Topic: Share your opinion on the market. - page 4. (Read 1273 times)

BTC's current price target is positive but its movement is slow. It seems that the market will turn bullish anytime it gets a positive signal. But it has to wait for some more time to get that positive signal. If we get the expected ETF approval on 17th of this month, then there may be high bullish momentum but that is depend on the result. Moreover, we are almost at the end of this year and we can already see a bullish movement of BTC based on the upcoming halving. The chart you show makes a prediction though it is older but with current condition it is logical. The market is currently at around 27500 where we can see BTC move a little further to the upside. The market may rich between $29000  to $30000 in these days.

Yes past Historical data are there for reference and not a guarantee of future results,  However, History repeats itself but at some point, it may either rhyme or may not rhyme. we have seen in the past where we have some months that are favorable or not favorable when it comes to the price of Bitcoin, and when we get to such a month in the future we have the same reaction to the price.
I kind of think the month of October will close bullish.

History is just one of the data for us to refer to and make predictions about the future, there is no guarantee or certainty that history will always repeat. If everything always repeats itself down to every detail, do you think bitcoin will still be unpredictable? You should only refer to past data, do not believe too much that everything will repeat in every detail, that is not how the market operates, and is not the way for you to survive in this market.

By the way, October has historically been a good month for bitcoin but there is no guarantee that will happen again.

sorry, I think I'm going to be a little off topic, but from history, Bitcoin always experiences a decline in September to December when the bear market occurs, but why is Bitcoin currently going up and sideways then trying to go up again, it should have been at the end of September when Bitcoin closed. the price is 25,000$ and below.
Is it the factor of the large number of dollars being printed every time that keeps the price of Bitcoin stable?
even though it actually has to go down.
Any opinions would be greatly appreciated.

Yes, the market is healthier not only because we have tasted $27-28k, it have happened before but this time around is going up not sticking around in a very low price for long. When we experienced $30k it didn't last up to a week or get to $31k, it went down to $25k so to me I feel this is a positive start to hit $30k and even surpass it by this month.
We just have to be positive on the way the market price is making it's way to a price we haven't seen in recent months, so I feel this month of October is going to be much better than previous ones, after the fall of Bitcoin price and now we see something different and it's heading to the direction many are expecting it to be you telling me that it isn't a healthy month?🤔

we are not looking for Bullish this year even in last quarter but what we are at least seeking for good refuge because the whole 2023 seems to be a bad days for all bitcoin supporters.
I even believe that 30k is our maintaining value but look at it now, staying low the whole year.
yeah we broke once 30k but drops again and never made it back.
healthier just because we tasted 27-28k? but we have 30k in the recent month so what are the difference from this month?

The biggest bull market was when the price of Bitcoin moved around $15,000. There have been various discussions and many predictions are made about the Bitcoin market where Bitcoin will go in the coming years. Although not much has changed in the market this year, we will see some changes in the Bitcoin market in the next year. We know that the Bitcoin market halves every four years and the following year begins a Bitcoin bull market. The first time we saw a bull market was in 2013, that bull market occurs every four years.
After the halving of the Bitcoin market, the bull market started as it has happened in the past and will happen in the future as well. Accordingly,

When the Bitcoin market first halved in 2012, the price of Bitcoin was $12.20. The year after the halving happened in 2013, the price of Bitcoin turned into a fertilizer market and the price of Bitcoin to ATH was $1000+.

Then when Bitcoin started its second in 2016 its Bitcoin price was $651. The year after the bitcoin halving saw another bull market in 2017 and the bitcoin market peaked. In 2017, the price of Bitcoin touched $19,800 a new ATH and made history.

Now let's look at Bitcoin's 3rd halving, when the Bitcoin market was once again in a bear market, just four years after another bull market. Later when another Bitcoin halving happened in 2020, the price of Bitcoin was $9756 at the time of the halving. Just then the following year in 2021, the price of Bitcoin increased overnight and reached its peak with the start of a bull market. And 2021 saw a huge bull run in the market, and the price of Bitcoin touched $69000 in new ATH, the highest level in history. And then again Bitcoin dumped the market and fell into a bear market.

Now let's come to when Bitcoin's 4th halving could happen. As we've seen in the past, Bitcoin market halvings typically occur after four years. Accordingly, we are currently in a bear market and there is an opportunity for us to move into a bull market. Now it is difficult to say how many dollars Bitcoin will be worth after the halving in 2024, but many predict that after the halving Bitcoin will be worth between $50k and $60k. And when the bull market hits the market next year, Bitcoin will cross $100,000, which is predicted by most pundits. As we have seen many bull markets and halvings in the past, we can predict that the Bitcoin market will cross $100,000 in 2025.

hopefully this is true, if in this october there will be significant change towards the trend in which gonna be continued to the end of the year it will be massive.
but I think bullish will only occurred in the next year, i just have feeling that this year around would just be price swing.

After all the experiences that you have witnessed on this market for a couple of years or lets say 5-7 years based up on experience then for sure that kind of excitement and positivity would really be diminished.
Why? you've been able to witness those ups and down in the market and how many times that it would really be breaking out your expectations and guesses and this is why you are already getting used to it.
Everytime that the market would really be making some pumps then you wont really be getting that excited because you do already know on what would happen next.

