BTC Sentiment Poll for October - page 5.

Ndabagi01

sr. member

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Quote from: coolcoinz on October 02, 2024, 02:40:49 PM

WW3? That's a ridiculous explanation. How can Israel be a part of a world war if the whole Europe, South America and Asia couldn't care less about what happens there?

IMO this is an insignificant move as 10% corrections happen almost every single month. We're on track to a new high, most likely in Spring of 2025, although I wouldn't count out 2024 completely. We may see over 70k by the end of the year.

This isn’t anything Like a WW but considering the history of the two nations involved and the weight or strength of both nations it is not surprising that many people betting on a world war if this persists. For example it would definitely involve US at that stage. Right now even if the war is not the way we say it is still the impact of its fud has already made the price dip and Already causing the panic again.

For me this is Just a little or normal corrections that happened, this type of corrections usually happens before a big peak movement is kick started, still there is no reason not to expect that same or kind of movement again, so I am staying bullish on this October months because they haven’t been anything that will stop that yet to me

sana54210

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The outlook for now could be bearish due to a little drop, but we are at the start of the season so far and I believe we are going to see the price grow until the time comes. We shouldn't be worried about a little bit of drop at the start of any month, because we have nearly 30 days left, a little less, and within that much span we could make so much more money and price could go so much higher.

I understand there is a war and some people sold because of this war, but we are going to get used to this as well, we got used to Israel vs Palestine thingy and even the whole Ukraine vs Russia as well, so we are going to get used to this as well.

We shouldn't really be worried about any of this and just be happy with what we have. I am sure there will be a lot of people who will not worry about this fall and we will keep on buying all together. I can sense a 70k happening this month, wouldn't be too hard to achieve neither, we just need to break above this wall and we can get to 70k easily.

AVE5

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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.

I really don't know what October month would bring but considering positive speculations that has randomly be on trends couple with the increments of the recent capitalist investors who leading to the current appreciation of bitcoin price, we should be expecting some huge increase by this month while we may experience a new Ath before the year runs out.

Ojima-ojo

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Quote from: hugeblack on October 02, 2024, 07:40:35 AM

I think you need to define the uptrend, if the month ends in green it means it ended higher but some want to see highs like +$72,000 which may happen (or not) during the current month. Frankly it is the beginning of the month and it is difficult to know what the trend will be especially since the positive effects (interest rate cut) are not available which means that most of the effects will be negative.

Very well mate, the interest rate cut is already having a significant impact on the market in a more negative way lately considering the the current drop in the price of Bitcoin, although the month of September third quarter was all green before the news of the interest rate cut, and since then, the positive vibes in the market started diminishing gradually up until this moment, and for that it may likely have more severe impact in this current month of October and that could lead to a bearish outlook in the month.

Also since Bitcoin is hard to speculate, all that we can do right now is just to analyse the situation based on past events and current happening with the hope that we can come anything near accurate, but in all, the bottom line still remains that no one can tell which direction Bitcoin will take in this month or in the future.

coolcoinz

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Quote from: LFC_Bitcoin on October 02, 2024, 01:42:56 PM

Not a great start to the month but that’s been due to WW3 FUD. Nothing to worry about, October is going to be extremely bullish. I think we close the month above the 2021 ATH ($69,420).

Might be another week of chop but this will be a green month. The tradition of Uptober will stay true.

WW3? That's a ridiculous explanation. How can Israel be a part of a world war if the whole Europe, South America and Asia couldn't care less about what happens there?

IMO this is an insignificant move as 10% corrections happen almost every single month. We're on track to a new high, most likely in Spring of 2025, although I wouldn't count out 2024 completely. We may see over 70k by the end of the year.

Mame89

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Merit: 501

Quote from: cabron on October 02, 2024, 01:30:54 PM

Maybe this red is just the start of October but sooner I think it will turn greener just like the month of Sept as it started as a dip and after days it also shoots up. It is still uncertain but because it's already months after halving I think it's due to happen already.

This current dip could just be a test of the support levels once again. And the patience of the holders I guess, its just waiting for those who have weak hands to just drop the wait.

It is natural that there was a big correction in early October because people started to panic because of too many rumors and recently the war in the Middle East has become serious again which eventually led to a decline. Indeed, there are many reasons for everyone to put forward why there was a decline in early October and any reason can be explained even though it has nothing to do with it. Because if we refer to the post-Halving like the previous halving, we are getting closer to a positive trend.

And as you said, September has closed, and the market is very bright. The decline in early October, will not affect the trend in late October, because it is the same as when it fell in early September, but then went up. Of course, if you invest for the long term, this decline will certainly always be an opportunity to continue buying at a discount. You don't want to miss the opportunity and you don't want to miss the train. You will just keep waiting, then keep watching the price continue to rise.

EL MOHA

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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...

Personally for bitcoin I would say the best tool for price analysis for me is it’s historical trend, people will say history doesn’t always repeats it self and yes I agree with that but past trend has been more accurate than form of analysis use to predict bitcoin price so fa. So I am predicting history to repeat it self and therefor super bullish this Q4. Other cases that actually add to my confluence is the rate cut and the upcoming election which will likely create a hype this month. Things could change if economic situation gets negative but if not then we might be bullish. Secondly the market has corrected enough to me, the entire Q3 was ranging which was as expected so it’s time for an upward movement now.

