October Bitcoin bull month.

[Kasabus]

In October first week the price of BTC pump to $56,240 this is really a big bull ran but one think remember that too much time hold is not good for all time . The price is pumping and I think the price will hit the new HYP in this month . All the possibility is seeing at the moment so invest more and more in BTC and get big profit from it .

You could have been making profits by now if you have bought bitcoin in the previous months where bitcoin price was still at $30k-$35k. But with the current price at $54,166k at the moment, i think bitcoin is on its way to bullish trend. But if you think of buying right now, this could mean a higher risk knowing you will lose anytime when the market suddenly crashes. Maybe wait for some time for bitcoin to crash again and it will be a good time to buy bitcoin. Although bitcoin will surely make  a good price increase as always, but you will definitely gain more profits if you can buy it at a much lower price.

[djgtr]

The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.

Well I see the market is already green I think it is all because of some good news from U.S they don't follow China's footsteps of banning crypto currency, instead of banning they support cryptocurrency and noted the government is focused on ensuring the industry adheres to investor and consumer protection rules. , the Fifth-Largest Bank in U.S. Launches Crypto Custody Service,SEC Chairman Says U.S. Won’t Ban Cryptocurrencies, Bitcoin will surely back to bull run it is not because we are on month of October but because of good news.

[Fredomago]

The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.

Well I see the market is already green I think it is all because of some good news from U.S they don't follow China's footsteps of banning crypto currency, instead of banning they support cryptocurrency and noted the government is focused on ensuring the industry adheres to investor and consumer protection rules. , the Fifth-Largest Bank in U.S. Launches Crypto Custody Service,SEC Chairman Says U.S. Won’t Ban Cryptocurrencies, Bitcoin will surely back to bull run it is not because we are on month of October but because of good news.

Thanks for sharing. I'll be going to find more about that info. Yes, it's good now and we see green mostly inside the market after September's end. Though currently we see some red either short corrections or day traders are now cashing out with decent profits inside their pockets.

I see your point and that's the best reason why the market is pumping, US views about crypto have a much wider scope than China's fuds.

Most of the time, those who understand the game are capable of reading the drama with all this news that circulates around this industry.

[Wong Gendheng]

In October first week the price of BTC pump to $56,240 this is really a big bull ran but one think remember that too much time hold is not good for all time . The price is pumping and I think the price will hit the new HYP in this month . All the possibility is seeing at the moment so invest more and more in BTC and get big profit from it .

We will see new ATH can happen in october after 6 months ago, the chance for bitcoin to continue to skyrocket is getting bigger as more and more global companies are officially investing in bitcoin so this is a good sign for the future of bitcoin.

[SirLancelot]

Everyone is ecstatic about the increase, which is totally understandable. However once again I am seeing too many people being focused on just feeling happy and having fun while not realizing there will be another crash.

I do not want to be the doom caller, it could be 100k before there is another crash, so let's not get worried about it, I believe bitcoin will keep going up. However if you focus on just having fun riding the profit wave, then you will be crashed when the wave hits the sand. Hence, just take your precautions, put stop loss, diversify, and just be all around aware of the market situation so that you do not lose too much.

[jostorres]

I'll be going to find more about that info. Yes, it's good now and we see green mostly inside the market after September's end. Though currently we see some red either short corrections or day traders are now cashing out with decent profits inside their pockets.

I see your point and that's the best reason why the market is pumping, US views about crypto have a much wider scope than China's fuds.

Most of the time, those who understand the game are capable of reading the drama with all this news that circulates around this industry.

USA has always been supporting crypto one way or another. Not in a "let's make it a legal tender" type of way, but they do allow its existence and even made laws about it as well. So for right now, we are in a situation where it is purely allowed in almost anywhere in USA and that is why it is such a huge deal.

Look at Coinbase, that is the biggest example of what you can get when a nation supports crypto, they got themselves a huge company in Nasdaq worth hundreds of billions of dollars, all because they knew that crypto wasn't a problem and let it be, if they put a ton of challenges in front of Coinbase then they wouldn't have such a big company.

