Bitcoin price stabilised around $36k for the past few days, and if this trend continues, we might see a pump toward $40k. I am expecting a price pump toward $45k at the end of this year or in early January next year. At the moment, the market trends are short-time bullish. In a bigger picture, the market is still in the bear phase and might hit the low $20k price before the BTC halving event. This market correction is bound to happen for the BTC price to reach a new ATH.
It is still quite possible for a price correction to occur before the halving, but I don't think that the correction will make Bitcoin's price return to $20K again, because currently Bitcoin has returned to around $37K which was even close to $38K. This means that there will be a chance for everyone to see Bitcoin at $40K if the market trend continues to improve and increase in price as it is now. And I think ending the year at around $40K wouldn't be too bad for Bitcoin and its holders either. 
Topic: This bullish momentum - Breaking through the $35,000 mark (Read 480 times)
Bitcoin's price will rise higher, but before that time comes, we can still buy more Bitcoin. We don't need to wait for negative or positive news to buy Bitcoin. We already have a DCA strategy that we can use immediately. And now the price of Bitcoin is still at the $37k level.
Since the past few days, the price has been at the $37k level and there is no sign of going higher. This is a good time to increase your satoshi if you plan to buy small amounts. Maybe at the end of this month, there will be an upward movement that could take Bitcoin's price past $38k or even higher.
We must be patient in waiting for price increases. And although the current price of Bitcoin is still far from its final ATH, it will definitely be achieved. Meanwhile, the halving moment is just around the corner and that could trigger the price to soar very high. So be prepared for its arrival.
The people who do have money and yet still do not buy bitcoin right now confuse me. I mean what else are you waiting for to buy bitcoin, it is so obvious to me that bitcoin will go higher, if you have money and still not buying it, that makes it quite interesting for me. I think it should be noted that we are going to end up with something that will benefit us all.Since the past few days, the price has been at the $37k level and there is no sign of going higher. This is a good time to increase your satoshi if you plan to buy small amounts. Maybe at the end of this month, there will be an upward movement that could take Bitcoin's price past $38k or even higher.
We must be patient in waiting for price increases. And although the current price of Bitcoin is still far from its final ATH, it will definitely be achieved. Meanwhile, the halving moment is just around the corner and that could trigger the price to soar very high. So be prepared for its arrival.
That's how it is though, I mean they are not smart to say the least, and the thing is that this is going to be some though that are going to buy at $100k next year when the price goes off because we are in a bull run. So they have wasted a lot of time not preparing themselves for the imminent bull run.
I think it has to be something that needs to be pointed out to them, because the yare still unsure, but why they are so unsure about bitcoin going up is beyond me. If I had any money at all, and I mean like literally any money at all, I would put it all of them in bitcoin, if I am capable of putting in 10 cents, I would do that, if I can do 10 million dollars, then I would do that, it's all about putting in more and more money in it. This is why I believe that we are not going to really see people stay away for too long, the more it goes up, the more people will keep on buying bitcoin eventually.
It has been pointed out already and we can't stressed that enough. It's really up to them to whether follow our lead or not. We can't really force someone to buy at this point and says that they just to hold on it and wait for the bull run. They will have to decide for themselves if they really want to make huge profits by buying today. Or just minimal when they bought when prices are very high.
Bitcoin's price will rise higher, but before that time comes, we can still buy more Bitcoin. We don't need to wait for negative or positive news to buy Bitcoin. We already have a DCA strategy that we can use immediately. And now the price of Bitcoin is still at the $37k level.
Since the past few days, the price has been at the $37k level and there is no sign of going higher. This is a good time to increase your satoshi if you plan to buy small amounts. Maybe at the end of this month, there will be an upward movement that could take Bitcoin's price past $38k or even higher.
We must be patient in waiting for price increases. And although the current price of Bitcoin is still far from its final ATH, it will definitely be achieved. Meanwhile, the halving moment is just around the corner and that could trigger the price to soar very high. So be prepared for its arrival.
The people who do have money and yet still do not buy bitcoin right now confuse me. I mean what else are you waiting for to buy bitcoin, it is so obvious to me that bitcoin will go higher, if you have money and still not buying it, that makes it quite interesting for me. I think it should be noted that we are going to end up with something that will benefit us all.Since the past few days, the price has been at the $37k level and there is no sign of going higher. This is a good time to increase your satoshi if you plan to buy small amounts. Maybe at the end of this month, there will be an upward movement that could take Bitcoin's price past $38k or even higher.
We must be patient in waiting for price increases. And although the current price of Bitcoin is still far from its final ATH, it will definitely be achieved. Meanwhile, the halving moment is just around the corner and that could trigger the price to soar very high. So be prepared for its arrival.
I think it has to be something that needs to be pointed out to them, because the yare still unsure, but why they are so unsure about bitcoin going up is beyond me. If I had any money at all, and I mean like literally any money at all, I would put it all of them in bitcoin, if I am capable of putting in 10 cents, I would do that, if I can do 10 million dollars, then I would do that, it's all about putting in more and more money in it. This is why I believe that we are not going to really see people stay away for too long, the more it goes up, the more people will keep on buying bitcoin eventually.
And we have to get used to it because it can be bought at a very good price, we are about to end the month of November, it is very close to doing more big things, we are people who wait, if we have waited so long, then it doesn't cost anything to wait one more option because it is known that the bitcoin is going to rise more than its limit ath and that is only because it matters, it does not matter when it happens, but it will happen, that is why the investors and the majority who own bitcoin have not wanted to sell and for something it is, They know something, that's why they want to wait longer because maybe a new maximum could come, it could happen and it would be great if it were this year.
