Bitcoin increased to over $25000 in August, while it only increased to $22800 in September. Is this suggesting bear market in October?
today is the 26th of october, we are a few days away from another one to finish and the price managed to go up and stay above 20,000$ and with that you can try to break the 21000$ and maybe we will reach 22000$, if you manage to break 22000$ then the next target would be 24000$ where we will see if it can break or else it will revert to a downtrend until it drops to 18000$
What could be its highest price of bitcoin in October?
even though there are only a few days left until the end of October, the price can still go up, maybe the maximum price in October will be between 20,500$ to 24,000$, as since yesterday the price has been rising I believe that we will close above 20,500$ at least
Would it be bulloctober or bearoctober?
in my opinion the market is sideways, so between 18000 to 25000$, we are neither in the bull market nor in the bear market, it is simply being traded in this zone from 18000 to 25000$. if the price stays accumulating in this zone for a long time and does not fall below 18000$ then it is enough for it to break the 25000$ and we will see a breakout to 30,000$ but that does not mean that we will already be in the bull market, because with this financial crisis I think it is very hard to see bull market so early
I am speculating that bitcoin price lowest price may not be below $18000, but can increase above $20000 again.
this is also my thought