Topic: October Bitcoin bull month. - page 7. (Read 938 times)

I also expect to be bullish this month, at least the price will reach $55k again.
based on price prediction analysis on cointelegraph said that this month, the price of bitcoin could reach the price of $ 63k if bullish occurs. it would certainly be the new ATH, or close to the ATH for bitcoin. however, in the near term, it is estimated that the bitcoin price could reach $52k. that's a great starting point. however, in the event of a bear market, there is a possibility that the price of bitcoin will reach back down to the price of $44k to $46k.

source : https://cointelegraph.com/news/price-analysis-10-1-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni

We already see the bitcoin price increased at the beginning of this month and hopefully, that will not stop at the current price now but still increase more.
The positive and negative news will always happen to the market and as long as we can stay calm and not panic, we will be able to use that moment for our benefit.
No need to think much about what the whale did because if you can follow where the whales go, you can expect to make a profit too.
Bitcoin itself will be up and down many times but somehow, the news sometimes affects the price but that will not always affect it.

Sometimes I don’t believe the news that is spreading around that is responsible for Bitcoin price movement at any point in time, bitcoin has gone above the stage where just any news affects its price I think the traders and whales are responsible for whatever price action we see in the market.

Generally the Q4 for crypto is very bullish. And this is what everybody is hoping for. Similar to how everybody in 2018 was assuming Q4 would be bullish and would push us away from $6K and into a new ATH of $20K and instead the opposite happened.

Its hard to say this will happen. What is different now from 2018 is that back in 2018 if I recall the funding rate is neutral or a little positive, right now its the opposite. Its either neutral or little negative. Which means in 2018 people were leveraged long and now people are leveraged short a little. Usually when this happens the complete opposite is in store for the bear. However I really think that we might get a 2013 repeat where we peaked in April and then peaked again in November. However I am unsure if we can breach $100K. Maybe top will be like $80K or something similar.

I check also my portfolio 2x already in the last 24 hours and I was surprised to see the upward trend. See the price from $44k and then $47k-$48k, felt good.

So it could be the start of the second phase of the bull run, or this could be a trap, we really can't say at this point. At least the Powell statement that US will not ban crypto is a good thing to all of us. It's a positive move, unlike China who has totally ban it.

Why not though? Bull run is here again, if history repeats itself and if S2F holds true for this year, then this would be the final leg up leading to at least $100,000++ at the end of the year.

The last three months should be bullish, $50,000 is up there again, maybe next week we will see the price jumping on that range and then at least $60,000 at the end of the month. Hopefully this is the scenario that will happen, so let's see how it pan out. Just surprising though to see a huge pump in the last 24 hours.

Looking at my portfolio. A bit of increase happened. Slowly, I'm expecting the upward trend will emerge again.

But I don't mind if it won't be this month. A positive market takes a process to become an uptrend. For now, let's do our best to gather coins at the current price. There will be questions again if it's ok to buy at the high price now once the bull runs back. A question that keeps hunting those always confused.

And as we are waiting for such sustained bullish run, why not accumulate more of the coins that you believe have very bright future? In this market, there is no right or wrong entry, that is, if you know how to take advantage of the market. So for those newcomers, don't fret that you just got here. Because for sure, you will also regret in the future if you haven't joined now. The market is giving us good signals again but when it starts declining, people will panic as usual. Just a cycle of life in this market. Now, it is up to you how will you take part on this market.

For me, we are still at the start of the month so probably there are still price corrections that might affect the market again. So it's a good thing that we should not expect much with this current increase because we are still not sure if this is the start of a bull run that we are all expecting of. What we should do right now is just to observe the market at least for a week and we'll see by then what will happen next. Staying positive is a good attitude too because its really one way of attracting profits to come in your way.

Hopefully, it will. But for me, I'm not looking forward to it for now and really don't mind if a bull run will happen or not this month.

Last year, the start of bitcoin's bull run from reaching new ATH started this quarter. If the comeback to road $50,000 will not happen this month, there are still more months to come. The important thing is, it will happen no matter what. We just don't know when.

Prediction is not accurate. Everyone is positive because the market is gaining an increase. If predictions were based on the current happenings, it's not a good basis.

Even during a 100% strong bull market, the market can crash within just a few minutes.

What I'm trying to say here, let's not expect much some strong bull run this month but instead just wait patiently. If it will happen this month, then good.

