This bull run is different...

[lizarder]

Seriously we have been in a ranging trend since the all time high was achieved, with the way the economic situation of the world is I don’t think we will likely see any huge pump or even dump at this time because the holders are currently looking at next year for the bull run and are strongly holding while the buyers are just doing little DCA to accumulate, I think a economic recovery news like the one we say with rates lower or any hype news will be the beginning of an impulsive movement.

Yes it is always best to check the bitcoin memepool explorers to get an insight but seriously since the die down of ordinals and inscription like hypes the network has very less congested.

The ability of price movement is difficult to predict and may not only depend on one situation like market sentiment or other events. I am optimistic that there will be a best moment at the end of the year before reaching the next ATH and that will be a big move to consider especially on the buying pattern that is done by each person. DCA may still be the best strategy and this can be done by anyone to increase the amount of ownership before bitcoin reaches the next ATH.

When we check then there is a picture when we want to make a transaction and that is important as an insight before doing so. I have made slightly larger transactions but the fee was very comparable and that was probably because the transaction traffic level was not so heavy at that time.

[God Of Thunder]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I also checked the mempool now and it seems the fee is low as 2 sat/vb which is low compared to the recent times. The fee was too high during the BRC-20 token craze but I am glad that it becomes normal again. I have said many times already that I do not think it's a bull run already. We have been in pre-Bullrun for a while now.

A solid bull run will decrease Bitcoin dominance and altcoins will explode which did not happen. The alts now start to bleed every few weeks which is the opposite of a bull run. It is pretty much a bear market for the altcoins. But I believe we are not too far from the next bull run which may happen in 2025. I am holding some altcoins which may be worth 20% of my total holding right now.

[Republikcoin.com]

The ability of price movement is difficult to predict and may not only depend on one situation like market sentiment or other events. I am optimistic that there will be a best moment at the end of the year before reaching the next ATH and that will be a big move to consider especially on the buying pattern that is done by each person. DCA may still be the best strategy and this can be done by anyone to increase the amount of ownership before bitcoin reaches the next ATH.

Today I also saw the price of Bitcoin which has again moved to a price of $69K even though it has not reached that price and I am also still quite optimistic that at the end of this year Bitcoin could pass the price of $70K and make another ATH before the new year. Currently, the level of Bitcoin purchases in the market is still quite a lot and this could encourage a better price increase so that every Bitcoin holder will feel very happy. I also see that the current market conditions are no longer getting worse so it would not be wrong for everyone to expect a new ATH before the new year arrives.

[Swordsoffreedom]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I also checked the mempool now and it seems the fee is low as 2 sat/vb which is low compared to the recent times. The fee was too high during the BRC-20 token craze but I am glad that it becomes normal again. I have said many times already that I do not think it's a bull run already. We have been in pre-Bullrun for a while now.

A solid bull run will decrease Bitcoin dominance and altcoins will explode which did not happen. The alts now start to bleed every few weeks which is the opposite of a bull run. It is pretty much a bear market for the altcoins. But I believe we are not too far from the next bull run which may happen in 2025. I am holding some altcoins which may be worth 20% of my total holding right now.

I agree with you, I don't think we are in a bull market, it is very close to us if we go by history. Although bitcoin is still trading at $68k, the overall sentiment among investors is completely opposite to when bitcoin hit $68k in March. As I see it, the market situation is generally quite gloomy, people are not showing excitement and enthusiasm like we are in a bull market. Bull season has not yet begun, IMO.

Bitcoin dominance hasn't peaked yet, I think it could hit 62-64% before turning around and starting a real bull run as many expect. Or rather, we haven't had the altcoin season yet, when the prices of many altcoins increase from 100% to 500% per day, which is the real bull season that many people are talking about.

[bangjoe]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

That shows that Bullrun has not yet come completely in the cycle this time, not as before when it reaches the price level of $ 60K is very busy on the network and makes congestion, my personal response, this is also part of a normal and slow Bitcoin growth, so what is It may happen to the network that is not heavy, but I am quite sure when Bitcoin at the $ 90K price level will be very busy returning and we will see expensive transaction costs, it is encouraged because of Fomo and also a very crowded market activity.

[As-Soon-As]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

It is most important to check Mempool during Bitcoin transactions only, because checking like this will save you a lot of transaction fees. We have to be most careful in Bitcoin transactions because most of the times people fall into the highest transaction risk and high fees due to ignorance. But I think it's best to go with Mempool for Bitcoin transactions and get an idea of transaction fees.

