Bitcoin October Month Performance

[Sophokles]

The price of bitcoin may or may not increase all that in this month of October. Things might change if the demand collapsed. Although one can judge from the past record, it is not to be completely on that. For me, l am guessing a price increment between $27000 and 29000 in this month of October.

At least you think the price of bitcoin will rise to $27k and $29k, I wish to see that happening before we enter the second week of October. I still don't know why it took so long before the price got to $27k, with the way it was going up last month I thought it would get to a surprising amount like $29k and now we would be thinking of the price getting to $30k or even $32k but the month is still young let's hope for green.

There isn't much volume or momentum in the bitcoin market which has resulted the price remain between $26k to $29k. However $30k proves to be a strong resistance level for bitcoin so breaking it will be a challenging task. What you are predicting will be difficult to achieve. I am expecting a little bit of negativity towards the end of 2023 as there can be new fud for binance.

[Onyeeze]

Already bitccoin is in 27k and the way I'm seeing bitcoin price I believe that the price of bitcoin is something else and I believe that the price will not exceed 30k this October so I believe that the only way bitcoin can increase is when you have good information concerning bitcoin investors, but if bitcoin price is higher than 27k now that means the price will be moving up because in 2024 and 2025 according to predict they assume that they will no be a bridge of bullrun, but when government interven for bitcoin by next year by giving a fake information about bitcoin we all shall experience bullish.

[kotajikikox]

Bitcoin October Month Performance

🟢2013 → 60.79%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %

What do you think?
How much will Bitcoin pump this October? 👀

Comment Your opinion ⬇️

There was a Gap from other years meaning that it is down from those?

so how come that Pump is assured this year when it  is obvious that we are coming to another Bullrun and surely dumping will be constant before it happened?

but anyway lets see whats coming .

[bitterguy28]

What do you think?
How much will Bitcoin pump this October? 👀

Can you attach the data source because I do not remember that there was a month in which Bitcoin continued to rise since 2013. There are always several green months and some red, but the number of green months is more on average.
Bitcoin price is currently governed by the 50- and 200-day EMA at $26,648 and the momentum is still not enough as the 27777 level is becoming more difficult to break, which may indicate that if we close the month of September at these levels, it will most likely be next month. Red, or at least in the 31,200 R.

Image source

I am also looking for that data because it seems to be none that something like that happened as there are only small increase in some months since the beginning of 2023.
I even thought that we have something this october but again it falls back to 27k.
though I was looking this last quarter to at least shows us a great increase before the year ends.

[Texac]

The price of bitcoin may or may not increase all that in this month of October. Things might change if the demand collapsed. Although one can judge from the past record, it is not to be completely on that. For me, l am guessing a price increment between $27000 and 29000 in this month of October.

At least you think the price of bitcoin will rise to $27k and $29k, I wish to see that happening before we enter the second week of October. I still don't know why it took so long before the price got to $27k, with the way it was going up last month I thought it would get to a surprising amount like $29k and now we would be thinking of the price getting to $30k or even $32k but the month is still young let's hope for green.

There isn't much volume or momentum in the bitcoin market which has resulted the price remins between $26k to $29k. However $30k proves to be a strong resistance level for bitcoin so breaking it will be a challenging task. What you are predicting will be difficult to achieve. I am expecting a little bit of negativity towards the end of 2023 as there can be new fud for binance.

Did I miss something, what are the new fuds about Binance?  I remember that the news regarding the lawsuit between Binance.us and the SEC was over and had almost no impact on the market anymore. 

In fact, we are only expressing our expectations about bitcoin because we have no solid evidence of our predictions about bitcoin.  therefore, each person will have different predictions because each person's expectations are different.  as for me, I remain optimistic that October will be a good month for bitcoin and that we can reach our target of $30k or $31k before the end of the month.

[pooya87]

Oil price is rising again and with the temperature dropping slowly we are going to see another slow rise in energy prices in general. This would lead to more inflation specially as they failed to control it with their interest rate manipulations.
We all know during inflation bitcoin price goes up but as long as recession doesn't get worse (unlikely unless they increase interest rates again).

