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

[taufik123]

-snip-
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.

Bitcoin holders who buy at a lower price will certainly be quite calm when a crash occurs like what happened yesterday,
but holders who buy at the ATH price will be quite panicked when a crash occurs, especially if they don't have the spare money to buy back.

And for those who play Futures, there will be no returns, they will be liquidated and yes this is a manipulation that makes huge losses for many.

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.

Only less than $4k to reach $130k and this is indeed planned, people will only wait for $130k to take profits,
but market manipulators will not let the price reach the price of $130k and just pump it up to $126k where people will not be aware of a crash will happen at that price.

This becomes a big collapse and certainly makes a lot of losses, and they as manipulators will get a huge profit.
Retail traders are only extorted and confiscated for liquidation.

[Cyber_warrior]

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

We all saw the dump which happened last week, most of us never expected the dump, it came as a shock to most people. Before the dump happened, I was thinking bitcoin price has stabilized, and what I was expecting from bitcoin was upward movement, I never expected bitcoin price to drop which leads to lots of people losing money, lots of people in future trading got liquidated, I saw a thread which mentioned that someone committed suicide after the dump which is really a sad one.

Bitcoin price bounced back a little bit, and bitcoin price is currently at $110k, I feel bitcoin price is getting stable at that price, and what we should expect next should be a upward movement, actually that’s just base on my observation, because nobody knows what’s going to happen next, bitcoin can decide to take any direction. So right now any direction that bitcoin takes, we should be prepared for that.

[traderethereum]

It is difficult to know that. We can only prepare for anything that may happen. But in the second week this month, the price gets corrected and makes the price go down deeper without our notice. The drop is happening fast and makes people panic and save themselves. But this month is not over yet and we have half month to see another movement in the crypto market. So we can hope that everything will be better soon and make a profit like before.

[shinratensei_]

I honestly think it depends on the tariff against china and the interest cut. The big players are still waiting for a meaningful news to make a move, as of now the price is just retesting support at 108k for many times, there's definitely potential that the support could be broken eventually.
If good news come up, price will rebound hard, if there's no good news at all. Price could definitely go down. I wouldn't be too haste right now, waiting is better than getting liquidated on my trades.

[crwth]

With all the members here that have replied, no one really knows for sure. Even the recent dump has made everyone lose their portfolios, and it feels like a manipulation. I'm really limiting myself in trading due to the current situation, mainly because it is hard to go with the flow. Unexpected movements, especially the big ones, are definitely taking a hit.

I do hope that it's going to be Uptober, and it could be a revenge for the recent dumps that we had.

PS. Your month OP "octuber" feels like a YouTuber creating their own month lol. 

[Danica22]

I honestly think it depends on the tariff against china and the interest cut. The big players are still waiting for a meaningful news to make a move, as of now the price is just retesting support at 108k for many times, there's definitely potential that the support could be broken eventually.
If good news come up, price will rebound hard, if there's no good news at all. Price could definitely go down. I wouldn't be too haste right now, waiting is better than getting liquidated on my trades.

The market is subject to political and economic factors, which are unfortunately beyond our control. So it's hard to know what will happen next.

Yes, the market's next move will be entirely determined by the outcome of the tariff war and interest rate news later this month. So, when things are still unclear, it is best for us to wait and observe rather than make uncertain predictions and pay the price.

[letteredhub]

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.

Only less than $4k to reach $130k and this is indeed planned, people will only wait for $130k to take profits,
but market manipulators will not let the price reach the price of $130k and just pump it up to $126k where people will not be aware of a crash will happen at that price.

This becomes a big collapse and certainly makes a lot of losses, and they as manipulators will get a huge profit.
Retail traders are only extorted and confiscated for liquidation.

With the growing adoption of bitcoin from different sectors and the government not excluded it now makes the market manipulations more disturbing as fundamental factors have now being an easy route in distorting market trends for the benefit of some upper class. However, it's certain bitcoin price might rise to the $130k ATH before we close down this year, this is a good time to buy more bitcoin for them that has the funds in this dip.

[Awaklara]

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

Earlier this month, we actually saw a good increase in Bitcoin prices. I am sure traders are also excited about the market conditions at the beginning of this month. It's just that there will always be unexpected situations beyond predictions.
We have already seen some declines, but I do not expect a deeper drop to occur this month. However, let's try to wait until the end of this month; maybe we can see a good movement in Bitcoin.

[SmartGold01]

To be realistic the way the market is moving now it shows strong weaknesses as it's not possible to be that bullished with the rest of the days in October, but however, anything is possible since this is crypto and any new can likely influenced the market to hit on different prices but before that we must recover from this downward and gain back the previous price before we could think of creating a newer ATH if possible.

[Cookdata]

I honestly think it depends on the tariff against china and the interest cut. The big players are still waiting for a meaningful news to make a move, as of now the price is just retesting support at 108k for many times, there's definitely potential that the support could be broken eventually.
If good news come up, price will rebound hard, if there's no good news at all. Price could definitely go down. I wouldn't be too haste right now, waiting is better than getting liquidated on my trades.

