Bitcoin at $112K Bullish or Setup?

Bitcoin's hit around $112K after quite a rally. Billions worth of BTC moving off exchanges has some folks saying it's accumulation, like the big players stashing coins away. But is this really a good sign?

Not sure about the short-term, but I’m thinking long-term. I don’t trust technical analysis too much. Hoping Q4 will be like the past years usually a good time for Bitcoin. Been pretty flat this year though.

Yeah Q4 has been strong historically. I remember lots of green October and November days. Feels good this time too.

Totally agree! October tends to be bullish. Fingers crossed for a new ATH. Is FOMO on the horizon?

I doubt it’ll be that easy. Records don’t often get smashed so quickly. Could be a trap. Small traders might jump in thinking it’s a sure thing but whales could sell off, causing a fall.

Looking at old charts and expecting to predict the future? That's some wishful thinking lol. We gotta rethink our approach. Many of us still have goals we haven’t hit this year.

I’m all for Bitcoin going bullish in Q4. With the market sentiment and adoption, it looks promising for the long run. I think dips are still a chance to accumulate.

We're definitely in a bull phase. Whales playing with big amounts could be setting up retail traders. Just observing for now tomorrow could go either way.

Maybe time to close this thread and start a new one. We're over 114K now.

Appreciate it! This thread's done its job with BTC hitting 114K, but we’re back at 112K now. Still, it's bullish overall and the fun is just starting.