Bull season started?

[lixer]

May of us and including me does not know the difference between the normal increment of price and the bull run increment of price.

There is no difference in the increment or the growth, but it is just that the increment during a bull run tends to continue without having a lot of dips or corrections in between, which means that once the price goes up $5k or something, it won't come down again, even if it does, it wouldn't come down more than 10% and it will start going up again. Other than that, there aren't a lot of differences in normal increment and increment during the bull run.

I think we are going to experience another bear market to the region of 20k before bull run will come.

I don't really see that happening anytime soon because Bitcoin is looking a bit strong at the moment, I know that it is trying hard to cross $35k but hasn't been able to do that so far, but there are also no signs for it to dip back towards $20k which is too low. The least we can expect is around $28k maybe.

[mirakal]

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 don't think we are starting to see the bull season. Yes, bitcoin price is gaining a good position but it also happens when the market is having a correction. Later, we will witness bitcoin price going down again and that's normal. However, the only reason I can really tell when the bull season has really started is when majority of the coins are bullish in price, and not just bitcoin. Remember, that if bitcoin goes to the moon, other high potential crypto coins also go the moon, but I'm still not seeing this at the moment. That's why I'm not convinced that we are starting to witness a bull season.

Nevertheless, the one we are seeing now is due to the effect of the fake etf approval. But most probably when its already confirmed, for sure bitcoin price will skyrocket once again, and we might expect a bull run as earlier than what we expected.

[AmoreJaz]

If this is the start of the bull season then it will be one of the unique ones because we haven't seen any bull rally start in the previous year of halving. Even if it isn't the start of a bull run it surely indicates one. Retail investors are accumulating and that is why even a small dip became the accumulation zone. The market sentiment shows everyone knows we don't have much time before the next rally.

bullish run in crypto has no season, it depends on the surrounding factors that affect its market. this is why we can't have defined time frame when it comes to bullish or bearish season because it relies on so many factors.
and such season also depends on when you are referring this price level. but of course, going up beyond 30k level has long been aimed at as we haven't seen this price level for more than a year already. so i can understand the positivity surrounding this market these days.

[Questat]

If this is the start of the bull season then it will be one of the unique ones because we haven't seen any bull rally start in the previous year of halving. Even if it isn't the start of a bull run it surely indicates one. Retail investors are accumulating and that is why even a small dip became the accumulation zone. The market sentiment shows everyone knows we don't have much time before the next rally.

bullish run in crypto has no season, it depends on the surrounding factors that affect its market. this is why we can't have defined time frame when it comes to bullish or bearish season because it relies on so many factors.
and such season also depends on when you are referring this price level. but of course, going up beyond 30k level has long been aimed at as we haven't seen this price level for more than a year already. so i can understand the positivity surrounding this market these days.

Indeed, a lot of factors that will affect the market trend whether it is positive or negative. The current surge of Bitcoin prices seems to be not enough to consider that we are bullish already but of course, it will be an indication that more people have an interest in buying Bitcoin these days. If the momentum will continue and never just see that only Bitcoin rises but also includes old coins, that is probably enough to say that we are finally in the bullsih state. But for now, that rise seems usual and we can't assume that no more drops comes after this.

[CageMabok]

Indeed, a lot of factors that will affect the market trend whether it is positive or negative. The current surge of Bitcoin prices seems to be not enough to consider that we are bullish already but of course, it will be an indication that more people have an interest in buying Bitcoin these days. If the momentum will continue and never just see that only Bitcoin rises but also includes old coins, that is probably enough to say that we are finally in the bullsih state. But for now, that rise seems usual and we can't assume that no more drops comes after this.

The current regular increase can actually trigger a lot of speculation from various circles so it is hoped that this can continue for Bitcoin so that other old coins can also follow. Because usually old coins will also move up when Bitcoin has experienced a much greater increase than now and at this time it is still not feasible to assume that the market is in a bullish condition, because the increase is still not too far from the previous price over the duration a very new development in the market.

[mich]

Yes I am now just beginning to think we are starting the 'bull season'. This feeling did really begin when we saw Bitcoin price of $35,000. And now it is back down but I think at any time now it will go back past $35,000 and then to $36,000.

The sec had a closed meeting yesterday and will have another closed meeting in 1 week. There is rumors this will be for approving spot Bitcoin ETF.

[OgNasty]

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

[bayu7adi]

I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

[taufik123]

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

Then we need to be prepared with our bags.
At least hold some potential bitcoins and altcoins that have good development.

