Post
Topic
Board Speculation
Re: Bitcoin hits $64K: What will October bring for BTC?
by
Altcoiner007
on 25/09/2024, 11:51:02 UTC


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


I remember in a poll in early September when bitcoin was still trading at $52-55k. Most are bearish on the market and no one thinks we will have a recovery or growth in September, and no one is optimistic about the coming months, all they can say is that they expect change in the future. But suddenly bitcoin price rose above $60k and at one point surpassed $64k, now people are gradually becoming more optimistic and they have also changed their bitcoin views.

That shows no one can know what will happen next, bitcoin is unpredictable. So what we can do is plan for both scenarios: what we will do if the price falls and what we will do if the price rises from now on.
I won't completely say Bitcoin is unpredictable. Otherwise, what's the place of Technical analysis and fundamentals. But I agree with you 100% that it's important to know what to do when the price falls and when the price rises. Infact, the rise and fall of Bitcoin price is what excites traders. Others are exploring trading competitions like the Bitget Builders harvest time trading battle I found users discussing in one of the forums. It's that season where traders benefits the most from the price volatility