Topic: Bitcoin Up Move Incoming (Read 555 times)

We must have to be smart in carrying out trading strategies and that is the real risk in short-term trading which is clearly visible, but in the long term we might be a little calmer.

related to price increases It is always based on demand which is very appropriate and if more and more people and institutions accept and use Bitcoin it means positive ecosystem growth so the greater the possibility of price growth.

Right, and that is the beauty of bitcoin, we can go back to those early predictions and compare it with the current price, and so far we have a huge run again and as per coinmarketcap, 1.x% in the last 24 hours, price is 37,600 as compare to 3 months ago wherein we have a hard time to crossed $28k and it was the biggest barrier.

Definitely, there will be demand short term, due to the fact that we are just several months for the block halving, which is the catalyst for the next bull run and eventual all time high again. So investors are going to flock till December and be ready and prepare to this very exciting event next year. And personally, I'm seeing the price maybe around $41k-$43k at the end of the year.

Its always basing up on the demand, no one really had anticipated that we are playing around 37k on which we are already anticipating that the price would be playing around 30k+ price and below but since it is really just that pointing or focusing with those sideways movement on which i couldn't blame out people on which we do really hesitate with these levels.  Bitcoin moving up income is something that would really be raising up
questions on when it would happen since this market is always been that unpredictable. There's no way that we could really be able to predict on whats ahead. This is why positioning yourself within the market
would really be needing that corresponding risk taking thing before you would be making out such step. You wont really know on whats next and there's no way that we could be able to tell.

This is why if you do go for short term trades then you should really be setting out Plan B's if ever A's would really gonna fail and make C for B and so forth. It would really be a never ending kind of
trial and error which is really that very normal for this market since it is really that truly random and there's no way that you could really be able to handle out on where
it would be going. Random results is there and this is why it would be common that impressions would really be that so much the same on each
person. Risks taking will really be someones different level of tolerance.

When this posts was posted it's over three months now and bitcoin price is accelerating, before now the price of bitcoin was approaching to twenty eight thousand before it collapse and fall to twenty seven thousand to twenty six thousand in which I believe that the price of bitcoin is increasing to extent of reaching twenty seven thousand today, so as of October 2023 may people who was predicting that price of bitcoin is increasing above expectations,  it basically base on the demands.

Bitcoin has surpassed $37K – only to fail to maintain value above it for much longer. Some time ago it almost broke $38K before a correction - but today bitcoin started testing the $37K resistance again which seems easy to break.

$40K is the most expected price towards the end of the year - it may or may not be achieved, but the odds and expectations are very good. Increased optimism about ETF approval will lead investors to buy more bitcoin and accumulate it in their long-term investment baskets - it will certainly create a huge price spike so that $40K is not a hard price milestone for bitcoin.

Be optimistic - the storm will pass. We are already in the initial bullish phase - but the price recovery has started since the start of the year.

Bitcoin's stance doesn't look that strong to me, I know that it went up about $10k or more within the last couple of weeks but it has since been stable around that price and hasn't been able to go above $37k which is the highest point for it so far this year and I feel like it won't be able to go towards $40k within this year as we only got about one and a half months remaining. So, I'm more looking forward towards the first couple of months of the new year.

The first three months of 2023 were pretty good for the market because Bitcoin went from around $17k to $32k within that period which was a pump everyone was looking for to regain some hope after all the unfortunate things that happened last year including LUNA and FTX collapses. So, I'm expecting something good again this time around.

The chart you have created seems logical, but sometimes such charts are illogical. However, I think that since the price of bitcoin does not stay the same, rather it starts a long bull market and the price increases a lot. And what if you plan to invest for long term then never invest by looking at the chart but be interested in investing from any position in the market. Also, I believe some of the predictions many experts have made about Bitcoin, but most of the predictions are wrong. According to some predictions are correct, if the investment is followed by the market movements, then it is possible to hold it in the future to make a profit. And since the price of Bitcoin is currently hovering around $36,000, we can expect the price of Bitcoin to rise further this year.

Bitcoin upwards movement is the identification of Bull run and if it persist for longer timing then surely there will be bigger pump which will reach the price of bitcoin to almost 45k$ very soon. Previously there were negative news about bitcoin that Elon sell all their bitcoin so people get feared about bitcoin rise but now if we are examining this boost then everyone's trust will be more firm because nothing can effect bitcoin forever.

In previous months the price touched the value of 26k$ which increase again after some weeks and now it is more than 37k$. If during halving the Bull run remains same as that was four years ago then the cycle of bitcoin will confirmed and no one will miss the opportunity of buying bitcoin.

