Topic: Bitcoin $5k rise within an hour plus. (Read 444 times)

If this will going to happen any time sooner? then that is the time to take out my funds for a while , that is my plans I know how much i need to carry because the price will surely drop any time next year and with that I will keep my Eye in the market until I silence my funds inside bitcoin till Pump happened.
Thank you for the graph mate, I consider this as my viewing spot to what will happen sooner.
I keep tracking everything that will bring me more understanding towards future.

It is true, the Bitcoin ETF is still on the way, but if speculation regarding the bullrun issue continues to be campaigned, it is very close, it will give rise to a sense of optimism among investors. All good news or other negative events that normally affect the market are put aside at this time.

Yes. Must be careful if not many people get caught up in dramatic price fluctuations because where crypto asset prices will move next, no one can predict 100% correctly.

This is not uncommon with Bitcoin. Any time can be more or less than this. I think one should invest here not considering its volatility but researching it well and planning long term. Bitcoin is capable of increasing ‍and also decreasing by 5 percent or more in 24 hours. Bitcoin is deadly risky for those who are making a decision to invest in Bitcoin based only on temporary volatility. This type of thinking must be avoided. Generally holders cannot be profitable due to this kind of pumping because in case of Bitcoin most of the time they hold for long term. When the market reaches a reliable high, the holders will also be profitable ‍at that time. A holder has to regulate himself in such circumstances.

People are alarmed because the Btioci has grown by $5k in one moment, there is no need to be alarmed, this is how it is, volatility can be given very well so that it can generate a higher price, if the price has to grow on day In the moment that you want, slow, or fast but it achieves its objective, they do this so that it causes more fury, emotions, and that they continue buying so that they can earn more, that is why from $26k it has risen almost to $35 k, and I think that it can reach $40k if the price continues to rise conservatively, because as it goes up it goes up, so why look for the reason why it went up, what is known is that it will continue to rise and that must take advantage.

This isn't a set of instructions, rather, it's a market response anticipating the forthcoming decision on a Bitcoin ETF. Regardless of the outcome, Bitcoin's price is expected to continue its upward trajectory from its previous levels because this news hints at a positive trend. It's not a trial to determine whether BTC will perform negatively, thus, the climb from $30k to $34k will establish a new price range, possibly lasting until the new year in 2024. Bitcoin ideally should not drop below $30k again, as that stands as the latest support level.

A potential bull run might indeed materialize in 2024, as you mentioned, but a new all time high is more likely to occur in 2025, precisely one year after the halving event. Let's wait and see, and we'll be witnesses to what unfolds in the upcoming moments.

I'll be totally honest, I didn't really expect this to happen this soon. I thought we wouldn't be able to see Bitcoin going around $40k this year since there are only a couple of months remaining for the year to end, but this sudden pump hit us unexpectedly and the whole market is happy yet surprised to see the growth in such a short period of time. $35k seems to be the new resistance at this moment, and if it manages to go across that and stays strong, I bet it will get to $40k in no time.

If we talk about Altcoins, I don't think they are stagnant, the whole market is in red, I know that the growth level of a lot of altcoins isn't matching Bitcoin's, but that is obviously because Bitcoin is getting a lot of investments and people are buying as much as they can since everyone is thinking this is the beginning of the long-anticipated bull run.

OP wouldn't write that if we aren't there yet. Numbers don't lie. Just check the price now for you to believed it. But yeah this is only the beginning of something big. That wasn't $38k, but it is $100k or more. The reason why we experience such movement is might be to that BTC spot ETF. Other than that, people are still excited for the Bitcoin halving because we are getting close to it. You said we can not predict the market but how come you are so positive about that $38k?

But, I'm also going to be happy if we can continue to it for a while before the momentum stops. That way, we can still see an improvement after months of being in a stagnation mode.

We wonder because we never expected this to happen and the current situation will tell us that nobody saw it happen that is why we all got surprised.
But just like the old days, the rise never stays long as the drop comes after and I am expecting this because people are selling off their Bitcoin when they see a price increase.

Well, we can say that this is some kind of price manipulation but I'd never see it was true. But what I believe is that the number of investors is growing fast making the demand spike and the result is somewhat surprising.

Definitely this sudden price hike has made everyone astonished for a bit. The ones who bought the coins just before the price rise would have definitely made good profit to be honest. Yes it was very strange to see this sudden rise without any good support, but this is not a bull run I guess. The traders tried so hard to accumulate the coin that it lead to rise in price. Bull season will come soon, probably in 2024, so yes this was just an early hint.

                                              Lets forget the altcoin from here mate because this is about Bitcoin and yes its growth recently
While you have quoted altcoins movement when there is bitcoin growth yet lets take them out from this thread and section.
About bitcoin being aggressive ? altcoin on the other hand is also having aggressive movement though not that high compared
to Bitcoin.
                           
