How I see Bitcoin at the moment

[EarnOnVictor]

The buying and selling of Bitcoin has never been so hidden, it only depends on how you can read your chart. Today, I decided to share the prevailing market conditions with you guys using the daily chart. I hope it helps!

The trendline has been so helpful to easily detect selling around $117,300, $113,400, and now around $110,200 (which is still valid till now). I see no changes in the current bearish pattern if the market didn't break above the prevailing trendline resistance level at $110,590. A break of that level may try to push the market higher towards around $113,940.

However, the failure to break above $110,590, and with a much bearish pattern and pressure below the level, will hit the "quadruple bottom" level that saved the bearish trend in August/September at $107,370. A break below that level may make Bitcoin hit $100,000 or lower. The MACD and Stochastic Oscillator support the bearish view.

[Oshosondy]

It is like you have spoken what I am thinking. I just which next month will be uptober instead of downtober. Bitcoin is failing to enter $100000 and which is not a good signal at all. I think the market will remain sluggish until Monday and we are going to see what will happen.

But there might be a support at $108000. Another support at $105000/$106000. If both are breached, bitcoin is going down below $100000.

This is just a speculation, I may be wrong.

[Churchillvv]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

[EarnOnVictor]

It is like you have spoken what I am thinking. I just which next month will be uptober instead of downtober. Bitcoin is failing to enter $100000 and which is not a good signal at all. I think the market will remain sluggish until Monday and we are going to see what will happen.
This is just a speculation, I may be wrong.

We are all speculating, so it mustn't always be right, but still, your outlook is not so different from mine and this has been evident with the market chart. And of course, this weekend is expected to be calm and my speculation would last for at least a week depending on the level being broken by the market.

I see more pressure for Bitcoin going forward, for it has created more mess than appraisal recently. Even the September candle is bearish. A little retracement is not written off in the beginning of the week, but if it couldn't sustain a significant breakout, then Bitcoin will fall. All serious focus should be at $107,370 or around it, as I explained above. It's always devasting on the comeback if the level is finally broken.

[shinratensei_]

It just broke through and currently facing resistance at $112k but I think it's gonna be piece of cake since pullback isn't really there so we can agree that sentiment shifted and it become bullish again.
Good thing I already accumulated both BTC and ETH especially ETH since it wicked so hard.

Probably we'll be seeing $114k soon. Hopefully a new all time high is on the horizon so that the holders will be happy again .

[EarnOnVictor]

It just broke through and currently facing resistance at $112k but I think it's gonna be piece of cake since pullback isn't really there so we can agree that sentiment shifted and it become bullish again.
Good thing I already accumulated both BTC and ETH especially ETH since it wicked so hard. Probably we'll be seeing $114k soon. Hopefully a new all time high is on the horizon so that the holders will be happy again .

Oh, lovely, I'm happy you took note of the levels spelt out above. They are again proven to be helpful guide for those who are lucky to use them. You can see what Bitcoin did after breaking the bullish determining trendline resistance level at $110,590, it jumped up so quickly as expected. The oversold condition of the stochastic oscillator hinted this during the week (as circled in the image above), which has been helpful to relax the seller for the buyers to take over, at least for now.

Now, as it has breached $110,590, with bullish price action on the daily chart, I hope it hits $113,940 before we can further conclude on what next the market would do.

[STT]

Just to upset and confuse, keep you all dizzy the BTC price action is breaking upwards through all the moving averages it had just failed.   Regained the weekly, monthly and 50 day average now.
  What counts more is holding that amount of momentum till  weekly bar close at least and also I will continue to argue we do have to get the 50 day average to be a positive move higher or else selling is normal while doubts continue by some.

Last trend line of this sort I drew was April lows and it only lasted till the next month as it was so aggressive.  The story overall has been sideways drift or range bound at least, movement contained by previously seen pricing.  Truely I dont think BTC is too negative or positive, it throws off that label quite soon after.

[God Of Thunder]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

While the majority expect an uprise in the next year, some people say 2026 will put us into a bearish market. The four-year cycle is now becoming unpredictable. We are in a bull market without an altseason. The altcoins have been dumping as fuck while Bitcoin passed 120K multiple times and stayed over 120K for a long time. Many altcoin investors are now stuck with their investments. I personally am waiting for the alt season, which is unlikely to happen in this cycle.

So you are not alone who is in confusion at this moment. I have actually already spent half of my Bitcoin investment elsewhere. Probably, I will give up on altcoins too if nothing changes in the next few months. I will wait till mid-2026 for an altcoin season.

