Quote from: tabas on Today at 08:07:56 AM

Quote from: OgNasty on Today at 02:00:16 AM

A great sign for Bitcoin. More evidence that the ultimate bottom for the year may already be in and we could even get a little Christmas rally here. With people starting to eye the end of this economic contraction and the halving, we could be leaving the worst of it.

And what's more interesting, we're nearer to the halving and this year is about to end. It's true that we may have already done with the bear market, and we already hit the bottom for bitcoin. The world situation is starting to get better than the previous years because they're the worst and that would impact directly to bitcoin even if we say that it's highly not correlated.

Quote from: bitterguy28 on Today at 01:30:39 AM

17,190$ is the price now so maybe you are correct that it will be increasing in the coming months or at least maybe 18k before December ends?

$18k at the end of December is possible, more news to come on this month that may affect the price.

We still have over 500 days left until the halving, so it's not a short time. As I understand it, the positive market reaction is a result of the news from the Fed that they will begin to slow down the pace of raising interest rates but interest rates are still high and they say they can extend rate hike until 2024, so I don't think bear season is really over. We shouldn't get too excited as bitcoin is only up slightly and hasn't been able to break through $18k and $20k is an important level for the end of the year.