Bitcoin Forum

as the October began the festivities of Uptoberfest started too and with it a a strong positive signal shook the market. for the past week bitcoin price has been smashing new highs almost every day surprising everyone.

currently sitting at a whopping 37.9% rise the market is showing a lot of promise. but price rise is not the only gift of this festival. Uptoberfest brought with it the slow down of the FUD against bitcoin, the huge loss of shorters and finally the whalebears who are now at a crossroad needing to make a decision, either to continue losing money or get on the bull train.

https://i.imgur.com/feCoC5g.jpg

with the $50,000 resistance under a barrage of buy orders we could see this Uptoberfest end with a new ATH.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.

Let us hope so, let us expect increase in the price of bitcoin, but actually I have sold some of my bitcoin just because of the rslesistance at $50000. If the price reduce back to $40000, I will buy again, but if the price continue to increase, there is nothing bad about it, it will still favours us all to earn more.

Bitcoin price at $50000 has now been a debate by the analysts if the price will increase to ATH or not, it is very possible but $60000 will be another resistance if the price increase above $50000. That is the resistance at ATH, but we should first get above $50000 to know if the price will reach ATH but I am not very optimistic about the price reaching ATH but that does not mean it is not possible.

True.

It seems that the FUD did just passed after making a temporary effect to the market and then eventually the market has recovered.

And those who have said that they have to wait for the price to drop some more, they've waited for nothing because the reversal has came so unexpectedly and it's even better.

Love the title, lol. And yeah, shorting bitcoin in the last 5 days is a suicide, as you will be slam and getting REKT by the incoming herd of the bulls.

Next stop is $60k early next week again, the market is still very hot and very bullish and S2F model prediction discussion is starting to heat up again in social media. If it is true, then we can break 6 digits very easy this year.

Right, no one expects it to smash $50k resistance very quick. Because the last time we broke $50k, it took us like 3x to finally breach it and then sustained the run to $52k.


Maybe because FUD doesn't have the sting effect on the market, yeah, it did bring it down to $42k but we have recovered, showed a lot of promising by punishing those who go short on bitcoin.


October really started very hot, and hopefully it will go parabolic and possible to see $100k whether this month or before the year ends.

The Q4 of this year is gonna be interesting for Bitcoin enthusiasts, investors and holders. We all know that Q4 is a “bullish” period but anything could happen like some sudden circumstances that would result to short term setbacks of the price. Even me of course, I am surprised that BTC’s price grew to $50,000+ like crazy in just a short amount of time.

My friend told me that the next resistance would be $59k based on how Bitcoin’s price explode that high smashing the resistance. Even my high school classmate who is also investing to Bitcoin, bought some sats while the price is at $42k and now he’s enjoying the profits.

This is gonna be an interesting month until the year ends. Let’s just hope for the best guys!

I do not expect us to move away from the price range from 48k to 66k, but it is surprising that despite all the negative news in the previous days, the price continued to move in large ranges?

The last month of the four-year cycle is usually epic so let's look at what happens to the price and how it matches up with a S2F model.
according to @100trillionUSD twitter account:

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K


https://twitter.com/100trillionUSD/status/1406577006230245376

so we will stop at 63K

^^ Still good if we are going to stop $63k then move on November. But October is really the start of a bullish run, it could be super fast rally again. We did stop at $54k-$55k but there's a lot of room to see at least $60k again. S2F is playing out the scenario like clockwork and hopefully if it holds then $100k in December is doable. And it shows how resilient bitcoin is that no matter what FUD we here, it will just have a small dent in the market. And when everything settles down, the price is going higher. Last stop was $52k before the dump because of the FUD, but now we have break it.

its been said on some threads that septermber is always the bear months even on stock market. october is also said to be the opposite of it.

hope to see this bulrun will continue til december after all the US regulation is already losen up and FED has no plans to ban.  and institutions are back in buying up.

Seems like it’s a repeat of 2013, pretty much to the month. We started to rally at the beginning of the year and we topped at $64K in April, and then we bottomed in July and in October started to rally again. And if 2013 is repeated we would top somewhere in November.

It’s pretty scary how similar it’s becoming and it’s worrying me.

Because if we are all going to trade like it’s 2013, most likely the opposite will happen.

