Quote from: Justbillywitt on September 23, 2024, 09:22:28 PM

Quote from: Lilybasil on September 20, 2024, 03:35:10 PM

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and middle part of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.

It's been more than 100 days since the halving, and so we should be expecting that the price could really take off in the next coming months or so, at least October historically, proved a good month to Bitcoin market. As far as what could influence the price or at least investors pouring their money, it could be the US election or something else. What's important is that the market is really bouncing or recovering from the last bearish month.

As we can see, the next barrier could be $65k, and if we can break it, maybe at the end of this month we might reach $68k. And with that, it could really translate on investors very bullish that might lead us to a new all time high before the end of the year. So we should watch out for October as this is a very critical month.