From the graph it looks good and the cutting lines you made also make a lot of sense. BTC is now re-testing the middle line a gaint hopefully the selling pressure is reduced so the price can rise again soon the current price is $36,368.

I personally am just more confident in the price of $40K for this year, because we also need to see the level of price persistence at that price this year, not just an increase that only occurs briefly. And now we have also seen how the price of Bitcoin moved between $36K to $37K or still below $40K this month so my confidence in the next price increase for this year is only up to $40K. Although next year there is a greater possibility of welcoming halving in Bitcoin.

I don't know why you think the price will be so high this year. The main event that can affect the growth will be in half a year, it will be the halving. Right now, the rise is on the expectation of etf approvals. So it's just market manipulation right now. Of course, I also hope that the growth will continue, but I don't see big volumes.

It's just how the market works, I mean we went to $35k and then after 24 hours, we bounce back again and so with that, the bullish sentiments remain. Just a matter of time when we see another move to $40k, specially if there is a good news again.

Short term though, if we look at the sentiments or at least some predictions, the market is going to move to $40k or even more. Short term means at least the end of this year, it's going to be good to see the price moving to $40k-$50k at least.

It has already come, haven't we realized it already? I believe that we are doing fine and we should be happy with the situation, I agree that we can't get 100% satisfaction rate on investors and some of them will always be unhappy, we can go to 100k today and there will be some unhappy people, we can go to 10k and we will have some unhappy people and any price in between we will have some unhappy people.

There is no need to really consider them as normal, the yare not normal, just look at the common people and the general outlook of the market. I believe that most people are happy with the situation and we would like to see even more, I get that it may not be all that easy right now, but we are getting there and we will definitely reach to a greater point eventually.

I hope that it will happen quickly, it should definitely reach to a point where it should be getting to a bigger and better point eventually and get a greater return for sure.

I appreciate your optimistic attitude about the price of Bitcoin about to reach a new ATH at the price of $100k+++.
That is indeed the speculation of many people and is the main point of the desired Bitcoin price increase.

The crazy bull run you're talking about could happen at any time according to the latest news on ETFs,
but the halving cycle will also provide a strong boost for Bitcoin to go higher.

But also have to be prepared with corrections that will occur before the halving or after the halving.
Whales will certainly play the market first to get a cheaper price.
As long as the trend is still good enough and Bitcoin can stay above the $30k price, this is still a good chance to reach the $40k price by the end of this year.

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

And perhaps most people who are still willing to be patient will not immediately be afraid of market shocks before the pump occurs, because those who are very confident about a big pump in the market will still try to survive as best they can without being influenced to just give up their assets. The current price of Bitcoin is still not much different from last week so investors may not yet feel afraid to persist with the current conditions and will still be patiently waiting for a pump in the market.

28K is the current strong resistance since Bitcoin keeps pushing back hard whenever it hits that resistance but on the positive side, 25K and 26K level is still doing a good job for being a strong support to absorb strong sell-off pressure after a strong resistance. Bitcoin sideways is getting thinner and thinner which means there’s a strong price action coming either both side.

I don’t want exclude the possibility of insane pump to Bitcoin since bull run always come unexpectedly and in short notice. With just one positive news, Bitcoin price can even reach a 100k level with just a month since we notice already how strong the bulls when there’s a real positive news backing it.

Bitcoin is trying really hard to go above $28.5k but isn't being able to do that. It has tried more than twice, it went to $28.5k and now again it came down after reaching $28.2k which signals that $28.5k is becoming the new resistant and the market will now have to go across that area to be able to reach the least $31k which has been the most significant resistant this year which didn't let the market go anywhere above itself for more than 6 months.

So, seeing the current situation of the market, I also believe that Bitcoin wouldn't be able to go around $40k within the next two months and 3 weeks and we will need to wait to see what the new year brings for us, the starting of 2023 wasn't bad as Bitcoin went up almost $10k in the initial two months, but we can't be sure if 2024 will have the same positive vibes or not initially.

Either way a move is coming! The market looks confident for an upward movement and this is the right moment for manipulation. There will be a rally in the bitcoin market but it will not be that easy. I am expecting a correction this year to spread fear among investors. Whats wants to kick off the last of those patience holders who were holding all this time and thinking the bad time has gone. They will rally from here. This market doesn't give profits that easily. There will be a shake before the pump.

You see Fibonacci support level, I see Fibonacci retracement levels and if this is correct..

this is actually saying the price will pull back ~50% to 70% and then continue going down based on the given market structure, unless it breaks price at the 100% retracement. 

By eyeballing the charts, for me price becomes bullish the second it closes above $28500 as this is a clear shift of momentum which should influence more buyers to come in and push the price further up, otherwise we are still caught up in the bearish run,

Does he really have to? These are predictions, not promises.

