Quote from: retreat on September 24, 2025, 07:11:52 AM

Quote from: Virtualsnipe13 on September 23, 2025, 03:14:47 PM

-snip

From the look of things, do you think we will get a new ATH or price will head below 90k

We may not reach an all-time high this month, given the current market decline, but this is simply a healthy correction after the rally at the beginning of the month. The market could likely recover in early October, driven by inflows from institutions and investors who are starting to buy back. The market will only bounce back if there's a strong enough positive catalyst, and I'm confident it won't fall below $90k USD.

If I remember correctly, there was no price increase at the beginning of the month. The market has been in a correction phase since mid August until now, after bitcoin hit an ATH of $124k on August 13. But this is considered a healthy correction as historically August and September are not good months for bitcoin, and there hasn't been any major negative news in the past few days.

But when the market recovers, it depends. We cannot be sure that October will be the month of recovery and growth.
As far as I know, October will have a lot of important economic events and one of them is about CPI and Fed rate cut. Therefore, in addition to the flow of money from ETFs and institutions, we need to pay attention to economic events, especially interest rate cuts. I believe that is the main factor driving the market for the rest of the year.