Yes, Bitcoin's price will rise higher, but before that time comes, we can still buy more Bitcoin. We don't need to wait for negative or positive news to buy Bitcoin. We already have a DCA strategy that we can use immediately. And now the price of Bitcoin is still at the $37k level.Since the past few days, the price has been at the $37k level and there is no sign of going higher. This is a good time to increase your satoshi if you plan to buy small amounts. Maybe at the end of this month, there will be an upward movement that could take Bitcoin's price past $38k or even higher.
We must be patient in waiting for price increases. And although the current price of Bitcoin is still far from its final ATH, it will definitely be achieved. Meanwhile, the halving moment is just around the corner and that could trigger the price to soar very high. So be prepared for its arrival.
Bitcoin price stabilised around $36k for the past few days,
Well, I count 12 days since the OP opened the thread saying we were in a bullish moment but it doesn't seem so bullish today. But perhaps we are only in the calm before the storm.
and if this trend continues, we might see a pump toward $40k. I am expecting a price pump toward $45k at the end of this year or in early January next year. At the moment, the market trends are short-time bullish.
I have a similar feeling, but it's just a hunch, although partly based on my knowledge of the price evolution.
In a bigger picture, the market is still in the bear phase and might hit the low $20k price before the BTC halving event. This market correction is bound to happen for the BTC price to reach a new ATH.
On this I don't agree, I don't know where you see any bear phase.
This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC.
and yes ETF is what we are expecting this year or the next as it was being pending for how many years now and each time the community is looking for this to takes place.
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Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
it has been broken , last week I thought Bitcoin will climb up above 40k as this is the next barricade but suddenly , did not happened so we are expecting another spike any time soon before December to show how strong market till the end of December.
The Bitcoin market was in a bear market for over a year, and then the market did not grow and the value of Bitcoin did not increase. A look at the current market suggests that the price of Bitcoin has increased substantially over the past two months, which has not been the case in the past two years. We've seen the Bitcoin price rally for two months now, and it's gradually increasing its upward trend. Bitcoin spot is likely to increase the price of bitcoin around the approval of ETF and reinforce the possibility that the bitcoin market will gradually turn positive. Currently, the Bitcoin market is above $37k, which is the highest hype we have seen this year. Since we have a big half year ahead of us, we can definitely say that the price of Bitcoin is likely to go higher. According to this, we can consistently say that the Bitcoin market may touch $40k dollars by the end of the year and it may increase further.
And we have to get used to it because it can be bought at a very good price, we are about to end the month of November, it is very close to doing more big things, we are people who wait, if we have waited so long, then it doesn't cost anything to wait one more option because it is known that the bitcoin is going to rise more than its limit ath and that is only because it matters, it does not matter when it happens, but it will happen, that is why the investors and the majority who own bitcoin have not wanted to sell and for something it is, They know something, that's why they want to wait longer because maybe a new maximum could come, it could happen and it would be great if it were this year.
Bitcoin price stabilised around $36k for the past few days, and if this trend continues, we might see a pump toward $40k. I am expecting a price pump toward $45k at the end of this year or in early January next year. At the moment, the market trends are short-time bullish. In a bigger picture, the market is still in the bear phase and might hit the low $20k price before the BTC halving event. This market correction is bound to happen for the BTC price to reach a new ATH.
In my opinion, it much healthier for Bitcoin if it reaches the $45k price of Bitcoin as it has strong supply in that zone. That would be the last price for Bitcoin to reach this month or next month incase there is a strong demand cause by the news before it went down for retracement at $30k.The price is currently consolidating, and I think it waits for a news to come to determine which direction the will go. Stay tuned!
If there is a consolidation then it is already happening above $34 and reaching $36 bracket. The price of bitcoin have stayed above $35k for more than a month and that is a good signal that the spot is a strong resistance that it is trying to get out from. We are both waiting for the next move after this spot but I'm seeing the price further going up with the end of the year as activities for the year may cause some momentum on the cryptocurrency market and bitcoin is surely going to take the lead further up.
Consolidation also moves as well, previously, it was between $26,000-$28,000. Now as we get over with it, could be consolidation is happening at $35,000-$38,000. And that's why we have seen a lot of resistance along that price. Of course, it's not that bad, volume is still good, indicating that the bulls have total control of the market and looking at the biggest barrier, which is $40,000.
So $35,000 right now is somewhat the support, and again, hoping that at least the end of the year, we can punch that $40,000 and then be ready next year as we approach the block halving.
In my opinion, it much healthier for Bitcoin if it reaches the $45k price of Bitcoin as it has strong supply in that zone. That would be the last price for Bitcoin to reach this month or next month incase there is a strong demand cause by the news before it went down for retracement at $30k.The price is currently consolidating, and I think it waits for a news to come to determine which direction the will go. Stay tuned!
If there is a consolidation then it is already happening above $34 and reaching $36 bracket. The price of bitcoin have stayed above $35k for more than a month and that is a good signal that the spot is a strong resistance that it is trying to get out from. We are both waiting for the next move after this spot but I'm seeing the price further going up with the end of the year as activities for the year may cause some momentum on the cryptocurrency market and bitcoin is surely going to take the lead further up.Well, being greedy is normal to us humans anyway
. If in case the price nose dives again, I am still fine with it, other than the fact that I can also use the opportunity to buy with a discount. We are not far from the new year, so waiting won't be that long and boring. If there is a emotion that people are feeling right now, that would only be excitement. 
