The biggest Bitcoin price dump this October touched $59,000. But it did not stop for long, the price increased again and touched about 61 thousand dollars again. But this is a sign of an improvement in Bitcoin growth very quickly, as investors are giving ample opportunity to hold Bitcoin. After a few days, the price of Bitcoin will continue to increase with maximum speed and the maximum target will be $150,000.
The target you said still looks too big for this year because in general the Bitcoin price drop to $59K this month is also not too deep if we compare it to previous months. So the expected increase target must also be said more reasonably than saying directly at a level of that size with a measure twice as large as the current Bitcoin price. Actually, I am also still quite optimistic about the condition of Bitcoin and also the market conditions that will run this month, but some people will still wait for further increases in order to see what price level Bitcoin can be at this month. 
Topic: BTC Sentiment Poll for October - page 3. (Read 1112 times)
The biggest Bitcoin price dump this October touched $59,000. But it did not stop for long, the price increased again and touched about 61 thousand dollars again. But this is a sign of an improvement in Bitcoin growth very quickly, as investors are giving ample opportunity to hold Bitcoin. After a few days, the price of Bitcoin will continue to increase with maximum speed and the maximum target will be $150,000.
82% voting bullish including myself may have been an ironic twist, we all stand on the same side of the rowing boat. Its not stable, we are due to upset if that were true.
In the bigger picture I dont mind, Im not selling so really I dont mind a lower price I hope it facilitates someone elses involvement and invigorates the market in some way possibly. All that really matters on this perhaps ski slope is the extent to which we trade, losing the August low for example has us falling off. But if we just put in a normal low (even better is an improvement in the lows), I cant see why we cant launch & it doesn't have to be this month. Often BTC takes off when people dont expect it especially.
In the bigger picture I dont mind, Im not selling so really I dont mind a lower price I hope it facilitates someone elses involvement and invigorates the market in some way possibly. All that really matters on this perhaps ski slope is the extent to which we trade, losing the August low for example has us falling off. But if we just put in a normal low (even better is an improvement in the lows), I cant see why we cant launch & it doesn't have to be this month. Often BTC takes off when people dont expect it especially.
The previous October assessments have me in agreement that past performance is more indicative of future results.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
If you look at what happened in early October, then what you said is likely to happen, I am very optimistic about that.This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
And regarding past performance, it has been proven that it will be repeated, although not completely, but there will be the same movement as predicted if you look at past history, so I think there is no need to doubt it anymore.
And therefore this October we will see more positive price movements in the rest of October.
When red candles continue to form like now from the previous green, it is possible that people who still do not understand the market begin to worry about bullish or bearish speculation. There is a reason why charts should not be looked at too often, namely to avoid excessive panic. For people who have been around for a long time and already understand how the market has performed in the past until now, every change in candle color can be an opportunity that is used as a decision on action.
It's more that they are going to fell bearish if there are red candles like what we have seen right now. I haven't check the news yet as what could have been the reason, it could be due to the war in the Middle East or if there are negative news that really took in the last couple of days to make investors sell their Bitcoin.
It's now <$60,000, support line didn't hold and for sure there are already panic in the market again. Nevertheless, we should remain calm, we still have two weeks to turn the tide again, just like the previous month of September. So just stay positive and we are going to work this out and be back on the green candle again.
The previous October assessments have me in agreement that past performance is more indicative of future results.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
If you look at what happened in early October, then what you said is likely to happen, I am very optimistic about that.This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
And regarding past performance, it has been proven that it will be repeated, although not completely, but there will be the same movement as predicted if you look at past history, so I think there is no need to doubt it anymore.
And therefore this October we will see more positive price movements in the rest of October.
When red candles continue to form like now from the previous green, it is possible that people who still do not understand the market begin to worry about bullish or bearish speculation. There is a reason why charts should not be looked at too often, namely to avoid excessive panic. For people who have been around for a long time and already understand how the market has performed in the past until now, every change in candle color can be an opportunity that is used as a decision on action.
I'm not at a level where I’m super confident that Bitcoin prices will keep climbing all the way through the end of the month. But I do believe they won’t dip as low as last month. We can point to the upcoming US election as a factor that’s shaking things up and pushing prices higher. However, as always, we can’t be completely sure we won’t see any drops along the way, since things can change at any moment based on new developments. While I might not be overly confident, I’m staying positive, especially with the strong performance we’re seeing right now. I believe things will only get better as we head into the holiday season!
The Bitcoin market is currently in a normal phase, although the Bitcoin price is most likely to rise from the current time. Because so far there hasn't been a big shock in the Bitcoin market, but I don't think the biggest dumping will happen. But the stage we are in at present is one of the most difficult stages, because those who are without investment should invest at present.
Because the faster they invest, the more likely they will be able to reach the peak bull market with Bitcoin in just a short period of time from now on. But now is a very good time to invest and a very important season is going on.
