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Author Topic: October price guess  (Read 1220 times)
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October 08, 2022, 06:08:55 AM
 #101

An impact was anticipated in the crypto community in October. While the price of Bitcoin also had a tendency to increase slightly. But suddenly the BNB chain hack made everyone appal. Even if this did not happen, there is no guarantee that the market would have gone up. But the negative sites of this trend support the crypto to be more bearish. Maybe it's not right to expect anything better this October.


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October 08, 2022, 07:55:27 AM
 #102

Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.
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October 08, 2022, 10:45:58 AM
 #103

Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.

Nah, that's not always gonna be the case and that basis is not relevant. If remember it correctly, the 2017 and 2021 pump did not started or shown sign in October, but it was early September or even late in August, Bitcoin started to show it's strength already. AFAIK, October was a neutral month for Btc price. November & December are most likely the month that determines how the price of Btc will be.
Just be careful of following these so called experts, some of them are just like us, guessing the price based on past data and trend without diving deeper and study the market movement and sentiments.

R


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October 08, 2022, 04:18:22 PM
 #104

$20k is so boring. We've been at 20k for long enough, but maybe not for those just starting,
It's a good price to accumulate more BTC for the bull season will be full of tremendous profits.
Did you know that the surest way to get rich is boring? It's usually slower, but safer than the exciting ones. As you say, it's a good time to accumulate.

As for this month, I think it's going to be like last month, the price is going to be around 20,000 USD. I don't expect significant changes in the price until the mid-term elections in the USA or if we have any shocking news, like regarding the war, for example.
BORING! That is something people need to learn a lot and that is going to take a long time before anyone figures it out. These days people do not realize that if you insist on a good investment strategy for 3 decades, you are going to end up being rich most of the time. Of course, do not do it with something horrible, it would result with you losing a lot of money, but it is certainly something you could do with a proper strategy.

Like buying bitcoin with 10% of your salary every month, for 30 years, will equal you being super wealthy by the time it ends, not guaranteed but I feel like it would be true. And yet, people do not even consider it.
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October 08, 2022, 06:03:42 PM
 #105

Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.

Nah, that's not always gonna be the case and that basis is not relevant. If remember it correctly, the 2017 and 2021 pump did not started or shown sign in October, but it was early September or even late in August, Bitcoin started to show it's strength already. AFAIK, October was a neutral month for Btc price. November & December are most likely the month that determines how the price of Btc will be.
Just be careful of following these so called experts, some of them are just like us, guessing the price based on past data and trend without diving deeper and study the market movement and sentiments.
If I were you I wouldn't follow such experts as you say, everyone can make their own prediction but if they were part of the whales who moved the price I might have to consider learning from them if they will give me enough knowledge to make profit. But everything can be learned through experience and failing while trying is an experience already.

Back to the topic, October isn't just going to make such price movement and I think it will just continue to be bearish along the way until the end of the month. News will change everything of what we're expecting, be a pump or dump.

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October 09, 2022, 06:21:22 AM
 #106

So far, the beginning of October is very similar to the beginning of August. Back then bitcoin also started to rise from the first days of the month. I wouldn't count on any serious price recovery this year, but local growth and pumping of altcoins may well happen. There is plenty of fuel for growth in the market, everyone expects a bad scenario and shorts.
There is really no way of knowing what’s going to happen with bitcoin because it's a volatile and unpredictable thing. We could see it finish the month at 30k+, or we could see it finishing under 20k, both of them are equally possible. Nobody could convince me that it is "impossible" for it to break ATH just inside this month, I know it’s hard but technically speaking it is possible and that’s what I believe in bitcoins power.

I am not saying that’s what we are going to have, like I said I do not kow what’s going to happen but I know that none of us could ever know what’s going to happen which is why we should be a bit more careful when investing.

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October 09, 2022, 09:27:53 AM
 #107


If I were you I wouldn't follow such experts as you say, everyone can make their own prediction but if they were part of the whales who moved the price I might have to consider learning from them if they will give me enough knowledge to make profit. But everything can be learned through experience and failing while trying is an experience already.
Who is the expert? They are like us, predicting prices based on charts, and history...and sometimes using emotions to make predictions. They don't have any better tools than us, if they can predict the market nobody will lose.



