Will October be the start of the green months to bull run peak? - page 2.

Xcode7

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Quote from: STT on September 30, 2024, 01:53:20 AM

The setup (going forward) is ok but actually still in contention on this last day of September. I see the lows right now are at the highest price for August and where it closes in theory matters, in some charts the closing price is the only price shown on all the various time frames. This close of week just posted a positive appreciation and I guess that matters.

It is possible we lose the momentum and retrack to say 60k before a further recovery later in this month. I would guess for now the current lows are maintained, it probably does depend on the wider market just how much variance we see in price action its never exact in its path imo.

But I don't think it's a sign that next month (October) will be the point where the price will jump higher.

I tend to believe more in the same market movement as what happened in this whole year and it has happened throughout the year so I believe it will also return next month and even throughout this year.
And for this October I think it's still the same as last year, it's true that at the end of the year the market price movement is always positive but I'm sure it won't happen significantly this year.

STT

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The setup (going forward) is ok but actually still in contention on this last day of September. I see the lows right now are at the highest price for August and where it closes in theory matters, in some charts the closing price is the only price shown on all the various time frames. This close of week just posted a positive appreciation and I guess that matters.

It is possible we lose the momentum and retrack to say 60k before a further recovery later in this month. I would guess for now the current lows are maintained, it probably does depend on the wider market just how much variance we see in price action its never exact in its path imo.

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I suspect that October is going to start off strong this week. If the rumors are true and FTX dollars find their way to the market starting tomorrow, I imagine it will be a noticeable movement for the market. I would be surprised if we ended the month back at $73K on the way to fighting through the resistance to make it to new highs by year’s end.

Don Pedro Dinero

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This looks set to be the case, whether we look at the price trend or the fall in rates. Moreover, 5 or 6 months have already passed since the halving, which is the moment when the price can start the big rise.

Quote from: FanEagle on September 29, 2024, 01:23:00 AM

We can say that it already started, can't we? I mean maybe not clearly yet, but it looks like it already started, we are back to 65k.

If the price really starts to rise, the previous ath could be broken in less than a week, given bitcoin's usual volatility and the fact that post-hike rises are usually parabolic. I am looking forward to seeing us approach $100,000.

JamesDaniel90

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Well September has ended being a much better month than I thought it would. I didn’t expect it to be really bad but it has ended up being pretty good.

Does make me a bit wary though going into October thinking we may not have a good as October now as I thought we might have done but who knows maybe we will and Will just continue to go up for the rest of 2024 and Bitcoin gets close to $80k+.

I am happy either way, I would like to see us continue rising every week but I am expecting dips but overall think we will have a great end to 2024.

Some are saying Bitcoin will reach $100k this year and it might but for me I’m thinking around $85k which would still be great.

FanEagle

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We can say that it already started, can't we? I mean maybe not clearly yet, but it looks like it already started, we are back to 65k. Remember, just a bit ago, we were under 50k, we did go down that much and that is not really that easy to handle all of it, we shouldn't really be all that crazy to see. I think it's clear that we are seeing this increase not being all that crazy and we should be seeing it become something nice.

I believe that we are going to see good improvement on price soon enough. This means that bull run has started already, unless something changes, we can say that September was the month that we started seeing increases, and it should be keep going even higher. There could be some downs for correction purposes, but it will keep going up later on.

LUCKMCFLY

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Quote from: CageMabok on September 25, 2024, 10:44:50 AM

Some people are still hoping to see a similar momentum like in 2021 again in 2024 because that was a very good momentum in Bitcoin. But we all also won't know for sure about the return of such momentum at the end of this year. Because in every cycle there must be a little shift and not always similar things can reappear in a different year although at this time it should be to see a bull run in the market again. News about the FED and Trump does still have a little influence on Bitcoin, especially in moving investors to buy Bitcoin again with quite a lot of enthusiasm, but they can also let go of Bitcoin at any time when they see more profit through their own holdings.

It is a fact that everyone wants what happened in 2021 to happen, but when the 4-year cycle is over, it may happen, we cannot affirm that this can happen, however when we are present this year and those to come we know that the market can already react to world events and that can have a lot of repercussions on what the speculative market means, it is a fact that if Trump wins, the btc will accelerate its bullish trend, because the confidence and security in investors will grow and they will invest more confidently, in the case of Kamala if she wins, unfortunately ugly things may come for the btc such as a drop in price, of course it is all speculation, but it is the logic that I extract.

el kaka22

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Finally, we are going to get into October and it is true that October has been a good month for a few years now, even during the worst parts we have seen it be fine, but also these numbers do not reflect the reality all that much since there were moments when it did go up a lot and then went down, so it shows up but actually it had a huge drop in it, it just got negated by the big increase as well.

So we need to be careful, an example on based on todays prices would be that we could go to 100k on October and then drop to 70k, it would still be higher at the end than the start, so it would look like we made some profit, but there could be a drop in there. Because of two type of people, you could either be a person who buys when it goes up, and lose money when it goes down, or you could just simply end up buying now, and waiting all the way until it drops as well. These both are not good methods and you should be looking into selling at the peak and not wait until too late so that you would make some profit.

