Bitcoin hits $64K: What will October bring for BTC? - page 2.

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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.

It's been more than 100 days since the halving, and so we should be expecting that the price could really take off in the next coming months or so, at least October historically, proved a good month to Bitcoin market. As far as what could influence the price or at least investors pouring their money, it could be the US election or something else. What's important is that the market is really bouncing or recovering from the last bearish month.

As we can see, the next barrier could be $65k, and if we can break it, maybe at the end of this month we might reach $68k. And with that, it could really translate on investors very bullish that might lead us to a new all time high before the end of the year. So we should watch out for October as this is a very critical month.

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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?

As a crypto trader, asides playing games online to get more coins as airdrop, which some of them might not end up as expected, what do we do for fun that we can earn from and be certain that we will get rewards from? I am new in the space and will need some guide and suggestion on how to go about this without wasting my time on tapping or playing games that will not reward me for my time and efforts, and most of the things I have seen asides from the trending memes has to do with Trading battles, invites, community contests, influencers and all on Bitget, Binance, I don't know if Coinbase does much of events and the likes, and I am not a celebrity or a rich dude, what can a nube do to be okay with his time?

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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.

Smack That Ace

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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.

Lilybasil

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Quote from: HawkTrader on September 22, 2024, 05:12:25 AM

Quote from: Lilybasil on September 22, 2024, 01:21:54 AM

Quote from: HawkTrader on September 22, 2024, 12:39:21 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.

Historically, the bulls activates in October. The sentiment right now could be because of some bullish news around BTC ETF option introduced, more institutional adoption of BTC and the latest introduction of DeFi to Bitcoin network.

The real bull run begins 2025 (that's the cycle) but I've always seen every movement as an opportunity and that depends on the strategy. Right now, it's more of getting rammed in on trade (with the right analysis) or maybe some exchange trade deals like lots of Launchpool recently on Binance and PoolX or some sort of specialized trade stuff on BG and copy trades here and there. It's our choice really but let's dyor be the main lead.

That's true. Thought this past week haven't been good for me. But as a builder. This is what I plan to focus on this week. Bitget builders harvest hopefully I get a chance to claim some USDT. what's your price prediction for BTC in the thick of the bull run? $200k?

Yeah, something in that range though my guts tell me it's going to be around $400k if the US presidential election goes in our favour and other market and fundamental indicators.

Do you think trump has a chance? BTC is trading around 63k at the moment though. Are you a builder? And I assume you're participating. How was your last week rewards??

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Quote from: Marvell1 on September 21, 2024, 08:06:30 AM

This could be another bull trap or the correction is over and we are entering a bull market in the final months of the year. Anything can happen, and no one can be sure about the future.

I know we are in a speculative board and we are free to make predictions but in my opinion, if we have been able to hold bitcoin so far. So even if the market gets worse, there is no reason to sell bitcoin and leave the market at this point. So we should pay more attention to continue holding and buy more when the price drops. Don't get so focused on the short term fluctuations of bitcoin that you lose sight of our bigger goal. Market makers are playing cat and mouse with us and we need to stay calm, don't fall into their trap and sell all bitcoins now.
Sooner or later the uptrend will appear and if it doesn't happen in October or November then it will happen in 2025, this is inevitable.

I think what you said is confusing. It seems you can't decide if the bull run have already occurred or not yet. It would be better if you will only choose one. Come on man don't be greedy Cheesy

. I think other coins did the same thing because it is known that other coins can follow the footsteps of BTC. What we are experiencing last time where the prices are dropping is only a correction and it seems it is done because we can now see BTC pumping up again. I think the bull run is not over yet, so we will be having a continuation for it. Anything can still happen like you said, so the price can still nose dive.

We can't predict the future and so as the future of cryptos, hence this is they are called speculative and we are only speculating here. Some have held their BTC for so long but it does not mean that they will continue doing this. In fact they may now sell anytime because they might have achieved their target already. There is always a reason for everything and so as when we sell our BTC's. Short-term fluctuations can still be useful, so it is not wrong if you can also focus on it.

Justbillywitt

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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.

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Quote from: Lilybasil on September 22, 2024, 01:16:16 AM

Quote from: Nrcewker on September 20, 2024, 10:58:49 AM

This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

Some analysts says it'll go as high as 85k in the last quarter..

Some analysts said it would reach 100k by June.

