Quote from: TravelMug on Today at 12:02:54 PM

Quote from: fzkto on Today at 09:27:56 AM

Quote from: Reatim on Today at 07:49:56 AM

Quote from: fzkto on October 01, 2022, 10:07:02 AM

Quote from: Reatim on October 01, 2022, 03:31:24 AM

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?
I'm afraid if there are best coming for us but what I am sure that sooner there will be great to come for all of us Bitcoin supporter.
either this month or the next? still last quarter mostly is what we are waiting to make a decision for the whole year investments and holding.

I don't know why, but I don't think October will be much different from previous months. Bitcoin has been in a flat for more than a quarter and 19k is about the lower end of the channel. Therefore, at most I expect the price to rise to 22k in October. But the worst case scenario for all bitcoin holders would be if support breaks and a new bottom is formed. I remember the good times at the end of the year have been repeated twice recently - it was 2017 and 2021. In other words, I do not expect a price recovery in 2022.

yeah but if we will look at what we have in 2017 or even the previous halving? October mostly bringing some good movement to the price of Bitcoin and then altcoins will follow , though it is very early to expect yet why it seems to be this October is different?
maybe there are something cooking in the kitchen? or we are waiting for nothing at all?
but whatever happens at least I am already having my funds safe and also have my other funds standby to buy more if price drops more .

So far, the beginning of October is very similar to the beginning of August. Back then bitcoin also started to rise from the first days of the month. I wouldn't count on any serious price recovery this year, but local growth and pumping of altcoins may well happen. There is plenty of fuel for growth in the market, everyone expects a bad scenario and shorts.

Hopefully it will continue this trend, it seems that we are trying to break the biggest mental barrier right now which is $20k.

So in the first two weeks, if we are going to look at the trend of September, the price seems to be enjoying a run. And if the pattern continues then again, $22k will be the next to be reach. So let's if we will have a growth like that, at least for short term holders they are going to make a few buck. But for the majority of us, long term holders, we are looking in the next bull run and this period is for accumulation.

Bitcoin now clearly follows the stock market and the S&P index. If all goes well there, I think this trend might continue because US monetary policy might again be focused on strengthening the dollar rather than lowering inflation. But for now, this is just the expectation of some analysts. In contrast, another big interest rate hike could happen soon. And I think that only after that a new local growth will start.