The Halving Cycle is approaching and it will be a boom that will make Bitcoin history again.
The current price seems to be too cheap when looking at how the bull season will arrive.

The bull season has definitely started, but are you ready for some corrections?
Because many manipulators will disrupt the bull season, they still want cheaper prices.

[Winterfrost]

Indeed, a lot of factors that will affect the market trend whether it is positive or negative. The current surge of Bitcoin prices seems to be not enough to consider that we are bullish already but of course, it will be an indication that more people have an interest in buying Bitcoin these days. If the momentum will continue and never just see that only Bitcoin rises but also includes old coins, that is probably enough to say that we are finally in the bullsih state. But for now, that rise seems usual and we can't assume that no more drops comes after this.

The current regular increase can actually trigger a lot of speculation from various circles so it is hoped that this can continue for Bitcoin so that other old coins can also follow. Because usually old coins will also move up when Bitcoin has experienced a much greater increase than now and at this time it is still not feasible to assume that the market is in a bullish condition, because the increase is still not too far from the previous price over the duration a very new development in the market.

Your right. When the bull run comes it will be obvious and we wont even expect it. I see coming very soon. All of this is only but speculations, now we are seeing the upside of Bitcoin it may look like a bull, but the price might go down so what we will call it then. The situation we are now is like a temptation for us to sell our Bitcoin. Only traders or people who are in for the short term profit will accept the it as a bull run and plan to sell. Patience is the key, if unknowingly this is a bull run i wont be in a haste.

[DanWalker]

I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

I think even if bitcoin hits $40k this month, it's hard to say it will trigger a bull season and that's a sign of the bulls. Because when the price of bitcoin increases sharply but there is not too much positive news appearing, it seems that someone is manipulating the price of bitcoin to create a trap, not a driving force for the price increase. I remember when the bull season came, bitcoin would increase in price along with a series of positive news that made people more bullish about the market. But from what I saw, when bitcoin crossed $35K people started to be cautious instead of continuing to stay optimistic. I don't think bull season has started yet.

[fzkto]

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

Now a lot of people are getting interested in crypto again because many coins have actually shown good growth. But this could easily be manipulation because usually the bull market came after the halving. So you could be right about the top.

[Out of mind]

Seeing so many changes in Bitcoin during the military period, we can certainly believe that the bull season is about to begin. I think as the current market has turned into a green light, the market is changing as the day goes on. As 2024 is going to be a good year for us after Bitcoin halving, the demand for Bitcoin will increase and its value will increase tremendously. Currently, the price of Bitcoin is touching $35000, but it has a chance to touch $40000 by the end of 2023. And when Bitcoin hits $50,000 before the halving, it will certainly go higher in a bull market. After the Bitcoin halving we will see the next year's bull market, then surely the price of Bitcoin will exceed $100,000 dollars. As the popularity of Bitcoin continues to grow and the demand for it continues to grow, surely we expect better things from Bitcoin in the future.

[justdimin]

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

Then we need to be prepared with our bags.
At least hold some potential bitcoins and altcoins that have good development.

The Halving Cycle is approaching and it will be a boom that will make Bitcoin history again.
The current price seems to be too cheap when looking at how the bull season will arrive.

The bull season has definitely started, but are you ready for some corrections?
Because many manipulators will disrupt the bull season, they still want cheaper prices.

But many of us are already prepared even before. Remember we are in a long-term bear? So, people are used to buying and always expects that a bull can come at any time. We only failed though a lot of times but finally it seems the real bull is already here now. Those who quit earlier are also going back, like the guy above said, so this can contribute more in the price and making the increase more stable and stronger.

Bitcoin is already a potential coin but indeed only the potential altcoin is what they need since they are a lot of them. Corrections, or whatever, don't worry about us because we are always ready for it. Manipulators sucks, they are not contented but they are greedy for more.

[God bless u]

The price of crypto market is greatly related with price of bitcoin and whenever market become good then higher price of bitcoin will transfer all other coins towards profit providing path. People are assuming that Bull season has been started because price is according to their hopes and it is altered from lower 26k$ into higher 35k$ therefore price movement happens in positive direction.

We cannot say that we will not see dip again but there is an assumption that due to volatility market sometimes show desired price while sometimes it make its holders sad. We may see long term Bull season but at some points we may also see decrease price but as halving is introduces in coming April so large dip will not occur again and if slight difference occurs between present and past price and you feel that present price is lower then keep in mind that this little alteration in price towards dip and up are temporary.

