Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JoyMarsha
on 03/10/2023, 21:51:15 UTC
It is well-recognized fact that predicting the future price of bitcoin is difficult. But historically speaking, October seems to be a month when the price of a bitcoin tends to rise a little more than in previous months.
To me I don't think there would be any much Bitcoin price movement in these October, one of the things you should understand is that the possibility of Bitcoin repeating a price movement on a particular month is not certain and perhaps if you check very closely you will see that during the times Bitcoin price use to repeat uptrend on the Month of October are mostly when the halving are still in some years ahead so if there was supposed to be any drastic price movement it would have done it earlier before now, so the Bitcoin price has been on a consolidation for sometime now and since we are in the last quarter of the year there is a likelihood that Bitcoin price will still maintain those levels till the halving take place then you can expect Bitcoin price to surpass the ATH, so let's not allowed the psychology or speculation that Bitcoin price normally increase October affect our plans of accumulation.
When anything occurs more than once, we refer to it as a mistake, but when it occurs more than twice at a regular interval, it develops into a custom.
What I want to say is that, since bitcoin has increased in the previous October months of 2013 - 2022, she will still do the same this year's month of October. A few days back before we entered October month, bitcoin was hovering around $26k+ but today her price has gone from $26k - $27k+. It can still go higher in price as the October month proceeds. Fingers crossed as I expect the price of bitcoin to soar in October as expected. As I wait for that to come to fulfillment, I am not forgetting the target of buying and hodl more bitcoin