Quote from: LFC_Bitcoin on October 02, 2024, 01:42:56 PM

Not a great start to the month but that’s been due to WW3 FUD. Nothing to worry about, October is going to be extremely bullish. I think we close the month above the 2021 ATH ($69,420).

Might be another week of chop but this will be a green month. The tradition of Uptober will stay true.

This WW3 will definitely cause fud and we are seeing it already but I don’t think it will escalate that high and as such I will say we will have a little rough start to the month just like the last month (September) started and close at 7% high. With this Fud the worst I see is us testing $54k after clearing that trend line then we can go up to even above $70k

yhiaali3

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I was optimistic about the rise in October, especially since September ended with a good rise in Bitcoin to about $65,000, but given the geopolitical tensions in the Middle East and the escalation of tensions, things may slide into a regional war, and this will certainly affect the global economy as a whole, including the cryptocurrency market.

I hope that the ongoing tensions in the Middle East do not extend and end quickly, and Bitcoin returns to continue its rise in October, which we are optimistic will be generally bullish.

LFC_Bitcoin

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Not a great start to the month but that’s been due to WW3 FUD. Nothing to worry about, October is going to be extremely bullish. I think we close the month above the 2021 ATH ($69,420).

Might be another week of chop but this will be a green month. The tradition of Uptober will stay true.

cabron

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Maybe this red is just the start of October but sooner I think it will turn greener just like the month of Sept as it started as a dip and after days it also shoots up. It is still uncertain but because it's already months after halving I think it's due to happen already.

This current dip could just be a test of the support levels once again. And the patience of the holders I guess, its just waiting for those who have weak hands to just drop the wait.

BABY SHOES

sr. member

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Oktobull
Uptober

The skeptics of this month Oktobear.

Well historically Coinglass data October is a favorable month which would be a pretty good upturn... Since it's only the beginning of the month we can't see now maybe in the next few weeks there will be a change in the upturn.

$crypto$

legendary

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October will be Bullish, after the previous month looked quite good.

Prices are now falling a little bit, some people attribute this to the war between Iran and Israel causing the market to correct, but honestly I don't care about that maybe at the beginning it didn't show a green candle but who knows in the middle of the month it showed signs of a significant increase.

October is a positive trend.

EarnOnVictor

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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...

Of course, it's clear that most people on Bitcointalk believe history will always repeat itself, but it is seriously failing them now. I've always warned that the past performance of any asset is not always the future indicative of what would continue to happen. Most people here only know what is called an Investment during the crypto-era, they lack the experience and wisdom of investment.

Everyone should now perish the idea that Bitcoin will always behave like before!

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.
-chart edited out-

As seen on the weekly chart above, Bitcoin has ever been struggling to rise further for a while, September only joined the league of the subsequent failed attempt. But one thing is obvious on the chart, the attempts always get to a certain top to sell pullback again and have now formed a pattern. This started in April, only a decisive breakout can cause a change. Bearish bias is next in October judging by the pattern, the trendline is also supportive of this.

retreat

sr. member

Activity: 1106

Merit: 391

I voted for Bullish.

I see that October was a pretty good month for Bitcoin and it is likely that the price of Bitcoin will go up this month if we see some good news that might come up. Right now investors are waiting and seeing how the market is doing, if there is no negative news at the beginning of this month, it is very likely that these investors will enter the market and start buying Bitcoin. And also for institutions that might consider buying more Bitcoin this month will further strengthen the chances for the price of Bitcoin to go up.

virasog

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Quote from: Oshio-man on October 02, 2024, 08:16:36 AM

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.

pawel7777

legendary

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Tough choice, but I voted bullish.
October has historically been the most profitable month considering median (not average) percentage performance, the best in terms of average performance is November.
The problem is almost everyone expects the price to follow that trend, but the market likes to move in the opposite direction to what the majority predicts. We somehow broke the trend and September (historically a losing month) finished with a positive growth, so there's nothing stopping October to also break the trend but in the opposite direction. And when things don't look good around the middle of the month, a panic might kick in and some investors might be heading for the exit.
All in all, I'm staying positive and think there are more signs indicating we might start an upward trajectory soon.

Oshio-man

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OrangeFren.com

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.

hugeblack

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I think you need to define the uptrend, if the month ends in green it means it ended higher but some want to see highs like +$72,000 which may happen (or not) during the current month. Frankly it is the beginning of the month and it is difficult to know what the trend will be especially since the positive effects (interest rate cut) are not available which means that most of the effects will be negative.

Oshosondy

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Gamble responsibly

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

But we are just in the second of October. This month can still be for the bulls. I vote for the up direction. We can still go above $65000 again.

Kemarit

legendary

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I voted for Bullish. Although in the beginning of this month, we have seen like a small correction, but I think this is just a normal as investors could have taken some profits when it reaches $65,000-$66,000. However, I think there could still be some push for the whole month of October.

Looking at it's past history, October is very bullish specially in a halving year. So if we go past $65,000 again, we could be very well going into the $70,000 at the end of the month. Although there are still geo-political tensions in the Middle East, I think in the second half of this month, we might see some good and positive movement.

Topic: BTC Sentiment Poll for October - page 5. (Read 1123 times)