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Topic: Bitcoin current range: $25K to $32K (Read 345 times)

legendary
Activity: 3122
Merit: 1492
October 23, 2023, 09:12:37 PM
#61
@dansus021. Do not draw those trendlines because it might appear something similar to a bear flag heheehhe.

In any case, what does everyone speculate? Have we moved on from the stage of disbelief and have begun to enter the stage of hope? We might be, I reckon.

Also, the stage of optimism might being on $40k?

copper member
Activity: 2156
Merit: 983
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October 23, 2023, 08:13:23 PM
#60


Good news comes and boom Bitcoin broke the 32K range since I'm not yet voted then I wonnnnnn this vote  Grin. Next target would be 40K level see you guys on top. But I do believe will be correction after this maybe in a couple of week.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
October 23, 2023, 07:00:02 PM
#59
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.

There is heavy resistance at the 32k level. You are right that as long as BTC stays above the 30k level it will work as a support and the 32k level resistance will become weak. The month of October usually shows bullish sentiment and this time the same things are happening. We are almost at the end of octobar and i think these last few months will remain bullish for the overall crypto market.
bitcoin has broken through 33k level many times not long ago and indeed it keeps getting back to 32k level there are indeed huge resistance but it seems bitcoin just gonna go higher than 32 k in the upcoming days.
I wonder if altcoin will also follow after all there are many altcoins that has increased already.
the market is getting lively again and the market seems interesting many green everywhere just because bitcoin is rising.
i'm expecting that if bitcoin could really reach 40k within months then the altcoin will also rise tremendously unlike before in bearish.
even though we are still fraction of all time high, thats already good enough.

Bitcoin made it to 35000 even at coinbase today. the highest it has been in over a year.
hero member
Activity: 2996
Merit: 536
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October 23, 2023, 06:56:09 PM
#58
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.

There is heavy resistance at the 32k level. You are right that as long as BTC stays above the 30k level it will work as a support and the 32k level resistance will become weak. The month of October usually shows bullish sentiment and this time the same things are happening. We are almost at the end of octobar and i think these last few months will remain bullish for the overall crypto market.
bitcoin has broken through 33k level many times not long ago and indeed it keeps getting back to 32k level there are indeed huge resistance but it seems bitcoin just gonna go higher than 32 k in the upcoming days.
I wonder if altcoin will also follow after all there are many altcoins that has increased already.
the market is getting lively again and the market seems interesting many green everywhere just because bitcoin is rising.
i'm expecting that if bitcoin could really reach 40k within months then the altcoin will also rise tremendously unlike before in bearish.
even though we are still fraction of all time high, thats already good enough.
legendary
Activity: 3052
Merit: 1281
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October 23, 2023, 04:41:35 PM
#57
The halving is expected to be a fundamental one that has an impact on price increases - but I think there will be a bigger impact than just the halving if a spot bitcoin ETF is approved. I'm waiting for that good news - but the focus right now should be on building a great portfolio.

The current news and article content is all about the optimistic sentiment of traders about ETF that fuel the current trend of Bitcoin. As far as I know, there is no major reason for this price increase except for the positive sentiment about ETF being approved.  The recent fake news about ETF approval is indeed a big help in making traders realize that ETF is one big factor that can initiate a bull run.

Positive news or events? Not necessarily needed though since people will now gradually accumulating more bitcoin to prepare themselves for the upcoming bull effect probably after the halving.
People are just rushing things out wanting bitcoin to hit specific level everytime it makes a small progress.
It's better this way, than a sudden huge pump as it may cause some FUD, then people might be selling too early depriving bitcoin to make another run to break another ATH.

