Bitcoin to $100K of course there are still other factors - where the middle east war and US elections are still very much awaited, but even though this has been passed I think bitcoin is able to reach $100K, it's just that when there is a decline in bitcoin it is often attributed to what is happening in this world.
Topic: BTC Sentiment Poll for October (Read 1119 times)
Bitcoin to $100K of course there are still other factors - where the middle east war and US elections are still very much awaited, but even though this has been passed I think bitcoin is able to reach $100K, it's just that when there is a decline in bitcoin it is often attributed to what is happening in this world.
Boring but positive end to October. Positive but failed to do anything new over prior positive moves in this area and found 73k as resistance as many traders will have predicted and sold at.
So its not trending massively but October proved positive both in finding support and bring new highs in a sequence over months suggesting much higher for BTC is still on the menu.
Right now its below the 12hr average and found support at old ATH of 69k but has sold from the 2 day average. How it develops to end this weekly bar might be more important then purely marking off the month. Ideally this price does not close any lower now or for the rest of the year, that would allow new all time highs.
So its not trending massively but October proved positive both in finding support and bring new highs in a sequence over months suggesting much higher for BTC is still on the menu.
Right now its below the 12hr average and found support at old ATH of 69k but has sold from the 2 day average. How it develops to end this weekly bar might be more important then purely marking off the month. Ideally this price does not close any lower now or for the rest of the year, that would allow new all time highs.
OK, so the official monthly return figure for October is +10.76% per https://www.coinglass.com/today
Out of all 12 Octobers since 2013, this one ranks 8th in terms of the best return.
I guess it's time for new poll (new thread?) for BTC Sentiment Poll for November.
Out of all 12 Octobers since 2013, this one ranks 8th in terms of the best return.
I guess it's time for new poll (new thread?) for BTC Sentiment Poll for November.
Many expect the price of BTC to rise, at least to its last ATH, which it can't do, it's close, which means for me that the ATH will be very easy to overcome, by surpassing it and going for new upward directions in BTC it is likely that the sentiment for this October will improve more and more, even if it can reach $ 100k, it is a fact that is within the possibilities, but it all depends on the current situation in the world, some pay attention to the possible war that is taking place in Israel, and apart from that the effects it may have on the US presidential elections, which in part many say no, but things like these do have their fundamental purpose.
Bitcoin to $100K of course there are still other factors - where the middle east war and US elections are still very much awaited, but even though this has been passed I think bitcoin is able to reach $100K, it's just that when there is a decline in bitcoin it is often attributed to what is happening in this world.
So here we are, the last day of the month, it might not be super impressive, given the yesterday's rally increased appetites but we can't complain.
As of now, we are up +12%, which isn't bad but many (myself included) expected a bit more from a month that historically has the highest median return (+21%). It's a shame that we didn't break the ATH being only 1% short of it, but oh well.
November is ahead of us and it has the highest average (not median) return of 47%. I don't have my hopes set that high, but if we are to match the average rate, we'll see Bitcoin at around $103k.
As of now, we are up +12%, which isn't bad but many (myself included) expected a bit more from a month that historically has the highest median return (+21%). It's a shame that we didn't break the ATH being only 1% short of it, but oh well.
November is ahead of us and it has the highest average (not median) return of 47%. I don't have my hopes set that high, but if we are to match the average rate, we'll see Bitcoin at around $103k.
And the bulls have it... 
BTC up a tad over 14% thus far and it's looking like it's just gonna continue til the mext month and hopefully the next one after that in preparation for 2025. Man oh man I feel good about my prospective airdrops from Hyperliquid and Monad if so as I'll be dropping every single bag I'm holding rn and will just hold Hyperliquid and Monad as my moon bags for the full on bull market on 2025. It's a gamble but they prolly will trend up against BTC and the majors. 
To be fair it wasn't really that hard to predict this, we do not call the month "uptober" for nothing and we knew it would end this way. I can even vote for November right now and tell you that it will be a bull month: It's clear that we are going to face against some good results during the upcoming months because bull run seems to eb around and we can make this work better at this period. BTC up a tad over 14% thus far and it's looking like it's just gonna continue til the mext month and hopefully the next one after that in preparation for 2025. Man oh man I feel good about my prospective airdrops from Hyperliquid and Monad if so as I'll be dropping every single bag I'm holding rn and will just hold Hyperliquid and Monad as my moon bags for the full on bull market on 2025. It's a gamble but they prolly will trend up against BTC and the majors. People are buying, they are accumulating and holding, which makes liquidity go down, and people who buy makes it go up a lot faster because of it as well. I believe in us and I believe we can work together to make this go up, so there is no doubt in my mind at all, I am sure we will do fine. The best thing to do in this case, we should be considering how to get better results based on just months.
