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Author Topic: Will October be the start of the green months to bull run peak?  (Read 1298 times)
JamesDaniel90 (OP)
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August 29, 2024, 12:12:24 PM
 #1

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today

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August 29, 2024, 12:36:42 PM
 #2

Last quarter has been historically the best quarter for Bitcoin in terms of returns, but as we always say, past performance doesn't guarantee future results.

A different thing is that, because many people believe that cycles repeat, it may become a self-fulfilling prophecy. It has nothing to do with TA, but with psychology and investor sentiment.

I am one of those who believe that we will see a surge in price past the previous ATH before the end of the year, and a bullish progression in general next year (maybe before a trend reversal by the end of 2025). But this is pure speculation.

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August 29, 2024, 02:00:43 PM
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 #3

No one can say sure things about future. We only can base on evidence, history and speculate what will happen if history repeats itself.


About Bitcoin monthly returns, you can see it on Cryptorank.io

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August 29, 2024, 02:01:14 PM
 #4

Perhaps it could be and at the same time it could not be. I would have love to agree that September may not be too nice or greenish at all but I wouldn't be so sure even though you have similar evidence that shows it. I also saw someone else predict almost the same thing that September would be bearish and then after then we will begin to see the greenish moves of bitcoin, all this has been getting to want to be convinced that it might be true...

Since historically charts repeats itself I think we will probably have the best times of bitcoin in 2024 around this last quarters of the year, so maybe September is probably a month to buy as much as we can.
JamesDaniel90 (OP)
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August 29, 2024, 02:28:38 PM
 #5

Perhaps it could be and at the same time it could not be. I would have love to agree that September may not be too nice or greenish at all but I wouldn't be so sure even though you have similar evidence that shows it. I also saw someone else predict almost the same thing that September would be bearish and then after then we will begin to see the greenish moves of bitcoin, all this has been getting to want to be convinced that it might be true...

Since historically charts repeats itself I think we will probably have the best times of bitcoin in 2024 around this last quarters of the year, so maybe September is probably a month to buy as much as we can.

I have said to myself September will be a bad month as I believe Q4 will be much better so cant expect September to be good too - if it is then great but i'm expecting a bad month.

By bad month I don't mean a massive crash down to like $45k but I do think it could go back down to around $50k one last time and that is when I will make my last buys and then just hold till Bitcoin reaches new all time high which should hopefully be around November time.
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August 29, 2024, 03:06:42 PM
 #6

October is always a bullish month as per past history but anything is possible in crypto space, my bullish expectation hasn't exceed when inflation rate cut to the downside and Trump win the election.

I've made a lot of gains from Bitcoin investment but my altcoin portfolio is looking very bad, I will be happy to see Bitcoin dominance start decreasing, I believe this will be the signal that a final alt season is getting started.

A perfect time to start taking profits and getting out of the way, but if Bitcoin breaksout alt season can be delayed till Q3 of 2025.

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August 29, 2024, 03:12:39 PM
 #7

Will October be the start of the green months to bull run peak?
The problem now lies with you, that's logical thinking, in terms of what you dive into the world of crypto or what activities you do in the crypto market, that's the main point to determine for you a bull run or a bear market, for some investors the current situation is the best phenomenon for them.
The reason:
In the past few days the price of Bitcoin stood at $57,890. And today it is at $60,941. Logically, if you bought 5btc at that time, now you would have pocketed a profit of $15,255, isn't that a real and big profit, Why is the phenomenon heading towards a bull run, now you can relax and enjoy the profits.
This is done using Spot or futures investment, a different story with the Futures and Margin method.

So how do you do this time for Bitcoin, so it must require a bull run goal, capital is the key to success, be curious.

R


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August 29, 2024, 03:15:31 PM
 #8


Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

This will be my first bull run experience too and I'm really looking forward to seeing Bitcoin price skyrocketing and giving me massive ROI on my capital. I hope that the bull run should start in October, but there's no guarantee that the patterns of the last circles will repeat this time. From my research of the previous halving, ATH used to happen after it but we say ATH price before the last halving, meaning that it didn't follow the previous historical patterns. So I won't be surprised if bull run doesn't start in October, although I wish it would, but the fact remains that we can only speculate what ought to be but we're not sure if it'll happen the way we predicted it to be.











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August 29, 2024, 04:28:35 PM
 #9

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today



October has been historically good for bitcoin and that's the reason why many say it "Uptober".
Although that sounds cool but it doesn't necessarily mean it's always gonna be like that.
The possibility for bitcoin price to spike up is good though as it has been almost 5 months now since we have seen a really good pump in BTC price.
Let's just hope that Uptober really kicks in this time too so that we can be in good shape again.

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August 29, 2024, 08:47:47 PM
 #10



If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.


The one thing that I have used to analyze bitcoin price as of recent is the sentiment towards it by investors. First off this is history which doesn’t repeats it self always and we saw that when the bitcoin price broke an it’s all time high right before the halving period which clear defies the historical trend or price of bitcoin so I wouldn’t be so surprised if history fails to repeat itself yet again. Although it doesn’t goes as plan as I said, right now the only way to predict the market will be using the historical data. The third quart of the year has lived to its history of been a bearish period with only September left to complete it and I want to think it will happen.

