Bull season started?

[FinePoine0]

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?"

Although this is a sign of a bull market it is only temporary. This bull market is not long-lived due to which the price of Bitcoin has started to fall again within a few days and it is likely to fall further. It was mainly because of the ETF that the price of Bitcoin increased from 27000 to 37k thousand. And I can't see any higher momentum for the time being, this could be the highest bitcoin market growth in 2023. However, most of the people predicted that Bitcoin will touch 40 but it doesn't seem to be possible at all because the market is already showing Bitcoin price volatility. And it cannot be said correctly that the price of Bitcoin may increase further.

[1715149562]

1715149562

[1715149562]

1715149562

[1715149562]

1715149562

[1715149562]

1715149562

[1715149562]

1715149562

[Strongkored]

I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

Actually, it is not that important to find out whether the bull season has started or not because the most important thing is how we are ready to enter that season if we keep finding out but never try to add Bitcoin to our wallet by buying then the bull season will not provide profits whatever to us, so start by accumulating Bitcoin now because the price is still cheap at least below +-40% of the last ATH so the opportunity to make a profit during the bullish period will be greater if you start adding Bitcoin to your bag now.

[Sebas.tian]

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.

The direction the price of Bitcoin is going, show that bullish season will soon take over the market for those that invested in the past to wait for their price target to show up in the market before they can sell to smile again. Now that the price has increased to $37,431 this new week before it decreased down to $35,654 today, show that the price of Bitcoin will reach $40,000 before the end of this year, and those that have that price in mind will definitely achieve something good. I don't think the price of Bitcoin will decrease more than $34,321 before the real bullish will take over the whole market for both long and short term investors to experience positive results.

[Andrija Branislav]

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

[arabspaceship123]

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

[pawel7777]

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

As much as I agree with the note that past performance is not always a good indicator, I wouldn't dismiss historical patterns entirely. I don't think that's even possible - even in your example of going in when the volume goes up, it's probably on the fact that historically increases in price and volume were correlated.
Trading according to past patterns will not guarantee you success 100% of the time, but it gives you an advantage, simply by the fact that if a pattern was repeated multiple times in the past, it's more probable to play out the same way again than any other scenario.

[Marvell1]

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

We can rely on historical models to invest because it has been repeated before, so the possibility of history repeating itself is still possible. But you are not wrong because there is no guarantee that history will repeat itself. The way I'm using it is that I still believe history will repeat itself because as an investor I have the right to expect and need to have a positive psychology with my choices. But besides that, I have also prepared a backup plan, so that if things don't go as planned, I won't panic too much. We need to have an optimistic spirit but never be subjective.

[Minecache]

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

maybe continue doing dca is good point right now even good if we can get prices at range 30K to 33K level and forget about the ETF SEC there is a lot fake news out there and too much noise right now in the market and i believe that ETF gonna approved next year at the final deadline

Today is the deadline for the SEC to decide whether to approve or continue to reject the ETF, I think there will be a lot of volatility today. Currently, the market is also reacting before the official announcement. I think if someone wants DCA this is probably a good time to buy and buy because SEC rejection is almost certain. The ETF will definitely be approved but this is not the right time for that big event yet. I'm not sure if bitcoin can drop to 30k-33k, but I think with this news, it's more likely that bitcoin will correct towards $34k, IMO. Let's wait and see what happens today, I have prepared USDT .

[EarnOnVictor]

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

maybe continue doing dca is good point right now even good if we can get prices at range 30K to 33K level and forget about the ETF SEC there is a lot fake news out there and too much noise right now in the market and i believe that ETF gonna approved next year at the final deadline

Today is the deadline for the SEC to decide whether to approve or continue to reject the ETF, I think there will be a lot of volatility today. Currently, the market is also reacting before the official announcement. I think if someone wants DCA this is probably a good time to buy and buy because SEC rejection is almost certain. The ETF will definitely be approved but this is not the right time for that big event yet. I'm not sure if bitcoin can drop to 30k-33k, but I think with this news, it's more likely that bitcoin will correct towards $34k, IMO. Let's wait and see what happens today, I have prepared USDT .

I would have loved it if you had some sources to back your claim of SEC's arrivals deadline for those who are not conversant with it, this is a very good one and truly 17th of November is symbolic For Bitcoin and other cryptocurrencies.

[1] SEC’s first window to approve all 12 spot
[2] There’s still a 90% chance for approval by Jan. 10

It is an eight-day window from the 9th of November to the 17th of November for all the 12 spots ETF fillings and the crypto market has been energetic before now. But as the days pass, the more the bullish tempo reduces, this is a sign of disapproval but let's still see how things unfold. The filing of the approval is being attended bit by bit per the proposed ETF companies and if it fails this season, there is still hope till the 10th of January. But my fear is what caused its disapproval now will not suddenly disappear at that time.

