Do not be suddenly happy that it went up, September started not that bad neither and then we know what happened. This is why I believe that there is a good chance we could end up with a bad fall later on the month as well. Not because it will happen, but at the end of the day this start also doesn't guarantee that it will be a great month neither, it is really different from each other.
I personally believe that it is not really that difficult to end up doing anything at all based on previous days, I would say do it based on your predictions for the future. Draw a line there a line here everyone draws charts and lines and make stuff up, if people could get rich by drawing lines then they would have already been wealthy by now and not be drawing lines, just look at the fundamentals and you will see that bitcoin would be doing something and you will get it too.
Topic: October Bitcoin bull month. - page 5. (Read 938 times)
this is a good start in october, if the price continues to move up and can penetrate $50k, most likely in the next two months the price will continue to rise and can pass ATH this year. but as we all know that so far the price of bitcoin is very difficult to break through $50k, so it's possible that when the price approaches $50k the price of bitcoin will experience another correction.
Its hard to break since we need more volume as of now but if we are close to reach to that figures then its given that we will hit that price mark but for now hopefully there's no major interruption like china make fuds so that we can see some greatness this last quarter of this year but I doubt that we can reach the 6 digits figures speculated by some of the members here since I think this need a lot to take before that to be happen.
According to Cointelegraph, the BTC bull run has "at least 6 months to go".
The Bitcoin/USD pair faces an increasingly bullish macro environment and a host of expectations from analysts who expect October to be a game-changer. In their article, Cointelegraph analyzed what factors could be next to move the market in the coming days.
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$50,000 may not come easily, but zooming out, there's barely a bear in the house when it comes to Bitcoin price action.
The Bitcoin/USD pair faces an increasingly bullish macro environment and a host of expectations from analysts who expect October to be a game-changer. In their article, Cointelegraph analyzed what factors could be next to move the market in the coming days.
- Markets brace for "tumultuous ride" this October - Stocks may have had a flat September, but the first few days of the new month have already shown how just a little good news can see Bitcoin outperform the macro pack.
- $50,000, but not yet - After clipping $49,000 over the weekend, Bitcoin is clearly lining up an attack on the all-important $50,000 mark
- New hash rate all-time highs trickle in - You can never know for sure, but by some estimates, Bitcoin hash rate has already hit new all-time highs.
- Halfway through? - It's no secret that Bitcoin’s best-known analysts are calling for a spectacular Q4 performance from BTC price action.
- Pricing in a Bitcoin ETF - As Cointelegraph reported, the odds are on for some sort of Bitcoin exchange-traded fund (ETF) to get U.S. regulatory approval this month.
this is a good start in october, if the price continues to move up and can penetrate $50k, most likely in the next two months the price will continue to rise and can pass ATH this year. but as we all know that so far the price of bitcoin is very difficult to break through $50k, so it's possible that when the price approaches $50k the price of bitcoin will experience another correction.
All of these dips occurred after the BTC reached a high of $ 52K before the start of september and the crypto markets were seemingly bright at the time prices were not so hot in september metrics from a recent cryptocurrency report showed that institutional products associated with BTC looked somewhat upside. BTC 1 october near the $ 50K zone, crypto assets have some resistance to fight the 50K handle and even when it reaches $ 53K.
quite a drastic increase from $42k to $47k, but I'm still not too sure if this is a bull market. so far the price of bitcoin has continued to revolve between $45k - $49k for quite a long time, so I think the price increase that occurred a few days ago is the usual price increase that often occurs in bitcoin. there won't be a bull market until bitcoin actually crosses $50k because that's a very difficult line of resistance for bitcoin to break.
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's a very good start for october bull, the market price seems stronger compared to weeks ago where the price ups and down in few days interval.
We hope this bring back the running investors caused by the big dump this year.
We also see there are new projects launched their coin sale, this is the best time to comeback if you're already stop investing.
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's a very good start for october bull, the market price seems stronger compared to weeks ago where the price ups and down in few days interval.
We hope this bring back the running investors caused by the big dump this year.
We also see there are new projects launched their coin sale, this is the best time to comeback if you're already stop investing.
Attempted breakout on 1hr bars, reversing back to prior resistance level. Have to watch this isnt the top for now, its quite important we resolve upwards between resistance and momentum. Near term 48k would be nice but imo just above 45k is viable for any pullback to continue upwards anyway and that also is the weekly average which I consider a reliable gauge as to ongoing sentiment in price action.
Yeah, I'm also watching the trading pattern right now, and it seems that we have reach $49k but it reverted back to the resistance level again. Above $43k would be good in my opinion, that is the next support level and we haven't gone to this level another a pullback.
Too early for this week though, we might see an attempt to break $48k in the next hour, so let's see how it goes. It seems we have reach the peak of the upward sentiments.
Attempted breakout on 1hr bars, reversing back to prior resistance level. Have to watch this isnt the top for now, its quite important we resolve upwards between resistance and momentum. Near term 48k would be nice but imo just above 45k is viable for any pullback to continue upwards anyway and that also is the weekly average which I consider a reliable gauge as to ongoing sentiment in price action.
