Topic: Bitcoin October Month Performance - page 2. (Read 911 times)

I've recently discovered that, according to historical data, October consistently sees a spike in Bitcoin prices. This has occurred every year that has gone by. And it will go on till the introduction of the Bitcoin halving after these months.

Furthermore, it is highly probable that the current bitcoin business will see a bull run as well. And it has been proven that the price of a Bitcoin has increased from $28,000 to $34,000+,  As of right now, the resistance flow is calm, but it might still decrease; in my opinion, it is currently between 31 000 and 32 000$.

October has a final lap to change the price from $34k to $35k+, and I don't know if it needs a motivation to let $34k go before getting into the month of November. I still have that feeling that whatsoever is holding the price from getting up to $35 will let it go before the remaining hours of October.
I must confess that this month of October is one of the best since the beginning of this year, I wish November would do better and make a movement that would surprise the crypto world. And I'm still waiting to see Bitcoin price surpass $34-35k.

Yes, this October was no exception and bitcoin didn't just rise, it broke resistance that couldn't be broken all of 2023. But I doubt about the psychology that it happened naturally, September was also green, although it was almost always red.

It's funny to see that October is the most successful month for Bitcoin. This has probably already become firmly anchored in people's minds, so that all market participants act accordingly. A self-fulfilling prophecy in that sense.

As we are currently in the month of October, and we have also seen how much the price of Bitcoin has been pumping. At the beginning of October, the Bitcoin market was in the $25,000 range but didn't grow that much, but has grown almost as well now. Over the last few days, the price of Bitcoin has risen sharply, touching $35,000, the highest it has been this year. Since Bitcoin is currently at a good high, I think there will be more changes in the new month and again in November. Maybe this 2023 Bitcoin market is not a change, but in 2024 it will change a lot and maybe the price will be above $40k dollars. The Bitcoin market is at its best in October and if there is a little more pumping from this position in the next month then the Bitcoin market will definitely get to $40000.

End of month will see us pull back to weekly average or about 32k I think.   Reasoning being we have an over extended flag formation, it could be bullish if it were compact and we were to continue upwards from here.   To briefly make formation at the top of a rise or flag pole then continue upwards, that very strong performance.  However we drift a little too much, people want to take some profit and hence price goes a little lower.
  More boring but the price action confirming 32k as a low remains quite bullish just not quite so fast in the gains as it powered us recently.

Is getting close $30k and it will get past it before the end of this month if possible before the end of this new week and $30k is going to be the amount it will drop down to not $26-$27k any more. This bitcoin price will affect next month not just next year but I hope this continue to rise till next year, because is like before the beginning of next year it might start dropping like it did this year. But let's enjoy the way it is at the moment.

Now the price is still very close to $30K so I also hope that this can continue this month so that next month Bitcoin can exceed $30K again when there is an increase like this month. Because price increases that occur slowly are usually much better with increases that occur in one fell swoop and for now investors certainly have no hesitation in continuing to increase their investment in Bitcoin before Bitcoin exceeds $30K this year.

This week the cryptocurrency market looks more green because of the price increase and I hope it doesn't end soon because on the one hand I am also hoping for a price increase that could exceed $30K this month on Bitcoin so a small correction like what happened today is something that I won't pay attention to it because I'm more focused on improving.

Seriously this has to get that strong positive reaction on this movement because from all I know some of these guys who predict the movement of Bitcoin would be very disappointed because the market just did the opposite of what they strongly believe, like this month the price won't get to $30k. I still believe that before the end of today it will get back to $30k and it will never go back to $27k or $28k. I just see it going up and not back down anytime soon. Before Monday you'd see something different in a positive fashion.

The cryptocurrency market does not have weekends nor does it have any connection with other financial markets. Forex and stock markets don't trade over the weekend, which means bitcoin won't move either. That is one advantage of bitcoin, where day traders can make profits 24/7 instead of other markets.
If you check the bitcoin price today you will also see that it is moving and at one point it was above 30k1$ and I think it could go even higher until the end of the month.

Yes, today the bitcoin price started to rise again after a small correction. But there is no need to react strongly to such movements. Now it is the weekend and the major stock markets have no trading. So on Monday the price can change in any direction. I hope that next week will be green on the cryatocurrency market.

I just wish October would not come to an end, it should continue doing it's magic on Bitcoin price, got up this morning and seeing the market price at $30k and I said to myself is been long. October is a promising month and I wish November would follow October's foot step, but investors shouldn't be in a hesitate in making any drastic decision because I have that feeling that in as much as the price has gone back to $29k, it will still move up to $30k and even surpass it. Let's watch how this remaining days of this month pounds out.

