of the next month.

i understand people are getting positive vibes these days but should be conservative with their estimates. also, don't stake all your savings because this market is still very volatile.

Agree. The market is still volatile and will be always volatile. We don't forget that the trend can change at any time if there is another FUD. There is no guarantee that the trend will remain positive in the next month. So, I agree that we must always to plan buying gradually, don't buy with all out capital at once.