I'm not at a level where I’m super confident that Bitcoin prices will keep climbing all the way through the end of the month. But I do believe they won’t dip as low as last month. We can point to the upcoming US election as a factor that’s shaking things up and pushing prices higher. However, as always, we can’t be completely sure we won’t see any drops along the way, since things can change at any moment based on new developments. While I might not be overly confident, I’m staying positive, especially with the strong performance we’re seeing right now. I believe things will only get better as we head into the holiday season!
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.
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. Steady is definitely a possibility, we have seen price stay steady for a while now, we do see ups and downs along the way but it ends up at around the same price so I can see why you would think like that.
What people do not know about volatility of bitcoin is that we end up with sometimes having a lot of drops and sometimes we have a lot of ups, but along the way most days are boring, those volatility days are smaller and not really that complicated and not that common.
What are seeing right now isn't really anything special, it is something that will not be making anyone rich overnight neither, so what we need to do right now would be just making sure we are dealing with something more special on the long run. I know that volatility will still happen, but it's less days that we have high volatility and more days where we are mostly stable and not making big deals, we just end up with something much bigger on the long run and couldn't really deal with anything else.
So, those 10%+ movement days are rarer in a year, whereas less than 1% movement days are more common and October could very well be one of those months. Or maybe not, we could be wrong about the movement of bitcoin too.
The volatility will always happens even in the future but we must know how to deal with that so we can adapt with the situation and use it for our benefit. We don't have to be afraid with the volatility because that can be our friend and we can buy at the low price and sell at the high price. Many people are panic when they see the down but they don't think that is their benefit because they can buy back in a low price. What people do not know about volatility of bitcoin is that we end up with sometimes having a lot of drops and sometimes we have a lot of ups, but along the way most days are boring, those volatility days are smaller and not really that complicated and not that common.
What are seeing right now isn't really anything special, it is something that will not be making anyone rich overnight neither, so what we need to do right now would be just making sure we are dealing with something more special on the long run. I know that volatility will still happen, but it's less days that we have high volatility and more days where we are mostly stable and not making big deals, we just end up with something much bigger on the long run and couldn't really deal with anything else.
So, those 10%+ movement days are rarer in a year, whereas less than 1% movement days are more common and October could very well be one of those months. Or maybe not, we could be wrong about the movement of bitcoin too.
This month could still be the same as the last month so we must be careful to analyze and not rush in trade or invest. Bitcoin price now down to $61,000 but I see a war in the market which want to lift the price to the high price. But the candle still in red so we must keep aware if something happen so we can know what we will do.
Peak prices from August found as resistance on Oct 7th, its not just August of course but the bigger picture that causes a greater amount of selling at 64k to occur. After hitting that its lost the weekly and might now trade below the 50 day average. I'm willing to give current price action till end week to resolve positively before really changing my mind, regular bouts of selling is fairly normal.
My take for year end basically is to stay positive above the yearly average at 57k, the impact of losing that level and ending October weaker then yearly average is far greater upset occurs. It would mean a lower price then Sept start and with reference to the sequence of decline since March a greater move down then just these short term daily sell offs. That hasnt yet, for now its just a test and weakness to convince weak hands to sell.
Until 50 day average is above the 200 day, expect more tight rope walking even when its a good week its not yet in the clear.
My take for year end basically is to stay positive above the yearly average at 57k, the impact of losing that level and ending October weaker then yearly average is far greater upset occurs. It would mean a lower price then Sept start and with reference to the sequence of decline since March a greater move down then just these short term daily sell offs. That hasnt yet, for now its just a test and weakness to convince weak hands to sell.
Until 50 day average is above the 200 day, expect more tight rope walking even when its a good week its not yet in the clear.
I vote for bullish although I predict the situation will almost be the same like the last month. We may see up and down many times but the chance for bullish will still be there. Even if the price now seems to go down, that will reverse and will start to increase. We never know what could happen this month or next months but we must still optimistic with the bullish of Bitcoin. The moment for the bull run will come soon so we must be patient and not panic if the price is down for more. That will be a good chance to accumulate more as we may not see that will happen in the future because the situation will change.
Steady is definitely a possibility, we have seen price stay steady for a while now, we do see ups and downs along the way but it ends up at around the same price so I can see why you would think like that.What people do not know about volatility of bitcoin is that we end up with sometimes having a lot of drops and sometimes we have a lot of ups, but along the way most days are boring, those volatility days are smaller and not really that complicated and not that common.
What are seeing right now isn't really anything special, it is something that will not be making anyone rich overnight neither, so what we need to do right now would be just making sure we are dealing with something more special on the long run. I know that volatility will still happen, but it's less days that we have high volatility and more days where we are mostly stable and not making big deals, we just end up with something much bigger on the long run and couldn't really deal with anything else.
So, those 10%+ movement days are rarer in a year, whereas less than 1% movement days are more common and October could very well be one of those months. Or maybe not, we could be wrong about the movement of bitcoin too.
