Just follow the 4-year chart of Bitcoin, it appears that we will see a big movement this month of October. Every year this month has seen an uptrend in bitcoin price. The month has just started and soon we will be able to see that positive sign for Bitcoin. Hopefully Bitcoin will be able to reach above $25000 this month.
If you are talking about having to follow Bitcoin's 4 year chart for pumps then now is not the time to get pumps because October is October for 2025 and not this year.
Because if you calculate 4 years after the pump occurred or after the dump occurred, it is clear that the time is 2025, not 2022 as it is now. Even if there is a price increase later this month, I think it will only be small and temporary and will not create new ATH in Bitcoin.
I wouldn't expect it to take that long, and I always disagreed on the 4 year cycle bs, I believe it's 3 years, look at the past and you will see that it took 3 years to start going up again each time. Meaning it should be 2023, why? Because it was 2017, and in 2020 we went up, not peaked but went up, and 3 years from 2020 is 2023, and we are very verge of getting there now.
So in the next 12 months, I can see it either breaking the ATH again, or it will be a good high price all over again. That is my speculation though, doesn't matter to me, it could be 2025 all I care and that means I would be able to accumulate more bitcoin until it goes up again.
If it's not a 4-year cycle, what about the halving event? we always see bitcoin hit new ATH right after the halving happens. As you predict we will hit ATH in the next 12 months, which means we will hit a new ATH before the halving happens, I disagree with this unless there is a sudden change.
I'm still leaning towards 2025 bitcoin could rise again and hit ATH, as for the price increase of bitcoin this month and the rest of the year, I think it will depend on news like inflation, CPI, Fed interest rates as well as war situation in Russia and Ukraine.
I agree with you that the market will recover and Bitcoin will reach new ATH after the Bitcoin halving occurs. So the possibility of a bullish trend
will occur in 2025, so there is still a long time for us to be able to accumulate and hold Bitcoin. Therefore now where the price of Bitcoin is very low,
we should continue to buy Bitcoin regularly. If it turns out that the Bitcoin price fell even lower, we should not panic and continue to buy Bitcoin
every time the Bitcoin price drops lower. That way when the Bitcoin price reaches new ATH, we already have a very large amount of Bitcoin and
can generate very large profits. My prediction regarding the price of Bitcoin in October, I believe the movement of Bitcoin is still stable around
the price of $20k. It is very difficult for Bitcoin to pump and rise above the $25k price, if no good news emerges in October. Especially now that
a lot of bad news keeps popping up, so it's really hard to expect the Bitcoin price to rise above $25k this month.