And the bulls have it... BTC up a tad over 14% thus far and it's looking like it's just gonna continue til the mext month and hopefully the next one after that in preparation for 2025. Man oh man I feel good about my prospective airdrops from Hyperliquid and Monad if so as I'll be dropping every single bag I'm holding rn and will just hold Hyperliquid and Monad as my moon bags for the full on bull market on 2025. It's a gamble but they prolly will trend up against BTC and the majors.
Well hopefully... NFA.
Stay safe out there guys.
BTC up a tad over 14% thus far and it's looking like it's just gonna continue til the mext month and hopefully the next one after that in preparation for 2025. Man oh man I feel good about my prospective airdrops from Hyperliquid and Monad if so as I'll be dropping every single bag I'm holding rn and will just hold Hyperliquid and Monad as my moon bags for the full on bull market on 2025. It's a gamble but they prolly will trend up against BTC and the majors. Well hopefully... NFA.
Stay safe out there guys.
With that, we are hitting the weekends, so you could be right that there will be no movements, and then that $68k rejection is just another test for us. But I do believed that we are still bullish and we might climb and reach that $68k again and then will take it off from there. Nothing to worry with this small correction that we have been seeing in the last 24 hours.
Many expect the price of BTC to rise, at least to its last ATH, which it can't do, it's close, which means for me that the ATH will be very easy to overcome, by surpassing it and going for new upward directions in BTC it is likely that the sentiment for this October will improve more and more, even if it can reach $ 100k, it is a fact that is within the possibilities, but it all depends on the current situation in the world, some pay attention to the possible war that is taking place in Israel, and apart from that the effects it may have on the US presidential elections, which in part many say no, but things like these do have their fundamental purpose.
With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...
Yeah, after seeing all these people being bullish about October, that gives me hope. If the poll was a bit close then I wouldn't really have this much trouble trying to figure it out, because lets face the reality when the poll is close then people do not know what's going to happen, but when we are dealing with such a thing, its not that bad and we can consider it as normal as well.This is why we need to make sure its not that bad and we can make some profit from this as well. October is looking very bullish based on the poll, there is no close poll, there is a dominant poll, 80%+ of the people are saying it will be bullish so it should be. Of course we can all be wrong too, but I do not think we are going to, we are going to know what's happening. Polls could be wrong, but not when the results are this big, the difference is too huge to be wrong, some 10-20% gap would be fine and we could be wrong but a 60 point gap shows we are going to go upwards this month without a doubt.
Personally - I am still confident to see this positive trend continue until the end of the month. $70K is resistance that can most likely be broken during this month - but it's not impossible to get bitcoin to print a new ATH as well. But so far I don't expect bitcoin to print a new ATH this October - but I do expect it to break through strong resistance at $70K.
You might be right, the current ATH is $73,750 as per CMC, so we'd need to move by a little over 5% from the $70k mark to break it. That might not sound like a lot but might be hard to achieve given the very short time frame, We'd probably need some sort of catalyst to get us there by the end of the month, i.e. some bullish news etc, but those are getting rare these days.
Anyhow, we're slightly down to below $67k, that's -1.13% in a day, so still more of a side movement than correction. We could drop a bit further over the weekend.
UPtober as most people say and maybe when bitcoin returns to a positive trend I believe with the remaining time before the end of the year bitcoin can break into a new ATH even though it is not a significant thing but at $75K is still very possible and to $100K is still too far away.
Of course I believe it is, because we can use the month of October as a stepping stone for Bitcoin price to climb higher levels. Because from this month of October the price of Bitcoin started to reach the maximum that was observed in this month, because one after another we only see the upward trend of the price of Bitcoin. So we can call the month of October as Uptober month and Bitcoin is going to run towards the maximum of $150000 and we can use it as the month of October.
You might be right, the current ATH is $73,750 as per CMC, so we'd need to move by a little over 5% from the $70k mark to break it. That might not sound like a lot but might be hard to achieve given the very short time frame, We'd probably need some sort of catalyst to get us there by the end of the month, i.e. some bullish news etc, but those are getting rare these days.
Anyhow, we're slightly down to below $67k, that's -1.13% in a day, so still more of a side movement than correction. We could drop a bit further over the weekend.
Bitcoin to break the resistance is still possible given that it is a little more to reach, while there are still 2 weeks left to see how bitcoin moves and usually towards the end of the month the upward movement will occur.Anyhow, we're slightly down to below $67k, that's -1.13% in a day, so still more of a side movement than correction. We could drop a bit further over the weekend.