This might match the date of taproot activation which is set to be a mid November. And that's where I think market will rect "2013 like traders" doing the opposite. People will dump in November seeing market correction thinking its the end of bull run (just like in 2013) while it will be just a "buy rumours sell facts event" and we will continue to pump for next few months right after. Mostly because the bigger the asset is the slower it moves. And performance of 1B$ asset with nerd as average investor is not a good indicator for trading on close to 1T$ asset with institutional investor as average investor.

Is there any supporting data that this month is the bull month for each year for both crypto and stock market? It seems to me impossible that there are days like this and to be honest, I think that it's all just a coincidence.

No there isn't. In fact, October is usually a bad month for the stock market. See:

October: The Month of Market Crashes? (https://www.investopedia.com/articles/financial-theory/09/october-effect.asp)

What he says has no scientific basis. When we talk about regularities in financial asset prices, we are on a slippery slope, because the supposed regularities we see in the past can always change in the future. They are not like the regularities of the orbits of the planets.

And even less can we draw conclusions about supposed regularities in the case of an asset that has as short a history as Bitcoin.

I knew it, there's definitely something wrong with that claim so I did ask the right questions after all. That's probably the reason why some analysts think that the 57k pump of bitcoin was a bull trap. Probably we can have some supporting evidence that October's definitely not the year.

I personally haven’t experienced any of the news as bad in the literal sense of the word, because if you’re referring to “China banned Bitcoin again” it really doesn’t make sense, except for the extremely naive ones to whom you can sell the same news xx times in a row. South Korea is trying to bring order to the cryptocurrency market in the country - quite logical if we do not want to constantly listen to the news about the hacking of their crypto exchanges. The only possible negative news is the one about a possible bill that should have been voted in the US, and according to some it would be very negative for cryptocurrencies, but it seems to have been postponed until further notice.

Coincidentally or not, the current run started at a time when Jerome Powell (Federal Reserve Chairman) said the US had no plans to ban Bitcoin, and some took it as very positive news.

---

Weak hands will always be weak hands, this has been proven countless times so far. Ever since we reached ATH, theories have surfaced that this is the end of the bull run, and many have believed it. There will always be those who will regret what they missed, and those who played their cards wisely.

Uptoberfest haha, I love it. The month has certainly started well & delivering on the promise of the 2nd leg of this bull run by the likes of Plan B. New ath is expected this month & beyond. $100,000 is still on the cards by tge end of the year too. Good luck everybody.

This is definitely a cause for celebration  :)

https://i.imgur.com/WZweTv3.jpg

Man, I love those huge pair of B's.  ;D

Uptoberfest indeed as Bitcoin usually rise atleast at the starting month of the 4th quarter. I am once again surprise by how Btc has been performing and recovered quickly amidst the wrath of Chinese FUD, that causes some of the investors to dump right after the news came out (I guess weakhands have learned not to focus on one news).

Now, let's move forward to see $60,000 soon.

^  Yup, hope so.  But it feels like there’s gonna be some weekend slump happening before BTC gets back on track and trends strongly up again.  It’s prolly nothing but that buy up to 56k a few hours ago followed by the sudden quick sell down back to 54k is somewhat concerning.   But overall yeah..  It should be an up month.

During the week-ends the price movements tend to be.. not normal. So literally anything can happen (or maybe nothing at all).
The price already looks good (even after getting back to 54k) and the month has just started. But I hope it'll get higher, even this week-end.

Name is definitely a great one, uptoberfest :D. We have started this month amazingly, I am not sure if we will be able to keep it going though. I mean think about it, the first week was so great with nearly 40% increase that, I doubt we could keep doing that back to back right? Even at 25% like CMC shows, at 54k another week would mean 67k and then another week with 25% would mean 84k and another week to end the month would be 105k.

So, if we keep the current run going with the same 25% weekly for the whole remainder of the month, we would have 105k by the end of the month. I am not saying it is impossible, this is crypto and anything could happen here, however I do see that as a little bit more unlikely let's say. Definitely a "technically possible" thing but quite improbable when you look at the market. Highest I believe it would be this month could be 70k+ and even that is great.

I do hope there's some weekend slump because I really want to make sure that I have enough bitcoin and I can use that slump as a window of opportunity to buy more bitcoin in hopes that I will be able to buy more with my money and at the same time make sure that I can guarantee a big profit.