People have been accumulating Bitcoin all throughout the years but this current uptrend is said to be the optimism about the positive effect if ETF is approved.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
October 23, 2023, 04:39:01 PM
#56
My vote is early December this year that it will broke out on this current range then will likely cool down until post-halving again. If the ETF will be approved I don't think we can see it all in the chart it will be off chart to see 35k or 40k ranges. I think this current run was because of the pre-approval of the ETF and I'm positive that it is getting approved next year.
sr. member
Activity: 756
Merit: 454
October 23, 2023, 04:24:24 PM
#55
There is no such thing as certainty - the trend could change at any time, but let me tell you that the price movement over the past year has been quite positive. Price volatility will always be present - but the price increase over the last 1 year has been very good. Of course we haven't broken the $32K resistance over the last year, but getting a 60% gain is great.

The price over the past has been positive but you can't compare what happened to this year's movement there must be a change and I believe this year's movement is better than that of last year October.
The price is $31k and nobody have ever said it will get to $31k in this October so with how we're seeing what the market price is feeding us I believe it will surpass $32k. I just can't get it but I still have that feeling of seeing the price getting up to $35-39k before the end of October. Is surprising and I've been asking what's happening that the price is seriously going up?
hero member
Activity: 2716
Merit: 552
October 23, 2023, 04:10:38 PM
#54
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.

Positive news or events? Not necessarily needed though since people will now gradually accumulating more bitcoin to prepare themselves for the upcoming bull effect probably after the halving.
People are just rushing things out wanting bitcoin to hit specific level everytime it makes a small progress.
It's better this way, than a sudden huge pump as it may cause some FUD, then people might be selling too early depriving bitcoin to make another run to break another ATH.
hero member
Activity: 2926
Merit: 722
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October 23, 2023, 03:51:45 PM
#53
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.

There is heavy resistance at the 32k level. You are right that as long as BTC stays above the 30k level it will work as a support and the 32k level resistance will become weak. The month of October usually shows bullish sentiment and this time the same things are happening. We are almost at the end of octobar and i think these last few months will remain bullish for the overall crypto market.
Lots or tons of people had already anticipated considering that they've seen that chart that October is most likely a bullish month and it did really go as planned or anticipated.We've see some significant movement considering that we've been doing sideways and extreme corrections which leads up to that assumptions that this would continue until the end of the year but it seems that it was still that following on that table pattern  on which it is really just that good to look at. If the price would really be holding on 30k price point then it would really be that good to look at with the new support and 32k would really be the next roof that needs to be break so that we could push through 35k which it would be that an another tough resistance to break until we would be able to touch up that 40k but well everything do looks fine or really that follows
on what are those tables been saying about percentage per month whether a green or red.

For those people who had bought that earlier are the ones who do make out such profit in short time, which it isnt really that only limited to Bitcoin but also in other coins as well
which we know that whenever Bitcoin do make out some green move then expect that most coins in the market would really be dragged on just the same on which
this had been a typical behavior that we do have on this space on which it isnt shocking anymore.
hero member
Activity: 1232
Merit: 516
October 23, 2023, 02:14:26 PM
#52
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.

There is heavy resistance at the 32k level. You are right that as long as BTC stays above the 30k level it will work as a support and the 32k level resistance will become weak. The month of October usually shows bullish sentiment and this time the same things are happening. We are almost at the end of octobar and i think these last few months will remain bullish for the overall crypto market.
legendary
Activity: 2100
Merit: 1042
HODL
October 23, 2023, 09:39:13 AM
#51
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.
The resistance will not get weaker on Bitcoin, you can see how Bitcoin's price movement today has almost reached $31K and this is proof that Bitcoin has penetrated the $30K resistance level this month and it is possible that it will continue to do so next month. because I am also hoping that it will not stop at $31K to end the year because there are still two more months for Bitcoin to rise again this year with a foundation of extraordinary resilience.