In my opinion, it much healthier for Bitcoin if it reaches the $45k price of Bitcoin as it has strong supply in that zone. That would be the last price for Bitcoin to reach this month or next month incase there is a strong demand cause by the news before it went down for retracement at $30k.The price is currently consolidating, and I think it waits for a news to come to determine which direction the will go. Stay tuned!
If there is a consolidation then it is already happening above $34 and reaching $36 bracket. The price of bitcoin have stayed above $35k for more than a month and that is a good signal that the spot is a strong resistance that it is trying to get out from. We are both waiting for the next move after this spot but I'm seeing the price further going up with the end of the year as activities for the year may cause some momentum on the cryptocurrency market and bitcoin is surely going to take the lead further up.
It was great to see Bitcoin price breaking 35k. I was expecting the price could hit 40k and do a reversal from there which didn't happens. It would be much healthier for Bitcoin price if it can touches 40k range but it seems there is a major resistance. Also we should keep in mind about the CME gap and if it filles then we can expect a major correction. The market looks really confusing right now.
In my opinion, it much healthier for Bitcoin if it reaches the $45k price of Bitcoin as it has strong supply in that zone. That would be the last price for Bitcoin to reach this month or next month incase there is a strong demand cause by the news before it went down for retracement at $30k.The price is currently consolidating, and I think it waits for a news to come to determine which direction the will go. Stay tuned! 
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
In this last quarter of the year, it's like the bitcoin price won't fall to $33k ever again. Bitcoin has been waxing strong between the range of $35k -$37k for weeks now, trying to stay put at $38k before it reaches the speculated price of $40k before the end of the year. So, buying bitcoin at the price of $36k+ is never a bad idea, since the plan is to hodl till the bull run that comes around 2024 or 2025 as to the time you want to sell your bitcoin holding at a high price for gains.
It was great to see Bitcoin price breaking 35k. I was expecting the price could hit 40k and do a reversal from there which didn't happens. It would be much healthier for Bitcoin price if it can touches 40k range but it seems there is a major resistance. Also we should keep in mind about the CME gap and if it filles then we can expect a major correction. The market looks really confusing right now.
Bitcoins have really impressed everyone by suddenly jumping to 37k usd price range. This sudden jump indicates that something big is coming. Yes we have escaped the matrix and it seems like the bullish momentum is broke. Bitcoins hinting us to acquire as many coins as we can in this price segment, as when we will reach 2024, something big might happen. So yes let’s hope for positive vibes from Bitcoins now.
Right now, $35,000 is acting as short-term support because, within the past week, we've seen Bitcoin going sideways at the range of $35,000 - $38,000.
It's that we have dump in the last 24 hours, and as I checked it the reason is that the SEC says that they are going to delay a review on spot Bitcoin ETF.
I will stick to my previous prediction that Bitcoin might reach as high as $40,000 by the end of the year. One bullish news can do the job, and I really hate to say this, but I think it will be an ETF-related news again. I don't know what, but it might be related to ETFs again. As for the ETF, the SEC can have its final decision until next year, so I also expect to see a major price movement in the first months of the year. In which direction? Depending on the decision of the SEC.
I think majority here will stick with that kind of prediction, so same here I seeing that the price will go on $40k at least at the end of the month, with or without the SEC news about the ETF approval. I think investors are wise enough to know that the approval might come in mid next year.
And so we need not to anticipated it but what we should do is to prepare for the imminent bull run and so we need to accumulate as much as we can before the block halving. And so if ever the news come up and then the prices goes up, we will be in the profits already. But wait, the biggest is yet to come, so do not sell and just continue to hold and see how far this bull run will be.
Buying near the current cycle peak is not a good idea even on DCA, much better to wait for a minor correction after the big green candle before adding more coins to your stash. This way you can guarantee more average price to the lowest possible buying price amount.
What if the price goes even higher? I do not think that buying at the current price is a problem since the target of DCA is to hold for a longer time and sell at a price where BTC has surpassed its ATH. One can do DCA whenever the fund is available and the market price is still far from the target selling price. I agree that timing our DCA at a lower price can lower our average price but that is if the price will go down. But if the price goes continuously up, then we missed the chance to buy at a lower price.
However, I won't advise taking loan to invest in btc If you don't have enough just invest as little as you can ride with the bull next year.
I highly agree, there is no need for a big fund to invest in Bitcoin. The DCA method proves it. Taking a loan just to invest in Bitcoin will only make you spend more due to the interest attached to the loan. Plus you might be forced to sell your holding if you don't have enough funds to pay for the monthly due of your loan. It is better to do DCA than being bothered by loan payments and interests.
I will stick to my previous prediction that Bitcoin might reach as high as $40,000 by the end of the year. One bullish news can do the job, and I really hate to say this, but I think it will be an ETF-related news again. I don't know what, but it might be related to ETFs again. As for the ETF, the SEC can have its final decision until next year, so I also expect to see a major price movement in the first months of the year. In which direction? Depending on the decision of the SEC.
I also think the same, just one positive push of ETF news, we might see the Bitcoin market get crazy again, reaching $40k even before the year ends.
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Right now, $35,000 is acting as short-term support because, within the past week, we've seen Bitcoin going sideways at the range of $35,000 - $38,000.