The name tag made me realize that we usually do not have a day for bitcoin. I mean like some celebration type of day, we have it for many things but we do not have it for bitcoin. I believe whatever day we pick, like maybe the date whitepaper was published or the day wallet was released or whatever we can call the start day, or even maybe some other day could be picked as well. We just need one day for celebrating bitcoin.

If we had that, I am 90% sure that day will see bitcoin increase due to celebration and it will be great everywhere around the world as well. Every crypto person would go out and celebrate that day with other people and will have fun. Why don't we have something like that? It could have been amazing for all of us. I appoint whatever day bitcoin became first available for public, that would be a good day to celebrate.

Well this is expected to see a slump for bitcoin since there's no all ups will gonna happen and correction always strike when bitcoin goes up in a moment but expect that major comeback will happen so its really good to buy back while market is in bargain price since as you said when bitcoin pumps again we will have a guarantee profit if only we have iron balls to hold it for long time until huge pump came.

I don't see a slump this weekends, still very strong at breaking $55,000. Casual traders just selling around that price for a small profit but then the price will go back to that level fairly quick even in weekends.

So not sure how you can squeeze some profits this weekends, as it is very active day trades. Let's see how far this bull run will go this  Uptoberfest, maybe a new all time high as early as this month and then November-December the eventual 6 digits.

The most important date is Oct 18 which is the first ETF decision, if it is delayed or rejected there is another one that has a great chance of approval a few days later. Most likely if the first 2 ETFs are rejected then we might see a sell off before November starts. Which is a tricky way of trading since November’s are usually very bullish.

However right now they way the market is trading it seems that ETF has a great chance of being approved and then when it finally goes live in a month or so, that might be the “buy the rumor and sell the news” type of event just like when CME launched Bitcoin futures back in late 2017.

We hope this scenario goes well until the end of this year, given that many things that affect bitcoin continue to be suppressed causing them to crash at times, but if you look at the picture, bitcoin is experiencing a fairly stable price for this month, despite the correction for bitcoin on the previous months, it was only temporary and the bitcoin recovery is quite fast at this time, I believe bitcoin will reach good value at the end of this year or until early next year.

This is getting interesting, btc price is above $50k in the last 5 days strong support at this level, I hope the momentum will continue this  " UptoberFeast "  if this happens we can now expect for another ATH and its coming; last month btc went down to $39k cause by so much FUDS but here we go again strong bounce, keep hodling guys 6 digits on the way.

Nah, it won't get near to 6 digits the way you expect it, Bitcoin barely break the new ATH and after touching the $60k tops it went down to $54k. I won't get my hopes that high if most people would hodl it might happen though but we have whales and we can't do anything about the market if they want to get their profit.

I would expect another 4 years cycle if you really want to attain the 6 digits price and that's for sure would totally going to happen. But for now, it's quite stable at this price range staying $54k-$55k or perhaps it's just testing the resistance.

current market conditions make everyone excited again in the crypto world, bitcoin will have an impact on all existing coins, not to mention altcoins, bitcoin will make a surprise in the following months, with price increases that are so expensive, then other coin opportunities too will rise at the same time, this is what people are waiting for, is it the end of this year or the beginning of next year, let's wait?

Nice one, OP. Nice.

As you say, a lot of big wins, and fore personally, just happy to get more long-awaited juice to the battered 200MA, so am enjoying this as much as the next.

Sweetest win would be to see the whalebears insist on shorting though. Cause that would put a further squeeze on whoever's left when ATH is rewritten. Might even extinct some of them in the process.

Choo choo or too soon?

Let's move from Uptoberfest into No Drop November. ;D
I can't figure out any other word that can replace the famous "No Nut November" phrase. ;D
I don't think that the bears are losing money right now.There's still a chance for a price correction to happen.
The price increasing from 41K to 55K USD in less than 2 weeks seems like a price bubble to me.This price bubble might get popped at some point.
The traders,who are shorting BTC right now are probably mad,but we the Bitcoin bulls simply don't care.


Nah,news about Bitcoin ETF aren't that important.Such news can't help for building hype around Bitcoin anymore.

But I believe this is one of the reasons why we saw a huge pump on Bitcoin recently, especially when the month of October started.

