BTC Sentiment Poll for October - page 4.

Jating

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Quote from: jasonjm on October 08, 2023, 09:23:56 AM

In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

I think the consolidation around the $27k price is just a week or two. So it's not that we are in this price range for a long time. But it seems that October will remain a good month for us, at least if we look at past historical logs this is the case and hopefully the pattern will stay like that. But I do agree that crossing $30k is very difficult. Hopefully at least the target range will be $28k at the end of October and then we can maintain on that price range. So that at least in the next two months, it will be a battle whether we can finally break $30k for this year or maybe top the highest high this 2023 at $31,500. And then somewhat entering the halving with good positive momentum that might result to a rally and the eventual bull run in the second quarter of next year.

Falconer

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Quote from: jasonjm on October 08, 2023, 09:23:56 AM

In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

So far I don't expect $30k to be broken, but I believe the resistance will be tested if bitcoin is able to maintain the price of $28k as strong support. In fact, after $28k broke several times during the first week, we still find that the price is still difficult to hold for much longer. High selling pressure makes $28k difficult to defend, but I still believe that in the second week $28k will likely be good support.

A market recovery will clearly be sorely missed regardless of how much time it takes. $30k is certainly the strongest resistance at the moment, but it will be well tested if selling pressure is not higher than demand. I'm still very bullish for bitcoin this October, but not for break $30k.

jasonjm

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In October, there are chances that we might see some green candles. The price has been consolidated around $27k for the past few weeks, and chances are that a slight upward moment toward $30k is on the card. Crossing $30k in October seems far-fetched at the moment, but the market might surprise everyone. Overall, I think the market sentiments will remain positive.

KingsDen

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Quote from: Yamane_Keto on October 02, 2023, 08:14:01 PM

After Bitcoin rose by a good percentage at the beginning of October and the presence of optimistic historical data this month, we can say that at least we will test $30,000 and $31,704 twice, and this optimism is accompanied by some technical analysis indicators such as the Relative Strength Index (RSI) to 70 level. The problem lies if its price breaks these levels, it may invalidate the bullish candle, especially if we continue to close below 26,700 for several days.

Bitcoin price was due for 30k last month but September wasn't the best of could be, so nothing special really happened. I can say that the upward trend was merely delayed and pushed to this month as there seems to be a great sign of improvement in price this October. The bitcoin price has touched 28k twice and the next effort may likely push to 30k.
In as much as bitcoin has stayed in this price region for so long, I think buying continuously wouldn't be a bad plan. Bitcoin is still very much on discount price for now.

fzkto

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Quote from: Nrcewker on October 07, 2023, 09:11:38 AM

Quote from: pooya87 on October 01, 2023, 09:28:39 AM

We've had enough red this past year that it is time for seeing some green candles now. Although we don't yet have the momentum but the potential is still there. Not to mention that every day when the market manipulators fail to push the price down despite their dumps, is a day where the buy support gets stronger Tongue

This year disappointed us a bit. September was average, not good nor bad, it was decent for many crypto traders. But now as we are moving towards 2024, so many people will start buying the coin. This will lead to increase in demand and hence the price will definitely go up. So yes we might expect that from late October onwards the price will go up till the December. Let’s see what October shows us.

It's your assumptions that people will start buying and there will be high demand for bitcoin. Yes, halving has always had a positive effect on bitcoin, but we don't know how it will be in the future. About September, it turned out to be green despite expectations. I hope October will be green too, as it was in previous years.

Nrcewker

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Quote from: pooya87 on October 01, 2023, 09:28:39 AM

We've had enough red this past year that it is time for seeing some green candles now. Although we don't yet have the momentum but the potential is still there. Not to mention that every day when the market manipulators fail to push the price down despite their dumps, is a day where the buy support gets stronger Tongue

This year disappointed us a bit. September was average, not good nor bad, it was decent for many crypto traders. But now as we are moving towards 2024, so many people will start buying the coin. This will lead to increase in demand and hence the price will definitely go up. So yes we might expect that from late October onwards the price will go up till the December. Let’s see what October shows us.

taufik123

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Quote from: sheenshane on October 03, 2023, 07:59:19 PM

I tend to agree, there are a lot of predictions right now. Just recently researched the Bitcoin price predictions and seems all of them have different results upon speculating the market.

Usually, at the end of Q4 Bitcoin price will always have a spike which I think will happen again.
But I don't know if this October will even reach the $30k price which I think will happen in November and continue climbing up until Q4 ends.

