Bitcoin hits $64K: What will October bring for BTC?

[Lilybasil]

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

[Nrcewker]

This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

[Iranus]

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.

[Hamza2424]

After great mental torture in the first weeks of September and the entire of August finally, there's greenery in the crypto market especially Bitcoin is taking my breath even though I'm pretty sad because my 19th September Bitcoin market prediction went wrong where my prediction was around $59.5k almost for a reward of 50 bucks but I'm happy that market is around $63k haha which is more important.

For October ops sorry Uptober, I'm not certain about anything as there are still some resistance levels that we are testing for a long time for a new ATH. Honestly for one thing which I'm certain is a new good ATH by the end of 2024 it can be in December or October, let's see.

[Ever-young]

I don't consider the recent market move as being on the bull market already, but I will say that the market is trying to retrace all that it has lost in the past few days; some will say it's a market correction. 
 
Bitcoin crossed to $64,300 today and is now back to the $63k level on price protection. We can see more of such price movement in times to come, but we shouldn't say that we are already approaching the bull market, as this is not it.
 
Maybe if we see a constant positive movement in the market, they will lead us to $70k. If we allow it to last there for a long period of time, we could consider it a step toward the bull market.

[adaseb]

This rally is most likely due to the higher than expected rate cuts. Stocks are hitting all time highs and so is Gold. There is also Silver which is trading higher and higher even though it hasn't broken its previous ATH yet. However this is an indication that the market is becoming risk-on because with lower rates people are taking money out of market funds and they are putting it to assets where they will generate more revenue.

The issue with this is that if people start to overbid on houses, cars, watches and what-not then the inflation cycle will repeat and we might get higher inflation numbers than before and Powell will need to hike even higher and higher. And the debt for US is going to accelerate at an even steeper pace. So lets hope he made the right decision to cut by 50 bps.

[rak012]

I think we will watch another movement. You know 29th September can be another significant day for crypto. In this day CZ will be released and it is a good sign specially for BNB. If it happens, then maybe we will watch BTC at near 70k. So October is lucky for traders.

[DeathAngel]

October is historically a strong month for Bitcoin, especially in halving years & one year post halving years. We have all had plenty of time to buy Bitcoin much cheaper than current prices & prepare for the imminent parabola. Sit tight & wait for the good times to roll. I expect October to see us pump higher into the $60,000s & potentially even touch $70,000s. October will set us up nicely for new all time highs in November & December.

[ImThour]

Go check out my previous thread where I mentioned that it's going to be up only from now onwards when Price was at $54k, finally about $10k up from my post in some days, glad to see it working out. October is going to be a great month for Bitcoin and Other Cryptos as the weekly closing is very bullish and same goes for the monthly price chart candle. I hope we cross our local resistance which is at $73k this time.

[Asiska02]

This market move have been off to a lot of corrections and unpredictable instances. I will not term this as bull run yet because it’s yet to break the resistance level of $65K. Even when that has been broken, so many confluences are their to consider before we can finally say a bull run is imminent already. The market have come off to a very good start when we look at the month of September, with just about ten days left to the end of the month, we may see a good movement of the market to the month of October. If we enter the month in an uptrend, we may as well continue in that form and history will repeat itself for October to be a good month for bitcoin from inception.

[coolcoinz]

This is a topic fit for speculation, but if were to guess, I'd say that Bitcoin is gearing up for the end of the year.

If you look for instance at 2013 bull run, bitcoin pumped in Spring, then had a pretty boring Summer and woke up in December to reach a new ATH.
In 2017 it went parabolic in November and December, but these things happen a year after the halving, so it should happen in 2025 if we followed the pattern, but this could be December 2024 - January 2025, right?

I think that we haven't seen a bull run this halving and we will see it. It may be this year, or the next year. I don't think that we'll go to new highs in October or November of this year, rather next year, but bitcoin can go crazy and surprise everyone.

[Ambatman]

To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.

[The Cryptovator]

For a long time, Bitcoin isn't playing well. I have been following free telegram channels that share the latest news and some signals as well. They had been saying we may see a bitcoin pump in October. Though they don't share much reason, it's good to see Bitcoin pumping, however. Another channel says it will pump and dip again before a real growth. It's necessary to out-paper hands before a real movement that could make a new ATH record. So overall, I am bullish on October, at the end of the year, we may see ATH again, I believe.

[AVE5]

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

Did I missed out the $64,000 in the current market run? Because since I visited the coin market cap I've only seen best were the struggled to $63,000+ which is just at today as at the month of September. It's become impressive unlike the month of August.
Indeed the month has f September seems promising but we still can't confidently presume what may become at it's end.

[salad daging]

October $70K and $80K? Who knows because October is that great month that people say it is and so is its history.
This could be called a bullish sign going forward but we never know what happens with a few months left, how high can the bitcoin price go by the end of the year? Probably no closer to $80K.
I don't think this is a frog spike or what people call a trap, this is a pretty good increase, maybe some investors already believe BTC will go up soon.

[Stable090]

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Bitcoin price hitting $64k doesn’t mean we will be expecting a bull run by next month. Don’t be surprised that bitcoin price might end up dropping by next month, so we shouldn’t just be confident that bull run will be starting next month. Anyone investing in bitcoin for a long time can still keep on accumulating their coin, but traders should be kind of careful right now, they should trade with caution because what we're seeing is just a price recovery and not a sign of a bull run. A dump can still happen at any moment, that’s just why we should be careful.

[EL MOHA]

I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.

If you actually read some of the replies on those polls about bitcoin September price you will find out that most people have their predictions base on historical data and one of the key factors that made many to think this month will be bearish month is because the month of September has always been majorly a bearish month so base on that many predicted it to follow the trend. Also the month was welcome with a panic news of recession looming around which added to most investors confluence.

 The month predictions might now be wrong with bitcoin pumping up this is because no prediction is certain it’s all speculations, moreover the Month actually played out its bearish trend role and only started pumping because of the cut of rate by the state’s which increase the interest of many investors to come in and that’s why this pump is going on and I expect it to kick start the bullish trend which I believe will start this last quarter of the year

[Oshosondy]

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

Nobody knows yet. But according to some analyses, it is said that bitcoin must show a strong support at $63000 before people can have more confidence which can make them to invest more on bitcoin. I do not know how true this would be.

According to my own analysis, if bitcoin do not fall below $60000 for a long time, it is possible that the price might increase more. Also if bitcoin do not increase more than $65000 now and not fall below, the price may fall close to $60000 again. If the price fall below $59700, it is possible that will might see more price fall again before the bull run.

About October, we are still 10 days far away, I can not give such prediction now. My prediction is still short term prediction. Sk the long time I referred to above is still winning this month.

[Ultegra134]

To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.

I'm sorry, but can you elaborate on that? Why are you disappointed with Bitcoin? It's currently valued at approximately $64,000, not that far from the last two ATH records; it's not as bad as you make it seem. Personally, I believe Bitcoin's performance is decent, even though it's relatively stable the past few months, usually ranging between $58,000 and $62,000. I don't believe we've been through the bull market phase yet; although I believe it's near and may happen between late 2024 and early 2025, you can't expect the market to be constantly booming.

The current condition seems fine to me; the previous dips in price were also great opportunities as well.

[Z-tight]

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

I think the price will slowly move towards $70k now, if it is able to break that mark in October, then we can expect a strong finish to the end of the year, i don't like to speculate too much about the price of BTC these days, i just fill my bags when there is a dip and forget about the speculations and fud that fly around on the internet. In short, we don't know for sure what the price will be in October, but there is strong believe that the end of this cycle will take the price as high as 6 figures.