Topic: Has anybody expected this? - page 9. (Read 1561 times)

Yes, I do know, but I was not certain. The reason is because I don't have the market under my control, so it could have possibly gone against the prediction, but by chance and repeating the historic price chart, it did get bullish. Some months ago, still on the speculation board, it was mostly said that Bitcoin would be bullish towards the end of the year, and we only have two months to end the year. Although I don't know what the price might be by next month, we only have next week to enter the new month, and I believe the price would still hold above $30k through next month too, or might even go higher.

Yeah, Bitcoin already shows us that it can pump hard even on dire situation. The last pandemic is the best example to demonstrate how Bitcoin can still perform better even with dire situation. Bitcoin dump near 1K on different exchange then later on rally until 67K which is the previous ATH.

Surely, Bullrun pump occur on a surprisingly manner and not with everyone predicting it just like what happened to the current pump. The potential approval of ETF plays a lot of part for the recent pump since most of the talking is about this subject on social which is being use by traders for their speculation.

The fact is that we are approaching the halving and that the demand will increase more and more because most people want to keep their value in BTC as short as possible (for various reasons). Of course, all these speculations about the spot ETF are just an additional motive, especially if we take into account that there is already a lot of talk about it being a done deal.

However, even without these speculations, the price of BTC would probably go up due to the pre-halving effect, and it would not be strange if by April 2024 the price would be somewhere between $40k and $50k.

Another very important thing that we should not forget is that the price of BTC would probably not have gone so low ($15k+) if it wasn't for Do Kwon who was actually the cause of the price crash, and after him FTX who crashed the price so low that broke even the previous ATH. In other words, the real price after the ATH correction of $69k was somewhere around $30k, which means that no one should be surprised that today we are approximately 10% above that.

Surprising really as we never think it comes early. The current pump teaches us to not just think about the negative and decline every day or assume that the next day will be the same as today. Well, for now, the only clue we have is the ETF and the upcoming halving but all of this supposedly has no huge impact on the market individually. We can bring us to the point also due to whales participation but whatever is the reason of the current pump --is pretty much appreciated for at least those newcomers have an idea where Bitcoin is going. And this should be put into our mind that the market is quite unpredictable.

Whenever we reach to last quarter of the year, that somehow ends up being one of the best parts of the year and I am not sure why. We have seen increases on October, November and December a lot, that's the last three months and Q4 of the year and it usually goes up. Doesn't mean that it will happen like that every year, but it does happen quite frequently and not a shocker anymore.

I would say that it is going to be a decent year without a doubt and I believe that November and December will not be bad months neither. We just need to be patient and see how higher it could get, if you want you can put a stop loss at 30k dollars, that would mean that you could get out and have lower risk but I am going to hold it as long as possible.

I have made more than 25 posts Since sept 1 saying we would  rally. So I find this completely fitting my fall predictions.
made this on the 21st of oct when price was 29k and change



I have lots more

In this week people just really tight up with the upcoming ETF that drives so many speculation and pump and dump scheme. you make take a look closesly the date and the twitter of the SEC.

If I hadn't known that the price of bitcoin is predicted to climb in October(past month's history), I could have concluded that the recent price spike of bitcoin is a trap for investors to rush into the market. But given the current situation, I don't think it is true in the sense that the Bitcoin ETF and halving are already approaching. In order to catch the Bitcoin flight(bull run) when it arrives, people are starting to get ready for it in advance rather than being unaware of how the price increased unexpectedly

You should visit the wall observer thread OP, people there expected a pump for months.

Most people on this forum expected this which is why they were stacking bitcoin all throughout the bear market. They did not abandon bitcoin when it was sub 20 thousand dollars and they did not panic sell when bitcoin fell from 30 to 26 thousand a few weeks ago. That's what I call conviction.

I still own bitcoin that I had in 2021, so we can say that a rise and another bull market was expected

in the last 7 days, the price of bitcoin rose 18%, to be honest I didn't expect the price of bitcoin to rise this fast in the third quarter of 2023 at this time, I'm quite curious whether the price of bitcoin next month will exceed $40k!!
with the rapid increase in the current price of bitcoin, hopefully those who don't believe in bitcoin will soon wake up and start looking at bitcoin as a protector of the value of their assets

Expect? No I didn't but at the same time I was well aware of the massive potential of bitcoin to see a big jump as I talked about it recently here. This is not even as big as a jump as I expected though, we still have a long way to go to reach a more realistic bitcoin price.