Sexylizzy2813

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Quote from: JamesDaniel90 on August 29, 2024, 07:12:24 AM

Hi ,

If you look at the link below and scroll down to the chart showing monthly history for Bitcoin you can see September is one of the worst months but October one of the best.

If you look at the last cycle from October 2020 to March 2021 , Bitcoin had 6 consecutive green months going into the bull run peak.

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

https://www.coinglass.com/today

At first I said September is not going to produce anything close to $60k to the current price $63k and for you to say September is one of the worst I think I'll have to disagree with you, compare September and August you'd know that is best to say September is more better than what we have last month, all we had was red more than the green. Base on the link you dropped I think things can also change and if October was more productive in showing more green I have that feeling that it can as well turn to red this 2024 because that was 2020 you're talking about. Bitcoin price or the market movement doesn't move in the same direction that why we can't tell if it will be high or low, we base only base on prediction or speculation. Don't be surprised if before the end of September we might be seeing Bitcoin price rise to $70k+, just say though.

taufik123

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Quote from: Smack That Ace on September 24, 2024, 11:12:42 PM

She did not make any statements that she would support cryptocurrencies if elected, she only said that she would promote the development of AI and digital assets as well as protect investors. This is a neutral statement that any candidate or president who is not overly concerned about the market would make because it would not be in their best interest to publicly oppose the industry.

But just pray that whoever is elected will be more positive and supportive of Bitcoin,
because if they will only oppose it will also affect the regulation and the future of Bitcoin, even if it is not completely.

It's still about politics, but Bitcoin won't be fully affected just because of the political interests of each candidate.

Quote from: Smack That Ace on September 24, 2024, 11:12:42 PM

So, in my opinion, we should not rely too much on what happened in history to predict the future because the impact of each period is not the same. We should be optimistic about the last quarter of the year because of the election, the Fed still has 2 more rate cuts before the end of the year...those are the things we rely on to be more optimistic.

It is not always based on the past, it is only as a history that needs to know that every October in the last 5 years is quite good with a bigger increase.

But after all, History, which is data in the past, can be a reference to determine where the market will go.
And there are many factors that also affect how trends will occur in the future.

CageMabok

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Quote from: DOH! on September 23, 2024, 10:43:07 AM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

Some people are still hoping to see a similar momentum like in 2021 again in 2024 because that was a very good momentum in Bitcoin. But we all also won't know for sure about the return of such momentum at the end of this year. Because in every cycle there must be a little shift and not always similar things can reappear in a different year although at this time it should be to see a bull run in the market again. News about the FED and Trump does still have a little influence on Bitcoin, especially in moving investors to buy Bitcoin again with quite a lot of enthusiasm, but they can also let go of Bitcoin at any time when they see more profit through their own holdings.

JeffBrad12

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Quote from: Kemarit on September 24, 2024, 11:21:16 PM

Quote from: DOH! on September 23, 2024, 10:43:07 AM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

If their is a thing that we can hold for today, it's that we can see October as a good month to start the bull run as per historical logs. And the timing though, we are about just a week this September and it seems that the we are somewhat starting the bullish phase at $63,000-$65,000. So just imagine if we start October with that kind of price, and as we approach the US election, it could fuel more money channeling in the market based on that event and the result itself.

So let's see, we should be optimistic that the market is going to bounce back and we do hope that this is the start of something big post halving. Again, if we look at the history, 100++ post halving, we should be seeing some semblance of a bull run already. And it seems that October could be a big month for us till the end of the year.

any year where month of september is bullish, october will also be bullish based on this data from coinglass

so I'm pretty optimistic, moreover there's news of china cutting rate which can further amplify bitcoin rally, maybe we will see new ATH for real next month but still can't be sure, since BTC hardly breakthrough $65k but we'll see.
hopefully we can see ATH again.

Kemarit

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Quote from: DOH! on September 23, 2024, 10:43:07 AM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

If their is a thing that we can hold for today, it's that we can see October as a good month to start the bull run as per historical logs. And the timing though, we are about just a week this September and it seems that the we are somewhat starting the bullish phase at $63,000-$65,000. So just imagine if we start October with that kind of price, and as we approach the US election, it could fuel more money channeling in the market based on that event and the result itself.

So let's see, we should be optimistic that the market is going to bounce back and we do hope that this is the start of something big post halving. Again, if we look at the history, 100++ post halving, we should be seeing some semblance of a bull run already. And it seems that October could be a big month for us till the end of the year.

Smack That Ace

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Quote from: taufik123 on September 24, 2024, 01:21:04 PM

Quote from: DOH! on September 23, 2024, 10:43:07 AM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

It seems that Bitcoin is getting a lot of support and benefits for this time and seeing how the Fed also lowered interest rates to 50bps also has an effect on the price of bitcoin.

In addition, not only Trump is now supporting bitcoin, Kamala Harris has also decided to support Bitcoin because she knows that is what everyone wants and if she opposes it then she will oppose the world.

Then looking at the price history that occurred, October to December is a very positive trend, especially in the last 5 years Bitcoin has always experienced a big increase in October, it is expected to reach the highest price as soon as possible or at least in 2025.

