Topic: Bitcoin sentimental discussion for November (Read 837 times)

Well, this reminds me a lot of when we were in 2017, which was a somewhat similar market, except that of course now the circumstances are different, in 2017 the best time was in December, there was a great demand, so is it likely that something like this could happen? What Trump did was give that trigger for the market to rise, it could be that when he takes office things turn out in favor of the market, of course it is only my assumption, but among all the fundamentals that always bring omens of making the market fall, this one although it is not confirmed could be taken advantage of.

Bitcoin now touch $102k which we never knew that will happen today. We are gladly for that and I am sure that some people already sold their Bitcoin at that price. I already sell some at $100,000 and now I am waiting for the dips if that could happen later. We still don't know if this rising of the Bitcoin price will still continue or will go down for a while after hit the new ATH but there is a chance for Bitcoin to keep rising. So if you are expecting to the next higher price, you should wait for that and prepare your Bitcoin in order sell so you will not miss that chance to make more profit.

We have seen the results of this thread as bitcoin has increased tremendously after the win of Trump. Although if Kama Haris where to win , no one will know what will happen. May XRP would have increased as rummor had it that she was campaigning for a dead coin XRP. infact this month was one of the best month for the bitcoin enthusiasts the month of November 2024 is an unforgettable month and a history that will never be forgotten. Bitcoin increased from $69k to $99k on November. Isn't that wounderful? Let watch out the rest of the remaining weeks of this year.

In terms of influence, it may be true because he is one of the candidates who openly supports bitcoin in the campaign, thus giving confidence to most investors to enter the market. However, in some online media that I read, it was actually large institutions that entered the market based on confidence after Trump won the election because small investors did not have the ability to influence the market as they did.

Although I agree that the increase that occurred was also influenced by other factors, Trump's victory did have a very big impact on the growth of bitcoin which experienced a significant increase. Now let's see to what extent his promise can be realized because as promised during the campaign he threw.

This is a concrete reason that may be the basis for reference that the 4-year cycle is always a trigger for an increase even though there are several other events that may be simultaneous. Interest in bitcoin will certainly continue to grow because people are starting to realize how bitcoin can provide certainty about maintaining value that is difficult to get from previous investments that have ever existed.

Yes, the progress of Bitcoin? we are touching $100k, I am sure it will go up more than $100k and this can undoubtedly generate a series of emcoins for those who have waited the most for that moment, some are going to sell because they know it will be like that, but it Doesn't make sense and it doesn't make sense because the price is not going to stay at $100k, it will Continue to rise like a rocket, those who sell at $100k will sell at a great price but it is not the final goal , the final goal is much higher than this, but I respect the decision of those who have the most bitcoin.

Positive sentiment continues for the first week of December with the greatest volume on a bullish candlestick, the entire day is a pin or spinning top pattern.   I think this shows an avoidance of the lowest prices and should confirm buying in this area with confidence.

The lows of today also represent a higher low then seen prior on Nov 26th and we're above all but the 2 day moving average which is in contention for close of day.  If we close above 96k I think its more then fair to conclude good strong progressive movement upwards today helping prospects for those hoping to continue the recent positive trend above the old highs.

We're nowhere near the 50 day average, which makes me think of a pullback but Ive often been too apprehensive in prior BTC bullish moves.  The gap can also be resolved by time as price stays here.

Trump is known as a presidential candidate who supports bitcoin and also the crypto industry compared to other candidates. Kamala is not a supporter of bitcoin and her victory may have a negative impact on its price growth, but the rise in bitcoin prices that we have been waiting for is not entirely due to Trump's victory but also due to various other factors.

The bitcoin halving last April has clearly raised the enthusiasm of investors to invest in bitcoin. Trump's victory is certainly good news because everyone believes he will have a positive impact on bitcoin through his policies. There are several promises he has made, so this is expected to have a big impact on bitcoin in the long term if Trump is willing to keep them.

This is not only because of Trump's victory, but I think the reasons are quite complex. Don't forget that the 4 year cycle always repeats itself regardless of the cause of the current price increase. But so far I agree that Trump's victory has had a positive impact on the growth of interest in bitcoin.

I totally agree with you, and there are many models that fulfill what you say, for example I have always stuck to PlanB, which its model says that btc is always rising and it is something that adapts to all times since btc started, and it is something common and real, then it can be said that your position and thinking about btc is the most correct, which means that every time we can get more btc it is a very good investment for everyone, over time this will be a great wonder because it will ensure futures.

There were other speculation threads to discuss Bitcoin price and the election so people were not interested to create a sentimental thread to discuss Bitcoin. And as you asked if Bitcoin price would do well in the month of November 2024 and it was. It was in the month Bitcoin hit $99+k and people were saying it hit $100k in a midnight but I was not aware of it and it was not popular in the forum as well. So I only recognize the $99+k and not the $100k.
Bitcoin normally do well in the month of October, November, December and Match and it is from the month of April that the price of Bitcoin started to come down. But since Trump has taken over power as of then the price might not reduce this time.

If Trump does not win the US presidential election, is it bitcoin gain quite a significant upward momentum during this period? I wonder if the price surge is so high because it is entirely influenced by Trump's victory or otherwise we are indeed in a Bullish period. In a long-term capacity we can see the best moment before the halving and maybe it is influenced by many events like what happened before the ATH. Many new investors are starting to be optimistic about the journey of bitcoin because they have seen very positive events happening especially for bitcoin.

