Post
Topic
Board Speculation
Re: Bitcoin hits $64K: What will October bring for BTC?
by
Yaunfitda
on 26/09/2024, 12:32:28 UTC
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?


The price got pumped by the news coming from the US Federal Reserve. I wouldn't consider this as a "signs of a bull run".
The possibility of the price going down below sixty thousand USD is still here. I don't have a crystal ball and I can't see the future, so I can't tell what is going to happen with the Bitcoin price is October. I'm simply going to wait for the bull run 2025 and I don't have any expectations for October, November and December. Maybe the BTC price will drop in November, after Kamala Harris gets elected as a US president. Grin
That news did help pumped the price, not just in crypto market, but all other financial markets as this is what they wanted to hear from the FEDs. And so with that, the price goes up as high as $64,xxx if I'm not mistaken, and then we have a minor retracement. But the sentiments of the investors are very high and so the price didn't go down that hard. If we look at the previous historical logs though, October-November is very positive during halving year. Not that we expect something similar to happen, but at least with previous runs, there might be a good chance that the price as well for this year might increased as it might coincide with the US presidential election and then next year he or she will officially sit on the White house. So there are still a lot of positive news that might push the market into a bull run in 2025.