This bull run is different...

[God Of Thunder]

I don't know if Bitcoin dominance is a good gauge though to see how big Bitcoin will be, we have seen Bitcoin like having just 50% dominance but still pushing for new all time high. Plus, some altcoins might be artificially inflating their prices, so it's really hard to look at this data and come up with the conclusion.

Bitcoin dominance must be low to have a bull run. More Bitcoin dominance means Bitcoin is pumping and Altcoins are losing value. But if Bitcoin pumps in value but loses its dominance, that is where Bull Run begins. Altcoins have been bleeding since every correction and it will continue to happen if Bitcoin's dominance continues to increase. The current Bitcoin dominance is 59% which is still too high.

Once altcoins start to pump, Bitcoin dominance goes lower. If we can reach 40% Bitcoin dominance without losing its value, then we will see a pick bull run. For now, the investors are waiting for the US election result. It seems like Investors have some confidence in Trump. Let's see what happens.

[$weetne$$]

Although October did not reach all-time highs for Bitcoin, it gave a green signal. In a short period of time, Bitcoin rose to almost the same level as the previous all time high. Bitcoin price will not change much in the month of November especially in this first week. Although many believe that we may be able to over come previous all time high this year, it is not certain. I deserve Bitcoin's true bull run will slowly begin after the US election.

October did not live up to expectations and there could be reasons why this did not happen, we expected too much from the market meanwhile there was no positive news that should make the price of Bitcoin to rise. Everybody was expecting the market to be bullish but that did not happen although it is now November that is looking very bullish and Bitcoin price has being doing so well. The reason for this is because the results of the presidential election is now looking to go towards former president Donald Trump and he is the Bitcoin community pick since he is saying positive things toward Bitcoin and people are hoping he would not be as harsh as Biden and Kamala tenure was towards Bitcoin. The bull run is still going to be loud and alot of us will make profits therefore we should not give up yet.

[EarnOnVictor]

It appears that the current bull run has not yet taken off as expected. Bitcoin price has yet to surpass the high it reached last March. US elections make a significant contribution to Bitcoin's bull run every time. But it seems almost impossible to get that bull market in Bitcoin before the election. The Bitcoin halving and the results of the election combined will definitely add to the market's high energy.

Something must help Bitcoin to rise and in the past histories, I discovered that the US election is one of them. But my fear now is that things are changing in the world of Bitcoin, especially this time that the price is so high and the market capitalization is nearing $1.5T, it takes more determined liquidity pumping for the asset to carry such a heavy load. Again, global economic woes and uncertainty will always affect the price of Bitcoin even as it is struggling to garner more adoption this time.

Regardless, March's ATH (473,850) remains the most important level, a breach above it may activate a long-term bullish power that will increase its upward volatility.

[Republikcoin.com]

Price prediction is not easy because the market can change so quickly and today bitcoin reached the price as you said and it seems that we will see market conditions getting better for the next few days. There are always events that make bitcoin prices go up and down, now the US election can trigger a price movement up or down. But I see a positive direction for bitcoin in the next few months although sometimes we will also see a correction again.

The price correction experienced by Bitcoin in the last two days was not that big and the price of Bitcoin itself is still between the range of $69K to $70K which is still quite close to the previous ATH level this year. So I still hope there is a better trigger to continue to boost the price of Bitcoin this November so that we can all see a new ATH again before the new year arrives. In addition, I also still see other triggers for the price of Bitcoin because the trigger through the election that will take place in the US may not be too big for Bitcoin at the end of this year.

[fuguebtc]

It appears that the current bull run has not yet taken off as expected. Bitcoin price has yet to surpass the high it reached last March. US elections make a significant contribution to Bitcoin's bull run every time. But it seems almost impossible to get that bull market in Bitcoin before the election. The Bitcoin halving and the results of the election combined will definitely add to the market's high energy.

