Bull season started? - page 8. | Bitcointalksearch.org

AmoreJaz

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Quote from: bestcoins1 on October 28, 2023, 01:44:16 PM

Quote from: fzkto on October 28, 2023, 11:58:49 AM

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

Now the price of Bitcoin is still at $34K and I also hope that next week there can be another increase so that people can continue to be enthusiastic about buying and holding it in the long term. Because when there is a price spike with market conditions continuing to improve, of course there will be an intention for many people to take advantage of this condition, although on the one hand some people may feel regret because they are too late to take advantage of the moment when prices fall or before the price increase occurs.

i understand people are getting positive vibes these days but should be conservative with their estimates. also, don't stake all your savings because this market is still very volatile. you should have contingencies in every step you will take on this market so you won't get screwed by your impulses.
and such feeling of being left behind will always be there. so either people will take action right now, or wait for another opportunity.

jeraldskie11

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Quote from: fzkto on October 28, 2023, 11:58:49 AM

Quote from: 348Judah on October 28, 2023, 06:47:36 AM

Quote from: jeraldskie11 on October 27, 2023, 09:30:41 AM

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

There have been strong resistance in maintaining nothing below $34,000 though the market earlier yesterday went down a little bit to 33,700 or so, yet it still bounce back to where it belongs in favour of the bull, this is a strong feelings that we are likely to experience more of bull this present time than ever before that bear market have been prevailing, the end of this month will justifies the means but we are more likely to go higher than expected as some already predicted $38,000 sooner as the month round up.

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

The chart contains multiple zones of resistance that must be get past. And if the resistance is broken, it will become support, indicating the likely next direction of Bitcoin's price. As you can see, the current price is consolidating, which means that there isn't enough demand to push the price higher. As a result, it has a strong possibility of falling in order to generate enough demand to send the price higher and break the weak high or swing high. The market does not constantly rise since there are always a sellers.

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

First off we have 5 players.
1) fomo chaser
2) Dca and hodl
3) buy the dip and hodl
4) day trader
5) miner

1) If you are a fomo chaser you are in after and above 50k so you are in bear but a hopeful bear.
2) If you are a dca and hodl this is bull I believe any date you picked ever and do a weekly buy you are ahead so bull.
3) buy the dip and hodl you got in at 18k or 16k this is bull
4) day trader clueless crazed and impossible to tell what it is for them
5) miner has subsets depends on power and infrastructure cost. I call this a relief rally for most miners.

so 2 bulls
and 1 bear
with 1 you never can tell
and 1 hopefully relieved

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Quote from: fzkto on October 28, 2023, 11:58:49 AM

Quote from: 348Judah on October 28, 2023, 06:47:36 AM

-snip-

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

The $32K resistance seemed hard to break during the recovery phase since the start of this year - but now that $32K has been broken, the price has even reached $35K in the previous few days. Currently the price of bitcoin is trading in the $33.5K to $34.5K area - a bit sideways, but there are certainly high hopes of breaking $35K again before the month is out. About $40K is still possible to test - but I think it's worth seeing if bitcoin is able to surpass $35K again, if it can then the next $40K has a big chance.

bestcoins1

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Quote from: fzkto on October 28, 2023, 11:58:49 AM

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

Now the price of Bitcoin is still at $34K and I also hope that next week there can be another increase so that people can continue to be enthusiastic about buying and holding it in the long term. Because when there is a price spike with market conditions continuing to improve, of course there will be an intention for many people to take advantage of this condition, although on the one hand some people may feel regret because they are too late to take advantage of the moment when prices fall or before the price increase occurs.

Sanitough

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Quote from: serjent05 on October 27, 2023, 05:45:54 PM

I think it is too early to say that Bull season has started. The market could have been in a temporary bullish sentiment because of the bitcoin rally. This may be a relief rally before the halving and Bitcoin price history that October had been a good month for Bitcoin.

There is also not enough good news to maintain the current price and if there is no new releases of good news, then it is possible that the Bitcoin market will move sideway again while slowly correcting itself.

