It is not a real bull run but a trap set by the whales to lure in more retail investors because the sentiments of the market have not been very positive recently, and people were not investing in the BTC because of the bear pattern. With this price pump, everyone is now looking to invest because they think it is the start of a bull run, and this will be the chance to make more profit in the short term.
The price will go up toward $40k so that whales empty their bags and trap retail investors. The price will dip in the coming few weeks, and the chances are that we might see a sub $20k before the next bull run. Panic selling will trigger this downward trend, and this will continue until we hit the real bottom.
Topic: Can it be real bull or just a temptation. - page 4. (Read 707 times)
On my social media, many folks are suggesting that this is just a temporary phase. Even after the DTCC delisted the IBTC ticker, observers started speculating about a bounce-back. However, I, personally, assume that the support level at $32k will be more robust, and as such, we should have already left the $25k-$30k price range and are now focusing on the $30k-$35k range.
Bitcoin ETFs are currently making waves in our national media discussions. It seems that everyone is being reminded of the presence of BTC in motion, and all eyes must remain fixated on it. I hope the price can hold steady here while we await the SEC's decision. A positive verdict could trigger a bull run leading up to the new year, while a rejection might only delay the bullish moment.
Bitcoin ETFs are currently making waves in our national media discussions. It seems that everyone is being reminded of the presence of BTC in motion, and all eyes must remain fixated on it. I hope the price can hold steady here while we await the SEC's decision. A positive verdict could trigger a bull run leading up to the new year, while a rejection might only delay the bullish moment.
There is no basis for assuming that Bitcoin should not be below $30k by now. Until there is news or a new development, Bitcoin can be anywhere the forces of demand and supply takes it to.
I don't consider the recent gains enough reason to conclude we are in bull run as the market is still undecided on where it is going.
I don't consider the recent gains enough reason to conclude we are in bull run as the market is still undecided on where it is going.
It's not pure supply and demand, there are a lot of different factors. For example for miners Bitcoin has a mining cost. That's why Bitcoin is always priced above a certain level to be profitable.
Bitcoin was undervalued in 2Xk. This rise isn't surprising. Pricing started before ETF claims became reality. Anything is possible but we are unlikely to see 20k levels again.
everything that looks good in this world is just a temptation but if you think the Bitcoin price can rise in the next year or next month don't ask just buy. because there will be a moment when you will sit in the dark like I do and talk why I dont buy at the first place and lot of goin on in my head.
In the past history, October is the best month and we actually can see now, while november is 50.50 sometimes is bull sometimes dont but after 27% percent up by this month we migh see little bit of correction unless there is good news to come
In the past history, October is the best month and we actually can see now, while november is 50.50 sometimes is bull sometimes dont but after 27% percent up by this month we migh see little bit of correction unless there is good news to come
I didn't expect Bitcoin could stick with the price range of $29-30k even though it should've been a fake bull due to the fact that the news about Bitcoin ETF that came out was a fake one. But Bitcoin is Bitcoin and I think many investors are now stuck after buying at the previous hype so they'd better just stay and wait for another bull to come which I do believe will not be long.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
It's the normal economics of Bitcoin, we have bull and bear cycle, and even if we are technically in the bear cycle, we will see some rally and that's what we are seeing. And yes, it was because of the cointelegraph news that pushes us to $30k and then in the last 48 hours the news that it was listed on Nasdaq that really pushed the price again.
20% in the last 2 days, that is already huge jump and I think this is the first time this year that we have seen $33k-$34k. But still though, we shouldn't get excited with this, this is just a small jump, so don't be tempted to sell. This is just the start and the bull run that we should be expecting is next year, after the block halving. So patience is needed and just continue to accumulate as much as we can at this price. This is still a very discounted price.
It was a great surprised to me this morning seeing the market price increasing above $29k that made me to asked this question, if it's real for bull market to happen in this month of October or is just a temptation that will make people to release their BTC to the market before the massive bull will take place. If the price of BTC can reach this level $29k at this time, show that real bull will take place next month of November till next year ending for investors to use the period to earn more incomes from their investment and to plan well ahead of another bear to come. If this new increase turn to temptation in the crypto market by turning back to dumping again which are some of the things investors don't want to experience in this season because, it will cause Many losses to investors. Do you think this is a real bull that will lead to investors expectation? Or is just a temptation that will make people to rush to the market to sell and regret at the end? What is your opinion.
