Topic: October Bitcoin bull month. (Read 938 times)
Bitcoin performance this month of October alone has been outrageous. It started it's race briefly few weeks after China finally pulling plug to the length of smashing the initial ATH. I think Bitcoin at 100k is very much possible with this outstanding performance.
October was a bullish month for Bitcoin and the crypto market has bounced back from last September's selling pressure which is quite interesting as it seems to set the bottom of the mid-term trend. Even in October also bitcoin created a new ATH record. the current price spike will push the Bitcoin price higher where the Bitcoin price will likely hit $80k in the rest of the year.
bitcoin has started to return to the green zone again after several days of market price correction. today's market price correction is just a normal correction and we panicked because now it's back to normal prices. bitcoin has strong support so recovery is very fast in case of price slump. we are waiting for bitcoin to jump the latest ATH at the next intersection.
October was a bullish month for Bitcoin and the crypto market has bounced back from last September's selling pressure which is quite interesting as it seems to set the bottom of the mid-term trend. Even in October also bitcoin created a new ATH record. the current price spike will push the Bitcoin price higher where the Bitcoin price will likely hit $80k in the rest of the year.
Most of the month has been bullish, it had a strong trend not often seen and that matched the ETF news. That news is now here and its back to reality and actual supply demand flows rather then speculative buys ahead of news like that, its common for some kind of drop back to occur.
Now we have to observe the rate of the pullback from the new high and the support in the price action that would indicate how we progress to close the month. The most obvious answer to me is we go sideways and consolidate our price gains. That could be as high as 59k area or the low 50's depending how many more buyers meet those cashing out their month gains.
Now we have to observe the rate of the pullback from the new high and the support in the price action that would indicate how we progress to close the month. The most obvious answer to me is we go sideways and consolidate our price gains. That could be as high as 59k area or the low 50's depending how many more buyers meet those cashing out their month gains.
Its been trending up above the 12hr average for a couple days now which is very rapid gains. Its sitting on that now but it would seem possible it sets some new pricing in the 70k range before month end. It doesnt have to keep going up but so far theres nothing to doubt it so assume its going to be positive trending price until broken and substantially altered otherwise.
The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.
in this october a new bitcoin ATH is created, most likely there will be another new ATH created before 2021 ends (maybe in november or december). news about bitcoin for some of this time is very positive. keep hold, because holder is the winner 
October has been a big lucky month for bitcoin adopters, where investors are screaming that they've got their winnings back after months of going through painful market conditions before. bitcoin has received high support this october and is doing well.
I suppose you are referring to new investors because for those that endured the difficult years after the crash that we saw at the end of 2017 this is nothing, even if someone that was still around during those times was facing huge losses I doubt they would have panicked or were desperate as they knew already the price of bitcoin can move down extremely quickly and the crash to 30k while important was nothing compared to the crashes we have seen in the past.
October has become a market month because the month that is widely monitored by the world on bitcoin developments. The Pro-Shares company launched the world's first Exchange Traded Fund or ETF Bitcoin Futures product in October 2021 and the market is getting bullied.
This month, the BTC is close to reaching its last ATH, it will be very little, however the demand that has entered the market has been enormous, this article refers to it:
Bitcoin Tops $63K on Strong ETF Debut and Grayscale Filing
For now it is possible to see a small correction of BTC, it all depends on how the market continues to move, if the emotions are enough to reach the ATH and exceed it, anything is possible.
Bitcoin Tops $63K on Strong ETF Debut and Grayscale Filing
Quote
In other news, leading cryptocurrency asset manager Grayscale has officially filed with the U.S. Securities and Commission to convert the world's largest Bitcoin fund into a spot ETF, describing it as the "next natural step."
Source: https://u.today/bitcoin-tops-63k-on-strong-etf-debut-and-grayscale-filingFor now it is possible to see a small correction of BTC, it all depends on how the market continues to move, if the emotions are enough to reach the ATH and exceed it, anything is possible.
I just found one tweet from someone that was done in June 2021, honestly I was very surprised by what he predicted long before the bitcoin price rose to what it is today, whether coincidentally or not but I think his prediction might be able to come true and it is possible that we will see a bitcoin price of $135K by the end of this year.
Hopefully....!
Hopefully....!
Looking at this tweet it looks like bitcoin is in the scenario they have created or this all seems like a coincidence. but I'm sure the market price seems like a scenario that has been created by market authorities with the aim of getting as much profit as possible. If this tweet has a very accurate signal, then bitcoin will continue to bullrun until it reaches a high of $135k later this year.
I just found one tweet from someone that was done in June 2021, honestly I was very surprised by what he predicted long before the bitcoin price rose to what it is today, whether coincidentally or not but I think his prediction might be able to come true and it is possible that we will see a bitcoin price of $135K by the end of this year.
Hopefully....!
Hopefully....!
The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.