We can only say that the bullish market is here to stay when the market is full of positive news, but it seems no big news are up in the market except for the expected bitcoin etf approval that will happen early next year. And while it’s not happening yet, then it’s not impossible that the market will be tested more and may experience a roller coaster ride before bitcoin halving will se to happen. Although it’s safe to stay optimistic on the market, but sometimes with unexpected news that suddenly hit and affect the market, we get bothered that some beginners end up panicking and sell their coins earlier before the real bull run happens.

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

I've been keeping an eye on the Bitcoin market, and it's been a fascinating journey. In my opinion, the current spike to $35k could have been impacted by past October trends, but it's difficult to say for sure. Aside from that, the bitcoin ETF is still pending approval. So it will be risky to invest in BTC. However, I'm far from this risk and am also growing my portfolio with my current BTC by using the Bitget SHARK FIN product. It is a low-risk and capital-guaranteed structured investment product that allows you to earn in this bear market without losing your money.

You don't have to start doing many things like imagining that it can go up now or go down now, it is normal that if the price of bitcoin rises to $35k or more it can take a turn back to gain momentum, just as it can go up to $40k Since the week before last I have said that the price would rise , but for me it can rise to $40k and stabilize there for a while, because investors are believing more and they know that the reasons are the impulse to buy bitcoin, and that is why it is Now, despite all the reasons that the war has been reinforced because the fear of investors is growing, it is difficult, I Understand , to put money there with the threats because it is not easy at all , but it is Bitcoin.

fzkto

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Quote from: 348Judah on October 28, 2023, 06:47:36 AM

Quote from: jeraldskie11 on October 27, 2023, 09:30:41 AM

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

There have been strong resistance in maintaining nothing below $34,000 though the market earlier yesterday went down a little bit to 33,700 or so, yet it still bounce back to where it belongs in favour of the bull, this is a strong feelings that we are likely to experience more of bull this present time than ever before that bear market have been prevailing, the end of this month will justifies the means but we are more likely to go higher than expected as some already predicted $38,000 sooner as the month round up.

It seems to me that the main resistance was the area of 32-33k, which was broken. Now the main thing is that it should become a support and then the growth should continue. We will have to see what the next week will be like and the new month will start.

rhomelmabini

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

I think we will experience first the "disbelief" stage before we go to the real bull run or maybe wait until post halving because this has always been the case. I still believe as well that there will be a retest on previous supports and don't need to FOMO because there are lot of posting their own gains.

348Judah

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Quote from: jeraldskie11 on October 27, 2023, 09:30:41 AM

In my opinion, the bullish market is already started. The market is creating higher highs and lows, meaning the buyers are in-control. It's hard to believe that today we were in the bullish market because the market didn't go the way they used to be. I think this is what the market really do because there are so much resistance above unlike before that the upward momentum is so strong since there is no visible resistance above. Maybe if the market reach or break its ATH price, the bullish season we used to before will happen.

There have been strong resistance in maintaining nothing below $34,000 though the market earlier yesterday went down a little bit to 33,700 or so, yet it still bounce back to where it belongs in favour of the bull, this is a strong feelings that we are likely to experience more of bull this present time than ever before that bear market have been prevailing, the end of this month will justifies the means but we are more likely to go higher than expected as some already predicted $38,000 sooner as the month round up.

Mauser

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

I am really surprised by the recent price jump in the bitcoin market. The world is still in such a dark place with the Israel war now, high inflation rates, sluggish economic growth by many developed countries and worsening demographic factors. Many stock indices around the world where dropping in value, while at the same time the bitcoin price rallied. It's nice to see that the crypto market can withstand the shocks in other asset classes. I just worry a bit how long this is going to continue and how next year is going to turn out. With the halving coming up in 2024, I think that there is a lot of pressure on bitcoin to rise even further. Such high expectations can lead to unsatisfied investors that might sell their coins and push prices down again. Let's hope the prices don't rise to quickly again as this could also trigger another sell off.