I will stick to my previous prediction that Bitcoin might reach as high as $40,000 by the end of the year. One bullish news can do the job, and I really hate to say this, but I think it will be an ETF-related news again. I don't know what, but it might be related to ETFs again. As for the ETF, the SEC can have its final decision until next year, so I also expect to see a major price movement in the first months of the year. In which direction? Depending on the decision of the SEC.
Anyway, it's good to see Bitcoin going as high as $35,000 currently. Just imagine those who bought at the bottom or near the bottom. They already doubled their money just by holding.
I will stick to my previous prediction that Bitcoin might reach as high as $40,000 by the end of the year. One bullish news can do the job, and I really hate to say this, but I think it will be an ETF-related news again. I don't know what, but it might be related to ETFs again. As for the ETF, the SEC can have its final decision until next year, so I also expect to see a major price movement in the first months of the year. In which direction? Depending on the decision of the SEC.
Anyway, it's good to see Bitcoin going as high as $35,000 currently. Just imagine those who bought at the bottom or near the bottom. They already doubled their money just by holding.
Share your chart guyssss
But yes bitcoin can break the 35K level I hope it last
till at least the halving period maybe a little bit of correction to buy more 
the volatile is up and down pretty quick but the last time we hit 35K is at 2 May 2022 is a year ago so I might confirm this as a bull run if hit 45K level 
But yes bitcoin can break the 35K level I hope it last
till at least the halving period maybe a little bit of correction to buy more the volatile is up and down pretty quick but the last time we hit 35K is at 2 May 2022 is a year ago so I might confirm this as a bull run if hit 45K level 
Many will take profit early and that could stop the up trend for a short time but of course we are still bullish with the price and we are now back to $37k mark, the price of $40k is within the reach, we will see that before the year end for sure. The volatility is normal with Bitcoin, so know how to deal with it and always have your strategy. The bullish trend is still strong, and this is a better year and a better trend compare last year, expect a good price before the year end.
Those who take profits early only aim to make quick trades. When the trend goes up, many will sell for quick profits.
But just let them be Weak Hand in holding Bitcoin, they just become sellers without caring if Bitcoin reaches ATH or not,
the important thing is that they profit in short trades.
The more who sell, the less those who play too much with the market.
In the end, they will participate in pumping up the price of Bitcoin with a pretty good trend and there are some new investors who enter looking FOMO.
Currently, the volatility is quite high and this proves that many are starting to enter Bitcoin,
and more and more money flows are circulating with Bitcoin's dominance going up.
The $40k price will be the next target, maybe this will happen by the end of 2023 if the trend continues to be good like now and the ETF is approved.
By the looks of it we had another good day, and let that be a lesson to all those people who started FUD talks right away as soon as they saw it go down just a little bit. They were all talking about how bitcoin was going down and would it be 30k again and would we see under 30k and all that, as you can see we have not lived through anything like that at all, and we should be proud to be seeing it go like this. I understand that it may not feel that way to most people, but that is how it is today here, we are above 37k again and went %6+ high in a single day. This is mainly because we are in the bull run period and we should be quite happy with what we have, there is nothing wrong with bitcoin at the moment, and it will keep on going strong.
Yes, and as per TA, RSI looks solid as this point that's and so it coincides with a great increased again in the last 24 hours and it was just like showing to those FUD that Bitcoin is not going to be affected by any negative news, on the contrary it will make the price goes even stronger as the market has matured already and there's no way that we will listen to this FUD. So let's see, this month is still very long, lots of days to accomplished that $40,000 levels. If we can't reach that this month, a good $38,000 price is not that bad and then by December we will continue and try to breach that round numbers again and maybe it will carry on till next year as we approach the block halving.
By the looks of it we had another good day, and let that be a lesson to all those people who started FUD talks right away as soon as they saw it go down just a little bit. They were all talking about how bitcoin was going down and would it be 30k again and would we see under 30k and all that, as you can see we have not lived through anything like that at all, and we should be proud to be seeing it go like this. I understand that it may not feel that way to most people, but that is how it is today here, we are above 37k again and went %6+ high in a single day. This is mainly because we are in the bull run period and we should be quite happy with what we have, there is nothing wrong with bitcoin at the moment, and it will keep on going strong.
Some were already saying various reasons that comes behind the bear that led us to $35,000 when we are still anticipating for more bull market althrough this season, but things cannot work sometimes we way we expect because bitcoin itself has to be volatile before we can have the beauty in the market buying and selling, we are expecting to see more of bull althrough out this year and very soon the market price of $40,000 will reset it history, but before then, there might be pump and dumps as just from the way we are currently having now.
Many will take profit early and that could stop the up trend for a short time but of course we are still bullish with the price and we are now back to $37k mark, the price of $40k is within the reach, we will see that before the year end for sure. The volatility is normal with Bitcoin, so know how to deal with it and always have your strategy. The bullish trend is still strong, and this is a better year and a better trend compare last year, expect a good price before the year end. 
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
Most of us were probably surprised by that quick upward movement, to be honest. I wasn't expecting the price of Bitcoin to even touch $35k within these two months that are remaining from this year, and I thought we might see the price moving towards that area after the new year starts and we will see a price surge just like we saw in January 2023. So, it was more surprising for most retail investors and speculators and we are way ahead of our expectations.However, the current situation seems like it may or may not touch $40k within this year because as said by everyone, $38k seems to be the latest resistance and Bitcoin hasn't been able to cross it so far after one attempt, if we see the same for a couple of more times then we will probably see a decline from there.
