Topic: Bitcoin hits $64K: What will October bring for BTC? - page 5. (Read 909 times)
October is historically a strong month for Bitcoin, especially in halving years & one year post halving years. We have all had plenty of time to buy Bitcoin much cheaper than current prices & prepare for the imminent parabola. Sit tight & wait for the good times to roll. I expect October to see us pump higher into the $60,000s & potentially even touch $70,000s. October will set us up nicely for new all time highs in November & December.
I think we will watch another movement. You know 29th September can be another significant day for crypto. In this day CZ will be released and it is a good sign specially for BNB. If it happens, then maybe we will watch BTC at near 70k. So October is lucky for traders. 
This rally is most likely due to the higher than expected rate cuts. Stocks are hitting all time highs and so is Gold. There is also Silver which is trading higher and higher even though it hasn't broken its previous ATH yet. However this is an indication that the market is becoming risk-on because with lower rates people are taking money out of market funds and they are putting it to assets where they will generate more revenue.
The issue with this is that if people start to overbid on houses, cars, watches and what-not then the inflation cycle will repeat and we might get higher inflation numbers than before and Powell will need to hike even higher and higher. And the debt for US is going to accelerate at an even steeper pace. So lets hope he made the right decision to cut by 50 bps.
The issue with this is that if people start to overbid on houses, cars, watches and what-not then the inflation cycle will repeat and we might get higher inflation numbers than before and Powell will need to hike even higher and higher. And the debt for US is going to accelerate at an even steeper pace. So lets hope he made the right decision to cut by 50 bps.
I don't consider the recent market move as being on the bull market already, but I will say that the market is trying to retrace all that it has lost in the past few days; some will say it's a market correction.
Bitcoin crossed to $64,300 today and is now back to the $63k level on price protection. We can see more of such price movement in times to come, but we shouldn't say that we are already approaching the bull market, as this is not it.
Maybe if we see a constant positive movement in the market, they will lead us to $70k. If we allow it to last there for a long period of time, we could consider it a step toward the bull market.
Bitcoin crossed to $64,300 today and is now back to the $63k level on price protection. We can see more of such price movement in times to come, but we shouldn't say that we are already approaching the bull market, as this is not it.
Maybe if we see a constant positive movement in the market, they will lead us to $70k. If we allow it to last there for a long period of time, we could consider it a step toward the bull market.
After great mental torture in the first weeks of September and the entire of August finally, there's greenery in the crypto market especially Bitcoin is taking my breath even though I'm pretty sad because my 19th September Bitcoin market prediction went wrong where my prediction was around $59.5k almost for a reward of 50 bucks but I'm happy that market is around $63k haha which is more important.
For October ops sorry Uptober, I'm not certain about anything as there are still some resistance levels that we are testing for a long time for a new ATH. Honestly for one thing which I'm certain is a new good ATH by the end of 2024 it can be in December or October, let's see.
For October ops sorry Uptober, I'm not certain about anything as there are still some resistance levels that we are testing for a long time for a new ATH. Honestly for one thing which I'm certain is a new good ATH by the end of 2024 it can be in December or October, let's see.
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.
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.
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?
Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
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