Topic: Bitcoin $5k rise within an hour plus. - page 2. (Read 432 times)

True, this can be the miners relief trend.  But still I am puzzled about the sudden surge of Bitcoin and the continuation of that surge even though it was confirmed that the Blackrock ETF approval is a fake news.  Is there some huge force behind these Bitcoin surge?  I am wondering if we are in for a bitcoin bull market transition before the halving or someone is setting another bull trap just to take advantage of many naive traders and investors.

It would really a nice thing if the uptrend of Bitcoin is a natural market of demand and supply effect and not some trend manipulation by some groups in order to take profit at the end that can cause losses from the biters of the bait.

This can be considered a recovery though this is one of the longest bear markets the community is facing. Breaking above 32k and holding that position for more than 24 hours gives long term investors more confidence. A lot of long positions were opened by the traders as soon as BTC broke 32k and started rallying towards 35k. This continuation of the rally can take us to above 40k by the end of the year.

The usual bulltrap will not be long, I see the movement after this spike getting stronger, will be to this $40K point a little more.
Yes I feel so... this may be the starting point where ATH will soon... in november last year it was at its lowest point now it has doubled from last year's price, I think this is actually a recovery.

Agree, we still have a long time to wait for Bitcoin ETF to approve. So I wouldn't say that the price of Bitcoin is increasing depending on only for ETFs. Because we know that next year we will see a potential bitcoin halving. However, with the market having a positive sentiment on ETFs, the price of Bitcoin has already risen sharply to the highest price since the 2021 Bitcoin crash. Here is FOMO work greatly. Various analysts believe that FOMO is playing an important role in Bitcoin's sudden rapid growth. But I believe this trend may be continuous for next 2 months but not sure.

I am expecting the same, a bearish run will happen too as they will try to take advantage of this pump and sell their coins to make profits. But, there's a scary part to doing that because the approval of the Bitcoin ETF is hanging which means anytime it could be approved and if I am a whale I will have doubts about selling. That could also be one of the reasons why it is staying at its current price.
It's slowly going down but there are still investors who will be afraid of missing out so the demand will keep on coming.
The hype about the ETF is so large that even those who just know about other ETFs will realize that this could be a good way to make profits, I have friends who are now asking if they should buy now and I cannot find a clear answer for them. I just shared with them the events that will happen next year and recent Grayscale news winning their case against SEC. It's up to them if they will buy and I won't be part of it as I don't want them pointing fingers when a bad turn comes.

The altcoin market already responded positively to the rise in Bitcoin price even though not as much as Bitcoin in pip count. To me this is enough because it is usually Bitcoin first then other will follow. Recent fundamentals shows that Bitcoin enjoys more attention and interest, although as the pioneer, than any other cryptocurrency.

Even though I also have my doubts about bull run starting already because the market is still undecided and the recent gains of Bitcoin can be eaten by a single negative news. While it is expected that we keep an open mind regarding price movement, I'm actually excited seeing the market all green after a long period of consolidation. This somehow shows how beautiful it can be being a hodler in a bull market.

There are various opinions about such a large increase in a very short period of time and this is also very natural, because previously there were many people who did not think that Bitcoin could increase that much in just a fairly short period of time. Speculation from many people about a bull run is also quite natural considering that this year Bitcoin's increase seemed difficult in the past few months and this month the price has increased again, surprising many people. So this could be considered the start of a bullrun even though the current Bitcoin price is still far from the new ATH.

Everyone always has different thoughts when looking at things like this because previously altcoins in the market also tended to increase their prices when a bull run occurred, but that didn't happen this month except for only a small increase in almost most of the altcoins in the market. However, I will not deny that the bullrun will be easier to see through Bitcoin than through altcoins which usually only follow the market flow when Bitcoin starts to increase in the market.

Analytically speaking, Bitcoin price is expected to go that way because we are in the bullish trend already. If you know how to identify market structure, bullish trend already confirmed since March 2023. Maybe the end of this week the price would stay at 35k level and then pullback at 30k on next week or the other week.

Well this is not 100% and I'm basing on my own analysis, but it is very possible to happen. If there's a dump of Bitcoin's price, it's just a pullback to fill out the gap or seek liquidity in the discounted zone in order to fuel the price higher. So if you're going to invest Bitcoin today, you're probably fomo. To increase your profit potential, buy at the end of pullback.

We do not calculate the change in the price of Bitcoin in dollars, but rather in proportion. The price of Bitcoin rose to 35 thousand before stabilizing, and then we may reach $39,000 and reach $44,000 before the end of the year if the upward momentum continues, or at least we stabilize above $32,000 until the end of the year. What is certain is that as much as we remained below $30,000 for a long period of time, it is likely that we will not return to those levels in the next two years.

Fear & Greed Index gives a score of 71%, which indicates that more people are betting on the bullish pattern.

We aren't there yet, this is just the preparation for what is about to get unveiled, bitcoin breakout is setting in gradually and the target is aiming towards $38,000 we should be getting ready for the massive move once again sooner, there have been more to the reason why we experienced this sudden breakout, if you look as well towards the market today, it has been resisting over the bear by maintaining higher position above $34,000 we cannot predict what the subsequent days of the month will be, but as expected, the market is  likely to reach $38,000


https://twitter.com/Ashcryptoreal/status/1716989189349073035?t=JyMaNsHjFgY8f6HRc7POzw&s=19

Well, Altcoins did show some signs of leg up but wasn't sustained, though it was a general altcoin move, the leg up was majorly experienced by major altcoin, mostly the ones in the first page of coinmaketcap, that is the top 100 coins and tokens on coinmarketcap.