Frankly speaking, I couldn't care less about MA-20 or MA-50. I think that the price will start doing down back to 30K USD.
I don't understand the growing optimism about the Bitcoin Spot ETF approval. I'm usually pessimistic, when there's too much optimism on the markets. I have the feeling that the Bitcoin ETF won't be approved and this will cause a price crash back to 20-25K USD.
In 2024, there will be a short term recession, which will cause price drops across all financial markets. I don't believe that Bitcoin will turn into a legit safe heaven asset. I'm still optimistic about 2025, though.
I do not have that much hope for the btc ETF neither, but I do have hope for btc itself, even without the ETF, the price will go up for sure. Think about, actual good things happened in the bitcoin world during the bear period and the price still didn't go up, and right now during the most useless period, when nothing happened, it peaked over 37k as the highest amount.I don't understand the growing optimism about the Bitcoin Spot ETF approval. I'm usually pessimistic, when there's too much optimism on the markets. I have the feeling that the Bitcoin ETF won't be approved and this will cause a price crash back to 20-25K USD.
In 2024, there will be a short term recession, which will cause price drops across all financial markets. I don't believe that Bitcoin will turn into a legit safe heaven asset. I'm still optimistic about 2025, though.
I am sorry, but if we are talking about what is good and what is not, it's clear that we are talking about something much larger there, it's clear that we are not going to end up with anything more major. It's obvious that we should be doing something that would be a bit harder to handle, and in order for that to change, we need to make sure that people realize these "dips" are not long term. We are going up, and we do not need any reason to go up, we are going up with whatever the reason we want and that is the sign of a great bull run coming our way and we should be happy about it.
Some were already saying various reasons that comes behind the bear that led us to $35,000 when we are still anticipating for more bull market althrough this season, but things cannot work sometimes we way we expect because bitcoin itself has to be volatile before we can have the beauty in the market buying and selling, we are expecting to see more of bull althrough out this year and very soon the market price of $40,000 will reset it history, but before then, there might be pump and dumps as just from the way we are currently having now.
I have been saying 42k by nov 30 - dec 1. and 48k by dec 31 - jan 1
some jan profit taking down to 40k and a slow up tick grind toward the ½ ing in late march early april
some jan profit taking down to 40k and a slow up tick grind toward the ½ ing in late march early april
There is no doubt about the what you speculated concerning the price, was actually thinking could see $50k before 31 Dec and expect the unexpected beginning from March to June next year.
Though my expected price for the halving is not above $90k to $100k, so whomever that must be involved of the rally still have some chances to buy since the current price is good entry point to acquire some reasonable values of bitcoin.
The current pump is quite satisfying to see compared to the previous months where it was just stuck below $30k but it was not yet convincing enough to say and think that we are in a bullish state already. Maybe my set of price targets to say that the market is bullish when it reaches $50k but also because it was normally we saw bullish after halving. Maybe I was wrong but we won't be confident enough that there is no dump happen in the coming as surely it comes. However, it was not like in the previous correction that it fell badly.
So far the current rise in price looks healthy and charts are healthy as well but I have once concern because we couldn't break the 38k$ resistance and right now , the consolidation on that price is kinda huge and not so easy to break. Besides this , the 40k$ range looks unbreakable right now but I'm sure that if we go over 38k , huge resistance walls will go away automatically in order to prepare Bitcoin for the big pump that is to come for next year. Until then , we can only observe what Bitcoin wants to do for the rest of the year.
The current pump is quite satisfying to see compared to the previous months where it was just stuck below $30k but it was not yet convincing enough to say and think that we are in a bullish state already. Maybe my set of price targets to say that the market is bullish when it reaches $50k but also because it was normally we saw bullish after halving. Maybe I was wrong but we won't be confident enough that there is no dump happen in the coming as surely it comes. However, it was not like in the previous correction that it fell badly.
Last week was highly anticipated for Bitcoin (BTC) enthusiasts, as it saw the price surge above levels not seen in over a year. Taking a look at the moving averages, the MA-20 (in red) has shown significant strength compared to the MA-50 (in orange) and has managed to avoid any negative trends this month. This suggests a positive sentiment for the world's largest digital asset.
On the technical front, the RSI (Relative Strength Index) is poised for a potential move into the overbought territory. This might lead to profit-taking as BTC could reach new yearly highs once again.
This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
On the technical front, the RSI (Relative Strength Index) is poised for a potential move into the overbought territory. This might lead to profit-taking as BTC could reach new yearly highs once again.
This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
Frankly speaking, I couldn't care less about MA-20 or MA-50. I think that the price will start doing down back to 30K USD.
I don't understand the growing optimism about the Bitcoin Spot ETF approval. I'm usually pessimistic, when there's too much optimism on the markets. I have the feeling that the Bitcoin ETF won't be approved and this will cause a price crash back to 20-25K USD.
In 2024, there will be a short term recession, which will cause price drops across all financial markets. I don't believe that Bitcoin will turn into a legit safe heaven asset. I'm still optimistic about 2025, though.
It's better for us to enjoy the current Bitcoin price movement and remember to keep accumulating more Bitcoin. That is if you still want to use this time to collect Bitcoins. But if you feel you have had enough, you just have to wait for the time to sell Bitcoin and take the profits.