Back to the topic, October isn't just going to make such price movement and I think it will just continue to be bearish along the way until the end of the month. News will change everything of what we're expecting, be a pump or dump.

That is exactly what we are waiting for, the market is unpredictable because events in the world are a mystery it can happen at any time. I also expect the market to recover slightly in October but with the current situation, news often comes unexpectedly so the market depends on the news.

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October 10, 2022, 02:38:23 AM
 #108

At least 25k ? this maybe hard as this Month is just started but we can feel that there is a hard days coming before it ends so I will only look at 25k before releasing some of my funds for my business extension next month as the business will be for December season.
Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.
Market never depend in single month , instead the year is whole and there are months to cover , investors usually love waiting in this month because this is the beginning of the end year.


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October 10, 2022, 12:48:08 PM
 #109

At least 25k ? this maybe hard as this Month is just started but we can feel that there is a hard days coming before it ends so I will only look at 25k before releasing some of my funds for my business extension next month as the business will be for December season.
Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.
Market never depend in single month , instead the year is whole and there are months to cover , investors usually love waiting in this month because this is the beginning of the end year.

The condition of the Internal ‍side of the crypto market is undoubtedly good but the outside condition is in crisis. Ukraine Russia war effect is now everywhere. In the coming winter, Europe will have to pass difficult time lacking of fuel. Considering that time, people are already suffering from existence. As a result, the image of the other year was no longer visible in this month. Now it is uncertain when the situation will be normal. In this way we can expect maximum $21k at the end of the month.

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October 10, 2022, 03:00:20 PM
 #110

At least 25k ? this maybe hard as this Month is just started but we can feel that there is a hard days coming before it ends so I will only look at 25k before releasing some of my funds for my business extension next month as the business will be for December season.
Many experts say that the market conditions at the end of the year are very dependent on October, from some previous history, October is indeed a sign of whether the market will be red or green, and we have entered the 8th but there has been no movement in the market.
Market never depend in single month , instead the year is whole and there are months to cover , investors usually love waiting in this month because this is the beginning of the end year.




I think the difficulty has come, OPEC + reduces oil production causing oil prices to rise, Russia and Ukraine continue to have a more intense conflict when Russia directly attacked the Ukrainian capital today, raising tensions between the two sides to a new level. And in one of the recent interest rate rumours, the Fed set an interest rate target of 4.5% in early 2023, meaning the next 2 rate hikes will be very high.

I was hoping we would be better in October but with this news my hopes have gone up in smoke, what we should hope for now is bitcoin will not have to fall anymore instead of expecting it to rise in October or last 3 months of the year.
https://finance.yahoo.com/news/fed-headed-4-5-4-182210540.html

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October 11, 2022, 03:28:07 AM
 #111

Some People are saying that October will be the worst month for bitcoin and you are saying that October will be the moderate (we will see increase) for bitcoin.
October is stable so far following the tendency of previous months. I think we can consider it a victory already if bitcoin is able to reach November on this same price range above 20,000$. The challenge this year is for survival. The longer bitcoin keeps its price intact during the following months the stronger it will be once the market makes the swap from bearish to bullish conditions.
Im afraid this can be called as Victory because we started the year with double of this price so having it end with 20k is much lower and I think we can still come to hyping at least 30k or maybe 40? this can be possible if the economy of the world recovers a little from the complete dumping this 2nd and 3rd quarter.
Oct appears like it can be positive right now as a guess, the overall picture remains challenging which means you need to be an optimist to believe we end differently this month.
  We have a decent set of higher lows for many days now, we have seen the average drop enough that we can easily challenge and exceed them.   Also just the fact we start low, October can be a green month without a large amount of effort required.
this may sounds challenging but at least fulfilling , as we already starts setting to 20k this start of the month and with this good act I think you are correct that there maybe a good positioning this Oct.
So far the monthly candle looks good, but it is the beginning of the month and we know how fast bitcoin is able to break through any resistance. Although I also think that October and the fourth quarter will be good for the cryptocurrency. Now we need to weekly chart would go above 200 MA.
Actually not that good mate but at least semi stable ?

maybe not that best but at least to recover higher than what we have today?  there are still more than 10 weeks remaining? yet 200MA per week is not that attainable in my opinion.