A friend of mine actually believed that the current rise in the price of bitcoin is a nothing but a bull trap, which i personally disagreed with him, i do not consider this to be a bull trap, and neither do i think that we are in bull season yet. The current rise in the price of bitcoin is likely due to investors sentiments regarding the much-anticipated bitcoin ETF approval. There has been some news circulating on the web that the approval is sure, but the question should be when.

And putting into consideration the way the price of bitcoin jumped the day cointelegraph posted their fake news saying that bitcoin ETF have been approved, investors then had an idea of the possible impact the approval of the ETF will have on the price of bitcoin, so investors are possibly trying to buy in now, for no one knows when the approval will come in. this i personally believe could be the reason behind the leg ups we have seen and may still see if the momentum keeps on like it was a day ago, or two days ago.

Just wait for it, we arent still on bull market yet and just like been said or mentioned above by some posters. We are really just that still far away on bull run or year and half basing up on the history
on which there's really that still chance for you to wait up for some extreme dips or corrections on which it could really happen on this year into the next.This is why it would really be just that fine that you should really be taking up some assumption that there would really be some further dumps that could happen along the way. If you are really that just new into this market then these things would really be surely be experience
about that roller coaster ride on which it is really just that something that very normal into this market.

Now tend to look around on the news and sentiments that floating on which it seems that we would really be having some nasty corrections around the corner. This is why you should really be that
careful on what are the things that you would really be gonna do specially on deciding whether on buying or selling because in any actions be made then there would really be a
corresponding effects next to it. This is why you should really be wise on taking up decisions or else it would really be costing you.

Right, I also don't see any correction, and the investors are interested more than ever this year as it we have seen the price pushed to $35,000. And I think we can still maintained that price at the end of this month. The sentiments are now very bullish.

Of course, we are still very far from the all time high, we are even half of it at the current price. The discussion will come next year, after the block halving as it is the catalyst for the bull run that we are expecting.

No one is on the panic mode or pushing the sell button. But still a good way to accumulate and buy Bitcoin even if it is $35.000.

I don't think there has been a price correction right now from the significant increase that occurred in the last few days, currently the price is still in the $34k-$35k price range which means it is still quite high and we are still waiting to see whether the increase will continue or vice versa.

We don't deserve to talk about ATH right now, currently a significant increase has just occurred and we are entering a halving time which allows us to return to seeing the things we want.
There is no need to panic, Bitcoin's movement tends to be more in a positive direction this year, and that indicates it will continue until the end of the year, and I am quite optimistic about that.

The rise in Bitcoin in a short time yesterday clearly brought us joy. Investors may have sold some of their Bitcoins to take advantage. However, many investors are still holding Bitcoin and not selling it at yesterday's high price.

But it is still far from the previous ATH where Bitcoin is currently still struggling to reach the previous ATH. And now, the price correction has come. This correction makes me curious because with the $34k level reached, where will the price of Bitcoin fall? Can Bitcoin price remain above $30k during the current correction or will Bitcoin price return to below $30k?

It remains a mystery to us. And people who bought Bitcoin at $33k or $34k yesterday could be worried because they bought Bitcoin at high prices. But if they don't panic about the decline in Bitcoin and can hold their Bitcoin tightly, they will see that they will make a profit in the future.

It's probably one rare case that altcoins didn't follow bitcoin's spike. On the other hand, we are still in the heart of the bear market, and still altcoins investors are very reluctant to put their money on altcoins. Or it could be that they are putting their money on bitcoin right now to jump with the hype of the Bitcoin Spot ETF approval or the listing of such ticket.

And if I'm not mistaken, the price hits $35k, the highest for this year, although it drop a bit to $33k, but still it's a good price to hand at this point of the year. Because it might coincide with the majority prediction that the price at the end of the year will be around $40k-$50k. So just a couple of dollars to hit that price. Let's see if this positive sentiments will continue.

Wait, ain't ready yet.
Don't forget Bitcoin halving hasn't yet come which is a sign that ATH is near to come.
By the way, that's a great prediction of yours.

Might be possible, that there could be a downtrend after this spike.
But it could be also a starting point for a path of ATH.

Not that shocking, Bitcoin have seen doing this move it even make a $10k move or the other way around to plummet within hours. Well, it's all a game of speculation but what surprises a lot of traders is that the move was way off the charts, fundamental analyst that are bullish should have expected it more rather than those technical analyst.

If you've been here on this market for a while then having this movement wont really actually get you shocked because we know that this market is really that something volatile.It just turns out that after a couple of years which the price isnt moving yet and if it turns out that you are just new since you are just that registered on last year then i do see the reason on why you do make out such common
about such movement on which i would tell you that 5k movement in a day is really just that normal or something not really new into this space. There's really that times that it even considered to be a normal day with Bitcoin, it did really just make out some minimal move because of that crypto winter but since its been said or announced that its already over then expect that movement something
like this would already be that common or something that could be seen from time to time.

If you do find yourself that able to make profits in short time then better to secure it off before the market would really be making out some correction, but if you are really that going for long term
then these movements wont really be that an issue for you. Get used to this market because it did really have that kind of behavior in the first place.
It just turns out that this had been just your first time.