Bitcoin Forum

Economy => Speculation => Topic started by: Lilybasil on September 20, 2024, 03:35:10 PM



Title: Bitcoin hits $64K: What will October bring for BTC?
Post by: Lilybasil on September 20, 2024, 03:35:10 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Nrcewker on September 20, 2024, 03:58:49 PM
This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Iranus on September 20, 2024, 04:20:24 PM


Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Hamza2424 on September 20, 2024, 04:22:38 PM
After great mental torture in the first weeks of September and the entire of August finally, there's greenery in the crypto market especially Bitcoin is taking my breath even though I'm pretty sad because my 19th September Bitcoin market prediction went wrong where my prediction was around $59.5k almost for a reward of 50 bucks but I'm happy that market is around $63k haha which is more important.

For October ops sorry Uptober, I'm not certain about anything as there are still some resistance levels that we are testing for a long time for a new ATH. Honestly for one thing which I'm certain is a new good ATH by the end of 2024 it can be in December or October, let's see.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Ever-young on September 20, 2024, 04:24:23 PM
I don't consider the recent market move as being on the bull market already, but I will say that the market is trying to retrace all that it has lost in the past few days; some will say it's a market correction. 
 
Bitcoin crossed to $64,300 today and is now back to the $63k level on price protection. We can see more of such price movement in times to come, but we shouldn't say that we are already approaching the bull market, as this is not it.
 
Maybe if we see a constant positive movement in the market, they will lead us to $70k. If we allow it to last there for a long period of time, we could consider it a step toward the bull market.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: adaseb on September 20, 2024, 04:48:45 PM
This rally is most likely due to the higher than expected rate cuts. Stocks are hitting all time highs and so is Gold. There is also Silver which is trading higher and higher even though it hasn't broken its previous ATH yet. However this is an indication that the market is becoming risk-on because with lower rates people are taking money out of market funds and they are putting it to assets where they will generate more revenue.

The issue with this is that if people start to overbid on houses, cars, watches and what-not then the inflation cycle will repeat and we might get higher inflation numbers than before and Powell will need to hike even higher and higher. And the debt for US is going to accelerate at an even steeper pace. So lets hope he made the right decision to cut by 50 bps.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: rak012 on September 20, 2024, 05:56:52 PM
I think we will watch another movement. You know 29th September can be another significant day for crypto. In this day CZ will be released and it is a good sign specially for BNB. If it happens, then maybe we will watch BTC at near 70k. So October is lucky for traders. :)


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: DeathAngel on September 20, 2024, 06:07:37 PM
October is historically a strong month for Bitcoin, especially in halving years & one year post halving years. We have all had plenty of time to buy Bitcoin much cheaper than current prices & prepare for the imminent parabola. Sit tight & wait for the good times to roll. I expect October to see us pump higher into the $60,000s & potentially even touch $70,000s. October will set us up nicely for new all time highs in November & December.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: ImThour on September 20, 2024, 06:13:18 PM
Go check out my previous thread where I mentioned that it's going to be up only from now onwards when Price was at $54k, finally about $10k up from my post in some days, glad to see it working out. October is going to be a great month for Bitcoin and Other Cryptos as the weekly closing is very bullish and same goes for the monthly price chart candle. I hope we cross our local resistance which is at $73k this time.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Asiska02 on September 20, 2024, 06:39:55 PM
This market move have been off to a lot of corrections and unpredictable instances. I will not term this as bull run yet because it’s yet to break the resistance level of $65K. Even when that has been broken, so many confluences are their to consider before we can finally say a bull run is imminent already. The market have come off to a very good start when we look at the month of September, with just about ten days left to the end of the month, we may see a good movement of the market to the month of October. If we enter the month in an uptrend, we may as well continue in that form and history will repeat itself for October to be a good month for bitcoin from inception.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: coolcoinz on September 20, 2024, 07:03:05 PM
This is a topic fit for speculation, but if were to guess, I'd say that Bitcoin is gearing up for the end of the year.

If you look for instance at 2013 bull run, bitcoin pumped in Spring, then had a pretty boring Summer and woke up in December to reach a new ATH.
In 2017 it went parabolic in November and December, but these things happen a year after the halving, so it should happen in 2025 if we followed the pattern, but this could be December 2024 - January 2025, right?

I think that we haven't seen a bull run this halving and we will see it. It may be this year, or the next year. I don't think that we'll go to new highs in October or November of this year, rather next year, but bitcoin can go crazy and surprise everyone.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Ambatman on September 20, 2024, 07:07:15 PM
To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: The Cryptovator on September 20, 2024, 07:21:32 PM
For a long time, Bitcoin isn't playing well. I have been following free telegram channels that share the latest news and some signals as well. They had been saying we may see a bitcoin pump in October. Though they don't share much reason, it's good to see Bitcoin pumping, however. Another channel says it will pump and dip again before a real growth. It's necessary to out-paper hands before a real movement that could make a new ATH record. So overall, I am bullish on October, at the end of the year, we may see ATH again, I believe.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: AVE5 on September 20, 2024, 07:46:02 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


Did I missed out the $64,000 in the current market run? Because since I visited the coin market cap I've only seen best were the struggled to $63,000+ which is just at today as at the month of September. It's become impressive unlike the month of August.
Indeed the month has f September seems promising but we still can't confidently presume what may become at it's end.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: salad daging on September 20, 2024, 07:57:09 PM
October $70K and $80K? Who knows because October is that great month that people say it is and so is its history.
This could be called a bullish sign going forward but we never know what happens with a few months left, how high can the bitcoin price go by the end of the year? Probably no closer to $80K.
I don't think this is a frog spike or what people call a trap, this is a pretty good increase, maybe some investors already believe BTC will go up soon.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Stable090 on September 20, 2024, 08:49:53 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.
Bitcoin price hitting $64k doesn’t mean we will be expecting a bull run by next month. Don’t be surprised that bitcoin price might end up dropping by next month, so we shouldn’t just be confident that bull run will be starting next month. Anyone investing in bitcoin for a long time can still keep on accumulating their coin, but traders should be kind of careful right now, they should trade with caution because what we're seeing is just a price recovery and not a sign of a bull run. A dump can still happen at any moment, that’s just why we should be careful.



Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: EL MOHA on September 20, 2024, 09:28:25 PM

I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.

If you actually read some of the replies on those polls about bitcoin September price you will find out that most people have their predictions base on historical data and one of the key factors that made many to think this month will be bearish month is because the month of September has always been majorly a bearish month so base on that many predicted it to follow the trend. Also the month was welcome with a panic news of recession looming around which added to most investors confluence.

 The month predictions might now be wrong with bitcoin pumping up this is because no prediction is certain it’s all speculations, moreover the Month actually played out its bearish trend role and only started pumping because of the cut of rate by the state’s which increase the interest of many investors to come in and that’s why this pump is going on and I expect it to kick start the bullish trend which I believe will start this last quarter of the year


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Oshosondy on September 20, 2024, 09:33:41 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
Nobody knows yet. But according to some analyses, it is said that bitcoin must show a strong support at $63000 before people can have more confidence which can make them to invest more on bitcoin. I do not know how true this would be.

According to my own analysis, if bitcoin do not fall below $60000 for a long time, it is possible that the price might increase more. Also if bitcoin do not increase more than $65000 now and not fall below, the price may fall close to $60000 again. If the price fall below $59700, it is possible that will might see more price fall again before the bull run.

About October, we are still 10 days far away, I can not give such prediction now. My prediction is still short term prediction. Sk the long time I referred to above is still winning this month.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Ultegra134 on September 20, 2024, 09:34:55 PM
To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.
I'm sorry, but can you elaborate on that? Why are you disappointed with Bitcoin? It's currently valued at approximately $64,000, not that far from the last two ATH records; it's not as bad as you make it seem. Personally, I believe Bitcoin's performance is decent, even though it's relatively stable the past few months, usually ranging between $58,000 and $62,000. I don't believe we've been through the bull market phase yet; although I believe it's near and may happen between late 2024 and early 2025, you can't expect the market to be constantly booming.

The current condition seems fine to me; the previous dips in price were also great opportunities as well.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Z-tight on September 20, 2024, 09:46:36 PM
Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
I think the price will slowly move towards $70k now, if it is able to break that mark in October, then we can expect a strong finish to the end of the year, i don't like to speculate too much about the price of BTC these days, i just fill my bags when there is a dip and forget about the speculations and fud that fly around on the internet. In short, we don't know for sure what the price will be in October, but there is strong believe that the end of this cycle will take the price as high as 6 figures.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Dunamisx on September 20, 2024, 09:48:20 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

Maybe we should be getting ready now henceforth for the market to rise to more than $73,000 and make it to a new all time high, because the end of this month is giving us the right indication to this, we should also be ready in seeing that the market get to continue on this tre3nd till the beginning of next month, the bullruns might have just continues already.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: ivankoh on September 20, 2024, 10:34:52 PM
Expect October to be a good month for bitcoin and it is possible to reach a new ATH soon, that is the biggest driving force for the market. Because after the 150-day halving cycle, bitcoin usually increases very quickly. If it cannot reach a new ATH, it will still increase very strongly as I predict 68k-78k, Get ready for the second big pump of the year


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: BABY SHOES on September 20, 2024, 10:58:24 PM
It's not just an unmasked spike but a real one as bitcoin prices continue to rise for several days, signaling that it's ready to be bullish in the next month.

What we expect is certainly an increase, right? The current price to the new ATH is getting closer... Will October be ATH history again even if it's only $75K because we know next month to be a bullish month which we saw history before.

Whoever bought at the lowest point this month was lucky to take advantage of the downturn and will now look forward to a slow rise.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: CryptoHeadlineNews on September 20, 2024, 11:31:05 PM
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Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

For me, I will say that you never can tell about the bull potential of Bitcoin currently due to it's price crossing the $64k Benchmark,  because been a digital currency whose value had always fluctuated due to demand and supply, it might be true or not, which is why it's advisable for potential Bitcoin investors to buy Bitcoin now and plan to hold for a very long time, now that it's price is still very possible, compared to if Bitcoin crosses $100k benchmark, which has already been spiculated to happen before the end of the year.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: adzino on September 21, 2024, 01:00:17 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

September was supposed to be a bearish month according to history, but it wasn't this time, right? The market's seems to be reacting positively  to the fed cutting interest rates by 50 basis points which happened for the first time after almost four years. That's probably why September has been different this time around. And lots of people are already expecting October to be bullish, so they might already be stacking up on Bitcoin, and maybe "Uptober" is already priced in and people might start taking profit next month... But this is crypto. You never know what might happen next. Even if history repeats itself, we shouldn't be surprised if the price suddenly drops next month.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: JeffBrad12 on September 21, 2024, 03:02:46 AM
just wait until we know how significant the rate cut affects economy, probably next month then we're talking about bullrun, right now market will probably just hold its price around $64k - $63k, been seeing the market price action since yesteday, it seems the resistance around $62500 - $62250 is really strong it just refuses to go down deeper than that, moreover the buying of BTC by also helps the market holding current price.
just hoping that weekly candle doesn't close on bearish engulf so we can be pretty optimistic that the market isn't done with its rally, after all, previous cut rate proven BTC to go up really high after few days, maybe it's gonna be the same scenario.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: rhodelmabanal on September 21, 2024, 05:46:38 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

Well i also think that this october the bull run will start, because we are now seeing a quick rising of the price ot the bitcoin, if there will be another correction then maybe will see bull run in the middle of october but, still there is not sure there will be possible changes just like before this is my own prediction, it is hard to predict the price but we are in favor of the bull run.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: tabas on September 21, 2024, 07:44:40 AM
It's not "Uptober" yet, but we're seeing signs of a bull run.
Didn't we see it already before the halving?

BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
I am expecting that we'll see better and stronger in the upcoming months. If people are still in preparation for the upcoming bull run, they're doing the right thing although this time is already considered bullish. The market is changing from time to time, we might be green for today but next week we don't know but as everything is going through IMO we're all doing good.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Iranus on September 21, 2024, 07:59:16 AM

I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.

