Bitcoin sentimental discussion for November - page 4.

Plaguedeath

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Quote from: Perfectbaby on November 03, 2024, 05:31:13 AM

Does it mean that Bitcoin has now depending on a political party to soar it's price or what?

Not entirely, but it do affect Bitcoin.

Most people are overreact news from big people, we know that Elon Musk tweeting Bitcoin logo doesn't give any meaning or politicians that talk about Bitcoin doesn't enitrely support Bitcoin. But, people think they're support Bitcoin and it's a sign for pump.

That's why Bitcoin price increase when they're doing that.

mirakal

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

We’re still expecting something unlikely to happen since Bitcoin’s price remains as volatile as ever. No matter who wins, we can’t really predict how the market will move. However, I think Bitcoin’s price will likely keep rising as the holiday season approaches. I checked past price trends, but it’s still not enough to say things will follow the same pattern this year. I’m certain this time is different—not just because of the U.S. election but also due to shifting investor behavior. And in my view, that could have an even bigger impact than the election itself.

Perfectbaby

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Does it mean that Bitcoin has now depending on a political party to soar it's price or what? To me I don't think we should be equating a political discussion to bitcoin as I know politicians are anti-bitcoin and I don't expect action to have effects on bitcoin price because they aren't in control of bitcoin right from the inception of bitcoin. Yes there would be affects due to some people believe that Trump would have positive moves towards bitcoin while the other opponents seems to be anti-bitcoin who does not love bitcoin.

Now judging from history we can always say that October-December is always a good months for the bitcoin price increase, although there would be a little hinderance since it's believe that the election will have so much effects on the price, otherwise I am always bullish on this Q4 of 2024.

Ricardo11

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There is a high probability that the value of Bitcoin will increase a lot if Trump wins, but we cannot expect anything positive in the case of Kamala Harris. The election is only 2 days away, and Bitcoin is now worth $68K. We will see the next movement of Bitcoin after this election, but without seeing the final result of the election, it is very difficult to predict the next movement of Bitcoin, the next positive or negative movement of Bitcoin is completely dependent on the result of this election. Let's see who wins the election and how Bitcoin moves next.

Iranus

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Quote from: Smack That Ace on November 02, 2024, 10:20:09 PM

In my opinion, the trend of bitcoin in November depends entirely on the election results. If Trump loses, don't expect the market to continue to rise and the bull season will be delayed further.

Aside from the election results that will impact the markets, let's not forget that the Fed is expected to make two more rate cuts before the end of the year. And to me, that's going to be a more important factor that impacts the market than the election. But with recent data released, many predict that the Fed may only cut rates once by the end of the year. If that prediction comes true, I'm not very optimistic about the last two months of the year, not just November.

Honestly, does anyone else feel like things are stagnant and gloomy? Things are not like previous bull cycles. I don't want to be alarmist but I have a feeling things are getting much more complicated and unpredictable than previous cycles when there were a lot of geopolitical events impacting the markets.

Baofeng

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Quote from: STT on November 02, 2024, 06:48:44 PM

The only question remaining is for the last 2 months of 2024 and I think at worst it will be a middling performance but with a better then average chance we outperform. Certainly so long as BTC remains above 69k we can do better then previous months going back to the Spring. But this moment is pivotal as BTC is placed just on that 69k level now, this was the top area for the last couple weeks and further back about 3 months of the year was capped in this area so it has some volume so we have an easy indication for progress going forward.

Yes, as long as the support line will hold, thus maintaining that $68k-$69k price range, we will all be good. However, there is the US election in the next 2 days, and I will say that it's going to be a big factor, it could really be a breaking point for us if Trump wins pushing the price to near levels or all time high. Or if it is going to be Kamala Harris, then there could be a major correction.

Although we are still in the center of the bull run as we have 2025, a full 12 months so make the price to the six figures that we all have wanting to see, but this month is going to be very critical and it's hard to say whether we will continue to be bullish or not.