Depends on what you are really that aiming into with your Bitcoin investment or crypto portforlio.If you are that someone whose really that longing for years hold then these kind of prices wont really be affecting you that much. Any price could really be your entry price and making some DCA if needed but if you are that someone who do really make out those active trades then it would really be just that right that you should really be mindful in regards with your price entries on which it would really be that so normal that these movement of prices could really stir up your mind whether you should be holding your position or would be taking up some actionwhether you would really be buying or selling then it would really be that according into your own preference and on how you do handle yourself within this volatile market.
Temptation? Possible
Bull run? Not likely
We arent still on a bull run yet, come to think that halving event is still on next year and basing up or looking into previous bull runs then it would really be usually
playing out on after halving event of Bitcoin and might take several months before it would be kicking in. These pumps are really just that to those like
ordinary days which its not really that shocking.
I didn't expect Bitcoin could stick with the price range of $29-30k even though it should've been a fake bull due to the fact that the news about Bitcoin ETF that came out was a fake one. But Bitcoin is Bitcoin and I think many investors are now stuck after buying at the previous hype so they'd better just stay and wait for another bull to come which I do believe will not be long.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
I do believe there will be a correction before the halving but before that, the market will make many investors overconfident that it won't make any correction before the rally. This is what whales do and they will do that so that new investors can open their long positions around this level or higher so that they can liquidate those positions before the final rally. This will also create panic among the long term holders.
If you are surprised at the current Bitcoin market, it then means that you still have not spent a good time in Bitcoin because many of us who have been familiar with Bitcoin for a while now are already used to this kind of market movement and will always take advantage of the market if only you have bought Bitcoin when the price touched its lowest level of $15,000 to $20,000 a few months back.
For as much as it is relevant to our current discussion to mention the bitcoin price break out, same it is also to point out the many advantages of the current market situation.
For as much as it is relevant to our current discussion to mention the bitcoin price break out, same it is also to point out the many advantages of the current market situation.
Quote from: EFS
The rise in the last week was really good, but this is where Bitcoin should be anyway. Bitcoin should no longer remain below $30K.
The price of BTC has shifted to $35k few hours ago to make hodlers to think twice before they can supply their BTC to the market because, it look like the real bull will start this month for those waiting for $40 to appear to get ready to earn from their investment before the big bull run will start fully from the month of December. Due to the stage the price is now show that bear market will come to an end in this month of October because, the sign has already everywhere in the market for hodlers to fully prepare for this awaiting bull to occur.Quote
For now, these are just little excitements. When we are really in the bull season you don't ask this, you already feel it.
If the price of BTC can reach $50k before the end of this year, I think that is a big bull run to hodlers like us because, that is my expectations before I can sell the little ones I bought when the price was low, and I believe it will help me to earn what I have never earn from complete two years. I know that this massive bull run is no longer far from hodlers, and it will surely occur soon for the smile of hodlers to increase higher in the community.
I didn't expect Bitcoin could stick with the price range of $29-30k even though it should've been a fake bull due to the fact that the news about Bitcoin ETF that came out was a fake one. But Bitcoin is Bitcoin and I think many investors are now stuck after buying at the previous hype so they'd better just stay and wait for another bull to come which I do believe will not be long.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
I mean looking at the current situation, it is hard to say that it was a fake bull run, it looks like it's a real thing. I understand the logic and it has happened before where it went up just a bit and then it went down and proven to be a fake run to manipulate people.It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
However, when you look at this one it looks like it's a good one and not really a bad one, it looks like a real bull run because we have seen over 30k already. That doesn't mean that we are not going to end up with a bad one, and that just doesn't feel like it can't be all that weird, I feel like that could be something that would end up with a result that could be a bit different. I get it, I get that it may not end up with something that is like never going to go down. We could see the price go down from here as well, we just need to give it some time and it could actually end up with dropping in value and we could see it reach to under 28k again but I doubt that it is going to happen.