                                             _______________________________________________________________________________ _________

                                             Now it is starting to slowly drop mate, from 35k now this is at 33k and smoving down little
by little, though I wanted to see this climbing over 40k before this October ends. 5k increase in the last hour yesterday.

                                           Lets give bitcoin time till before this year ends , 40k seems to be pretty
decent to achieve by 2023 , also hoping to see 2024 another Bull and bringing ATH (cannot wait till 2025 though)

Whenever there is a strong surge of Bitcoin price, the expectation or the pattern is that the altcoins would all be in red. It's only when the surge mellows down a bit that altcoins may begin to recover and possibly make gains. I think this has been the general pattern over the years. If Bitcoin grows slowly, it's possible that the top altcoins can catch up and rises along with it. But whenever Bitcoin is aggressively bullish, the altcoins will be left behind.

if nothing else, positive vibes are going in in the community right now. and it will give a good boost to those who are still hesitant to touch this market. with every rise in this market, means more people are considering to have a look on this industry, and so it translates to additional demand. which of course, is a very good one for us.
and with this rise, it shows that this market is still indeed a very volatile one, which is why a lot of traders are being attracted to this market.

The rapid increase in Bitcoin prices is certainly very encouraging for Bitcoin holders, no one would have thought that in just one hour Bitcoin would increase by $5k. Immediately determine the right price to sell your assets, if you are not so sure that the bullrun has just started, don't waste the profit that is in front of your eyes before it all disappears when a long-term dump occurs. I'm still waiting to see how far Bitcoin will rise, I will immediately exchange it when there are signs of a decline.

I hope bitcoin can cross 40$k this time. Everyone is waiting to see if the bitcoin market will be good. I have invested in bitcoin. If the bitcoin market is good within this year I can sell the bitcoins and make a profit. Bitcoin  I am very happy after seeing that its market is starting to improve.Bitcoin current price is 34$k now.

Something great usually happen on late months of the year since many provably expect some good changes to come especially that bitcoin comes from a long drop or stability. But since there's event that people await for longest time maybe that contributes for bitcoin to reach that up faster and no one expect that to come. But since we already have some great month then provably November might have something good to offer to us bitcoins users. So I'm quietly excited to see on what will happen next month since right now Bitcoin is showing some good signs about possibly trajectory for next couple of months to come. So maybe we can safely say that by by November to December maybe we can see the price of bitcoin can reach at the price you mentioned.

The correction may not occur suddenly but slowly, so we will not realize that the price is falling slowly. And currently, the price is still fluctuating in the $34k area but we still need to be prepared if the correction turns out to come suddenly.

Bitcoin prices can continue their increase or experience a decline. We will not know how the price of Bitcoin will move, but if we can prepare for all the possibilities, we can adapt to the circumstances that will occur.

The market may be very close to a bullish movement but we are still far from its final ATH. Meanwhile, we don't know whether there will be a significant improvement after this or there will be a correction, or whether the improvement will come gradually.

But the current situation has given hope to Bitcoin holders. At least, new Bitcoin holders can see that their purchases in Bitcoin can provide profits. And if they keep buying more Bitcoin and holding it tightly until the price reaches a new ATH, their profits will be even greater.

I must agree that not only bitcoin but the whole market shows positive movement every October and sometimes lasts till December so yes there are possibilities that this is same as what we had in the past years.
though sideways may happen because no one can predict the market by all chance.
4th quarter upon my experience is always giving me good income from my investments and hoping I will still have this year, and  hoping it will continue to grow from 34k to 40k

The increase made many holders to believed that bullish run is very close to the market, and it will make some not to sell their coins now than to wait to see what will happen before the end of this year because it look like the bullish run will appear before the end of November. The price has hit $34,721 few hours ago and the green light is still displaying some signs to encourage the holders not to miss this season because the bump will take a long season before it will return back to bearish run, which will be possible for those that will endure now and hold till that day. I don't think those that bought at the rate of $33,000 or $34,000 will be worry of anything because the price will continue increasing for those that invested in the past to supply to make a passive income.

It's probably of the oncoming decision on the status of bitcoin ETF that a lot of people are buying bitcoin right now because they know that if that decision is a positive is positive then there's a possibility that the price of bitcoin will go up and not to mention that historically, bitcoin price is positive during this months towards December so add that to the current happening and you're never going to be surprised that bitcoin is going up this fast.

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. 

Yes, this is still related to the ETF which is getting more and more crowded on social media about its review, is this what is called FOMO, maybe it could be that when you see the market reacting, there will be a lot of hype happening, this affects the entire crypto market but it is not entirely going to be a bullrun because for me this is a little we know during the achievement of a year bitcoin has been able to exceed $35K.

Some say that this is a bulltrap? I rule out that view because looking at the halving which is getting closer people will continue to buy then the pressure in the market is getting higher including them to prepare for investment starting from now.