[EarnOnVictor]

I got my first message from an acquaintance today asking about Bitcoin and why it’s going up. Usually I’d say that’s a sign of a top but this guy has been around for a few cycles so I’d take it as a sign that people are starting to take notice and making their way back into crypto. Bull season has definitely started in my opinion.

Thanks for sharing! But first, I blame your friend who has been enjoying the bullish cycle of Bitcoin for not knowing more and deciding by himself/herself. Such should be more speculative by now as they already know what Bitcoin is capable of, this is a serious business.

Secondly, I agree with you that we are in a bullish season right now but you should not still mistake this bullish season for the bullish season/cycle attributed to halving, No, low inflation and the EFT saga are the main drivers of this current one. Bitcoin like any other market/asset are dynamic in nature, it can have its bullish and bearish seasons many times in a year. What we experience now is a normal bullish season of the market, and who knows, it might continue while it lasts.

Nonetheless, one thing is sure in all markets, there is no perfect slope, they all obey the law of gravity even as Bitcoin is overbought already. My target of $35,865 has also been well hit this week, so I see no reason why Bitcoin would not still retrace and this might cause a major retracement which would amount to the last bearish season before the pre-halving FOMO buying takes place.

[Gozie51]

I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

I will be careful about bull run confirmation for this year because it is still not halving and bull run will not overide halving. Moreover, that bitcoin price extends from 30k to 35k is just the pump here and there and should not be seen as bull run so that we don't get confused. So I see that as side ways ranging of price, the real pump and volatility will be during the bloc splitting.  This time around more adopters coming in so much btc is in demand while hodlers are aiming for the bull.

[CageMabok]

Your right. When the bull run comes it will be obvious and we wont even expect it. I see coming very soon. All of this is only but speculations, now we are seeing the upside of Bitcoin it may look like a bull, but the price might go down so what we will call it then. The situation we are now is like a temptation for us to sell our Bitcoin. Only traders or people who are in for the short term profit will accept the it as a bull run and plan to sell. Patience is the key, if unknowingly this is a bull run i wont be in a haste.

In selling Bitcoin, sometimes there is no need to rush, even though buying Bitcoin at the price we want requires a little hasty effort, because everyone can also enjoy the bull conditions quite well and make a profit at a certain level. But this year cannot be said to be bull at all because the increase that has occurred so far is only in the form of improvements in the price of Bitcoin due to the large number of buyers in the market which can increase volatility in the price of Bitcoin itself.

[taufik123]

-snip-
Those who quit earlier are also going back, like the guy above said, so this can contribute more in the price and making the increase more stable and stronger.

Those who quit at the beginning will feel regretful that they couldn't hold on longer, opting to buy again at a higher price.
But this is a game of psychology, whoever can stay for the long term will benefit according to their hard work and patience.
Those who have just entered will be the new foundation for the next rise.

Bitcoin is already a potential coin but indeed only the potential altcoin is what they need since they are a lot of them. Corrections, or whatever, don't worry about us because we are always ready for it. Manipulators sucks, they are not contented but they are greedy for more.

Potential altcoins are needed to grow bigger profits, but Bitcoin also provides more stable profits.
The price of altcoins depends on how bitcoin moves and manipulators will indeed play with the price of bitcoin,
hoping to get a cheaper price and be able to sell at the highest price.

[kentrolla]

I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

I will be careful about bull run confirmation for this year because it is still not halving and bull run will not overide halving. Moreover, that bitcoin price extends from 30k to 35k is just the pump here and there and should not be seen as bull run so that we don't get confused. So I see that as side ways ranging of price, the real pump and volatility will be during the bloc splitting.  This time around more adopters coming in so much btc is in demand while hodlers are aiming for the bull.

That's really sensible approach and I am aligned at this way of thinking, we have seen similar price movements in the past but still I would vouch last few months were the time to invest into Bitcoin and it's not because of speculated bull run but rather for the fact that Bitcoin has had more than 100% increase compared what it was at the beginning of 2023, so by default whoever were hodling got their share of profit now. It's November and any spoke in October or November are speculated as bull run due to history of bill run as it has been towards the end of the year.

Even if it's a bull trap still we would have made good profit had we made investment at the rock bottom at the beginning of the year.

I would say we need to be more cautious and active than ever and not make the mistake of FOMO and invest when it's at peak or shouldn't be waiting forever for Bitcoin to drop to $15k once again.