Smack That Ace

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Quote from: Charles-Tim on November 02, 2024, 05:18:34 PM

Quote from: Ambatman on November 02, 2024, 04:03:17 PM

Now talking about election
I'm quite bullish
Bitcoin performance during election month of November has been green so far
2012 an increase of 11.2%
2016 an increase of 5.4%
2020 an increase of 42.95%
And 2024 an increase of TBD
Will fill that after November closing.

In all, I'm quite bullish.

But did you know that bitcoin has not been in political level like this in the past. The presidential candidates were neutral. Unlike now that one is really optimistic about bitcoin which makes the crypto community to like him while the other remain neutral.

Although I am also bullish in any candidate but I am not sure how the market will react for some hours if Trump does not win. I I think this affect the market for some hours before recovering.

Although today is the weekend, the market is usually not very volatile, but right after Trump's support dropped, Harris' support suddenly skyrocketed on the polymarket. Bitcoin also immediately dropped below $68k, which shows that the outcome of this election will have a significant impact on bitcoin, unlike every previous year.

I thought the election wouldn't affect bitcoin much but I guess I was wrong, if Trump doesn't win, we'll even have a serious dump that's inevitable.
In my opinion, the trend of bitcoin in November depends entirely on the election results. If Trump loses, don't expect the market to continue to rise and the bull season will be delayed further.

JeffBrad12

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Quote from: Stalker22 on November 02, 2024, 03:24:46 PM

Bitcoin markets have had a bit of a love-hate relationship with November. Over the past six years, four Novembers have ended in the red. Hopefully, this year will be in green again, like last year. Cheesy

Here is the data from coinglass:

realistically speaking, feels like we're about to see some red market this month Grin

. the october isn't bullish enough for november to carry on the rally, instead according to the data you showed, when october is not that bullish, november have tendencies to be bearish. well I guess i just need to look out for this possibility.

it seems BTC just gonna accumulate for a while around this level, probably side way around $64k - $69k, hopefully this is not the case, but it's always possible.

overall the sentiment toward BTC market still neutral, haven't seen that much bear posters either.

STT

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Retraction for 4 days but Bitcoin remains good on its start to November. With the 50 day average crossing back above the 200 day, the medium term is set fine alongside a good setup longer term also.

The only question remaining is for the last 2 months of 2024 and I think at worst it will be a middling performance but with a better then average chance we outperform. Certainly so long as BTC remains above 69k we can do better then previous months going back to the Spring. But this moment is pivotal as BTC is placed just on that 69k level now, this was the top area for the last couple weeks and further back about 3 months of the year was capped in this area so it has some volume so we have an easy indication for progress going forward.

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Quote from: Stalker22 on November 02, 2024, 03:24:46 PM

Bitcoin markets have had a bit of a love-hate relationship with November. Over the past six years, four Novembers have ended in the red. Hopefully, this year will be in green again, like last year. Cheesy

Here is the data from coinglass:

we can't say at this moment how bitcoin market is going to react to this November sentiment and for some reason, the bear market is beginning to bite hard and for that we have to make sure to put every necessary thing in consideration before we make any predictions as for which direction Bitcoin will go in this month of November 2024 because from the look of things, Bitcoin can go in any direction and the tendency to go in the negative direction in this period is there so we have to be bold and smart enough to make every necessary attempt to remain at advantage.

Bitcoin before November have been on the positive Outlook, and for sure it will continue like that for a long period of time, but for us to determine which direction Bitcoin will go in this current month of November 2024, is somewhat hard because of the current conditions in the market.

Could the current correction in the market open the door for more dip market, or will Bitcoin be strong enough to make a quick recovery this are what we have to consider before making any predictions and speculations.

Ambatman

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Quote from: Charles-Tim on November 02, 2024, 05:18:34 PM

But did you know that bitcoin has not been in political level like this in the past. The presidential candidates were neutral. Unlike now that one is really optimistic about bitcoin which makes the crypto community to like him while the other remain neutral.