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Quote from: cheezcarls on October 27, 2023, 09:36:38 AM

Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

Even that we are on a market rally, I do not think I am confident that this is already the start of the bull season. Probably the bulls are just warming up as I can see this is some sort of a bull trap.

Only Newbie that will listen about this time is Bullrun because we as witnessed
of the past bull market , we have seen and understand that there are certain increase in market before the bull market
happened and soon will be followed by Bear market and really hard dumping happens before hand.

Quote

But the good thing is that the price stays within the range of $33.8k to $34.2k as of this time of writing.

well we are near closing October so usually time lime this are the one who will start
the small drops and then by December will followed by good pump before the end of the month stars its bear before
halving.

Quote

We also have to be prepared for some black swans to come in like there is a recent news about $4.55 billion worth of BTC and ETH options that is set to expire today.

That sounds bearish to me and might be going for a short position, but time will tell and we will see how long we could hang on to this price range.

that is a huge expiration so bearish is coming any time very soon then?
its good that I am ready for this kind of market changing as I still have good chunk in my holding.

Fundamentals Of

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No, this isn't the bull season yet. This is just a quick rise due to certain factors that are not even enough to start a sustainable bull run. The listing of IBTC, BlackRock's Bitcoin spot ETF ticker, on the website of DTCC caused a lot of hype and FOMO. That probably was the main reason why the price of Bitcoin recently jumped to $35,000.

But that was not really a big thing. It wasn't comparable to an approval of Bitcoin spot ETF. It wasn't comparable to the effects of the upcoming halving. These two are the biggest reasons so far for a bull season. And they have yet to happen.

serjent05

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I think it is too early to say that Bull season has started. The market could have been in a temporary bullish sentiment because of the bitcoin rally. This may be a relief rally before the halving and Bitcoin price history that October had been a good month for Bitcoin.

There is also not enough good news to maintain the current price and if there is no new releases of good news, then it is possible that the Bitcoin market will move sideway again while slowly correcting itself.

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

For first timers, this could be their own perception being in a bullish season. But its not actually it is. There's more to bullish season than we can expect more than this. You will only see that the bull season has started when everything in the market is in its best position which means all coins are at its best price ever and that price increase will certainly happen consistently and not just temporary. But its not how the market looks today. Bitcoin is increasing yet majority of the coins are still at its loss prices. The reason why bull run is not here yet, but it will probably be here after bitcoin halving happens.

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Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

Are we expecting an early bull season just because there is a sudden price surge for bitcoin? For me, this is not enough reason, but I can see that this is just part of market price correction as there are really times that bitcoin price will suddenly surge high but after that, it will eventually drop low again and stay in its original price. And I know it's happening right now since bitcoin is currently priced at $33k.

However, even if the market goes suddenly bullish or bearish, I think we don't hold the market as to how it behaves. The important thing is we try to grab opportunities to invest in bitcoin when the price is given us chances to invest before its price will ultimately reach its new all time high.

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Quote from: Vaculin on October 27, 2023, 12:22:47 PM

Quote from: Iamcrypticguy on October 26, 2023, 02:38:01 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?"

Bitcoin is currently priced at $33k so there was a price setback that happened, which means we are not yet in a state of bull run since the price is not seen to be in a consistent price surge. More or less a price correction is what we are seeing at the moment. Regardless of any reason, either it's the fake etf approval or whatsoever, we can only see and felt if bull run is already here when majority of the crypto coins are in a good position. But for now, I don't see it happening yet.

However, this also gives us more opportunity to invest and prepare our portfolio knowing we are not yet in a bull run. It could be more pleasing for our eyes if bitcoin price will drop even more as it would encourage everyone to buy more bitcoin in preparation for the next year's big event the bitcoin halving. Surely after that, the real bull run is set to happen.

Corrections or pullbacks do normally happen and yet it wont really be called a market if it wasnt really having that kind of behavior or simply we are really just that heading on one path.
Bull run season started? This would be always the normal line on which people would really be saying on which they are really that indeed believing that this is really the start of the bull run on which the price of Bitcoin did make out some movement from 26k to 35k in a short span of time without even trying out to realize that this kind of movements arent something that needs to be shocked on.
We've seen on how this market did make out huge movement in the past but it doesnt automatically indicates that we are on a bull run season.