I didn't expect Bitcoin could stick with the price range of $29-30k even though it should've been a fake bull due to the fact that the news about Bitcoin ETF that came out was a fake one. But Bitcoin is Bitcoin and I think many investors are now stuck after buying at the previous hype so they'd better just stay and wait for another bull to come which I do believe will not be long.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
It's not temptation, it's expectation. When the approval of Bitcoin ETF comes combined with the upcoming halving, there's a chance the value will really grow and there's no stopping it after that. I mean, we might not see a chance to buy Bitcoin at a cheaper price again because they can start trading it in the live market. So, it would be better to do it now than regret it later and I guess this is the reason why the demand is still high despite the fake news that was committed by a known cryptocurrency news website.
There is no basis for assuming that Bitcoin should not be below $30k by now. Until there is news or a new development, Bitcoin can be anywhere the forces of demand and supply takes it to.
I don't consider the recent gains enough reason to conclude we are in bull run as the market is still undecided on where it is going.
Today the direction of Bitcoin's price movement is starting to become clearer as it continues to rise towards $31K, and there are probably many people who are excited enough to see and welcome this in October which is only a week away. This morning I was also quite surprised to see the continued increase in Bitcoin and it is very possible that this is starting to be influenced by the level of demand and supply as well as the good news that has appeared this month. So this price increase is quite a positive thing for Bitcoin and everyone who is waiting for it this year.I don't consider the recent gains enough reason to conclude we are in bull run as the market is still undecided on where it is going.
I feel like we are not in bull cycle yet, its more like reaction to very long bear trend that moved price around 30k levels. Anyways hype about etf helped it a lot too even if it was unrealistic. I made a little mistake sadly by selling some of my Bitcoin around 27-28k levels with very small rally couple of weeks ago. I think we should not expecting anything around 20k anymore. 25k is bottom until halving starts. Things will get very cool right before halving.
Agreed, the reaction of long term price movement within specific range have supported the market turn bullish. We don't know how long it moves forward. Now close to the $30k range, and I expect the market to get stagnant around this range for some time period before crossing the $30k barrier. Further it could reach $32k-$34k. As said this isn't part of the halving growth and we can find it a chance to make some earning out of the fluctuation. We can expect large scale fluctuation these days as the market keeps moving between ranges to cross barrier and price corrections too can be expected.t says that the Bitcoin range under which it should or can reach is $32k, which is not bad, what I want is for it to rise above the $30k threshold because staying at $30k would be crazy, because It is easy for it to go down, I would like it to consolidate higher, for example at $35k because it may be that in December it will reach $40k and for it to close at that price it would not be bad, because I am one of those who believe that it can reach 100 thousand USD at any time, it may be that now with what is happening with the ETFs, more price can be generated and I have been seeing in the news that every time that bitcoin is working, the adoption that is being presented worldwide .
I feel like we are not in bull cycle yet, its more like reaction to very long bear trend that moved price around 30k levels. Anyways hype about etf helped it a lot too even if it was unrealistic. I made a little mistake sadly by selling some of my Bitcoin around 27-28k levels with very small rally couple of weeks ago. I think we should not expecting anything around 20k anymore. 25k is bottom until halving starts. Things will get very cool right before halving.
Agreed, the reaction of long term price movement within specific range have supported the market turn bullish. We don't know how long it moves forward. Now close to the $30k range, and I expect the market to get stagnant around this range for some time period before crossing the $30k barrier. Further it could reach $32k-$34k. As said this isn't part of the halving growth and we can find it a chance to make some earning out of the fluctuation. We can expect large scale fluctuation these days as the market keeps moving between ranges to cross barrier and price corrections too can be expected. 
The rise in the last week was really good, but this is where Bitcoin should be anyway. Bitcoin should no longer remain below $30K. I don't think the big bull run start yet, it was just a %10 rise. I feel like we won't see a real bull season for at least one more year. Things will be interesting after next Summer. For now, these are just little excitements. When we are really in the bull season you don't ask this, you already feel it.
