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Topic: Bull season started? - page 9. (Read 1208 times)

hero member
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Winding down.
October 27, 2023, 12:22:47 PM
#48
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.
hero member
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October 27, 2023, 11:37:22 AM
#47
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.
I cannot agree as well that what we are seeing is the start of the bull run. As far as I remember, we are preparing our investments for the upcoming bitcoin halving which after that event, bull run is expected to start. So the bull run could still be possible by next year. However, as the market is also unpredictable, then we don't also hold what lies for bitcoin days and months from now. Bull run could be earlier than our expectations, who knows.

But I also have feeling that what we are seeing today is just a temporary price increase due to fake etf approval and after this, we might witness another price correction that could make the market look bearish again until the bitcoin halving event happens.
hero member
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October 27, 2023, 10:03:35 AM
#46
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.
I would say that some people already too late and that is the one regret they probably have. I have bought bitcoin all the way before it hit 20k, of course I bought it when it was over too ,but buying under 20k was the smartest thing I did for a long time. That is how it looked, we are more than double the bottom right now and people should realize how great this is. Why people got worried about it is still beyond me.

I understand it may still fall don't get me wrong, but just because it could go down doesn't mean that it will, it just means that we are going to end up with different results all the way down. I think we need to have some sort of belief in bitcoin that it will do better in order for us to see it grow bigger before it happens.
Even though they are late, they still have time to buy Bitcoin, especially since the price is currently experiencing a correction. But if they don't immediately decide to buy Bitcoin and still delay it, they could really be late in buying Bitcoin. Prices above $30k are still low, considering Bitcoin's last ATH was at $60k.

Bitcoin can reach the final ATH price when the bull market comes. And many analysts speculate that Bitcoin's price may reach above $100k. With the opportunities that still exist, they should be able to use them to buy Bitcoin. And as long as the price stays under $50k, it's still a great buy.

And if they are still given the opportunity to see the price of Bitcoin fall even further than its current price, they don't need to delay it any longer. After all, they can purchase using the DCA method. So like I said, the bull market hasn't fully arrived yet. Current market conditions are trying to get a price reversal. So stay patient and wait for the price to reach $60k before the bull market will come in full force.
hero member
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October 27, 2023, 09:36:38 AM
#45
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.

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

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.
sr. member
Activity: 1316
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October 27, 2023, 09:30:41 AM
#44
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.
legendary
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October 27, 2023, 08:34:02 AM
#43

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.

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 Wink.

Quote
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.
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.
legendary
Activity: 2436
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October 27, 2023, 08:06:27 AM
#42
For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.
truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.
While seeing the price of Bitcoin surge to $30k, most of us think that is a sign that the bull season is coming.
Indeed, it was not surprising but yes, it is pretty early to say because our mind has already been closed as we are expecting and assuming that the bull season will start after halving. Well, that is somewhat to say that we can't be sure that everything that happened in the past still be the same as this year and in the coming years -I'd never taught like that. With these FUDs, news, and social media influence, we can expect changes rather than seeing the same.


I am generally very worried about current market emotions from people. If this war true bull market we would see huge moves upwards not only from Bitcoin also from Ethereum. Bull market generally hits when noone is expecting it at all. That's why I prefer to stay cautious. At least %50 of coiners telling around that we started bull season. That's only reason why I believe we actually didn't. Newbies are always repetitive with their takes on crypto markets.
sr. member
Activity: 2828
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win lambo...
October 27, 2023, 07:41:26 AM
#41
For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.
truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.
While seeing the price of Bitcoin surge to $30k, most of us think that is a sign that the bull season is coming.
Indeed, it was not surprising but yes, it is pretty early to say because our mind has already been closed as we are expecting and assuming that the bull season will start after halving. Well, that is somewhat to say that we can't be sure that everything that happened in the past still be the same as this year and in the coming years -I'd never taught like that. With these FUDs, news, and social media influence, we can expect changes rather than seeing the same.

full member
Activity: 2548
Merit: 217
October 27, 2023, 07:10:19 AM
#40
For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.
truly early , we still have Half year to have halving comes and also we still have to wait long before it took effect and may bring us Bull running .
like yours , I wish that bitcoin will not drop below 30k so people will not rush selling again for being panicking.
and also there are similar things from many years that October seems to be making this kind of growth , so be careful for November and of course December that also bringing good run for bitcoin.
legendary
Activity: 2506
Merit: 1394
October 27, 2023, 06:14:03 AM
#39
For me, it's still early to celebrate this time.
What I am looking forward to is we hold the $30,000 level until the end of this year, by that, I will be fully convinced that we are back, there could be new mini bull season plus the Bitcoin block halving is fast approaching and ETF deadlines next year.
hero member
Activity: 2576
Merit: 579
October 27, 2023, 03:21:02 AM
#38
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.
I also think that this has something to do with the ETF news, but I don't think that this price increase is based on manipulation because how can the price increase if there is no supply and demand occurring in the market for Bitcoin? So I just think logically that it arises due to the optimistic attitude of many people entering the market to create supply and demand which can cause a sharp increase in prices in a very short time. But if this is due to manipulation, how can the price increase in Bitcoin occur? In general, this price increase is really needed by many people during this time.
sr. member
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October 27, 2023, 02:02:40 AM
#37
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?"