It is not because the price of btc is rising in October we should call October as a Bitcoin bull month. There are also a lot of price hike before that is not happen in october. The bullrun depends on the market demands if the demands is high on October then the price will surely rise on October and there is no doubt on it. The news from U.S and other country that decide not to ban or legalized crypto makes the price surge maybe not only on October but also at the end of this year. Indeed the month of October as expectations for a rally in bitcoin and altcoin prices. In October bitcoin performed well which shows the price continues to rise significantly. Bitcoin price continues to soar above $62k today when compared to the price position a few weeks ago. I expect bitcoin to hit a new all-time high again by the end of October.
Bitcoin Futures ETF begins today, so we will see the pulse of the market in the next coming weeks what will be the sentiments of people towards this approval of BTC ETF. I have the feeling that this bullish run is owed also to this SEC's btc ETF approval. If more crypto related ETFs will be approved in the next coming months, this rise will continue. Though we may experience dump from time to time but still the value won't go down much. We may see a new ATH before the end of this year, and that means, this year will be a very good one for btc despite of the pandemic crisis.
Indeed the month of October as expectations for a rally in bitcoin and altcoin prices. In October bitcoin performed well which shows the price continues to rise significantly. Bitcoin price continues to soar above $62k today when compared to the price position a few weeks ago. I expect bitcoin to hit a new all-time high again by the end of October.
You are right, while different analysts gave different price predictions for BTC for the month of October, most of them accurately predicted that the price would be on the uptrend. My fingers are crossed to know what effect the approved BTC ETF by Proshares would have on BTC in the new week. October has been a really good month for many altcoins also.
Market conditions like this are what many people want in investing, almost completely the increase in bitcoin prices affects existing altcoins, even if you look at market conditions, almost everything is on the green line, the bitcoin trend will continue in the market, if in a few months it continues to improve and it is likely it would be above average for all the coins in existence, october is a very good month for anyone with previous investments.
Market conditions like this are what many people want in investing, almost completely the increase in bitcoin prices affects existing altcoins, even if you look at market conditions, almost everything is on the green line, the bitcoin trend will continue in the market, if in a few months it continues to improve and it is likely it would be above average for all the coins in existence, october is a very good month for anyone with previous investments.
I would say that market conditions are exactly the reason why people end up selling eventually. We have increased like crazy and right now it is not doing something anymore and it is getting to a situation where it would mean that people will start to sell the things they own. I mean right now crypto is not making you a lot of profit, not in the past week or month but NOW and that means the most important thing.You have to realize that market doesn't have any emotions, market doesn't care if you are about to pay your mortgage or you are about to pay your student loans, the moment market realizes that they are not making enough profit then they are going to start selling everything which looks closer and closer right now.
October has been a big lucky month for bitcoin adopters, where investors are screaming that they've got their winnings back after months of going through painful market conditions before. bitcoin has received high support this october and is doing well.
I suppose you are referring to new investors because for those that endured the difficult years after the crash that we saw at the end of 2017 this is nothing, even if someone that was still around during those times was facing huge losses I doubt they would have panicked or were desperate as they knew already the price of bitcoin can move down extremely quickly and the crash to 30k while important was nothing compared to the crashes we have seen in the past.The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.
bitcoin has reached its maximum price for this year, bitcoin is the only coin that is able to give a surprise from the market correction that occurred in the past months, analysts' predictions are almost all correct, although the numbers they predict are different, and i believe bitcoin at the end of this year will reach more than the current price, if you look at market conditions and the current trend towards bitcoin, october is a very special month for people who own bitcoin, even quite profitable for them investors.
You are right, while different analysts gave different price predictions for BTC for the month of October, most of them accurately predicted that the price would be on the uptrend. My fingers are crossed to know what effect the approved BTC ETF by Proshares would have on BTC in the new week. October has been a really good month for many altcoins also.
Indeed, the price of Bitcoin rose again in early October. The re-greening of bitcoin prices is also due to seasonal factors. Some analysts say October is usually a bullish month for bitcoin and altcoin prices. I believe the price of bitcoin will continue to strengthen and expect the upward trend to continue until the end of this year.
The first week of October has been great for btc, btc is trading at 54k$ up more than 20% from the end of September. But do not rest in victory, the uptrend is still there but the market is very unpredictable so be careful with any next move of btc. I have not seen any positive increase for alts, btc increases alts does not increase, btc decreases alts plummets. All predictions lead to such scenario, the big rise in fall. Some even say this is only beginning and real rise is yet to come.
However, my experience thought me than with Bitcoin you never know for sure and corrections of price are always possible. At the moment we don't know what the next movements China is planning and that might influence the price in negative way too. So, the best thing is to keep eye close on the market.
October has been a big lucky month for bitcoin adopters, where investors are screaming that they've got their winnings back after months of going through painful market conditions before. bitcoin has received high support this october and is doing well.
I suppose you are referring to new investors because for those that endured the difficult years after the crash that we saw at the end of 2017 this is nothing, even if someone that was still around during those times was facing huge losses I doubt they would have panicked or were desperate as they knew already the price of bitcoin can move down extremely quickly and the crash to 30k while important was nothing compared to the crashes we have seen in the past. Jump to: