Topic: Has anybody expected this? - page 8. (Read 1561 times)

I think many people expected this to happen, and myself included.
The positive news about ETF that emerged made many people believe again or even believe more, resulting in a large enough purchase demand, causing a significant price spike to occur in just a few hours.
And even now the price of Bitcoin remains stable at 34k after the increase, which means that there has not been a deep / significant correction like the increase that occurred, so far the movement has been quite positive and at the end of this year, as many people predict, the price will increase or continues to improve.

I also think it's unlikely and it's actually a pretty high prediction. But if the events I mentioned actually happen at the same time, I think we can expect that big ATH. Bitcoin always gives us surprises, when people don't think it can do it, it surprises us. Like what happened in the past few days, no one believed that bitcoin could reach 35 thousand USD but it happened in everyone's doubts. 100k$ is the goal of most investors, but who knows, it will surprise everyone again?

We were also disappointed this cycle when everyone also expected the price to go well over $100,000. Maybe bitcoin is maturing and will eventually have returns more like a large cap company than a startup, which makes the returns safer as well. The ease of storing large amounts yourself and being able to transfer them without intermediaries are good reasons to buy bitcoin regardless of the price.

The scary part to me isn’t that nobody expected this, but that everybody expected this. People are actually expecting the price to go much higher in the near future. I think if we end 2024 without seeing a six figure Bitcoin price, a lot of people will be disappointed. Most are expecting prices quite a bit higher in the next few years.

Actually i was waiting for this in the Middle of October because As far as i understand that in this month price are mostly increasing according to the record but not as fast as what we have had ,
in 24 hours increased more than that 12% , or 20% in the last 7 days , things that truly shocked me when i woke up that morning , seeing my Value in dollar holding increased  much.
but lets not be confident because we knew that we are nearing December , and yes before that month end dumping also starts and as halving coming , expect more of dumps in the coming months even right after that April .

To be honest we all know that Bitcoin will be pumping very soon because of ETF and the halving event but no one expected one day move for Bitcoin moving from 30k to 34K.

I initially thought that after this pump the price will dump back towards the 30K level but this does not happen within the week days of this week. If the Bitcoin price does not dump in the weekend then from monday onwards we may see another surge in the Bitcoin price at then this will be a confirmed weekly Bitcoin move breaking it's resistance.

I would not call it a short squeeze specially when I look the fundamentals of Bitcoin where we have the halving and ETF in the pipeline. Exciting moments are ahead of us.

250K could be a little way too over the top, I think peaking at 200k would be the highest we would probably do and I am not even expecting that much. I think 100-150k range is good and healthy enough that it would probably what we are going to see anyway. I get that it may not be all that easy and great to do but it will definitely reach to a point where it can be done.

I hope that we could get to a point where we could reach to a point where it could result with some sort of situation where it may not be all that crazy. I am not saying it's impossible though, I mean this is bitcoin we are talking about and reaching 250k wouldn't be impossible within the next 2 years or so, it probably won't happen but it is not impossible. I am hoping that we could get to a point where reaching 250k would be small, and we would want even more, but that is just not realistic at this point and peaking above 100k is the first goal that I have in mind, that's the most important to me.

That's the surprise we get from the current increase in Bitcoin prices. The price could jump high to $34k and that is already a good deal for us. Some people think the price will increase at this time but they can't know for sure how much it will cost.

People can only predict the rise and fall that Bitcoin can bring. But they can't get certainty from that prediction until it happens. I also didn't expect it to happen this quickly but I know that Bitcoin price increases can come suddenly.

But if a Bitcoin spot ETF does get approved, it might be an opportunity for Bitcoin to jump higher. And it's possible that the price could immediately increase to $40k-$45k. And until now, the price of Bitcoin is still trying to stay at $34k after previously declining to $33k. But if the price can still last until the end of the month and the beginning of the month, there may be another price increase. This is increasingly interesting to follow but if your target is long term, you can still buy Bitcoin while the price hasn't risen to $40k-$50k.

I don't think since the start of this surprising rise of Bitcoin price that it has gotten above $34k, that has been the stopping point of the price and with all of these happening I feel we're about to see something more surprising because this current price of Bitcoin is giving us the assurance that it will surpass $34k to $35k and even get to $40k before this month runs out.
Nobody can come out to say it was expected not even those bloggers who drop predictions, they're not going to say the positive movement of Bitcoin price was something they're expecting to happen, no way.

There have been many predictions that this bull season will be the biggest bull season ever because we have many big events such as ETFs approvals, halvings and, if we are luckier, it will also be when the economy enters the recovery period. All of these are powerful catalysts and if that happens we will certainly have an unprecedented bull season. There have been many predictions that bitcoin could exceed $200k or $250k for the next bull season instead of $100k as we expected.

The price of bitcoin will be higher after each bull cycle and that is why when bear season comes we should take advantage of buying as much as possible instead of waiting for further drops to buy.

That's because there are anticipations in regards to Bitcoin ETF and the halving is getting ever nearer, I don't think that those positive news wouldn't contribute to the increase of prices besides the expected rise this month of October. I hope that you're right about all of these events happening to be an indication of the next bullrun and that the next pump in price would even be bigger than the last time, even though I am hopeful regarding that, I feel sad that the current prices might be the last time that we will see bitcoin get to that and that I would be getting less amounts of bitcoin for the same amount of money but hey, that's the market growing for you.

Do you check further because I saw also at $35,000 in the last growth for bitcoin. This growth shows good enthusiasm for some people and if they are taking advantage of the strategy in the short term the selling pressure will greatly affect their current interest.