Speculating is free and the way one analyzes is different.
Although there are differences in price predictions, all of them lead to bullishness that can eventually reach ATH.
I can say the average trader predicts the ATH price of bitcoin above $100k and that will be the most awaited price point.

October is also called Uptober and notes that the expected Bitcoin rally will soon be fueled by ETF approval and bullish sentiment in preparation for the upcoming Bitcoin halving in 2024.

tokeweed

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Quote from: JoyMarsha on October 01, 2023, 04:28:35 PM

Every year, the month of October seems to be a "green candle" month for bitcoin, with skyrocketing prices. Calculating the rise in bitcoin's price from 2013 through 2022 reveals that October has historically seen a significant price increases. So, October this year won't be an exception to that known fact of price increase of bitcoin

Quote from: usmanghani010 on September 29, 2023, 02:11:56 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 → ?? %

Before the month is over, I'm hoping that the price of bitcoin will surpass $30,000.

But it could also mean that it's due for a red candle. Lolol. Kidding. Cheesy

I mean yeah... Higher odds that it's going to end higher ar the end of the month. It kinda faltered a bit when it was sold down from 28.5k or so but we're still a long way off from the end of the month. There's a lot of time to recover the lost ground and gain the momenum back and get it above 30k... At least that's what I'm hoping will happen.

Anyway, FJ has this price prediction game for BTC called DeMates. It's free to play.

https://fortunejack.com/promotions/DeMates

justdimin

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Quote from: tokeweed on October 01, 2023, 09:06:36 AM

There's nothing much to say except that BTC really was due for a green candle for September. Grin

It wasn't really a huge candle, just a tad below 4% but prolly be good enough to start something that could gain momentum for October. Hence the the poll... Adding a 30k option to the upside. Wink

I mean who knows...

Anyway, here's the monthly chart. Looking decent, looking like a higher low... Dunno.

Considering the situation that is increasing lately, that should be very important. Sure it has gone down for the time being and under 28k right now but I think it is going to end up with something that would be helpful for the time being. That means that we are going to reach 30k+ because we are at early stages of the market when you think about it. We are very very early of the October, not even a week is gone and we are going to make a profit this way.

We should consider it something that we could profit if we are careful about it. I understand that the best thing we could do right now would be 25+ more days to left and that is going to be a lot better. I get that it is going to be much higher, and 30k+ is definitely possible when you think about it, so we could definitely see it go up a lot more tis month.

sheenshane

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Quote from: taufik123 on October 03, 2023, 07:46:17 PM

Bitcoin is currently entering Q4, which is the last quarter of 2023.
the crypto market is filled with speculations and predictions, with the main focus on Bitcoin price.

I tend to agree, there are a lot of predictions right now. Just recently researched the Bitcoin price predictions and seems all of them have different results upon speculating the market.

Usually, at the end of Q4 Bitcoin price will always have a spike which I think will happen again.
But I don't know if this October will even reach the $30k price which I think will happen in November and continue climbing up until Q4 ends.

taufik123

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Quote from: retreat on October 03, 2023, 11:44:13 AM

My prediction is that Bitcoin price will break from $30K and it will stay like that until November. It seems that we will be in a sideways position for quite a while until the end of the year before the halving starts and that's where Bitcoin will start to be aggressive.

It could even be more than $30k or could reach $40k if the market is in good shape and supported by positive fundamentals.
We will wait for the point where Bitcoin can break the $30k resistance and sideway above that price.

Bitcoin is currently entering Q4, which is the last quarter of 2023.
the crypto market is filled with speculations and predictions, with the main focus on Bitcoin price.

Throughout 2023 Bitcoin has made history.
The year started with bullish momentum that saw the major crypto jump more than 91 percent from its opening price of US$16,541 to US$31,804 in July.

Whether this year will be a sustained bullish momentum for Bitcoin so that it can touch the $40k price by the end of the year
and will be a new foothold to reach higher prices in 2024.

Ndabagi01

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This is another hopeful month for most bitcoin enthusiasts that bitcoin will remain bullish throughout the month, even if a correction occurs, it will be brief, and the bullish trend will continue. As we approach the end of the year, and also the year when the halving will occur, many will anticipate that bitcoin will rise gradually before a major bull run. I believe that a bull run is on the way, but given how the market has performed this year, a price above $30K by the end of this month is unlikely. If the price of Bitcoin remains in the $27K-$29K region until the end of October, I believe there will be a price increase in the next month, which will have a more bullish market than the previous month.