Did Tom Lee justify himself after his prediction for 2018? He was expecting 25k at 10k and bitcoin went down toward 5k so he was like 5x wrong. Pretty much like if you'd say now that bitcoin is going to 60k this year and instead it went to 16k
All those smartasses like McGlone who in 2021 said that bitcoin is going to 100k but it went to 30k instead and then lower... Now the same guy is telling everyone that bitcoin will crash below 20k once more this year and some poor souls believe him because they don't care how wrong he was before. It's here and now that counts for them.


Pretty normal if you ask me. We'll need something big to move above the 200 like an ETF approval, Gensler being kicked out of his chair, a FED pivot, or something like that.
Some of these will eventually happen, just a matter of time.

Interesting formation today is the peak fell from the 200 day average to meet the 50 day average below,  if we remain in that gap bouncing between them I think it remains quite a bullish setup.   A trader I follow said the harder pullback was a better setup for a future rise because it wrings out the sellers before the buying later which is ideal for a larger move upwards, ideally we dont want to repeat BTC prices we want to break that upper ceiling to movements in price.
   We've been repeating since August 2 months already, we got these moving averages which are both important but also not real fixed resistance.  If true and they are just shadows moving we should be fair to regain 30k

Now I will show you where the Bitcoin Up Move Incoming was being prepared from.

Of course, bitcoi will rise, but not because of your “these charts and timeframes or Fibonacci levels”. And because the 4-year cycle is nearing completion, the reward for block will be reduced and the demand for btc will be boosted. This is "global", but "locally" it will depend on the information background and news, the demand for purchase.

How do you explain if your forecast doesn't come true? How will you justify yourself?

We have to remember that these are just made up stuff, not really a known thing, so do not trade based on just this thinking this is a knowledge. But I also agree with OP as well, a move upwards is coming, it looks like it could definitely get to a point where it could make some money. I am not saying that it is not all that terrible, but that doesn't mean that we are not going to end up with anything that would be all that troublesome. I hope that we could get to a point where it would make more sense, but that doesn't mean that we are not going to end up with something that would be impossible to arrange. If we all get hyped at the same time, we all could make it go up.

Every predictions we made were based on the present research taken on the current market status and the previous years performances, this is also what every cryptopreneurs leverage on because they understand the reality of what is invol in making an investment on digital currency and bitcoin in most cases than risking their asset on coins that have no much future plan to last long, this same digital currencies have brought in so many opportunities for the people globally and on the same way people targeted the market pump to make their return on investment whenever they buy the dip and hodl, we are expecting more of this bull market henceforth than the bear.

I wouldn't say the market is still bearish right now - but the market has recovered since the bottom of $15,500. Sideway is a conclusion I think is more appropriate between $26k - $28k - but I hope we test $30k again this time. Of course you can accumulate as much as you can - but make sure you have enough for everything you need instead of focusing too much on accumulation.

You can sell whenever you want as long as you make a profit - but the main condition is of course that you have those bitcoins in your wallet. Many people say they buy and accumulate - but I'm sure not everything they say can be trusted.

Yes - simply hold your bitcoins in a non-custodial wallet, waiting until you actually get your targeted return. We never know when a new ATH will be hit - but until then, prepare your portfolio well. If you have done it - then you seem to be ready for the best consequences.

Yes, as we are technically in the bear market still, it's a good chance to accumulate as many as we can. The lowest low in this bear market is about $15,500, and if we compare it the current price, it's almost double. But in the last 6 months, the price seems to be in the sideways. So for me, I buy if I have some budget in this current price and then HODL on it till next year.

This is what I'm saying, HODL for the long term. Although the block halving is fast approaching, we can still buy at this price and consider it at a discount. Because once we hit the bull run after the halving, the price couldn't be stop and we will go on another parabolic spike similar to the last bull run we have and then we should be looking at what will be the ATH in the next 2 years.

Based on this chart it letting you know that know that the market of cryptocurrency is something that is going to be promising and it will propagate in time coming but its fluctuating for increment and also on decrement, what I really understand in cryptocurrency and especially bitcoin is that you have to look into the market very well before you conclude basically.

The chart is showing in another way round that bitcoin will increase because the candle sticks is showing more of positive than the negative so therefore their is every tendency that the price of bitcoin will get accelerated quite a little but not in the aspect of having ambiguous kind of bitcoin price, so bitcoin price is what I believe that it will rise unexpectedly in 2024 but showing the signs of increment in 2024.

I compare it to as close a time frame as possible so they understand it correctly. Doubts always exist on the part of those who don't yet fully know how the markets work - but that's not the case for those who already understand the markets and have been in the markets for several previous bullish periods.

