Bull season started? - page 10. | Bitcointalksearch.org

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Quote from: sokani on October 26, 2023, 12:06:29 PM

Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

-snip-

The bull season hasn't kicked off yet, the recent price surge was due to Blackrock spot bitcoin that got listed on Depository Trust and Clearing Corporation (DTCC). You could see how the price dropped when it got delisted but it's now back at $34.7k. I believe by the time most of the ETFs get the green from SEC, they will help to drive Bitcoin price up. Right now I don't pay attention to the price movement, I expect more good things next year, when the halving would commence coupled with ETF hype.

You are right, it is just fake news but it is able to move the market so fast. The price of bitcoin has penetrated $35k, not just once but it happened several times even though it is currently corrected below $34k. The market is becoming more optimistic about its upside whether the ETF is approved or not. I can imagine that bitcoin will really explode if the SEC starts approving ETF.

If bitcoin is able to maintain its current price until the end of October, then we can still expect higher resistance to be broken in November. It's just that you have to be careful when trading, especially scalping, but if you are a long-term investor, strengthen your grip.

sokani

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

The bull season hasn't kicked off yet, the recent price surge was due to Blackrock spot bitcoin that got listed on Depository Trust and Clearing Corporation (DTCC). You could see how the price dropped when it got delisted but it's now back at $34.7k. I believe by the time most of the ETFs get the green from SEC, they will help to drive Bitcoin price up. Right now I don't pay attention to the price movement, I expect more good things next year, when the halving would commence coupled with ETF hype.

salad daging

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Quote from: Quidat on October 26, 2023, 10:18:50 AM

This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.

And it's a question mark why they did that mysteriously, was it a mistake, I don't think it's possible but they tried to manipulate that way and looking at the market reaction, it's very possible that a correction back below $30K could happen but I'm ruling it out even though there is which says manipulation is taking place.

Well, after this news surfaced again, the price was actually not corrected or after the ticker returned on the DTCC site, just as there was no influence, the current price is still bearable.

We never know what the whales are doing, we can only speculate about them and after a successful mini the bulls assume it will be another correction, but in October and November there will always be surprises from price spikes.
Slightly influenced by spot ETF news which has become a sensation.

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Quote from: Ayers on October 26, 2023, 06:47:09 AM

Quote from: Iamcrypticguy on October 26, 2023, 03:46:47 AM

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The more the price drops, the more opportunities we have to buy more bitcoin at a discount. You don't want to buy cheap bitcoin and want to buy at a high price? The halving is expected to take place in March or April 2024 and if history repeats itself, we will have a bull season when the halving occurs, but it will not happen immediately but will it takes a few more months. That means there's still a chance the price will fall. If you believe in history, you should prepare mentally for it, don't be subjective because of what is happening in the market.

If they don't dare buy at $15k to $25k because they'd rather wait for a deeper decline, then I don't think they're ready to buy at $30k or $34k right now. Many people have doubts about the big things about bitcoin such as its price increases being better in the long run, but the experiences that others share for free can be taken into consideration.

Halving is getting closer, we have started counting down to it. I am optimistic that bitcoin demand will increase greatly ahead of the halving and a large correction should no longer be expected at the beginning of the year until the halving. But I'm sure, FUD will remain and this is just another way to undermine the trust of weak bitcoin holders.

Wend

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Quote from: Davian144 on October 26, 2023, 10:39:12 AM

Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

The increase in the price of Bitcoin which reached $35K this month is not only related to the historical pattern of October, but it actually comes from the effect of buyers who have outnumbered sellers in a short time so this clearly visible increasing effect must come from More people have entered the market than last month. I also still don't think that this increase is the effect of a bullish start in the market, but it is only an effect that occurred through good demand in Bitcoin this month.

To be more precise, what is happening is that news regarding ETFs is stirring up the market and people are bullish about it. It all looks more like manipulation than that bitcoin's price increase is due to increased demand for it. Market movements depend more on manipulation than supply and demand as many people think. I think the recent news about ETFs is like a market survey by market makers, they want to see how people react to news about ETFs.

Davian144

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

The increase in the price of Bitcoin which reached $35K this month is not only related to the historical pattern of October, but it actually comes from the effect of buyers who have outnumbered sellers in a short time so this clearly visible increasing effect must come from More people have entered the market than last month. I also still don't think that this increase is the effect of a bullish start in the market, but it is only an effect that occurred through good demand in Bitcoin this month.

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Quote from: Quidat on October 26, 2023, 10:18:50 AM

Quote from: onecall123 on October 26, 2023, 09:38:12 AM

I believe there's significant market manipulation happening right now. It looks like that the approval of a BTC spot ETF is driving a frenzy of buying, although the price isn't surging dramatically. Once the ETF gets the green light, we can expect billions of real money to enter BTC. The current activity might be more about moving funds from altcoins to Bitcoin. The total market cap isn't skyrocketing, so if this is new investment, it's quite substantial. This kind of behavior is common in the crypto market, and it doesn't surprise me.

