Quote from: STT on September 28, 2022, 06:55:56 PM

Id say October is not as negative as some were fearing, the underlying strength in BTC continues to keep in the same rough area we've had for months now despite quite severe news. Under pressure BTC held, which could mean its hiding enough energy for a bounce that can occur in future.

I too is guessing (and only guessing) that the price of bitcoin may not be too volatile in this month, I am also guessing that it may have a net positive result in total unlike how it was in the past. But like I said, this is just a guess.

Quote from: Ratimov on September 28, 2022, 07:49:48 PM

If you look at this table, then a bad October for Bitcoin was in 2014 and 2018. 2014 and 2018 are the next year after a strong bull run, and 2022 can be included here. It has similar dynamics and behavior. Even if bitcoin rises slightly and closes October in the green, many may perceive this as bottoming and turning the market towards bulls. But this may turn out to be a banal trap before a further decline. $18,000 is not yet such an extreme price at which one can hope for total capitulation. Bitcoin still has room to fall.

You are very correct and thanks for the image. What I noticed is that there was approximately 13% price drop in 2014 while just only approximately 4% drop in 2018 as the adoption had increased that time. Now there is more adoption, which can mean lesser drop or the volatility may be positive this time. Just my sentimental guess. I may be wrong. The weekly chart is even suggesting price drop too (to at least $16000, but this may be $17500 by next week) while the daily chart is already confirming that the price might drop, but just in weeks, I do kit know what the monthly total price would be.