Bitcoin October Month Performance - page 5.

JoyMarsha

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Quote from: usmanghani010 on September 29, 2023, 01:11:56 AM

Bitcoin October Month Performance

🟢2013 → 60.79%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %

What do you think?
How much will Bitcoin pump this October? 👀

Comment Your opinion ⬇️

According to what I can figure out about the price of bitcoin in October each year, there often is a rise in price during this month. The closeness of October each year towards the bitcoin halving season all relies on when the month of October falls in and that will determine the bitcoin price increase to be witnessed.

For instance, "2020" was a year before the last halving of 2021. Bitcoin's price soared to roughly 27.7% in October of that year, and in 2021 (months after halving), it increased to 39.93%.

Based on what transpired in October 2020–2021, the price of bitcoin had risen by that point. Therefore, historically speaking, because October of this year is a year before the halving year (2024), the same thing might occur.

I anticipate bitcoin to at least surpass the long-overdue $30k barrier by the end of October.

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I do not expect it to be something as high as %60 to be fair, but a %10 increase would be lovely, and it wouldn't be too high of a price neither. People should turn that into price before they judge, so if we are at near 27k levels currently, a price increase of %10 would be 2.7k, so that would make it 29.7k. So when you talk about if %10 is possible or not, you are talking about if 29.7k is possible or not. I believe that its quite possible and we should definitely consider it as a possibility and the returns will be fine. I understand it may not happen as well, there is nothing wrong with that, I get why people consider that too much because we haven't been there for a while, but I think its good possibility.

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Quote from: fzkto on September 30, 2023, 01:54:34 PM

Quote from: Sexylizzy2813 on September 30, 2023, 11:38:53 AM

With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.

Bitcoin has only had two red Octobers in its history, so there is a really high probability that we will see a rise this October. It would be good if bitcoin can break the resistance at 32k. But it's probably too early to tell.

Let see how this much anticipation takes us through the month of October although, bitcoin has made a lot of build-up that will mark a memorable timing for its market all through October, but then we have to also consider some of the possibilities that may keep the price of Bitcoin at the present price or even below for a while, because Bitcoin has made series of attempts to break the current price benchmark without any positive outcome.
For that, the month of October may also be a challenging month for Bitcoin if care is not taken, and that is why, is important to hold an amount of Bitcoin that you can hold for a long time without any financial pressure.

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Quote from: Sexylizzy2813 on September 30, 2023, 02:21:46 PM

Quote from: fzkto on September 30, 2023, 01:54:34 PM

Quote from: Sexylizzy2813 on September 30, 2023, 11:38:53 AM

With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.

Bitcoin has only had two red Octobers in its history, so there is a really high probability that we will see a rise this October. It would be good if bitcoin can break the resistance at 32k. But it's probably too early to tell.

That's in the past to speak about October don't expect what happened 2-3 years ago to happen again let's accept what the market is giving us. Bitcoin price might or might not get to what you're expecting and I'm not sure of seeing $32k this month but I'm sure $30k is certain as the price is $27k at the moment it might even get to $29k before the end of this week, just saying though.

Of course, we can't do anything about what is currently going on with the market, it's close to $27k and I think that we will close this month along that price. Everyone is expecting that we should be around $30k but October. But I wouldn't be surprised if we didn't get to there, with the current sentiments that seems to be in the middle ground as there are no positive news to push the market.

So let's just hope that what we have been seeing previously for the month of October will be good. So that we can see some positive movement for this year and obviously we want to see our portfolio grow and then continue to accumulate as much BTC as we can in preparation for the month. But if October tends to be another sideways, then just go with the market flow.

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Quote from: fzkto on September 30, 2023, 01:54:34 PM

Quote from: Sexylizzy2813 on September 30, 2023, 11:38:53 AM

With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.

Bitcoin has only had two red Octobers in its history, so there is a really high probability that we will see a rise this October. It would be good if bitcoin can break the resistance at 32k. But it's probably too early to tell.

That's in the past to speak about October don't expect what happened 2-3 years ago to happen again let's accept what the market is giving us. Bitcoin price might or might not get to what you're expecting and I'm not sure of seeing $32k this month but I'm sure $30k is certain as the price is $27k at the moment it might even get to $29k before the end of this week, just saying though.

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Quote from: Sexylizzy2813 on September 30, 2023, 11:38:53 AM

With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.

Bitcoin has only had two red Octobers in its history, so there is a really high probability that we will see a rise this October. It would be good if bitcoin can break the resistance at 32k. But it's probably too early to tell.

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Quote from: Fundamentals Of on September 29, 2023, 09:09:02 PM

The month of October is called Uptober for a reason. But it isn't really consistent over the years. There were Octobers in the past wherein the price ended up in red rather than green. So even if most of the Octobers in the previous years were green, there isn't really a guarantee that it's going to be green this time around.

I myself don't expect much. If the month closes in green, the growth won't probably be a big deal, perhaps a single digit in growth, just like the October of last year. But green is very possible considering how low Bitcoin's price probably is when the month shortly opens.