I vote for bullish although I predict the situation will almost be the same like the last month. We may see up and down many times but the chance for bullish will still be there. Even if the price now seems to go down, that will reverse and will start to increase. We never know what could happen this month or next months but we must still optimistic with the bullish of Bitcoin. The moment for the bull run will come soon so we must be patient and not panic if the price is down for more. That will be a good chance to accumulate more as we may not see that will happen in the future because the situation will change.
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.
The previous October assessments have me in agreement that past performance is more indicative of future results.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.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
And regarding past performance, it has been proven that it will be repeated, although not completely, but there will be the same movement as predicted if you look at past history, so I think there is no need to doubt it anymore.
And therefore this October we will see more positive price movements in the rest of October.
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.
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.
The previous October assessments have me in agreement that past performance is more indicative of future results.
This October I am also bullish on the Bitcoin market price even though some are looking at a price above $71K as a benchmark for the price chart to be achieved this month.
My hope this month is that the green candles will continue to appear so that the pessimists can understand that Bitcoin is a coin and currency of value, unlike other coins.
it appears that on this market, this is becoming very difficult to create my own assessment for this month. I am bullish very much similar to September, however, as a contrarian and witnessing that everyone has become bullish causes to speculate that October might be bearish heheheeh.
As the saying goes, being rich is not for the masses. Although I don't want to be bearish and don't expect things to get worse, as you said: when everyone is optimistic and expecting about "uptober". That actually makes me a bit pessimistic because the market always goes against the crowd instead of following the crowd. Most of the time, bitcoin only goes up when people are skeptical and doubtful, so when everyone is optimistic, that's when I'll be more careful than Fomo.
Personally, I think bitcoin will continue to move sideways and the market will continue to be gloomy until not many people believe that the uptrend is coming, then we can have a real bull season.
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.
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.
it appears that on this market, this is becoming very difficult to create my own assessment for this month. I am bullish very much similar to September, however, as a contrarian and witnessing that everyone has become bullish causes to speculate that October might be bearish heheheeh.
There is also this news update from social media telling everyone that the American government is free to dump the coins that they have taken from Silkroad for free.
The #USgovernment now appears free to sell 69,370 $BTC($4.33B) confiscated from #SilkRoad Individual X.
On Oct. 7, the U.S. Supreme Court declined to hear Battle Born Investments' case over the ownership of 69,370 $BTC($4.33B) seized from #SilkRoad, giving the government full control over the seized funds.
Source https://x.com/lookonchain/status/1843692654653256195?s=12&t=fx2RmsbaS0qNJTJTdpNu2w
There is also this news update from social media telling everyone that the American government is free to dump the coins that they have taken from Silkroad for free.
The #USgovernment now appears free to sell 69,370 $BTC($4.33B) confiscated from #SilkRoad Individual X.
On Oct. 7, the U.S. Supreme Court declined to hear Battle Born Investments' case over the ownership of 69,370 $BTC($4.33B) seized from #SilkRoad, giving the government full control over the seized funds.
Source https://x.com/lookonchain/status/1843692654653256195?s=12&t=fx2RmsbaS0qNJTJTdpNu2w
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...
One thing that makes me to think that October is going to be bullish for Bitcoin is because of the US elections coming in November and the market is going to have some rally before the rise in November, therefore October has to be bullish. When we also look at history, October has been a very good month for Bitcoin and when this always happens is during the having year and 2024 is the having year. There has been some years that October has not being good for Bitcoin but is is not big in comparisons to years that October has been a good month. Regardless of what we think, I do not think we should be thinking of the market being that bearish when we are closer to the end of the year because we should not be expecting a bear market again maybe until we are done with the bull market that is to end in 2025.
Relying on history to predict the future is not a bad thing but I think we should not rely on it too much. Like September this year, history shows that September is a bad month and so everyone was bearish on bitcoin but eventually we got a 7.35% gain as the chart I shared earlier. Things don't always repeat exactly to the specific detail.
What I am concerned about is the instability in the Middle East and I hope it doesn't get too bad. But aside from that, there is a lot of positive news for us to expect that we will enter a bull season this October like the US election as you mentioned. News related to the US economy but CPI, Fed rate cut will be the news that helps the market grow strongly in the remaining months of the year.
Everything is in favor of the biggest bull run we've been waiting for, but let's see how it all plays out.
Look at the action right now, its a good rise past the weekly average. So we are a week into the month, I have to cast the vote here or its cheating :p Bullish is a fair take.
I love the monthly chart for its historic relevance which is vital perspective past and looking forward imo. The point I take not just that we're near that ATH action from years ago but more recently the August peaks have to be passed and left below us for Oct to really be called as positive.
If we get to end of OCT and dont achieve that much then mark my vote down as wrong because I will take it that way; we are near but not past that point of confidence just yet.
I love the monthly chart for its historic relevance which is vital perspective past and looking forward imo. The point I take not just that we're near that ATH action from years ago but more recently the August peaks have to be passed and left below us for Oct to really be called as positive.
If we get to end of OCT and dont achieve that much then mark my vote down as wrong because I will take it that way; we are near but not past that point of confidence just yet.
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