Can it be real bull or just a temptation. - page 5.

wxa7115

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

What we are seeing is a deep interest coming from a lot of market participants that is ready to explode at any moment, however the conditions for this to happen are still not there.

Because as the fake news about the ETF by BlackRock being approved demonstrates, once a strong positive news about this market appears the market will move upward at an impressive speed, but after such a misfire I am sure there are many investors that will become more cautious, and this may delay the appearance of a strong and sustained upward trend even further.

mirakal

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No bull run happening yet, but you better get yourself ready for the upcoming bull run. This small price movement is all thanks to some big news that resulted to this market sentiment, but if you're expecting a 'real bull' scenario with insane daily price hikes, we're not there yet. According to the stats, bull runs tend to kick off after a halving event, and that's 190 days away from now. So it's too early to jump to the conclusion that the bull run is here. Of course, trends can be deceptive because of the market's unpredictability. No one can truly predict, but the last three halvings followed the same pattern, so personally, I'm betting on the fourth one doing the same.

Just keep accumulating, the more you gather, the better your chances of enjoying the ride when the bull run finally shows up. Remember, for us to confidently say we're in a bull market, the price of Bitcoin has to break the current all-time high. Think about how much you'll have when that time comes if you keep stacking now.

Fundamentals Of

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Quote from: Poker Player on October 20, 2023, 11:57:37 PM

Quote from: Fundamentals Of on October 20, 2023, 10:37:52 PM

This is what Uptober is all about, but I don't interpret this as the real bull run, whatever that may mean to you. The stronger bull run has not yet started. I don't think it will come months prior to the halving in April next year.

That's exactly what I was commenting on in another thread, that I wouldn't call bull run moves up before passing $69K after the next halving. Although there could be exceptions this, as a clear and sustained up move before. Or even that you could pass that ATH before the halving, which I think very unlikely and would be unprecedented in bitcoin history. But what is clear is that these small upward movements are not the beginning of a bull run, no way.

I think it's either our overexcitement or impatience that interprets almost every relatively small upward movement as a bull run. The price of Bitcoin moves up and down every day. Sometimes the volatility level grows high that mere hours and days would see the price moving in several hundreds or a few thousands. Especially when it happens in the middle of boring weeks and months, people might interpret it as finally the bull run. It's just breaking the sideward movement quickly but we're still generally moving within the boring price range.

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Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

I think it's tempting to invest in bitcoin now that the price has increased and has been hovering around $27k–$30k for the past two days out of FOMO.

However, if someone does decide to enter the crypto market as a result of the current increase in bitcoin price, it's a good move because I tend to think that bitcoin will reach above $35k before the end of the year. The investor is still on the winning side of their bitcoin investment in this scenario.

If bitcoin manages to stay above the 30k level then it is a bullish sign for the market. The next target can be 40k if this really happens. The way the market is behaving, it looks like it is preparing for a bullish move but I still think there will be one last shake before the bull rally. This can be after a few months, but this should be before the bitcoin halving as many experts say.

KingsDen

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This happening now is very far from the bull run. But it is good to note that this upwards movement of bitcoin is giving us the assurance that bitcoin bull run will surely happen next year. The price increase we are seeing now is not supposed to be a suprise because it was long overdue to happen even towards the end of September.

Considering the news and the pattern of this movement, this price might remain bullish till the end of this October. This is a nice time for short term investors who entered at 25k to cash out. People who bought at the region of 15k still has a good opportunity to sell and maybe rebuy somewhere else to wait for the major bull run

Onyeeze

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I have not seen any signs of a bullrun this time, what I'm seeing is that the price of bitcoin is fluctuating and if bitcoin is increasing small small that means we are in a bullrun, like I was told that bitcoin price increased some hours and fall back so for it to increase and fall does not mean that bitcoin is in bullrun the way I'm seeing bitcoin..so bitcoin can be expected to be in a bullrun like next year due to the information we are gathering now, so I don't believe in such information but if bitcoin wants to increase I think more investors will come in to the industry

Franctoshi

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

Generally, We are not yet on the bull market but on the journey or the face of market recovery. However, you could say that based on the technical analysis perspective or point of view, the bulls are once again gaining control over the bears. The $29k- $30k resistance level the price kissed has been my target of the watch after we had the last price bleed down to $25k. The current price level is a very critical and decisive zone for the market "Bears/Bulls", as the price after reaching this zone has been rejected quite a number of times.