The same old saying we often say, bitcoin is unpredictable and there is nothing certain with bitcoin, it's all just a prediction and it may or may not happen. Let's not forget that this is not the first time this year that bitcoin surpassed $30k or even $31k, but previous times it could not stay there for too long. Will this time be different, or will it be the same as before? We need time to answer, we have no evidence to be sure whether it will continue to increase or decrease from here. It's better to look long term.
legendary
Activity: 1064
Merit: 1228
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October 23, 2023, 09:38:46 AM
#50
-snip-
It's really interesting to see how the price of Bitcoin has increased over the past few days with the green light in the market. Today the Bitcoin market peaked at $30988 which I think is the highest bumping in the past few months. Certainly the market has started to move upwards in this month of October, Bitcoin market has been increasing the most in this month of October compared to other months. Given this market shift, we can expect Bitcoin to be in the $35k/$40k range by the end of 2023. And if the Bitcoin market continues to grow like this until the end of October, then it will definitely go to $40k dollars, it will not be surprising. Because Bitcoin halving is waiting for us ahead for which Bitcoin market is trending upwards. I think Bitcoin price will touch $60k if the green candle starts burning like this.
There is no such thing as certainty - the trend could change at any time, but let me tell you that the price movement over the past year has been quite positive. Price volatility will always be present - but the price increase over the last 1 year has been very good. Of course we haven't broken the $32K resistance over the last year, but getting a 60% gain is great.



The halving is expected to be a fundamental one that has an impact on price increases - but I think there will be a bigger impact than just the halving if a spot bitcoin ETF is approved. I'm waiting for that good news - but the focus right now should be on building a great portfolio.
sr. member
Activity: 672
Merit: 321
I like to treat everyone as a friend 🔹
October 23, 2023, 06:05:49 AM
#49
Bitcoin price is really getting to a height where we don't need to talk about it going down or say it's just for the time being before it starts going down, at $30,600k I believe it has this pressure of bumping more than the current price. I think the market is on the healthiest side as we head into the closing part of this month of October.
For me the range at this point should be from $35-$40k+ before the end of this year and we shouldn't be surprised if we see BTC price getting to $40k before end of October. The greens we're seeing should let us know that sooner than later it might get to $60k.
It's really interesting to see how the price of Bitcoin has increased over the past few days with the green light in the market. Today the Bitcoin market peaked at $30988 which I think is the highest bumping in the past few months. Certainly the market has started to move upwards in this month of October, Bitcoin market has been increasing the most in this month of October compared to other months. Given this market shift, we can expect Bitcoin to be in the $35k/$40k range by the end of 2023. And if the Bitcoin market continues to grow like this until the end of October, then it will definitely go to $40k dollars, it will not be surprising. Because Bitcoin halving is waiting for us ahead for which Bitcoin market is trending upwards. I think Bitcoin price will touch $60k if the green candle starts burning like this.
hero member
Activity: 1344
Merit: 540
October 23, 2023, 05:02:50 AM
#48
I think the range Should now be set between $30k to $50k, because I don't think it's going to go back that much, so when you look at the Different Analyses, they are all showing that the bitcoin can reach $32k, so I think that the moment that is fulfilled they can say that the range will be the one I said before, I can say that, but another thing is if it completely moves the price, and it could be the ETFs that are Doing their thing separately, and of course When the halving arrives everything will change because it will be much better the moment the price rises , I do think that Bitcoin can reach more than 100 thousand USD in the next few years.


If we are in the 30k-50k range like you said then we are out of bear season and into bull season, which is not at all true of what is happening. Bear season is not over yet and if we can reach $32k in the coming days there is no guarantee that bitcoin will not drop to $25k again. I remain optimistic about October and November, but in the long run, I still believe there will be many more corrections before the bull season truly arrives. As for bitcoin reaching $100k in the next few years, it is almost inevitable.

Still very though to assumed that we are out of the bear market if we hit $30k-$50k. Let's say that the catalyst for a bull run is still next year's block halving. But it is good if we see the price along that line before the halving itself. It's already high, but it would go higher after the block halving. And it also means that since the starting price is already high, then if we go on a two year run, then it could really grown $100k-$180k as others have predicted.

So for now we will take what the price will be. But short term or at least for this month, it's good to see the price back to $30k. And the month of October never really failed us. I mean if we look at it's past history, it seems to be this month is always positive for us. And in the last week or so, there is a big possibility that the trend will continue.
hero member
Activity: 2268
Merit: 579
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October 23, 2023, 04:31:07 AM
#47
I think the range Should now be set between $30k to $50k, because I don't think it's going to go back that much, so when you look at the Different Analyses, they are all showing that the bitcoin can reach $32k, so I think that the moment that is fulfilled they can say that the range will be the one I said before, I can say that, but another thing is if it completely moves the price, and it could be the ETFs that are Doing their thing separately, and of course When the halving arrives everything will change because it will be much better the moment the price rises , I do think that Bitcoin can reach more than 100 thousand USD in the next few years.


If we are in the 30k-50k range like you said then we are out of bear season and into bull season, which is not at all true of what is happening. Bear season is not over yet and if we can reach $32k in the coming days there is no guarantee that bitcoin will not drop to $25k again. I remain optimistic about October and November, but in the long run, I still believe there will be many more corrections before the bull season truly arrives. As for bitcoin reaching $100k in the next few years, it is almost inevitable.
sr. member
Activity: 1554
Merit: 334
October 23, 2023, 03:19:53 AM
#46
32-34k by oct 1.

35-39k by dec 31

45-48k some time before the april ½ ing.
I want to know when is your prediction that it's going to go down again, so I can save some of my money in case and buy myself a hefty amount after getting out at a possible 48k.
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.
If you want a positive news, November and Christmas is a historically pretty good for bitcoin price so I don't know how good you want the news to be but I think that's a good enough news to be bullish about bitcoin breaking the resistance at 30k, who knows, we might see bitcoin go at a really high price before the halving but don't be too hyped up that you will put everything you've got on bitcoin, invest wisely.
sr. member
Activity: 756
Merit: 454
October 23, 2023, 03:01:39 AM
#45
Bitcoin price is really getting to a height where we don't need to talk about it going down or say it's just for the time being before it starts going down, at $30,600k I believe it has this pressure of bumping more than the current price. I think the market is on the healthiest side as we head into the closing part of this month of October.
For me the range at this point should be from $35-$40k+ before the end of this year and we shouldn't be surprised if we see BTC price getting to $40k before end of October. The greens we're seeing should let us know that sooner than later it might get to $60k.
hero member
Activity: 2338
Merit: 737
October 23, 2023, 01:38:15 AM
#44
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.
The resistance will not get weaker on Bitcoin, you can see how Bitcoin's price movement today has almost reached $31K and this is proof that Bitcoin has penetrated the $30K resistance level this month and it is possible that it will continue to do so next month. because I am also hoping that it will not stop at $31K to end the year because there are still two more months for Bitcoin to rise again this year with a foundation of extraordinary resilience.
sr. member
Activity: 1092
Merit: 342
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October 23, 2023, 01:18:37 AM
#43
I think the range Should now be set between $30k to $50k, because I don't think it's going to go back that much, so when you look at the Different Analyses, they are all showing that the bitcoin can reach $32k, so I think that the moment that is fulfilled they can say that the range will be the one I said before, I can say that, but another thing is if it completely moves the price, and it could be the ETFs that are Doing their thing separately, and of course When the halving arrives everything will change because it will be much better the moment the price rises , I do think that Bitcoin can reach more than 100 thousand USD in the next few years.
sr. member
Activity: 882
Merit: 215
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October 22, 2023, 11:59:40 PM
#42
I'll just try to be brief. The BTC price movement is impressive and if you look at this market, a positive news event is really needed for BTC to be able to exit at $31K and if not a reversal occurs again because if it just stays there and stays at the $30K level the weaker the resistance will be.
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