If you actually read some of the replies on those polls about bitcoin September price you will find out that most people have their predictions base on historical data and one of the key factors that made many to think this month will be bearish month is because the month of September has always been majorly a bearish month so base on that many predicted it to follow the trend. Also the month was welcome with a panic news of recession looming around which added to most investors confluence.

 The month predictions might now be wrong with bitcoin pumping up this is because no prediction is certain it’s all speculations, moreover the Month actually played out its bearish trend role and only started pumping because of the cut of rate by the state’s which increase the interest of many investors to come in and that’s why this pump is going on and I expect it to kick start the bullish trend which I believe will start this last quarter of the year

Yes, the yearly chart shows that September is always a bad month for bitcoin but another reason is since the halving happened. Bitcoin monthly price poll topic so far most people have made wrong predictions, Bitcoin does not move according to crowd expectations. So people start to lose their expectations and instead make more neutral predictions because no one wants the market to fall any further nor does they believe the market will rise. But every time the price of bitcoin increases, some people will immediately change their minds.
It can be said that market sentiment changes very quickly and market makers are very good at manipulating our sentiment.

The Fed's 0.5% rate cut did not necessarily ease recession fears; on the contrary, it made them worse. They rushed to cut interest rates because they were probably afraid of a recession, not because the economy was getting better as they said. But surprisingly, the market reacted positively.

Personally, I am in no rush, I will wait until the second rate cut in November, then I can be confident enough to think we will enter bull season.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: ethereumhunter on September 21, 2024, 08:53:59 AM
This surge is real as we see the price increase high. But I am not sure if this is a real bull run or a sign of bull run. We never know about that for sure and only guess that is a sign of bull run because the price can break the wall and increase to the high price. When you are an investor, you will still hold your Bitcoin and not trigger because of this surge as you have your own target price to sell. You only still buying Bitcoin and accumulating so you will have a chance to save man Bitcoin. This is a good moment to take profit from trader because the surge from the low to the high price is real and they can sell some portion of Bitcoin and take the profit. But they can also hold their Bitcoin until the price reach their target price.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Cryptoprincess101 on September 21, 2024, 09:40:14 AM
Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

The recent surge in the price of Bitcoin is not a facade because we all saw how the price of Bitcoin didn't experience any increase in the past month but just within a couple of days we witnessed significant increase and the price has been around $63k which means we should be expecting the market to strengthen more and elate the price of Bitcoin to skyrocket in upcoming days so we should be optimistic about the price gaining more strength (skyrocket) than weakness (decrease) in months to come.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: YOSHIE on September 21, 2024, 10:46:22 AM
Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
For years, Bitcoin has taught us about speculation about the direction of the crypto market game after the halving occurs or often said to be a new ATH, maybe there are hundreds of people often talking about, Bitcoin $50k how in September, Bitcoin broke $60k how in December and so on.

It is necessary to understand that there is a lot of speculation that can be seen outside, unfortunately it is speculation that is not calculated and experienced, it only comes from the brain while sleeping, it is a shame that many crypto users are fooled in situations like that, Honestly, I took from the experience of these two years, 2024 and 2025. Bitcoin went up and down, that's normal in the crypto market, but don't expect Bitcoin to break through to levels that are impossible in those two years, hope for the next halving, you can see what happens.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Wexnident on September 21, 2024, 11:34:58 AM
~
Hmm, if it goes on till the end of the month we might actually see it as a stabilized level and we'd probably see 65-70k instead for the entirety of October. We are nearing the end of the year and as per expected, most people (and I) are expecting BTC to at least stabilize itself at 65k ish with the potential of going up. Now it depends on how the market reacts based on the slow increments we would see in october (and maybe November) but it isn't unrealistic to expect a new ATH at the end of the year.

Still wouldn't expect anything exaggerated though, you'd probably see the norm we've had in the past few months but moved up by a couple thousand instead.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Marvell1 on September 21, 2024, 01:06:30 PM


Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?




This could be another bull trap or the correction is over and we are entering a bull market in the final months of the year. Anything can happen, and no one can be sure about the future.

I know we are in a speculative board and we are free to make predictions but in my opinion, if we have been able to hold bitcoin so far. So even if the market gets worse, there is no reason to sell bitcoin and leave the market at this point. So we should pay more attention to continue holding and buy more when the price drops. Don't get so focused on the short term fluctuations of bitcoin that you lose sight of our bigger goal. Market makers are playing cat and mouse with us and we need to stay calm, don't fall into their trap and sell all bitcoins now.


Sooner or later the uptrend will appear and if it doesn't happen in October or November then it will happen in 2025, this is inevitable.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: EL MOHA on September 21, 2024, 02:02:42 PM

Yes, the yearly chart shows that September is always a bad month for bitcoin but another reason is since the halving happened. Bitcoin monthly price poll topic so far most people have made wrong predictions, Bitcoin does not move according to crowd expectations. So people start to lose their expectations and instead make more neutral predictions because no one wants the market to fall any further nor does they believe the market will rise. But every time the price of bitcoin increases, some people will immediately change their minds.
It can be said that market sentiment changes very quickly and market makers are very good at manipulating our sentiment.

The thing is right before the starting of this year when the ETF was approved and bitcoin rose to highs that even broke the previous all time which was a thing that happens after halving there was a shift of market sentiment with investors and traders all turning super bullish due to the euphoria that the trend brought and many were not even expecting anything bearish again although we know it is undeniable that there will be correction and that’s why you see that most of those predictions were wrong because their were base on traders sentiment and not on any actual data, it is of recent that investors and traders are beginning to keep calms and allow the market trend follow it self.


The Fed's 0.5% rate cut did not necessarily ease recession fears; on the contrary, it made them worse. They rushed to cut interest rates because they were probably afraid of a recession, not because the economy was getting better as they said. But surprisingly, the market reacted positively.

Personally, I am in no rush, I will wait until the second rate cut in November, then I can be confident enough to think we will enter bull season.