But for me, I'm still believing in technical analysis. Zooming out the chart, and if you can see the monthly candle for the last month, it was indeed bullish, closing above $40,000 last month's candle is a bullish sign for me and it's gonna be an easy $50,000 breakout for Bitcoin and it happened. Uptober indeed!

i hope you all enjoyed the first 10 days of Uptoberfest. we passed $50k resistance like it was nothing and today $57k was reached with a great momentum that is headed towards $60k and if the same pressure is kept we will pass that like it is nothing too :D

to address some comments, i can see that this trend could be the start of a lot of good things to come. surpassing $60k will be key and it will trigger more buyers attacking the sell orders eating them up real quickly.
i don't think it is too soon for "choo choo" either. specially in mid November when we get Taproot and $200k could be around the corner as it activates.

Uptoberfest can easily pour into November and December making 3 months of bull run with some rest during new year and then much bigger bull runs in first 3 months of 2022.

The Bitcoin etf news is important now because it actually had a good chance of being approved. The spot ETF were rejected in the past because the issue with custody of physical bitcoins would be difficult. Imagine the cold storage holding those coins ends up hacked or loses the ETFs holdings, what would happen then. Too risky.

However there ETFs are just following the Bitcoin CME futures ETFs which are cash settled. Seems more safer and it’s been 4 years and the Bitcoin futures were pretty reliable without any issues such as massive liquidations.

So there is a good chance one of them or all the future ETFs will be approved.

I had my heart broken too many times off possible BTC ETF to believe its true till it actually passes.   The problem is they dont want to encourage the mainstream, obviously they are a bit late on that but still Ive seen some regulatory measures tightened this year against the general public so Im not yet convinced.
   I actually think we're outside the uptrend (https://talkimg.com/images/2023/06/12/AYpl3.png) and today's peak has been a recovery back to the underside of that.   I dont know it has to matter or not but I'm bearish until we improve a bit from here, if I had an open trade I might well close some.   I can only count 10 days in this trend, I dont think its as important as the fact we've broken back into the highest range of prices and I remain optimistic medium term.

I believe that had nothing to do with the current situation. ETF has been postponed a million times already, if it is a good news then we would all be happy however if it is rejected or postponed then it would be what we expected anyway and I doubt anyone would be shocked. At the end of the day who really thinks that ETF will be a thing and invests accordingly, sure there could be "some" but not enough to make the market move this much.

This is why I believe that there is a good chance we could end up with nothing at all if it gets postponed as usual. The reality is that people are bored, literally bored and that is a very important metric if you want to know the result, if people are bored then they will not care about what's going on.

I missed the $41k opportunity as I had $42k as psychological support in my mind and it broke down, so didn't buy later and waited but stopped checking markets. Later I saw that it reached $43800 and thought of opening a leveraged position of BTC/USDT pair between 10 to 20x, but I got a call and went afk. Then I forgot, and till I would have done anything later, btc broke $48k and I was in biased mood, so didn't open it again. And now I'm in regrets. But I hope I will get another opportunity again.

The market is very volatile even though the market is experiencing strong support in the last 5 days, but stay alert for a sharp decline unexpectedly. From some of the markets we see only bitcoin, ethereum and binance are still in the green zone while the rest are trading in the red zone. so red status will likely occur in large markets.

That is the outcome if you always wait for its price to drop down and reach its dip, without knowing that bitcoin has set to start its upward trend until it reaches to its new ATH. But i know in the middle, price correction will certainly occur that will give an opportunity to all those who did not bought bitcoin when the price was quite low. This has always been the trend. So for those who are in the waiting game, better prepare your funds so you can be profitable too when the peak is already in front of you.

Thanks for welcoming us and other investors who are patiently holding and waiting for this moment :D.
The time has come for Bitcoin to try and retest its previous ATH of near $64,000. :D Nahh too early. Lets wait for Bitcoin to surpass the $60,000 price before saying that.

Right now, Bitcoin has started to go up and right now it is at the $57,000-$58,000 price range. Fck China who is trying to ban cryptocurrency in their country. I'm slowly accumulating Bitcoin because I know that this time will come :).

I did not realize ETFs were again coming into the picture, but is there any reason to believe they will be approved when all others always got rejected many times before final approval? And more important,,, is there any reason to believe rejection will result in sell off? Is ETF not a chance to buy more? Why would people sell off when they cannot buy more? :)

Unfortunately whenever it drops there will always be people who panic sell, and they will be then complaining about not buying when it is low as well. I have been here long enough to know that there will ALWAYS be people that sell at the bottom, and that never made any sense to me, but that is how the market works. If they do not sell then how do we suppose to reach the bottom to begin with?