If I may ask, if not that this market is manipulated, what exactly are we getting from this tarrifs that are not even related to Bitcoin. The last tariff fight he had with some countries months back, where exactly is the result now. There is nothing to show, just an old man seeking validation and domination for power through threat, he want submission of power to his hands, he thinks everything is all about America, perhaps he forgot there are alternatives.

With this kind of behavior, other countries are learning, they will start to shift there market away from US and focus on other countries. If you keep pushing and pushing, any smart person among that cycle will look for alternative so you don't get to push him the next time again, they will back out and by the time you push them next, they will not be there to react because they have already moved to the next available safe place, one day this is going to happen to United States and this their threats and hunger over power.

[freedomgo]

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

With what is happening in the market, I want to say that this month is more on dumps and price correction, but reality tells us that none of us is capable to predict accurately what will be the future of bitcoin for this month. Bitcoin can surprise us anytime and instantly reach a new all time high, that’s something that we can’t witness from other coins except bitcoin, since it continue to amaze us with its volatility feature.

However, whether October will come up bearish or bullish, for me that’s normal for any volatile coin like bitcoin. The most important question is, if it will be highly profitable when year end comes? Especially that we need more funds to celebrate the season.

[Kelvinid]

It is difficult to know that. We can only prepare for anything that may happen. But in the second week this month, the price gets corrected and makes the price go down deeper without our notice. The drop is happening fast and makes people panic and save themselves. But this month is not over yet and we have half month to see another movement in the crypto market. So we can hope that everything will be better soon and make a profit like before.

There are actually months where most of the days price corrections and price dumps are visible, but we still end up getting surprised at the end of the month when we start seeing bitcoin price getting hyped again and even reaches another peak. This is actually what bitcoin is, that we think it’s almost a negative price but still end up having a very bullish and positive price.

So I won’t be surprised if this month will create a lot of twist first, but only to end up with a good price. Bitcoin’s volatility is really an asset, not something that we should be worried of.

[Pandorak]

I think there will be more surprises now or in the coming weeks/months, and in this context, i would say that this is bad news. One of the main figures, of course, is someone who often has a significant impact on the market with his controversial policies, namely Donald Trump. If we look more closely, Trump has brought us into a bear market phase more quickly.

Personally, i also see that compared to the previous cycle, the current situation feels much more difficult to predict. This requires us to be more adaptive, smarter in analysing the situation, and not rely entirely on short term predictions. Focus on things that can be controlled. If you want to invest in Bitcoin, focus on the long term, do not think about seeking quick profits (trading). The current situation does not support this. If you are reckless, you will only get two things: first, large-scale losses. Second, your stress levels will increase, which can affect your health. Therefore, it is important to think critically about everything before executing it.

[taufik123]

With the growing adoption of bitcoin from different sectors and the government not excluded it now makes the market manipulations more disturbing as fundamental factors have now being an easy route in distorting market trends for the benefit of some upper class. However, it's certain bitcoin price might rise to the $130k ATH before we close down this year, this is a good time to buy more bitcoin for them that has the funds in this dip.

Now that the trend has really changed, Analysis will sometimes be useless because of a lot of manipulation done.
Governments that have great influence such as the US and China make the market completely unpredictable.

Unlike the early days of Bitcoin appearing or below in 2021, all trends occur alternately and continue to repeat and with the rapid growth of Crypto.

Now it is only necessary to see how government policy, regulations, rate hikes, the Fed about interest rate cuts and more.
There is no need to learn too hard to trade, buy at the base price when there are rumors and sell when FOMO occurs and continues to be done.

Never go against the tide when Whales, institutions and governments move, just follow them and we will be safe.

[el kaka22]

I do hope that there will be some bullish period here, I think that would be great. However, we can't be certain about it and it's going to end up with being some problems. If we can ignore all of this, and just focus on the long term, then overall it doesn't really matter because if you can put a stop loss then you can prevent any downside to it and keep holding and if it does drop, then you can start your DCA and get more that way anyways and then sell at the long term when it goes back up one day.

Even if we peaked this year, even if it doesn't go up again, you can just DCA all the way to 50k and then keep hold of it and then in a few years it will go up. I think it will be about 2029 that we will see another rise, so you will have to do DCA for a few years.

[michellee]

I don't expect there to be more dumping coming in the rest of this month. But if that really happens, we can't do anything except just accept it and do what we can.

If we are afraid to enter the market, it is better that we save our capital temporarily until the situation is back to normal. It is not good if you still force yourself to enter the market when you can't predict what will happen.

People will make many speculations but they don't know the truth so we can just wait and see while we prepare ourselves. But if you want to enter the market, you need to be careful and take the profit while you can and leave it.

If you can do that, you can accumulate more profit and will not affect the market.