Yeah I have seen many economists predicting a worrisome recession data even with the rate cut most are of the opinion that the government did that to ease the recession panic, this is the first time since 2020 so maybe we wait for a new FOMC report and see maybe it wasn’t a panic act.
If anyone have been following the bitcoin trends one can easily see that the easiest way the market gets manipulated is actually through the traders sentiment, just a news of recession fears and the Japanese interest rate hike caused a huge dump in August, a news now about rates cuts caused its own pump again. This panic buys and sell are to me done by small hands who do not understand how the market trend works


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Republikcoin.com on September 21, 2024, 02:51:14 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
The recent surge in Bitcoin prices is not a hoax because it could be due to the effects of the Fed's interest rate cut which directly impacted the crypto market and others, causing the price of Bitcoin to increase. And we can also assume that this is due to the effect of many investors buying again this month after news of the interest rate cut began to emerge and was approved by the Fed. So this is a very good momentum and not just a hoax because Bitcoin will always get better when there is news that can influence the market in a better direction.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: LogitechMouse on September 21, 2024, 05:29:11 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

TBH, it's a bit surprising that it's looking like we will end the month of September with a green candle. I mean just by basing on the history of movement of price of Bitcon during the month of September in the last 11 years, it averaged negative. Point is, I didn't expect it, but I'm happy to see Bitcoin above $60,000 for days already.

Is this a sign of a bull run? I think so and if you will look at the history, price of Bitcoin during the month of October tend to go up massively hence, there might investors out there who bought Bitcoin in advance so that they will not buy it anymore when it goes up next month. Based on history, Bitcoin's price in the final 3 months of the year tend to go up-down-up. I'm not sure if this will be the case this year as well, but there's a high chance that we might see the bull run happening next year just because of it's current price movement. If it stays above $60,000 for weeks, it's already a good sign.

Also, let's not forget that the US election will be happening a few months from now, and I hate to say it, but it might be a catalyst for the upcoming bull market. Both shown interest with Bitcoin, and even though I don't think that this is genuine, I believe that it will have some effect towards the price of Bitcoin in the long run. As for the month of October, I expect nothing but an upwards movement. :)


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Z-tight on September 21, 2024, 07:48:16 PM
Whoever bought at the lowest point this month was lucky to take advantage of the downturn and will now look forward to a slow rise.
It has not moved that much, still ~ $63k, neither is it moving any fast right now, so it is still a great opportunity for whoever wants to buy BTC. There are so many weak hands in the network and the way they go about things always amuses me, they would not buy BTC when it is low or when it is rising slowly, they would wait until there is a very fast pump in price, then they start fomo buying, it is funny but they repeat this action everytime.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Baofeng on September 21, 2024, 07:58:10 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

With the way that the price has been moving since we hit a new all time high last March, it's really hard to see where it will go in the next month. Although historically, October-November should be a good month for a halving year, however, this is a very different cycle as we hit a new all time high prior to the halving itself. That's why this is the first time that we have seen this kind of movement and so we don't have any precedence to see how it will be.

So this could be just a facade, a bull trap or catching a falling knife. So it's just better to just prepare for the unexpected in the last 3 months. We will have to observe and just react on what the market will give to us. And then we have the US election as well in the sideline that might have a impetus on the market. Majority might think that it will bolster the market because a certain candidate is supposedly pro-Bitcoin. But it's not a assurance that once that person is elected, the market is going to be very bullish.

Lot's of parameters that we have to consider, and at the end of the day, it will still be up to us whether to push a bull run or not.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: $weetne$$ on September 21, 2024, 08:19:47 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

We are close to Uptober therefore I can only see one possibility playing out which is the market going up. But this does not mean that we will not see small corrections happening during October but I do not think we are going to see the market getting a very big correction as we have experienced in the past. The signs are already everywhere that our sorrows will soon be over because the market is going to make us happy. The hodlers are about to be rewarded but there is still time for anybody that wants to buy. I have not analyzed the market myself recently but I do not think I have to do that as I will not be trading again until the bull market is over because I do not want to miss taking full advantage of the bull market because I wanted to take a short term profits.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Septex on September 22, 2024, 05:05:36 AM
In late September, Bitcoin price pumped to $63,000 without even noticing. Just a few days before that, the price of Bitcoin dumped and reached $58,000. By October I expect Bitcoin to reach $66,000. Because now the price of Bitcoin is very stable and even by the end of the year Bitcoin ATH will happen and its value will increase more by the end of the year. But around October I think the price of Bitcoin will increase a bit. Since Bitcoin has managed to hold its value very well this year, it is expected that Bitcoin will be more stable in the coming days.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: HawkTrader on September 22, 2024, 05:39:21 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.



Historically, the bulls activates in October. The sentiment right now could be because of some bullish news around BTC ETF option introduced, more institutional adoption of BTC and the latest introduction of DeFi to Bitcoin network.

The real bull run begins 2025 (that's the cycle) but I've always seen every movement as an opportunity and that depends on the strategy. Right now, it's more of getting rammed in on trade (with the right analysis) or maybe some exchange trade deals like lots of Launchpool recently on Binance and PoolX or some sort of specialized trade stuff on BG and copy trades here and there. It's our choice really but let's dyor be the main lead.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Lilybasil on September 22, 2024, 06:16:16 AM
This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

Some analysts says it'll go as high as 85k in the last quarter..


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Lilybasil on September 22, 2024, 06:21:54 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.



Historically, the bulls activates in October. The sentiment right now could be because of some bullish news around BTC ETF option introduced, more institutional adoption of BTC and the latest introduction of DeFi to Bitcoin network.

The real bull run begins 2025 (that's the cycle) but I've always seen every movement as an opportunity and that depends on the strategy. Right now, it's more of getting rammed in on trade (with the right analysis) or maybe some exchange trade deals like lots of Launchpool recently on Binance and PoolX or some sort of specialized trade stuff on BG and copy trades here and there. It's our choice really but let's dyor be the main lead.

That's true. Thought this past week haven't been good for me. But as a builder. This is what I plan to focus on this week.  Bitget builders harvest (https://www.bitget.com/support/articles/12560603815435) hopefully I get a chance to claim some USDT. what's your price prediction for BTC in the thick of the bull run? $200k?


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: HawkTrader on September 22, 2024, 10:12:25 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.