She did not make any statements that she would support cryptocurrencies if elected, she only said that she would promote the development of AI and digital assets as well as protect investors. This is a neutral statement that any candidate or president who is not overly concerned about the market would make because it would not be in their best interest to publicly oppose the industry.

At the beginning of the month, many of us were also pessimistic because based on history, September is not a good month for bitcoin, but with what is happening, everything is completely opposite. So, in my opinion, we should not rely too much on what happened in history to predict the future because the impact of each period is not the same. We should be optimistic about the last quarter of the year because of the election, the Fed still has 2 more rate cuts before the end of the year...those are the things we rely on to be more optimistic.

taufik123

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Quote from: DOH! on September 23, 2024, 10:43:07 AM

I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

It seems that Bitcoin is getting a lot of support and benefits for this time and seeing how the Fed also lowered interest rates to 50bps also has an effect on the price of bitcoin.

In addition, not only Trump is now supporting bitcoin, Kamala Harris has also decided to support Bitcoin because she knows that is what everyone wants and if she opposes it then she will oppose the world.

Then looking at the price history that occurred, October to December is a very positive trend, especially in the last 5 years Bitcoin has always experienced a big increase in October, it is expected to reach the highest price as soon as possible or at least in 2025.

dezoel

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We cannot know exactly when it will be a good start for the bull and when it can't be. Maybe October will be the month when we are going to start seeing these increases and it will be great, or maybe it won't be and we had some ups this month and in October we are going to go down.

We can never know exactly what is going to happen so we should not be really focusing on anything like that. We need to focus on longer future and that way we can do fine and we can make more money. Because I know that in 6 months time we are going to be higher, maybe I do not know October but I know the future. So, if I buy right now and can hold for long term then I am going to make some good profit, and that is why I keep investing and accumulating.

If it's October then it's great, if it is not then it is still great then it could be November or December and I would still be fine, that's why I try to make as much profit as I possibly could and keep putting more money in.

Odusko

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We can't say for now, because Bitcoin market have a way of surprising everybody, and at some point making speculations became something that is out of reach because on several occasions, we have made predictions that never come out to be true.

So let us not speculate too soon about the month of October as it going to be a reflection of the market sentiment and how the market forces act and react to current events at that time.

Bitcoin have done greatly in this month of September a d for sure if the current trends continue, it going to be a good time to accumulate more Bitcoin because the coming month may be more positive than the past months already.

DOH!

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I don't judge by sentiment but there is really a lot of hope in October and November. Historically in 2021, October and then November have been explosive, so I suspect this has a basis to go in the right direction, macro news about the FED or Trump paying with bitcoin for the first time is also creating stimulus and momentum, although I also suspect that the trap of market makers, institutional investors is opening up the money flow again.

LUCKMCFLY

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Quote from: stomachgrowls on September 16, 2024, 11:52:35 AM

Its not really that bad on being positive but of course you shouldnt really be that making yourself dumb when it comes into this manner. You should really be always be prepared for whats to come
and not really that seeing yourself believing on a single probability but rather it would really be needing that it would really be in tons.

Being positive does not imply that everything has to be as it is said and as it is sought, but having a good attitude towards things that can happen, then in this sense I could say that having a good attitude helps you to have better conviction when faced with uncomfortable and difficult positions, that is the advantage that I see, I see it that way and more in the bitcoin market, for example this year it could reach a new ATH, if not, 2025 looks much more promising, for that reason being positive is not just about waiting for the price to rise to $ 100k or more, it has a lot to do with resisting the attacks that may occur.

add1ct3dd

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Quote from: Wind_FURY on September 20, 2024, 04:14:14 AM

Quote

Can we expect this again ?

This is my first bull run and I think September will be pretty similar to August, very up and down. But once October comes things should start getting better again and I expect us to have a good Q4 and Q1 of 2025.

It could be YES, it could be NO, but LISTEN - The current market condition is an inflection-point! If you didn't pay attention during the great crash of 2022 that brought Bitcoin UNDER the 200-Weekly-SMA, then you SHOULD PAY ATTENTION NOW.

June - 2022 to March 2023 was a Golden Opportunity to buy the DIP. Currently is an opportunity to buy at regular intervals and HODL Bitcoin. Small DIPs are welcome for more units of Bitcoin for the same amount of fiat.

Don't be like those plebs who "day-trade" and lost a majority of their capital from the past seven months of unfavorable price movements.

I do agree that we are going to have some good amount of chances to buy, specially whenever there is a drop that means it's a good time to buy and get a better result as well so we should be considering that we are at a period where it could make us some good money. I know that it's going to be hard but it can be done and we are going to see the price get to a good level if we know what we are dealing with and because of that I think it's going to be a FOMO period yet again soon enough.

We can even call it right now seeing how it went up and people could be hyped right now about the price as well. But if there is a big drop in price then I think instead of selling and trying to trade then I agree that accumulating more at lower levels that would be better for us and we could make more money from it. I know that it will take a while but we can definitely get a greater result. We should not be worried about it and we could do fine so it's not going to be that big of a deal.

Topic: Will October be the start of the green months to bull run peak? - page 2. (Read 1690 times)