This is why I understand that the bottom happens because people sell, and they are doing something wrong and we end up buying at the bottom from them and that allows me to make more profit when it goes up, but without those people I wouldn't be able to buy from the bottom.

True Bitcoin price right now is good we must be thankful about that and hoping that it will last until next month, what we need to do now is to taste the fruit of our waiting. Cheers  ;D.

The traders who shorted have tried, but everything they had was absorbed by large bidders. Prepare to be liquidated, sers.

Plus I believe everyone underestimates how many multi-millionaire/billionaire-HODLers are out there, from politicians, to super-traders, to tech executives. DON’T SELL NOW, you will only be giving them to people much richer than you.

True as I have said before, shorters are going to get REKT in this kind of super fast rallies. They still didn't learn their lessons though.

Maybe the whole of Wall Streets are already in the market since last year, prior to institutions pouring their money and still continue up to this days that's why the price keeps climbing. Yes, selling right now is a stupid move, let's wait, it will just be another 3 months before the end of the year.

I believe at least 50% of this forum members might have listen to our words. I have been kept writing about the importance of buying at all dips and I do see lots of old people are always suggesting the same. (I remember this kind of positive posts about reaching new ATH was comparatively too low by the times of 2017 as most people were writing more frequently about bubble and its possible burst but bitcoin showed a 20x growth then). All I mean, now more number of people started being positive about having at least 10x rise this year which means definitely lot of people might have got chances to grab bitcoins below $30k after market was falling from $64k.

Imagine how rotten they must have felt, doing their best to sell -- volumes were pretty intense at some point -- and all they could muster was about 5% knocked off, and only to be eaten up rightaway. Think a lot of shorters will be going to the bank to gamble some more now, or stepping on leverage they normally wouldn't consider. They can't help it, but at least the purge will be harsher when their overextensions also get sucked up.

I think there is some rule somewhere among some traders,

Dont short Bitcoin in a Bull market




There is a general consensus that this 4th Q will be action packed in a positive way.
Uptoberfest is bringing us closer to $60k resistance and it will be onwards and upwards
for the rest of Uptober, hard to see $100k though.

Shorters are basically rowing against the wave and that is not a smart way to make money. I understand that there is that option if you want to use however just because you "may" make money some way and the option is available doesn't mean that you will be able to make profit that way. It is obvious that we are going to make a lot less profit if we are trying to short something that is a leverage against the inflation.

Bitcoin has always been a profitable thing in the long term to hold and if something is "hodl" as a meme that means there is a good chance that you are going to make a profit by just holding it and not shorting it.

This is a welcome break from the bears.

If you notice what is happening, every time BTC drops bears come out of hiding and tries to create FUD.

Instead of buying in that FUD, the time proven strategy is just keep holding your current position and if you do have the liquidity to do so, continue to dollar cost average into BTC. Given the increasing scarcity and improvements in the technology, it is inevitable that price rises in the long run.

OR, the shorters start accepting their mistake, and start FOMO-market buying Bitcoin, and make the surge stronger to a 6-digit price valuation per coin. Is it programmed? ATH by end of October, $100,000 by December? 8)

But there could be stubborn shorters out there, you really think logically, and still think that the price are still going to go down in a bull run.

And the fun still continues, $60k now, shorters are going to get rekt. Hopefully there could be some bunch who thinks that there strategy are not going to work with the way the market is going. They should followed "If you can't beat them, join them", and have this kind of attitude in a bull market.

Relative to the way it looks right now as of this moment, steady rolls upwards instead of crazy spikes, volumes holding well, that's actually what I'd call a conservative estimate. I'm going to be away and on mobile on Saturday where I expect we might revisit current ATH but won't be surprised if I return home to a new one.

Trying not to hold my breath =D

I really feel the same. We had so many people shorting that eventually it turned to something that is a very big trouble and that is why I am very relieved that we are doing fine right now. Yes it is still not good enough and there are times it has corrections and that is why there is always a situation where we are going to not know what is going to happen.

I understand that we are not going to have any situation that we would know beforehand. However, it is cool to finally see it doing fine, yes it is not going to be like this forever and we are going to have to live with the situation where it is not going to be good so we are going to have a bad situation eventually but it is basically good right now and I am looking at the good part for now and not the horrible part that may come up in the future. Let's hope that this continues for a long time.