This process has been expected by many people, but long-term price pressure may not have reached their selling desires. Most people are mentioning this because Bitcoin spot ETF approvals are starting to materialize in the near future and there was a kind of reverse response to the FUD news about spot ETF approvals a few weeks ago. So Bitcoin experienced a significant increase from its support price and people began to imagine that the fake news last week was just an issue that was deliberately raised.

Just wait and see how the price reacts next month because we will only have to wait a few days before the turn of the month and to what extent Bitcoin can survive or, on the contrary, will be pushed back below its support price. As we expect before the halving occurs and there may be pressure on the price to be corrected and pumped because the cycle will continue to run before the ATH appears.

I know it will happen but not this early so I am not expecting it.
I doubt one soul did or if ever they will say they did, they will lie through their teeth. The sudden pump is sparked by a piece of fake news and it continuously grew but I didn't expect that too. I thought it would just go back to $28-29k-ish and will stay there again after many investors find out that what came out is not true and they will pull all their investment back. But I guess they didn't and so we stayed on the path of going up and it became contagious that many may have thought that this was it, the time they had been waiting for.
It's a good thing but it's not yet the real pump that will happen when Bitcoin ETF is approved. There's more to this but we need to be patient. Now, a big problem comes, is it wise to buy considering the price pumped drastically without any big reason behind or should we wait for it to subside and wait to get cheap again? We don't know if that will happen.

Yes. Since I believe with technical analysis, I expected to go this way.

1. Choch is a confirmation of trend reversal. This time I believe that the market was bullish because it's a weekly time frame.
2. It didn't break the high but swept a liquidity, so I expected the price to go lower and possibly sweep the swing point below to send the price higher and create another high as EOF and expected to reach the fvg above which is around 35k to 37k .
3. But look what happened to the price, it created another high. So this time, I expect a pullback around 30k before the price create another high. As long as it didn't break the swing low 24k, the trend is still bullish.

Note: The market prices won't always go the way we want.

The recent price surge is still a bit surprise but knowing bitcoin, it will always surprise us with its sudden skyrocket of price most especially if there are big reasons behind its price increase. And let's not forget that even with the fake etf approval of SEC, wherein bitcoin price briefly rallied to $30k, so how much more if the reasons are legit. However, whether we expect this or not, bitcoin remains to be seen profitable most especially in the last quarter of the year. And if this price increase consistently occur in the market, then most likely we will witness a bull run earlier than what we expected.

Is as if you're expecting something much bigger than what we're seeing, $34k as the current price is something big compare to July to September, some people almost thought this year isn't going to bring a price that would surpass $30k and many people have given up on the reminder of this year, because from the way it started nobody expected to see Bitcoin price at $34k and with the way it stayed at $25k got many discouraged to even say anything positive about it.
If this month can give us this positive price then I think November would be much more better in showing us green. But my main concern is why has it not yet gotten to $35k? going up to $34k and back down to $33k? What are we not getting?
I still think whenever it starts getting up to $35-$36k I feel that would be the time we see Bitcoin climbing to $40k, let's say from a new week or Saturday.

You should really be that wise and really be needing to be observant because if you do just simply make yourself that keep waiting for the right time to get in then you might be able to miss up those opportunities most of the time. Pretty sure that you wont really be able to spot out the sweetest spot and its true that if you do see those news and fundamentals around that this is the best time to buy then better be aware or wary with your action and you might really that caught in the peak on which it would really be causing you negative if ever the market would really be making out such correction. Dont know on why people would really be hesitating on buying
while the market is really just still down or on sideways momentum? They are really just that too afraid on doing such act but instead they would really be just that buying or making decisions on getting in when the
price had already pumped and not on doing that before.

Well, it cant really be that avoided yet there are really moments that this is where we do get fomo'ed on which you would really be making yourself that making decisions on the time that you are
seeing greens and assuming that it is already the signal of market reversal. People would really be usually be ending up negative considering that correction would
always comes next.

There's always a clue - you just have to really care about whatever it is. Bitcoin ETF rumored to be approved in the coming months is an important clue as to why such a price pumping occurred - but you don't need to wait 1 minute early to get the best buying moment. But buy when the market is sideways or correcting without any major news affecting the price.

Rumors about ETF are a useful fundamental for considering why you should invest - but don't wait for the announcement. Big investors never tell you that they are going to invest millions of dollars - but some of them may announce that they have already invested.

Those who respect the charts understands that Bitcoin just literally do it's thing, this pump has nothing to do with the ETF approvals but many people do think it's the reason why Bitcoin is pumping, if ETF isn't a thing for Bitcoin now, this market situation will still turn out to be this way today.

October has always been a bullish month for Bitcoin but not this big right? That's why it's good to know about Charts, this small pump is unavoidable, and the ETF approval will only be part of he reason after it's been truly approved.

Bitcoin ETF isn't new, it's been on for many years and they always postponed the approval and Bitcoin did very well without ETF approval, it's all in the charts ladies and gentlemen. 

The price is still holding and just a little bit below and usually it will be back to $34K again, you ask about November? This is hard to answer my friend because I don't know what happens later but still hope bitcoin can cross the $40K mark at least next month.

I think a lot of people have realized that bitcoin is on the rise, of course for those of us who have been bitcoin investors for a long time this is due to the influence of the spot ETF which will be approved later by the SEC, hopefully in the first quarter of 2024 this will be even bigger news and maybe the increase will be more than this.