Historically, the bulls activates in October. The sentiment right now could be because of some bullish news around BTC ETF option introduced, more institutional adoption of BTC and the latest introduction of DeFi to Bitcoin network.

The real bull run begins 2025 (that's the cycle) but I've always seen every movement as an opportunity and that depends on the strategy. Right now, it's more of getting rammed in on trade (with the right analysis) or maybe some exchange trade deals like lots of Launchpool recently on Binance and PoolX or some sort of specialized trade stuff on BG and copy trades here and there. It's our choice really but let's dyor be the main lead.

That's true. Thought this past week haven't been good for me. But as a builder. This is what I plan to focus on this week.  Bitget builders harvest (https://www.bitget.com/support/articles/12560603815435) hopefully I get a chance to claim some USDT. what's your price prediction for BTC in the thick of the bull run? $200k?

Yeah, something in that range though my guts tell me it's going to be around $400k if the US presidential election goes in our favour and other market and fundamental indicators.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Roseline492 on September 22, 2024, 11:56:31 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Xcode7 on September 22, 2024, 12:13:16 PM
For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Republikcoin.com on September 22, 2024, 01:29:03 PM
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.
I don't think the same thing as you said can happen again at the end of this month in Bitcoin because now there are many investors and traders who still want to buy more Bitcoin when they know that the current market conditions are starting to improve a little. And indeed if we look at the increase in the price of Bitcoin in the last few days in general, it is a very normal increase, but it certainly still means a lot to those who are waiting for the price increase in Bitcoin this month.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: STT on September 22, 2024, 01:33:15 PM
The current price is the 3rd attempt since early August to regain the advantage of trading above the 200 day average.   We have failed previously and doing so now is just as bearish if not more so.

So I'm waiting for that signal, I dont presume to know better then what is on the chart.  If I had to guess Iam for the moment negative short term and positive on the much wider view with weekly or monthly bars I think BTC is ok.

The recent lows have been in line with the yearly average and we are rising, 2024 is a positive year.  I just cant ignore the lows could also worsen first and its not a straight or easy recovery.
   BTC dont care about out time table especially, its keeping its own time.  Beat 65k first, no reason BTC cant pull a rabbit out of the hat but Im wary waiting.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: michellee on September 22, 2024, 04:01:56 PM
For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.
October are coming soon so we must prepare for what is the coming. We still don't know if in October we will see the bull run or the market will moves randomly. Maybe we will see altcoin season before the bull run for Bitcoin or vice versa.

But i feel that the price will increase slowly like in the last 1 week until the price reach $73k. From that price, the price maybe still ups and downs many times following the news as usual. We can hope that in next 3 month, the market will moves better and can go up to the higher price.

Although we will see the down happen, that will not be too worry because the price will increase again. So we must still analyze the market moves to find the time to enter the market if we want to trade. But if you only want to invest, you can start right now.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: GigaBit on September 22, 2024, 04:28:31 PM
For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.
This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position. Maybe once again we will see the Bitcoin price rise in the same way and continue like this. But when a bull run occurs no change will be visible no one will get the pre idea.

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025. Moreover, if Trump is able to come to power in November this year, there is a high possibility that Bitcoin will reach 100K within this year.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: DOH! on September 22, 2024, 08:36:23 PM
The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Issa56 on September 22, 2024, 09:21:01 PM
This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position.
It’s just so difficult to know the price which bitcoin is going to hit at a particular price, that’s why I hardly talk about price which it’s going to hit before the month ends, or maybe we going to be experiencing bull run or bear market in a particular most. Any price which I see bitcoin, I do accept it like that, because if you expect so much from bitcoin, you going to end up being disappointed if bitcoin price doesn’t do as expected. Next month will be another new month, I expect bitcoin to perform well, but  we should still expecting either dump or pump from bitcoin, anything is possible.

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025.
If bitcoin can’t hit $100k this year, then am expecting that to happen next year, but I don’t know the specific month which it’s going to happen, and I don’t think anyone knows, so whenever we see it, we just have to be happy about it, but don’t be too serious that it’s going to happen in a specific month.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: BABY SHOES on September 22, 2024, 09:34:09 PM
Whoever bought at the lowest point this month was lucky to take advantage of the downturn and will now look forward to a slow rise.
It has not moved that much, still ~ $63k, neither is it moving any fast right now, so it is still a great opportunity for whoever wants to buy BTC. There are so many weak hands in the network and the way they go about things always amuses me, they would not buy BTC when it is low or when it is rising slowly, they would wait until there is a very fast pump in price, then they start fomo buying, it is funny but they repeat this action everytime.
That person seems to have no principles, they will only continue to follow the flow of FOMO even when bitcoin goes down he is afraid to buy because he is worried that the price will be even more.

That's how weak hands he will not take advantage of any opportunities that exist only panic when the price drops... I wouldn't consider this a high price, it's still low when compared to expectations to $100K, buying now is still a good opportunity for those who are just starting out...


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: JeffBrad12 on September 23, 2024, 07:24:40 AM
This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

Some analysts says it'll go as high as 85k in the last quarter..
maybe, but we need to wait until election first, FED rate cut could only influence that much, we're now at the point where breaking resistance is hard around $64k, since the other narrative to pump the price is the election, then it's wiser to be more patient.

https://imgvb.com/images/2024/09/23/ecead8d689e8238e5cea128f8f5ce9ef.png

since from the chart, we might go back to $60k again if we failed breaking the resistance around $64k supply zone


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Roseline492 on September 23, 2024, 08:47:30 AM
For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.
 
Yes the increase of Bitcoin price that happens week ago is nothing to be giving attention to because immediately it increases before we realized it has already started correction and this has been the habits of Bitcoin price for months now because not ones or twice has the price move that way, However there was one that happens months ago when the price moved and stayed within that price for a long period which made so many people believe that the time has come for Bitcoin to achieve more milestones but the next moment it came back down, so we should have been gotten use to it by now to never miss understood any Bitcoin price increases at the moment.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Republikcoin.com on September 23, 2024, 12:49:27 PM
The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol
$78K for Bitcoin price in October could be possible, but Bitcoin must be able to continue to increase its price from now until it passes the $65K level before October because the price you mentioned is a price that Bitcoin has never reached this year so that level is a new ATH level again if Bitcoin is able to reach it next month. But for now I am not thinking about a new ATH again, but rather a slow and more certain increase at the end of this month and so on in the remaining months of this year.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: SOKO-DEKE on September 23, 2024, 03:01:41 PM

This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position.