[DU18]

In October first week the price of BTC pump to $56,240 this is really a big bull ran but one think remember that too much time hold is not good for all time . The price is pumping and I think the price will hit the new HYP in this month . All the possibility is seeing at the moment so invest more and more in BTC and get big profit from it .

We will see new ATH can happen in october after 6 months ago, the chance for bitcoin to continue to skyrocket is getting bigger as more and more global companies are officially investing in bitcoin so this is a good sign for the future of bitcoin.

Although currently the bitcoin price has started to return to a positive path, in my opinion reaching ATH at the end of this month will certainly be very difficult, and it is possible that the price will return to correction if fud starts attacking the market again like a few weeks ago, but even though So, I personally am very optimistic that the price if bitcoin will return positive after experiencing a correction and of course the bitcoin cycle in the previous year will repeat itself, So maybe by the end of this year we can see bitcoin ATH happen again.

[Baofeng]

Was there any news to make the price shoot up? I saw a few nice pieces of bitcoin news when I saw the price had pumped a few thousand dollars, but nothing that would make me think people would suddenly start piling money in. Maybe just resistance break or sentiment change after bouncing off low $40,000s once again?

I posted this in the other thread:

https://bitcointalk.org/index.php?topic=5363454.msg58072021#msg58072021

Maybe investors saw this as a positive news, SEC delaying their approval, so still 50/50 if an ETF can be approved next month or not. A indication that SEC is really looking at it like in a microscope that's why they need additional 45 days, to make a decision. Imagine what kind of FOMO we are right now, and what if US SEC approved it? would be crazy price increase up to the end of the year and maybe see the price into the 6 digits. So everyone is jumping on the bandwagon.

This is a classic case of “buy the rumor, sell the news” if investors wait until this becomes official then the price would have increased too much when they finally get to invest in the market, so what they are doing is they are buying the rumor expecting that there is an approval and then they can take advantage of the positions they took early, and if this does not happen they can sell for a small win as the market is forming a small rally right now.

Yup that's is, buy the rumour sell the news, but it is very effective method for the price to move on a positive direction. Hit $55k and it seems there's no stopping as the price keeps on growing and we might see $60k or even new all time high this month.

This is no longer small rally but maybe another FOMOlutation, lots of movement even at weekends. Which shows that traders and investors are keeping an eye of the price and keeps on buying.

[molsewid]

Although currently the bitcoin price has started to return to a positive path, in my opinion reaching ATH at the end of this month will certainly be very difficult, and it is possible that the price will return to correction if fud starts attacking the market again like a few weeks ago, but even though So, I personally am very optimistic that the price if bitcoin will return positive after experiencing a correction and of course the bitcoin cycle in the previous year will repeat itself, So maybe by the end of this year we can see bitcoin ATH happen again.

I think that the recovery of the bitcoin price today was just starting and for sure we were going to see another ATH before this year ends however I will going to agree with you mate that it will not be that easy to happen because from time to time we will going to see unexpected corrections in bitcoins price. Though, price corrections was a natural phenomenon in crypto platform because crypto is a very volatile currency. But so far the price indication of bitcoin is very positive even if there are many fud roaming around.

[marine4u]

October has always been good for bitcoin, bitcoin value has recovered and crossed $53k since July 9th. Even so, it looks like we will be moving sideways for another week to expect a bull market  more sustainable from a bitcoin ETF according to the final decision of the SEC but it seems that even the techniques of bitcoin from Taproot are of great interest.  And again I believe PlanB will correctly diagnose this bull run.

[Fredomago]

I'll be going to find more about that info. Yes, it's good now and we see green mostly inside the market after September's end. Though currently we see some red either short corrections or day traders are now cashing out with decent profits inside their pockets.

I see your point and that's the best reason why the market is pumping, US views about crypto have a much wider scope than China's fuds.

Most of the time, those who understand the game are capable of reading the drama with all this news that circulates around this industry.

USA has always been supporting crypto one way or another. Not in a "let's make it a legal tender" type of way, but they do allow its existence and even made laws about it as well. So for right now, we are in a situation where it is purely allowed in almost anywhere in USA and that is why it is such a huge deal.