It can only be enough to accumulate bitcoin if you don't have money to buy more but for those who have money, it is time to keep DCA on because the bull this season is really expected to either hit the 6 digit area.
However, I won't advise taking loan to invest in btc If you don't have enough just invest as little as you can ride with the bull next year.
We have to be patient because after the halving moment, there will likely be a movement that will provide an opportunity for Bitcoin to increase. And if that happens, yes, we expect Bitcoin to reach the 6-digit area.
It's better to use a little money but regularly buy Bitcoin than to take out a loan. We don't know when Bitcoin will rise but we have to pay the loan every month. If we don't have enough income to pay the loan, it will clearly be a burden on us.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
I expect the price of Bitcoin to go higher than that. However, the support levels are for those who are into Bitcoin for short term gains and for those who have been holding for long, it depends on your income and how long you’ve been holding before you chose to sell.But I disagree with your point that the reason for this bullish momentum is “increased optimism surrounding the potential approval of the Bitcoin Spot ETF by the SEC.” We have already noted in previous posts that the impact of the approval has diminished very much and is unlikely to be the reason of Bitcoin's current rise.
What an interesting comment. I believe it is a false assumption that a spot ETF will immediately raise the demand for Bitcoin and contribute to the potential rise of the price of Bitcoin which is leading to the Bullish moment we see now. Since 2017 all the bitcoin spot ETFs have been delayed and rejected I dont know why this current one seems differently and many persons are certain that it will be accepted. I hope to see the outcome on the last day.
It's better for us to enjoy the current Bitcoin price movement and remember to keep accumulating more Bitcoin. That is if you still want to use this time to collect Bitcoins. But if you feel you have had enough, you just have to wait for the time to sell Bitcoin and take the profits.
It can only be enough to accumulate bitcoin if you don't have money to buy more but for those who have money, it is time to keep DCA on because the bull this season is really expected to either hit the 6 digit area.
However, I won't advise taking loan to invest in btc If you don't have enough just invest as little as you can ride with the bull next year.
Buying near the current cycle peak is not a good idea even on DCA, much better to wait for a minor correction after the big green candle before adding more coins to your stash. This way you can guarantee more average price to the lowest possible buying price amount.
Margin is available in exchange which is more suitable to use than borrow money with high interest. Margin on the forum gives you the ability to increase your capital by just adding minimal risk depending on the amount you are borrowing.
It's better for us to enjoy the current Bitcoin price movement and remember to keep accumulating more Bitcoin. That is if you still want to use this time to collect Bitcoins. But if you feel you have had enough, you just have to wait for the time to sell Bitcoin and take the profits.
It can only be enough to accumulate bitcoin if you don't have money to buy more but for those who have money, it is time to keep DCA on because the bull this season is really expected to either hit the 6 digit area.
However, I won't advise taking loan to invest in btc If you don't have enough just invest as little as you can ride with the bull next year.
We will see later. Meanwhile, Bitcoin's highest price is currently still at $37k, even almost touching $38k. The next Bitcoin price target could be at the $ 40k- $ 45k level, as Bitcoin is almost touching $38k. Sooner or later, a Bitcoin Spot ETF will be approved. It's just a matter of time.
We don't need to wait because it seems that demand for Bitcoin Spot ETFs will get stronger. And it seems the SEC can't delay its approval any longer either. And if that can happen in December this year, Bitcoin could easily reach above $40k. It will probably exceed $45k.
It's better for us to enjoy the current Bitcoin price movement and remember to keep accumulating more Bitcoin. That is if you still want to use this time to collect Bitcoins. But if you feel you have had enough, you just have to wait for the time to sell Bitcoin and take the profits.
We don't need to wait because it seems that demand for Bitcoin Spot ETFs will get stronger. And it seems the SEC can't delay its approval any longer either. And if that can happen in December this year, Bitcoin could easily reach above $40k. It will probably exceed $45k.
It's better for us to enjoy the current Bitcoin price movement and remember to keep accumulating more Bitcoin. That is if you still want to use this time to collect Bitcoins. But if you feel you have had enough, you just have to wait for the time to sell Bitcoin and take the profits.
I agree with you on the possible scenario for Bitcoin in the near term, as the next target is expected to be at 38K$ and due to the potential earnings momentum, we may see it rebound to the support levels of 33K$ and below.
But I disagree with your point that the reason for this bullish momentum is “increased optimism surrounding the potential approval of the Bitcoin Spot ETF by the SEC.” We have already noted in previous posts that the impact of the approval has diminished very much and is unlikely to be the reason of Bitcoin's current rise.
But I disagree with your point that the reason for this bullish momentum is “increased optimism surrounding the potential approval of the Bitcoin Spot ETF by the SEC.” We have already noted in previous posts that the impact of the approval has diminished very much and is unlikely to be the reason of Bitcoin's current rise.
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
I have been saying 42k by nov 30 - dec 1. and 48k by dec 31 - jan 1
some jan profit taking down to 40k and a slow up tick grind toward the ½ ing in late march early april
If we look at the previous trends the bull run should start now itself because most of the time second half of December is the time when we see Bitcoin's downtrend and it was the 10th November 2021 when Bitcoin reached it's ATH and we ended the December around $48k and further during dropped further $12k before the end of January 2022, basically October and November are the months when we an yield profits and Bitcoin can further surge but December has been dull month and we witnessed drop even during December 2022.
I think we need to be very cautious in the month of December to avoid losing money in FOMO. As you have mentioned we can expect upward trend during March/April due to halving.
