So, according to newsbtc.com, Bitcoin has been making some serious moves this October, almost hitting that seven-week high around $119,450.
In just the last 24 hours, Bitcoin surged by 2%, which brought the total market cap for crypto to a whopping $4.08 trillion.
This big jump has everyone buzzing, and there’s hope that we’ll see the same positive trend as in previous Octobers, which have historically been great for Bitcoin.
For more details on this Bitcoin rally, check it out here.
since long ago i had a watch on it as financially i am not stable i used to write posts for my friend but he did not told me about bitcointalk.org now since morning i had a view of it as its showing 10582580.45 in rupee and
i feels like shit that i had to post using my id alone rather than indulging into some others id for some sake of money as it was nearly above 10 lacks rupee
please support me to gain knowledge and and bounties for financial stability
October is a good month for bitcoin based on historical data. I am happy that history ia repeating itself again this year. We are in the second day of October and the price of bitcoin have pumped to almost $120k frim $114k. It's clear that we are likely going to see a new ATH before this month runs out. Bitcoin to the moon, keep hodli we have a bigger picture ahead of us.
How much profit exactly would they be cash out with just a 2% price rally. Maybe except you're a trader than that percentage increments in the price might mean something huge for you but for bitcoin investors it's a signal to quickly accumulate stack more sats because Uptober is already giving us the greenlights that the bull season is still with us, it's going be another ATH month for bitcoin price.
It will break soon since the ATH is above that price level. Its a good sign that Bitcoin is bullish during October since it always continues the pump during November to January probably due to holiday season which people received a lot of bonus from their salary at work.
Im optimistic that we might see a new ATH on insane level on this 4th quarter until the 1st quarter next year.
Gladly I do scoop on the recent dip at 109K.
Thankfully, we had such a good start to October. Looking back, the year has been practically flat. With this small rise, we can hope for a big rise in the last quarter of the year and a real bull market.
From this level, surpassing the previous ATH of $125K could happen in a day, although I would expect to encounter resistance at that level. Once broken, we will probably constantly seen new highs frequently.
After the decline and slow movement in the past few weeks at the end of last month, we are now seeing positive Bitcoin movement at the beginning of the month. Its price surge responds to some speculation suggesting that the market trend has changed. Some people may have been waiting for lower prices, but the opposite happened. Those who want to buy on a price drop may have to wait again.
This probably approves that we're already in the Uptober which is being known for when the price of Bitcoin goes up every bull run.
Every October is a good month for the most in the cycles that we've seen and so, we're just going through with the same pattern again.
We're only basing on the history and I think it's always a good catch when something happens for this month like the US government shutting down.
Currently, the price of Bitcoin is around $119k, after previously reaching the $120k level, which created good momentum. Next, we can be sure that Bitcoin will chase its highest price/ATH, which is only a few thousand dollars away from the current price. Of course, we will see this happen in the near future. October has been a favorable month for Bitcoin, and this cannot be denied. Some of us even refer to it as OctoBull, signifying a month filled with green candles. Hopefully, Bitcoin can rise to at least $130k before the bearish market phase arrives, which may occur in the coming months. As traders, you must be prepared for this, while investors may not be too concerned about the upcoming decline, as their focus is inherently long-term, possibly spanning 5-10 years or even longer.
Currently Bitcoin stands at $120k as at the time I'm typing this, this could be a sign that October will be more bullish, i don't really know, but i honestly do pray and wish for such because it will be really profitable for me and may other Bitcoiners out there i believe. Just like the historic bullish October trend for Bitcoin, our hopes are, this year shouldn't be an exemption and it should do even far much more upward rallies because why not? this is the anticipation and dream of every trader and investor because that way they tend to make more money than they have before the rally.
Looking at the chart i see a fair support at the $118k region which i believe is a sign that we should look forward to more bulls for the month of October, moreover it has an historic bull move over the years, at the $118k region i see an opportunity for a reentry for traders and even investors because i believe since the move to $120k was quiet swift, it will most likely fall back to make some corrections around that zone before the next bullish move, this is my personal speculative biases and not a financial advise.
Anybody that was actually waiting to buy at a very good dip price should definitely have bought while were in the third quarter of the year because anybody actually waiting for the further dump during the month of October is actually not too serious about buying because this is a month historical known for pumps so expecting a dump was simply just a gamble.
Even though bitcoin price is seriously unpredictable I was very optimistic about the market actually pumping this October and the whole of this last quarter because the market has been really down for a very long time since the start of the third quarter it has been seriously consolidating that even when people were expecting a dip I was actually seeing it moving upward from there, I expect is to stay above $120k this month
By now we should be talking about bitcoin near $130,000 as the value keep on increasing the more and the market volatility goes higher for bullish moves, it's more likely that we see more pump between now and the end of the month, while by the end of the year, things would have been more bullish than we had to all time high.
120k already done, Now the topic figure should be changed to 130k. At the rate at which Bitcoin is increasing, it will definitely exceed $150,000 by the end of this year. Bitcoin touched a high of $124K but has not yet surpassed ATH to create a new record. Since October is a positive month for Bitcoin, Bitcoin will increase throughout the month of October.
OP, you are definitely requested to change your topic to $130k, as it will touch your topic price at any time. The topic you started with has already touched it.
October, being called uptober in the crypto space, is for a reason. Now I understand why it is called so because those who have been following the Bitcoin history have seen it all and learn that it is the time in which Bitcoin shows a green candlelight continually to the end of the year, giving different ATHs that will last for the next four years before another ATH will be given in the market
Reaching above 120k was definitely a crowning moment for bitcoin and we should be glad about it. I think it's clear that we are sending a message to all those who doubt about bull still running and thinking bear may have started. It's clear that we are going to end up with anything that big, we should not be able to do that.
We are not going to end up with greater returns, we should be looking at this with that much approach that it's going to be very careful. We can't make it change quickly, we need to wait, we already did a big movement upwards but we can definitely get a better approach and increase soon on this. If we can do that then we are not going to end up with that much low. If we can give it time, then it can get better.
For me is an expected upward price movement for the October i have strong beliefs that this was going to come since the timing was clear that we were entering into another season of bull market, when the market did the major dropped to around 109 in the few days before September ended.
Most have already predicted that the month of October should go bearish as we already had September ending bearish, it also shows the indication for this bullish move on the chart for those that were able to speculate to this extent, the market seem more volatile and bullish from the start of this week until we have the uptrend prevailing over the dump experience last week, more of bull market are still coming this month, which may later break the all time high record as it may be.
The uptober is real. When you got historically green month for bitcoin and other believing it too, the sentiment will instantly turns bullish. The good thing is we're still so early in this month and price already recovering back. The market can't be bearish forever so the end of september with bearish sentiment is an obvious sign that next month everything will change.
This is the one thing that most people ignore and they think the bearish will dominate the market forever, no it won't and today's price action is a proof.
If you pull up the weekly chart, there is a good set up for bitcoin to break the ATH sometime this month. Same with ethereum. With Gold and stocks all hitting new highs and we might get more rate cuts is proof that we will break the ATH soon.
We should rally into the year end and hopefully there wont be any negative economic events which end up triggering some type of recession. Because if that happens then we will most likely top since we are really over-extended and need a pullback in all markets. However until something actually breaks you just need to assume we will keep creeping up until Trump causes some chaos in the markets and we start to sell off.