UPtober as most people say and maybe when bitcoin returns to a positive trend I believe with the remaining time before the end of the year bitcoin can break into a new ATH even though it is not a significant thing but at $75K is still very possible and to $100K is still too far away.
Right now we have $3000 as a gap between the current price and $70k, certainly not that much. However, in reality, bitcoin is still struggling to maintain its price even though it broke $78k the day before. The price corrected the next day and is now in the $67k area, but the $68k breakout can still be expected to repeat in the relatively nearer future.
As we believe so far, October is the start of getting bitcoin prices up after a series of declines in the previous months. A new ATH may be expected, but it is a bit difficult to achieve if there is a lot of selling pressure at $70k. The price will correct again in that area before a bigger increase.
Personally - I am still confident to see this positive trend continue until the end of the month. $70K is resistance that can most likely be broken during this month - but it's not impossible to get bitcoin to print a new ATH as well. But so far I don't expect bitcoin to print a new ATH this October - but I do expect it to break through strong resistance at $70K.
You might be right, the current ATH is $73,750 as per CMC, so we'd need to move by a little over 5% from the $70k mark to break it. That might not sound like a lot but might be hard to achieve given the very short time frame, We'd probably need some sort of catalyst to get us there by the end of the month, i.e. some bullish news etc, but those are getting rare these days.
Anyhow, we're slightly down to below $67k, that's -1.13% in a day, so still more of a side movement than correction. We could drop a bit further over the weekend.
UPtober as most people say and maybe when bitcoin returns to a positive trend I believe with the remaining time before the end of the year bitcoin can break into a new ATH even though it is not a significant thing but at $75K is still very possible and to $100K is still too far away.
Personally - I am still confident to see this positive trend continue until the end of the month. $70K is resistance that can most likely be broken during this month - but it's not impossible to get bitcoin to print a new ATH as well. But so far I don't expect bitcoin to print a new ATH this October - but I do expect it to break through strong resistance at $70K.
You might be right, the current ATH is $73,750 as per CMC, so we'd need to move by a little over 5% from the $70k mark to break it. That might not sound like a lot but might be hard to achieve given the very short time frame, We'd probably need some sort of catalyst to get us there by the end of the month, i.e. some bullish news etc, but those are getting rare these days.
Anyhow, we're slightly down to below $67k, that's -1.13% in a day, so still more of a side movement than correction. We could drop a bit further over the weekend.
There was improvement in the month of September because some people sold their bitcoins at the rate of $64k and $65k, which the price is not bad for people to take decision to sell bitcoin to earn income in the month of September. This is the second day of the month of October, there will going to be bull in this month, because there are some signs in the movement of bitcoin which it will make it to profit to those that are still holding till this month of October.
One way to look at how the Bitcoin may perform in this month of October is to look at the past data of bitcoin price movement and how does it behaved in the month of October through the previous years. We can see that only twice in history, in 2018 and 2014, the month of October was closed in negative while in all other years we had a positive bitcoin closing. I think that if bitcoin follows the previous years pattern, we are going to see October as a strong bitcoin month.
Same view here, and coupled with the fact that after the month of October, November is the US presidential election, We will see increasing market activities and a bit of volatility going forward ,where people will try to take position and reposition in the market, and getting ready regardless of who wins the election, lastly from the candle formation that closed last month price, I have some confidence that the price will close on a green or Bullish side.
With all these talks swirling around that October is gonna be bullish due to it being bullish in the past, do all you guys here at BCT really think 'past performance is indicative of future results.'? Just wondering...
And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.
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I maybe late in voting but obviously we are bullish this month and may also continue bullying till december as we have been seeing over the years most specially when there is halving around . and knowing that this year or the next will be the recording of new ATH? am sure many of us are very positive about this scenarios .And here's the chart. September made the monthly look good. I for one hopes the green candles keep coming. As for what could happen, I don't know.
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This is why I do not bother arguing with people anymore regarding trading, the majority are always wrong. What people often argue and act against is almost always the opposite of the market doings. The bearishness in Bitcoin was so obvious on the weekly and daily chart in the wake of October, but the last bullish impact tricked people, we need to look beyond the market price and even the current candlestick but the trendline, price action, the entire pattern and the general outlook shown by the current market chart. According to this study, Bitcoin would maintain a bearish trend in October and might hit around $55,000 or lower before the month ends.Although we had another minor correction again, I saw the price going as high as $62k and I thought that we will be continuing on a run and make it around $65k at least. However, in the last 24 hours, prices dip to $60k and hopefully the support line will hold, otherwise there will be a panic again specially if it dip even lower.
So let's see who will win, right now it seems to be bearish, but then again, it's hard to see where it will be as we have a lot of weeks in this month and maybe at the end of it, the price is going to bounce back and remain bullish.
