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Author Topic: Bull season started?  (Read 1158 times)
Quidat
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October 26, 2023, 02:18:50 PM
 #21

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.
This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.

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October 26, 2023, 02:33:12 PM
 #22

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.
This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.
Of course manipulation has always been and will always be in the cryptocurrency market, but if we look at the technical analysis, bitcoin has broken resistance and now the main thing is to make it a support. There is a little over a week left for this to happen. If October remains good, the growth should continue.

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October 26, 2023, 02:39:12 PM
 #23

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 increase in the price of Bitcoin which reached $35K this month is not only related to the historical pattern of October, but it actually comes from the effect of buyers who have outnumbered sellers in a short time so this clearly visible increasing effect must come from More people have entered the market than last month. I also still don't think that this increase is the effect of a bullish start in the market, but it is only an effect that occurred through good demand in Bitcoin this month.
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October 26, 2023, 03:06:36 PM
 #24

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 increase in the price of Bitcoin which reached $35K this month is not only related to the historical pattern of October, but it actually comes from the effect of buyers who have outnumbered sellers in a short time so this clearly visible increasing effect must come from More people have entered the market than last month. I also still don't think that this increase is the effect of a bullish start in the market, but it is only an effect that occurred through good demand in Bitcoin this month.

To be more precise, what is happening is that news regarding ETFs is stirring up the market and people are bullish about it. It all looks more like manipulation than that bitcoin's price increase is due to increased demand for it. Market movements depend more on manipulation than supply and demand as many people think. I think the recent news about ETFs is like a market survey by market makers, they want to see how people react to news about ETFs.

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October 26, 2023, 03:11:06 PM
 #25

-

The more the price drops, the more opportunities we have to buy more bitcoin at a discount. You don't want to buy cheap bitcoin and want to buy at a high price? The halving is expected to take place in March or April 2024 and if history repeats itself, we will have a bull season when the halving occurs, but it will not happen immediately but will it takes a few more months. That means there's still a chance the price will fall. If you believe in history, you should prepare mentally for it, don't be subjective because of what is happening in the market.

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.

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.

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October 26, 2023, 03:51:14 PM
 #26

This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.
And it's a question mark why they did that mysteriously, was it a mistake, I don't think it's possible but they tried to manipulate that way and looking at the market reaction, it's very possible that a correction back below $30K could happen but I'm ruling it out even though there is which says manipulation is taking place.

Well, after this news surfaced again, the price was actually not corrected or after the ticker returned on the DTCC site, just as there was no influence, the current price is still bearable.

We never know what the whales are doing, we can only speculate about them and after a successful mini the bulls assume it will be another correction, but in October and November there will always be surprises from price spikes.
Slightly influenced by spot ETF news which has become a sensation.

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October 26, 2023, 04:06:29 PM
 #27

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 bull season hasn't kicked off yet, the recent price surge was due to Blackrock spot bitcoin that got listed on Depository Trust and Clearing Corporation (DTCC). You could see how the price dropped when it got delisted but it's now back at $34.7k. I believe by the time most of the ETFs get the green from SEC, they will help to drive Bitcoin price up. Right now I don't pay attention to the price movement, I expect more good things next year, when the halving would commence coupled with ETF hype.

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October 26, 2023, 05:27:34 PM
 #28

-snip-
The bull season hasn't kicked off yet, the recent price surge was due to Blackrock spot bitcoin that got listed on Depository Trust and Clearing Corporation (DTCC). You could see how the price dropped when it got delisted but it's now back at $34.7k. I believe by the time most of the ETFs get the green from SEC, they will help to drive Bitcoin price up. Right now I don't pay attention to the price movement, I expect more good things next year, when the halving would commence coupled with ETF hype.
You are right, it is just fake news but it is able to move the market so fast. The price of bitcoin has penetrated $35k, not just once but it happened several times even though it is currently corrected below $34k. The market is becoming more optimistic about its upside whether the ETF is approved or not. I can imagine that bitcoin will really explode if the SEC starts approving ETF.

If bitcoin is able to maintain its current price until the end of October, then we can still expect higher resistance to be broken in November. It's just that you have to be careful when trading, especially scalping, but if you are a long-term investor, strengthen your grip.

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October 26, 2023, 06:51:52 PM
 #29

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.

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Stalker22
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October 26, 2023, 08:03:37 PM
 #30

~
I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Who really knows where BTC is headed next? The crypto world is famously hard to predict.  This latest BTC jump is exciting to watch, but you just know there is gonna be some pullback before too long.  Trading in these conditions takes serious skill.  Some folks will scoop up coins on sale when prices dip, others will hang back till the coast looks clearer.  Being flexible is key now - dont go all in.  Being ready to change course quick when the markets get choppy and keep some some cash on the side just in case.

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Finestream
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October 26, 2023, 08:20:04 PM
 #31

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?"

This is not a bull season definitely to be honest. This is just a price hike due to the traders keeping more demand to buy the coin. The traders know that the bull season is near, so definitely they are trying to buy the coins now in current price which is more cheaper than the actual worth of Bitcoins. As they are increasing the demand to accumulate the coins and we know that Bitcoins are limited in number, hence to fulfil the demand, this is a sudden price hike.
We can only conclude that a bull season is here if we are seeing majority of the coins are increasing their prices consistently, but we all know it's not happening yet so most probably we are just witnessing a temporary price hike that any time of the day we will again witness its price drop. And the fact that everyone is preparing for the nearly approaching bitcoin halving, the reason why majority are buying and stacking bitcoin into their portfolio which increases the demand and increases its value as well.

On the second thought, it's also possible that this could be about the potential spot etf approval. US investors are buying ahead of it which fuel the price of bitcoin to move up and create a significant price increase.

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October 26, 2023, 09:13:28 PM
 #32

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?"
Not a bull season yet though this can be a good start, you can call this pump as a recovery pump and if we continue to see more green candles then we might enter into a real bull trend so let’s be more optimistic about it and hope that there will be no bull trap anymore. The market is rising, and the winter season is over for Bitcoin, let’s hope for the best and do the necessary action to enjoy this pump.

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flyingcarpet
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October 26, 2023, 09:15:03 PM
 #33

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?"

Since we don't know what will happen, we must be prepared for any situation. If the price drops, we will have an opportunity to buy and we need to evaluate it. We should not miss such opportunities. Even if the price continues to rise, it is necessary to jump on the train at some point.

I don't think we've entered bull season yet. We seem to be in the process of preparing for the bull season. We must follow every movement in the market and make the necessary investments. The bull season will come, but it is more important to enter the season with coins in hand.
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October 26, 2023, 10:02:12 PM
 #34

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 mini-rally to over $35k was likely news-related and was sparked by the appearance of BlackRock's spot ETF's ticker (iBTC) on the DTCC exchange, which people took as a sign of it being approved by SEC and rushed to buy before the official announcement is made. There were some weird things going on with that ticker, it got removed but brought back in.
I expect we might see a small dip to a $30k region but don't think we'll see a low $20k before the bull run.
I believe the price movement is broadly in line with previous cycles, so we might be climbing up from here all the way to the new ATH.

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October 26, 2023, 11:40:40 PM
 #35

Ticker removed and then put back. I guess with such, that only means that it's already a pre-approval if it's about the Bitcoin ETF. Likewise, it's not yet the bull run but just another push by what's happening in the market. This is what we get usually when there's not that move at all, it's either these institutions will do something to move it upwards or downwards. As we've seen, we like it when it moves upwards than downwards.

I expect we might see a small dip to a $30k region but don't think we'll see a low $20k before the bull run.
For Bitcoin to move to another rise and level of support, it has to come down a bit and I agree that we might see $20k again at least for this season.

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adultcrypto
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October 27, 2023, 06:41:45 AM
 #36

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?"
Not a bull season yet though this can be a good start, you can call this pump as a recovery pump and if we continue to see more green candles then we might enter into a real bull trend so let’s be more optimistic about it and hope that there will be no bull trap anymore. The market is rising, and the winter season is over for Bitcoin, let’s hope for the best and do the necessary action to enjoy this pump.
It is really a good sign as it has renewed optimism among Bitcoiners. With this development, many people who were doubting if we will ever see a bull market again are now having a rethink.

I don't really thinking we will see a bull market prior to the halving but we can see substantial increase in price that any retracement will still keep price above $30,000.

Another good thing about this rise in price is that those who already got in will be reluctant to sell because they've seen what gains they can make by holding.

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October 27, 2023, 07:02:40 AM
 #37

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?"

With the current upturn of the market trend of BTC to the region of 35k in dollars, I have already resulted that I will only invest more in the Bitcoin for now and watch how far this will go higher than it is now. I have already built that emotional confidence for this period and due to the little research I have done, it can rise up to 40k dollars.

Right now, there's already a projection by the likes of Dan Tapiero suggesting that BTC will rise up to 45k dollars in the short term. This upward trend is expected to happen due to significant investment by major financial institutions and the launch of ETFs expected to happen by next year.

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October 27, 2023, 08:21:02 AM
 #38

To be more precise, what is happening is that news regarding ETFs is stirring up the market and people are bullish about it. It all looks more like manipulation than that bitcoin's price increase is due to increased demand for it. Market movements depend more on manipulation than supply and demand as many people think. I think the recent news about ETFs is like a market survey by market makers, they want to see how people react to news about ETFs.
I also think that this has something to do with the ETF news, but I don't think that this price increase is based on manipulation because how can the price increase if there is no supply and demand occurring in the market for Bitcoin? So I just think logically that it arises due to the optimistic attitude of many people entering the market to create supply and demand which can cause a sharp increase in prices in a very short time. But if this is due to manipulation, how can the price increase in Bitcoin occur? In general, this price increase is really needed by many people during this time.
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October 27, 2023, 11:14:03 AM
 #39

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.

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October 27, 2023, 12:10:19 PM
 #40

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.

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