Post
Topic
Board Speculation
Re: Bitcoin hits $64K: What will October bring for BTC?
by
GigaBit
on 22/09/2024, 16:28:31 UTC
For now we have not entered the bull Run yet so let's not be move by the little price uptrend because this was not the first time is moving this way and I could remember months ago when it also had the same move and we were almost very certain that the bull season has come but it was later we realize that bull season is far ahead, so let's not also allow the price now to give us the previous mindset again, however if there is anytime we should be drawing our prize analysis or prediction it should be from ending of October since is very close to the new year being the 2025 which is considered the bull season, so if the price move to $70k from now till October then I will say that before December it will add more numbers.
It is possible to happen, moving slowly until later until 2025 but I have a different speculation, I think the increase that occurred in the last 1 week is just a normal increase even though it happened significantly but later there will be the same correction and it has happened several times this year and even last month it was like that when the price reached 70k but not long after that there was another price correction, maybe the same thing will happen now.
This is why it is difficult to predict bitcoin price. There is no assurance that what we always think that will be done. This was the situation in the market when Bitcoin repeatedly bounced back from 70k and also saw its highest dip in a few months but recovered from that position. Maybe once again we will see the Bitcoin price rise in the same way and continue like this. But when a bull run occurs no change will be visible no one will get the pre idea.

We may see a bullish movement in the market in early October and if Bitcoin's expected 100k which may not possible this year, we will definitely be able to see something similar in 2025. Moreover, if Trump is able to come to power in November this year, there is a high possibility that Bitcoin will reach 100K within this year.