[aylabadia05]

>snip>

>snip>

As for the ETF, it's still pending as you have said, and the best time to speculate about a approval is next year. So hopefully, the price could bounce back again as everyone is waiting that at least this sort of bullish momentum will continue up to the end of the year.

In the last month or so, perhaps the SEC won't be able to hold on any longer so the delay turns into approval. Never mind, let them do a good job in reviewing the ETF testing proposal with the true hope that they will approve it in the near future.

>snip>

>snip>

I am very tempted to make short term trades and take advantage of the current market situation. But I prefer to maintain my long-term investment plans rather than ruin them after holding out for so long. To be honest, I lost a lot of value today and this affected my psychology a little, but I still stick to my plan and don't want to ruin it at all. In my opinion, this is simply the effect of the delay in the ETF or its announcement.

Short-term trading with the current market situation really makes it tempting to do it, but don't. Just like a beautiful and sexy girl when we look far away. The original looked no more like an old person with wrinkled skin that couldn't be covered by thick facial make-up.

If you really want to do it in the current market situation, you will definitely get a profit of one unit of Yamaha automatic motorbike. This means that the purchase price is below 25k which is held until the price is 36k-37k.
Hold on until you can get bigger profits. We'll definitely be waiting for it for a while.

[CageMabok]

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

There is also some truth in the pattern you say, but so that we are more focused and don't confuse ourselves, who can also become market players like other people do. It's good to make a distinction between the willingness to trade and the willingness to invest, because I don't think they are the same in this case so we need to make a very basic distinction between trading and investing even in the same asset like Bitcoin.

If someone wants to become an investor by investing in Bitcoin, this is actually the right thing for him to do with long-term dedication without having to look at any patterns. Meanwhile, for trading, I think it is also very good to see patterns like what you said because it can help us to feel the Positive Sentiment of many people even though it does not guarantee complete truth in the market. Due to the fact that when market players start to be very active in the market for Bitcoin, it can also encourage more people to enter the market to get Bitcoin at a certain price.

[DaNNy001]

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

Well you can't blame anyone who actually thinks history will repeat itself in terms of Bitcoin price going up during or after the halving as that's the only view people got close to an accurate prediction on the price market. This taught has made so many people hopeful and that's why everyone in the crypto space today is making plans towards this bull season is speculated to come after the halving which for me can change no doubt but it worth hoping for as it has been so for almost three seasons now .

[Hamphser]

Investing because of historical patterns isn't advised. We're reading posts about how halving's going to make ppl rich but it isn't guaranteed. There's confusion being started by investors trying to make ppl buy bitcoin. They're hoping FOMO's going to take the market to a bull season.

My advice if you trade is to never rely too much on one historical pattern to make your investment decisions. So, if you want to check this sign, as far as I know, look and pay attention to the movement of the trading volume, whether it is increasing or not. If yes. That means, increasing support from market players, and the emergence of Positive Sentiment in society is a sign that this period will begin soon, although at first glance, this is also considered a positive signal for the crypto market.

Well you can't blame anyone who actually thinks history will repeat itself in terms of Bitcoin price going up during or after the halving as that's the only view people got close to an accurate prediction on the price market. This taught has made so many people hopeful and that's why everyone in the crypto space today is making plans towards this bull season is speculated to come after the halving which for me can change no doubt but it worth hoping for as it has been so for almost three seasons now .

If you've been able to witness that last 2 bull run cycles then you would really be eventually having that kind of impression or expectation for the market would really be making its move the same that it did on previous cycle on which it is really that likely but its true that not all would really be that totally be rest assured or really 100% to happen because we dont know on what the future looks like whether if there would really be some bull run which is more than on the previous one or having one but not really that much of an increase? There's no way on telling until we do see it with our very own eyes.

This is why it would really be just that normal that we would really be assuming that it would really be happening in the next. There might be no assurance but you cant really stop
people on thinking up that way. We do know that this is something that cant really be predicted and speaking about bull run starts then it would be usually
talking about after Bitcoins halving event, anything before it then it would be considered pre-pumps.

[flyingcarpet]

But the halving is still quite far away and if we believe that history will repeat itself then we are just in the pre-bull phase, not really into the bull season. I think what's going on is just Fomo with the news regarding ETFs being approved before January 2024. Therefore, it is likely that the market will react strongly if news about the ETF continues to be delayed by the SEC. Many people are Fomo and worried when they see the market rising sharply, but I think we should be careful and not be too subjective at the present time.

Because it has been below the price of 35K for a long time and now we have passed it, I can say that this is heading towards real bullishness even though the road map is still towards halving and we still have the possibility to buy before the increase continues.
Regarding the ETF which is still pending, that is a big bonus that must be utilized to welcome other bulls into the market.
Wanting to hold back as hard as he could, the bull's head couldn't be held back.

