Bitcoin about to close at the highest price in 78 weeks! Looking strong!💪

[LogitechMouse]

We'll see. The sentiment is definitely bullish. I think that it's starting unless something terrible happens.

Yes I agree with you if there is no downside in the market then it is definitely a bull sign.

The problem is that, I expect some downside in the next weeks.

Kidding aside, it seems like many got surprised with the price increase happened in the last few days. I believe we are at a point where people are starting to accumulate already for the upcoming bull run possible next year. That ticker symbol really affected a lot, eh? Anyway, it's a good news that Bitcoin went up already, but for some who already saw Bitcoin's price reaching as high as $69,000 this is nothing to me TBH. After all, I'm just slowly accumulating more, and more Bitcoins, and I forget about the sentiments of the investors. Talking about being emotionless.

Nevertheless, focus on your plan. If you do DCA, then focus on it. If you want to buy Bitcoin at once, and then hold it until the bull run starts then do it. The market is looking positive already after weeks of not having any price movement at all.

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[TimeTeller]

Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.

Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.

The overall plan is that everyone should have a said price they want to sell off their bitcoin during the bull run. Don't keep on accumulating and hodling bitcoin without a price target of when to sell. We should all at least have a target price.

As for me, I am accumulating and hodling my bitcoin assets till the price gets to $100k. I will sell up to 80%  of my bitcoin holdings during the bull run and reinvest during the bearish market little by little.

Not many crypto holders can wait up until to $100k level, so you are lucky if you can wait for that price.
A lot have their short-term goals as they want to make profit as soon as they can.
And as much as possible, still it is advisable to buy with your extra funds, where you are not looking for immediate return of your investments.

[lombok]

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?
Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

This was not the direct reason, but monetary policies in that period encouraged spending more than saving. Interest levels were close to zero, and there were segments receiving government support with limited opportunities to generate quick income. This is different from the situation now with high interest rates, but everything may change with... The beginning of the second quarter of next year, so I expect that we will be in the range of 35k to 55k until next May based on the current price movement.

I noticed when the FED made a speech that this time there would be a reduction in interest rates from the end of September to December, plus rumors and ETF issues made investors come in and caused BTC to rise this time.
This could be a bullish trigger, but if BTC is able to penetrate 40K I believe we have entered the bullish area.

[red4slash]

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

[AHOYBRAUSE]

It amazes me that every year, toward October/November there is some sort of push the moves the bitcoin price to an upwards trend.
It never disappoints.
But why is that? I mean right now there is all the halving and ETF discussion, with also fake news and stuff. Even after the higher price because of the fake news the price didn't fall back.

Also now the price is quite constant in the 34k area, so no short term winnings were cashed out I suppose.
It seem the trust and hope of a higher rise brings people to hold and wait and see.

I seriously hope this trend goes on until the end of the year but who knows.

[yhiaali3]

Yes, today is the monthly closing of Bitcoin, and it is considered the highest in a year. There is some positive news. I also heard that $2 billion entered the exchanges. This is a very wonderful indicator that calls for optimism as the halving of Bitcoin approaches within a few months. I expect that we will see a good rise until the end of the year.

Of course, the majority share your opinion that we will witness a bull run after the halving. The DCA strategy is the best at the present time until after the halving, although I expect that some people will start selling at the first important rise, but I do not expect it to have a significant impact because the majority will continue until after the halving.

[adaseb]

We are basically back to the days before all those companies went belly up. I think it started with 3AC or Luna, don’t remember but it’s this area that set off those dominos.

What is crazy is that SOL is actually rallying. Why are people buying SOL when FtX holds a large portion of SOL. If SOL keeps rising like this then most likely FTX might be solvent again like MtGox back in the day.

[SaepulMT]

At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

[Poker Player]

Things look definitely good now. The most logical thing would be a rise in the next months, always with some ups and downs and without reaching ATH before halving, although you can never be 100% sure of what can happen.

We are basically back to the days before all those companies went belly up. I think it started with 3AC or Luna, don’t remember but it’s this area that set off those dominos.

The good thing now is that those crappy companies and all the bad leverage has already been wiped off, and we face a possible healthy sustained rise.