Honestly, nobody can actually predict the price of Bitcoin, like where the price of Bitcoin will reach in a certain period. Most of those predicting prices of Bitcoin and sometimes getting it right base their assumptions on what has happened to the price of Bitcoin in previous years, and that is the reason why most fail. Some people have even predicted that the price of Bitcoin will come down to $40K before it can start its journey to $100K, but nothing like that has happened yet. What is clear is that someone should rely on their own research. Otherwise, they may end up making wrong decisions about Bitcoin prices.

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025.


Nothing is impossible about Bitcoin. The price of Bitcoin hit $100k before this year, and also, know that it can even come down lower than its current price, which is $63k, before the end of this year. So, let's just believe that the price movement of Bitcoin is not in anybody's hands. The truth is, if the demand for Bitcoin rises, the price will start moving higher. There is no specific day or amount of money set for Bitcoin price to reach any level. In the past, people used economic direction and some factors to predict Bitcoin, but nowadays, the economy has become unpredictable, and it seems to have no clear direction.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: khiholangkang on September 23, 2024, 03:27:27 PM
The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol
The more correct reason is that the FED cut interest rates because it is time, US inflation has fallen quite well at 2. 5% then also the unemployment rate is increasing and this is supported by the large interest rates that make companies limit their workforce so that operations run and debts are paid, some people and companies dare not borrow money for their business or needs if interest rates are high because it will make them difficult, Therefore it is assumed that this interest cut is intended to prevent the US from the threat of recession, then from that campaign or election financing needs to be disbursed by the government and also fighters so this will be very related, on the other hand it coincides with the last year of the 4-year cycle of bitcoin, which will boost the price of bitcoin because of the large amount of liquidity available.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: mirakal on September 23, 2024, 03:30:31 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

Well this could be the start of a price momentum until we reach the final peak, but this could also be another price correction that usually happen in a volatile market like bitcoin. All we have are just pure speculations and wild guesses as no one can actually tell the future price movement of bitcoin.

However, one thing is certain, bitcoin will definitely reach a new all time high, but if ask when we will see it starting to happen, that remains uncertain up to now.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: asriloni on September 23, 2024, 04:42:22 PM
This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

Some analysts says it'll go as high as 85k in the last quarter..


Some analysts said it would reach 100k by June.

https://i.postimg.cc/SsKMHDBn/thrht.png

Don't trust what the analysts said. They were just creating noise. Their predictions rarely came true.

So many times i have seen a bunch of analysts say "btc would reach xxxx by the end of xxxx".

It's all bullshit. Always try to stick with reality. If bitcoin, it takes longer to reach a higher value. It's also relied upon the condition of our macroeconomics that happens around us.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Justbillywitt on September 23, 2024, 09:22:28 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and  middle part  of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: justdimin on September 24, 2024, 03:29:12 PM
This could be another bull trap or the correction is over and we are entering a bull market in the final months of the year. Anything can happen, and no one can be sure about the future.

I know we are in a speculative board and we are free to make predictions but in my opinion, if we have been able to hold bitcoin so far. So even if the market gets worse, there is no reason to sell bitcoin and leave the market at this point. So we should pay more attention to continue holding and buy more when the price drops. Don't get so focused on the short term fluctuations of bitcoin that you lose sight of our bigger goal. Market makers are playing cat and mouse with us and we need to stay calm, don't fall into their trap and sell all bitcoins now.
Sooner or later the uptrend will appear and if it doesn't happen in October or November then it will happen in 2025, this is inevitable.
I think what you said is confusing. It seems you can't decide if the bull run have already occurred or not yet. It would be better if you will only choose one. Come on man don't be greedy :D. I think other coins did the same thing because it is known that other coins can follow the footsteps of BTC. What we are experiencing last time where the prices are dropping is only a correction and it seems it is done because we can now see BTC pumping up again. I think the bull run is not over yet, so we will be having a continuation for it. Anything can still happen like you said, so the price can still nose dive.

We can't predict the future and so as the future of cryptos, hence this is they are called speculative and we are only speculating here. Some have held their BTC for so long but it does not mean that they will continue doing this. In fact they may now sell anytime because they might have achieved their target already. There is always a reason for everything and so as when we sell our BTC's. Short-term fluctuations can still be useful, so it is not wrong if you can also focus on it.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Lilybasil on September 24, 2024, 04:38:49 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.



Historically, the bulls activates in October. The sentiment right now could be because of some bullish news around BTC ETF option introduced, more institutional adoption of BTC and the latest introduction of DeFi to Bitcoin network.

The real bull run begins 2025 (that's the cycle) but I've always seen every movement as an opportunity and that depends on the strategy. Right now, it's more of getting rammed in on trade (with the right analysis) or maybe some exchange trade deals like lots of Launchpool recently on Binance and PoolX or some sort of specialized trade stuff on BG and copy trades here and there. It's our choice really but let's dyor be the main lead.

That's true. Thought this past week haven't been good for me. But as a builder. This is what I plan to focus on this week.  Bitget builders harvest (https://www.bitget.com/support/articles/12560603815435) hopefully I get a chance to claim some USDT. what's your price prediction for BTC in the thick of the bull run? $200k?

Yeah, something in that range though my guts tell me it's going to be around $400k if the US presidential election goes in our favour and other market and fundamental indicators.

Do you think trump has a chance? BTC is trading around 63k at the moment though. Are you a builder? And I assume you're participating. How was your last week rewards??


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Smack That Ace on September 25, 2024, 04:32:40 AM

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.

