BTC Sentiment Poll for October

[Fivestar4everMVP]

There's no how you could accurately predict the moves on bitcoin market pattern because it will always go by the tune of what it's demands and supplies gives and these are the elements that the speculations we make carries from the chart when we study them, it seems the season is set on for a bullish trend this time and there's more probability of going more bullish than bearish althrough this month of October.

Exactly, putting charts, technical and fundamental analysis aside, the bitcoin market, as well as the entire crypto currency market in general is concerned, the direction the price goes is very much the result or outcome of the demand and supply of the currency.
And talking about how the market may likely look like for the remaining days of this months, well, October is just about five days to go, there is a very high chance of the market remaining bullish all through the remaining days of this month, and like someone said in another thread, if there is actually no bad or negative news that affects the market negatively, i personally expect this bullish momentum to extend to the month of November and possibly for the rest of the year, we may possibly see bitcoin trading above $50,000 or $45,000 by the ending of this year if demand remains as high as it currently is.

[dragonvslinux]

Wow...  Who would've thunk.  We're looking at a clean break out above 31k - 32k and if BTC goes down and retests that 31k - 32k range and holds, we got an S/r flip and it's gonna be a comfy trade for the guys who got in at the ranges below.  

This move certainly took me surprise, I wasn't expecting that resistance level to break for sometime.

The break is also as clean as it get's after popping to $35K, despite there not being considerable volume to back it up. It seems very much related to the news about the ticker listing on DTCC, the assumption that an ETF will be listed soon, which personally I'm still not convinced about. I read that the $IBTC ticker was in fact listed back in August, but took until this month for someone to notice...

Either way, as others have pointed out, it becomes irrelevant how/why the range was broken if the break sustains itself - which is currently the case. I think this secures $30K as a new support level if price is to correct soon, but I wouldn't be surprised to see $40K first before a correction. Price around $35K is no-mans land (very low volume) so a push further to upside back to trading volumes isn't out of the question.

A lot of bears who have been calling for lower prices over the past 6+ months are now accepting defeat. While they might not be rushing back into Bitcoin at current overbought levels, no doubt they'll be re-entering the market if price comes back to $30K. However if price continues onwards to $40K, they may well just have to suck it up and buy back, as price could then continue back to $50K to $60K.

[tokeweed]

^  I little bit of resistance at 35k but if you look at it from a weekly chart it looks like it could go a bit back down to 31k - 32k and confirm the flip.  But all in all it will still look very good even if it goes back down the green bar...  Could be a good spot to buy again too.

And it's time to pick your spots in the altcoin market folks.  The money will be rotating from top to bottom and it could end with memecoins pumping like crazy like the last time.

[STT]

Thats a good chart looks like a break out but different to my own view which is where we are approaching resistance rather then past it especially.   It is positive action but I dont think its easy progress in this area, the clear path forward is not quite there and so I dont expect 40k.
  The easiest way to point that out is monthly bar view on the graph, not sure how many people use that but BTC is strangely longer term then most would presume considering how sharp and fast its moves appear to be.
  Look at 2022 start thats roughly where Im apprehensive of us approaching old trades and volume.

[tokeweed]

^  Nice.  Thanks for pointing that out.  And yup you're right.  Monthly chart shows that we're not out of the woods yet.  :/  Stay safe out there guys.