Don't trust what the analysts said. They were just creating noise. Their predictions rarely came true.

So many times i have seen a bunch of analysts say "btc would reach xxxx by the end of xxxx".

It's all bullshit. Always try to stick with reality. If bitcoin, it takes longer to reach a higher value. It's also relied upon the condition of our macroeconomics that happens around us.

mirakal

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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?

Well this could be the start of a price momentum until we reach the final peak, but this could also be another price correction that usually happen in a volatile market like bitcoin. All we have are just pure speculations and wild guesses as no one can actually tell the future price movement of bitcoin.

However, one thing is certain, bitcoin will definitely reach a new all time high, but if ask when we will see it starting to happen, that remains uncertain up to now.

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Quote from: DOH! on September 22, 2024, 03:36:23 PM

The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol

The more correct reason is that the FED cut interest rates because it is time, US inflation has fallen quite well at 2. 5% then also the unemployment rate is increasing and this is supported by the large interest rates that make companies limit their workforce so that operations run and debts are paid, some people and companies dare not borrow money for their business or needs if interest rates are high because it will make them difficult, Therefore it is assumed that this interest cut is intended to prevent the US from the threat of recession, then from that campaign or election financing needs to be disbursed by the government and also fighters so this will be very related, on the other hand it coincides with the last year of the 4-year cycle of bitcoin, which will boost the price of bitcoin because of the large amount of liquidity available.

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Quote from: GigaBit on September 22, 2024, 11:28:31 AM

This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position.

Honestly, nobody can actually predict the price of Bitcoin, like where the price of Bitcoin will reach in a certain period. Most of those predicting prices of Bitcoin and sometimes getting it right base their assumptions on what has happened to the price of Bitcoin in previous years, and that is the reason why most fail. Some people have even predicted that the price of Bitcoin will come down to $40K before it can start its journey to $100K, but nothing like that has happened yet. What is clear is that someone should rely on their own research. Otherwise, they may end up making wrong decisions about Bitcoin prices.

Quote from: GigaBit on September 22, 2024, 11:28:31 AM

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025.

Nothing is impossible about Bitcoin. The price of Bitcoin hit $100k before this year, and also, know that it can even come down lower than its current price, which is $63k, before the end of this year. So, let's just believe that the price movement of Bitcoin is not in anybody's hands. The truth is, if the demand for Bitcoin rises, the price will start moving higher. There is no specific day or amount of money set for Bitcoin price to reach any level. In the past, people used economic direction and some factors to predict Bitcoin, but nowadays, the economy has become unpredictable, and it seems to have no clear direction.

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Quote from: DOH! on September 22, 2024, 03:36:23 PM

The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol

$78K for Bitcoin price in October could be possible, but Bitcoin must be able to continue to increase its price from now until it passes the $65K level before October because the price you mentioned is a price that Bitcoin has never reached this year so that level is a new ATH level again if Bitcoin is able to reach it next month. But for now I am not thinking about a new ATH again, but rather a slow and more certain increase at the end of this month and so on in the remaining months of this year.

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Quote from: Xcode7 on September 22, 2024, 07:13:16 AM

Quote from: Roseline492 on September 22, 2024, 06:56:31 AM

For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.

It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.

Yes the increase of Bitcoin price that happens week ago is nothing to be giving attention to because immediately it increases before we realized it has already started correction and this has been the habits of Bitcoin price for months now because not ones or twice has the price move that way, However there was one that happens months ago when the price moved and stayed within that price for a long period which made so many people believe that the time has come for Bitcoin to achieve more milestones but the next moment it came back down, so we should have been gotten use to it by now to never miss understood any Bitcoin price increases at the moment.

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Quote from: Lilybasil on September 22, 2024, 01:16:16 AM

Quote from: Nrcewker on September 20, 2024, 10:58:49 AM

This can’t be exactly termed a bull run. I would say this is just another price correction. Definitely, if we see in history, then in the last quarter of the year we always see Bitcoins going up. So definitely it will do a sprint till 70k USD. But the price growth will solely depend on the demand to accumulate the coins by the traders and miners. It’s better to buy the coins or, if possible, do DCA. In this manner, you can make a good profit without worrying about the market’s movement.

Some analysts says it'll go as high as 85k in the last quarter..

maybe, but we need to wait until election first, FED rate cut could only influence that much, we're now at the point where breaking resistance is hard around $64k, since the other narrative to pump the price is the election, then it's wiser to be more patient.

since from the chart, we might go back to $60k again if we failed breaking the resistance around $64k supply zone

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Quote from: Z-tight on September 21, 2024, 02:48:16 PM

Quote from: BABY SHOES on September 20, 2024, 05:58:24 PM

Whoever bought at the lowest point this month was lucky to take advantage of the downturn and will now look forward to a slow rise.

It has not moved that much, still ~ $63k, neither is it moving any fast right now, so it is still a great opportunity for whoever wants to buy BTC. There are so many weak hands in the network and the way they go about things always amuses me, they would not buy BTC when it is low or when it is rising slowly, they would wait until there is a very fast pump in price, then they start fomo buying, it is funny but they repeat this action everytime.

That person seems to have no principles, they will only continue to follow the flow of FOMO even when bitcoin goes down he is afraid to buy because he is worried that the price will be even more.

That's how weak hands he will not take advantage of any opportunities that exist only panic when the price drops... I wouldn't consider this a high price, it's still low when compared to expectations to $100K, buying now is still a good opportunity for those who are just starting out...

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Quote from: GigaBit on September 22, 2024, 11:28:31 AM

This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position.

It’s just so difficult to know the price which bitcoin is going to hit at a particular price, that’s why I hardly talk about price which it’s going to hit before the month ends, or maybe we going to be experiencing bull run or bear market in a particular most. Any price which I see bitcoin, I do accept it like that, because if you expect so much from bitcoin, you going to end up being disappointed if bitcoin price doesn’t do as expected. Next month will be another new month, I expect bitcoin to perform well, but we should still expecting either dump or pump from bitcoin, anything is possible.

Quote from: GigaBit on September 22, 2024, 11:28:31 AM

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025.

If bitcoin can’t hit $100k this year, then am expecting that to happen next year, but I don’t know the specific month which it’s going to happen, and I don’t think anyone knows, so whenever we see it, we just have to be happy about it, but don’t be too serious that it’s going to happen in a specific month.

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The reason that the FED cut interest rates after 4 years of adjustment will be a strong push for bitcoin to rise again, along with the heat of the US presidential election preparation period also showing a positive impact on the market value. My assumption is that the market is bullish in T10 and T11, maybe bitcoin will reach a new ATH in this pump, there is something that makes me believe that this boom will be big and different. 78k in october. Lol

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Quote from: Xcode7 on September 22, 2024, 07:13:16 AM

Quote from: Roseline492 on September 22, 2024, 06:56:31 AM

For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.

It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.

This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position. Maybe once again we will see the Bitcoin price rise in the same way and continue like this. But when a bull run occurs no change will be visible no one will get the pre idea.

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025. Moreover, if Trump is able to come to power in November this year, there is a high possibility that Bitcoin will reach 100K within this year.

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Quote from: Xcode7 on September 22, 2024, 07:13:16 AM

Quote from: Roseline492 on September 22, 2024, 06:56:31 AM

For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.

It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.

October are coming soon so we must prepare for what is the coming. We still don't know if in October we will see the bull run or the market will moves randomly. Maybe we will see altcoin season before the bull run for Bitcoin or vice versa.

But i feel that the price will increase slowly like in the last 1 week until the price reach $73k. From that price, the price maybe still ups and downs many times following the news as usual. We can hope that in next 3 month, the market will moves better and can go up to the higher price.

Although we will see the down happen, that will not be too worry because the price will increase again. So we must still analyze the market moves to find the time to enter the market if we want to trade. But if you only want to invest, you can start right now.

STT

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The current price is the 3rd attempt since early August to regain the advantage of trading above the 200 day average. We have failed previously and doing so now is just as bearish if not more so.

So I'm waiting for that signal, I dont presume to know better then what is on the chart. If I had to guess Iam for the moment negative short term and positive on the much wider view with weekly or monthly bars I think BTC is ok.

The recent lows have been in line with the yearly average and we are rising, 2024 is a positive year. I just cant ignore the lows could also worsen first and its not a straight or easy recovery.
BTC dont care about out time table especially, its keeping its own time. Beat 65k first, no reason BTC cant pull a rabbit out of the hat but Im wary waiting.

Topic: Bitcoin hits $64K: What will October bring for BTC? - page 2. (Read 909 times)