Movement is really that in between 2-3k increments in a short time and we've seen those movements on this October on which we can really say that it isnt really that as boring on the month of September but i wont really be that so shocked if the price would really be just moving within these levels on not to even break that 30k once again. Im already preparing myself  for those scenarios which the only month or moments on which i do see that significant movement will happen would really be on Q1 next year or something into those near months before halving event happens. This is where usually hype and fomo thing do really tend to kick in but of course its not something that recommendable on dragging yourself into some FOMO because its never been good on the first place.

Basing up with those previous charts and tallies then month of October do usually be ending up on a positive candle on which it would really be signifying that we are really that on better side of things
but dont expect that increase or those positive numbers would really be that big. It would really be always falls down into the demand and recognition in the end of the day and price
could really be that potentially be affected for those external news and events on which it will really be bringing out some significant effect in overall which it would neither stall or would really be
making that huge movement towards the price.

Seems like not a bad month so far, it started of well enough, either it was end of September or start of October, it went from 25k to 27k and that should be something that matters, and I believe that we are going to end up with something bigger after that. I think that it should not be a big deal, and couldn't be bothered by anything that is bigger than that, we could end up with something that would be smarter on the long run for sure.

I think it could be a thing where we need to end up with a greater return for a long time, and could definitely end up with a big profit for sure. I believe that we can't really end up with a return that can't be all that great or can't be something that works harder than we think, just wait for it to get better. I think reaching a higher price this month could happen, but staying under 30k is also not something that would be terrible neither, it could definitely be something that could fail our hopes once again.

There might not be much volume like you said but the major concern is how fast the market price is going up, that alone can break the barrier to $30k. I really can't say is a prediction but what the market is giving that's where the expectations are coming from, before getting to the end of this year I believe the market price will be on a positive side, because I think the past 3 months have taken the negative side of the market and we're about to see more of the green side of Bitcoin price.

I expect October to be positive for bitcoin as October is usually a good month for the market. But with recent world news showing increasing uncertainty, I'm starting to temper my expectations between now and the end of the year. I think it will be difficult for the market to break out this month and you will have more time to fill your bitcoin pocket. You are one of the few investors I see who want bitcoin to fall more to accumulate more bitcoin because most others are just waiting for things to go back up.

This is a prediction and in which anyone who predict here might have not make a research and present its prediction in cryptocurrency, I believe that cryptocurrency generally have what makes Bitcoin to increase, because bitcoin price you can drop your values and tomorrow the price of bitcoin will increase to a point that is above expectations or it decrease above your expectations too.

At moment the price of bitcoin has been stagnant for long time and for the price to be stagnant I believe that something is attached to it either what people campaign of bitcoin or what they dispense of bitcoin, in every October bitcoin price do appreciate in value and if you should ask me to give you my prediction in addicted of current price of bitcoin, I will just add three dollars ($3) in addition to the current values now, because I know quite well that bitcoin price is something I know very well that has to do with information, so bitcoin price is between twenty seven and twenty eight (27k-28k) in price, so with addiction of three dollars in 27k it will be thirty thousand [30k] and in 28k it will be thirty one [31k]

That's a pretty big break out don't you think, although I believe this month might yield some good turn for the market price value as we have already seen that this early period but I would also to point out the fact that the market is rather unpredictable and can take any sudden turn from anywhere so Bitcoin can still drop this month depending on the news that will have effect on the Market price. As investor and Bitcoin holder, am currently even praying and hoping that the price stays like this or even go low More so I can actually accumulate more coins toward the expectated bull after the halving period.

Of course, that's one way to view it, short or long term, just like in trading as well, we have day traders who just wanted to squeeze some profits daily and then those who wait before they sell.

So for sure term discussion or at least for this year, $30k could be the best price, $40k will be a surprised.

As for the next bull run, yeah 2025 could be the biggest as we are anticipating a 6 digit figure as our new all time high.

So you think the price should always improve year after year? There might be new people who adopt BTC and other positive happenings but negative things are still bound to happen which can also affect the price in the same vibe. Don't be sad just yet because what you and others are saying about an increase can still come true because last year was only a bear season and sometimes after it, is a bull season.

In your addition, I think the ones who does that are the active traders, and it does not mean that they are neglecting their health anymore. They do believe in BTC or they are positive about it. It's just that they make trading as their main source of income.