Can we expact something bullish in this octuber month or more dumping is coming?

[Perfectbaby]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

There are every tendency that the month is would always prove to positive in any moment, although most people has already felt so disappointed due to the sudden dump but to me I didn't see this as threat because the market would always recover at any given time.. currently it has crossed the level of 114k to around 115k although it has already drop below this price swinging between 114k to 115k.

[Ziskinberg]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

Everything we have are just speculations, since none of us here clearly knows what will be in store for bitcoin this whole month of October. However, as per my observation, I don’t think there will be more dumps to come, but maybe just a small correction and eventually, the price will recover again after a couple of days. And to think that we are in the last quarter of the year, then I bet that there will be more bullish price than the bearish ones, until we get to see a new all time high again before the end of this year.

[Sally9256]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

In the past October has had a good history but also it is a volatile month in which the market go up and also experience a dip but generally it's mostly a month of profit.

The experience that happened few days ago cost a lot of investors and traders their money that's why people are now doubtful of how Bitcoin will perform. No one can predict what will happen throughout the month but the price already went down so much so what worse could happen again? No matter how it ends up Bitcoin will still rise again and regain it's value and we could probably see a new ATH.

[Sanitough]

Whatever it is, I’m sure bitcoin will continue to thrive. So whether it’s bullish or bearish, since none of us can guarantee about the future events for bitcoin, then the best solution is to prepare for it and embrace whatever the next position of bitcoin. After all, both offers opportunity to buy and hold bitcoin, most especially if it turns to be bearish, so let’s not make it complicated or bothersome for us, but just remain patient and calm while waiting for the next price movement of bitcoin.

[slaman29]

From a technical analysis (TA) perspective, this big sell-off hasn't actually broken the overall upward trend for BTC yet.

Fundamentally, however, everything now hinges on China. The key question is whether Beijing will agree to trade negotiations before the November 1st deadline. Last I heard, the Chinese are reportedly willing to make an exception for some companies regarding the rare earth metal restrictions, which is what prompted Trump to threaten those 100% tariffs in the first place

Correct. Also see that a lot of these liquidations are suspicious in nature. Like they always are. So much going on to point to moneymaking rather than loss of confidence in BTC.

But, yes, at the same time, we head again to Tariff land and in 2 weeks, trust that the tariff decisions will be beneficial for BTC. China is not going to war they are reminding that they can go to war.

[Lida93]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

No one had it in mind about this abrupt dump, not in this October even if we were expecting that the time for a market dump could be approaching but that was for next year. However, I wouldn't describe this dump as a market correction after the $26k ATH because what triggered this dump was some sort of artificial manipulation using the 100% tariff threat on China in the economic war was just timely. The market is however recovering from the dump and it's almost looking like we could still end October in green should there no more news causing economic tensions.

[Uruhara]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

At the beginning of October, everything seemed very bullish. But suddenly, the Bitcoin price dropped sharply, and the market hype began to fade. But fortunately, based on the current fear and greed indicators, we are still in a neutral position, which means that people are a little afraid to enter and are a little hesitant to enter and are probably waiting for the right moment to enter.


Sourch: https://coinmarketcap.com/id/charts/fear-and-greed-index/

Since Bitcoin started off strong in October, I don't think it's a big deal to see a red line in the middle. It's likely that Bitcoin will rebound and turn green by the end of October. Most importantly, the support at $102,000 remains intact.

[UchihaSarada]

At the beginning of October, everything seemed very bullish. But suddenly, the Bitcoin price dropped sharply, and the market hype began to fade. But fortunately, based on the current fear and greed indicators, we are still in a neutral position, which means that people are a little afraid to enter and are a little hesitant to enter and are probably waiting for the right moment to enter.

October is a good month, and it is a good preparation for November that is a very good month in Bitcoin market history in both mean and median. You can see in the table, historically November is a best month in mean and a third best month in median.

If you have bitcoin, hold it, if you want to buy more bitcoin, do it before a very best month for Bitcoin market in this year. If you don't plan to hold your bitcoin for years, you must consider your exit in last two months of this year.

[Abu-Naim]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

This crypto market is unpredictable, we have never seen a stable market throughout this year, and if you check the condition of the market after this dump it is still not stable, we were expecting all coins to recover from the dump but some of them are going back again which is not normal; therefore, expect anything from this market. Make sure you trade with caution and apply risk management.

[SOKO-DEKE]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

The fact is that nobody can really say what will happen because October has not ended. We started well in the first weeks of October, where Bitcoin and many altcoins experienced new all-time highs. So, anything is very possible in the world of cryptocurrency, and that is why it’s always said that crypto is unpredictable.