This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.

Of course manipulation has always been and will always be in the cryptocurrency market, but if we look at the technical analysis, bitcoin has broken resistance and now the main thing is to make it a support. There is a little over a week left for this to happen. If October remains good, the growth should continue.

Quidat

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Quote from: onecall123 on October 26, 2023, 09:38:12 AM

I believe there's significant market manipulation happening right now. It looks like that the approval of a BTC spot ETF is driving a frenzy of buying, although the price isn't surging dramatically. Once the ETF gets the green light, we can expect billions of real money to enter BTC. The current activity might be more about moving funds from altcoins to Bitcoin. The total market cap isn't skyrocketing, so if this is new investment, it's quite substantial. This kind of behavior is common in the crypto market, and it doesn't surprise me.

This is what im feeling too on which we are really that moving that fast, on which we could really be having that potential crash or extreme correction later on. We've seen about those recent Blackrock
news and ETF's and whatsoever that in connection to this. We've seen those post been published like on Cointelegraph and then it was deleted and also with this

BlackRock’s iShares Bitcoin ETF mysteriously disappears from — then reappears on — DTCC site
https://cointelegraph.com/news/blackrock-bitcoin-etf-ibtc-relisted-dtcc

On which it is really that obviously that they are really that toying the entire space. This is why i highly doubt that there would really be corrections later on
on which we might be seeing 26-28k once again and im actually waiting for that, but of course everything cant really be that so sure
yet the market could really be able to shoot up even further.

onecall123

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I believe there's significant market manipulation happening right now. It looks like that the approval of a BTC spot ETF is driving a frenzy of buying, although the price isn't surging dramatically. Once the ETF gets the green light, we can expect billions of real money to enter BTC. The current activity might be more about moving funds from altcoins to Bitcoin. The total market cap isn't skyrocketing, so if this is new investment, it's quite substantial. This kind of behavior is common in the crypto market, and it doesn't surprise me.

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

What's your opinion, fellow traders?"

Although there haven't been too many comments yet, I see that most people still don't believe that cow season has come and that what is happening is only temporary and will quickly disappear. I also think like everyone else but I'm not really sure about anything because the market will usually always go against what the crowd thinks. When people believed that bitcoin would drop to $20k - $23k, but bitcoin has rebounded strongly by over 20% in the past few days and is currently trading for $34k. What I'm thinking is when everyone thinks bull season is not here yet, will ETFs be approved and will we have an immediate bull season?

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The bull market will return but maybe not yet. Slowly, the market will recover, and now, Bitcoin is on its way. We must be more patient in waiting for the market to become bullish again. And in the meantime, we are still given the opportunity to buy more Bitcoin at the current price.

And don't forget that the current increase will have a decrease as a correction. At that time, you can use it to accumulate more Bitcoins. It's better not to be too serious about waiting for a bull market but focus on accumulating more Bitcoins for now.

If a correction comes later, will the price of Bitcoin remain at $34k or will it decline below $30k again? Because the price of Bitcoin managed to rise to the current level of $34k. So it's better to be prepared with your money so you can buy more Bitcoin.

boltz

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Just a spike in price but no real bull run whatsoever. However , the signs of a bull run are present in the crypto space but the price tells us there is a big accumulation phase going behind and personally , I don't want to miss this so everytime I have some money to spare , I get some Bitcoin in return.

I also have a prediction of Bitcoin going full bull run Q3 of 2024 until Q1 2025.

Sim_card

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The sudden jump is due to the news lingering around the approval of EFT Bitcoin, which from what is on air that it will be approved by next year January. It is possible for the approval to take place by January or not because we don't need to trust SEC as they can still be reluctant to approve it. If it is not approved then bitcoin price wouldn't keep pumping but it will dump. I still believe that we might experience a dump even before next year January because this is how bitcoin price moves. I believe that you should continue accumulating more bitcoin is you can through DCA so that you will have stashed up your portfolio very well when the bull run arrives. Every price dump or pump is an opportunity to buy more since we believe that bitcoin price will hit 100k and above during the next bull run.

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Quote from: Iamcrypticguy on October 26, 2023, 03:46:47 AM

Quote from: _act_ on October 26, 2023, 03:44:49 AM

According to what I read, bitcoin ETF may not be approved until next year January, I am not seeing any bull run again for now but neither expecting a significant drop. If there would be a significant drop in bitcoin price, I am expecting it next year, but spot bitcoin ETF may not let that happen.

