Will October be the start of the green months to bull run peak? - page 7.

PX-Z

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Quote from: tranthidung on August 29, 2024, 09:00:43 AM

No one can say sure things about future. We only can base on evidence, history and speculate what will happen if history repeats itself.
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Nice illustration, the month of October were always good indication of increase, it could be a nice test to stack this September ready for the next month, well, only if history repeat itself. But regardless, this range of prices is still better than any other year, unless it drops below $35k IMO.

STT

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I dont think it has to be time based, when the push downwards fails in a big way you will find the buyers come in at that point and also less confidence in the sellers leads to a large gain overall. That gain has to break 70k properly not dive over the line but sprint and carry on, previous attempts have been too exhausted and then reversed slipping us back to almost Feb prices though its held well overall.

Todays high prices were about the monthly average and the lows were the same closing prices we had for the last couple days, so not anything much beyond neutral. If October were neutral in the same way theres no good reason it will start anything.

Ndabagi01

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

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.

This period is the time many speculators have predicted bitcoin to be on a bull stage. It is still not certain if it’s yet to happen because they may also be wrong. After going through past happenings in the market, it is still enough to conclude that October will be the start of green candles. The market had some changes in this cycle and maybe this is what is affecting the whole performance of it and making it very difficult for even the speculators to predict an exact value or time bitcoin will reach at some points.

letteredhub

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Quote from: EL MOHA on August 29, 2024, 03:47:47 PM

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The fourth quarter this year though will be having the IS election in between, although I don’t want to believe that it will have its impact on bitcoin but it results will surely have its impact on the people’s sentiments which is what determines the price of bitcoin. So even the fourth quarter could go against the historical trend too

The USA election is one window of speculations from investors about the future of bitcoin price as it's believed that the outcome of the election will drastically influence the performance of bitcoin either doing some tops or going south. I have this suspicion that there are big bags waiting behind to be pulled into the market should the right guy for the position wins at the poll and I need not to mention a nomenclature for any çrypto enthusiast to who's that right guy.

The Cryptovator

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Bitcoin repeats the history, but that doesn't mean it has to repeat in the same month. The price growth is related to many things and that's how Bitcoin reacts actually. If we can see some good news in October, then probably we can see a green candle, otherwise, we may see red. For example, if Trump win, then we may see a significant green candle, it doesn't matter what's the month. I am just trying to express that it doesn't matter which month is running but we just need some solid adaptation and positive news to see a green candle. Otherwise, Bitcoin is unpredictable always.

EL MOHA

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

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.

The one thing that I have used to analyze bitcoin price as of recent is the sentiment towards it by investors. First off this is history which doesn’t repeats it self always and we saw that when the bitcoin price broke an it’s all time high right before the halving period which clear defies the historical trend or price of bitcoin so I wouldn’t be so surprised if history fails to repeat itself yet again. Although it doesn’t goes as plan as I said, right now the only way to predict the market will be using the historical data. The third quart of the year has lived to its history of been a bearish period with only September left to complete it and I want to think it will happen.

The fourth quarter this year though will be having the IS election in between, although I don’t want to believe that it will have its impact on bitcoin but it results will surely have its impact on the people’s sentiments which is what determines the price of bitcoin. So even the fourth quarter could go against the historical trend too

pawanjain

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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

October has been historically good for bitcoin and that's the reason why many say it "Uptober".
Although that sounds cool but it doesn't necessarily mean it's always gonna be like that.
The possibility for bitcoin price to spike up is good though as it has been almost 5 months now since we have seen a really good pump in BTC price.
Let's just hope that Uptober really kicks in this time too so that we can be in good shape again.

Kelward

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

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.

