BTC Sentiment Poll for October

[Fundamentals Of]

I was surprised I am the only who voted that the price would move sideways between $25,000 and $28,000. The majority thinks that there will be a breakout above $30,000 and the price stays there. I wonder what makes them think that way.

As for me, I don't have anything in mind that would push Bitcoin's price up to $30,000. Aside from the stats saying that October is Uptober, nothing is really big so that Bitcoin would go above $30,000.

$30,000 is probably high within the month. $29,000 is not even a target.

[Sebas.tian]

I think, this month of October will be different from other months for holders to experience what they have never experience from the beginning of this year in Bitcoin investment, which the green candle is trying to showcase the sign for holders to exercise patience with their holding. Since the price has reached $28,212 in this month of October, I think holders will see above $40,000 before the end of this year so that those that invested when the price was low last year will use the opportunity to release their Bitcoin to make a good profits. I don't think, the price of Bitcoin will decrease more than $27,000 before the bullish season will appear for investors to smile again with massive profits.

[adaseb]

Still nobody knows exactly why Bitcoin and Ethereum pumped yesterday.

Was it the Ethereum etf launch? Which was a big flop with no volume.

Was it Honda accepting Bitcoin to buy their vehicles? Most likely not.

Was it the bond yields rising to new highs and the inverse yield starting to reinverse pretty much and signaling a recession.

Maybe Bitcoin pumped because it looks like the treasury markets are about to take a huge dump.

[Minor Miner]

Still nobody knows exactly why Bitcoin and Ethereum pumped yesterday.

Was it the Ethereum etf launch? Which was a big flop with no volume.

Was it Honda accepting Bitcoin to buy their vehicles? Most likely not.

Was it the bond yields rising to new highs and the inverse yield starting to reinverse pretty much and signaling a recession.

Maybe Bitcoin pumped because it looks like the treasury markets are about to take a huge dump.

Sometimes there doesn't need to be a reason for bitcoin to increase in price. We had a pretty dismal September and everyone expected a better October because based on historical data, October has always been a good month for bitcoin. So there is no good reason, most likely people are Fomo because of that thinking or someone is intentionally manipulating the market. In a report I read today, there was a large amount of bitcoin sold when bitcoin reached $28k and $27.5k, so I think someone is manipulating to take profits.

[FinneysTrueVision]

After starting the month off with a nice pump, I feel October will be bullish for Bitcoin. After remaining stable for so long anything above $30k seems overly optimistic. $28k and above seems very reasonable. The U.S. avoiding a government shutdown should have a positive impact on investor confidence. Bitcoin whales are continuing to accumulate so I anticipate upward momentum as we head towards the halving.

[_Hiloveua_]

I think Bitcoin will have a good time this month. Because as the month of October falls, we can see that Bitcoin is pumping well. But if you look at the prediction of Bitcoin, it is understood that it is standing at $27k. Expect to break out of $30k in October. I am currently investing some amount in Bitcoin. So I'm waiting for the bullrun.The price of Bitcoin will rise more in the upcoming bullrun than the last bullrun because there is a Bitcoin halving in April 2024.

[LogitechMouse]

This is the yearly performance of Bitcoin for the Month of October.

The point is that, in those 13 years, 9 of them have positive percentage return for Bitcoin (blue green), so I expect that we might see the same this year. Base on history, October has been a good month, so I guess there's a high chance that we might see Bitcoin's price go higher than it was in the previous 2 months. I'm always optimistic whenever we are in the final 3 months of the year, so I expect that Bitcoin's price in the next 3 months will go high. We might see Bitcoin's price go higher than $30,000 TBH. I believe the Halloween effect, and the Christmas season will have an effect towards the price of it, but as for this month, I expect Bitcoin's price to reach $30,000 for the first time in the last few months.