I haven't seen any good news about October, but something that might be supportive is that bitcoin could maintain $27k by the end of September. But of course there are still a few hours before September closes and this can be a good benchmark for continuing analysis in October.

I really hope October is a month for price recovery in bitcoin and I feel optimistic about that. October should give us a lot of hope about the price of bitcoin, but something bad might affect its rise. I don't expect the $28k to $29k resistance to fail to break in October, meaning I'm optimistic about it.

Sexylizzy2813

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With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.

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Quote from: justdimin on September 30, 2023, 08:22:32 AM

Even better, there are people who bought it at under 20k as well, some close to 15k as well, and when you think about it, those people have been in profit for a while now, and I bet that if they keep waiting, they will be even more profiting by the time price starts to go up.

Buying below the price of $20k is a fairly safe zone and holding until now gets quite a lot of profit, depending on how much Bitcoin was bought at that time.
Especially if the price of Bitcointerus strengthens in this month of October and is able to break the price of $ 30k, it is certain that the profits will increase.

Quote from: justdimin on September 30, 2023, 08:22:32 AM

The trick of making more profit is not to buy it when it looks great, it's buying when it looks boring so that you would end up investing when you are doing badly, and the price doesn't look good at all.

Buying when boring is like in a market that already looks saturated and prices remain sideways for some time.
This will result in a pretty powerful explosion and can provide more profits.
But also need to be aware when there is some FUD that starts to come.

No matter how you trade, management is a must.
Without management, there will be no correct trading in accordance with the strategy.

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For sure October was mostly a good month for cryptocurrency and I think we can see a lot of movement in the market this coming October, we might not see Bullrun for sure since it's still a long way, but for sure market price could probably go around 30k$-40k$ at this month considering the past October performance we can already assure a price increase easily.

If we are going to connect it to the upcoming Bitcoin halving for sure it could easily add to the hype since there are only a few months before the Bitcoin halving event most of the time October, November, and December is going to be a great month for us investors plus with the upcoming Bitcoin halving, if I'm not mistaken I think it was October, November, December as well when the market price increases a huge percentage when the last Bitcoin halving event was near so I think we could easily assume 40k$ this time.

For sure it was still not a good time to sell but probably wasn't going to be a goog time for investors to accumulate since market price is going to increase, but overall hype is going to kick in when the market started to do movements.

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Bitcoin performing well in October is currently the talk of the crypto market as history suggests so. But this year's situation seems different to me than other years, as many countries around the world have created an unstable environment economically and this global economic situation can affect the Bitcoin price as well. So I think Bitcoin may go to $28000 - $29000 range in this October month after which Bitcoin price may start falling again. All these are predicted considering the current market situation.

On the other hand, if Bitcoin can successfully move above the $30,000 range, we may see another historic October. Let's see if Bitcoin can do something magical in October this year.

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Quote from: taufik123 on September 29, 2023, 09:57:15 AM

It's better to go up gradually than to go up with FOMO which will eventually dump suddenly.
A gradual increase will build strong support for Bitcoin to hold when bad news hits and strong support is very important.

Right now we can only collect more even though the price is still stuck.
There will be a time when the price will shoot all the way up to the strongest resistance.

Do good management, buy and hold so that you can accumulate more and more assets and eventually get more profits.
Do not just sit back and watch the market continuously without any action taken.

Yeah this is the point of buying right now, the price is stuck and it doesn't look desirable to buy it right now, it looks like it is a boring time to buy but the people who buy it right now will be able to maximize their profit when it goes up.

Even better, there are people who bought it at under 20k as well, some close to 15k as well, and when you think about it, those people have been in profit for a while now, and I bet that if they keep waiting, they will be even more profiting by the time price starts to go up. The trick of making more profit is not to buy it when it looks great, it's buying when it looks boring so that you would end up investing when you are doing badly, and the price doesn't look good at all.

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Quote from: TelolettOm on September 29, 2023, 06:08:32 PM

Quote from: gunhell16 on September 29, 2023, 01:35:39 AM

In the upcoming month of October, I think there will be a bit of an aggressive movement in the market, because I have also noticed that in the month of October there is also a change in terms of increasing the value of Bitcoin or other cryptocurrencies. Especially since there is an upcoming event in the month of October regarding the application of Blacktock in Sec.

Aggressive movement? Do you mean a significant change in price? Huh

No sure whether we will have a significant movement in Bitcoin price, I don't think the Blacktock will bring significant impact if we still have many FUDs. I don't really understand what Blacktock is, but I feel that FUDs still have higher impacts. The only thing that probably have a big influence is Bitcoin halving, the hype may be started in the early of the next year (not in the next month).

Anyway, there is no guarantee that the previous good history on October will repeat. The current price scheme may be different from the previous cycles. So, I'm not very optimistic about the potential pump in the next month. I prefer to wait for good news related to crypto world, IMO it may have bigger impacts.

Maybe so, but we all look at the annual history of October I wouldn't think of October as being aggressive towards upgrades.
Even if there is an increase it won't be more than 10% which is estimated to be at least $30K in October, but I'm not sure all this is just speculation it may or may not happen.