This explains the recent price rise too. If oil goes past $100, it could act as the catalyst to shoot bitcoin up above $30k which can also lead to a rising momentum.

[cryptomaniac_xxx]

Already bitccoin is in 27k and the way I'm seeing bitcoin price I believe that the price of bitcoin is something else and I believe that the price will not exceed 30k this October so I believe that the only way bitcoin can increase is when you have good information concerning bitcoin investors, but if bitcoin price is higher than 27k now that means the price will be moving up because in 2024 and 2025 according to predict they assume that they will no be a bridge of bullrun, but when government interven for bitcoin by next year by giving a fake information about bitcoin we all shall experience bullish.

Perhaps the best scenario for us is to see bitcoin around $28k this October, that is if the trend continue up to the end of the month. But it doesn't mean that we are in bull run, most likely as @pooya87 said, with this coming months, oil price will likely to go up as the temperature dropping low and we need oil specially in Europe otherwise they are going to to freeze to death.

So what I mean is that there are a lot of parameters to look up, definitely there is the fundamentals. But we should also look at world economics and financials and how it will have a impact to bitcoin whether negative or positive.

[Aanuoluwatofunmi]

This October month should come in as anticipated for more of bull market than bear, though we are already seing part of this happening as the market rises of recent and all that could be aimed now is to target the limit of $30,000 resistance and remain above that, this will also encouraged for more investments and for investors to hold since we are fast approaching the halving which has the features of bullrun and high market volatility so that everyone can earn through such period.

[pooya87]

most likely as @pooya87 said, with this coming months, oil price will likely to go up as the temperature dropping low and we need oil specially in Europe otherwise they are going to to freeze to death.

That would be the gas price. Oil price first and foremost affects the fuel prices (gasoline and diesel) then it affects everything. For example one of many effects is as diesel price goes up, the transport costs increase so the supply chain is strained and price of groceries go up hence increasing inflation.

[Oasisman]

This October month should come in as anticipated for more of bull market than bear, though we are already seing part of this happening as the market rises of recent and all that could be aimed now is to target the limit of $30,000 resistance and remain above that, this will also encouraged for more investments and for investors to hold since we are fast approaching the halving which has the features of bullrun and high market volatility so that everyone can earn through such period.

It should be, during the 4th quarter of each year people are always anticipating for a bullrun. Though we have not seen that so far a few days after we enter the month of October, but that is totally fine as we are still very early in this quarter.
Market sentiments remains bullish moving closer to the bitcoin halving. $30k resistance level is quite achievable this month, but I won't gonna expect it won't come down below that once it touches that level. I am expecting bitcoin will play around the 28k to 30k region.
I may be expecting a bullrun pre-halving but most likely new ATH will come several months after the halving.

 

most likely as @pooya87 said, with this coming months, oil price will likely to go up as the temperature dropping low and we need oil specially in Europe otherwise they are going to to freeze to death.

That would be the gas price. Oil price first and foremost affects the fuel prices (gasoline and diesel) then it affects everything. For example one of many effects is as diesel price goes up, the transport costs increase so the supply chain is strained and price of groceries go up hence increasing inflation.

Can't agree more. Oil prices will create a domino effect to all the prices in the market, especially the essentials, that's where they put the increase first and we already knew why.
But then again, this has never affected bitcoin.

[aylabadia05]

What do you think?
How much will Bitcoin pump this October? 👀

I am one of those who believe Bitcoin will experience a change in good direction in October.
The average percentage return in October this year will probably reach above 7% because the average percentage return in October 2022 is only 5.53%. I can't show you the table but I've seen it.
If the first week closes at $28,000, at least I'm waiting for the latest support price in the second week.

Edit to add: Constantly thinking about signals and figuring them out is not good for health because those who believe in Bitcoin's positive movement are working on other jobs that bring in extra income.