It’s best to always prepare for the worst in the crypto industry. This recent market fall really surprised almost everyone — nobody was expecting it, especially considering how people described this October. October is always recognized as a bullish month in crypto.so now that we are experiencing a market dump, that shouldn't be the reason we make the wrong decisions.

[taufik123]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

The fact is that nobody can really say what will happen because October has not ended. We started well in the first weeks of October, where Bitcoin and many altcoins experienced new all-time highs. So, anything is very possible in the world of cryptocurrency, and that is why it’s always said that crypto is unpredictable.
-snip-

Crypto really didn't live up to the predictions, the ATH hike in October made everyone happy and considered October to be a very bullish month, with BTC ATH to $126k.

But then in just an instant the price of Bitcoin crashed to $102k in just a few minutes and this made the state of the crypto market very bad,
Even the previous ATH that made everyone happy suddenly turned out to lose all their profits, including their liquidated initial capital.

However, crypto cannot be fully predicted, and many market manipulations are carried out through Fundamentals and various policies that worsen the state of crypto.

But if you're still holding on to Bitcoin and still holding it, it's still a great hope to recover and if you have money in reserve, buying it back at a cheaper price is the best decision right now.
The importance of having Fiat reserves in these conditions, as it provides an opportunity to make more profits by taking advantage of the instant crash and rebound moments that occur.

[passwordnow]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

I guess that the market itself has answered your question if we're going to be Uptober or if it's going to be with dumping more often. The answer is either, we see some pumps and then we see some crashes. From time to time, it's still giving that idea that the market is highly volatile and we need to always be vigilant if we've got some positions or plans of cashing out for some things that we want to have. Plan your sale, watch out the market closely because with the seconds that are passing by it might be your plan being fulfilled or devastated.

[MRY]

Is there more dumping coming is octuber month?some traders were calling this month uptuber  but this month did a reverse phycology with us.

The fact is that nobody can really say what will happen because October has not ended. We started well in the first weeks of October, where Bitcoin and many altcoins experienced new all-time highs. So, anything is very possible in the world of cryptocurrency, and that is why it’s always said that crypto is unpredictable.
-snip-

Crypto really didn't live up to the predictions, the ATH hike in October made everyone happy and considered October to be a very bullish month, with BTC ATH to $126k.

But then in just an instant the price of Bitcoin crashed to $102k in just a few minutes and this made the state of the crypto market very bad,
Even the previous ATH that made everyone happy suddenly turned out to lose all their profits, including their liquidated initial capital.

However, crypto cannot be fully predicted, and many market manipulations are carried out through Fundamentals and various policies that worsen the state of crypto.

But if you're still holding on to Bitcoin and still holding it, it's still a great hope to recover and if you have money in reserve, buying it back at a cheaper price is the best decision right now.
The importance of having Fiat reserves in these conditions, as it provides an opportunity to make more profits by taking advantage of the instant crash and rebound moments that occur.

This volatility inherent in crypto when the market experiences rage ATHs and the next day suffers savage corrections that eliminate gains is common in hype and manipulated markets. The volatility is commonly driven by the basic policies, which only supports the fact that these markets are not necessarily driven by sheer logic.

To the holders of Bitcoin who will not panic and will retain it, then the asset will still have high prospects of recuperating and rising higher than it was before. Fiat money that is not committed is a strong tool financially, to allow the strategic buybacks at prices that are at rock bottom. This fiat liquidity will be important in terms of getting discounts on prices and earn as much profit as possible when the market levels off.

[bettercrypto]

No one can say with 100% certainty what will happen this month of October in terms of Bitcoin's price. There could be a rally, and at the same time, a dumping of their price,
not just for Bitcoin but, of course, for the other top altcoins in the market as well.

This is nothing new to us because the market is unpredictable, just like what happened recently when there was a massive dump in Bitcoin's price value
due to the tariff war that Trump often utilizes for this matter.

[letteredhub]

Crypto really didn't live up to the predictions, the ATH hike in October made everyone happy and considered October to be a very bullish month, with BTC ATH to $126k.

But then in just an instant the price of Bitcoin crashed to $102k in just a few minutes and this made the state of the crypto market very bad,
Even the previous ATH that made everyone happy suddenly turned out to lose all their profits, including their liquidated initial capital.
....

It were all speculations from the start of October and none of those was anywhere of a certainty that bitcoin was going to reach $130k before the month end. And what really set in motion many of the optimistic speculations for a $130k bitcoin ATH this October was due to how the month has usually being green in other times, and with the $126 k ATH already met the percentage to reaching $130k was just not looking impossible actually. But we all got the biggest shock of the year instead, a price fall from market manipulations. It's a reminder of how we shouldn't be too rigid with our predictions and expectations but should also make room to accommodate the unexpected.