The current movements cant really be denied to be that impressive on which it would really be normally be giving out that kind of impression that it might be the start of bull run but actually it isnt
yet. Come to think that we arent that past halving season of BTC on which this had been always the main catalyst or reason for us to assume that anytime bull run would kick in
but for now then it is really just that some significant pump but its not BR yet.

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Quote from: Porfirii on October 27, 2023, 01:14:58 PM

Quote from: ShowOff on October 27, 2023, 12:57:40 PM

Quote from: Ayers on October 27, 2023, 08:34:02 AM

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

To me, halving is not so far away, and I have been waiting for a slight rise in price for the last few months (I'm more optimistic than Kelvinid and expect the rise to start before and not after the event).

Yes, it's around the corner now, although it is still next year, but days flies so fast that we need to be ready by the halving time. So accumulate as many as we can so that we will be ready when the halving comes. And there should be no regrets whatsoever that he missed it because we still have time to buy cheap bitcoin as the current price.

Quote from: Porfirii on October 27, 2023, 01:14:58 PM

It feels a bit different this time and I agree with ShowOff that, after having broken the 30K resistance again, I don't expect it to go below that point. Well, I didn't expect it the last time either, but halving is just a few months ahead, and IMO more and more people will be afraid of missing the train. At this stage there shouldn't be so many week hands left.

We never anticipated that the price will go up, and what will be the most likely source (fake cointelegraph news), to $30k. And then we have the ticker for Bitcoin Spot ETF and we thought that it has been approved already, so another fake news push the price to $35k. But the good thing is that there are no sudden sell off in the market even if we have realized what is the cause of the sudden spike. Price remain at $33k which is very good and just shows that we are in the bullish short term.

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Quote from: ShowOff on October 27, 2023, 12:57:40 PM

Quote from: Ayers on October 27, 2023, 08:34:02 AM

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

To me, halving is not so far away, and I have been waiting for a slight rise in price for the last few months (I'm more optimistic than Kelvinid and expect the rise to start before and not after the event).

It feels a bit different this time and I agree with ShowOff that, after having broken the 30K resistance again, I don't expect it to go below that point. Well, I didn't expect it the last time either, but halving is just a few months ahead, and IMO more and more people will be afraid of missing the train. At this stage there shouldn't be so many week hands left.

ShowOff

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Quote from: Ayers on October 27, 2023, 08:34:02 AM

Quote from: ShowOff on October 26, 2023, 10:11:06 AM

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Or the opposite can also happen, those who miss the opportunity to buy at 15k-25k will have to buy at a higher price because they are worried that they will once again miss the upcoming train. Some of my friends didn't buy bitcoin last year when it was at 15k-17k and as far as I know, they also just bought bitcoin when it passed 30k$ for fear of continuing to miss out. People who are always hesitant and waiting for lower prices will never buy bitcoin or will have to buy at a higher price than us Wink

.

Of course, some people are so afraid of buying during a correction because they think it's the quickest way to lose. If they understood the strategy well, then they should have been able to buy with DCA but unfortunately they missed this good opportunity. Then they buy at $30k, that's because of FOMO, but DCA's strategy should still be able to help them and that is still also useful.

I tend to recommend DCA instead of a lump sum at any price, it's the best way to invest so they can get a lower average price. Corrections are always possible, so they can still buy with the remaining budget if they use DCA as their strategy.

Quote from: Ayers on October 27, 2023, 08:34:02 AM

I also believe that there won't be any more major corrections, but the halving and bull season are still quite far away, and I think there will be many shakes in the market to shake off the last weak hands.

We never know what will happen next, but I agree that most of us have probably believed that a major correction will not repeat itself for the rest of the year. I expect bitcoin to maintain its price above $30k until the end of the year and it will be even stronger if during November $40k is tested.

Topic: Bull season started? - page 8. (Read 1208 times)