Bitcoin Up Move Incoming

[Dr.Bitcoin_Strange]

I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.

[Sexylizzy2813]

It does look like the price wants to go up. We are having a small spike at the moment, the second in the 5 days so far this month. I think it would be about time to go above $30K and stay above it. The pre-halving months there is usually a rise that looks like it wants to reach the ATH but never reaches it, only to come back down and start a proper bull run after halving. Hopefully this is the start of that first move up.

I don't think is yet time for the price to go above $30k and stay rising as the case maybe, in this month it only went up to $28k ones and now we have it at $27k, I feel the market price is not ready to get to $28k yet like is too early.
And I think $28k upward would be coming let's say next week but as for now $27k would be the price the market would give us. But it still doesn't change the fact that $30k is expected before the end of this month and I feel it might happen on the last week of this month, since the market is some how tricky.

[michellee]

I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.

Let's hope that happens next month. But before that, we must wait for it to come and prepare your Bitcoin if you want to sell it. But if your target price is still high, you don't need to do anything and can still buy more Bitcoin.

I am still waiting for the price to increase. My price target is still far from achieved, so I don't expect too much. Meanwhile, buying more Bitcoin means we have prepared ourselves.

Now, the situation is better than before, where a green candle is coming to the market to increase the price. We will see if the price can break through to $ 28k- $ 29k at the end of this week or jump directly to $30k. But if the price experiences another correction, we can use it as a moment to buy Bitcoin again.

[DanWalker]

I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.

Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.

The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.

[Japinat]

The situation is still uncertain but if the current momentum stays, will get high again back to $30k. Well, I haven't expected the strong support but the chart something shows us the reverse trend of the market after a few months of a declining sentiment. I know this is just speculation but I am positive that we are all in the rising sentiment until the year ends. Well, I guess the accumulation time is over as we are heading to bullish again before halving.

[jaberwock]

We are much ahead of the market, and the Bitcoin market has started to grow. In September we saw the Bitcoin market drop to around $24,000. But from there some amount of pumping moved again between $25,000 and $26,000 where Bitcoin was fluctuating. But when the new month of October begins, we see some change in Bitcoin. The Bitcoin market pumped from $26,000 to $28,000 again at the start of October. Following that we can be sure that the market can cross $31k this month as we will see if the market starts pumping. We can expect that the Bitcoin market will go well this month and we can expect the price of Bitcoin to hit $50,000 before the halving this year.

Not ahead because the price are still minimal or the increase that have occurred lately was only tiny. If it's about us regular people, there is no way for us to be ahead of the market because we don't know what is approaching ahead.

Maybe the ones that are ahead are those big guys because they can use all their money to gain an advantage before the rest of us knows it. October is just starting and even though the sentiment seems positive I think I haven't seen the price to recover at $28k yet but it was only at $27k. How I wish we can break $31k, as it was always the dream of the many and maybe that can continue to at least $50k this year. That is still a nice bump.

[Gozie51]

The situation is still uncertain but if the current momentum stays, will get high again back to $30k. Well, I haven't expected the strong support but the chart something shows us the reverse trend of the market after a few months of a declining sentiment. I know this is just speculation but I am positive that we are all in the rising sentiment until the year ends. Well, I guess the accumulation time is over as we are heading to bullish again before halving.

IMO I don't think nothing stops someone from accumulation through DCA even as it is looking like the price is getting ready for bull. In fact, it is the best time for accumulation at times like  this because it gives quicker return for the short time buyers.

That apart, the sentiment for the price is hanging on bull with the appreciation of last month and the continued steady ride up, the stronger hands have kept hodl and those who are short time investors also hodling in expectation for next year.

[KingsDen]

As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.



Let me know what do you think is about to happen.

Bitcoin movements is not in the upward direction. But what I don't know is how much upward the price will move. The bitcoin price actually consolidated last month and this actually the month of upward movement.
October may likely give us a support at 28k and if we achieve that, further movement upwards is eminent.

This is actually a time to be very close to the chart because big drama can just happen within a short time

[Silberman]

The situation is still uncertain but if the current momentum stays, will get high again back to $30k. Well, I haven't expected the strong support but the chart something shows us the reverse trend of the market after a few months of a declining sentiment. I know this is just speculation but I am positive that we are all in the rising sentiment until the year ends. Well, I guess the accumulation time is over as we are heading to bullish again before halving.