This will be my first bull run experience too and I'm really looking forward to seeing Bitcoin price skyrocketing and giving me massive ROI on my capital. I hope that the bull run should start in October, but there's no guarantee that the patterns of the last circles will repeat this time. From my research of the previous halving, ATH used to happen after it but we say ATH price before the last halving, meaning that it didn't follow the previous historical patterns. So I won't be surprised if bull run doesn't start in October, although I wish it would, but the fact remains that we can only speculate what ought to be but we're not sure if it'll happen the way we predicted it to be.

YOSHIE

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

Will October be the start of the green months to bull run peak?

The problem now lies with you, that's logical thinking, in terms of what you dive into the world of crypto or what activities you do in the crypto market, that's the main point to determine for you a bull run or a bear market, for some investors the current situation is the best phenomenon for them.
The reason:
In the past few days the price of Bitcoin stood at $57,890. And today it is at $60,941. Logically, if you bought 5btc at that time, now you would have pocketed a profit of $15,255, isn't that a real and big profit, Why is the phenomenon heading towards a bull run, now you can relax and enjoy the profits.
This is done using Spot or futures investment, a different story with the Futures and Margin method.

So how do you do this time for Bitcoin, so it must require a bull run goal, capital is the key to success, be curious.

Crypt0Gore

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October is always a bullish month as per past history but anything is possible in crypto space, my bullish expectation hasn't exceed when inflation rate cut to the downside and Trump win the election.

I've made a lot of gains from Bitcoin investment but my altcoin portfolio is looking very bad, I will be happy to see Bitcoin dominance start decreasing, I believe this will be the signal that a final alt season is getting started.

A perfect time to start taking profits and getting out of the way, but if Bitcoin breaksout alt season can be delayed till Q3 of 2025.

JamesDaniel90

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Quote from: Churchillvv on August 29, 2024, 09:01:14 AM

Perhaps it could be and at the same time it could not be. I would have love to agree that September may not be too nice or greenish at all but I wouldn't be so sure even though you have similar evidence that shows it. I also saw someone else predict almost the same thing that September would be bearish and then after then we will begin to see the greenish moves of bitcoin, all this has been getting to want to be convinced that it might be true...

Since historically charts repeats itself I think we will probably have the best times of bitcoin in 2024 around this last quarters of the year, so maybe September is probably a month to buy as much as we can.

I have said to myself September will be a bad month as I believe Q4 will be much better so cant expect September to be good too - if it is then great but i'm expecting a bad month.

By bad month I don't mean a massive crash down to like $45k but I do think it could go back down to around $50k one last time and that is when I will make my last buys and then just hold till Bitcoin reaches new all time high which should hopefully be around November time.

Churchillvv

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Perhaps it could be and at the same time it could not be. I would have love to agree that September may not be too nice or greenish at all but I wouldn't be so sure even though you have similar evidence that shows it. I also saw someone else predict almost the same thing that September would be bearish and then after then we will begin to see the greenish moves of bitcoin, all this has been getting to want to be convinced that it might be true...

Since historically charts repeats itself I think we will probably have the best times of bitcoin in 2024 around this last quarters of the year, so maybe September is probably a month to buy as much as we can.

tranthidung

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Farewell o_e_l_e_o

No one can say sure things about future. We only can base on evidence, history and speculate what will happen if history repeats itself.

Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
If you believe in history, make your plan like this, you will exit the market before 2026. This strategy perhaps won't help you to take profit and exit at ATH or some price around ATH, but it will help you avoiding painful bear market that possibly appears in 2026 and 2027.

About Bitcoin monthly returns, you can see it on Cryptorank.io

Porfirii

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Last quarter has been historically the best quarter for Bitcoin in terms of returns, but as we always say, past performance doesn't guarantee future results.

A different thing is that, because many people believe that cycles repeat, it may become a self-fulfilling prophecy. It has nothing to do with TA, but with psychology and investor sentiment.

I am one of those who believe that we will see a surge in price past the previous ATH before the end of the year, and a bullish progression in general next year (maybe before a trend reversal by the end of 2025). But this is pure speculation.

JamesDaniel90

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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

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