BTC Sentiment Poll for October - page 4.

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Quote from: tokeweed on October 02, 2024, 06:30:12 AM

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.

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Quote from: tokeweed on October 02, 2024, 06:30:12 AM

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 price movement of Bitcoin last month made me surprised so I will not be surprised if this month, Bitcoin will end up on a red candle.
Historically speaking, Bitcoin during the month of October ends up with a green candle and for me, what I believe is that, October is usually the month where the bull run starts. Not all the time though but for most of the time, Bitcoin is bullish durng this month.

In order for Bitcoin to go up, we need more catalysts that could push the price up. We've seen an effect towards the price of cryptocurrencies when the CCP announced that they will be printing more money to stimulate their economy. We need more like that, and I'm not saying we need more countries to print their money. What I'm saying is that, we need more catalysts that could make the price of Bitcoin go up. I don't know what will it be, maybe the US election, maybe another cutting of interest rates in the US. Something that could change the sentiment of the investors from bullish to more bullish.

Anyway, I voted for bullish.

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Quote from: BITCOIN4X on October 05, 2024, 04:17:40 PM

I don't want to sound like people are pessimistic about Bitcoin's chances of doing well this October, I think being bullish is a good bet. Even so, reality may be different from what is expected because of the tensions that occur out there. The bitcoin market and stock market were ultimately affected by the war, so the bull run may not come as quickly as expected.

Gold in the local market rose so fast and I found many people selling their jewellery. Meanwhile the bitcoin price has been correcting for some time, we will definitely not give up hope of seeing the bitcoin price recover and be bullish during this month. I don't know, $70k seems reasonable for this month's price regardless of whatever FUD or tension is out there.

Only a small correction if you look at the price in the near future. But for a long-term assessment, the price of bitcoin is still performing more resiliently because it is still above $60k when the war occurs. I think this month bitcoin will perform better because it is still early in the month and the correction that occurs due to the war that is happening causes concern for those who do not have a strong mentality.

In addition, if the price of bitcoin can stay above $60k until mid-October, there is a big chance that by the end of this month bitcoin will rise again to $70k. The best opportunity is to take advantage of the opportunity when the price drops like the last two days. Make purchases on a scale with levels at each level to get a better chance.

Stay optimistic, because bitcoin is not controlled by countries and companies so there will be nothing to stop the increase that will occur in bitcoin. I believe people who sell because they panic but they will buy again seeing that there is no major impact on bitcoin even though the war occurs.

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I don't want to sound like people are pessimistic about Bitcoin's chances of doing well this October, I think being bullish is a good bet. Even so, reality may be different from what is expected because of the tensions that occur out there. The bitcoin market and stock market were ultimately affected by the war, so the bull run may not come as quickly as expected.

Gold in the local market rose so fast and I found many people selling their jewellery. Meanwhile the bitcoin price has been correcting for some time, we will definitely not give up hope of seeing the bitcoin price recover and be bullish during this month. I don't know, $70k seems reasonable for this month's price regardless of whatever FUD or tension is out there.

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Quote from: STT on October 03, 2024, 01:09:08 PM

Not a great start for October, since end September we've decline regularly under a 12hr average and not once has BTC traded above the 2 day average recently.

Yeah, but that's how we also start September, until the last week or so when we had this run and we end September with positive 7%.

Quote from: STT on October 03, 2024, 01:09:08 PM

I remain bullish long term so long as we do maintain above the yearly average on a closing weekly bar basis, this shouldn't be too hard a standard to maintain even if people choose to sell on some bad news days. If we do lose the year then Im guessing negative for these monthly type questions.

and probably that's why others remain bullish as well, of course we can't discount TA, but for the majority, they are still holding on fundamentals, as it makes us easier to see what will be the potential price at the end of the month. And then we also look for pattern, as in the previous history of Bitcoin that in a halving year, October could be the start of the price going parabolic. So still very early to say if we are going sideways again.

And so we remain very bullish that at least we will end the month with another positive and leading to maybe above $70k at the end of the year.

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Quote from: tokeweed on October 02, 2024, 06:30:12 AM

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...

I also believe that October is the beginning of bullish season and that is what we have seen over the years most specially in each halving year and as we knew? 2024 is what recorded now .

Quote

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.

not sure if September really shows Good look in monthly basis because what we have experience last month is bearish or stagnant .

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Quote from: justdimin on October 04, 2024, 04:25:24 AM

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

We're not worried about it because we know that we're in the bull run and if there are some price dumps, that's typical and eventually just looking at the recovery period of BTC. It's always been amazing to see how it goes and whenever some surprising rise we see, we're not complaining about it but then when some dumps have been followed, that's when we feel bad about it. I'd say that we should get used to it.

Quote from: justdimin on October 04, 2024, 04:25:24 AM

I believe I can see bull run, so that means I can buy right now without trouble.