$200,000 or $400,000 are big goals this cycle and I think to do that we need a bigger catalyst than the news of a Trump victory. In my opinion, depending on the market situation, we will set more suitable goals instead of making fixed predictions for a volatile market like crypto.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Little Mouse on September 25, 2024, 05:04:03 AM
You know 29th September can be another significant day for crypto. In this day CZ will be released
Nonsense! Who the fuck he is? This will never be influential.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: VicManton on September 25, 2024, 09:05:36 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


As a crypto trader, asides playing games online to get more coins as airdrop, which some of them might not end up as expected, what do we do for fun that we can earn from and be certain that we will get rewards from? I am new in the space and will need some guide and suggestion on how to go about this without wasting my time on tapping or playing games that will not reward me for my time and efforts, and most of the things I have seen asides from the trending memes has to do with Trading battles, invites, community contests, influencers and all on Bitget, Binance, I don't know if Coinbase does much of events and the likes, and I am not a celebrity or a rich dude, what can a nube do to be okay with his time?


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: TravelMug on September 25, 2024, 09:10:27 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and  middle part  of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.

It's been more than 100 days since the halving, and so we should be expecting that the price could really take off in the next coming months or so, at least October historically, proved a good month to Bitcoin market. As far as what could influence the price or at least investors pouring their money, it could be the US election or something else. What's important is that the market is really bouncing or recovering from the last bearish month.

As we can see, the next barrier could be $65k, and if we can break it, maybe at the end of this month we might reach $68k. And with that, it could really translate on investors very bullish that might lead us to a new all time high before the end of the year. So we should watch out for October as this is a very critical month.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Altcoiner007 on September 25, 2024, 11:51:02 AM


Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.
I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Obim34 on September 25, 2024, 11:56:24 AM

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.
The forth coming election does not have the full capacity to positively or negatively pull the price of Bitcoin automatically heading towards a large variance in price mark. Only possible reason why either contenders to becoming the President will create an impact to the market is when power has been fully handled and whereas decides to make the crypto community/activities very conducive or maybe not then will it have such reflexes but not on hearing who becomes the winner of the forth going election, not just immediately.

You know 29th September can be another significant day for crypto. In this day CZ will be released
Nonsense! Who the fuck he is? This will never be influential.

Very funny though, now wondering what influence would the X - CEO of Binance have to do with Bitcoin price movement. Most people are jut carried away by any moment of activities slightly associated with Bitcoin or cryptocurrencies.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: davis196 on September 25, 2024, 11:56:40 AM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. ;D


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Yaunfitda on September 26, 2024, 12:32:28 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. ;D
That news did help pumped the price, not just in crypto market, but all other financial markets as this is what they wanted to hear from the FEDs. And so with that, the price goes up as high as $64,xxx if I'm not mistaken, and then we have a minor retracement. But the sentiments of the investors are very high and so the price didn't go down that hard. If we look at the previous historical logs though, October-November is very positive during halving year. Not that we expect something similar to happen, but at least with previous runs, there might be a good chance that the price as well for this year might increased as it might coincide with the US presidential election and then next year he or she will officially sit on the White house. So there are still a lot of positive news that might push the market into a bull run in 2025.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Rabata on September 26, 2024, 01:13:55 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and  middle part  of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.
Only a few days left and after that we will reach the last quarter of the year. The last few months have not been very positive for Bitcoin so we can consider the upcoming month as a bullish month for Bitcoin. However, in late September we see Bitcoin move slightly higher. But it definitely needs time to get its full strength. Moreover, we will see Bitcoin becoming a bit bullish from next month if we consider it as the implementation of the expectation that is working in everyone after the Halving. The last quarter in particular looks quite bullish compared to the rest of the year. But these are all just guesses. The market can turn in any direction at any time. Bitcoin has already crossed $64k. If this continues then we will be able to see a Bitcoin bull market soon.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Republikcoin.com on September 26, 2024, 02:23:51 PM
I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility
Price ups and downs in the market are indeed something that every trader loves because they do profit from it and it certainly happens very often in Bitcoin so predictions based on technical and fundamental analysis will always be there for Bitcoin although complete accuracy is always harder to find. However, it should still be considered normal because there are many people who are able to profit from these opportunities in the market because traders also often see certain moments and use them to gain more profits.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: michellee on September 26, 2024, 02:27:02 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. ;D
October is almost come. We will see what happen to Bitcoin and I hope that is a good change in the market. This month is up and down for Bitcoin and that makes many people confuse to analyze the market moves. This two days, Bitcoin move looks good because the price can hold $63k and not go to far. If this situation continue, we may see an increasing of the price so that hopefully, the market will turn the direction to the higher price.

But if in October we see many bad news comes, that can impact to the market and there will be a downtime again for Bitcoin and for the other coins. The election is also gives an effect although I don't hope that will be a big effect.

Many people still waiting for the bull run so they hold their Bitcoin until the time is coming. We have the same dream to sell our Bitcoin at the highest price or new ATH. So we must be patience for more.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Iranus on September 27, 2024, 08:36:34 AM


I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.
I won't completely say Bitcoin is unpredictable.


I'm not saying that technical and fundamental analysis are completely useless but has anyone used them and been able to accurately predict what will happen next? If only TA and FA can predict the trend of bitcoin and the market, why is making profit never easy, especially with trading? Or why do people prefer long term holding option over trading when TA is used in all your trades?

If bitcoin is predictable, can you tell us what the trend of bitcoin will be in October and what the price of bitcoin will be in October? To me, TA or FA is only relative, nothing is absolute when talking about the future. Not only bitcoin but when we talk about the future, it is unpredictable, especially the financial market is always affected by news, crowd manipulation...making everything even more unpredictable.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Kemarit on September 27, 2024, 09:57:43 AM
I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility
Price ups and downs in the market are indeed something that every trader loves because they do profit from it and it certainly happens very often in Bitcoin so predictions based on technical and fundamental analysis will always be there for Bitcoin although complete accuracy is always harder to find. However, it should still be considered normal because there are many people who are able to profit from these opportunities in the market because traders also often see certain moments and use them to gain more profits.

If you know how to take advantage of it, then yeah, we love that volatility, plus or minus or a certain days and then boom, instant profit if you are a short day trader. I will still go with the fundamental analysis though, I think it's underrated, but for long term holders, this is what we are looking for.