[Essential10]

In case of BTC the CME gap was created around $36k to $35k as the market has filled up now. We know the market takes a correction after the CME fills the gap but this may also be the case with BTC. In the case that the market will never go up continuously, the chances of a market correction are high. There is a gap in CME between $27k to $28k with high possibility of market correction. There may be another reason for market correction in case of BTC. If we look at the head and shoulder pattern, it appears that the market has broken out. Will the BTC market go above $50k by the end of this year in my opinion it is not possible. The market is up this month as various EFT investment markets are entering the CME gap correction is more likely. I think I don't see the market going up before 2024. Besides, there is Bitcoin halving in 2024, I think the Bitcoin market will be bulling after that.

[BenCodie]

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

[lombok]

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

I also think that way. When something happens, such as an economic crisis, war and viruses, it can cause commodities such as gold, silver, oil and Bitcoin to experience exponential price increases. However, this will happen during crises, wars and events such as the virus. When things improve, these commodities will also experience correction. Regarding this war, the UN and several countries have started to move and condemn these actions which have brought losses to both sides. If things improve, we will see that some commodity prices will experience corrections or go sideways for a while. It should be noted that the rise and fall of commodity prices, including Bitcoin, are also influenced by several other factors and are not necessarily related to the 3 points mentioned above.

[kryptqnick]

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

When the pandemic was announced, Bitcoin went down, way down. But then it recovered pretty quickly and bloomed. When Russia launched a full-scale invasion of Ukraine, it didn't seem to have any significant impact on the price, but there were some ups and then a lot of downs. The Hamas attack on Israel also didn't seem to have any immediate impact, and while the price seems to be climbing up lately, I think it's due to ETF anticipation rather than due to that war. So, in my opinion, the price of Bitcoin seems to move independently of global destabilization events like wars and the pandemic.

[Nrcewker]

If you look at the weekly candle of the last 78 weeks, you can see that this week makes sense Cryptocurrencies are headed for a bull run......💪💪💪

Definitely we have shown trust before in the coin, so this time I am actually not shocked to see this price jump. For me these jumps are pretty normal. This definitely indicates that something big is coming and in order to achieve it Bitcoins can take shorter amount of time. So this price jump is a small reminder that tells the potential growth coming in Bitcoins. So get ready and accumulate as many Bitcoins as you can.

[bestcoins1]

At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

Sometimes the global market situation can still influence the overall market conditions including crypto and Bitcoin, so some people still think that the bullrun will not happen in the near future or within this year. But for next year, I think that this can happen if the Bitcoin price improvement continues like now with a gradual increase in the market and for those who still want to apply the DCA method, I think this can still be done before the bullrun really comes on Bitcoin because it is still difficult for many experts to predict precisely at this time.

[danherbias07]

At first glance what I see from the picture, the answer is yes Bitcoin will Bull run in the near future, but you have to wait first because of the current uncertain global situation, many things that will happen in the future do not need to rush for DCA Bitcoin or do not need FOMO

HODL. That's still the safest way to do things while waiting for the bull. It's already proven and tested.
Yes, I do know that having patience seems to be a difficult thing to do in the cryptocurrency industry but right now we cannot really do anything but wait.
There is good news that is awaiting in the next 6 months and then maybe a year when ETF will be approved. We ain't sure but it's already there, like a sleeping bull who will wake up once the SEC decides it's time to approve it.
When that news comes out, more whales will keep coming and I bet the demand will be so much that it might become a problem to buy Bitcoin.
The thing is, we have already seen this, it's just a matter of when it will happen because I am sure it will.

[armanda90]

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

Last month highest of bitcoin price stuck around $32k before going drop and need more than three months later for breaking around $35k, I sure and optimistic with halving one close forward get opportunity to see bitcoin will raise to higher price.

Hold and keep accumulate as much possible during bitcoin around $35k its most worth opportunity before end this year and one or two months before halving with potential bitcoin will up to higher price. Don't afraid keep accumulate as how much possible and spent your money for investing in bitcoin and take profit next year when halving time close or after halving with potential bitcoin up above $50k.

[South Park]

Looking at the current conditions it is actually possible that we will try to go higher because after all we have been in the $20 range for a long time and now with the conditions in October which are always positive every year, this could be a good opening for us to move on and enter the next price.
But in this case the condition remains the same of doing what we have to do. Invest and hold because at the end of the day this will only be a temporary uptick because our real goal is not here but somewhere higher than this.

