BTC Sentiment Poll for October

[fzkto]

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.

It's your assumptions that people will start buying and there will be high demand for bitcoin. Yes, halving has always had a positive effect on bitcoin, but we don't know how it will be in the future. About September, it turned out to be green despite expectations. I hope October will be green too, as it was in previous years.

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[KingsDen]

After Bitcoin rose by a good percentage at the beginning of October and the presence of optimistic historical data this month, we can say that at least we will test $30,000 and $31,704 twice, and this optimism is accompanied by some technical analysis indicators such as the Relative Strength Index (RSI) to 70 level. The problem lies if its price breaks these levels, it may invalidate the bullish candle, especially if we continue to close below 26,700 for several days.

Bitcoin price was due for 30k last month but September wasn't the best of could be, so nothing special really happened. I can say that the upward trend was merely delayed and pushed to this month as there seems to be a great sign of improvement in price this October. The bitcoin price has touched 28k twice and the next effort may likely push to 30k.
In as much as bitcoin has stayed in this price region for so long, I think buying continuously wouldn't be a bad plan. Bitcoin is still very much on discount price for now.

[jasonjm]

In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

[Falconer]

In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

So far I don't expect $30k to be broken, but I believe the resistance will be tested if bitcoin is able to maintain the price of $28k as strong support. In fact, after $28k broke several times during the first week, we still find that the price is still difficult to hold for much longer. High selling pressure makes $28k difficult to defend, but I still believe that in the second week $28k will likely be good support.

A market recovery will clearly be sorely missed regardless of how much time it takes. $30k is certainly the strongest resistance at the moment, but it will be well tested if selling pressure is not higher than demand. I'm still very bullish for bitcoin this October, but not for break $30k.

[Jating]

In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

I think the consolidation around the $27k price is just a week or two. So it's not that we are in this price range for a long time. But it seems that October will remain a good month for us, at least if we look at past historical logs this is the case and hopefully the pattern will stay like that. But I do agree that crossing $30k is very difficult. Hopefully at least the target range will be $28k at the end of October and then we can maintain on that price range. So that at least in the next two months, it will be a battle whether we can finally break $30k for this year or maybe top the highest high this 2023 at $31,500. And then somewhat entering the halving with good positive momentum that might result to a rally and the eventual bull run in the second quarter of next year.

[STT]

Seems more likely to test 26k near term and until it does that we should not expect higher.   At present its in a lull between moving averages but I think neither can contain the BTC price action instead 26k seems more likely support test then whats happened the last two days which is the 50 day moving average was the low.   Since thats only an indicator not actual volume by itself I presume we do move past to find a better foot hold for any future move upwards.

[philipma1957]

30k by halloween 🎃 it is in the cards.

[OgNasty]

I voted sideways below $28K. I think we’re in an accumulation period and may see some dips along the way. The time to accumulate at the bottom is nearing an end though. I think by January the market will be in a clear uptrend that likely won’t end until we hit a peak above the previous all time high. Be a buyer now and for the next several months…

[EFS]

I voted for sideways between 25k and 28k but I'm okay with it going over 30k by the end of the month. I just don't see it. I don't think we've entered the rising period yet, there is still some time. There is general uncertainty in the market due to the latest war. I can't be optimistic in a situation like that. The only thing that raises a question mark in my mind is Bitcoin's rise in every October. I'm not sure if this will happen again.

[Jating]

Seems more likely to test 26k near term and until it does that we should not expect higher.   At present its in a lull between moving averages but I think neither can contain the BTC price action instead 26k seems more likely support test then whats happened the last two days which is the 50 day moving average was the low.   Since thats only an indicator not actual volume by itself I presume we do move past to find a better foot hold for any future move upwards.

We have tested $26k again, although we are in the highest high of that price, and obviously with this, seems to be the price is going to be on a sideways patterns as majority has expected it to be this month. We want more price action, but the volume is very little again, and after that $27k++ rally and we thought that it's going to be sustained, the price goes down again.

So we will see, another two weeks but I will go with the sideways, Maybe around $26800 could be highest price that we will get this month.

I wouldn't mind $30k'ish, but it's not a guaranteed so it's better to setup a realistic expectations.

[tokeweed]

30k by halloween 🎃 it is in the cards.

Hah!  Hope so tbh.  Always good to see some long green candles at the chart.  Hope it props up a lot of the alts too and make it a party.  

So ok...  I think we're seeing a bit of change in sentiment as the guys who voted for 28k and above and 30k and above seems to be getting quiet as of late.  And we're starting to see a couple of 'sideways from 25k to 28k' guys coming out of the wood work.

Anyway, I'll be locking the poll in a couple of days so if you guys want to vote, do it now.

Edit:  And again trying playing DeMates at FJ!

https://fortunejack.com/promotions/DeMates

[lombok]

I did a $25K breakdown vote. I chose this based on recent events that have occurred in the world. FTX case, War, Energy and food crisis in several European countries. Plus BTC is still not able to penetrate the 30K area. Meanwhile, because the situation in several countries was still heating up due to war, many countries and banks began to invest their funds in gold. Gold is still the favorite and could possibly disrupt BTC/Crypto's cap. Coupled with oil which might be monopolized by oil producing countries due to the war needs of their trading alliance countries, there could be more money flowing there than to BTC. This is just my bad opinion, but I still believe there will be a massive price increase soon before the halving and after the halving.

[NewRanger]

I did a $25K breakdown vote. I chose this based on recent events that have occurred in the world. FTX case, War, Energy and food crisis in several European countries. Plus BTC is still not able to penetrate the 30K area. Meanwhile, because the situation in several countries was still heating up due to war, many countries and banks began to invest their funds in gold. Gold is still the favorite and could possibly disrupt BTC/Crypto's cap. Coupled with oil which might be monopolized by oil producing countries due to the war needs of their trading alliance countries, there could be more money flowing there than to BTC. This is just my bad opinion, but I still believe there will be a massive price increase soon before the halving and after the halving.

It is true, the global economic situation has been affected by issues of war, energy and food crises in several places and especially skyrocketing oil and gold prices amidst the ongoing conflict in the Middle East. but in my opinion it doesn't really matter if BTC wants to rise, in fact some time ago Bitcoin skyrocketed past the USD 31,000 mark even though in the near future it only fell a few percent from its current lows and now BTC is starting to slowly rise at a price of $27,940

[armanda90]

Have been second week of October, Bitcoin price still stable but have good progress up today after dropping to $26k and current price almost raised to $28k, its seems close will end of October bitcoin can break out until $30k or still difficult and get correction back drop to $26k. Left under 200 days before halving not significant of bitcoin price up and seems stable exactly this October not promising with bitcoin will raise up to higher price.

It is true, the global economic situation has been affected by issues of war, energy and food crises in several places and especially skyrocketing oil and gold prices amidst the ongoing conflict in the Middle East. but in my opinion it doesn't really matter if BTC wants to rise, in fact some time ago Bitcoin skyrocketed past the USD 31,000 mark even though in the near future it only fell a few percent from its current lows and now BTC is starting to slowly rise at a price of $27,940

Usually with war issues have positive side with opening donation using cryptocurrency exactly with Bitcoin, I hope have positive effect learned when first time Ukraine get invasion by Russia and they are opening donation trough cryptocurrency and make price up few percent.

[Bitcoin_people]

The price of Bitcoin was not very bullish in September and the price of Bitcoin was fluctuating between $26000. But then we thought that maybe we can see a rise in the price of Bitcoin towards the end of September but it didn't happen instead the price of Bitcoin came down to $25000. But at the beginning of October, the Bitcoin candles started to be affected and it was a good change and the price of Bitcoin increased. As Bitcoin price touched $28000 in a few days in October, I think Bitcoin price is likely to increase further towards the end of this month. And most likely by the end of October, the Bitcoin market will go well and the candles will turn green, so the price of Bitcoin is expected to touch $30,000.

[posi]

The price of Bitcoin was not very bullish in September and the price of Bitcoin was fluctuating between $26000. But then we thought that maybe we can see a rise in the price of Bitcoin towards the end of September but it didn't happen instead the price of Bitcoin came down to $25000. But at the beginning of October, the Bitcoin candles started to be affected and it was a good change and the price of Bitcoin increased. As Bitcoin price touched $28000 in a few days in October, I think Bitcoin price is likely to increase further towards the end of this month. And most likely by the end of October, the Bitcoin market will go well and the candles will turn green, so the price of Bitcoin is expected to touch $30,000.

Many people became pessimistic when they did not see any positive movement in bitcoin price after more than half of October had passed. But I am still optimistic about my prediction, bitcoin will have positive movements this month and the target of $30k is achievable. But I don't think bitcoin will hit $30k and go up from there, there will be many corrections until the halving happens. I mean, I'm just optimistic about October and November and then there will be corrections in bitcoin, we're not completely out of bear season yet.

[stadus]

Surpassing $30k is possible by the end of this month. It's still early, with 14 days remaining, and you know how quickly the bulls can change the market, sometimes in less than a day – it has happened before. It seems like the bullish sentiment is already here, so why not aim for a higher price? After all, $30k has been achieved many times before.

I'm actually expecting even more, but probably in the following months to come, especially in December, the holiday season. During this time, people love to buy and follow the hype of the bulls, if you know what I'm saying.

[GeorgeJohn]

Let say based on the increase in the price of bitcoin starting from this month of October till date, I have not seen anything like news that will triggers the price of bitcoin to get increased.

From my perspective of  bitcoin price I selected that before end of this month the price of bitcoin will be approximately on twenty eight thousand, because the price is cycling within twenty seven thousand and twenty thousand and when looking at the month of October it's remaining just a few weeks to run off.

Basically the price of bitcoin is not measurable or been stagnant so it may even been that the price of bitcoin can skyrocket above that particular price in the poll more than what we expected.

[tokeweed]

I did a $25K breakdown vote. I chose this based on recent events that have occurred in the world. FTX case, War, Energy and food crisis in several European countries. Plus BTC is still not able to penetrate the 30K area. Meanwhile, because the situation in several countries was still heating up due to war, many countries and banks began to invest their funds in gold. Gold is still the favorite and could possibly disrupt BTC/Crypto's cap. Coupled with oil which might be monopolized by oil producing countries due to the war needs of their trading alliance countries, there could be more money flowing there than to BTC. This is just my bad opinion, but I still believe there will be a massive price increase soon before the halving and after the halving.

Oh there you are.    I was wondering who it was...  Thanks for the honest sentiment.  That's a breath of fresh air in these parts.  

Anyway, I just locked the poll as per tradition in my sentiment threads to lock the poll at the middle of the month to know the real sentiment and not just for people to vote as to how the price is doing at the end of the month.

And we're having a nice move rn but it seems like it's hitting resistance stopping just a tad below 28k.  But let's see how it goes this week.

[lombok]

It is true, the global economic situation has been affected by issues of war, energy and food crises in several places and especially skyrocketing oil and gold prices amidst the ongoing conflict in the Middle East. but in my opinion it doesn't really matter if BTC wants to rise, in fact some time ago Bitcoin skyrocketed past the USD 31,000 mark even though in the near future it only fell a few percent from its current lows and now BTC is starting to slowly rise at a price of $27,940

Usually with war issues have positive side with opening donation using cryptocurrency exactly with Bitcoin, I hope have positive effect learned when first time Ukraine get invasion by Russia and they are opening donation trough cryptocurrency and make price up few percent.

Yes, usually this will happen. Maybe it's not much, but if the donations are so massive it could help BTC break through resistance. And sure enough we just experienced a price flip up to the $28k area today. I have not found any news that there will be donations in the form of BTC for war areas from the Palestinian or Israeli side, but I have the view that the price increase this time could be caused by the liquidity of gold, perhaps. Last week's session, gold experienced a sharp increase and today gold experienced a decline, is this the reason BTC rose?

I did a $25K breakdown vote. I chose this based on recent events that have occurred in the world. FTX case, War, Energy and food crisis in several European countries. Plus BTC is still not able to penetrate the 30K area. Meanwhile, because the situation in several countries was still heating up due to war, many countries and banks began to invest their funds in gold. Gold is still the favorite and could possibly disrupt BTC/Crypto's cap. Coupled with oil which might be monopolized by oil producing countries due to the war needs of their trading alliance countries, there could be more money flowing there than to BTC. This is just my bad opinion, but I still believe there will be a massive price increase soon before the halving and after the halving.

Oh there you are.    I was wondering who it was...  Thanks for the honest sentiment.  That's a breath of fresh air in these parts. 

Anyway, I just locked the poll as per tradition in my sentiment threads to lock the poll at the middle of the month to know the real sentiment and not just for people to vote as to how the price is doing at the end of the month.

And we're having a nice move rn but it seems like it's hitting resistance stopping just a tad below 28k.  But let's see how it goes this week.

Cheers for the merit. I appreciate that. It is natural that there is price volatility at times like this, there will be many factors that influence it. Sensitive news related to the war on BTC in particular will have a big impact. Donations, one of which, as mentioned by @armanda90, can be a strong driver of breaking through resistance, but we can't guarantee that either, because donations collected in crypto, even if they have been distributed, are unlikely to be kept forever. it will definitely be melted down and used, this can also cause prices to rise and fall quickly. As long as BTC is still below ma200 we are still in the bearish area, a break above $30K-$33K will give hope to the $40K area.