The thing here is that on the time that you are considered to be that experienced then you do already know on what to do and whats not. You are aware on how the market works and how it behaves on which
it would really be just that ideal that you would really be acting basing up on the experience that you had attained over the years. Not all would be that able to succeed though but
having that experience would really be helping you out to sustain this unpredictable market.

The market price is becoming more healthier by the day, the month of October is going to yield something great with the market price @$27k and I believe this current price is not ready to flop or should I say go back to $26k.
I just feel $28k is warming up and this is where investors are expecting something higher than what we're seeing at this point in time.
No blogger or any of these analyst that can use their predictions to cage the minds of traders or investors into believing that this month is going to end the way September ended with a lower price of Bitcoin.

I would guess that the "waiting" period is the hardest when you know it is getting near to the end. Like last year during these same months I didn't feel any urgency because I knew that we would have to wait even longer and 2022 was a bad time and 2023 would be barely better, so I had more time to wait and it didn't feel all that exciting at all.

But now when I look at it today, it feels a bit better and I feel like it is going to do well enough and should be considered something that would be nice. I hope that it gets to a point where we could end up with something nice, and should be considered profitable as well. I know that it is going to take a while but that doesn't mean that we are going to end up with better results soon.

I was referring to the halving events and potential approval of ETFs. More positive news will likely  follow to create a FOMO in the market which will cause a rally towards a new ATH.

In the short term i anticipate a slight correction and possible fud from Binance. We have already seen how the SEC is working to disrupt binances services by filing lawsuits against them. Perhaps it's because they think binance is the reason behind the collaspe and want revenge. Despite this i remain optimistic and expecting a positive outcome.

Should we fasten our seat belts this October?
That's my question regarding our optimistic attitude that this October there will be big movements even though we are only a speculator.
I have my own observations if a big movement will occur this month. Maybe at the end of October there will be some event that can encourage positive changes for the price of bitcoin.

I'm still very young at speculating on the state of the market, but this picture makes a strong case that October is off to a happy start.

Which event? I don't see any positive news coming to the market in the coming days, other than everyone looking forward to the bitcoin halving event. But as an investor, we should always be optimistic no matter what happens because when we are optimistic, we will have enough strength to overcome all difficulties in the market.

In short, the future is unpredictable, as a wise investor, we should always be mentally prepared and have a plan for every possible scenario. Don't be too subjective, and absolutely don't be pessimistic.

It's easy to say that but it's difficult for bitcoin to break through resistance above $30K - so far it can only break through to $31K after that bitcoin fell again to be in the range of $25K to $27K - $30K is more correct to say sideways because bitcoin doesn't really move too much significant.

In the short term it is still difficult, but for those in the long term it is not a matter of worry and remains calm.

Don't know what the important part is, whether they are only concerned with the short term for the need for quick profits but panic is always there or with the long term with little calm who will definitely wait for the next cycle, this is a scenario where many investors struggle for the long term.

Yeah, we are not going to go from 25k to 75k in a day, that's not how it works at all. I think the best way to approach this would be getting your point one by one, so you are going to end up with 28k then 30k then 35k then 40k type of increases and that's how you are going to be the most important case.

That's going to be an important thing, because that small by small makes people doubt about it and that's what you are going to end up getting the most important part, because all those who doubt it will not end up with a return and should be careful about it. I think if you get in early and not doubt it for as long as possible then you are going to make a profit.

History doesn't repeat itself every time; September can be an example of that. For the past few years September has been mostly red but this time we saw a positive outcome from the bitcoin price. This is significant as there have been a lot of things that have happened in the cyrpto space that have never happened before. My sentiment is more on the positive side. All the catalyst events that are upcoming can bring lots of excitement to the market.

If you are a believer in history repeating itself, you will see that people have reason to hope bitcoin will increase in price again this month. Once we talk about the future, none of us can give any proof because it hasn't happened yet, so don't ask for proof when talking about the future. When people expect bitcoin to increase in price, it is just their optimism about bitcoin, not that they are overvaluing bitcoin. Because no investor wants to lose money, including you.

I think those who assume that Bitcoin will experience an increase have certain reasons, but in every assumption they make, nothing has actually happened. Every time someone collects bitcoin, of course they will make their own assumptions about the price of Bitcoin and of course they are very confident that the price of Bitcoin will still rise again even though it experiences a decline, so they choose to hold on to it until they make a profit. I agree with you that everyone is overestimating Bitcoin and they can't provide proper proof of Bitcoin's price at the end of this month.

I have always been skeptical about the possibility of bitcoin being able to maintain the latest support price while breaking through resistance if the resistance is broken within 24 hours. It is too easy for people to panic and change their trading plans - as a result the price reverses and returns to previous support.

I think day trading is probably still quite profitable compared to long term investments in the short term at the moment - but when bitcoin regains its best momentum then I believe they will all FOMO.

That's just a prediction that won't be accurate without high bitcoin demand relative to selling interest - but there's still good hope considering October is only in its first week. I'll be watching to see whether we test new resistance or whether new support will be tested - but I'm still optimistic about being bullish this October.