We all know that there is good potential for bitcoin in the future, especially in terms of price. Buying it now is the recommended option - but if they don't understand it properly yet, then the best advice is to keep learning it. Good opportunities don't come along all the time - so I really force myself to take advantage of them even in small portions.

In another sense - they deceive themselves without getting any return.

Not only compared to a few months ago, also, if we look forward for the bull market kicking in, the current market price will be really too cheap because in the next couple of year we might witness another record breaking ATH.


Rightly said, it would be an empty word if one keeps on telling people to accumulate when the person themselves doesn't have any holdings of what he is preaching.

The market is still sideways - so it is always possible for you to make an accumulation effort.
I agree that the current price of bitcoin is still too cheap compared to a few months ago - so take advantage of this momentum to get a lower average cost if you have the budget.

Buy now and hold for the long term - after that you can expect ATH. But on the other hand - if you don't have anything in your account, then I don't know what you are talking about even if there is one truth being said.

The future of cryptocurrencies, like any other future, cannot be accurately predicted.  But that doesn’t stop crypto enthusiasts from speculating about where Bitcoin will go.
Large-scale growth must have a serious reason, or better yet several reasons at once, including mass popularity and market euphoria.

The market works like a Magic actually because sometimes an event can just happen without us expecting it but I understand that there are also times where the movements are way too slow or it is only stable. I don't really find it as a disadvantage but it was actually great because it doesn't make us feel bored. The " Development " word seems positive so I think only a rise in the price are a cause of it. That's right, price works based on supply and demand, but if the project continues to develop, the demand for it also rises because people are happy about it. We already reached $28k before but don't worry as we can reach it again easily.

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

This is something that many people are ignoring, people are just waiting for the halving to happen but forget one thing: the bull season only comes 1 year after the halving takes place, bitcoin will not increase in price immediately when the halving ends. Therefore, people mistakenly think that the closer we get to halving, the more bitcoin cannot correct or decrease in price and the market will only go up.

Yes, the price is fluctuating around 25k-30k, and many people think it's boring, but actually, the price is stabilizing quite well because there are no major corrections happening. $30k, I believe bitcoin will breakout this month but what happens after that is hard to say. Because as you and I mentioned, bull season will only come 1 year after halving, meaning we are still quite far from bull season and many bad things can still happen.

Halving is the most awaited event at the moment but it will take year or a half before we can see price going up. This speculation is based on last two halvings pattern. But the good thing is we see stable price for few months now and this is very positive sign. There were few dips and price went down to 25k$ but it recovered back well. 30k$ is a strong barrier and is not allowing Bitcoin to go pass. This will be another attempt for Bitcoin to cross 30k$.

The DCA strategy can be used at any time, it is just that like any other strategy the greater benefits for a long term holder will come when you buy for the cheapest possible price, and I still think the current prices are a very good entry point for those that want to obtain significant profits during the next bull run, however we are getting to the point in which the time is running out, and the people that want to buy bitcoin needs to start now or they risk buying most of their bitcoin when the upward movement takes place and pay more for their bitcoin than what they could have paid for if they took the decision to buy it earlier.

Bitcoin movements is not in the upward direction. But what I don't know is how much upward the price will move. The bitcoin price actually consolidated last month and this actually the month of upward movement.
October may likely give us a support at 28k and if we achieve that, further movement upwards is eminent.

This is actually a time to be very close to the chart because big drama can just happen within a short time

IMO I don't think nothing stops someone from accumulation through DCA even as it is looking like the price is getting ready for bull. In fact, it is the best time for accumulation at times like  this because it gives quicker return for the short time buyers.

That apart, the sentiment for the price is hanging on bull with the appreciation of last month and the continued steady ride up, the stronger hands have kept hodl and those who are short time investors also hodling in expectation for next year.

Not ahead because the price are still minimal or the increase that have occurred lately was only tiny. If it's about us regular people, there is no way for us to be ahead of the market because we don't know what is approaching ahead.

Maybe the ones that are ahead are those big guys because they can use all their money to gain an advantage before the rest of us knows it. October is just starting and even though the sentiment seems positive I think I haven't seen the price to recover at $28k yet but it was only at $27k. How I wish we can break $31k, as it was always the dream of the many and maybe that can continue to at least $50k this year. That is still a nice bump.

The situation is still uncertain but if the current momentum stays, will get high again back to $30k. Well, I haven't expected the strong support but the chart something shows us the reverse trend of the market after a few months of a declining sentiment. I know this is just speculation but I am positive that we are all in the rising sentiment until the year ends. Well, I guess the accumulation time is over as we are heading to bullish again before halving.

Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.

The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.

Let's hope that happens next month. But before that, we must wait for it to come and prepare your Bitcoin if you want to sell it. But if your target price is still high, you don't need to do anything and can still buy more Bitcoin.

I am still waiting for the price to increase. My price target is still far from achieved, so I don't expect too much. Meanwhile, buying more Bitcoin means we have prepared ourselves.

Now, the situation is better than before, where a green candle is coming to the market to increase the price. We will see if the price can break through to $ 28k- $ 29k at the end of this week or jump directly to $30k. But if the price experiences another correction, we can use it as a moment to buy Bitcoin again.

I don't think is yet time for the price to go above $30k and stay rising as the case maybe, in this month it only went up to $28k ones and now we have it at $27k, I feel the market price is not ready to get to $28k yet like is too early.
And I think $28k upward would be coming let's say next week but as for now $27k would be the price the market would give us. But it still doesn't change the fact that $30k is expected before the end of this month and I feel it might happen on the last week of this month, since the market is some how tricky.

I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.

The flag formation from that chart could be taken as bullish.   However its safer to wait for the break and the move up from that flag, not every pattern completes as per the handbook the world just isnt nice and neat like that.    We are in a little box and we can take the negative or positive from leaving either side of that box as a indicator of wider picture:


The 50 day average did just turn positive in the last few days, a nice match to the hopes and dreams in this pattern.  I do think actual action tends to be messy, a bit muddy but I agree after a downtrend we are due some bigger rise.  I dont yet think its the greater move many are waiting for.

At this point, it feels stuck just a little bit higher. It used to go above 26k and under 26k and keep doing that, nowadays it feels like it goes above 28k and under it and keeps doing that. It is still a good thing that we are doing it at a higher level, but it doesn't feel like it is going to be all that easy at all, we should be a lot more careful about it. I know that it will take some time, but we need to do this with 30k already.

We are on the verge of going higher if you ask me, we tried to go up and failed, but we tried to go down and failed that too so there is nothing to fear. If it keeps like this, then I think going higher is easier, convincing people to buy bitcoin is far easier than convincing them to sell it.

Currently or at the beginning of this month, Bitcoin is still doing quite well with the price not being as bad as the previous month. So we can expect better improvements this month, although not faster because momentary corrections still occur even though this is only limited to very ordinary market performance. But it would be logical to expect Bitcoin to return to $30K within the year with a slow increase that could strengthen it in that area before the end of the year.

October is statistically the best month for bitcoin, but there were still exceptions to the rule when October was bloody. Just like September was usually a bad month, but this year September turned out to be green. Hopefully the inversion won't happen in October.

personally I think his charts comply with my miners relief rally patterns.

Check Oct 2015 to April 2016 rally into the 1/2 ing

we had a good move up starting with 33% in Oct 2015.

that would be 27k to 36k for oct 2023.  So I am hoping both of us are correct.

From 28k$ to 30k$ is not a big gap, only 2k$ difference and nothing compared to bitcoin. I am the opposite of you, I even believe that bitcoin will reach 30k USD in the first half of October and then there will be corrections. In the medium term, I still have the feeling and believe that bitcoin will have more corrections than increases even if it hits $30k this month.

As long as the bull season has not come, it will always be a good time for us to buy and accumulate bitcoin. Even if bitcoins exceed $30k, don't hesitate to collect more bitcoins for yourself. Because once the bull season arrives, we will no longer see bitcoin priced at $30K.

The market will definitely remain as volatile as ever whereby it rises and also falls, but the rate that it occurs will determine the side it will be vested more upon, this month will go more bull to the extend of breaking the $29,000 limit and resistance and we may probably have more than we expected to see during this period.


The whole process happens gradually, it's not what took effect immediately or just at ones just as we found the market gradually rising from $25,000 now to about $37, 600

I believe that the failure to keep going up and failure to keep going down is the reason why we have a smaller volatility between these prices.

We try to go up and then we end up with a limit and then we end up with failing of it and should not be all that important so that means that we are going to end up with something that would be a bit harder to handle, I get that it is not that simple and we should not be really expecting any big changes. So if we fail to go up even more, what does the price do? It goes down, that's the only result that we will get, and it is not going to end up with anything different in the future as well.

As long as we try to go up more and more, we are going to end up with a result that would be not all that successful and not going to make it change anytime soon. We just need to end up with a result that is more and more to keep it going, if we can keep it going then we are going to end up with a result that should be better.