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Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

I think it's tempting to invest in bitcoin now that the price has increased and has been hovering around $27k–$30k for the past two days out of FOMO.

Forget about $27k for now, the game is between $29,000 and $30,000 and if we can maintain the $30,000 by next week then we should be aiming at being around $32,000 and so on, bitcoin cannot be predicted as it's moves in an irregular manner being a volatile currency.

Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

However, if someone does decide to enter the crypto market as a result of the current increase in bitcoin price, it's a good move because I tend to think that bitcoin will reach above $35k before the end of the year.

I expect you to say before the end of the month and not the year, with how far this is going, we are likely to have more than $50,000 by the end of the year or something very close to that.

Zanab247

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Quote from: JoyMarsha

However, if someone does decide to enter the crypto market as a result of the current increase in bitcoin price, it's a good move because I tend to think that bitcoin will reach above $35k before the end of the year. The investor is still on the winning side of their bitcoin investment in this scenario.

If the price continue increasing before the end of this month of October, show is not a temptation to investors than to get ready to welcome bull market that will cause long and short investors to win what they have never win before in their investment. I guess $45k is possible before the end of December because the green candle light is still stable in the crypto market, and it looks like something that will take some long period of time before it will allow red candle light to occur.

This is the best time to watch how the year is going to end up either bull or bear season because, the price of BTC has hit $30k few hours ago, which is not good for investors to buy BTC in this period than to continue holding the ones they have bought from the market to see what they will earn when the price hit their expectations.

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

Although there have been some suggestions that we will have a bull season before the halving because of news related to ETFs, I still believe that history will repeat itself. I mean, what's happening is just a temporary recovery, a normal market movement, it's not a sign that bull season has arrived. not to mention looking at the world economic situation, everything is still in an unstable state so I don't think the crypto market will be separated from the fluctuations of the world economy to surprise us.

rodskee

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Quote from: Fundamentals Of on October 20, 2023, 10:37:52 PM

This is what Uptober is all about, but I don't interpret this as the real bull run, whatever that may mean to you. The stronger bull run has not yet started. I don't think it will come months prior to the halving in April next year. I don't even think that this current rally will push Bitcoin's price past $30,000 and won't go back to that level anymore. Even if Bitcoin touches $30,000, I expect a correction right after that will bring back the price to around $28,000.

of course there is possibilities to reach and even climb up 30k mate because we also knew that mostly the last quarter are serving best result through out the years and even bullying before the year ends, but correct that this does not mean we will continues to experience this till halving next year because even me will not believe that.but maybe for some reason there will no more dumping to happen and bitcoin price will not subside to 20k or below again.maintaining this 30k and above till Halving will be the best goal for most of holder , but not for those who wanted to gather more because all they wanted is the price to drop back lower so they can accumulate more before the bull comes.hoping that everything will favor to all bitcoin supporters specially HODLERS.

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There is no need to be surprised by what happens to Bitcoin. If your target selling price is still far away, you don't need to react in any way to what is happening in the market. It is a good time to buy Bitcoin because the price has not risen too much.

This is a temptation for investors who do not have a strong hand in holding Bitcoin. They will think about selling their Bitcoin at the current price because the price is already higher than the purchase price. But investors who have strong hands will do nothing but just buy more Bitcoin. Their selling price target is still far away so they are still calm and even if the price falls again, they will be happy because they can buy Bitcoin at a lower price than now.

We must remember that although the price may now rise slightly, price corrections will come. Moreover, the market is now at the weekend, where price corrections usually come. So enjoy the current and next market conditions and make sure you buy more Bitcoin for real increases.

CageMabok

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Quote from: Fundamentals Of on October 20, 2023, 10:37:52 PM

This is what Uptober is all about, but I don't interpret this as the real bull run, whatever that may mean to you. The stronger bull run has not yet started. I don't think it will come months prior to the halving in April next year. I don't even think that this current rally will push Bitcoin's price past $30,000 and won't go back to that level anymore. Even if Bitcoin touches $30,000, I expect a correction right after that will bring back the price to around $28,000.

Now it seems to be starting to stay in a better price range, where the price of Bitcoin is starting to be between $29K to $30K. If this level can last for a long time or at least for this month, I am more confident that next month Bitcoin can find a new level by passing $30K. Although I also wouldn't call this a bullrun because Bitcoin still has to find a more appropriate moment for it to increase much more than now. But I also quite enjoy the current market conditions because the current conditions are much better than the market conditions in the previous month.