The fourth quarter this year though will be having the IS election in between, although I don’t want to believe that it will have its impact on bitcoin but it results will surely have its impact on the people’s sentiments which is what determines the price of bitcoin. So even the fourth quarter could go against the historical trend too











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August 29, 2024, 09:24:13 PM
 #11

Bitcoin repeats the history, but that doesn't mean it has to repeat in the same month. The price growth is related to many things and that's how Bitcoin reacts actually. If we can see some good news in October, then probably we can see a green candle, otherwise, we may see red. For example, if Trump win, then we may see a significant green candle, it doesn't matter what's the month. I am just trying to express that it doesn't matter which month is running but we just need some solid adaptation and positive news to see a green candle. Otherwise, Bitcoin is unpredictable always. 

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August 29, 2024, 09:34:32 PM
 #12

.
The fourth quarter this year though will be having the IS election in between, although I don’t want to believe that it will have its impact on bitcoin but it results will surely have its impact on the people’s sentiments which is what determines the price of bitcoin. So even the fourth quarter could go against the historical trend too
The USA election is one window of speculations from investors about the future of bitcoin price as it's believed that the outcome of the election will drastically influence the performance of bitcoin either doing some tops or going south. I have this suspicion that there are big bags waiting behind to be pulled into the market should the right guy for the position wins at the poll and I need not to mention a nomenclature for any çrypto enthusiast to who's that right guy.

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August 29, 2024, 09:44:11 PM
 #13

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

This period is the time many speculators have predicted bitcoin to be on a bull stage. It is still not certain if it’s yet to happen because they may also be wrong. After going through past happenings in the market, it is still enough to conclude that October will be the start of green candles. The market had some changes in this cycle and maybe this is what is affecting the whole performance of it and making it very difficult for even the speculators to predict an exact value or time bitcoin will reach at some points.

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August 29, 2024, 11:56:59 PM
 #14

I dont think it has to be time based, when the push downwards fails in a big way you will find the buyers come in at that point and also less confidence in the sellers leads to a large gain overall.    That gain has to break 70k properly not dive over the line but sprint and carry on, previous attempts have been too exhausted and then reversed slipping us back to almost Feb prices though its held well overall.


Todays high prices were about the monthly average and the lows were the same closing prices we had for the last couple days, so not anything much beyond neutral.  If October were neutral in the same way theres no good reason it will start anything.  

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August 30, 2024, 12:22:50 AM
Last edit: August 30, 2024, 12:42:07 AM by PX-Z
 #15

No one can say sure things about future. We only can base on evidence, history and speculate what will happen if history repeats itself.
....
Nice illustration, the month of October were always good indication of increase, it could be a nice test to stack this September ready for the next month, well, only if history repeat itself. But regardless, this range  of prices is still better than any other year, unless it drops below $35k IMO.

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August 30, 2024, 01:25:06 AM
 #16

Maybe, I mean this make a lot of sense, good recovery after some dump that has occured a month before, the sole reason why october could have that much green is because price already heavily corrected at september.
this could be a good indicator that september gonna be a good price for buying the dips and october is the time we need to take profit.

although history probably won't repeat itself but the data is good enough that maybe making such decision is logical. I guess I will start my long position in september then.
but seeing current condition, price already corrected, the resistance at $61.3k and big pullback after hitting that resistance might be a proof that this september BTC might retouch sub $58k, we'll see.


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August 30, 2024, 07:32:15 AM
 #17

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

Yes we can expect the same thing to happen in this bull cycle because Bitcoin does not have new patterns in every bull market but it follow previous pattern and this is because it is traders that are setting the trends and traders depend on past pattern to trade therefore regardless of how the market is behaving, it still follow previous patterns in a way. September might just belike august that there is no direction of how Bitcoin is moving but from October leading to November, we might start seeing more clearer directions of how the market is going to move because there's going to be an election in November and that is the US election that has the interest of every one including Bitcoin investors and institutional investors too. During this time Bitcoin price has always received more attentions.

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August 30, 2024, 09:42:39 AM
 #18

The only thing we can do is rely on the past and hope it will happen again, we can do nothing but hope and wait.

Every year the political situation as well as the economic situation is very different so I will look at more macro factors instead of just focusing on what happened in the past and hoping it will repeat exactly to the last detail.

I think the whole world, especially the world financial sector, is looking forward to the Fed's interest rate cut and the US election results. Whether we like it or not, they are the country that has the strongest impact on us, so market trends will depend on them. Especially the election results because each regime will have different policies so it will create different impacts on us.

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August 30, 2024, 12:45:06 PM
 #19


Can we expect this again ?



We can have high expectations for Bitcoin and there is nothing wrong with that, but whether our expectations come true or not is something that no one can be sure of, because a bull run is not something that can be easily predicted by just reading the chart, but it is an event that is quite difficult to happen, even when there is some positive news in the market it has not been able to trigger a bull run. So let's just be realistic and be patient waiting for it to come true.

R


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August 30, 2024, 12:55:20 PM
 #20

I can only say we are already in a bull run once we break the current all-time high.
Although it's nearly 20% from an all-time high of Bitcoin currently.

Breaking an all-time high right now is difficult but for me, it is a good thing that we don't really dump hard and pump hard, more sideways, so it's fine for me, we are just building strong significant support from the current price level.

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