But waiting still for 30k that will maintain this December to find best result .

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October 11, 2022, 04:06:53 AM
 #112

So far, the beginning of October is very similar to the beginning of August. Back then bitcoin also started to rise from the first days of the month. I wouldn't count on any serious price recovery this year, but local growth and pumping of altcoins may well happen. There is plenty of fuel for growth in the market, everyone expects a bad scenario and shorts.
There is really no way of knowing what’s going to happen with bitcoin because it's a volatile and unpredictable thing. We could see it finish the month at 30k+, or we could see it finishing under 20k, both of them are equally possible. Nobody could convince me that it is "impossible" for it to break ATH just inside this month, I know it’s hard but technically speaking it is possible and that’s what I believe in bitcoins power.

I am not saying that’s what we are going to have, like I said I do not kow what’s going to happen but I know that none of us could ever know what’s going to happen which is why we should be a bit more careful when investing.
I agree with you that at any moment the market could turn around and bitcoin could start to rise sharply, just as it could fall back to a new bottom. But the bears have been in the market for a long time, almost a year now, so many have a feeling or analysis, call it what you will, that there is likely to be a rise soon. Some indicators and statistics say so too. But once again I agree with you that these are just predictions and no one can say what will happen in the future.

Basically no one knows what will happen this October, so everyone is free to predict where the Bitcoin price will go. All possibilities can happen,
especially since we know that Bitcoin's movements are very volatile, therefore it is difficult to predict. So it's better for us to make decisions based on
our own research and analysis, rather than relying on other people's predictions that don't guarantee accuracy. But if we see the bear market
has been running for almost a year and there is no indication that the bear market will end. I think the bear market will probably last until the end of
the year, meaning that the probability of Bitcoin price falling lower in October is greater. Even if Bitcoin price falls lower in October it's not something
we need to worry about, because as long as we don't sell Bitcoin at low prices, we shouldn't have lost. Most importantly, we must use the opportunity
to accumulate Bitcoin if it turns out that the Bitcoin price drops and hold until the market recovers.

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October 12, 2022, 07:22:41 AM
 #113

The best time to buy bitcoin is now. Traders should prefer to go long or buy instead of going short, but going short is also good if the signal really suggest bear market. But all I am thinking that would happen next month is that bitcoin would increased, get to $20000 and increase above it.
Currently, the price is over $19k. I think this is a little bit high and not really the best price for buying. Also, you said earlier that bitcoin price can't go beyond $22.8k so it means that we will only see a downfall below $19k. We better wait for that.

You can't just say that traders should go for long term because they choose to be a trader anyway but traders can buy at any moment because they can ride the market volatility not like to those who invest for long term that they avoid the volatility because they think it was too risky. I think bitcoin didn't hit $25k last august but it was only close to that. $25k seems the ultimate resistance right now.
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October 12, 2022, 08:00:06 AM
 #114

Currently, the price is over $19k. I think this is a little bit high and not really the best price for buying.
It depends on how long you are holding. Bitcoin would increase above $19000 again, but maybe not this month again. But for long term holders, it is a good buying price.

Also, you said earlier that bitcoin price can't go beyond $22.8k so it means that we will only see a downfall below $19k. We better wait for that.
DCA would be good. But I am predicting less volatile market this month. For those that want to hold, I believe next month volatility may be more and go towards the bear direction. Which means I am suggesting that bitcoin price may fall next month.

I think bitcoin didn't hit $25k last august but it was only close to that. $25k seems the ultimate resistance right now.
You do not have to think, but be certain. You can use sites like Coingecko or Coinmarketcap for it, or use the exchange price for it. Bitcoin was slightly above $25000 in August.

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October 12, 2022, 09:38:44 AM
 #115

October is stable so far following the tendency of previous months. I think we can consider it a victory already if bitcoin is able to reach November on this same price range above 20,000$. The challenge this year is for survival. The longer bitcoin keeps its price intact during the following months the stronger it will be once the market makes the swap from bearish to bullish conditions.