I still think that the price movement will still be sideways during this month of October even though there may be a slight price increase.
But to immediately jump to the $30k level, it looks like it still takes more time and it could happen next month and throughout this month, the price will not increase drastically.
But if the price can rise this month and reach $30k, it seems like that would be the right moment for bitcoin so that it can continue to increase in the following months until the end of this year.
Everything is still a mystery and we can only predict it while waiting for the time to show us what happened.
This month is still a good month to buy more bitcoin because the price hasn't reached $30k yet so people can take advantage of it before a higher price increase.

There are a lot of resistance along the way, even if we get passed the first resistance at $28,1xxx, there could be rejection along the way similar to what we have been seeing throughout the last six months or so.

And with that there will be resistance along the line of:

(a) $28,4xx
(b) $28,7xx
(c) $29,2xx

RSI though is still in the middle ground, so it means that we have a lot of leg room to improved and maybe hit that $29,xxx-$31,xxx is everything goes well for this month of October.

I'm not expecting $50,000 till the end of this year though, IMHO.

We are much ahead of the market, and the Bitcoin market has started to grow. In September we saw the Bitcoin market drop to around $24,000. But from there some amount of pumping moved again between $25,000 and $26,000 where Bitcoin was fluctuating. But when the new month of October begins, we see some change in Bitcoin. The Bitcoin market pumped from $26,000 to $28,000 again at the start of October. Following that we can be sure that the market can cross $31k this month as we will see if the market starts pumping. We can expect that the Bitcoin market will go well this month and we can expect the price of Bitcoin to hit $50,000 before the halving this year.

That's right. If we take a look at what happened around a month ago, the price even fell down to $25,000. Now that it has gotten back to $27,500, there must be an upward movement. Yes, slow, but could indeed be a trend as we are approaching the final months of the year.

But this doesn't mean the month of October would be about $30,000. We don't even have to talk about that resistance level. It seems the formidable resistance right now is $28,000 which is followed by $28,500. That's why I'm expecting the price within the month to just be moving sideways along this range.

I'm also in agreement with the target price of 29k point of resistance after the breakout, which is in line with the 0.66 of the Fibonacci retracement, but I would have loved to see two or more daily candles closure that followed up the breakout candle but unfortunately what we got was a follow-up daily bleeding candle with a long wick thereby forming a mini resistance or barrier at 28k, Now there is a possible chance that the price may reverse in this zone without first hitting at 29k or need to gather another momentum to smash out the point.

It does look like the price wants to go up. We are having a small spike at the moment, the second in the 5 days so far this month. I think it would be about time to go above $30K and stay above it. The pre-halving months there is usually a rise that looks like it wants to reach the ATH but never reaches it, only to come back down and start a proper bull run after halving. Hopefully this is the start of that first move up.

I am quite optimistic about the price you mentioned, even a strong resistance line is visible this month. In my opinion, it is the right option if we continue to take advantage of this condition and buy at some point of correction for long-term options. Personally, I rarely check the Bitcoin charts every day, at least when I want to accumulate and determine a position to buy.

Seeing the movements of the last few weeks made me take a deep breath and find it difficult to determine the purchase point. Issues that affect the price are still pending so at some point I try to wait for the right time to buy.

The current market action in 7 days can be seen that the graph starting 1 Oct is already above the price that occurred in the last four days of September. Market price movements don't just happen like a magician performing an act in public. Market price movements and declines can occur in different ways depending on how much demand there is.
Developing news is one of the causes of rising and falling prices, but basically rising and falling prices really depend on supply and demand.
The bitcoin market is currently trying to reach the $28k price support. If sales levels are still high, it is difficult to increase.

Yes more green candles are surely expected this month. After one or two weeks, the outcome can be seen more clearly. The chart provided by the OP have some mixed results to be honest. But yes as we can see some great green candles, so it will lead to positive news only. Moreover we also know that next year will be the most important year for Bitcoins, so yes by the end of this month Bitcoins have to cross 30k usd mark. Let’s hope for the best now.

It's perfectly fine for the price to get back to 30K USD. The problem is that there's won't be any support for a price pump above 30K.
At 30K many traders and some HODLers will start selling BTC, which will push the price down to 25-27K USD.
A small price pump with 2-3K dollars isn't such a big deal. Bitcoin is volatile and such price pumps and drops are something normal.
I don't expect any major pumps in the BTC market by the end of 2023. The market will be pretty quiet, unless there are some bad news about Binance or another big centralized crypto company goes bankrupt.

That is the best question, we have twice or thrice reach $31k, but it seems that we can't have that sustainable run. It seems that short term speculators are making a sell in this price point, just to get some profits. So obviously, the price goes down hard again and then we goes on a another months of moving on a sideways pattern. But we can't do anything about it, I mean we are in the bear market so the chance of another great sustainable run is slim. Although if we look at bitcoin's past historical logs, October seems to be a good month and it might coincide with the technical analysis of the OP.