[lizarder]

Today I also saw the price of Bitcoin which has again moved to a price of $69K even though it has not reached that price and I am also still quite optimistic that at the end of this year Bitcoin could pass the price of $70K and make another ATH before the new year. Currently, the level of Bitcoin purchases in the market is still quite a lot and this could encourage a better price increase so that every Bitcoin holder will feel very happy. I also see that the current market conditions are no longer getting worse so it would not be wrong for everyone to expect a new ATH before the new year arrives.

The level of purchases will push the price of bitcoin back to looking green in the market even though that is not the only reason as a trigger for the increase and this is the right momentum for someone who intends to make long-term investments. Recovery has occurred for the past few days after getting a correction and I see this as increasingly positive and especially for those who want to make a profit in the short term. We hope that by the end of the year bitcoin can reach a price of more than $70K so that the next ATH trigger will be even more profitable.

Whatever conditions are happening must be a momentum to make gradual purchases so that we can wait for the next ATH in a fairly profitable position with much larger bitcoin ownership. The way to accumulate is also important besides seeing the price continue to rise before the next ATH so that both can provide maximum profit.

[EarnOnVictor]

About the bull run, yeah, we are in the season, only that it is not impressive yet. The ATH has been stuck since March, I don't think it is now that Bitcoin will hit it again, not to mention breaching it higher. It might take time, but it may happen during the US election week and subsequent months, as it has always helped with Bitcoin's rise.

A bull run is always impressive. I know the effect have subsided for a while but I'd say it was still impressive due to the fact it hasn't ended yet just like the other/previous bull runs we had. The Election is said to happen in November and many are positive about it due to their involvement in BTC but I think they only coincide with the month where we typically experience a pump. It was still great though because we might experience a super pump/bull this time.

I maintain that this bull run is not yet impressive, perhaps it might be impressive later due to many reasons which include the US election, but now, we can't call a market that has hit its ATH since March but is unable to reach it again let alone breaching it higher an impressive market, that's not cool. Satoshi planned the Bitcoin halving cycle well to coincide with the US election, and truly, I noticed with the past charts that the US election indeed helped Bitcoin to rise. Let's wait and see this time.

[BITCOIN4X]

~Snip

The ability of price movement is difficult to predict and may not only depend on one situation like market sentiment or other events. I am optimistic that there will be a best moment at the end of the year before reaching the next ATH and that will be a big move to consider especially on the buying pattern that is done by each person. DCA may still be the best strategy and this can be done by anyone to increase the amount of ownership before bitcoin reaches the next ATH.

When we check then there is a picture when we want to make a transaction and that is important as an insight before doing so. I have made slightly larger transactions but the fee was very comparable and that was probably because the transaction traffic level was not so heavy at that time.

Before this month is even over, I think you should consider bitcoin could hit $70k again. Bitcoin is not too far away from the previous ATH at this time, of course you need to look at the price now because we are very close. Today bitcoin experienced a price jump of several percent, $69.6k was the highest price on 1 Hour TF, meanwhile $70k seemed like within reach.

Many people's optimism about a new ATH this year may have some basis, but prices are always difficult to predict. The US election could possibly have a negative or positive impact on the crypto industry, that's because there are two different candidates, one of which doesn't really support this industry. Yes, Kamala Haris is what I mean.

[Ojima-ojo]

I maintain that this bull run is not yet impressive, perhaps it might be impressive later due to many reasons which include the US election, but now, we can't call a market that has hit its ATH since March but is unable to reach it again let alone breaching it higher an impressive market, that's not cool. Satoshi planned the Bitcoin halving cycle well to coincide with the US election, and truly, I noticed with the past charts that the US election indeed helped Bitcoin to rise. Let's wait and see this time.

We are not in a bull market yet, even though the price of Bitcoin is gradually climbing up to the last Bitcoin all time high of 75-76k this is somewhat a correction stage fro Bitcoin and we shouldn't consider this as a market rise yet, when we begin to see Bitcoin exceeding it last all time high and the transaction fees still remains this stable, then we can say that we are far from high fees worries, and that the memopol congestion is over and the attack have been put to rest.


But those network spammers have one habit of returning to the spamming activities when the price touch an all time high and want to break a head to keep the trends upward, by then the congestion will become a blocking bridge a. D lots of transactions will be forced to get cancelled of users seeking alternative to Bitcoin at that point.

[God Of Thunder]

Bitcoin dominance hasn't peaked yet, I think it could hit 62-64% before turning around and starting a real bull run as many expect.