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
I have been saying 42k by nov 30 - dec 1. and 48k by dec 31 - jan 1
some jan profit taking down to 40k and a slow up tick grind toward the ½ ing in late march early april
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Personally, that's anticipation for me. I'd bet my money on it. As I've said, Bitcoin will hit $100,000 in 2024 or 2025. Don't compare the previous halving. When the halving took place in May of 2020, the price of Bitcoin was just around $8,000. More than a year later, it reached almost $70,000. Now the halving in 2024 is different because Bitcoin is already at a high point, perhaps more than $40,000. That's the starting point. So when the effect of the halving starts to reflect on the price, it would only need to double and a little more to hit $100,000.
Oh I like this. How much are you willing to bet? I hope it's not too small that it will just be eaten up by transaction fees. Also we will be putting our bet money into escrow, that also requires a fee. But I'm not also thinking of a really big amount because I don't have much and also the time frame of this bet is rather long. But I'm willing to bet on this because I'm bullish on Bitcoin and I'm almost sure that the price would hit $100,000 in 2024 or 2025.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
Aren't you a little late with these price targets? It seems like you copied someone's analysis that is at least a few days old.
By the way, you forgot to copy the TradingView chart in "your" technical analysis.
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Personally, that's anticipation for me. I'd bet my money on it. As I've said, Bitcoin will hit $100,000 in 2024 or 2025. Don't compare the previous halving. When the halving took place in May of 2020, the price of Bitcoin was just around $8,000. More than a year later, it reached almost $70,000. Now the halving in 2024 is different because Bitcoin is already at a high point, perhaps more than $40,000. That's the starting point. So when the effect of the halving starts to reflect on the price, it would only need to double and a little more to hit $100,000.
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Not really, Bitcoin doesn't surprise us all the time. If it hits $40,000 by December, which I think is very possible considering that it has already reached $38,000 this early, I wouldn't be surprised at all. That's something I'm anticipating, just like I'm anticipating a new ATH or even $100,000 by 2024 or 2025. But if we talk of something incredible that Bitcoin suddenly does like growing $10,000 or 38% in just 1 month, that's unexpected and totally surprising.
What's probably not surprising though is the fact that Bitcoin surprises us every now and then.
Personally, that's anticipation for me. I'd bet my money on it. As I've said, Bitcoin will hit $100,000 in 2024 or 2025. Don't compare the previous halving. When the halving took place in May of 2020, the price of Bitcoin was just around $8,000. More than a year later, it reached almost $70,000. Now the halving in 2024 is different because Bitcoin is already at a high point, perhaps more than $40,000. That's the starting point. So when the effect of the halving starts to reflect on the price, it would only need to double and a little more to hit $100,000.
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Not really, Bitcoin doesn't surprise us all the time. If it hits $40,000 by December, which I think is very possible considering that it has already reached $38,000 this early, I wouldn't be surprised at all. That's something I'm anticipating, just like I'm anticipating a new ATH or even $100,000 by 2024 or 2025. But if we talk of something incredible that Bitcoin suddenly does like growing $10,000 or 38% in just 1 month, that's unexpected and totally surprising.
What's probably not surprising though is the fact that Bitcoin surprises us every now and then.
don't assume to much that it will plunge because its on the overbought high in RSI, they institutions want you to think that way which you will be waiting for the price to dump while the price soar higher.
if you compare it to the previous bull run, its almost the same where it shoots up instead and the whales got your coins. they don't care anymore whether they bought it at a high price. they only care about having more BTC. and we havn't got the ETF approved yet and the coming halving is still approaching.
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
I think that whatever bitcoin market does, it will always surprise people no matter what, probably a smug few would say that they have expected the price to go that high but I don't buy that because they definitely just want to look like they are ahead of the curve. Sure they might have expected that bitcoin will go up since there's the ETF approval stuff but I still don't buy that people are expecting it. Now that you have given the actual figure, I would say that it's a lot of growth. I guess we should be safe to assume or expect that bitcoin's going to be going at more than 40k USD in December?Not really, Bitcoin doesn't surprise us all the time. If it hits $40,000 by December, which I think is very possible considering that it has already reached $38,000 this early, I wouldn't be surprised at all. That's something I'm anticipating, just like I'm anticipating a new ATH or even $100,000 by 2024 or 2025. But if we talk of something incredible that Bitcoin suddenly does like growing $10,000 or 38% in just 1 month, that's unexpected and totally surprising.
What's probably not surprising though is the fact that Bitcoin surprises us every now and then.
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
I think that whatever bitcoin market does, it will always surprise people no matter what, probably a smug few would say that they have expected the price to go that high but I don't buy that because they definitely just want to look like they are ahead of the curve. Sure they might have expected that bitcoin will go up since there's the ETF approval stuff but I still don't buy that people are expecting it. Now that you have given the actual figure, I would say that it's a lot of growth. I guess we should be safe to assume or expect that bitcoin's going to be going at more than 40k USD in December?
Were they anticipating it or were they all surprised how those previous weeks turned out? I wonder if anybody actually anticipated that Bitcoin would leap more than $10,000 in just a month's time. That probably caught a lot by surprise. That wasn't normal. Despite Bitcoin's volatility, nobody would have anticipated that it would grow that much in so short a time. That notwithstanding the fact that an approval of a Bitcoin spot ETF by the SEC is not yet announced.
