Topic: Bitcoin October Month Performance - page 6. (Read 931 times)

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 have entered the safe zone again for Bitcoin. This part is fun for me and it is much easier to read the price movements in this part. I think we have left behind a difficult process and now the fears and worries are behind us. I made my purchases in Bitcoin in two levels. Now it is simpler to read the price movements in the market with the incoming intersections. I am not sure whether this incoming breakout will start a rise or not but in general, if we look at the Bitcoin October performances in the past years, i think October will be bullish for Bitcoin.

Better to have this kind of anticipation rather than on making yourself that too bullish about the price.It isnt really that bad on trying to look those histories in speaking about those percentage gains on a certain month

of the year. It could really vary and there are really that those common factors on which it could really be affecting out those numbers on which it would really be just that better that never ever make yourself that too optimistic towards the price so that on the time that it didnt hit up on what you had anticipated then you wont really be making yourself that get frustrated. This is why always be that versatile on whatever numbers that it would be showing but honestly we are all hoping for some positive for this upcoming October which considering that in month of September which the price is really just that behaving on moving sideways
and we've been that too stagnant for too long as same goes into those previous months. Well, we arent really that still on that halving period but pretty sure that on the time that we do get closer then
movements could really be that something noticeable.

This is why its not really that bad on taking up actions specially on accumulating while the price or its value is still that cheap or low, because we might not really be seeing this numbers again once
the market would really be starting to fueled up and would really be  going into those digits that we havent seen before. People doesnt really look for long time or term aspect
but rather focusing too much on shorter one.

Until now bitcoin is still having difficulty maintaining its value above $27k, but there is hope in October about that. I believe a price recovery is more likely now that we have been in the accumulation phase over the last few weeks, but there would certainly have to be a big push for $35k to be reached.

I also wouldn't imagine the $35k resistance would be easy to hit in October, but $30k seems reasonable to expect. We still have 3 months until the end of the year and usually this is something that can be considered good for price recovery.

With that range of dates and given that fall in October 2022 is presented as the lowest of all, the answer is simple, with respect to October last year, it is not that difficult, well...

So,the percentage should not even be greater than 7%, which would be quite enthusiastic.

October is the time when we see some growth in the coin in each year. So year this year the same pattern will be followed as expected. There is hardly 3 months now left for 2024, and as we know Bitcoins follow a 4 year cycle to reach ATH price, so 2024 is the 4th year. Hence there is high expectations that soon the price will go up. So I would suggest everyone to buy and accumulate as many Bitcoins as you can and hold it till July of 2024. Definitely you will see massive profits in few months.

Well, looking at the statistics I think that October will be a positive month for the price but the regularities that we observe in them may end up being broken, so we cannot rule out a negative month for the price. Note that until last year we could say that in October bitcoin returns were in double digit percentages, and that last year that was no longer the case. But well, approaching the halving that we are in and with history backing it up, I think we will end up in the positive, but I would say not much for the historical series, like 5-15%.

Usually in October, bitcoin shows a good increase in price. I think that October 2023 is unlikely to be an exception to the rule. Most likely, good news will start in the middle of October. Maybe there will be information about likely approval of, for example, BlackRock ETF or something similar. As they say, fingers crossed for good luck

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.

Only in 2013 did bitcoin outperform the market in every October to 50% since its inception. We've seen a number of bear markets this year, and many of the projections from previous years didn't match up with this year's, so I don't think the will alter significantly from where it is today. My guess is that, it will be quite difficult to see it reach $30K before the end of this month. I believe that the market will still see some volatility before entering a long-term bull market by the end of the year, or no later than January 2024.

While waiting for Bitcoin's price increase, it seems more logical to wait for it to rise gradually. Because it suddenly rises too much and falls back again. The price should not remain below our expectations until the end of the year. It would be better to enter the new year with a good price, but many news in the market may prevent this.

The price has been stuck for a long time and does not know where to go. We need good news.

Can't predict what percentage will occur in October 2023. Regarding price pumps will occur but I don't think it will be too high perhaps because of the delay in the bitcoin spot ETF announced by the SEC for BlackRock, Valkyrie, and Bitwise spot.
This problem of delays is part of the story of circumstances that influence market prices.
From the bitcoin price table every year, in October the bitcoin price movement is usually more positive. So, stay patient and hold on.

Not to expect Bitcoin to be able to break $35k-$40k this month, just enough to stay above $27k and tend to rise to break the price of $30k alone is good enough.
Bitcoin has 3 months to break the $30k price, if until the end of the year Bitcoin has not been able to break it, we will see the next bear market.

Bitcoin needs good news to push the price through $30k and of course, we will see it again later.
For several years October has been a reversal month, hopefully, this October will be Bitcoin's savior and make the crypto market rise again.

If we look at the historical logs, yeah it might be possible, but I don't think that we can simply rise to $35k-$40k in just one month. My conservative estimates could be around $30k at least.

However, market could be very volatile, so it's 50/50 that we might hit that numbers or not. There could be something big that will push the price to go to $30k though so it's important to see what will it be. Or another black swan event that might dampen the network and break the pattern of October right after the next block halving year.

Its a good data to collect .Its the data which are showing the positive results itself .We are really hopeful that the market will go up on October .I was just waiting for a positive move but have few doubt about to year end .My experience helping to say tgat i have seen all the year end crypto went bearish so if we see any pump on October we may see a dump at the year end .So very much thoughtful if i go for investment right now or become patient for the upcoming year .I just realy cclose my eyes on the chart and hope i get a decision on right time.

October could be the month we have expected to see the bitcoin market price rise from where we are currently to about $35,000 to $40,000 since the last days already have been showing some significant steps to rise as we've attained $27,000 already, if this is maintained then there's every likely possibilities that the bitcoin market may rise more gradually till we get there before the end of the October.

We would love to see a Bitcoin pump in October next month, but we won't know if it's a pump or whether the price of Bitcoin will stay like this. Everything is still a mystery and even though we have analyzed it based on the history of Bitcoin's journey so far, it also cannot give us a guarantee to see whether there is a pump or not.

And if next October there will be a pump for Bitcoin prices, I'm still curious about how high the pump will be. At the current price of Bitcoin, it would require a very large pump to reach $40k or even $50k. And it also requires a lot of positive news to push the price of Bitcoin up.

So we can only wait patiently and prepare ourselves if the pump comes in October. Hopefully, we will have a lot of Bitcoin to sell a little bit to take advantage of. But we can also save the Bitcoin for future pumps.

The bad September is over and looking at the history of October every year as you mentioned, we have the right to expect a green month for bitcoin. But don't be too subjective because there is no guarantee that history will continue to repeat itself like what September showed us. Personally, I want bitcoin to recover and the market to become more vibrant so I hope October will be a green month. But I also don't think bitcoin can surpass $30k, maybe bitcoin will fluctuate around the $29k, $30k area.

At least 10% pump incoming. October has been really bullish for Bitcoin so far and this year this bullishness will be supported by the approaching halving. On the other hand, the pre-halving year is mostly sideways, so it would be very unexpected if we'll reach $50k for example.

Despite the bearish sentiments in the market, i think the month of October will be the beginning of the positive momentum for bitcoin and this may continue toward the end of the year and also in the next halving year. The chances of bitcoin going below 24-25K will diminish as we move closer to halving.

Traders should focus on long trades as compared to the short trades and the best is that we don't trade at this moment. Just press the buy button and keep watching our money grow in the next 12 to 24 months.