Thanks to the US news of CPI that significantly contradicts the position of the FED in the rates cutting, there is no way it will not backfire on the USD. And after my post, the bulls retakes their position and we have seen a big push to $68,500 so that is good enough that this month will be after all a very positive outcome for us. I'm not sure what causes the massive spike or if there will be another round of FED rate cut. Everyone by now should be happy at where we at, although others have said that there is a small correction. As for the FED cut rate, the next meeting if I'm not mistaken is in November and there are news about .25 cut so that could be very bullish for now. But it is reported that European Central Bank (ECB) delivered its anticipated 0.25% cut by today so this should also be another bullish sign.
Quote
Markets widely expect the ECB to lower its interest rate by a further 0.25%, bringing the deposit rate down to 3.25%. However, if the ECB adopts a more hawkish tone than expected, this could trigger a rebound in the euro, as markets have already reacted to the anticipated third rate cut.
https://www.euronews.com/business/2024/10/17/euro-under-pressure-ahead-of-european-central-bank-interest-rate-decision
After 3 continuous days of moving up, some small correction is very probable, but otherwise, we're still in a good position to break the ATH by the end of the month and hopefully start moving up from there in November.
The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
Probably there is some investors taking profits as the market has been bullish in the last 3 days. It might be just a normal reaction for now, although there are news about a selloff by Tesla, but I do not see the effect on the market.
With that, we are hitting the weekends, so you could be right that there will be no movements, and then that $68k rejection is just another test for us. But I do believed that we are still bullish and we might climb and reach that $68k again and then will take it off from there. Nothing to worry with this small correction that we have been seeing in the last 24 hours.
After 3 continuous days of moving up, some small correction is very probable, but otherwise, we're still in a good position to break the ATH by the end of the month and hopefully start moving up from there in November.
The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
The market is still very positive about expecting further price increases - but after several days of increases, of course a correction can be expected for some time. Traders who have pocketed profits will go out and take their profits - usually that action will make the market correct a little and a little worse if they do it all together at one time.The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
Personally - I am still confident to see this positive trend continue until the end of the month. $70K is resistance that can most likely be broken during this month - but it's not impossible to get bitcoin to print a new ATH as well. But so far I don't expect bitcoin to print a new ATH this October - but I do expect it to break through strong resistance at $70K.
After 3 continuous days of moving up, some small correction is very probable, but otherwise, we're still in a good position to break the ATH by the end of the month and hopefully start moving up from there in November.
The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
The Fear And Greed index is still showing as neutral, but not far away from "greed". The volume picked up to a decent size, although it started dropping a bit in the later hours of the day.
Many expected a lot from this month, and so far the October green trend continues, that's a good thing as it helps maintain the market's confidence.
That's the thing, most of the time, technical indicators are being invalidated very quick, that's why it's really hard to read where the price is going. Three days ago it was $60k, and now despite the news of the war, prices goes up to $63k. Not saying the technical analysis is bad, but at this time, it keeps on changing in 24 hours or less that why it's hard to really on it.
So for now, we are in the middle of the month already, price seems to be going up and hopefully we can break on the big psychological barrier of $65k and then hopefully we can maintain and hold on it till the end of the month. At least with that, we will remain bullish and investors are still willing to pour their money on the market and believed that we can still get to 6 digits for next year.
That's right, for now things are very necessary to make them a reality with a good argument, this October is very productive, the good thing is that we are in the middle of October and it is going well, I think that October can close well despite... however, by November things can get very good or go down in price due to the elections in the USA, it will not be something so forceful but it will affect the market, as long as there are good results, let it be the best for the world, I am happy, but one thing leads to another, but if things go wrong, the market will fall imminently and I think we would all know why.
Right today watch for topping action in the highest prices registered today. Its not certain but part of a sequence of six months showing a trend decline match prices in this area.
If we can beat this trend as the recent lows suggested is possible then I expect far more positive action but first we must observe the strength of BTC price action today and upto the end of this weekly bar closing Sunday.
Nice to see Bitcoin price now back to $66K, just like I said the super cycle history is way more stronger than any FUD, dump or global problem. SEC sold their coins that they confiscated from Silk Road, HBO launched documentary to reveal the true identity of Satoshi, war happened on Palestine.If we can beat this trend as the recent lows suggested is possible then I expect far more positive action but first we must observe the strength of BTC price action today and upto the end of this weekly bar closing Sunday.
If Bitcoin can cross $70K, I think that's the time Bitcoin will create new ATH.
Just keep on holding, no matter which war happens, no matter what SEC does, keep on holding for long term and we are going to make a profit from this. Bitcoin is here for the long term and the results will not change anytime soon, we are going to end up with a lot of profit.
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