Bitcoin almost touched $38k from its last move, just about a few dollars away from hitting the $38k price you talked about, So we shouldn't be talking about $38k to be the next level because the price almost smashed that price target, we should be looking at a higher price of $40k-45k which if looking at the chart that should be the next destination point for BTC to reach.
that's the next target in this market, 40-45k range. and i guess, that's not too hard to achieve. once we surpass the 40k mark, it can easily go up in a matter of hours, or days, who knows? but before seeing those levels, you might want to think on how you can take advantage of such opportunity.
as we have seen, we are seemingly bullish these days. before this year ends, a lot of people may be are happy holding their satoshis. maybe, time to cash out some to enjoy what you've been waiting for long.
Well I think that bitcoin BTC is due for some correction and it needs to test the lower low on the daily time frame. Although the momentum in bitcoin is so strong that we can move straight up without retrace, but such moves are usually unsustainable and not considered good ones.
Also for the bull run to commence, a healthy correction is needed. We don't want to get too much in the over sold territory. The higher we go without retracement and testing lower levels , the bigger will be the dump.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
Bitcoin almost touched $38k from its last move, and it was just about a few dollars away from hitting the $38k price you talked about, So we shouldn't be talking about $38k to be the next level because the price almost smashed that price target, we should be looking at a higher price of $40k-45k which if looking at the chart that should be the next destination point for BTC to reach. However, while the volatility factor of bitcoin remains, we may expect for some price decline but most likely its only a preparation of the market before bitcoin price skyrocket again and reach a new price resistance or a new all time high.
Bitcoin almost touched $38k from its last move, just about a few dollars away from hitting the $38k price you talked about, So we shouldn't be talking about $38k to be the next level because the price almost smashed that price target, we should be looking at a higher price of $40k-45k which if looking at the chart that should be the next destination point for BTC to reach.
that's the next target in this market, 40-45k range. and i guess, that's not too hard to achieve. once we surpass the 40k mark, it can easily go up in a matter of hours, or days, who knows? but before seeing those levels, you might want to think on how you can take advantage of such opportunity.
as we have seen, we are seemingly bullish these days. before this year ends, a lot of people may be are happy holding their satoshis. maybe, time to cash out some to enjoy what you've been waiting for long.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
Bitcoin almost touched $38k from its last move, and it was just about a few dollars away from hitting the $38k price you talked about, So we shouldn't be talking about $38k to be the next level because the price almost smashed that price target, we should be looking at a higher price of $40k-45k which if looking at the chart that should be the next destination point for BTC to reach. 
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
Aren't you a little late with these price targets? It seems like you copied someone's analysis that is at least a few days old.
By the way, you forgot to copy the TradingView chart in "your" technical analysis.
Your post is better situated in the speculation board than bitcoin discussion.
This is a great analysis that is currently surrounding the bitcoin market now. The momentum and anticipation of the bitcoin ETF is what has been fueling the increase in price of bitcoin recently and we might see a downtrend if bitcoin ETF isn’t approved by end of the year. That time will be the last time for those who haven’t invested a considerable amount in BTC or haven’t invested at all to get into the market. If for any reason the Bitcoin ETF gets approved, the market will continue in an upward direction until the time of the halving and eventually bull run.
This is a great analysis that is currently surrounding the bitcoin market now. The momentum and anticipation of the bitcoin ETF is what has been fueling the increase in price of bitcoin recently and we might see a downtrend if bitcoin ETF isn’t approved by end of the year. That time will be the last time for those who haven’t invested a considerable amount in BTC or haven’t invested at all to get into the market. If for any reason the Bitcoin ETF gets approved, the market will continue in an upward direction until the time of the halving and eventually bull run.
Bitcoin is really struggling to break the $38,000 price point. I will not stay bullish on Bitcoin for long. If it's unable to break the target, then it could eventually go down. I'm not so good at market analysis but it does seem like a hanging man pattern on the daily chart. From my analysis, it's going to go down and then push back up again maybe about in a week or two. And if it is unable to break the target point again then it will take more time to become bullish again.
I'm out of the market for a bit and I don't know about what trend and news are spreading on the internet about Bitcoin. Any good news can push Bitcoin to break the target point and become more bullish or a total opposite could happen. If your investment plan is for a long-term, then it is better to hold and not think about this small movements.
I'm out of the market for a bit and I don't know about what trend and news are spreading on the internet about Bitcoin. Any good news can push Bitcoin to break the target point and become more bullish or a total opposite could happen. If your investment plan is for a long-term, then it is better to hold and not think about this small movements.
Last week was highly anticipated for Bitcoin (BTC) enthusiasts, as it saw the price surge above levels not seen in over a year. Taking a look at the moving averages, the MA-20 (in red) has shown significant strength compared to the MA-50 (in orange) and has managed to avoid any negative trends this month. This suggests a positive sentiment for the world's largest digital asset.
On the technical front, the RSI (Relative Strength Index) is poised for a potential move into the overbought territory. This might lead to profit-taking as BTC could reach new yearly highs once again.
This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
On the technical front, the RSI (Relative Strength Index) is poised for a potential move into the overbought territory. This might lead to profit-taking as BTC could reach new yearly highs once again.
This bullish momentum, breaking through the $35,000 mark, is largely attributed to the growing optimism surrounding the potential approval of a Bitcoin Spot ETF by the SEC.
Overall, the next targets for BTC can be placed at $36,000 and $38,000, respectively. In case of profit booking momentum, support levels can be placed at $33,000 and $30,000, respectively.
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