[LittleBitFunny]

After starting the month off with a nice pump, I feel October will be bullish for Bitcoin. After remaining stable for so long anything above $30k seems overly optimistic. $28k and above seems very reasonable. The U.S. avoiding a government shutdown should have a positive impact on investor confidence. Bitcoin whales are continuing to accumulate so I anticipate upward momentum as we head towards the halving.

You mean the news about the US government not shutting down in recent days has had a positive impact on bitcoin prices? Honestly, I don't see any connection between the two and no one cares. Moreover, have you ever witnessed a US government shutdown or is it just news and always approved at the last minute? It's just a farce and people are so used to it.

Many people are also trying to find the reason why bitcoin price increased yesterday. But in my opinion, that is just the evolution of the market as we have been decreasing and moving sideways for many months. Bitcoin price increases are normal in the market.

[michellee]

I don't know whether the price of Bitcoin will increase in October, remain at the current price range or go lower or higher, or it could even drop drastically. Moreover, we are still in early October so anything can still happen. We can only predict and guess where the Bitcoin price will move but we need to know the truth.

But if you look at Bitcoin's movement yesterday which reached 28k, it seems like a sign of an increase in the near future. But we still have to be prepared for everything that could happen. Maybe something will happen this October.

But we all want Bitcoin prices to be bullish and to break $30k this month. Hopefully, that really happens so we can breathe easier and be more enthusiastic in waiting for the next high price increase.

[Vispilio]

Most of the altcoins were hurt in September, BTC was very stable and finished a traditionally bearish month about 10% higher.

From here onwards, the outlook is very strong for Bitcoin till about 1 year after halving, barring any political bans and aggressive litigations, I expect the rally to continue throughout October and sustain till end of the year...

[GeorgeJohn]

October those not matter tye determination of bitcoin price, the thing is that since last month bitcoin has been fluctuating from one point to another point in which I believe that bitcoin at point is be expected to have more of green candles, but base on the chart of bitcoin I believe that their is every tendency that bitcoin will have more dominance in teem of increment and decrement, currently the chart the movement of the candle sticks is showing a little positive to indicate that bitcoin is gaining small green, but from my perspective I wasn't expecting any positive in bitcoin marketcap currently until 2024.

[retreat]

My prediction is that Bitcoin price will break from $30K and it will stay like that until November. It seems that we will be in a sideways position for quite a while until the end of the year before the halving starts and that's where Bitcoin will start to be aggressive.

[Mpamaegbu]

Even those self acclaimed trade experts who predicted bearishness for Bitcoin are making a U-turn and tipping the bull to take over. Months ago, I maintained that the last quarters of this year will be bullish (we're yet to see the real bullishness, though). What informed my opinion is the fact that the last quarters of the year leading to Bitcoin halving is always filled with optimism. It's this optimism that kicks up the greed index. That's what we're about to witness now. However, if price doesn't push up immediately from here, I won't panic. I know it's momentary price correction because the overall trend for Bitcoin going forward is bullishness till 2025. That's my bias, anyway. It's not a financial advice.

[Ndabagi01]

This is another hopeful month for most bitcoin enthusiasts that bitcoin will remain bullish throughout the month, even if a correction occurs, it will be brief, and the bullish trend will continue. As we approach the end of the year, and also the year when the halving will occur, many will anticipate that bitcoin will rise gradually before a major bull run. I believe that a bull run is on the way, but given how the market has performed this year, a price above $30K by the end of this month is unlikely. If the price of Bitcoin remains in the $27K-$29K region until the end of October, I believe there will be a price increase in the next month, which will have a more bullish market than the previous month.

[taufik123]

My prediction is that Bitcoin price will break from $30K and it will stay like that until November. It seems that we will be in a sideways position for quite a while until the end of the year before the halving starts and that's where Bitcoin will start to be aggressive.

It could even be more than $30k or could reach $40k if the market is in good shape and supported by positive fundamentals.
We will wait for the point where Bitcoin can break the $30k resistance and sideway above that price.

Bitcoin is currently entering Q4, which is the last quarter of 2023.
the crypto market is filled with speculations and predictions, with the main focus on Bitcoin price.