Time passes very quickly in the crypto market. Time truly flies when I think about the time since last bull season. The halving time is almost here. For me, 5-6 months in crypto is not that far off.

Due to reasons such as ETF and Halving, we know that the bull will come, but we do not know the exact time. Knowing Bitcoin's cycles is enough for me. That's why we should see that Bitcoin gives us the opportunity to buy while it's not too late. There are always risks, maybe the price will start to fall from this level, but since we are in the pre-bull period, I think that even if the price falls, it will recover and rise in a short time.

[AnonBitCoiner]

I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

Yes agreed bitcoin bull run is started and those people who are in doubt about halving and bull run realized well that halving take place after every four years and surely bitcoin will repeat this cycle again in 2024. If in the preparation of halving the price goes to 37k$ then think about a reality that how much increase will take place during halving?
Continues increase in bitcoin price suggests that something more positive news are coming which will be profitable for all holders. People who miss this nice chance of investing will now wait for another bear market because buying during bull run does not give as much profit as one desires.

[nurilham]

Yes agreed bitcoin bull run is started and those people who are in doubt about halving and bull run realized well that halving take place after every four years and surely bitcoin will repeat this cycle again in 2024.

TBH, I don't know whether the bullrun has started or not. But it is likely the Bitcoin has started to increase constantly. We already saw the price has increased higher and faster than few months ago. I can understand this because we are nearing the halving schedule, the hype of halving has been started.

Anyway, I am not really sure about Bitcoin to repeat the same cycle scheme. But no doubt that the bullrun seems to repeat. It is predicted to happen in 2024-2025.

Continues increase in bitcoin price suggests that something more positive news are coming which will be profitable for all holders. People who miss this nice chance of investing will now wait for another bear market because buying during bull run does not give as much profit as one desires.

The price growth looks convincingly. I assume there will be more and more positive news coming up. There will be no more bearish when it is over already. People who don't want to regret it, they must try to collect more coins before this year ends.

[naikturun]

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?"

According to me, the bull market is still not going to happen, this is indeed a good sign that the market is starting to recover, but it doesn't indicate that the bull market will happen, people might be happy to hear this news, Bitcoin has doubled from the end of last year when it fell to 15k$, and solana has gone up a lot from 10$ last year,
whatever it is, it looks like the bullish will start next year.

[Rasa nanas]

If your purpose in creating this thread is because you are confused, I'm sure this thread will not solve your problem. Or maybe this thread is actually making you even more dizzy because every comment from this forum member is different. but if your goal is to add references maybe this thread will really help you.
Personally I think that this price spike occurred because we are getting closer to 2024 and some people believe that 2024 is a bullish year. in other words this price spike occurred because more and more people were buying to welcome the bullish arrival of 2024.

[FinePoine0]

I think the bitcoin bull market has started, because the value of bitcoin is constantly increasing. Its value is not stopping it is constantly increasing. Because the price of Bitcoin has gone from 26k to 37k in the last three weeks. In other words, its value increased by more than 10k within three weeks. So I think that the Bitcoin fertilizer market has started because it is still going up.

Yes agreed bitcoin bull run is started and those people who are in doubt about halving and bull run realized well that halving take place after every four years and surely bitcoin will repeat this cycle again in 2024. If in the preparation of halving the price goes to 37k$ then think about a reality that how much increase will take place during halving?
Continues increase in bitcoin price suggests that something more positive news are coming which will be profitable for all holders. People who miss this nice chance of investing will now wait for another bear market because buying during bull run does not give as much profit as one desires.

There have been bull markets but for short periods these bull markets are not long lasting. Before the halving, the price of Bitcoin will rise slightly and allow holders to buy and sell. Bitcoin halving is a long way off, currently Bitcoin halving is in 2024. But I've seen bitcoin prices rise the year after the bitcoin halving. So the current Bitcoin price increase is small. There is a high probability of larger Bitcoin price increases in the future.

[siniminomorocomunisakito]

If your purpose in creating this thread is because you are confused, I'm sure this thread will not solve your problem. Or maybe this thread is actually making you even more dizzy because every comment from this forum member is different. but if your goal is to add references maybe this thread will really help you.
Personally I think that this price spike occurred because we are getting closer to 2024 and some people believe that 2024 is a bullish year. in other words this price spike occurred because more and more people were buying to welcome the bullish arrival of 2024.

And if demand comes higher than the selling mode from traders or institutions, this moment will quickly become a reality. I think what the OP asked is more understandable and easier. But it goes back to his belief whether the suggestions expressed by seniors or from us above are useful or not at all for him. Yes and maybe it could be that 2024 will be a game-changing year.