Although I am also bullish in any candidate but I am not sure how the market will react for some hours if Trump does not win. I I think this affect the market for some hours before recovering.

yeah it hasn't and depending on who wins there might be a dip next week
But the speculation is on November and not next week
So I'm optimistic.

Funny how the supporter of bitcoin is also a Shitcoiner.
Well all we can do is speculate
Let's see how the election and November plays out.

Charles-Tim

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Quote from: Ambatman on November 02, 2024, 04:03:17 PM

Now talking about election
I'm quite bullish
Bitcoin performance during election month of November has been green so far
2012 an increase of 11.2%
2016 an increase of 5.4%
2020 an increase of 42.95%
And 2024 an increase of TBD
Will fill that after November closing.

In all, I'm quite bullish.

But did you know that bitcoin has not been in political level like this in the past. The presidential candidates were neutral. Unlike now that one is really optimistic about bitcoin which makes the crypto community to like him while the other remain neutral.

Although I am also bullish in any candidate but I am not sure how the market will react for some hours if Trump does not win. I I think this affect the market for some hours before recovering.

348Judah

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

What do you think, will bitcoin rise November?

We have seen all that Uptober could offer us, both the bull and bear market aspects of it all, now over to November, if we are going to judge by the today and yesterday performance of bitcoin, we can draw a little conclusion that the market may go bearish for now, though we still have the whole month to see how it could perform, but for now, investors should check well their chart and speculate like never before to see that they are right about their feelings on whether to go bearish or bullish regarding this month of November.

Ambatman

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Now talking about election
I'm quite bullish
Bitcoin performance during election month of November has been green so far
2012 an increase of 11.2%
2016 an increase of 5.4%
2020 an increase of 42.95%
And 2024 an increase of TBD
Will fill that after November closing.

In all, I'm quite bullish.

Stalker22

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Bitcoin markets have had a bit of a love-hate relationship with November. Over the past six years, four Novembers have ended in the red. Hopefully, this year will be in green again, like last year. Cheesy

Here is the data from coinglass:

Wiwo

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From the look of things right now with bitcoin market reaction, I think we are going to see more bullish market in the month of November compared to what we hard in October, although bitcoin recorded some exciting price movement in the month of October which was way above $73,000 plus price, this market sentiment makes all the of sense in this discussion and in aiding our speculations for this month of November, although at the moment the price of bitcoin is below 79k which is somewhat a negative market right now with some attempts to recover but meeting stong resistance each time.

November started on a negative note for bitcoin, but then we are in the early days of the month and for that we have a lot of NG way to go in our speculations, since bitcoin right now is facing a resistance thatll could trigger either an up trend movement or a pull down which could be a sharp decline, but the overall expectation right now is a bull breakout in the month.

adultcrypto

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Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

I think you are the first person to raise the topic and it is nice we discuss it to see the opinion of people this month that I consider very sensitive for Bitcoin. What will happen this month will give us idea of how bitcoin will do going into the remaining part of the year and even till next year.

Quote from: Oshosondy on November 02, 2024, 02:58:20 PM

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Just like you rightly said, a lot depends on the US elections and the sentiment you stated is true. It will really be hard for the price of Bitcoin not to respond to these sentiments because Trump is seen as good for Bitcoin whereas Kamala is seen to be against Bitcoin because of Joe Biden's actions that many consider does not support Bitcoin.

Oshosondy

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I have not noticed any topic about sentimental discussion about bitcoin price in November. If there is any thread about it, you can let me know. But I have gone through the recent threads on this board but I did not see November discussion for bitcoin.

What do you think, will bitcoin rise November?

It remain just three days to the United States presidential election. Some people think that if Kamala Harris wins, bitcoin may drop a bit before going back up. Some people believe that if Donald Trump wins, that the price of bitcoin may increased to ATH.

We do not know yet who is going to win. And also without knowing yet who would win, do you think bitcoin price will increase this month?

Topic: Bitcoin sentimental discussion for November - page 4. (Read 841 times)