[Bitcoin_people]

We have seen the market rise steadily from $109,000 and currently it is in a good position. I can see that the market is currently quite cold where it is at $114,000, this change in the market gives us some indication that the market may have the potential to rise higher in the coming days.
If the market could not break $109,000 and it continued to move downwards, then of course the market would have had the potential to fall further. Since it is currently moving from a downwards direction to a higher direction, in that case, seeing such a cold environment in the market, it is understood that the market may enter the highs very soon, I think.

[EarnOnVictor]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

We are in a bull market without an altseason.

No, bro, altcoin season happened somewhere around 2024, but many of us didn't pay much attention, thinking it would be like before. How can it be like before when thousands of new coins/tokens are flooding the crypto space in a short time, and all of them are yearning for liquidity? Things have changed in the crypto space!

Just to upset and confuse, keep you all dizzy the BTC price action is breaking upwards through all the moving averages it had just failed.   Regained the weekly, monthly and 50 day average now.
  What counts more is holding that amount of momentum till  weekly bar close at least and also I will continue to argue we do have to get the 50 day average to be a positive move higher or else selling is normal while doubts continue by some.

I don't see it that way. The daily chart could work so well if you know how to use it, and even the 50, 100, or 200MAs could confuse you, regardless of the timeframe, as the market might have a false breakout in them, then return lower. This is not to discredit them, but to widen one's scope rather than believing they are all. I'm sure that getting to know what the market would do before hitting the MAs or before the weekly chart closes is a better approach. What is happening now proves that right.

[ANSEL_2.0]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

While the majority expect an uprise in the next year, some people say 2026 will put us into a bearish market. The four-year cycle is now becoming unpredictable. We are in a bull market without an altseason. The altcoins have been dumping as fuck while Bitcoin passed 120K multiple times and stayed over 120K for a long time. Many altcoin investors are now stuck with their investments. I personally am waiting for the alt season, which is unlikely to happen in this cycle.

So you are not alone who is in confusion at this moment. I have actually already spent half of my Bitcoin investment elsewhere. Probably, I will give up on altcoins too if nothing changes in the next few months. I will wait till mid-2026 for an altcoin season.

It seems you are good with chart reading, if I am correct you should know that altcoin season have always look like it will never happen, same as 2021 and 2017, even before 100k Bitcoin it felt impossible and that is why many people still believe that Trump getting elected was why Bitcoin made it this far, either true or false I don't care but one thing is certain, altcoin season has always been hopeless at first, it seems people forget things too fast, I have good past memories, 2020 sucked so bad that it felt like the world was coming to an end, but I don't want to argue, altcoin season might not happen this time like you said, and for the fact that you said this is why I believe it will happen, we need more people to feel like it is the end though.

[Dunamisx]

We can consider the end of the month being more influenced by some of these determining factors that drives the market and renders it more volatile, from your explanation, to I see that currently, the market is showing the two sides of bullish and bearish pattern and we have to see if the end/start of October is going to maintain either of these, while am still more convinced to expect more bullish henceforth.

[Churchillvv]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

While the majority expect an uprise in the next year, some people say 2026 will put us into a bearish market. The four-year cycle is now becoming unpredictable. We are in a bull market without an altseason. The altcoins have been dumping as fuck while Bitcoin passed 120K multiple times and stayed over 120K for a long time. Many altcoin investors are now stuck with their investments. I personally am waiting for the alt season, which is unlikely to happen in this cycle.

So you are not alone who is in confusion at this moment. I have actually already spent half of my Bitcoin investment elsewhere. Probably, I will give up on altcoins too if nothing changes in the next few months. I will wait till mid-2026 for an altcoin season.

I personally think that the altcoins season that we know may not happen anymore for some reason that it probably might have been shifters and bitcoin will reach a new ath without an altcoin season happening basically the only hope I had for altcoin season to happen again was because trump said something like “This is trump crypto season” if am correct but I can’t remember exactly that will only be the hope that we can still have something in the rest of 2025 but if doesn’t that will really hurt a lot including you.

[Barrykbest]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

I get the optimism, but price doesn’t rise just because it’s been down or because we’re in October, Watch key levels like $110k and $107k,  a real breakout with volume is what confirms trend changes. Altcoin season isn’t guaranteed either; Bitcoin can rally without alts. Better to manage risk than rely on hopes.
My opinion.

[EarnOnVictor]

We can consider the end of the month being more influenced by some of these determining factors that drives the market and renders it more volatile, from your explanation, to I see that currently, the market is showing the two sides of bullish and bearish pattern and we have to see if the end/start of October is going to maintain either of these, while am still more convinced to expect more bullish henceforth.