Look at Coinbase, that is the biggest example of what you can get when a nation supports crypto, they got themselves a huge company in Nasdaq worth hundreds of billions of dollars, all because they knew that crypto wasn't a problem and let it be, if they put a ton of challenges in front of Coinbase then they wouldn't have such a big company.

You are right, Coinbase has that and the business is really moving well. Cash app also cater US and it gives citizen to send money p2p, with that usages and such a big nation as them who understand the innovative system any Fuds from China will be replace by a good trust from those who understand how big the potential of Bitcoin.

The month of October saw Bitcoin and the crypto market have bounced back from the selling pressure of last September which was quite attention-grabbing as it seemed to determine the basis of the mid-term trend. the current price spike will push the Bitcoin price higher where the Bitcoin price will hit $65k again in the rest of the year.

Last month pressure might already been overcome, now we are seeing good market bounce even some slight corrections but
still gaining good support barrier, it's expected to bring experienced better bounce and possible reaching the last time high.

[Desmong]

The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.

Why an accurate speculation and I hope the market is going to keep on being bullish till the end of the month. The month of October has really shown an interesting move in the history of bitcoin exceeding the $52k price once again with much ranging market time.
The market is going to maintain this phase for a while before doing what it likes.

[pinggoki]

A few days ago bitcoin finally broke the $40k barrier and had reached a high of around 55k last time I checked. This could be a sign that the coin is already bouncing back and is readying itself for a possible return at 60k or maybe a pricepoint that is even higher than that. Time will only tell really. Although judging the graphs and the previous trend bitcoin made in the past few years it could be very possible that we are to hit 60k once again, if not achieve a new all-time high which could go as high as 100k by the minimum. So it's definitely a wise choice to buy bitcoin as early as now.

October has always been good for bitcoin, bitcoin value has recovered and crossed $53k since July 9th. Even so, it looks like we will be moving sideways for another week to expect a bull market  more sustainable from a bitcoin ETF according to the final decision of the SEC but it seems that even the techniques of bitcoin from Taproot are of great interest.  And again I believe PlanB will correctly diagnose this bull run.

Agree with you on the fact that the Q4 of every year offers bitcoin a lot of opportunities it could maximize and use in order to reach new heights. The biggest all-time-highs it has received all happened at years' close, and this year shows a lot of signs of bitcoin becoming bullish so there's a huge possibility of $65k touchdown by the year end, or a new all-time-high which will persist until Q1 of 2022 when the hype and people being to stabilize and wear off. This has been the trend of bitcoin for the past couple of years it has been in the market and I doubt this year's gonna be an exception.

[Review Master]

The market is going to maintain this phase for a while before doing what it likes.

If bitcoin hits the support or resistance level again and again, than higher possibility to break that level. So maybe we can expect sideways movement for 1 week, than either it'll be taking bullish rally or correction depending on the volumes as it’s currently low compare to previous bullish rally for new ATH. So, lets wait for breakout or maintaining the current phase. 

[uneng]

Everyone is ecstatic about the increase, which is totally understandable. However once again I am seeing too many people being focused on just feeling happy and having fun while not realizing there will be another crash.

I do not want to be the doom caller, it could be 100k before there is another crash, so let's not get worried about it, I believe bitcoin will keep going up. However if you focus on just having fun riding the profit wave, then you will be crashed when the wave hits the sand. Hence, just take your precautions, put stop loss, diversify, and just be all around aware of the market situation so that you do not lose too much.

It's very unlikely a crash will hit bitcoin at the end of the year. Usually fourth-quarters are a very positive period for bitcoin. And at this time, we have rumours of regulations to be introduced in different countries, what is often used by the media to explain bitcoin's currently pumps, as traditional investors can finally adopt bitcoin legally towards the laws of the countries where they and their businesses are established.
Maybe some bad news like an important country banning bitcoin (with the exception of China) could affect the price negatively, leading to a crash, but let's hope it's not going to happen soon. Hopefully bitcoin will hit 60,000$ by the end of this year and make it its new support level.