$20k is so boring. We've been at 20k for long enough, but maybe not for those just starting,
It's a good price to accumulate more BTC for the bull season will be full of tremendous profits.
It is also a good place to start the pump, and I hope BTC continues to rise but still don't know how long it will take
It could be boring for now, but it is not going to be that much of a problem in the long run eventually because it means when the fun times come, you will be ready for it. We have been at 20k for a while, but how much bitcoin have you collected at this period? There are still so many people who hasn't bought bitcoin yet, which is insane to think about but it is the reality.

We should be realizing that bitcoin could get a lot better in the long run and accumulate more today. That's the way we could profit, being ready for the future, do not complain about today being boring, get hopeful about the fun you are going to get in the future when the bull run comes.

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October 12, 2022, 02:10:46 PM
 #116

We all know September is the month of blood for bitcoin and October is the month of positivity. Grin BTC price is moving in sideways for a long time and my assumption is it will remain this way for a couple of months more and after that, we could see downward or upward momentum. I am certain that we are at the bottom or at least very near of it already. So enter if you haven't already.
Entering the market at this time is indeed a very good opportunity for everyone. But in terms of increasing the price of BTC in general I don't think it will definitely increase at the beginning of next year, unless there is a gradual increase in the price of a few percent in Bitcoin. Because Bitcoin requires a greater increase in order to be at a more expensive price than now, so the time required for Bitcoin will also not be small for this.
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October 12, 2022, 08:59:12 PM
 #117

October is stable so far following the tendency of previous months. I think we can consider it a victory already if bitcoin is able to reach November on this same price range above 20,000$. The challenge this year is for survival. The longer bitcoin keeps its price intact during the following months the stronger it will be once the market makes the swap from bearish to bullish conditions.

$20k is so boring. We've been at 20k for long enough, but maybe not for those just starting,
It's a good price to accumulate more BTC for the bull season will be full of tremendous profits.
It is also a good place to start the pump, and I hope BTC continues to rise but still don't know how long it will take
I can see the whole third quarter of bitcoin only stick to its price ranging from $18k to $22k, not bad for beginners but maybe for most of us, we are expecting higher price than that, but until now seems it won’t be happening at all. However, I just hope this new month will bring another hope. Maybe we can start seeing a bullish price this last quarter, I guess $23k to $30k may seem possible as long as there are no negative events that will bring down the market again.
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October 12, 2022, 09:42:44 PM
 #118

The price of bitcoin hasn't been encouraging since the beginning of the year. Bitcoin price has been fluctuating below $21k for some months and it shows no signal of skyrocketing above that before the end of this month. The bear market may keep hitting on bitcoin till the end of this year. Maybe by next year, we will be able to see changes in bitcoin prices. For now, am having long-term objectives towards my bitcoin investment.

R


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October 12, 2022, 11:05:00 PM
 #119

The price of bitcoin hasn't been encouraging since the beginning of the year. Bitcoin price has been fluctuating below $21k for some months and it shows no signal of skyrocketing above that before the end of this month. The bear market may keep hitting on bitcoin till the end of this year. Maybe by next year, we will be able to see changes in bitcoin prices. For now, am having long-term objectives towards my bitcoin investment.
If we do look on starting of this year 2022 which majority of us been bullish.Checking out the charts which we do play around ranging from 48k down to 36k+ and back and forth until the time comes where the price had

started to plummet gradually in the month of May and never came back into those 40kish price and start to move sideways for 4 months since July staying on 20k+ price and playing on levels.

This is why its really hard to assume or presume on what would be the closing price for this money.Usually 4th quarter of every year which people been hoping or anticipating for some
increase.

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October 13, 2022, 11:18:26 AM
 #120

The price of bitcoin hasn't been encouraging since the beginning of the year. Bitcoin price has been fluctuating below $21k for some months and it shows no signal of skyrocketing above that before the end of this month. The bear market may keep hitting on bitcoin till the end of this year. Maybe by next year, we will be able to see changes in bitcoin prices. For now, am having long-term objectives towards my bitcoin investment.

I guess you know that answer about why the price keeps going on sideway, it's because we are in a bear market.

That's why smart investors know how to take advantage of this market movement. Keeps on accumulating until some time that they have enough and just be ready to sell if the bull run if they needed fiat.

But definitely, long term is the key here, as a I have said, it's better to look very positive even when the price is declaining. Invest, simply as that.

R


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