Bitcoin hits $64K: What will October bring for BTC? - page 4.

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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.

Didn't we see it already before the halving?

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

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?

I am expecting that we'll see better and stronger in the upcoming months. If people are still in preparation for the upcoming bull run, they're doing the right thing although this time is already considered bullish. The market is changing from time to time, we might be green for today but next week we don't know but as everything is going through IMO we're all doing good.

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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 i also think that this october the bull run will start, because we are now seeing a quick rising of the price ot the bitcoin, if there will be another correction then maybe will see bull run in the middle of october but, still there is not sure there will be possible changes just like before this is my own prediction, it is hard to predict the price but we are in favor of the bull run.

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just wait until we know how significant the rate cut affects economy, probably next month then we're talking about bullrun, right now market will probably just hold its price around $64k - $63k, been seeing the market price action since yesteday, it seems the resistance around $62500 - $62250 is really strong it just refuses to go down deeper than that, moreover the buying of BTC by also helps the market holding current price.
just hoping that weekly candle doesn't close on bearish engulf so we can be pretty optimistic that the market isn't done with its rally, after all, previous cut rate proven BTC to go up really high after few days, maybe it's gonna be the same scenario.

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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?

September was supposed to be a bearish month according to history, but it wasn't this time, right? The market's seems to be reacting positively to the fed cutting interest rates by 50 basis points which happened for the first time after almost four years. That's probably why September has been different this time around. And lots of people are already expecting October to be bullish, so they might already be stacking up on Bitcoin, and maybe "Uptober" is already priced in and people might start taking profit next month... But this is crypto. You never know what might happen next. Even if history repeats itself, we shouldn't be surprised if the price suddenly drops next month.

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

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Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

For me, I will say that you never can tell about the bull potential of Bitcoin currently due to it's price crossing the $64k Benchmark, because been a digital currency whose value had always fluctuated due to demand and supply, it might be true or not, which is why it's advisable for potential Bitcoin investors to buy Bitcoin now and plan to hold for a very long time, now that it's price is still very possible, compared to if Bitcoin crosses $100k benchmark, which has already been spiculated to happen before the end of the year.

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It's not just an unmasked spike but a real one as bitcoin prices continue to rise for several days, signaling that it's ready to be bullish in the next month.

What we expect is certainly an increase, right? The current price to the new ATH is getting closer... Will October be ATH history again even if it's only $75K because we know next month to be a bullish month which we saw history before.

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.

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Expect October to be a good month for bitcoin and it is possible to reach a new ATH soon, that is the biggest driving force for the market. Because after the 150-day halving cycle, bitcoin usually increases very quickly. If it cannot reach a new ATH, it will still increase very strongly as I predict 68k-78k, Get ready for the second big pump of the year

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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?

Maybe we should be getting ready now henceforth for the market to rise to more than $73,000 and make it to a new all time high, because the end of this month is giving us the right indication to this, we should also be ready in seeing that the market get to continue on this tre3nd till the beginning of next month, the bullruns might have just continues already.

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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 think the price will slowly move towards $70k now, if it is able to break that mark in October, then we can expect a strong finish to the end of the year, i don't like to speculate too much about the price of BTC these days, i just fill my bags when there is a dip and forget about the speculations and fud that fly around on the internet. In short, we don't know for sure what the price will be in October, but there is strong believe that the end of this cycle will take the price as high as 6 figures.

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Quote from: Ambatman on September 20, 2024, 02:07:15 PM

To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.

I'm sorry, but can you elaborate on that? Why are you disappointed with Bitcoin? It's currently valued at approximately $64,000, not that far from the last two ATH records; it's not as bad as you make it seem. Personally, I believe Bitcoin's performance is decent, even though it's relatively stable the past few months, usually ranging between $58,000 and $62,000. I don't believe we've been through the bull market phase yet; although I believe it's near and may happen between late 2024 and early 2025, you can't expect the market to be constantly booming.

The current condition seems fine to me; the previous dips in price were also great opportunities as well.

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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?

Nobody knows yet. But according to some analyses, it is said that bitcoin must show a strong support at $63000 before people can have more confidence which can make them to invest more on bitcoin. I do not know how true this would be.