[Slow death]

the point is not necessarily the month of october is the month of bull, this month the SEC will probably be able to approve bitcoin ETF and this is making many people buy bitcoin wildly to the point where the price of bitcoin rises to $56000. the question is:

what price will we see in november?

what price will we see if they don't approve the ETF?

[tbct_mt2]

the point is not necessarily the month of october is the month of bull, this month the SEC will probably be able to approve bitcoin ETF and this is making many people buy bitcoin wildly to the point where the price of bitcoin rises to $56000. the question is:

what price will we see in november?

what price will we see if they don't approve the ETF?

This. SEC will make FUD to dump Bitcoin at least one more time. We will have to prepare for that. SEC filed law suits against Ripple last year so what if after dumping Bitcoin with rejection on Bitcoin ETF, SEC lessen the law suits against Ripple?

Don't forget China. Where the FUD comes from, it is where will will see news that pumps Bitcoin.

October, November, this year or next 4 years, I don't care much. Because I am Bitcoin holder and I only trade Bitcoin in Spot. I don't care about dumps, if I don't have capital to do DCA.

[South Park]

You could have been making profits by now if you have bought bitcoin in the previous months where bitcoin price was still at $30k-$35k. But with the current price at $54,166k at the moment, i think bitcoin is on its way to bullish trend. But if you think of buying right now, this could mean a higher risk knowing you will lose anytime when the market suddenly crashes. Maybe wait for some time for bitcoin to crash again and it will be a good time to buy bitcoin. Although bitcoin will surely make  a good price increase as always, but you will definitely gain more profits if you can buy it at a much lower price.

True, but most people are afraid of buying the dip, they think that bitcoin is going to keep going down after they buy, and that could be true but that does not matter, what matters is that you are getting bitcoin for a cheaper price than the majority of those that bought during that period and if you can keep holding your bitcoin then you will eventually get profits, unlike what happens with those that are buying right now which need the bull run to continue to see some small profits.

[tygeade]

SEC will make FUD to dump Bitcoin at least one more time. We will have to prepare for that. SEC filed law suits against Ripple last year so what if after dumping Bitcoin with rejection on Bitcoin ETF, SEC lessen the law suits against Ripple?

Don't forget China. Where the FUD comes from, it is where will will see news that pumps Bitcoin.

October, November, this year or next 4 years, I don't care much. Because I am Bitcoin holder and I only trade Bitcoin in Spot. I don't care about dumps, if I don't have capital to do DCA.

I am not sure if it is SEC does it. Last few times has been CCP and china keeps on banning bitcoin all the time. If there is any government that wants to see bitcoin drop in price then I am pretty sure number one is China. Sure SEC is probably not thrilled by the idea that bitcoin is growing bigger but I have not heard of them do anything so far, whereas I have heard that CCP constantly does something against bitcoin.

This is why I doubt that it would be something that would be wise to wait something from them, but it would be smart to wait on a bad news from china. Now that the price is once again higher, I know for sure that they will try to do something again, whenever price goes up, they end up banning another part of crypto, it was miners then transactions and god knows what the next one will be like so I am sure they will be attacking very soon.

[yohananaomi]

October has always been good for bitcoin, bitcoin value has recovered and crossed $53k since July 9th. Even so, it looks like we will be moving sideways for another week to expect a bull market  more sustainable from a bitcoin ETF according to the final decision of the SEC but it seems that even the techniques of bitcoin from Taproot are of great interest.  And again I believe PlanB will correctly diagnose this bull run.

since the beginning of october or Q4 it looks slowly but surely bitcoin has started to move up, when at the beginning it was in a position in the range of $47K+ and now it has reached $57K+ means that there has been a significant increase for more or less entering the second week of this month . so it is true what you say that bitcoin is recovering and will continue to move up.

Of course, the hope is that all bitcoins will not decline again below $50K, because the situation with that number is very crucial and it seems difficult to be surpassed by bitcoin a while ago, so it took quite a long time. now it's past and hope that positive news will come again and not bad news that will make bitcoin erode again.

if it is true that the halving effect will occur then in November or December there will be ATH, after that it will decrease after passing the turn of the year which always occurs after the same halving effect as the events in 2013 and 2017 after the occurrence of renewable ATH.