We're on it and everyone shouldn't doubt it. Start from the beginning of the year and we're already farm where it all started. And to give everyone a recap, the starting price when we entered 2024 was $42k and we're $62k now.

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Quote from: Nrcewker on October 05, 2024, 04:48:44 AM

I would say don’t make any decision right now about the bull run or bear market.

What did you see as the topic of this thread? Is it not BTC Sentiment Poll for October? This is not called conclusion, it is called guesses ir predictions. Are you not posting on this speculation thread to know how things are done on thread like this?

Quote from: Nrcewker on October 05, 2024, 04:48:44 AM

The bitcoins are still in a correction phase. The price is showing mixed signals. Currently, bitcoins are at 62k USD. If we compare to the past month, then there is a slight increase in the price. As we have seen previously, during the later phase of a year, the coins go up; hence, it will be ideal to buy the bitcoins and hold them for a couple of months. Many are predicting that the bull run can start at any time. Hence, don’t miss this opportunity and buy as many bitcoins as you can right now.

Bitcoin fall to almost $60000 on the 1st of October and later fall below $60000, but it increased back above $60000 not quite long. Can't you see a strong resistance at $60000?

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Quote from: Oshosondy on October 02, 2024, 06:59:23 AM

I voted for bull run also but this is how the monthly chart looks like which shows that this month is going in the bear direction for now

I would say don’t make any decision right now about the bull run or bear market. The bitcoins are still in a correction phase. The price is showing mixed signals. Currently, bitcoins are at 62k USD. If we compare to the past month, then there is a slight increase in the price. As we have seen previously, during the later phase of a year, the coins go up; hence, it will be ideal to buy the bitcoins and hold them for a couple of months. Many are predicting that the bull run can start at any time. Hence, don’t miss this opportunity and buy as many bitcoins as you can right now.

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Quote from: justdimin on October 04, 2024, 04:25:24 AM

Quote from: Justbillywitt on October 03, 2024, 02:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

I believe there is a good chance we could see this getting a great way for you on the long run, and if we can pick what we want, then we are going to have better understanding of what we should do. I believe I can see bull run, so that means I can buy right now without trouble.

Last October or previous years, did we have war, inflation...impact the market like what is happening this October? So, relying solely on what happened in the past to predict what will happen this year is not convincing. And I think it's understandable why people are pessimistic because what happened in the first four days of the month was very volatile, which is not a good sign for us to be optimistic.

But fortunately, things seem to have turned around as the NF index released yesterday was said to be positive and that is also why bitcoin is trading above $62k and the entire market is bullish again. I think that apart from the news about the war between Iran and Israel, the news about CPI will be one of the factors that will determine the trend of bitcoin this month. With the NF data being quite positive, I am bullish on CPI and I have voted bullish as well.

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Quote from: Justbillywitt on October 03, 2024, 02:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

People basically think like you as well. I was afraid many people would see the price fall and would think of price going down as bearish and October will be bad, but looking at the vote results it shows people are not worried about it too much, they still think there is a possibility of going up, which is lovely and I hope it continues. I know this won't be a great deal of issue, but we are going to end up with something that will be great for you.

I believe there is a good chance we could see this getting a great way for you on the long run, and if we can pick what we want, then we are going to have better understanding of what we should do. I believe I can see bull run, so that means I can buy right now without trouble.

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Not a great start for October, since end September we've decline regularly under a 12hr average and not once has BTC traded above the 2 day average recently.

The lows for BTC are now for the last few days both at the 50 day average and also the 78% Fibonacci line for the old ATH which means we step on very well trodden ground here hoping not to slip. Till we show any strength its hard to give a sentiment grade for prospects going forward, I presume positive but I also expect proof.

If we dont alter course then its quite fair to expect 52k or the 61% fib line, again it would be a revisit. I presume main markets are more attracted to other assets right now then this one.
I remain bullish long term so long as we do maintain above the yearly average on a closing weekly bar basis, this shouldn't be too hard a standard to maintain even if people choose to sell on some bad news days. If we do lose the year then Im guessing negative for these monthly type questions.

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Quote from: Justbillywitt on October 03, 2024, 02:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

Yes, I remember in the first 2 weeks of September we saw a decline in the entire market causing the fear of the September curse to spread throughout the market. But in the next 2 weeks of the month, we had a strong recovery with news of the Fed cutting interest rates and China implementing money injections and cutting interest rates across the board. As @BALIK said: we ended September with a 7.35% gain and this is considered the best September since 2013 so far.

Looking at the chart, we can easily see why the market suddenly became more optimistic in October, because as you also said, October has always been a good month for bitcoin but things could still be different.

I don't have any predictions as things seem quite complicated with the uncertainties from the world situation but I hope we will be better by October.

source: x.com

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Quote from: tokeweed on October 02, 2024, 06:30:12 AM

~

Just the usual I suppose. A bit more bullish than september but nothing too big. I'd expect us to stabilize again to 60-63k just like a few months back, probably a bit more if the market sways a bit more positively. It's not out of it to expect a 70k though. Also expect more greenish areas, just smaller ones but still green. The market's been general sideways like this since a few months back really. Just that the start/end always goes up/down by a bit but really the difference is rather minimal.