According to my own analysis, if bitcoin do not fall below $60000 for a long time, it is possible that the price might increase more. Also if bitcoin do not increase more than $65000 now and not fall below, the price may fall close to $60000 again. If the price fall below $59700, it is possible that will might see more price fall again before the bull run.

About October, we are still 10 days far away, I can not give such prediction now. My prediction is still short term prediction. Sk the long time I referred to above is still winning this month.

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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.

If you actually read some of the replies on those polls about bitcoin September price you will find out that most people have their predictions base on historical data and one of the key factors that made many to think this month will be bearish month is because the month of September has always been majorly a bearish month so base on that many predicted it to follow the trend. Also the month was welcome with a panic news of recession looming around which added to most investors confluence.

The month predictions might now be wrong with bitcoin pumping up this is because no prediction is certain it’s all speculations, moreover the Month actually played out its bearish trend role and only started pumping because of the cut of rate by the state’s which increase the interest of many investors to come in and that’s why this pump is going on and I expect it to kick start the bullish trend which I believe will start this last quarter of the year

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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.

Bitcoin price hitting $64k doesn’t mean we will be expecting a bull run by next month. Don’t be surprised that bitcoin price might end up dropping by next month, so we shouldn’t just be confident that bull run will be starting next month. Anyone investing in bitcoin for a long time can still keep on accumulating their coin, but traders should be kind of careful right now, they should trade with caution because what we're seeing is just a price recovery and not a sign of a bull run. A dump can still happen at any moment, that’s just why we should be careful.

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October $70K and $80K? Who knows because October is that great month that people say it is and so is its history.
This could be called a bullish sign going forward but we never know what happens with a few months left, how high can the bitcoin price go by the end of the year? Probably no closer to $80K.
I don't think this is a frog spike or what people call a trap, this is a pretty good increase, maybe some investors already believe BTC will go up soon.

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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?

Did I missed out the $64,000 in the current market run? Because since I visited the coin market cap I've only seen best were the struggled to $63,000+ which is just at today as at the month of September. It's become impressive unlike the month of August.
Indeed the month has f September seems promising but we still can't confidently presume what may become at it's end.

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For a long time, Bitcoin isn't playing well. I have been following free telegram channels that share the latest news and some signals as well. They had been saying we may see a bitcoin pump in October. Though they don't share much reason, it's good to see Bitcoin pumping, however. Another channel says it will pump and dip again before a real growth. It's necessary to out-paper hands before a real movement that could make a new ATH record. So overall, I am bullish on October, at the end of the year, we may see ATH again, I believe.

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To be honest am quite Disappointed in Bitcoin ngl but that's how it's.
And we didn't just enter the bull market
We have been since 2023 and still ongoing so yeah
I'm quite bullish
If we could survive Downtember in positive
Then finger crossed expect same in uptober.
I just want to cross the $70K figure mark.

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This is a topic fit for speculation, but if were to guess, I'd say that Bitcoin is gearing up for the end of the year.

If you look for instance at 2013 bull run, bitcoin pumped in Spring, then had a pretty boring Summer and woke up in December to reach a new ATH.
In 2017 it went parabolic in November and December, but these things happen a year after the halving, so it should happen in 2025 if we followed the pattern, but this could be December 2024 - January 2025, right?

I think that we haven't seen a bull run this halving and we will see it. It may be this year, or the next year. I don't think that we'll go to new highs in October or November of this year, rather next year, but bitcoin can go crazy and surprise everyone.

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This market move have been off to a lot of corrections and unpredictable instances. I will not term this as bull run yet because it’s yet to break the resistance level of $65K. Even when that has been broken, so many confluences are their to consider before we can finally say a bull run is imminent already. The market have come off to a very good start when we look at the month of September, with just about ten days left to the end of the month, we may see a good movement of the market to the month of October. If we enter the month in an uptrend, we may as well continue in that form and history will repeat itself for October to be a good month for bitcoin from inception.

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Go check out my previous thread where I mentioned that it's going to be up only from now onwards when Price was at $54k, finally about $10k up from my post in some days, glad to see it working out. October is going to be a great month for Bitcoin and Other Cryptos as the weekly closing is very bullish and same goes for the monthly price chart candle. I hope we cross our local resistance which is at $73k this time.

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