But in that case, I feel like altcoins will start to bleed if Bitcoin dominance increases a lot. But if Bitcoin dominance increases and the price goes up as well, then altcoins won't pump. But if Bitcoin dominance decreases, but the price goes up, then we are most likely to see a massive bull run. For now, Bitcoin goes up for a couple of days and then takes a correction for two days which actually dumps the entire altcoin market. Bitcoin has been accumulating for four to five weeks, but most altcoins dumped up to 100% in the recent couple of weeks.

[justdimin]

The level of purchases will push the price of bitcoin back to looking green in the market even though that is not the only reason as a trigger for the increase and this is the right momentum for someone who intends to make long-term investments. Recovery has occurred for the past few days after getting a correction and I see this as increasingly positive and especially for those who want to make a profit in the short term. We hope that by the end of the year bitcoin can reach a price of more than $70K so that the next ATH trigger will be even more profitable.

Whatever conditions are happening must be a momentum to make gradual purchases so that we can wait for the next ATH in a fairly profitable position with much larger bitcoin ownership. The way to accumulate is also important besides seeing the price continue to rise before the next ATH so that both can provide maximum profit.

I mean we are reaching 70k once again, that should definitely be great target that we can enjoy for a while, we should not be worried about it and be happy that we are getting this. of course it is not going to be easy and we are going to take a time to get there, but it will eventually happen and we will not face any issues at all.

This is going to be a hard situation to handle there is no doubt about that, and we are going to see some problems while going higher, but we are going to see the price going up without a doubt. I believe we can consider how this could change, we need to consider how we could skyrocket with the bull run and not only bitcoin will go up but there will be plenty of altcoins that will go up with it.

[lizarder]

Before this month is even over, I think you should consider bitcoin could hit $70k again. Bitcoin is not too far away from the previous ATH at this time, of course you need to look at the price now because we are very close. Today bitcoin experienced a price jump of several percent, $69.6k was the highest price on 1 Hour TF, meanwhile $70k seemed like within reach.

Many people's optimism about a new ATH this year may have some basis, but prices are always difficult to predict. The US election could possibly have a negative or positive impact on the crypto industry, that's because there are two different candidates, one of which doesn't really support this industry. Yes, Kamala Haris is what I mean.

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.

Kamala Harris' victory could make bitcoin corrected because she does not support bitcoin's steps but the impact will be very positive when Trump wins the contest. There is always something that happens even though the level of accuracy is not guaranteed to happen for sure and that's how the market conditions work.

[Swordsoffreedom]

Bitcoin dominance hasn't peaked yet, I think it could hit 62-64% before turning around and starting a real bull run as many expect.

But in that case, I feel like altcoins will start to bleed if Bitcoin dominance increases a lot. But if Bitcoin dominance increases and the price goes up as well, then altcoins won't pump. But if Bitcoin dominance decreases, but the price goes up, then we are most likely to see a massive bull run. For now, Bitcoin goes up for a couple of days and then takes a correction for two days which actually dumps the entire altcoin market. Bitcoin has been accumulating for four to five weeks, but most altcoins dumped up to 100% in the recent couple of weeks.

If bitcoin dominance increases and altcoins continue to fall then it is inevitable but I think it won't be too serious because as you said altcoins have fallen too much. If you look back at history, you will see that bitcoin dominance in previous cycles would reach 7x before dropping to create a strong bull market. But with so many altcoins coming out in this cycle, bitcoin dominance has dropped significantly so I think 62-64% would be the most reasonable level.

BTC.D broke above 60% yesterday and I believe it will soon continue to rise before falling, meaning we are very close to the bull season we are expecting. We have held out so far, there is no reason to panic at this point no matter what happens.

[God Of Thunder]

BTC.D broke above 60% yesterday and I believe it will soon continue to rise before falling, meaning we are very close to the bull season we are expecting. We have held out so far, there is no reason to panic at this point no matter what happens.

Even veteran members started to Panic with their Altcoins holdings. Did you notice what has been happening in the last few weeks? Bitcoin accumulating every week, but the altcoins going down and down. When Bitcoin pumps 5%, altcoins also pump 3-4%, but when Bitcoin takes a 1% correction, Altcoins lose 5-10% at the same time. Which caused major damage in the Altcoins market.

People started to do DCA with their altcoins as well hoping it would be the lowest low. But the market keeps dumping and there is no other way to recover that lose except to continue doing DCA. But not everyone has enough fund to continue doing DCA until the bull run starts.

[Yaunfitda]

Bitcoin dominance hasn't peaked yet, I think it could hit 62-64% before turning around and starting a real bull run as many expect.