You are getting the whole gist wrong. First, it doesn't matter what the time of the month it is, the market could go either way, which is why a viable analysis is needed for proper guidance regardless of the time of the day, week or month.

Second, in my usual way, except the market is emphatically determined on a particular trend, I publish based on conditions, rather than the sentiment. In this post as well, it's the same thing, where I pinpointed the important levels in the market. It's now left to the market to decide by breaking either of them and satisfying a condition.

And this time, it decided to follow the bullish path/condition.

[God Of Thunder]

It seems you are good with chart reading, if I am correct you should know that altcoin season have always look like it will never happen, same as 2021 and 2017, even before 100k Bitcoin it felt impossible and that is why many people still believe that Trump getting elected was why Bitcoin made it this far, either true or false I don't care but one thing is certain, altcoin season has always been hopeless at first, it seems people forget things too fast, I have good past memories, 2020 sucked so bad that it felt like the world was coming to an end, but I don't want to argue, altcoin season might not happen this time like you said, and for the fact that you said this is why I believe it will happen, we need more people to feel like it is the end though.

No, I don't think I am good at reading the chart. I cannot predict the market most of the time, which is why I made some losses in trading. Since then, I no longer trade to trade. I am just sharing my opinion based on what I have heard so far from the internet and the BitcoinTalk community. As for altseason, I think many of us have been waiting for it. Since the crypto market has not followed the previous pattern many times this year, I cannot say with certainty that it will follow the same pattern this time. So, I don't want to be overconfident about the alt season. I made some huge mistake by trading some altcoins and I think I won't repeat it again in the future.

[yhiaali3]

This is my highest level of confusion, I have speculated upity for bitcoin for October but it seems I was wrong all the time, this time I don’t even know what to expect yet I still believe that we are not going all bearish in this time , we have less than 3 months to go for the end for the year so bitcoin could still do something different from what majority is saying online.

Why the confusion? Your prediction about Bitcoin's price rising in October seems correct. So I don't think you were wrong.

Bitcoin is now rising to $116,500 on October 1. I don't know how much higher it will go, but this is a good sign at the beginning of the month, and I'm optimistic that October will likely be a bullish month.

[el kaka22]

I do not think that charts could help in this case. Normally they may but not in this one. Because during bull runs, bitcoin price exceeds expectations and we are going to end up seeing it be a lot better and should not be worried about just what the chart says, because chart can know the direction, but not the amount.

I agree that if we can break above 120k, which we will, then it is going to keep rising more until end of this year. If we can do that then we are going to see 150k+ and this way maybe a potential 130k in October. This is why I have hopes about it, and I believe that we are going to see bitcoin be a lot better. We just need to give it some time so we can close this month in green.

[Die_empty]

Why the confusion? Your prediction about Bitcoin's price rising in October seems correct. So I don't think you were wrong.

Bitcoin is now rising to $116,500 on October 1. I don't know how much higher it will go, but this is a good sign at the beginning of the month, and I'm optimistic that October will likely be a bullish month.

Bitcoin has gained above $3k (current price of 117,381), and this is surprising since most predictions I saw were opposite. My prediction is that the price might get to $120,000 and might drop to the support of $113,000 and $112,600 later in the month. The involvement of institutional investors has made prediction very complicated. Hopefully, I expect that Bitcoin will hit another ATH before the bull is over. 

[bangjoe]

Why the confusion? Your prediction about Bitcoin's price rising in October seems correct. So I don't think you were wrong.

Bitcoin is now rising to $116,500 on October 1. I don't know how much higher it will go, but this is a good sign at the beginning of the month, and I'm optimistic that October will likely be a bullish month.

Bitcoin has gained above $3k (current price of 117,381), and this is surprising since most predictions I saw were opposite. My prediction is that the price might get to $120,000 and might drop to the support of $113,000 and $112,600 later in the month. The involvement of institutional investors has made prediction very complicated. Hopefully, I expect that Bitcoin will hit another ATH before the bull is over. 

No, $ 112K is the latest limit for an increase in Sekaeang in my opinion, at least if we touch again at $ 120k then we will stand above $ 115k again to determine the support according to the need to form a stronger support in that area because we really need a closer foothold to form a new ATH, maybe we are two or 3 weeks of sidways above $ 115k and under $ 120k. IMO

If we return to the price of $ 112K it will be very difficult to get up and the bullish momentum is likely to fade again and the market becomes quite confused or gray.