Topic: Will October be the start of the green months to bull run peak? (Read 1690 times)

Thanks for adding that information, I just saw it and hadn't thought about it before, because I'm focusing on how Israel will respond after the Tel Aviv attack, whether they will retaliate with a brutal attack or not, because it looks like the Israeli president will bring his allies to fight against Tehran, the fear is that sanctions will be sprinkled again and some economic blocks will be disrupted again, not only that Ukraine and Russia have also heated up again, this may be a negative side that can be considered our thoughts in talking about the potential that could happen.

But from the US Economic data has indeed begun to improve again and that is a good thing to provide growth to the market, and we just need to see what will happen on October 10, and whether at the next Fed meeting will reduce interest rates again, if it is reduced again it will be something very positive for bitcoin and the entire market.

As I said, I don't deny that the news of the war in the Middle East is somewhat causing panic in the markets but I think someone is using that news to manipulate the markets more than the actual impact of the war. The war is not over yet and most people are waiting for Israel's next move, but again do you see anything? War news has been absent from the markets since the Non-Farm Payrolls report was released last night. The entire market rallied on the NF news as it somewhat confirmed that we are not going into a recession as unemployment falls and farm employment increases. We are being psychologically manipulated. I guess if the October 10 CPI news is positive then we will have a big growth in October despite the war news because people will no longer care about it.

Another sign is that after 3 consecutive days of negative market flows, bitcoin ETFs flows have also turned positive again. War fears have disappeared from the market  .


https://farside.co.uk/btc/

why do I say that the news of this war affects bitcoin, because many of us are traumatized as happened in Q4 2022 where Russia hit Ukraine and caused global panic, as well as global sanctions that caused the economy to be hampered, and that is what causes fear of the psychological period to withdraw its money when the world is chaotic from bitcoin, we must also remember that those who hold bitcoin today are not only individuals but agencies, by bringing habits to the stock market they also do it in bitcoin, and that is my biggest reason why this issue affects the price of bitcoin these days, in my analysis global sentiment is still very influential on the movement of bitcoin.

Yes, the sentence is no longer popping up on my twitter homepage either, maybe it has subsided enough, and indeed we should slowly continue to accumulate bitcoin before it gets crowded again.

The month is still fresh and with the way September left Bitcoin price one would thought that as soon as we step into October in the first 3 days the market price would continue going up to maybe $68-69k or even hitting the ATH but I still believe it would still go higher than we think, if not this month it could be ending of he year. We should give this month a chance to display what it has and I some how feel that October can be promising even better than August and September put together, currently we have Bitcoin price at $61k and I don't think it would fall back at the $58k like you said you're expecting it to be before you buy.

Everyone needs to remember we are only on the 4th October - we could have a down first 2 weeks and then a very good second half of October.

No need to panic, all I am doing is holding for now and will buy more if Bitcoin goes below $58k.

In fact, not only you but many people are also feeling a little disappointed or starting to feel depressed. This is understandable because in the last week of September, people start talking about "uptober" and are very confident in their predictions. People are so excited and optimistic, so when things don't turn out as expected, they feel extremely disappointed.

I don't deny that the news of war has affected bitcoin but I don't think it will have a serious impact on bitcoin and the market. I think what's going on is more manipulation than the real impact of war.
Personally, I believe that whether the war gets worse or calms down, it will not affect the market much. The market depends more on crowd psychology, as long as uptober is converted into "upover" then i think it will be a good sign for the market.


By the way, if you use X, you'll see that not many people are talking "uptober" anymore after just the first 4 days of October. That bodes well for us throughout October.

Previously it did not have a big impact because the attacks carried out by Iran were not so massive, but seeing the attacks on yesterday Airondom Iran could not withstand the big attack of Iran which had an impact on the great damage in Israel which caused extraordinary intelligence, on the other hand Putin changed the regulation about His nuclear warheads that threaten all countries that continue to take part in facilitating Ukraine's defense equipment to hold and attack Moscow, I think this is what makes Bitcoin experience an extraordinary decline.

Apparently Iran gets their Nuke perfected next week, thats just rumors and fears which can drive a market some but is not really something I can judge.   War is foolish, both sides know that already as the current violence is only a repeat of every other iteration.

Peak prices getting sold is also normal, what we can judge next is the low price which I estimate is 58k and if that happened its bullish.  The sell doesnt matter as much but marking that price as the low would be a subtle improvement over prior lows and so marks a greater high to follow may be possible.

If we went below September lows for example then the uncertainty is much higher and it just extends the timeline for any resolution to the current sideways drift in BTC.

if the impact of the war that occurred becomes a dominant factor in the current Bitcoin price decline, likely, the positive market sentiment towards the bullish that is expected to come this month could be reduced. the impact of the previous war which was big news carried out by Israel and Iran did not have a major impact on the Bitcoin market. but if this lasts long, I am afraid that a deeper price decline could occur. of course, that is not what is expected, but I am not so sure that the impact of this war will be really serious on the Bitcoin market.

A little disappointing for the beginning of this month because the first week at the beginning of October became red for Bitcoin and the entire Crypto market, this was because of the political geo sentiment that heated up again in early October, the first of Russia and Ukraine, then Iran and Israel increasingly flashed in recent days And that causes fear of escalation of war at the beginning of the month for risk assets. But my friends think October will be green in the second week and so on if the current war stops, we will remain optimistic for the growth of Bitcoin at the end of October, then a decline like this needs to be well utilized to accumulate more bitcoin, Before Bitcoin really grows quickly unbearable.

And this is the first time that it had happened, so we really know how we can deduce of that. That's why we are hearing that this cycle is going to be very different, as we have all time high pre-halving. So right now, we are still trying very hard to at least go to $70k which might not be happening or at least the chance are still as we have a minor correction again.