Positive effects will definitely be seen when regulations get better and are considered because after all the US is a country that has great influence. This will only give investors confidence in looking at the crypto industry and I agree if that is the reason, but did Trump's victory have a big impact on the rise of bitcoin like it is now?

Yeah sorry about that...  You guys take over and keep making them polls about the monthly sentiment.  I just got bored with it the moment BTC started to show definite signs that it's going to be in a full on bull market.  I just felt less excited as we already know what it's gonna be for the next few months...  We go up only and every guy who could click the buy button would keep making money like we were the best traders ever.  Lol.

I'll start making the sentiment threads again when everybody is confused, frustrated and salty.

I think you are being too optimistic about the whole Trump takeover happening in January, I would not be surprised if the market decides to dump in January but that would not change the plans for next year as we are still going to have a very good year. November for the last few years has not always been very good for the market, it used to be October that was the better month bit since we did not get much price favourable movement for October then we can expect November to be very bullish. The market dumped few days ago but it is recovering very strong again and the price of Bitcoin is on the path of passing $100,000 again. The market is showing around $96,000 and if it does not correct again, we can pass $100,000 before the week comes to an end.

Not only that, when Trump takes power things could be better but another very good event could occur, such as the price of BTC going up even more, if this only happened when he won, when he takes power it will be something similar, well that's what I think, it's just my guess, but those who can go buying BTC now would be an idea to bet on, in the same way if that doesn't happen it doesn't matter, at some point the price will go up more and more, so it's a win-win bet in the medium or long term.

Another good day for Bitcoin on the top prices, only slight gain with the peaks sold some.   The 2 day average is just below the prevailing price but BTC trades below the 12hr average.

My take on days like this is price remains sideways, it is in a slight gradient upwards but considering there is no volume of trades in this area and progress should be easy on balance I consider this slow to steady sideways progress.

More importantly to my own view is to maintain above the weekly average for an ongoing positive attitude and BTC has that for the last couple weeks with good progress.
   Further afield the general take would be to maintain above the 50 day average, true since September.  No great selling is occurring if we are not even close to that, BTC remains bullish on all time frames.

Trump's victory as US president has made the market increasingly optimistic. Bitcoin price moved so fast and maintained its good performance in the range of $88k to $91k. Trump's election is expected to bring more changes in position towards crypto regulation at large and this is not just about bitcoin, but about this industry moving forward. Prices are expected to increase further in the next year although now most crypto prices have started to provide fantastic returns for their holders or investors.

Yes, it is a fact that things can be like that, there is nothing that prevents it, in fact what is expected is much better when Trump takes his presidency in JANUARY because it is expected that many things will improve in the world, it is said that even the dictatorships of third world countries will no longer exist and that excites me, wars will cease and that is something that excites me even more, we just have to wait patiently, it may be that this period of peace that can be unleashed can result in a very juicy new ATH.

No if about it, people going to be upset to find out theres an IF still in play.    That would be mass upset and very bearish in most respects.   All states have declared, Arizona and Nevada who I bet on as marginal being the hold outs due to the states being a desert I guess.

   It was an extremely strong result for Trump, not a single pundit told me to expect that.  Mostly Harris lost alot of voters some not even recognizing her presidency run apparently which is unfortunate.   But anyhow its decisive, an about turn on that is extreme volatility for markets.


End of week is time to look at weekly bars and its stronger, far more then I expected it immediately.  As said we only just collected all the vote results so its whipped up alot.

We surpassed 73k,  we just moved past 80k and I thought 79.3k could be an area for rest or resistance.  If we dont hold back then some hope for 100k this year which is 161% of the old ATH.   My expectation at the start of this year was somewhere near the old ATH and that was good enough for 1 year but it may keep pushing in theory as nothing is in the way any more.

End of Oct 2023 I set a poll for price till end of year, I guessed sideways.  It gained about 33% which is alot more then nothing.   We might do the same now I guess and enter 2025 as 90k if similar.

Well, you have to understand something, if Trump wins, the price of BTC could even reach $100k, because the trust they have in him is unique when it comes to BTC, on the other hand, with Kamala Harris it is a different story, she has not agreed with BTC or cryptos, so in this case things must be spoken clearly, as much as they want to disguise things, they must be seen in the best way, so in this aspect we are people who must see this in numbers and clear terms in order to know later what we should flirt with and deal with, the situation can really get tense.

As we know november is usually a green month, but think to the POTUS election november 24 is becoming an ATH month. Do we have statistics about that btw? They are tables showing how it performs in increasing or decreasing percentages every months, but there are no statistics showing when it used to break ATH the most, unfortunately. It should beat ATHs several times in december and in january 2025 before Trump took office.

It wouldn’t be very contextual to say that Bitcoin now or at anytime depends on politics for its market movement or price action. That’s incorrect if anyone were to reason it in this way.
What’s there to take note of is, Bitcoin being put there in the media. It becomes a question of what’s being said about Bitcoin.

Now, it’s evident that Bitcoin in the resent electoral demonstration on the US, politicians have banked on Bitcoin to be some of the ways by which, they buy over some supporters. With Bitcoin not yet to attain a main frame status, you find Bitcoin investors being supportive of where they might see a more welcoming public servant to the idea.

Sure these campaigns does bring in some new investors and pushes people to build their portfolio in hope of a better but, it’s hardly politics.