Thanks for your support, bulls! On Binance, bitcoin just surpassed $60,000.

There will be a lot of people who will want to sell, but I choose to hold and go long. Take some time and it will clear your doubt or just examine the futures market of the same exchange that seems to be shy a couple dollars at this point in time. Buy if possible or hold on to your position.

I do not believe that it was that simple for us to reach 60k. It took a lot of time and a lot of money to reach this level. However, I believe that retail investors did not manage to get this level, it is obvious that we got a lot of help from the companies. The difference that companies made in this world is that they end up putting up millions of dollars, even over a billion dollars sometimes then we end up with something that is super high and skyrocketing because we have too many money going in right away.

So, I would say that corporations are the reason we are more bullish these days and not people like me because even when we all get together we can't be making what they are doing to crypto right now since we are not doing it all together, whereas we are talking about these corporations putting that much money all at once and that is the difference.

So it means that whales had to take this blame again and again. Well, that seems to be happening and those who bought Bitcoin at a discounted price will likely have their thanks to these people(whales) as the price won't just spike so fast without them. It's really hard to expect but this October really has an explosive pump that people aren't expecting. Might this be the beginning for another ATH this year? I think we should have to hold more this and wait until these whales/companies will stop buying.

But, We should have to be careful on the trap, invest only the money that we can afford to lose. That is the real deal.

Of course, whatever the condition of the market, even if its seems too bullish, but we should always be cautious because most of the time, a market trap happens when we least expect it. So always invest on the amount that is manageable to lose.

However, if the whales are behind this bullish market at the present, i guess its not bad having them in the market because we can also benefit from them. But remember, if they can make the whole crypto market bullish from all of a sudden, i think they are also very capable of having it reversed. In the end, what they did is just for their own selfish desires.

Usually this round numbers are really hard to break, but when the market do, the price will continue to go higher until we settles down. Mostly like $62k-$63k is what I projected. But let's see how it pan out, start of the week for the Asian market right now and hopefully maintain at the price or keep it higher.


And I do believed that some big corporations have been in the market for years now, direct or indirectly. So here we are again, super bullish market and those who have deep pockets like institutions are going to put huge money again and play.

We have touched already the last quarter of the year and it is by this time that bullish season will about to start. And i think the market will be bullish until the end of the year. So continue holding what's in your portfolio, you'll be in huge profits by then.

However, the market crash will definitely appear this time as it become so visible every time the market is heading to its bull run. But never attempt to end up panic selling because you start seeing the prices falling. I know its just a market trap and any one who falls for it will eventually be seeing themselves in a huge loss. So just keep holding your current position.

Its unresolved sideways I think, the recent low is part of a pattern (https://talkimg.com/images/2023/06/12/AYcl2.png) but nothing significant enough to be solid and sure of.   My take is its still working itself out, as always the fastest gains dont last forever they do require working out which sometimes is just drifting sideways as neither seller nor buyers are in absolute control.
   Lets give it a range of positive and negative boundary, that would be something like 58k below where negative caution is required, it might sell further or 62k above is where I think we can just bounce back and forth not yet solidifying gains to build on.

I agree with some pointers. Since I enter crypto in early 2016, the usual trend in the last quarter of every year is an uptrend. Based also on past, after the bull trend at the last quarter, expect corrections the quarter later which is next year.

Always consider taking profits if it's right to do so. Holding is good but make a wise decision to sold some.

This October has indeed been seen as the beginning of the Bitcoin sign at ATH and continues to show positive signs of the pattern shown, well even though it is caused by certain effects... basically the history of Bitcoin price movements at the highest is still not finished, of course already many people out there sitting around enjoying to keep holding their Bitcoin till reach the target where they have to sell it. And congratulations to those of you who have been holding for a long time from the previous year or months until now we see that it is like giving the green light.

It was just been while that we saw Bitcoin at $50k but all of a sudden it reaches $60k almost near to the last ATH this year. Uptoberfest has come to reality and I believe the majority are enjoying the moment but some are also in regret for selling too early.

I don't look at its history and check it every month but most of the time we have a price rally during the Christmas season and off again in late December. It might be the same scenario again this year and holding will seem to give us more profit as a reward for being patient.