Last month highest of bitcoin price stuck around $32k before going drop and need more than three months later for breaking around $35k, I sure and optimistic with halving one close forward get opportunity to see bitcoin will raise to higher price.

Hold and keep accumulate as much possible during bitcoin around $35k its most worth opportunity before end this year and one or two months before halving with potential bitcoin will up to higher price. Don't afraid keep accumulate as how much possible and spent your money for investing in bitcoin and take profit next year when halving time close or after halving with potential bitcoin up above $50k.

The time we have to accumulate more bitcoin in our wallets is decreasing at an astonishing rate, if people do not want to miss the opportunity to be there when the bull market happens and obtain profits then they need to invest as soon as possible, as it seems inevitable that a new ATH will be formed and bitcoin for the first time will reach six figures, still I think there will be many people too afraid to invest that will lament missing one of the opportunities of their lifetime just because they were not decisive enough to pull the trigger.

[BenCodie]

It's not a coincidence. Commodities do well in times of war, or times of uncertainty in the global economy, or with money. All of the above apply at the moment. We are still in the midst of these "viruses" or at least, its shadow lingers. On top of this, Russia and Ukraine, Israel and Palestine, all of this is causing uncertainty around the globe. Not just uncertainty either. It causes stimulus or printing to occur to fund solutions to these unforeseeable problems, which devalues money.

When there is this kind of sentiment it is hard to hide anywhere in normal markets.... Everything generally suffers, especially if something even more serious or impacting occurs. In the past, Gold and silver served as good ways to hedge against these events. Now Bitcoin is mature, and it will join as a commodity as a safe haven from the world's catastrophes.

I also think that way. When something happens, such as an economic crisis, war and viruses, it can cause commodities such as gold, silver, oil and Bitcoin to experience exponential price increases. However, this will happen during crises, wars and events such as the virus. When things improve, these commodities will also experience correction. Regarding this war, the UN and several countries have started to move and condemn these actions which have brought losses to both sides. If things improve, we will see that some commodity prices will experience corrections or go sideways for a while. It should be noted that the rise and fall of commodity prices, including Bitcoin, are also influenced by several other factors and are not necessarily related to the 3 points mentioned above.

I think that your post is very accurate. I've only just caught up to it now.

I think the part that is most intriguing is whether or not the recent Bitcoin price increases have been in anticipation for the halving event, the etf news, or if it has been due to safe haven inflow for war, which we'll receive outflow for after things subside in the middle east.

Overall, whether the war there ends or not, we are still in for a lot more pain and there is no doubt that there is still a lot more pain to come before commodities will finish their run. I hope everyone is prepared. I know I'm not prepared enough and that is scary to think about...

[TravelMug]

Thats common to have terrible things, war, viruses, political conflict but the good part there is crypto hasnt been much affected unless its really bothering financial crisis.

Won't war, crisis, even viruses and lockdowns increase someone's interest in making investments such as gold and Bitcoin?

Just during the corona virus yesterday, Bitcoin became a hype and many investors entered Bitcoin.

And right now, when Palestine and Israel are starting to heat up, if we look closely, gold and Bitcoin are experiencing an increase in prices.

Is this all a coincidence?

When the pandemic was announced, Bitcoin went down, way down. But then it recovered pretty quickly and bloomed. When Russia launched a full-scale invasion of Ukraine, it didn't seem to have any significant impact on the price, but there were some ups and then a lot of downs. The Hamas attack on Israel also didn't seem to have any immediate impact, and while the price seems to be climbing up lately, I think it's due to ETF anticipation rather than due to that war. So, in my opinion, the price of Bitcoin seems to move independently of global destabilization events like wars and the pandemic.

And with that, we can say that yeah maybe it will have a negative impact, but then again, during the pandemic, as other commodities are going down, bitcoin prices is going up because we have the halving in 2020 and we all know what will follow next after that. We go on a massive bull run, from lows of $3k during March, (when pandemic was officially announced), to all time high of $69k, so that is one of the best jump we had in Bitcoin's young history. The bull run cycle ended, and then we have the Ukrainian vs Russia war in the background but still the price remain solid until the FTX collapse last year and seeing the lowest low of $15k. Now it's over, we have more than 100% increased in 12 months and then we will about to hit bull run season again. So it doesn't matter what is the noises in the background, i.e. wars, pandemic, and the geo-political events, has minimal effect to us as bitcoin has it's own cycle regardless.