There is no basis for assuming that Bitcoin should not be below $30k by now. Until there is news or a new development, Bitcoin can be anywhere the forces of demand and supply takes it to. I don't consider the recent gains enough reason to conclude we are in bull run as the market is still undecided on where it is going.
I feel like we are not in bull cycle yet, its more like reaction to very long bear trend that moved price around 30k levels. Anyways hype about etf helped it a lot too even if it was unrealistic. I made a little mistake sadly by selling some of my Bitcoin around 27-28k levels with very small rally couple of weeks ago. I think we should not expecting anything around 20k anymore. 25k is bottom until halving starts. Things will get very cool right before halving.
Are you a trader? If not, I guess you're looking to sell your bitcoins and think bitcoins will correct so you can buy them back. The plan is quite good but unfortunately bitcoin is still rising to $30k and I believe it can go much further before a correction occurs.
Yes, if someone is still waiting for $20k they should change their plans. I still believe bitcoin has a few corrections left before the halving happens, but perhaps $25k is the final destination, nor do I believe there will be another dump that will take bitcoin down to $20k.
I feel like we are not in bull cycle yet, its more like reaction to very long bear trend that moved price around 30k levels. Anyways hype about etf helped it a lot too even if it was unrealistic. I made a little mistake sadly by selling some of my Bitcoin around 27-28k levels with very small rally couple of weeks ago. I think we should not expecting anything around 20k anymore. 25k is bottom until halving starts. Things will get very cool right before halving.
[...] It's just breaking the sideward movement quickly but we're still generally moving within the boring price range.
Indeed, we're still within the price range of $25k to $30k, and this level of resistance has persisted for several months. There's still a possibility of the SEC delaying decisions on several proposed Bitcoin ETFs. So, it wouldn't be surprising if the price revisits the support level in the near future.Everyone anticipates a bull run after the halving. But in my view, it could happen sooner than expected if the SEC confirms and announces acceptance of the Bitcoin ETF proposals earlier.
This is what I'm also saying in another thread. The real bull run will probably happen after the halving. The peak of which may be several months or even a year or more later. But if the SEC approves the Bitcoin spot ETF applications of several financial giants like BlackRock or Ark Invest prior to the halving, I think the bull run as well as its peak or a new ATH will come much earlier.
The rise in the last week was really good, but this is where Bitcoin should be anyway. Bitcoin should no longer remain below $30K. I don't think the big bull run start yet, it was just a %10 rise. I feel like we won't see a real bull season for at least one more year. Things will be interesting after next Summer. For now, these are just little excitements. When we are really in the bull season you don't ask this, you already feel it.
Do you consider the same thing that I mentioned above? After all, the final deadline of the approval of the ETF applications is not later than one year from now.
We've also been given a sneak peek of what's to happen when a Bitcoin spot ETF is approved when the fake news came out. It was a mere rumor, unconfirmed, and later on verified as fake news, but the price suddenly spiked as a reaction to that.
[...] It's just breaking the sideward movement quickly but we're still generally moving within the boring price range.
Indeed, we're still within the price range of $25k to $30k, and this level of resistance has persisted for several months. There's still a possibility of the SEC delaying decisions on several proposed Bitcoin ETFs. So, it wouldn't be surprising if the price revisits the support level in the near future.Everyone anticipates a bull run after the halving. But in my view, it could happen sooner than expected if the SEC confirms and announces acceptance of the Bitcoin ETF proposals earlier.
For the short term, I remain calm. After all, the Bitcoin price is bound to experience a bullish phase eventually. It's merely a matter of time and exercising patience in holding onto the Bitcoin we possess.
The rise in the last week was really good, but this is where Bitcoin should be anyway. Bitcoin should no longer remain below $30K. I don't think the big bull run start yet, it was just a %10 rise. I feel like we won't see a real bull season for at least one more year. Things will be interesting after next Summer. For now, these are just little excitements. When we are really in the bull season you don't ask this, you already feel it.
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