[GbitG]

What do you think?
How much will Bitcoin pump this October? 👀
Comment Your opinion ⬇️

What is expected from Bitcoin in the month of October? Express your opinion on this topic as well. Looking at the current price of Bitcoin, Currently, Bitcoin is moving similar to 2021, where Bitcoin is moving in a parallel channel and candle making a higher-higher trend while RSI is moving oppositely. As a result, a bearish hidden divergence is made, and there is no doubt BTC will be rejected in the weekly time frame.
And the same scenario happened in 2021 after halving, due to which BTC made its final Bitcoin bonus and made its all-time high from 24k to 38k to 50k, and after some rejection, to 64.8k. And what's more, the same scenario is happening this time too; Bitcoin halving is as close as 2021 to making this scenario perfect.

So the aim is to say that in the month of October, someone must add bitcoin to their assets; otherwise, they will not get a chance to pick it up at this price. A bull run is about to take place.

[Negotiation]

This October month should come in as anticipated for more of bull market than bear, though we are already seing part of this happening as the market rises of recent and all that could be aimed now is to target the limit of $30,000 resistance and remain above that, this will also encouraged for more investments and for investors to hold since we are fast approaching the halving which has the features of bullrun and high market volatility so that everyone can earn through such period.

A bitcoin halving slightly lower interest rates and mining support could further boost bitcoin prices next year. Since bitcoin usually drives the crypto market this will likely lead to a typical bull run. Prices of cryptocurrencies will reach their highest levels. Millions of investors may soon be looking at their first crypto bull run and it could come as early as 2024 if not October. Bitcoin price may rise to its all-time high It has gone through that resistance and the coin will rise and reach a new ATH.

[_BlackStar]

-snip-

A bitcoin halving slightly lower interest rates and mining support could further boost bitcoin prices next year. Since bitcoin usually drives the crypto market this will likely lead to a typical bull run. Prices of cryptocurrencies will reach their highest levels. Millions of investors may soon be looking at their first crypto bull run and it could come as early as 2024 if not October. Bitcoin price may rise to its all-time high It has gone through that resistance and the coin will rise and reach a new ATH.

So far I have found quite a lot of people who are optimistic that 2025 will be the best year for bitcoin. But that's a discussion that should concern long-term investments - but for a relatively short period of time such as a monthly period, then I think it will vary.

Since entering October - bitcoin price has tended to test a good resistance level at $28k. Although it is still difficult to expect it to be strong support - but in the first week $28k was touched 2x. There are high hopes of $28k becoming strong as bitcoin's new support during this month - but we need to see trader panic lower.

[doomloop]

What do you think?
How much will Bitcoin pump this October? 👀

I am one of those who believe Bitcoin will experience a change in good direction in October.
The average percentage return in October this year will probably reach above 7% because the average percentage return in October 2022 is only 5.53%. I can't show you the table but I've seen it.
If the first week closes at $28,000, at least I'm waiting for the latest support price in the second week.

Edit to add: Constantly thinking about signals and figuring them out is not good for health because those who believe in Bitcoin's positive movement are working on other jobs that bring in extra income.

So you think the price should always improve year after year? There might be new people who adopt BTC and other positive happenings but negative things are still bound to happen which can also affect the price in the same vibe. Don't be sad just yet because what you and others are saying about an increase can still come true because last year was only a bear season and sometimes after it, is a bull season.

In your addition, I think the ones who does that are the active traders, and it does not mean that they are neglecting their health anymore. They do believe in BTC or they are positive about it. It's just that they make trading as their main source of income.

[Dave1]

-snip-

A bitcoin halving slightly lower interest rates and mining support could further boost bitcoin prices next year. Since bitcoin usually drives the crypto market this will likely lead to a typical bull run. Prices of cryptocurrencies will reach their highest levels. Millions of investors may soon be looking at their first crypto bull run and it could come as early as 2024 if not October. Bitcoin price may rise to its all-time high It has gone through that resistance and the coin will rise and reach a new ATH.

So far I have found quite a lot of people who are optimistic that 2025 will be the best year for bitcoin. But that's a discussion that should concern long-term investments - but for a relatively short period of time such as a monthly period, then I think it will vary.