Something must help Bitcoin to rise and in the past histories, I discovered that the US election is one of them. But my fear now is that things are changing in the world of Bitcoin, especially this time that the price is so high and the market capitalization is nearing $1.5T, it takes more determined liquidity pumping for the asset to carry such a heavy load. Again, global economic woes and uncertainty will always affect the price of Bitcoin even as it is struggling to garner more adoption this time.

The larger the capitalization, the slower the growth rate will be because we need more money to do that. I think so too but it seems people don't pay attention to this, most people just like to look at bitcoin price and supply to make predictions, but they forget that market capitalization is also an equally important factor that we need to pay attention to.


For bitcoin to rise in price ,  all we need is a large amount of money pouring into the market, but if the economy remains unstable, inflation remains high, and people still struggle with daily life. Where will we get the money to put into the market? Bitcoin price always increases after every US election but this time is different because we have inflation, war...
I don't doubt the bull season ,  I still believe it will come but it may be delayed for a while because the current economic situation is not very good .

[asriloni]

Although October did not reach all-time highs for Bitcoin, it gave a green signal. In a short period of time, Bitcoin rose to almost the same level as the previous all time high. Bitcoin price will not change much in the month of November especially in this first week. Although many believe that we may be able to over come previous all time high this year, it is not certain. I deserve Bitcoin's true bull run will slowly begin after the US election.

October did not live up to expectations and there could be reasons why this did not happen, we expected too much from the market meanwhile there was no positive news that should make the price of Bitcoin to rise. Everybody was expecting the market to be bullish but that did not happen although it is now November that is looking very bullish and Bitcoin price has being doing so well. The reason for this is because the results of the presidential election is now looking to go towards former president Donald Trump and he is the Bitcoin community pick since he is saying positive things toward Bitcoin and people are hoping he would not be as harsh as Biden and Kamala tenure was towards Bitcoin. The bull run is still going to be loud and alot of us will make profits therefore we should not give up yet.

Many people follow the bitcoin performance in the chart above. They forget that many factors affect its price. Also, more institutional investors are getting even more involved in crypto. It means that bitcoin's price is driven by macro and micro trends. These trends are also impacting institutional investors. So, bitcoin's price is not just based on speculation.

It's common to expect a quick bullish trend. It's caused by most of us are crypto holders and want our stashes to grow. But, remember, you can't always expect Bitcoin to rise. The bad news, like the war, can drive Bitcoin down at any time. And, elections won't always drive up its price.

It's very wise not to centralize your focus on the price of bitcoin.

[lizarder]

The price correction experienced by Bitcoin in the last two days was not that big and the price of Bitcoin itself is still between the range of $69K to $70K which is still quite close to the previous ATH level this year. So I still hope there is a better trigger to continue to boost the price of Bitcoin this November so that we can all see a new ATH again before the new year arrives. In addition, I also still see other triggers for the price of Bitcoin because the trigger through the election that will take place in the US may not be too big for Bitcoin at the end of this year.

That's right and now Bitcoin is getting a moment of increase again after a small correction previously and maybe this is related to the US presidential election which is currently being widely discussed regarding the percentage of victory of the two competing candidates. If you look at the movement of the Bitcoin price in November, I am a little optimistic that when there is a correction, it might get a moment of recovery again and it won't last long for the process that occurs.

To ensure that the movement of bitcoin can be greener this month, we can wait for who will win the US election, although that is not the only factor that can be relied on, but I am sure that in the future the price of bitcoin will continue to be in the range of $ 67K to $ 70K.

[LUCKMCFLY]

Many people follow the bitcoin performance in the chart above. They forget that many factors affect its price. Also, more institutional investors are getting even more involved in crypto. It means that bitcoin's price is driven by macro and micro trends. These trends are also impacting institutional investors. So, bitcoin's price is not just based on speculation.

It's that if you have to look back at what has happened in order to visualize what is coming, when I see that things are like this, you can intuit that when we are generating more interest in bitcoin and new investors enter, the price obviously grows, but if we look back we can find a type of behavior that can be repeated, in fact it is the fundamental principle to be able to make predictions in a market , because starting to invent "I think that .." that is losing totally , well I do look back a lot to see what can happen.

