The bears made bitcoin to be unable to surpassed $22800 in September. Today is 28th, just two days remain from today before we enter new months. Anything can happen, but likely that bitcoin can not go beyond that price. September has been full of fun, bitcoin favour both bull and bear traders as its price never go below $18000 which was a strong support and yet still increased above $20000 many times. Who traded in both directions in patience and using good trading strategies all gained.
The best time to buy bitcoin is now. Traders should prefer to go long or buy instead of going short, but going short is also good if the signal really suggest bear market. But all I am thinking that would happen next month is that bitcoin would increased, get to $20000 and increase above it.
Bitcoin increased to over $25000 in August, while it only increased to $22800 in September. Is this suggesting bear market in October? What could be its highest price of bitcoin in October? Would it be bulloctober or bearoctober? I am speculating that bitcoin price lowest price may not be below $18000, but can increase above $20000 again.
The best time to buy bitcoin is now. Traders should prefer to go long or buy instead of going short, but going short is also good if the signal really suggest bear market. But all I am thinking that would happen next month is that bitcoin would increased, get to $20000 and increase above it.
Bitcoin increased to over $25000 in August, while it only increased to $22800 in September. Is this suggesting bear market in October? What could be its highest price of bitcoin in October? Would it be bulloctober or bearoctober? I am speculating that bitcoin price lowest price may not be below $18000, but can increase above $20000 again.
October has often been a good month for Bitcoin:
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.