IMO I don't think nothing stops someone from accumulation through DCA even as it is looking like the price is getting ready for bull. In fact, it is the best time for accumulation at times like  this because it gives quicker return for the short time buyers.

That apart, the sentiment for the price is hanging on bull with the appreciation of last month and the continued steady ride up, the stronger hands have kept hodl and those who are short time investors also hodling in expectation for next year.

The DCA strategy can be used at any time, it is just that like any other strategy the greater benefits for a long term holder will come when you buy for the cheapest possible price, and I still think the current prices are a very good entry point for those that want to obtain significant profits during the next bull run, however we are getting to the point in which the time is running out, and the people that want to buy bitcoin needs to start now or they risk buying most of their bitcoin when the upward movement takes place and pay more for their bitcoin than what they could have paid for if they took the decision to buy it earlier.

[WatChe]

Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.

The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.

Halving is the most awaited event at the moment but it will take year or a half before we can see price going up. This speculation is based on last two halvings pattern. But the good thing is we see stable price for few months now and this is very positive sign. There were few dips and price went down to 25k$ but it recovered back well. 30k$ is a strong barrier and is not allowing Bitcoin to go pass. This will be another attempt for Bitcoin to cross 30k$.

[DanWalker]

Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.

The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.

Halving is the most awaited event at the moment but it will take year or a half before we can see price going up. This speculation is based on last two halvings pattern. But the good thing is we see stable price for few months now and this is very positive sign. There were few dips and price went down to 25k$ but it recovered back well. 30k$ is a strong barrier and is not allowing Bitcoin to go pass. This will be another attempt for Bitcoin to cross 30k$.

This is something that many people are ignoring, people are just waiting for the halving to happen but forget one thing: the bull season only comes 1 year after the halving takes place, bitcoin will not increase in price immediately when the halving ends. Therefore, people mistakenly think that the closer we get to halving, the more bitcoin cannot correct or decrease in price and the market will only go up.

Yes, the price is fluctuating around 25k-30k, and many people think it's boring, but actually, the price is stabilizing quite well because there are no major corrections happening. $30k, I believe bitcoin will breakout this month but what happens after that is hard to say. Because as you and I mentioned, bull season will only come 1 year after halving, meaning we are still quite far from bull season and many bad things can still happen.

[Pejoh Asu]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

[doomloop]

The current market action in 7 days can be seen that the graph starting 1 Oct is already above the price that occurred in the last four days of September. Market price movements don't just happen like a magician performing an act in public. Market price movements and declines can occur in different ways depending on how much demand there is.
Developing news is one of the causes of rising and falling prices, but basically rising and falling prices really depend on supply and demand.
The bitcoin market is currently trying to reach the $28k price support. If sales levels are still high, it is difficult to increase.

The market works like a Magic actually because sometimes an event can just happen without us expecting it but I understand that there are also times where the movements are way too slow or it is only stable. I don't really find it as a disadvantage but it was actually great because it doesn't make us feel bored. The " Development " word seems positive so I think only a rise in the price are a cause of it. That's right, price works based on supply and demand, but if the project continues to develop, the demand for it also rises because people are happy about it. We already reached $28k before but don't worry as we can reach it again easily.

[wxxyrqa]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

The future of cryptocurrencies, like any other future, cannot be accurately predicted.  But that doesn’t stop crypto enthusiasts from speculating about where Bitcoin will go.
Large-scale growth must have a serious reason, or better yet several reasons at once, including mass popularity and market euphoria.

[_BlackStar]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

The market is still sideways - so it is always possible for you to make an accumulation effort.
I agree that the current price of bitcoin is still too cheap compared to a few months ago - so take advantage of this momentum to get a lower average cost if you have the budget.

Buy now and hold for the long term - after that you can expect ATH. But on the other hand - if you don't have anything in your account, then I don't know what you are talking about even if there is one truth being said.

[lionheart78]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

The market is still sideways - so it is always possible for you to make an accumulation effort.
I agree that the current price of bitcoin is still too cheap compared to a few months ago - so take advantage of this momentum to get a lower average cost if you have the budget.