If you are a holder then there is no need to think about how the price of bitcoin will be in October because there will be no reaction to selling only we buy maybe when the price is high due to the increase next month, I leave it at that even though many people say October is a good recovery for bitcoin.

Remember that FUD will never leave the market, we will see that FUD come again.

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The month of October is called Uptober for a reason. But it isn't really consistent over the years. There were Octobers in the past wherein the price ended up in red rather than green. So even if most of the Octobers in the previous years were green, there isn't really a guarantee that it's going to be green this time around.

I myself don't expect much. If the month closes in green, the growth won't probably be a big deal, perhaps a single digit in growth, just like the October of last year. But green is very possible considering how low Bitcoin's price probably is when the month shortly opens.

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Quote from: usmanghani010 on September 29, 2023, 01:11:56 AM

Bitcoin October Month Performance

🟢2013 → 60.79%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %

What do you think?

Monthly performance is irrelevant, because there's no cyclic factors in Bitcoin that cycle in 1 full year. There's also no seasonality. Bitcoin cycles are only tied to halvenings and repeat every 4 years.

This is just an attempt to look for a pattern where there is none. There's no good months or bad months for Bitcoin.

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Quote from: usmanghani010 on September 29, 2023, 01:11:56 AM

Bitcoin October Month Performance

🟢2013 → 60.79%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %

What do you think?
How much will Bitcoin pump this October? 👀

Comment Your opinion ⬇️

Based on that sequence, then we should get one more drop then by 2024 we'll see an October that's on gains.

Quote from: Odusko on September 29, 2023, 04:24:00 PM

October is just next week and a lot of positivities of Bitcoin's potential price breakout which has become a much-anticipated thing for a while now since Bitcoin touched it once basic price level of 25k some days ago, this is why a lot speculations that we may see a more drastic price movement that can bring bitcoin close to around 28k which should be the least basic line to determine the benchmark at the end of October.

$28k won't be hard since we've seen $27k and then pulled back a bit. News are like the pushers of the market at these times, they're like setting the demand depending on what will be shown especially with what's popular these days, the ETFs. $25k is likely the support this time and if it drops some more, I'll start buying again.

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Have you noticed that OP is trying to make it look like every October is green, but there's a reason why the list is lacking a few years, mainly
2012 -10%
2014 -12%
2018 -4%

a +5% in 2022 is actually like no move at all. Bitcoin experiences moves like this almost every month so getting a + or - 5% can be a statistical error.
Don't get too excited.

The market reacts so much to the slightest piece of news about ETF and Gensler that you can get +10 or -10% this month without any real news about bitcoin.

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Quote from: gunhell16 on September 29, 2023, 01:35:39 AM

In the upcoming month of October, I think there will be a bit of an aggressive movement in the market, because I have also noticed that in the month of October there is also a change in terms of increasing the value of Bitcoin or other cryptocurrencies. Especially since there is an upcoming event in the month of October regarding the application of Blacktock in Sec.

Aggressive movement? Do you mean a significant change in price? Huh

No sure whether we will have a significant movement in Bitcoin price, I don't think the Blacktock will bring significant impact if we still have many FUDs. I don't really understand what Blacktock is, but I feel that FUDs still have higher impacts. The only thing that probably have a big influence is Bitcoin halving, the hype may be started in the early of the next year (not in the next month).

Anyway, there is no guarantee that the previous good history on October will repeat. The current price scheme may be different from the previous cycles. So, I'm not very optimistic about the potential pump in the next month. I prefer to wait for good news related to crypto world, IMO it may have bigger impacts.

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Quote from: usmanghani010 on September 29, 2023, 01:11:56 AM

Bitcoin October Month Performance

🟢2013 → 60.79%
🟢2015 → 33.49%
🟢2016 → 14.71%
🟢2017 → 47.81%
🟢2019 → 10.17%
🟢2020 → 27.7%
🟢2021 → 39.93%
🟢2022 → 5.56%
⚪2023 → ?? %

What do you think?
How much will Bitcoin pump this October? 👀

Comment Your opinion ⬇️

It is still difficult to say price predictions for October this year even though you have provided facts for every October in previous years. But I can only believe that if the price increase can occur in October, I think the level of increase will be slightly better than in October last year. Because the potential for price declines is still very possible in the next month and in fact the level of price change may not be too much in the next month if the increase only occurs in a very small percentage.

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Quote from: Odusko on September 29, 2023, 04:24:00 PM

October is just next week and a lot of positivities of Bitcoin's potential price breakout which has become a much-anticipated thing for a while now since Bitcoin touched it once basic price level of 25k some days ago, this is why a lot speculations that we may see a more drastic price movement that can bring bitcoin close to around 28k which should be the least basic line to determine the benchmark at the end of October.

We’re still on the level of $26k though I’m bullish that we might be able to break it in October as many good news are already taking their place and that could add up for the up coming bull run. Let’s be more positive this last quarter of 2023 and hope that we are on a better place now, I assume it will be around 10% up compare to last year and this could be more of a realistic guess, let’s see how the market behave in October.

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