With the current upturn of the market trend of BTC to the region of 35k in dollars, I have already resulted that I will only invest more in the Bitcoin for now and watch how far this will go higher than it is now. I have already built that emotional confidence for this period and due to the little research I have done, it can rise up to 40k dollars.

Right now, there's already a projection by the likes of Dan Tapiero suggesting that BTC will rise up to 45k dollars in the short term. This upward trend is expected to happen due to significant investment by major financial institutions and the launch of ETFs expected to happen by next year.
sr. member
Activity: 476
Merit: 307
October 27, 2023, 01:41:45 AM
#36
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?"
Not a bull season yet though this can be a good start, you can call this pump as a recovery pump and if we continue to see more green candles then we might enter into a real bull trend so let’s be more optimistic about it and hope that there will be no bull trap anymore. The market is rising, and the winter season is over for Bitcoin, let’s hope for the best and do the necessary action to enjoy this pump.
It is really a good sign as it has renewed optimism among Bitcoiners. With this development, many people who were doubting if we will ever see a bull market again are now having a rethink.

I don't really thinking we will see a bull market prior to the halving but we can see substantial increase in price that any retracement will still keep price above $30,000.

Another good thing about this rise in price is that those who already got in will be reluctant to sell because they've seen what gains they can make by holding.
hero member
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October 26, 2023, 06:40:40 PM
#35
Ticker removed and then put back. I guess with such, that only means that it's already a pre-approval if it's about the Bitcoin ETF. Likewise, it's not yet the bull run but just another push by what's happening in the market. This is what we get usually when there's not that move at all, it's either these institutions will do something to move it upwards or downwards. As we've seen, we like it when it moves upwards than downwards.

I expect we might see a small dip to a $30k region but don't think we'll see a low $20k before the bull run.
For Bitcoin to move to another rise and level of support, it has to come down a bit and I agree that we might see $20k again at least for this season.
legendary
Activity: 2436
Merit: 1561
October 26, 2023, 05:02:12 PM
#34
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 recent mini-rally to over $35k was likely news-related and was sparked by the appearance of BlackRock's spot ETF's ticker (iBTC) on the DTCC exchange, which people took as a sign of it being approved by SEC and rushed to buy before the official announcement is made. There were some weird things going on with that ticker, it got removed but brought back in.
I expect we might see a small dip to a $30k region but don't think we'll see a low $20k before the bull run.
I believe the price movement is broadly in line with previous cycles, so we might be climbing up from here all the way to the new ATH.
full member
Activity: 406
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October 26, 2023, 04:15:03 PM
#33
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?"

Since we don't know what will happen, we must be prepared for any situation. If the price drops, we will have an opportunity to buy and we need to evaluate it. We should not miss such opportunities. Even if the price continues to rise, it is necessary to jump on the train at some point.

I don't think we've entered bull season yet. We seem to be in the process of preparing for the bull season. We must follow every movement in the market and make the necessary investments. The bull season will come, but it is more important to enter the season with coins in hand.
sr. member
Activity: 2422
Merit: 357
October 26, 2023, 04:13:28 PM
#32
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?"
Not a bull season yet though this can be a good start, you can call this pump as a recovery pump and if we continue to see more green candles then we might enter into a real bull trend so let’s be more optimistic about it and hope that there will be no bull trap anymore. The market is rising, and the winter season is over for Bitcoin, let’s hope for the best and do the necessary action to enjoy this pump.
hero member
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October 26, 2023, 03:20:04 PM
#31
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?"

This is not a bull season definitely to be honest. This is just a price hike due to the traders keeping more demand to buy the coin. The traders know that the bull season is near, so definitely they are trying to buy the coins now in current price which is more cheaper than the actual worth of Bitcoins. As they are increasing the demand to accumulate the coins and we know that Bitcoins are limited in number, hence to fulfil the demand, this is a sudden price hike.
We can only conclude that a bull season is here if we are seeing majority of the coins are increasing their prices consistently, but we all know it's not happening yet so most probably we are just witnessing a temporary price hike that any time of the day we will again witness its price drop. And the fact that everyone is preparing for the nearly approaching bitcoin halving, the reason why majority are buying and stacking bitcoin into their portfolio which increases the demand and increases its value as well.

On the second thought, it's also possible that this could be about the potential spot etf approval. US investors are buying ahead of it which fuel the price of bitcoin to move up and create a significant price increase.
legendary
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October 26, 2023, 03:03:37 PM
#30
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I'm confused, which is why I'm here. What's your opinion, fellow traders?"

Who really knows where BTC is headed next? The crypto world is famously hard to predict.  This latest BTC jump is exciting to watch, but you just know there is gonna be some pullback before too long.  Trading in these conditions takes serious skill.  Some folks will scoop up coins on sale when prices dip, others will hang back till the coast looks clearer.  Being flexible is key now - dont go all in.  Being ready to change course quick when the markets get choppy and keep some some cash on the side just in case.
legendary
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October 26, 2023, 01:51:52 PM
#29
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.
I would say that some people already too late and that is the one regret they probably have. I have bought bitcoin all the way before it hit 20k, of course I bought it when it was over too ,but buying under 20k was the smartest thing I did for a long time. That is how it looked, we are more than double the bottom right now and people should realize how great this is. Why people got worried about it is still beyond me.

I understand it may still fall don't get me wrong, but just because it could go down doesn't mean that it will, it just means that we are going to end up with different results all the way down. I think we need to have some sort of belief in bitcoin that it will do better in order for us to see it grow bigger before it happens.
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