But in that case, I feel like altcoins will start to bleed if Bitcoin dominance increases a lot. But if Bitcoin dominance increases and the price goes up as well, then altcoins won't pump. But if Bitcoin dominance decreases, but the price goes up, then we are most likely to see a massive bull run. For now, Bitcoin goes up for a couple of days and then takes a correction for two days which actually dumps the entire altcoin market. Bitcoin has been accumulating for four to five weeks, but most altcoins dumped up to 100% in the recent couple of weeks.

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.

So with that, let Bitcoin do it's thing, going for a new all time high, maybe it will trickle some to altcoins, so that is good enough. But if not, then so be it, we know that there are still relationship between the two. But I think Bitcoin can ran it's course alone and most likely if the FOMO will continue, we might see a new all time high this month of November.

[Oshio-man]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I think each bull run is different but comes with a common goal, that is to reward us after long term hodling and trading while waiting for the perfect timing to sell. So whether it takes so long or too quick to witness bull run in the market, and the transaction fees might vary, but one thing is certain, if we have the patience and persistency to wait for its perfect timing, then we will all benefit once bull run has finally comes.

You're right, each bull season give people different incomes because people experienced huge income in this year bull and the transaction fee involved was very low, compared last season transaction fee that was very high, and the price of bitcoin didn't hit $70k in the last bull but it was the highest price people experienced from bitcoin before it hit higher this year 2024. To wait for the real time, is the challenge to some people in this bitcoin holding because there is no how you will endure for bull season to reach the highest for you not to earn surplus incom that will create more opportunity for you to buy more bitcoin in the bear season.

[Pandu Geddon]

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.

So with that, let Bitcoin do it's thing, going for a new all time high, maybe it will trickle some to altcoins, so that is good enough. But if not, then so be it, we know that there are still relationship between the two. But I think Bitcoin can ran it's course alone and most likely if the FOMO will continue, we might see a new all time high this month of November.

Hopefully, it can be achieved, even if not this month, there is great hope that if the bull momentum persists we will move in a better direction until early next year. October is over and the movement is also quite good even though everyone had hoped for a high pump to occur last month and we could enjoy it until the end of this year.
we never know whether the bull run will continue until the end of the year or even early next year or not. but Bitcoin is currently quite strong and it will not be easy to change direction at this time. let's see if this month will be better than October or not. this could be a long momentum for Bitcoin which is quite strong in the current price range.

[GeorgeJohn]

I was surprised too when I checked the transaction fees, they’re really cheap these days (checked on mempool). As we’ve all noticed, the market seems to be in a bull run already, with Bitcoin hitting $69k and getting ready to break the current ATH, which should push the price even higher. But yeah, it’s interesting how this time around it’s different compared to the last bull run. Back then, fees were really high, making small transactions almost not worth it. We had to wait until the network congestion eased up before moving any Bitcoin.

I don't know if I will say that is bullrun that makes the congestion to occurs, do you know that this transaction congestion we experienced this time, we have not experienced it last three years or four years ago, I think that why we do experienced these kind of congestion in transaction is because of numbers of transaction at moment that needs to be processed, last two weeks they was a congestion in which I seek for the assistance of accelerator to boost the transaction confirmation, so it's not the bullrun that caused congestion in transaction from my perspective, but the demands or gravity of the unprocessed transaction will lead to congestion, I will like other people to throw more light on what that causes delay of confirmation of transaction in blockchain technology.

[GigaBit]

About the bull run, yeah, we are in the season, only that it is not impressive yet. The ATH has been stuck since March, I don't think it is now that Bitcoin will hit it again, not to mention breaching it higher. It might take time, but it may happen during the US election week and subsequent months, as it has always helped with Bitcoin's rise.

A bull run is always impressive. I know the effect have subsided for a while but I'd say it was still impressive due to the fact it hasn't ended yet just like the other/previous bull runs we had. The Election is said to happen in November and many are positive about it due to their involvement in BTC but I think they only coincide with the month where we typically experience a pump. It was still great though because we might experience a super pump/bull this time.

I maintain that this bull run is not yet impressive, perhaps it might be impressive later due to many reasons which include the US election, but now, we can't call a market that has hit its ATH since March but is unable to reach it again let alone breaching it higher an impressive market, that's not cool. Satoshi planned the Bitcoin halving cycle well to coincide with the US election, and truly, I noticed with the past charts that the US election indeed helped Bitcoin to rise. Let's wait and see this time.

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.

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.