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Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

I think it's tempting to invest in bitcoin now that the price has increased and has been hovering around $27k–$30k for the past two days out of FOMO.

if tempting now hovering 27-30k then what more in the recent month when Bitcoin even drop to 25k ?
have not you decided to buy that time mate because I did purchase another chunks to my holding.

Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

However, if someone does decide to enter the crypto market as a result of the current increase in bitcoin price, it's a good move because I tend to think that bitcoin will reach above $35k before the end of the year. The investor is still on the winning side of their bitcoin investment in this scenario.

wrong perception , because if people only enters as the market are having increasing
then the chance for them to be trapped is there , remember that in this kind of time
there are more on trapping as it is not a legit growth , we are near the halving that we all knew before coming are dumping.
so how can you expect a high cause when its going to bear soon?

irhact

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

I got an alert of Bitcoin at $30,000 but the price has fall to below $30,000 again therefore I won't call what happened a bull market but it was a real pump that was due for the price of Bitcoin. October is always bullish for the price of Bitcoin and we can be expecting more from the market. More individuals are buying Bitcoin therefore we should be expecting more pumps but not a straight forward bull market. The bull market will start from next year as we get closer to halving. At this stage there shouldn't be any temptation to sell when Bitcoin rise and you shouldn't wait for a pump before you invest into Bitcoin.

The least selling target should be made after we hold our Bitcoin until the next bull market is confirmed then we can look for a price to sell that'll make us good profits because we bought when the market was down. After this pump in the price of Bitcoin, short term investors will want to sell and take profits and also daily traders will be taking profits therefore we should be expecting the price of Bitcoin to fall sightly as that happens.

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Quote from: Fundamentals Of on October 20, 2023, 10:37:52 PM

This is what Uptober is all about, but I don't interpret this as the real bull run, whatever that may mean to you. The stronger bull run has not yet started. I don't think it will come months prior to the halving in April next year.

That's exactly what I was commenting on in another thread, that I wouldn't call bull run moves up before passing $69K after the next halving. Although there could be exceptions this, as a clear and sustained up move before. Or even that you could pass that ATH before the halving, which I think very unlikely and would be unprecedented in bitcoin history. But what is clear is that these small upward movements are not the beginning of a bull run, no way.

Fundamentals Of

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This is what Uptober is all about, but I don't interpret this as the real bull run, whatever that may mean to you. The stronger bull run has not yet started. I don't think it will come months prior to the halving in April next year. I don't even think that this current rally will push Bitcoin's price past $30,000 and won't go back to that level anymore. Even if Bitcoin touches $30,000, I expect a correction right after that will bring back the price to around $28,000.

Sexylizzy2813

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

It was indeed a surprise because nobody expected it to be at this rate just too soon, to me I was expecting it to still be around $27-28k, just be going up and down maybe from next week it could be elevating.
Well as it is I'm very much ok that for almost 3-4 months it has gotten it's pace to this certain amount and nobody expected it to be so.
Definitely this has to be a huge temptation but not to all, let me say 65% might be tempted to sell and it might be in their favor. Investors have waited for long just to see this movement of Bitcoin price, and some never believed October would be better than September, August or even the month before, so if anyone makes any form or decision either by selling it's just something they can't resist.
To some, we have waited for long so let's give it a try. I still feel BTC is still bumping lts wait and see how fast it will get, like I said let's expect $30-$32k before next week.

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Quote from: Zanab247 on October 20, 2023, 11:56:25 AM

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.

Mate don't be blinded of what you are seeing at the moment because this can be another trap.

remember that we are in near Halving which means in the record , moments like this keeps bringing dumping in the market at least before it proceed.

so better to not trust what is going now instead use this as advantage to Buy and sell shortly .

Quote

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.

we are just starting the last quarter of the year before halving , have you seen at any point from the chart that we manage to have Bull run in this kind of season? or Bull Trap? just go with the flow mate and you will be safe.

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Quote from: JoyMarsha on October 20, 2023, 07:17:13 PM

I think it's tempting to invest in bitcoin now that the price has increased and has been hovering around $27k–$30k for the past two days out of FOMO.

I hope BTC's recent positive movement will continue. Plus the news that there will be a reduction in interest rates from the FED which could be one of the factors for Bitcoin's increase. Actually, it is very difficult for me to say this, but the war that is currently heating up has also had an impact on increasing the price of Bitcoin. Bitcoin is known to be used as a source of funding and donations.

I will consider BTC Bull when the price is able to penetrate $48K-$50K. If the BTC price is above that level, we are already on the Bullrun train.

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