Buddy without keeping this suspense in my post I will say that 90% of us, traders and investors weren't ready for this Pump we were expecting the pump to be 32k only, and from a trading point of view more likely that 70% of them were on Short order at 32k and these unexpected 3 major news made the market to break through the biggest resistance of 32k and now here we are moving on 34k range.

Currently, the market is quite active to be more sure about the next strategy we need tow ait for the dust to be cleared, if a small ticker listing can make the market pump through a major resistance level the official announcement of a single ETF approval can lead to market pumping to form the range of 10k to 15 in a single candle. I was expecting some market correction to the very next of this pump but currently, the market is holding above 34k and as we had experienced before in the October rally for 2021, I'm still assuming the 6% to 10% drop back to make the journey forward to 40k and so on.

Consing the current sentiment avoid FOMO. Still market is in uncertainty and the direction is not clear, as what we weren't expecting already happened with a big boost now this uncertainty will also not last long, and a clear direction can be specified after the Monthly closing. So be ready for every scenario.

The fundamentals  proctor a bright future for bitcoin price and amongst them all the most interesting is the bitcoin ETF that every cryptocurrency user talking about. We can only but imagine what the bitcoin price will value at when the SEC eventually approves the bitcoin spot ETF.

Just as the op asked who has expected this, I'll say no one did, even though we had expected bitcoin price to rise to $35k the expectation was not projected to be within an hour plus of $5k rise, this is volatility sweeping us off our feet.

Top was like $35k in some exchanges and it's trying to breakthrough again on that level.

As we know on how volatile Bitcoin is and we know that it can have some strong push on unexpected times. But this time, I wasn't expecting it that it's going to be this early.

I just saw a screenshot that it's already listed as "IBTC" I don't know in which market was that but it seems that we're only just waiting for the announcement of its approval.

Yup. There are two sides to this coin (no pun intended ):
1. Disbelief will cause people to be cautious with the news
2. The news is a true step, institutions filing for the ETF will start buying to facilitate the ETF.

Which one? Who knows. I think that because everyone was waiting for 2024, it would make sense for the market to blindside those who are unprepared and start the bull now. This is somewhat validated considering how sharp the pump was and the way October has shaped out. The other theory is the standard event of exciting people, then killing the long position.

I don't know whether to be happy or not with what happened in the last few days but what is certain is that it was quite surprising to me, and I never thought that this year the price would exceed 30k but what just happened made me realize that what I believed it was wrong all along.
I've heard before that if the price can get past 30k then it won't stop increasing, it seems like this will indeed happen and this would be a great start to an increase before the year is out.

This could be a sign that market conditions this month have improved, perhaps more people have entered the market to buy Bitcoin in any amount, so that the increase that occurred today has actually exceeded $35K. This is quite surprising and obviously quite good because Bitcoin is starting to have increasingly positive movements before ending the year and I hope things like this can continue to happen to Bitcoin before the halving arrives.

It could be that the price increase is related to some good news so far which also includes Bitcoin spot ETFs, so the increase has surprised many people. And I am also increasingly optimistic that this month there will be more price increases than price decreases because now Bitcoin has been accepted by many parties so this has eliminated panic from most people and caused an unexpected increase like what happened today.

And this is what we've been talking about for years, bitcoin leading the market. What we're experiencing right now is a buy the rumor sell the news event.  Everyone is anticipating a bitcoin spot ETF approval. Larry Fink has been on TV saying crypto is a flight to safety and quality and much more. I believe bitcoin could rally to 40K in a retracement move, not going to new all time highs similar to what it did in 2019. Because, it never goes up in a straight line. It's a roller coaster ride, and right now it's rallying very hard. Some may say we're going to new all time highs. I am standing on the fence here. Historically, that is not how bitcoin has played out. I may be wrong, though, if bitcoin goes to new all time highs in the next few months into the having, we all will be happy.

This was the cause of the bull run that happened yesterday: BlackRock's spot bitcoin ETF appears on DTCC website with ticker IBTC

Bitcoin ticks above $35,000 as spot ETF hype builds

Everything that is happening is because people are thinking that spot bitcoin ETF will soon be approved.

I am bullish when it comes to bitcoin so in a way I always expect the price to go higher, however I had no clue this was going to happen now and I was just as surprised when I checked the price as I do every single day and I found such a spike, however I would guess that this is part of the aftermath of the fake news we saw not long ago, and people are deciding that the chances that an ETF will be approved are high and they are taking a position early in the case it actually happens.