Yeah, volume is weak for this run, however, it's good that we have seen some movements above $27k or even as far as going to $28k. So I guess the first resistance level will be $28k and if we go there, we will have to see if it can maintain its course or totally collapse again as just like any other retest that we have in the last couple of months.

We need to be very cautious, but for long term holder, I think still good to do and continue our DCA. But for short term traders, it's going to be very difficult on how to squeeze some profits down the line or at least for this month alone.

There's a high possibilities that this uptober you called happen if there's big event awaited by many investors and since halving is coming for sure this is the event where people think about to accumulate. So maybe its slowly starting to happen that's the reason why we see some upper trend movements towards bitcoin. Although it price reverse a little bit but I'm confident that we can see more of it and maybe it can break to $30k on next month.

Month of November and December maybe an exciting month since this might be a deciding factor by majority to see if they can see some good price to set on next year since if good actions happen in this month maybe this is one of the reason why a bull run will be triggered to happen on first or second quarter next year.

If I'm not mistaken among the crypto community, usually the month of October is often called Uptober, which is proven by the October cycle. Indeed, there were several Octobers that were in fact bearish. Regardless of the basis for this increase, I think the speculation out there is a reference to the tradition that investors in October always show aggressiveness in accumulating, whether in Bitcoin or altcoins. I hope that this trend really happens, provided that we also need to prepare ammunition to take advantage of every increase or decrease that occurs. Bitcoin adoption continues to skyrocket, indicating that Holdling preparations are increasingly promising.

There is a slight, almost imperceptible upward movement on the charts, but it is too weak to be called a trend or even a correction, the 30k resistance level has been a formidable opponent and most likely this is going to remain the case for a long time, and while this could be exasperating for traders, this is great news for long term holders as they can buy bitcoin for a relatively stable price on the upcoming months and prepare themselves for the upcoming halving.

Those aren’t fib levels, the main fib levels are 0.382,0.50,0.618,0.768 etc. I have never seen anyone use these fib levels.

Also fib doesn’t work well for crypto I find. It might work long term such as daily or weekly but on a lower time frame than that it doesn’t work. It works best for stocks usually on the higher time frames.

Price movement history.

From 2019-2022, the price of Bitcoin during the month of October always goes up month to date, so there's a high chance that it will happen again this month. In the last 13 years, 9 times Bitcoin has gone up during the month of October. Bitcoin must surpass the $30,000 price resistance, so that we might see something different towards to it. I mean Bitcoin has been moving sideways for quite some time already. Many are just waiting for some catalysts that might've push the price either up or down. Well, we're only a few months away from the Bitcoin halving to happen (estimated to happen in April next year).

The bad thing though is that, in the last 2 years, the price of Bitcoin during the month of November, and December is down. I will not be surprised if it will happen again this year, but nevertheless, I expect a bullish movement towards the price of Bitcoin at least this month.

I think, $31,000 is possible for investors to see because the market is still displaying green candle to keep investors hope alive by continue holding their Bitcoins for that particular price of their choice to come to pass when the price hit higher. Based on what am observing from the chat, show that bearish season is about to disappear from the market for bullish season to roll in for those that invested in a low price to begin to get ready to supply when the price increase higher again. Since we have experienced $30,000 in this year 2023, I believe something good will definitely happen before the end of December that will make investors to accept that next year will be a massive bullish for both long term investors and short term investors.

Reaching the $30,000 level is very important before the end of the year. All Moving Averages give a strong buy signal, which means that we will test 31,400 again, but given the state of the economy, the momentum occurring, and the lack of new variables, there is nothing that leads me to believe that there is something different now from what happened in 13 /July, where the price approached 31,500 before returning again to decline.
We are moving away from repeatedly touching the bottom, but it is not a bullish signal yet.

This is the daily time frame. Zooming out a little might suggest us a different possibility. I am not expecting a breach on $30,000 anytime soon, not even within the month. But I hope I'll be surprised. The month opened with a bullish note. It was just the second day of Uptober when the price went beyond $28,000. There was a correction immediately after that. The rise wasn't sustained. I was expecting that. Hours ago there was another attempt to be back at $28,000. It wasn't successful. I'm expecting the price to just dance around this level.

Longest term trend I have is a channel and we're near the top of that channel right now which means I think we'd have to break out and out perform prior BTC action for the last year or so to do immediately better in the price.   That is possible but Im also looking at negative markets and wondering for the motivation on BTC doing better then that negative backdrop.   I wouldnt guess on stellar performance just yet,  I think if we stay in this area thats our positive move because often we lose gains so I would like to just retain them.
  Draw a line in the sand at 27314 and if we keep above that level as our daily closing low, call it a positive market.  As for how well we do I dont know but I do think still quite a bit more neutral then people hope for.