As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: ibuddy122505 on September 27, 2024, 03:37:44 PM

As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.

We've had some positive news, and I believe we're on track for more growth. We might test the 70k level soon, and then we'll see how the market reacts. October is coming, and there's a good chance we’ll see positive movement this month. As expected it's weekend and we've broken past some key levels, but we'll need to watch if the price holds steady and continues to rise.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: tygeade on September 27, 2024, 08:53:53 PM
As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.
We've had some positive news, and I believe we're on track for more growth. We might test the 70k level soon, and then we'll see how the market reacts. October is coming, and there's a good chance we’ll see positive movement this month. As expected it's weekend and we've broken past some key levels, but we'll need to watch if the price holds steady and continues to rise.
Price getting closer to 66k is the proof that we need for a bull run or at least a hype. I believe that we are going to keep growing higher too, a 70k+ should not be impossible at the moment and we can totally see it happen soon enough,  understand that it looks like it is not something that will take that much time, but it's also not that hard to do neither.

I believe that we are going to see this growing to be something that will be a good result eventually. We look like we are at the start of a bull run and I believe that is something that we can profit from, and as long as that exists, we shouldn't really be worried about anything and could get greater results with time, it's definitely something that needs to be looked closer and hold our coins for now.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Ojima-ojo on September 27, 2024, 09:38:03 PM
We are at 65k+  Bitcoin price at the moment and Bitcoin touched the 66k price also today before it corrected back to the present price, this is so exciting and I am sure the month of October is going to present a lot of positive market vibes for us, and all I can say is that let, let everyone one of us hold on to our Bitcoin position because The coming month is going to open up a lot of market possibilities and all that we can say is that we are going to be seeing more uptrend movement in October.


Bitcoin have gone pass the worste price stage right now, and there is no doubt that coming month is going to bring with it a lot of price volitilities that will ushar in a new price regim and possibly another all time high price benchmark.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Yaunfitda on September 28, 2024, 04:31:54 AM
We are at 65k+  Bitcoin price at the moment and Bitcoin touched the 66k price also today before it corrected back to the present price, this is so exciting and I am sure the month of October is going to present a lot of positive market vibes for us, and all I can say is that let, let everyone one of us hold on to our Bitcoin position because The coming month is going to open up a lot of market possibilities and all that we can say is that we are going to be seeing more uptrend movement in October.
Yeah, I just check the current price and it did went above $66k, so it means we are very much on the bullish state of the market. And we are almost at the end of the year. I remember a thread about what will be the movement and most votes for sideways pattern, including myself. So we were totally wrong as it seems the price is gaining for this month, and so far a 11% increased from last month.

Bitcoin have gone pass the worste price stage right now, and there is no doubt that coming month is going to bring with it a lot of price volitilities that will ushar in a new price regim and possibly another all time high price benchmark.
If we passe that state of bearish sentiments, then perhaps we are looking at October-December to be very bullish. And with that, I will say that $70k or new all time high at around $80k'ish is possible then the end of this year. So good times ahead.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: jaberwock on September 28, 2024, 08:35:24 PM
We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Baofeng on September 29, 2024, 12:54:20 AM
We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

It went as high as $66k, and a little nudge below, so we are in the $65,500, and yeah it's a good thing because if we look at September, it's usually a dry month. But this is something different now, it seems that we are really seeing a new phase, pre-halving all time high and now this is happening for this month. So it might sound crazy, but who knows, just a couple of days before this month end and hopefully we can maintain this price.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

Still good to buy, we are still way below the projected all time high, and so we can still take advantage of it. For us average joe, if we have extra money there, yeah, get some while the price is at a discount. Because when we see the price hits $70k and then goes on a parabolic rise, we might regret our decision not buying at this price point. So still a win-win situation and we should look at the bigger picture, in 2025, we will see $100k++.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: JeffBrad12 on September 29, 2024, 03:41:44 AM
We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

https://imgvb.com/images/2024/09/29/8c5e50490c302f31fa8681f6a8419d0e.png

I think this month will be wild.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Argoo on September 29, 2024, 06:39:12 AM

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

https://imgvb.com/images/2024/09/29/8c5e50490c302f31fa8681f6a8419d0e.png

I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: BALIK on October 01, 2024, 09:07:59 AM

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

https://imgvb.com/images/2024/09/29/8c5e50490c302f31fa8681f6a8419d0e.png

I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.

The rate cut is indeed a welcome sign but don't forget that interest rates are still very high and according to last night's meeting, the Fed also said that they will not rush to cut interest rates sharply and it will all depend on the economic recovery. Following that announcement, most forecasts were for the Fed to cut by 0.25% instead of the previously predicted 0.5%. That means we still have a long way to go before we see lower interest rates and real monetary policy easing.

People often refer to October as "Uptober" so most are very optimistic but to be fair, it's hard to say what will happen. The only thing we can do is hope history repeats itself again.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Finestream on October 02, 2024, 09:46:38 PM

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.

$200,000 or $400,000 are big goals this cycle and I think to do that we need a bigger catalyst than the news of a Trump victory. In my opinion, depending on the market situation, we will set more suitable goals instead of making fixed predictions for a volatile market like crypto.
Trump's victory in the future US election may still affect the price of bitcoin but maybe only a minor one. Same with Harris, there could be a little effect as well that will last only a day or more and it will be forgotten then. That's how bitcoin price react to this kind of situation, but if it concerns about bitcoin adoption in another country, that will surely leave a huge impact to the price of bitcoin.


Title: Re: Bitcoin hits $64K: What will October bring for BTC?
Post by: Sexylizzy2813 on October 02, 2024, 10:31:26 PM
It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?


The month of September was indeed a decent one, never thought we would see the amount we saw before the closing part of last month, at first I thought Bitcoin price won't get close to $65k due to the slow movement of the market, like we all know how Bitcoin movement is, it gave us a surprise of having a boost to $65k which means we can be expecting something different or should I say something positive this very month of October, that's if it continues to display the green signal, who knows we might be seeing it get past the ATH and even giving us a new ATH. We can't be too certain how productive this month would be talk less of the remaining part of this year, is best to hold on and observe the nature of the market.