Some analysts on this forum are expecting $40000, but no one know if that would be possible.

If the question is about buying bitcoin, yes buying bitcoin is still not late.

Why are u expecting a drop next year?

The more the price drops, the more opportunities we have to buy more bitcoin at a discount. You don't want to buy cheap bitcoin and want to buy at a high price? The halving is expected to take place in March or April 2024 and if history repeats itself, we will have a bull season when the halving occurs, but it will not happen immediately but will it takes a few more months. That means there's still a chance the price will fall. If you believe in history, you should prepare mentally for it, don't be subjective because of what is happening in the market.

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

You have already the main 2 answers to your question that indeed it may be the effect of October pump that we already seen many years now and the coming is full back , or this is the beginning of the Bull season though I doubt the second because as we know , Halving is near to come so basically the market shows dumping when this comes closer, and since it will come on April , there must be a dump coming either next month or at least early next year.
better be ready and hold on , add more coins as needed and you can risk , also sell high now if you believe in the sooner dump.

BTC
tickers down
$34,442

price is up today, rising to an intra-day high of $35,121. The Bitcoin price increase today comes as hype around a spot BTC exchange-traded fund (ETF) resulted in an increase in spot and CME BTC volumes and this bullish momentum continues to push prices across the crypto market higher.

according to Cointelegraph https://cointelegraph.com/news/why-is-bitcoin-price-up-today

Dr.Bitcoin_Strange

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

I think Bitcoin price movement is nothing you should be confused about; all you need is to have a target price for which you wish to sell your asset, then sit back and hold it until your desired price is reached. If you are also in the process of still accumulating your coins, then you should apply the DCA strategy, depending on whether the price will still bounce back.

IMO, the sudden jump in price is not a surprise; perhaps the price has sat so low for more than one month too, and even if the price drops before properly going up again for the bull market, it's still not a bad thing. If you are buying, apply the DCA strategy, and if you are selling, wait more until the market is very bullish; maybe it surpasses the last ATH.

karabiber

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Quote from: sunsilk on October 26, 2023, 04:09:04 AM

It has not arrived yet and what we were seeing is due first to the fake news about the bitcoin etf approval. Next, is about the IBTC ticker which hasn't confirmed yet. But if we are going to connect all of these, they are likely about to get for real.

Now the thing is, how long we are going to wait until the bull run happens. Indication wise, after the halving. That is safe to say that the bull run will start from there but, we can be wrong from that point and it could happen any moment from now on.

And with the recent rise that we have seen lately, corrections are about to happen but it cannot be as big as the recent pump we witnessed.

Bitcoin will increase according to the previous halving data, but we can't know for sure that it will be bullish. Usually, Bitcoin starts its upward movement before the Halving date approaches, and with the Halving, more investors enter the market.
However, I think this halving will be different from others and I would say that fundamental analysis is more important than technical analysis for Bitcoin. The Etf approval, the market maker decisions made by the US institutions about Bitcoin, especially the FED's decisions, the recent wars in the Middle East and the Black Sea region show that the price of Bitcoin may rocket earlier than expected.

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Quote from: Iamcrypticguy on October 26, 2023, 03:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

If you are a long-term investor, you should continue to accumulate and if the bull season comes, sell when you reach your goal. If you are a short-term trader, I think it is never wrong to take profits when we have made significant profits. Personally, I close most of the long orders opened the previous day and what I do is wait for the market to correct to find a suitable buy point. Of course, I also have a separate long-term bitcoin accumulation, but I wouldn't accumulate more at this price.

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Quote from: _act_ on October 26, 2023, 04:12:50 AM

Quote from: Iamcrypticguy on October 26, 2023, 03:46:47 AM

Why are u expecting a drop next year?

What I meant is that a price drop may begin next year, but spot bitcoin ETF will not let that happen if it is approved early next year. But if not early approved and there is a small drop, bitcoin halving will come and that would lead to a significant bull run.

Federal agencies are like dinosaurs when it comes to making decisions, so don't be surprised when they move very slowly with the approval process. Also, the SEC is not in a rush to approve any Bitcoin ETF, so all this price rising and hype surrounding ETFs is premature, and it will potentially cause a bunch of mini-hikes and mini-dips for the next year (or at least several months).

_act_

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Quote from: Iamcrypticguy on October 26, 2023, 03:46:47 AM

Why are u expecting a drop next year?

What I meant is that a price drop may begin early next year, but spot bitcoin ETF will not let that happen if it is approved early next year. But if not early approved and there is a small drop, bitcoin halving will come and that would lead to a significant bull run. The fall I am talking about is before halving but which bitcoin spot ETF may not let happy.

Topic: Bull season started? - page 10. (Read 1158 times)