Is it because that most in your portfolio are altcoins and you've got less allocation in Bitcoin? When we're in a bull run and it is started by Bitcoin, at most times it is being followed by altcoin season. But as far as I can see, Ethereum is following it as well and has got a few hundreds in addition of its former price yesterday. And going back to Bitcoin's move, there's no official announcement yet about Bitcoin's ETF approval so, these indicators and factors could lead to more rise in less than 24 hours. It gives us the idea on how much Bitcoin can move on unexpected days so there could be more to this. Whether you hold Bitcoins or altcoins, what matters here is the bull run that's very imminent to come.

If it is very true that the $5k increased in a short period of time, the ETFs? maybe but I think that people are changing their way of seeing bitcoin because they have discovered that it is a way to store money safely, those who make investments in fiat money are good , those who do different ways of doing things can It may also be that they are doing well, what I thought was that bitcoin has gone up because other workers are very reactive to things that give them Joy , Adrenaline , if they see that bitcoin was at $26k and then it increased to $29 k, which They think: It's going up, I don't want to miss the next rise, and they buy and buy Until they make the market go up, but not much and this causes a chain reaction , I think that's what happened.

There hasn't been a bear market for almost a year and bitcoin broke important resistance yesterday. But if etf is launched early next year, it will be like 2017. Then too everyone was waiting for btc futures after which the fall started. So it seems to me that this scenario may happen again.

The sudden rise in bitcoin is what I don't still understand how it happen, but I know that we are close the the halving and one should expect a pump in bitcoin price but not as high as this. I could remember how many times forum members have speculated that bitcoin price will not cross 33k by the end of this year, but right now still in the month of October we have seen the highest rise in bitcoin price since 2022. This shows that bitcoin is a good asset to invest in and anyone that has bought yet can still buy because nobody knows what bitcoin price will be by the end of this year. If ETF Bitcoin is approved by January, it means that bitcoin price will go above 120k as the new ATH.

Bitcoin is always showing this kind of buy pressure whenever there’s a strong price resistance broke while backed by a good news such as ETF approval. This price action happened too when Blackrock first filed their ETF and other event. Bitcoin show more stronger gain than that in the past bullrun.

It’s a sign how strong the Bitcoin market when everyone is positive. This is FOMO buying due to speculation for the upcoming ETF.

Let's not be surprised at all because we should expect more of this coming in subsequent times, we are getting closer to halving, the market is rising, we have been on dip for long, if the fake news and other things are going to be part of the constituents to fast track the rise of bitcoin market price then it's nothing new anymore, we should align ourselves for more bulls coming other than this sooner or later.


What really makes this a contention is the fact that it happened within a short period of time, no one ever expected this may come in such dimension and that's bitcoin for you, the upcoming bullrun will definitely come, but the pattern it may take is what remains unpredictable to us.

Who is not happy with the price rising so fast, I woke up from sleep to see the market jumping so fast that the portfolio rose by several percent although this is not the time to unwind but I think people will be very optimistic about the next bull run.

After the issue a while ago where Cointelegraph made a mistake on the news of the ETF being approved, now the price is really going beyond that, so I read some articles about this price increase and indeed the spot bitcoin ETF will soon be processed and the US judge asked for a review to the SEC and that's what I read the news on Watch.guru.

My thinking is that this increase is just the beginning of the recovery from a long time in the bear market, we will see how bitcoin surges after the ETF is approved next year.

 Many attach the sudden rise in Bitcoin price to the fact that there's a possibility that a spot Bitcoin ETF approval is in the works. As of yesterday the price range was between $30-31k but today it's $34,300 as at time of writing but we are hoping for more highs since it has stayed on the $27-28k range for too long.
Yeah, those future traders will benefit more from this pump and while I'm hoping it stays this way, I will not rule out a possibility of it going back down.

This is not something we should be surprised because when the Grayscale ETF was approved, Bitcoin price shot to almost $28k in a short period of time.

Within one hour, bitcoin rose from $31600 to $34750.
Four hours after, it rose to $32300. It takes very longs hours for bitcoin to rise by $5000, although it rose from $29880 to almost $35000 yesterday.

If bitcoin ETF is approved by early next year, the bear market time would be far become it comes. As for now, I do not see any bear market coming.

Just within an hour plus bitcoin rose by $5k which I don't think anyone had expected it in this way and it's a thing of joy for all bitcoin hodlers of which this rise has in addition lift the optimism of everyone's speculation about bitcoin bullrun any time soon even though the bitcoin ETF which in postulation  is believed to offset bitcoin price if approved is still in the pipeline unapproved.

Just to express my thoughts about this $5k upturn, inam having a hard time to accepting that a very close bullrun is underway if I don't see a corresponding altcoins price move with the bitcoin price move towing them along in every move. My resolve will be strong for a bitcoin bullrun when this happens else this is going to be followed by a long time dump.

 It's just my thought, so you think about it and give yours!