Mpamaegbu

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Even those self acclaimed trade experts who predicted bearishness for Bitcoin are making a U-turn and tipping the bull to take over. Months ago, I maintained that the last quarters of this year will be bullish (we're yet to see the real bullishness, though). What informed my opinion is the fact that the last quarters of the year leading to Bitcoin halving is always filled with optimism. It's this optimism that kicks up the greed index. That's what we're about to witness now. However, if price doesn't push up immediately from here, I won't panic. I know it's momentary price correction because the overall trend for Bitcoin going forward is bullishness till 2025. That's my bias, anyway. It's not a financial advice.

retreat

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My prediction is that Bitcoin price will break from $30K and it will stay like that until November. It seems that we will be in a sideways position for quite a while until the end of the year before the halving starts and that's where Bitcoin will start to be aggressive.

GeorgeJohn

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October those not matter tye determination of bitcoin price, the thing is that since last month bitcoin has been fluctuating from one point to another point in which I believe that bitcoin at point is be expected to have more of green candles, but base on the chart of bitcoin I believe that their is every tendency that bitcoin will have more dominance in teem of increment and decrement, currently the chart the movement of the candle sticks is showing a little positive to indicate that bitcoin is gaining small green, but from my perspective I wasn't expecting any positive in bitcoin marketcap currently until 2024.

Vispilio

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Most of the altcoins were hurt in September, BTC was very stable and finished a traditionally bearish month about 10% higher.

From here onwards, the outlook is very strong for Bitcoin till about 1 year after halving, barring any political bans and aggressive litigations, I expect the rally to continue throughout October and sustain till end of the year...

michellee

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I don't know whether the price of Bitcoin will increase in October, remain at the current price range or go lower or higher, or it could even drop drastically. Moreover, we are still in early October so anything can still happen. We can only predict and guess where the Bitcoin price will move but we need to know the truth.

But if you look at Bitcoin's movement yesterday which reached 28k, it seems like a sign of an increase in the near future. But we still have to be prepared for everything that could happen. Maybe something will happen this October.

But we all want Bitcoin prices to be bullish and to break $30k this month. Hopefully, that really happens so we can breathe easier and be more enthusiastic in waiting for the next high price increase.

LittleBitFunny

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Quote from: FinneysTrueVision on October 03, 2023, 01:24:24 AM

After starting the month off with a nice pump, I feel October will be bullish for Bitcoin. After remaining stable for so long anything above $30k seems overly optimistic. $28k and above seems very reasonable. The U.S. avoiding a government shutdown should have a positive impact on investor confidence. Bitcoin whales are continuing to accumulate so I anticipate upward momentum as we head towards the halving.

You mean the news about the US government not shutting down in recent days has had a positive impact on bitcoin prices? Honestly, I don't see any connection between the two and no one cares. Moreover, have you ever witnessed a US government shutdown or is it just news and always approved at the last minute? It's just a farce and people are so used to it.

Many people are also trying to find the reason why bitcoin price increased yesterday. But in my opinion, that is just the evolution of the market as we have been decreasing and moving sideways for many months. Bitcoin price increases are normal in the market.

LogitechMouse

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This is the yearly performance of Bitcoin for the Month of October.

The point is that, in those 13 years, 9 of them have positive percentage return for Bitcoin (blue green), so I expect that we might see the same this year. Base on history, October has been a good month, so I guess there's a high chance that we might see Bitcoin's price go higher than it was in the previous 2 months. I'm always optimistic whenever we are in the final 3 months of the year, so I expect that Bitcoin's price in the next 3 months will go high. We might see Bitcoin's price go higher than $30,000 TBH. I believe the Halloween effect, and the Christmas season will have an effect towards the price of it, but as for this month, I expect Bitcoin's price to reach $30,000 for the first time in the last few months.

_Hiloveua_

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I think Bitcoin will have a good time this month. Because as the month of October falls, we can see that Bitcoin is pumping well. But if you look at the prediction of Bitcoin, it is understood that it is standing at $27k. Expect to break out of $30k in October. I am currently investing some amount in Bitcoin. So I'm waiting for the bullrun.The price of Bitcoin will rise more in the upcoming bullrun than the last bullrun because there is a Bitcoin halving in April 2024.

Topic: BTC Sentiment Poll for October - page 4. (Read 747 times)