[Sanitough]

And right now, transaction fees are still low, even with Bitcoin reaching another all-time high -- currently trading at the $81k level. If the network stays congestion-free, this is great news. Do you think institutional investors might be the reason for this bull run, since we’re not seeing the usual network congestion like in the past?

for reference. https://mempool.space/

No Priority 2 sat/vB $0.23
Low Priority 3 sat/vB $0.34
Medium Priority 3 sat/vB $0.34
High Priority 3 sat/vB $0.34

[God Of Thunder]

And right now, transaction fees are still low, even with Bitcoin reaching another all-time high -- currently trading at the $81k level. If the network stays congestion-free, this is great news. Do you think institutional investors might be the reason for this bull run, since we’re not seeing the usual network congestion like in the past?

There could be some possible reasons for this. Now, people can invest in Bitcoin without even doing on-chain transactions. Investors buying Bitcoin through ETF companies will probably be unable to move their funds. If investors cannot move their funds, there are no on-chain transactions. More on-chain transactions cause network congestion. However, the network will stay as usual if there are not many on-chain transactions.

Another possibility is that people can buy their Bitcoin in centralized exchanges and not withdraw their funds to their custodial wallet. They probably keep their Bitcoin in a centralized exchange account, which could be another reason for fewer on-chain transactions.

[Republikcoin.com]

That's right and now Bitcoin is getting a moment of increase again after a small correction previously and maybe this is related to the US presidential election which is currently being widely discussed regarding the percentage of victory of the two competing candidates. If you look at the movement of the Bitcoin price in November, I am a little optimistic that when there is a correction, it might get a moment of recovery again and it won't last long for the process that occurs.

The correction has not occurred until today because Bitcoin is still flying until it has passed the price of $80K and even almost touched the price of $82K recently. And I think this is the moment where Bitcoin continues to show a fairly good and positive trend in the eyes of everyone so that investors who still hold Bitcoin will feel a very extraordinary impact and this can also give birth to more new investors in Bitcoin. In addition, traders are also quite active at this time because they see market conditions that continue to improve until now.

[Huliya]

The price of Bitcoin has increased recently, and factors such as the possible outcome of the US presidential election, investor sentiment, and market volatility can affect it.  It is often seen that major political events also create hope and doubt among investors, causing price fluctuations.

If we look at the history of Bitcoin, there is always a trend in the market cycle—big movements followed by small corrections and then rebounds.  A correction was likely after reaching $80K or so, but in the absence of that, Bitcoin still maintained its momentum.  If this trend continues in the long term and rises without a major correction, new investors may be attracted.

[Jawhead999]

The daily volume Bitcoin ETF didn't went higher than March, although it's rise compared to previous months. This mean a lot people buy Bitcoin in centralized exchange, not the ETF version.

The correction has not occurred until today because Bitcoin is still flying until it has passed the price of $80K and even almost touched the price of $82K recently. And I think this is the moment where Bitcoin continues to show a fairly good and positive trend in the eyes of everyone so that investors who still hold Bitcoin will feel a very extraordinary impact and this can also give birth to more new investors in Bitcoin. In addition, traders are also quite active at this time because they see market conditions that continue to improve until now.

In bullish market, being an investor is better than a trader because if the price keep rising, the trader will able to maximize the profit, instead investor will accumulate the profit until they sell it at the peak. During this time, most people looks smarter because they're correct predicting Bitcoin market will go up, while actually without you predict, the market will go up on it's own.

[Awaklara]

If this trend continues in the long term and rises without a major correction, new investors may be attracted.

new investors are interested in the already high increase, of course, they will be quite hesitant to enter with the current market situation. those who know the Bitcoin market will definitely wait for the price to correct deeper to enter. and the current situation may only be a small correction that makes the bitcoin move sideways.
we do expect Bitcoin to experience growth of more than $ 100k. but in an increasing situation like this which may increase in a short time, it is actually not suitable to start investing. except for those who are planning short-term profits, it can be done but still have to be careful with market conditions.