I'm pretty sure they've delayed these decisions every single time ETFs have been proposed. I think Bitcoin ETFs just basically aren't even being considered by the SEC yet so they just delay it until they absolutely have to do some paper work to reject it. That's what they've done every time. I don't see doing the same thing they have always done as any indication that this time is different.

I don't expect an ETF any time soon. First the SEC will put out all their crypto regulations, which may start this Fall but will probably keep going through next year. Then eventually after exchanges and everyone is in compliance, and probably also waiting until Bitcoin market cap is a few times larger than it is now so that volatility is a bit lower, then they'll approve ETFs. Seems like 2023 would be a good bet.



When i woke up and saw the price up 10% I did see news that El Salvador had started mining Bitcoin with the volcano, some Mayor somewhere in the US will be giving every citizen of their small town $1000 of Bitcoin, and one or two other bullish bitcoin stories. I think maybe several pro-bitcoin stories hitting the news, plus Fed Chair Powell earlier (yesterday?) saying crypto won't be banned but stablecoins need regulation in a statement that was much more crypto-friendly than Yellen and Gensler have been, combined with probably just resistance breaking and Bitcoin continued to reject $40k is probably what finally sent it up quickly. Sort of a bunch of combined bullish factors all over like 24 hours. Maybe.

Don't get your hopes up yet since it's just a temporary bull run but you have the choice to make it's either to enjoy your profit with this recent pump or keep holding. Besides, this bull run won't last again since most whales would outplay us always with their market manipulation strategy. I believe this will just pump at $48k and won't pump any further unless there's a news that would says investors invested $100B to Bitcoin blah blah blah but nah, we won't be seeing it this year yet.

I posted this in the other thread:

https://bitcointalksearch.org/topic/m.58072021

Maybe investors saw this as a positive news, SEC delaying their approval, so still 50/50 if an ETF can be approved next month or not. A indication that SEC is really looking at it like in a microscope that's why they need additional 45 days, to make a decision. Imagine what kind of FOMO we are right now, and what if US SEC approved it? would be crazy price increase up to the end of the year and maybe see the price into the 6 digits. So everyone is jumping on the bandwagon.

Per checking there's a significant increase that exactly caused this recent rise as well as demand soar amazingly. This will be potential bullrun if current market trend will continue to remain at green signal, with minimal crash as part of corrections. Though we experienced last month's downturns I believed it's all part of market challenges as we faced hardships prior seeing future rallies, and the fulfillment of biggest predictions this year and so on.

Was there any news to make the price shoot up? I saw a few nice pieces of bitcoin news when I saw the price had pumped a few thousand dollars, but nothing that would make me think people would suddenly start piling money in. Maybe just resistance break or sentiment change after bouncing off low $40,000s once again?

It is definitely a good start and I have been thinking for some time that this is the month where the bull run will really begin, we have been thinking that we have been experiencing a bull run but I think the growth we are about to experiment is going to make the previous growth we have seen during the last 18 months to seem child’s play, obviously there is still a lot of room to cover but to me there is a big chance we will finally surpass the previous all time high, and when we do so this will generate FOMO like we have not ever seen in this market.

It would always be an unsure thing because neither bull run or not we cant be sure.If we had seen some significant price movement then that would really be just good on that point.

Not to be bitter with bitcoin but Im not really making out any conclusions that we are already having some good bull run on this month of October.We do keep speculating on things on where

it isn't still precise that it would really happen.Everything is random and cant be known, thing here is that you do know on how to position yourself in the market.

Too early to say that this is a bull month but its really good to see Bitcoin and the market on this level again, hopefully we continue this up trend this last quarter. Don’t get hype yet or fee any FOMO, just analyze the market and have a good entry price because its not too late yet. This happen almost every year, let’s see if we continue that trend every year.

I know I've grown accustomed to partying pretty hard the first week of November as a result of the Halloween crypto boom.  It always makes that time of year a little extra exciting.  Looking forward to more of the same. 

If the fractal pattern (stock to flow ratio) holds true, this is the last chance to get in before the pump.  I can't imagine the big money pouring in now would allow the stock to flow model breakdown, as that's their bread and butter if they're to convince the world a million dollar BTC in 2025 is a possibility.  That's where the hedge funds are eyeing making their money from Bitcoin, so I expect them to defend that model with a mountain of cash.  A mountain of cash I will be diving into like Scrooge McDuck.