Topic: Bitcoin hits $64K: What will October bring for BTC? - page 3. (Read 895 times)

I don't think the same thing as you said can happen again at the end of this month in Bitcoin because now there are many investors and traders who still want to buy more Bitcoin when they know that the current market conditions are starting to improve a little. And indeed if we look at the increase in the price of Bitcoin in the last few days in general, it is a very normal increase, but it certainly still means a lot to those who are waiting for the price increase in Bitcoin this month.

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.

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.

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.

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?

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

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.

In late September, Bitcoin price pumped to $63,000 without even noticing. Just a few days before that, the price of Bitcoin dumped and reached $58,000. By October I expect Bitcoin to reach $66,000. Because now the price of Bitcoin is very stable and even by the end of the year Bitcoin ATH will happen and its value will increase more by the end of the year. But around October I think the price of Bitcoin will increase a bit. Since Bitcoin has managed to hold its value very well this year, it is expected that Bitcoin will be more stable in the coming days.

We are close to Uptober therefore I can only see one possibility playing out which is the market going up. But this does not mean that we will not see small corrections happening during October but I do not think we are going to see the market getting a very big correction as we have experienced in the past. The signs are already everywhere that our sorrows will soon be over because the market is going to make us happy. The hodlers are about to be rewarded but there is still time for anybody that wants to buy. I have not analyzed the market myself recently but I do not think I have to do that as I will not be trading again until the bull market is over because I do not want to miss taking full advantage of the bull market because I wanted to take a short term profits.

With the way that the price has been moving since we hit a new all time high last March, it's really hard to see where it will go in the next month. Although historically, October-November should be a good month for a halving year, however, this is a very different cycle as we hit a new all time high prior to the halving itself. That's why this is the first time that we have seen this kind of movement and so we don't have any precedence to see how it will be.

So this could be just a facade, a bull trap or catching a falling knife. So it's just better to just prepare for the unexpected in the last 3 months. We will have to observe and just react on what the market will give to us. And then we have the US election as well in the sideline that might have a impetus on the market. Majority might think that it will bolster the market because a certain candidate is supposedly pro-Bitcoin. But it's not a assurance that once that person is elected, the market is going to be very bullish.

Lot's of parameters that we have to consider, and at the end of the day, it will still be up to us whether to push a bull run or not.

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.

TBH, it's a bit surprising that it's looking like we will end the month of September with a green candle. I mean just by basing on the history of movement of price of Bitcon during the month of September in the last 11 years, it averaged negative. Point is, I didn't expect it, but I'm happy to see Bitcoin above $60,000 for days already.

Is this a sign of a bull run? I think so and if you will look at the history, price of Bitcoin during the month of October tend to go up massively hence, there might investors out there who bought Bitcoin in advance so that they will not buy it anymore when it goes up next month. Based on history, Bitcoin's price in the final 3 months of the year tend to go up-down-up. I'm not sure if this will be the case this year as well, but there's a high chance that we might see the bull run happening next year just because of it's current price movement. If it stays above $60,000 for weeks, it's already a good sign.

Also, let's not forget that the US election will be happening a few months from now, and I hate to say it, but it might be a catalyst for the upcoming bull market. Both shown interest with Bitcoin, and even though I don't think that this is genuine, I believe that it will have some effect towards the price of Bitcoin in the long run. As for the month of October, I expect nothing but an upwards movement.

The recent surge in Bitcoin prices is not a hoax because it could be due to the effects of the Fed's interest rate cut which directly impacted the crypto market and others, causing the price of Bitcoin to increase. And we can also assume that this is due to the effect of many investors buying again this month after news of the interest rate cut began to emerge and was approved by the Fed. So this is a very good momentum and not just a hoax because Bitcoin will always get better when there is news that can influence the market in a better direction.

The thing is right before the starting of this year when the ETF was approved and bitcoin rose to highs that even broke the previous all time which was a thing that happens after halving there was a shift of market sentiment with investors and traders all turning super bullish due to the euphoria that the trend brought and many were not even expecting anything bearish again although we know it is undeniable that there will be correction and that’s why you see that most of those predictions were wrong because their were base on traders sentiment and not on any actual data, it is of recent that investors and traders are beginning to keep calms and allow the market trend follow it self.


Yeah I have seen many economists predicting a worrisome recession data even with the rate cut most are of the opinion that the government did that to ease the recession panic, this is the first time since 2020 so maybe we wait for a new FOMC report and see maybe it wasn’t a panic act.
If anyone have been following the bitcoin trends one can easily see that the easiest way the market gets manipulated is actually through the traders sentiment, just a news of recession fears and the Japanese interest rate hike caused a huge dump in August, a news now about rates cuts caused its own pump again. This panic buys and sell are to me done by small hands who do not understand how the market trend works

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.

Hmm, if it goes on till the end of the month we might actually see it as a stabilized level and we'd probably see 65-70k instead for the entirety of October. We are nearing the end of the year and as per expected, most people (and I) are expecting BTC to at least stabilize itself at 65k ish with the potential of going up. Now it depends on how the market reacts based on the slow increments we would see in october (and maybe November) but it isn't unrealistic to expect a new ATH at the end of the year.

Still wouldn't expect anything exaggerated though, you'd probably see the norm we've had in the past few months but moved up by a couple thousand instead.

For years, Bitcoin has taught us about speculation about the direction of the crypto market game after the halving occurs or often said to be a new ATH, maybe there are hundreds of people often talking about, Bitcoin $50k how in September, Bitcoin broke $60k how in December and so on.

It is necessary to understand that there is a lot of speculation that can be seen outside, unfortunately it is speculation that is not calculated and experienced, it only comes from the brain while sleeping, it is a shame that many crypto users are fooled in situations like that, Honestly, I took from the experience of these two years, 2024 and 2025. Bitcoin went up and down, that's normal in the crypto market, but don't expect Bitcoin to break through to levels that are impossible in those two years, hope for the next halving, you can see what happens.

The recent surge in the price of Bitcoin is not a facade because we all saw how the price of Bitcoin didn't experience any increase in the past month but just within a couple of days we witnessed significant increase and the price has been around $63k which means we should be expecting the market to strengthen more and elate the price of Bitcoin to skyrocket in upcoming days so we should be optimistic about the price gaining more strength (skyrocket) than weakness (decrease) in months to come.

This surge is real as we see the price increase high. But I am not sure if this is a real bull run or a sign of bull run. We never know about that for sure and only guess that is a sign of bull run because the price can break the wall and increase to the high price. When you are an investor, you will still hold your Bitcoin and not trigger because of this surge as you have your own target price to sell. You only still buying Bitcoin and accumulating so you will have a chance to save man Bitcoin. This is a good moment to take profit from trader because the surge from the low to the high price is real and they can sell some portion of Bitcoin and take the profit. But they can also hold their Bitcoin until the price reach their target price.

Yes, the yearly chart shows that September is always a bad month for bitcoin but another reason is since the halving happened. Bitcoin monthly price poll topic so far most people have made wrong predictions, Bitcoin does not move according to crowd expectations. So people start to lose their expectations and instead make more neutral predictions because no one wants the market to fall any further nor does they believe the market will rise. But every time the price of bitcoin increases, some people will immediately change their minds.
It can be said that market sentiment changes very quickly and market makers are very good at manipulating our sentiment.

The Fed's 0.5% rate cut did not necessarily ease recession fears; on the contrary, it made them worse. They rushed to cut interest rates because they were probably afraid of a recession, not because the economy was getting better as they said. But surprisingly, the market reacted positively.

Personally, I am in no rush, I will wait until the second rate cut in November, then I can be confident enough to think we will enter bull season.