Post
Topic
Board Speculation
Re: October price guess
by
Oshosondy
on 01/10/2022, 14:25:12 UTC
as we now enters October , yet the movement seems the same and no changes at all , staying at 19k level from last night till this moment?
Bitcoin price in the market can be like that, even while we have not entered into another new months. But within long hours to come, either it increased above $20000 or it decreased below $19000. But after that has happened, I do not know if there would be a significant rise or fall in pricre. I even want to go for swing trading option now, but I am really confused either to go long or short. If the long position failed, it can be turned to holding though which may be the best option to go for. But my sentiment is that bitcoin won't rise.

If we don’t get any strong indication, then this month also might end up like September.
Bitcoins are yet struggling to get above 20k usd and break the resistance.
Bitcoin may never get more than $20000 before falling back, all what I am thinking is that it can get below $20000 for a long time. I see $17500 to be the resistance, but a sharp fall might caused bitcoin price to fall more below $17500, but i think not this month yet. I do not know, but my presumption about it.

This is only happening due to the big whales manipulating the market and using it for their own benefits.
Nevertheless If Bitcoins tries hard and try to break the resistance, then definitely we can assume Bitcoins to cross 30k usd this month.
Let’s not expect something big, but still don’t lose hope on Bitcoins.
I can not say that whales are manipulating bitcoin, a patient person can also determine and know the trends. Like I have said before, I do not even think bitcoin would be able to cross $20000 successfully this month. It has been down trends since months now and before the uptrend would be significant, there might probably be a sharp fall in a way it will not take more than hours to days before we would have been noticing bullish market.