Not only compared to a few months ago, also, if we look forward for the bull market kicking in, the current market price will be really too cheap because in the next couple of year we might witness another record breaking ATH.

Buy now and hold for the long term - after that you can expect ATH. But on the other hand - if you don't have anything in your account, then I don't know what you are talking about even if there is one truth being said.

Rightly said, it would be an empty word if one keeps on telling people to accumulate when the person themselves doesn't have any holdings of what he is preaching.

[_BlackStar]

-snip-

Not only compared to a few months ago, also, if we look forward for the bull market kicking in, the current market price will be really too cheap because in the next couple of year we might witness another record breaking ATH.

I compare it to as close a time frame as possible so they understand it correctly. Doubts always exist on the part of those who don't yet fully know how the markets work - but that's not the case for those who already understand the markets and have been in the markets for several previous bullish periods.

We all know that there is good potential for bitcoin in the future, especially in terms of price. Buying it now is the recommended option - but if they don't understand it properly yet, then the best advice is to keep learning it. Good opportunities don't come along all the time - so I really force myself to take advantage of them even in small portions.

-snip-

Rightly said, it would be an empty word if one keeps on telling people to accumulate when the person themselves doesn't have any holdings of what he is preaching.

In another sense - they deceive themselves without getting any return.

[GeorgeJohn]

Based on this chart it letting you know that know that the market of cryptocurrency is something that is going to be promising and it will propagate in time coming but its fluctuating for increment and also on decrement, what I really understand in cryptocurrency and especially bitcoin is that you have to look into the market very well before you conclude basically.

The chart is showing in another way round that bitcoin will increase because the candle sticks is showing more of positive than the negative so therefore their is every tendency that the price of bitcoin will get accelerated quite a little but not in the aspect of having ambiguous kind of bitcoin price, so bitcoin price is what I believe that it will rise unexpectedly in 2024 but showing the signs of increment in 2024.

[Yaunfitda]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

The market is still sideways - so it is always possible for you to make an accumulation effort.
I agree that the current price of bitcoin is still too cheap compared to a few months ago - so take advantage of this momentum to get a lower average cost if you have the budget.

Yes, as we are technically in the bear market still, it's a good chance to accumulate as many as we can. The lowest low in this bear market is about $15,500, and if we compare it the current price, it's almost double. But in the last 6 months, the price seems to be in the sideways. So for me, I buy if I have some budget in this current price and then HODL on it till next year.

Buy now and hold for the long term - after that you can expect ATH. But on the other hand - if you don't have anything in your account, then I don't know what you are talking about even if there is one truth being said.

This is what I'm saying, HODL for the long term. Although the block halving is fast approaching, we can still buy at this price and consider it at a discount. Because once we hit the bull run after the halving, the price couldn't be stop and we will go on another parabolic spike similar to the last bull run we have and then we should be looking at what will be the ATH in the next 2 years.

[_BlackStar]

-snip-

Yes, as we are technically in the bear market still, it's a good chance to accumulate as many as we can. The lowest low in this bear market is about $15,500, and if we compare it the current price, it's almost double. But in the last 6 months, the price seems to be in the sideways. So for me, I buy if I have some budget in this current price and then HODL on it till next year.

I wouldn't say the market is still bearish right now - but the market has recovered since the bottom of $15,500. Sideway is a conclusion I think is more appropriate between $26k - $28k - but I hope we test $30k again this time. Of course you can accumulate as much as you can - but make sure you have enough for everything you need instead of focusing too much on accumulation.

You can sell whenever you want as long as you make a profit - but the main condition is of course that you have those bitcoins in your wallet. Many people say they buy and accumulate - but I'm sure not everything they say can be trusted.

-snip-

This is what I'm saying, HODL for the long term. Although the block halving is fast approaching, we can still buy at this price and consider it at a discount. Because once we hit the bull run after the halving, the price couldn't be stop and we will go on another parabolic spike similar to the last bull run we have and then we should be looking at what will be the ATH in the next 2 years.

Yes - simply hold your bitcoins in a non-custodial wallet, waiting until you actually get your targeted return. We never know when a new ATH will be hit - but until then, prepare your portfolio well. If you have done it - then you seem to be ready for the best consequences.