Throughout 2023 Bitcoin has made history.
The year started with bullish momentum that saw the major crypto jump more than 91 percent from its opening price of US$16,541 to US$31,804 in July.

Whether this year will be a sustained bullish momentum for Bitcoin so that it can touch the $40k price by the end of the year
and will be a new foothold to reach higher prices in 2024.

[sheenshane]

Bitcoin is currently entering Q4, which is the last quarter of 2023.
the crypto market is filled with speculations and predictions, with the main focus on Bitcoin price.

I tend to agree, there are a lot of predictions right now.  Just recently researched the Bitcoin price predictions and seems all of them have different results upon speculating the market.

Usually, at the end of Q4 Bitcoin price will always have a spike which I think will happen again.
But I don't know if this October will even reach the $30k price which I think will happen in November and continue climbing up until Q4 ends.

[justdimin]

There's nothing much to say except that BTC really was due for a green candle for September.    It wasn't really a huge candle, just a tad below 4% but prolly be good enough to start something that could gain momentum for October.  Hence the the poll...  Adding a 30k option to the upside.    I mean who knows...

Anyway, here's the monthly chart.  Looking decent, looking like a higher low...  Dunno.

Considering the situation that is increasing lately, that should be very important. Sure it has gone down for the time being and under 28k right now but I think it is going to end up with something that would be helpful for the time being. That means that we are going to reach 30k+ because we are at early stages of the market when you think about it. We are very very early of the October, not even a week is gone and we are going to make a profit this way.

We should consider it something that we could profit if we are careful about it. I understand that the best thing we could do right now would be 25+ more days to left and that is going to be a lot better. I get that it is going to be much higher, and 30k+ is definitely possible when you think about it, so we could definitely see it go up a lot more tis month.

[tokeweed]

Every year, the month of October seems to be a "green candle" month for bitcoin, with skyrocketing prices. Calculating the rise in bitcoin's price from 2013 through 2022 reveals that October has historically seen a significant price increases. So, October this year won't be an exception to that known fact of price increase of bitcoin

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 → ?? %

Before the month is over, I'm hoping that the price of bitcoin will surpass $30,000.

But it could also mean that it's due for a red candle.  Lolol.  Kidding.  

I mean yeah...  Higher odds that it's going to end higher ar the end of the month.  It kinda faltered a bit when it was sold down from 28.5k or so but we're still a long way off from the end of the month.  There's a lot of time to recover the lost ground and gain the momenum back and get it above 30k...  At least that's what I'm hoping will happen.

Anyway, FJ has this price prediction game for BTC called DeMates.  It's free to play.

https://fortunejack.com/promotions/DeMates

[taufik123]

I tend to agree, there are a lot of predictions right now.  Just recently researched the Bitcoin price predictions and seems all of them have different results upon speculating the market.

Usually, at the end of Q4 Bitcoin price will always have a spike which I think will happen again.
But I don't know if this October will even reach the $30k price which I think will happen in November and continue climbing up until Q4 ends.

Speculating is free and the way one analyzes is different.
Although there are differences in price predictions, all of them lead to bullishness that can eventually reach ATH.
I can say the average trader predicts the ATH price of bitcoin above $100k and that will be the most awaited price point.

October is also called Uptober and notes that the expected Bitcoin rally will soon be fueled by ETF approval and bullish sentiment in preparation for the upcoming Bitcoin halving in 2024.

[Nrcewker]

We've had enough red this past year that it is time for seeing some green candles now. Although we don't yet have the momentum but the potential is still there. Not to mention that every day when the market manipulators fail to push the price down despite their dumps, is a day where the buy support gets stronger

This year disappointed us a bit. September was average, not good nor bad, it was decent for many crypto traders. But now as we are moving towards 2024, so many people will start buying the coin. This will lead to increase in demand and hence the price will definitely go up. So yes we might expect that from late October onwards the price will go up till the December. Let’s see what October shows us.