We can also say that on the month of September, majority thinks that it will not be a good month, but during the last week, we have surged ahead to $65-$66k and we have been green. So with that, we really don't know what October will bring, as if we look at the past, it seems to be a very good month, however, as we have said, we are in a different cycle or pattern so we don't know that to expect.

Staying calm and having that kind of behavior on which making up yourself that easily accepts on whatever things that do happen. Its never been that ideal that you are really anticipating or expecting something positive towards the market which we know that everything could happen when it comes into this aspect. If you will be that too optimistic then you are really that bound on such huge potential problem
or disappointment on the moment that the market will really be having that other movement or simple opposing on what you are expecting. For those who have been saying on being UPTOBER but look
at on what happened on the entrance of this month? Yes, it did make out some correction or the entire market is really that on red (but not really that deep though).

People that those expecting something having that bigger pump might be that get disappointed on what they are currently seeing, but actually this is really just that like an ordinary day here on this space.
Moving such certain range of a short period of time is really just that normal.Also we are really just that still starting for this month, so it would really be that too early to say that October is
really that a bearish month. We might be seeing some reds for now but this might be that start up on recover all the way.

The reason why we may have to wait a little longer is because we have already broken all time high this year. Normally when there is a bull run there is a bit of an increase before the bull starts, or even if we consider the period it goes up as start of bull, in the end there must be some increases in price, which we are seeing a little but not a lot. Because, we already used that money on making it go up once, we can't make it go up again and again.

So overall, we are talking about something which we intend to keep growing more and more, and price should be reaching 100k+ eventually. October seems like a good month as any, can't say it will or it won't, but there is a chance and if we are going to go up, then October is a good time to start eventually.

Absolutely! We can always count on some ups to come, but yes, we just need to be more patient than the usual thing we do. Let’s remember that the price of Bitcoin hasn’t always been low, and it will rise again someday. Staying calm during price fluctuations is crucial, as maintaining a positive mindset is the key to our success. Those who are emotional or doubtful are often the ones who give up easily and make poor decisions, like panic selling. These are the behaviors we need to avoid, as they only lead to losses.

Looking at the chart, we can see that the fourth quarter typically shows positive market movements. This is the time when we can expect to see exciting price increases and significant profits!

the drop to $63k is very normal retracement you would expect, market is never going plain linear it always has sideway on its way to ATH,  even the support around $63k is quite strong too.

there's two thing that we need to remember for this month of october, first, historically speaking from the data you shown, if september is green, usually october is green.
second, usually after rate cut, price gonna shoot up, not necessarily instantly, but it may lags few days then going back up again, hope things stay that way this october around.

Historically, October is the month when bitcoin investors get some returns from their price increases. Indeed, nothing is certain and history cannot always repeat itself for this very volatile market, but the potential is still there and you don't need to ignore it completely. I am optimistic about a good rise in October, but also do not ignore the risk of a correction so there is no need to change too much investment approach including DCA.

Speaking of long-term investment plans, it is true that accumulating as many bitcoins as possible is a good approach to expect big returns. It's just that you shouldn't rush, just relax and do it wisely without ignoring any risks.

Halving year, yeah, October to December seems to be very favorable to us and hopefully this is the case this year. However, we should also be looking at Bitcoin all time high, we achieved it pre-halving. So there is this thought that it could be very different cycle for this year. So it's really hard to assumed although we are still hoping that it could still be holding and so at this rate, we should be getting to $80,000 or higher this incoming 3 months.


Yeah, everyone is in euphoria when the Feds cut it's hike to 0.5 and so it brings a lot of positive movement in the market. However, in the last 24 hours, prices are down to $63,000 from as high as almost $66,000. So again, we can only hope that this October will still be favorable and hopefully it will be the start of the parabolic and reaching new all time high at the end of this year.

When reviewing Bitcoin's history, the last quarter has generally been a good one. During this period there is usually a green signal from the market and a high probability of good returns. However, one should not always invest in Bitcoin based on only this assumption. Because the Bitcoin market is volatile it can change at any time. Returns may not be always same within the time frame we are most expecting as it is uncertain. The upside that was expected to be seen in the price of Bitcoin after the Bitcoin Halving has yet to be seen.

Changes in US interest rate policy and investor prediction have created a positive environment in the market. That's why we can see this upcoming October month differently from other months. According to the conditions that Bitcoin has been through for the past few months, we can expect something better at the beginning of this month.

According to the bitcoin price growth chart on coinglass.com Bitcoin price has increased a total of nine times in October from 2013 to 2023 i.e. a total of nine Octobers were green candles. Looking at the Bitcoin price increase in the past, we can easily guess that the Bitcoin price may increase in the upcoming month of October as well (still uncertain).
As recently as late September, the price of Bitcoin rose and reach to $67,000. However within a few days the price of Bitcoin fell to $63,000, a partial fall in the market. A sudden drop in the market can create uncertainty among investors. In such a situation of the market, it is still doubtful whether the price of Bitcoin will continue to increase in the month of October compared to other years or this year may be different.

For next month's price will not change much and will still be at the same point with a price range that is not too different. We saw a correction in the previous month and there was a recovery again, for predictions I agree with your opinion and it may be difficult to exceed significant movements because if you pay attention the moment next year will be much more possible. But for accuracy we can never guarantee because the price of bitcoin is speculative and can change at any time.

So we should try to take advantage of the existing moment, especially if the investment concept that is carried out relies on the long term. Accumulate as much as possible and hold the bitcoins you have because at the next ATH moment we will get maximum profit.