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Quote from: Justbillywitt on October 03, 2024, 02:28:33 AM

I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

We ended September with over 7% growth and that's not as bad as many predicted earlier and as you said. Historically, September is considered the worst month, but this year's September has had the best growth. There is nothing wrong with relying on history to predict the future because markets are cyclical but historical performance is no guarantee of the future. Everything can change because the impact and influence on the market is not the same from year to year.

Overall, people are fed up with bitcoin's correction so it's no surprise that most people are optimistic and have high expectations for October but we shouldn't be too complacent based on history alone.

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Quote from: Pandu Geddon on October 03, 2024, 02:03:24 AM

Quote from: Popkon6 on October 03, 2024, 01:39:21 AM

Bitcoin price saw its biggest dumping in September and pumped back to normal levels in September. But now Bitcoin price is slightly dumping at the current level, so pumping and dumping is normal at present. As Bitcoin market prices are likely to move higher this October. Because look at past bull markets, Bitcoin price gains in the early October journey are signs of improvement. So as we stand right now as we reach the bull run in 2025, Bitcoin price is most likely to rise significantly from this month so we just have to be patient.

I vote for Bullish, but the situation may not really happen. We can see Bitcoin is currently quite strong at $60k if there is no further decline that causes Bitcoin to be below $55k. This month, or I prefer to target the end of this year, Bitcoin can reach bullish.

Another possibility that is very likely to happen is that the price movement will not experience much change. Maybe we will pass October with an estimated price of $60k-$65k. Although there is a lot of positive sentiment for bullish this month, there is also news related to the impact of the current war. I am not so sure about the big impact, but there is also a possibility that it can limit market growth.

From what you say you are not really bullish but why are you voting Bullish? Meanwhile, I am not worried about the ongoing war between Iran and Israel, nor the economic situation, so I believe the market will start to recover better from this month. But the recovery could start from mid-next month when the CPI news is released on October 10.

What I see is that most people are very optimistic about this October, not only on forum but also on social networks like X or Telegram, people are spreading about "uptober" which makes me a bit worried. I still believe the market is being manipulated more than moving by supply and demand, so will the market makers follow the crowd and please them or will they do the opposite?

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I am pretty confident that October will be bullish, October has always been a bullish month for bitcoin and I don't think this particular October will be different from what we have seen in the past. Because from the same history we saw that September has always been a bearish month and we saw bitcoin going bearish during September that just rounded up. So now that it is October, which has been known for bullish trends, bitcoin will not misbehave, it will surly follow that pattern. Once the market correction that bitcoin is doing is over, we are going to see the proper pump coming back this month of October.

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Quote from: Popkon6 on October 03, 2024, 01:39:21 AM

Bitcoin price saw its biggest dumping in September and pumped back to normal levels in September. But now Bitcoin price is slightly dumping at the current level, so pumping and dumping is normal at present. As Bitcoin market prices are likely to move higher this October. Because look at past bull markets, Bitcoin price gains in the early October journey are signs of improvement. So as we stand right now as we reach the bull run in 2025, Bitcoin price is most likely to rise significantly from this month so we just have to be patient.

I vote for Bullish, but the situation may not really happen. We can see Bitcoin is currently quite strong at $60k if there is no further decline that causes Bitcoin to be below $55k. This month, or I prefer to target the end of this year, Bitcoin can reach bullish.

Another possibility that is very likely to happen is that the price movement will not experience much change. Maybe we will pass October with an estimated price of $60k-$65k. Although there is a lot of positive sentiment for bullish this month, there is also news related to the impact of the current war. I am not so sure about the big impact, but there is also a possibility that it can limit market growth.

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Bitcoin price saw its biggest dumping in September and pumped back to normal levels in September. But now Bitcoin price is slightly dumping at the current level, so pumping and dumping is normal at present. As Bitcoin market prices are likely to move higher this October. Because look at past bull markets, Bitcoin price gains in the early October journey are signs of improvement. So as we stand right now as we reach the bull run in 2025, Bitcoin price is most likely to rise significantly from this month so we just have to be patient.

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I can't vote because there are only 2 options. I choose the 3rd option which is to go sideways.

I think the situation has not change in the market despite all the recent hype for this month calling it "uptober". There is still high energy prices and the high interest rates has caused a recession that only grows as time goes by (the recent tiny rate cut was not enough to counter recession).

At the same time, the adoption is growing despite the sell pressure and the rise is long overdue. Which means we can't dump any more than this either. Or at least it will be very difficult to crash the market and cause bear market.

That makes sideways the most probable trend.

Topic: BTC Sentiment Poll for October - page 4. (Read 1123 times)