Quote from: _act_ on September 24, 2024, 08:01:24 AM

Are you seeing the news recently since 4 days or a week ago or even more. It has been very positive. Some analysts are saying bear market is over for now, some said that bitcoin can increase to $80000. I am reading more of the news recently.

Based on market sentiments, it does feel that there is a positive vibe in the market lately, and we have seen Bitcoin showing some positive movements as well in the past few days. There has been a lot of positive news circulating in the market which surely has contributed to this, such as the news about Bhutan having large sums of Bitcoin as reserves which has been the news of the town recently and has caught a lot of attention by people around the globe.

Quote from: Richbased on September 24, 2024, 04:27:19 PM

If we go by the market sentiment within this time last year you will see that similar thing is likely to happen because September last year the price was around $27k and in October it increased significantly to $35k so possibly looking at the price of Bitcoin now and how it has maintained around $63k I think there are some signs of bull trends that can predominantly make the price to gain more strength and skyrocket further before the year comes to an end so if there would be signs of a bear season then it should be expected by next year but for this year, it's most likely to finish in a bull run.

The market usually tends to stay on the positive side in the last few months of a year and we have seen that in the previous years as well. Currently, there hasn't been major movement yet, but as you said, the market went to $63k and has been pretty stagnant around there, so it shows positive signs.