While we're expecting a good month of October, there go some popular personalities that are giving this month a bearish prediction. Before August has ended, Robert Kiyosaki gave a negative prediction for this month. We've known the guy to be a bullish folk but as he says about this possible crash to come, it's the best time to accumulate if it happens for bitcoin.
(https://www.kitco.com/news/2021-09-29/Robert-Kiyosaki-The-biggest-crash-of-world-history-hits-this-October.html?fbclid=IwAR2yVvDAiw5SI42KyIorHs67gpcISc5tqfZxRSazD-GJ2Css7jobOndVaEg)
(https://www.kitco.com/news/2021-09-29/Robert-Kiyosaki-The-biggest-crash-of-world-history-hits-this-October.html?fbclid=IwAR2yVvDAiw5SI42KyIorHs67gpcISc5tqfZxRSazD-GJ2Css7jobOndVaEg)
we started this month with a pretty high price. for a starting point, the $50k price might be the initial target. for bullish information this month, it seems not too much. but, one thing I believe, and usually happens, at the end of the year, the price of cryptocurrencies, especially bitcoin will have a high price. other than that, I hope to see a new ATH this month. that way we can see a new ATH which is likely to be close to $100k in the remaining months of the year.
Checking the history have seen that October month notably is a bull run story on most of the times. So if just going by that stats we can see btc crossing 50 k again. As well if we see from last couple of days market have started to move and btc is now at 48k. So is it just a beginning of an another rally?
Hopefully we can see the same scenario before since if we can reach up to the figures given maybe we can see another bull but if not atleast we are goinh strong for maintaining at this current price mark. Let see what will happen next since for sure most of the people are thinking about bullish especially when we heading at 4th quarter of the year.
Most of the time when Bitcoin goes bull in an extended period, an unexpected dump will happen that would surprise us and it won't even be near our technical analysis.
It dumps so hard that no one even predicted it. I can see a lot of analysis going beyond $80k but I rarely see someone expects at the lower range for a new bottom. It can happen, it does happen, that's why I am hoping this could be the slowest rise as possible for that "maintain" thing to happen.
Checking the history have seen that October month notably is a bull run story on most of the times. So if just going by that stats we can see btc crossing 50 k again. As well if we see from last couple of days market have started to move and btc is now at 48k. So is it just a beginning of an another rally?
It could be a start of a new rally and pushing as high as $52k again (previous highest high).
But we will have to see, yes, historically October is the start of a fresh rally, and we are just starting the month and seen huge gains already. But we all know that we can't sustain that run, not unless a FOMO sets in. We need more news before convincing new investors to join the fun, at least see how it goes for the next three month. Volumes is relatively strong now, hash rate is normal or above, so everything looks good this October.
Checking the history have seen that October month notably is a bull run story on most of the times. So if just going by that stats we can see btc crossing 50 k again. As well if we see from last couple of days market have started to move and btc is now at 48k. So is it just a beginning of an another rally?
Hopefully we can see the same scenario before since if we can reach up to the figures given maybe we can see another bull but if not atleast we are goinh strong for maintaining at this current price mark. Let see what will happen next since for sure most of the people are thinking about bullish especially when we heading at 4th quarter of the year.
Checking the history have seen that October month notably is a bull run story on most of the times. So if just going by that stats we can see btc crossing 50 k again. As well if we see from last couple of days market have started to move and btc is now at 48k. So is it just a beginning of an another rally?
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 is very difficult to predict, bitcoin can change in a matter of days, weeks, months and years, therefore investing in bitcoin Many people say it is quite risky, but conditions like that do not mean bitcoin is not worth investing in, the bull market that happened to bitcoin is a very bad thing. often happens, therefore it is necessary to analyze bitcoin on a daily basis and continue to monitor developments in the market, bitcoin trends will usually continue to improve if there is a correction.
Hopefully, this month will be good for us to see that the bitcoin bull will come so we can back to sell bitcoin at a high price. But it seems the price is held for a moment for increasing because the price is not going higher or lower but is staying at the current level now. But it could be because bitcoin is now still at the weekend, which usually gets the correction. Who knows, tomorrow will be the time for bitcoin to increase. I am still waiting for bitcoin to reach $50k-$60k this year and hopefully, the price will make a new ATH before the end of this year.
September was really bad for Bitcoin again like many people predicted. Bitcoin really doesn't like that month. Thankfully, October has started really well as Bitcoin price climbed to $48k in a short time. People have started wondering whether Bitcoin price will manage to climb over $50k again soon. And the Golden Cross is also an incident that is waited for excitingly. Many people have started making long-term investments and started waiting.
and there are no negative issues that shake people's confidence or many people's intentions when it comes to investing.
That's impossible. Even If Bitcoin in general is performing very well, FUDsters are always around the corner waiting for perfect timing to make a bad news that will potentially pull the price down. However, that's the normal market cycle of how volatile crypto assets are with or without FUDs. There are always a season for selling and buying even without the FUD.
The month of October has indeed opened with a good run after the China FUD. I'm kinda surprised It hasn't stayed for a few more weeks.
We can't expect such good run every month for Bitcoin. Yes, the positive news can help it stay higher for longer but it will eventually come back down to reality. In other words, crypto is real, but that doesn't mean it has to be over-traded. You can always remain on the sidelines and allow the market to react to the news. And you can always buy back in when it's not so bubbly.
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