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

Sexylizzy2813

sr. member

Activity: 700

Merit: 448

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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?

The month of September was indeed a decent one, never thought we would see the amount we saw before the closing part of last month, at first I thought Bitcoin price won't get close to $65k due to the slow movement of the market, like we all know how Bitcoin movement is, it gave us a surprise of having a boost to $65k which means we can be expecting something different or should I say something positive this very month of October, that's if it continues to display the green signal, who knows we might be seeing it get past the ATH and even giving us a new ATH. We can't be too certain how productive this month would be talk less of the remaining part of this year, is best to hold on and observe the nature of the market.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Smack That Ace on September 24, 2024, 11:32:40 PM

Quote from: Lilybasil on September 24, 2024, 11:38:49 AM

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.

$200,000 or $400,000 are big goals this cycle and I think to do that we need a bigger catalyst than the news of a Trump victory. In my opinion, depending on the market situation, we will set more suitable goals instead of making fixed predictions for a volatile market like crypto.

Trump's victory in the future US election may still affect the price of bitcoin but maybe only a minor one. Same with Harris, there could be a little effect as well that will last only a day or more and it will be forgotten then. That's how bitcoin price react to this kind of situation, but if it concerns about bitcoin adoption in another country, that will surely leave a huge impact to the price of bitcoin.

BALIK

copper member

Activity: 2254

Merit: 608

🍓 BALIK Never DM First

Quote from: Argoo on September 29, 2024, 01:39:12 AM

Quote from: JeffBrad12 on September 28, 2024, 10:41:44 PM

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.

The rate cut is indeed a welcome sign but don't forget that interest rates are still very high and according to last night's meeting, the Fed also said that they will not rush to cut interest rates sharply and it will all depend on the economic recovery. Following that announcement, most forecasts were for the Fed to cut by 0.25% instead of the previously predicted 0.5%. That means we still have a long way to go before we see lower interest rates and real monetary policy easing.

People often refer to October as "Uptober" so most are very optimistic but to be fair, it's hard to say what will happen. The only thing we can do is hope history repeats itself again.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: JeffBrad12 on September 28, 2024, 10:41:44 PM

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: jaberwock on September 28, 2024, 03:35:24 PM

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.

I think this month will be wild.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: jaberwock on September 28, 2024, 03:35:24 PM

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

It went as high as $66k, and a little nudge below, so we are in the $65,500, and yeah it's a good thing because if we look at September, it's usually a dry month. But this is something different now, it seems that we are really seeing a new phase, pre-halving all time high and now this is happening for this month. So it might sound crazy, but who knows, just a couple of days before this month end and hopefully we can maintain this price.

Quote from: jaberwock on September 28, 2024, 03:35:24 PM

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

Still good to buy, we are still way below the projected all time high, and so we can still take advantage of it. For us average joe, if we have extra money there, yeah, get some while the price is at a discount. Because when we see the price hits $70k and then goes on a parabolic rise, we might regret our decision not buying at this price point. So still a win-win situation and we should look at the bigger picture, in 2025, we will see $100k++.

jaberwock

legendary

Activity: 2660

Merit: 1074

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Ojima-ojo on September 27, 2024, 04:38:03 PM

We are at 65k+ Bitcoin price at the moment and Bitcoin touched the 66k price also today before it corrected back to the present price, this is so exciting and I am sure the month of October is going to present a lot of positive market vibes for us, and all I can say is that let, let everyone one of us hold on to our Bitcoin position because The coming month is going to open up a lot of market possibilities and all that we can say is that we are going to be seeing more uptrend movement in October.

Yeah, I just check the current price and it did went above $66k, so it means we are very much on the bullish state of the market. And we are almost at the end of the year. I remember a thread about what will be the movement and most votes for sideways pattern, including myself. So we were totally wrong as it seems the price is gaining for this month, and so far a 11% increased from last month.

Quote from: Ojima-ojo on September 27, 2024, 04:38:03 PM

Bitcoin have gone pass the worste price stage right now, and there is no doubt that coming month is going to bring with it a lot of price volitilities that will ushar in a new price regim and possibly another all time high price benchmark.

If we passe that state of bearish sentiments, then perhaps we are looking at October-December to be very bullish. And with that, I will say that $70k or new all time high at around $80k'ish is possible then the end of this year. So good times ahead.

Ojima-ojo

hero member

Activity: 826

Merit: 481

We are at 65k+ Bitcoin price at the moment and Bitcoin touched the 66k price also today before it corrected back to the present price, this is so exciting and I am sure the month of October is going to present a lot of positive market vibes for us, and all I can say is that let, let everyone one of us hold on to our Bitcoin position because The coming month is going to open up a lot of market possibilities and all that we can say is that we are going to be seeing more uptrend movement in October.

Bitcoin have gone pass the worste price stage right now, and there is no doubt that coming month is going to bring with it a lot of price volitilities that will ushar in a new price regim and possibly another all time high price benchmark.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: ibuddy122505 on September 27, 2024, 10:37:44 AM

Quote from: Kemarit on September 27, 2024, 04:57:43 AM

As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.

We've had some positive news, and I believe we're on track for more growth. We might test the 70k level soon, and then we'll see how the market reacts. October is coming, and there's a good chance we’ll see positive movement this month. As expected it's weekend and we've broken past some key levels, but we'll need to watch if the price holds steady and continues to rise.

Price getting closer to 66k is the proof that we need for a bull run or at least a hype. I believe that we are going to keep growing higher too, a 70k+ should not be impossible at the moment and we can totally see it happen soon enough, understand that it looks like it is not something that will take that much time, but it's also not that hard to do neither.

I believe that we are going to see this growing to be something that will be a good result eventually. We look like we are at the start of a bull run and I believe that is something that we can profit from, and as long as that exists, we shouldn't really be worried about anything and could get greater results with time, it's definitely something that needs to be looked closer and hold our coins for now.

ibuddy122505

sr. member

Activity: 1066

Merit: 261

Quote from: Kemarit on September 27, 2024, 04:57:43 AM

As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.

We've had some positive news, and I believe we're on track for more growth. We might test the 70k level soon, and then we'll see how the market reacts. October is coming, and there's a good chance we’ll see positive movement this month. As expected it's weekend and we've broken past some key levels, but we'll need to watch if the price holds steady and continues to rise.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Republikcoin.com on September 26, 2024, 09:23:51 AM

Quote from: Altcoiner007 on September 25, 2024, 06:51:02 AM

I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility

Price ups and downs in the market are indeed something that every trader loves because they do profit from it and it certainly happens very often in Bitcoin so predictions based on technical and fundamental analysis will always be there for Bitcoin although complete accuracy is always harder to find. However, it should still be considered normal because there are many people who are able to profit from these opportunities in the market because traders also often see certain moments and use them to gain more profits.

If you know how to take advantage of it, then yeah, we love that volatility, plus or minus or a certain days and then boom, instant profit if you are a short day trader. I will still go with the fundamental analysis though, I think it's underrated, but for long term holders, this is what we are looking for.

As for the price, we have already crossed $65,000, so I guess it's good to see that the biggest psychological barrier has been breach and with that, it seems that we will end this month of a positive note. And with that, entering October is going to be big for us, in my opinion.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Altcoiner007 on September 25, 2024, 06:51:02 AM

Quote from: Iranus on September 20, 2024, 11:20:24 AM

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.

I won't completely say Bitcoin is unpredictable.

I'm not saying that technical and fundamental analysis are completely useless but has anyone used them and been able to accurately predict what will happen next? If only TA and FA can predict the trend of bitcoin and the market, why is making profit never easy, especially with trading? Or why do people prefer long term holding option over trading when TA is used in all your trades?

If bitcoin is predictable, can you tell us what the trend of bitcoin will be in October and what the price of bitcoin will be in October? To me, TA or FA is only relative, nothing is absolute when talking about the future. Not only bitcoin but when we talk about the future, it is unpredictable, especially the financial market is always affected by news, crowd manipulation...making everything even more unpredictable.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: davis196 on September 25, 2024, 06:56:40 AM

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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?

The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. Grin

October is almost come. We will see what happen to Bitcoin and I hope that is a good change in the market. This month is up and down for Bitcoin and that makes many people confuse to analyze the market moves. This two days, Bitcoin move looks good because the price can hold $63k and not go to far. If this situation continue, we may see an increasing of the price so that hopefully, the market will turn the direction to the higher price.

But if in October we see many bad news comes, that can impact to the market and there will be a downtime again for Bitcoin and for the other coins. The election is also gives an effect although I don't hope that will be a big effect.

Many people still waiting for the bull run so they hold their Bitcoin until the time is coming. We have the same dream to sell our Bitcoin at the highest price or new ATH. So we must be patience for more.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Altcoiner007 on September 25, 2024, 06:51:02 AM

I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility

Price ups and downs in the market are indeed something that every trader loves because they do profit from it and it certainly happens very often in Bitcoin so predictions based on technical and fundamental analysis will always be there for Bitcoin although complete accuracy is always harder to find. However, it should still be considered normal because there are many people who are able to profit from these opportunities in the market because traders also often see certain moments and use them to gain more profits.

Rabata

sr. member

Activity: 938

Merit: 292

Quote from: Justbillywitt on September 23, 2024, 04:22:28 PM

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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?

With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and middle part of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.

Only a few days left and after that we will reach the last quarter of the year. The last few months have not been very positive for Bitcoin so we can consider the upcoming month as a bullish month for Bitcoin. However, in late September we see Bitcoin move slightly higher. But it definitely needs time to get its full strength. Moreover, we will see Bitcoin becoming a bit bullish from next month if we consider it as the implementation of the expectation that is working in everyone after the Halving. The last quarter in particular looks quite bullish compared to the rest of the year. But these are all just guesses. The market can turn in any direction at any time. Bitcoin has already crossed $64k. If this continues then we will be able to see a Bitcoin bull market soon.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: davis196 on September 25, 2024, 06:56:40 AM

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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?

The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. Grin

That news did help pumped the price, not just in crypto market, but all other financial markets as this is what they wanted to hear from the FEDs. And so with that, the price goes up as high as $64,xxx if I'm not mistaken, and then we have a minor retracement. But the sentiments of the investors are very high and so the price didn't go down that hard. If we look at the previous historical logs though, October-November is very positive during halving year. Not that we expect something similar to happen, but at least with previous runs, there might be a good chance that the price as well for this year might increased as it might coincide with the US presidential election and then next year he or she will officially sit on the White house. So there are still a lot of positive news that might push the market into a bull run in 2025.

davis196

hero member

Activity: 3150

Merit: 937

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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?

The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. Grin

Obim34

sr. member

Activity: 224

Merit: 195

Quote from: Smack That Ace on September 24, 2024, 11:32:40 PM

Quote from: Lilybasil on September 24, 2024, 11:38:49 AM

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.

The forth coming election does not have the full capacity to positively or negatively pull the price of Bitcoin automatically heading towards a large variance in price mark. Only possible reason why either contenders to becoming the President will create an impact to the market is when power has been fully handled and whereas decides to make the crypto community/activities very conducive or maybe not then will it have such reflexes but not on hearing who becomes the winner of the forth going election, not just immediately.

Quote from: Little Mouse on September 25, 2024, 12:04:03 AM

Quote from: rak012 on September 20, 2024, 12:56:52 PM

You know 29th September can be another significant day for crypto. In this day CZ will be released

Nonsense! Who the fuck he is? This will never be influential.

Very funny though, now wondering what influence would the X - CEO of Binance have to do with Bitcoin price movement. Most people are jut carried away by any moment of activities slightly associated with Bitcoin or cryptocurrencies.

Altcoiner007

jr. member

Activity: 263

Merit: 1

Quote from: Iranus on September 20, 2024, 11:20:24 AM

Quote from: Lilybasil on September 20, 2024, 10:35:10 AM

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.

I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility

Topic: Bitcoin hits $64K: What will October bring for BTC? (Read 895 times)