I hope you are right. I was expecting to end the year closer to $40K so I would expect an upward move to happen soon. It seems like the price isn’t following the hype with the halving in the way, but it is still a little bit early. Once the talk around the halving gets louder I think we’ll see increased investment and a rising price.

We are gradually climbing out of the resistant levels and since the last two months the price of Bitcoin has been forced to stay down throughout the period with a lot of attempts to break even in the downtrend manner,  but thank goodness Bitcoin was able to make another market mark since the beginning of this new month of October and this is something that we must commend the market for such a positive outlook for this month and if all things being equal,  Bitcoin may make a new market benchmark mark that may see us even moving above the most speculated price limit of 31k that many analysts are predicting for the month of October.

So let's keep our fingers crossed to see what becomes the outcome of the current market realities and how best we tend to handle all of that stuff as regards to bitcoin market and its speculations,  and how best we can fake position either it is it buying or selling position and we apply the DCA techniques.

This could be the start of the reverse trend, and Bitcoin needs to sustain this momentum or else another false breakout. Let’s continue to monitor the price trend because we might see more green candles this Month as most of the indicators are showing a great uptrend. If there’s more good news to support this then we can easily reach that $30k mark again.

I expect it to be a fake move. For me this early month of October coming to early November, we might see price still trading lower. And then late November coming to December would be an upmove. For me we're still in a bearish trend. unless there's good economic news that would drive BTC's price higher to $32K with a fast bullish candle, only then I can tell that my initial analysis would be wrong and more likely to be on the upside.

That's how my analysis works. Embracing uncertainty. If this..then this... We're only adapting with the current market condition.

Each analysis has its own probability and it cannot be determined only from a technical analysis.
There is no 100% probability, that every analysis will definitely have some errors or discrepancies with the current price reality.

There will be other factors that affect the probability of an increase in bitcoin prices such as Fundamental Analysis,
government regulations and several other influences.

You may rely on long-term investment, it is the best and there is no need to read the chart in detail.
All you need is to enter at the right time and then hold with a certain price target and certainly have money reserves to buy back.

But be aware that every investment or trade has its own risks.

Seeing how the Bitcoin market conditions in Q4 are currently, it is quite optimistic that significant price movements will occur soon.
October will be a reversal month that could be the beginning of Bitcoin reaching ATH again next year.

news that appears out of the blue and changes the fate of the market, called a "black swan", is an unpredictable phenomenon that no one ever includes in statistics because it is unpredictable. The probability you are talking about, which you see in the analyses, relies on statistics (e.g. A falling wedge is a technical analysis pattern with a predictive accuracy of 74%. The pattern can break out up or down but is primarily considered bullish, rising 68% of the time.)

In other words, when someone gives the probability, it is not because he predicts that an unpredictable phenomenon may occur with a 30% probability XD

I also think that we're coming back towards 30k, although when people start saying that we're going to go to this or that level, it usually doesn't happen.
When we were at 31k, people were talking about a bull market and 40k, but we went down
When we went back to 24k people were predicting a fall to 22k because if we used to be at 24, failed to start a bull market, then we must be going lower, and we know how that went
Now we're going up and people are certain we'd go back to retest 30k, but what if we won't because those that manipulate the markets are waiting for enough longs to be set so they can liquidate them?

I know, I'm a conspiracy theorist.

What degree of probability do you assign to the rise? Charts, however logical they may seem, can always fail. I tend to think quite probabilistically, even though I don't rely on charts as I invest for the long term, but I trust someone's prediction if he gives a percent estimate of the next market movement according to his analysis more than someone who says that the price is going to go up for sure, which would be the same as assigning a 100% probability. We have to think that there is a world outside the analysis, and a negative news can pull the price down.

It showing many indications as well for more of rising than falling this current month and the market is particularly viewed to go from henceforth from now more higher than dip, there's a rise to move closer to $28,000 and from there still move ahead when the resistance is held and we get back to $30,000 and more consequently, this October is a month of market pump than dump and this will also be a profitable season for those who recently buy because there will soon be a massive shift to rise the market more high than before and the resistance against such is weak.

This looks good, beside Fib, the short-term downward trend that has been going on since June has been broken. It should be noted, however, that the movement is not supported by volume, and there is strong resistance ahead at the levels 28.5k-29k, which may constitute the frame of the H&S formation.

So we have to be careful, but the situation is certainly better than in recent weeks.

As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.



Let me know what do you think is about to happen.