Welcome to Uptoberfest

[el kaka22]

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

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

[Kittygalore]

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

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

[FanEagle]

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

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

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

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

[ultrloa]

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

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

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

[Kemarit]

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

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

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

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

[adaseb]

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

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

[mumang siat]

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

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



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

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

[ice18]

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

[Oceat]

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

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

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

[mumang siat]

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

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

[buwaytress]

Nice one, OP. Nice.

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

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

Choo choo or too soon?

[davis196]

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

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

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

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

[GreatArkansas]

(...)

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

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

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

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

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

[BrewMaster]

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

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

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

[adaseb]

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

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

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

[STT]

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

[beerlover]

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

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

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

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

[2double0]

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

[rincoeng1986]

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

[Finestream]

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

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