Since entering October - bitcoin price has tended to test a good resistance level at $28k. Although it is still difficult to expect it to be strong support - but in the first week $28k was touched 2x. There are high hopes of $28k becoming strong as bitcoin's new support during this month - but we need to see trader panic lower.

Of course, that's one way to view it, short or long term, just like in trading as well, we have day traders who just wanted to squeeze some profits daily and then those who wait before they sell.

So for sure term discussion or at least for this year, $30k could be the best price, $40k will be a surprised.

As for the next bull run, yeah 2025 could be the biggest as we are anticipating a 6 digit figure as our new all time high.

[DaNNy001]

What do you think?
How much will Bitcoin pump this October? 👀

October could be the month we have expected to see the bitcoin market price rise from where we are currently to about $35,000 to $40,000 since the last days already have been showing some significant steps to rise as we've attained $27,000 already, if this is maintained then there's every likely possibilities that the bitcoin market may rise more gradually till we get there before the end of the October.

That's a pretty big break out don't you think, although I believe this month might yield some good turn for the market price value as we have already seen that this early period but I would also to point out the fact that the market is rather unpredictable and can take any sudden turn from anywhere so Bitcoin can still drop this month depending on the news that will have effect on the Market price. As investor and Bitcoin holder, am currently even praying and hoping that the price stays like this or even go low More so I can actually accumulate more coins toward the expectated bull after the halving period.

[GeorgeJohn]

This is a prediction and in which anyone who predict here might have not make a research and present its prediction in cryptocurrency, I believe that cryptocurrency generally have what makes Bitcoin to increase, because bitcoin price you can drop your values and tomorrow the price of bitcoin will increase to a point that is above expectations or it decrease above your expectations too.

At moment the price of bitcoin has been stagnant for long time and for the price to be stagnant I believe that something is attached to it either what people campaign of bitcoin or what they dispense of bitcoin, in every October bitcoin price do appreciate in value and if you should ask me to give you my prediction in addicted of current price of bitcoin, I will just add three dollars ($3) in addition to the current values now, because I know quite well that bitcoin price is something I know very well that has to do with information, so bitcoin price is between twenty seven and twenty eight (27k-28k) in price, so with addiction of three dollars in 27k it will be thirty thousand [30k] and in 28k it will be thirty one [31k]

[laurenB7742]

What do you think?
How much will Bitcoin pump this October? 👀

October could be the month we have expected to see the bitcoin market price rise from where we are currently to about $35,000 to $40,000 since the last days already have been showing some significant steps to rise as we've attained $27,000 already, if this is maintained then there's every likely possibilities that the bitcoin market may rise more gradually till we get there before the end of the October.

That's a pretty big break out don't you think, although I believe this month might yield some good turn for the market price value as we have already seen that this early period but I would also to point out the fact that the market is rather unpredictable and can take any sudden turn from anywhere so Bitcoin can still drop this month depending on the news that will have effect on the Market price. As investor and Bitcoin holder, am currently even praying and hoping that the price stays like this or even go low More so I can actually accumulate more coins toward the expectated bull after the halving period.

I expect October to be positive for bitcoin as October is usually a good month for the market. But with recent world news showing increasing uncertainty, I'm starting to temper my expectations between now and the end of the year. I think it will be difficult for the market to break out this month and you will have more time to fill your bitcoin pocket. You are one of the few investors I see who want bitcoin to fall more to accumulate more bitcoin because most others are just waiting for things to go back up.

[Jessie2121]

There isn't much volume or momentum in the bitcoin market which has resulted the price remain between $26k to $29k. However $30k proves to be a strong resistance level for bitcoin so breaking it will be a challenging task. What you are predicting will be difficult to achieve. I am expecting a little bit of negativity towards the end of 2023 as there can be new fud for binance.

There might not be much volume like you said but the major concern is how fast the market price is going up, that alone can break the barrier to $30k. I really can't say is a prediction but what the market is giving that's where the expectations are coming from, before getting to the end of this year I believe the market price will be on a positive side, because I think the past 3 months have taken the negative side of the market and we're about to see more of the green side of Bitcoin price.