[justdimin]

It were all speculations from the start of October and none of those was anywhere of a certainty that bitcoin was going to reach $130k before the month end. And what really set in motion many of the optimistic speculations for a $130k bitcoin ATH this October was due to how the month has usually being green in other times, and with the $126 k ATH already met the percentage to reaching $130k was just not looking impossible actually. But we all got the biggest shock of the year instead, a price fall from market manipulations. It's a reminder of how we shouldn't be too rigid with our predictions and expectations but should also make room to accommodate the unexpected.

To be fair, it was expected to have a correction when the price goes up that much. I know that a lot of people didn't expected it, but veterans already knew that when there is a huge increase like that, you should be able to expect a big drop in the price anyways.

This isn't really that complicated, we should be able to actually make some money from it. Don't look at this market as something that does only one direction at a time, it can go anyway at any direction, so we shouldn't be shocked about it. This will not be all that complicated or weird, we should be focusing on how to get better results. However, if we are not careful about it then we are not going to see this being a big deal at all, it's normal at the moment.

[Agbam]

I think this dump took everyone by surprise, even seasoned professional traders were liquidated, it’s one of the reasons guys should go for investing in bitcoin for long term instead of trading. Yeah October was going up and I think we’re still gonna pump. Trump took everyone by surprise and the tone he was going put the panic in people but now I think he’s tone has changed. China and US are big economic players and so their influence on the market is huge a tariff war isn’t good but since they’re now talking on a soft tone we might pump. But until a good agreement is reached we can’t know for sure.

[letteredhub]

....

To be fair, it was expected to have a correction when the price goes up that much. I know that a lot of people didn't expected it, but veterans already knew that when there is a huge increase like that, you should be able to expect a big drop in the price anyways.

This isn't really that complicated, we should be able to actually make some money from it. Don't look at this market as something that does only one direction at a time, it can go anyway at any direction, so we shouldn't be shocked about it. This will not be all that complicated or weird, we should be focusing on how to get better results. However, if we are not careful about it then we are not going to see this being a big deal at all, it's normal at the moment.

Although yes a correction was kind of expected from the $126k ATH and it was within the $120k-118k range where a strong support supposedly was captured was where many traders expectations were hinting on at least, and as a result many trades were set with a high leverage in waiting for a pullback within that support range.

Of course, for those that have being around the market for years it wouldn't seem complicated to them having witnessed this dump because it isn't the first time despite it being said to be one with the highest liquidation in the crypto market history. Again , there's was no how some traders didn't make profits with this price movement because as at the moment there could have being those with a different perspective about the market movement which ultimately went in their favour.

[Gaza13]

At the beginning of October, everything seemed very bullish. But suddenly, the Bitcoin price dropped sharply, and the market hype began to fade. But fortunately, based on the current fear and greed indicators, we are still in a neutral position, which means that people are a little afraid to enter and are a little hesitant to enter and are probably waiting for the right moment to enter.

October is a good month, and it is a good preparation for November that is a very good month in Bitcoin market history in both mean and median. You can see in the table, historically November is a best month in mean and a third best month in median.

If you have bitcoin, hold it, if you want to buy more bitcoin, do it before a very best month for Bitcoin market in this year. If you don't plan to hold your bitcoin for years, you must consider your exit in last two months of this year.

Indeed, October is often considered a positive month in the Bitcoin market cycle, based on historical data, and many expect that trend to continue. Yes, it seems we need to be a little patient in this regard. Hopefully, there will be good news in the future, such as central bank policies or other news. Sometimes this can significantly impact Bitcoin's price, either positively. This is what makes this market so dynamic and unpredictable.

Yes, everyone has their own perspective and strategy when it comes to investing, whether it's accumulating or enjoying the results. If I were in that position, it would come back to whether my target met my expectations. If not, I wouldn't sell. As an accumulator, I don't care what price I bought it at, and I believe that if we held it for much longer than before, the price will soar much higher than before.

[shinratensei_]

I think this dump took everyone by surprise, even seasoned professional traders were liquidated, it’s one of the reasons guys should go for investing in bitcoin for long term instead of trading. Yeah October was going up and I think we’re still gonna pump. Trump took everyone by surprise and the tone he was going put the panic in people but now I think he’s tone has changed. China and US are big economic players and so their influence on the market is huge a tariff war isn’t good but since they’re now talking on a soft tone we might pump. But until a good agreement is reached we can’t know for sure.

The problem is the dump for some of altcoin reached more than 95% that even 1x leveraged position can get liquidated and yes some exchange put liquidation price way ahead of where it should be.
There's basically no way you can escape this massive dump even if you already managed the leverage to as low as possible. I don't even think the dump was because of tariff. We've got many news about tariff to china, market should be used to it already.