Are we going to have an UPTOBER?

[UNIVERSE]

@UNIVERSE, we can hope that history will repeat itself, but we must be aware of the possibility that it may not happen. For the first time this year, we had an ATH before the halving, and that in a way already showed that the cycle was disrupted.

Of course, it is not impossible that the history won't repeat as expected. Yes, the ATH surprisingly can be reached before the halving but I think we have a big reason, it is caused by the hype of Bitcoin ETF. Since the Bitcoin ETF looks not bring big impact, it drops gradually after it reaches the ATH. Besides other FUDs, the unexpected condition of Bitcoin ETF is influenced the current price.

I also believe we will have Uptober + Moonvember + Pumpcember in 2024 because it's a crucial period for the recovery and growth of many ALTs after receiving inflows from BTC. I will still believe in the cycle until it's completely broken.

Everyone seems trying to believe it. We all expect to reach the ATH again, those 3 months are expected to be the best time for Bitcoin in this year. The end of this first year seems to be crucial to determine the possible trend of Bitcoin price in the next year. I just hope we will have good pump in Bitcoin. I don't want investors will lose their confident because of no better condition of Bitcoin price.

[target]

Although you can hope the price will go up every time as it did in  the past. The chart in the monthly time frame shows a telltale sign that it may not happen this year.

Market is always unexpected and learning that we may have a global recession, it may make us all suffer for a time. Price plunging so fast today.

[JoyMarsha]

What do you think? Could we have an UPTOBER? 
And reach again the ATH?

If this chart is true, I can't wait for UPTOBER to come through because I am done with seeing my portfolio being this red all the time. This September is not good for the price of Bitcoin, even though it's allowed us to buy additional Bitcoin at a discount price, but still, we want some good price movement to reach at least $80k before the end of the year.

[SmartGold01]

I've already commented a few times in other posts that I'm optimistic about the end of the year and BTC, especially in the month of October, which historically has only seen BTC fall in 2 years (2014 and 2018)
Yesterday I saw this chart and got very excited


Source

What do you think? Could we have an UPTOBER? 
And reach again the ATH?

If history repeats itself then Uptober gonna still be dip looking from the above image on what it's gives us. And of course we can actually give exact answer to what next month would give birth to because lot of people are so optimistic to see bitcoin swimming between 73-100k but still didn't go as predicted even as that we won't keep hiding the truth that market is unpredictable rather it's very speculative and anyone would say what appears to their hearts about bitcoin. So to me it's important to understand what we want and what we don't want, so buying and accumulating much bitcoin while we wait for the bull run could be the best option currently since the market is support level now.

[debra]

If this chart is true, I can't wait for UPTOBER to come through because I am done with seeing my portfolio being this red all the time. This September is not good for the price of Bitcoin, even though it's allowed us to buy additional Bitcoin at a discount price, but still, we want some good price movement to reach at least $80k before the end of the year.

The chart is true, it is the data of Bitcoin price in the previous months. But the question is 'will the history repeat'?
We may have a big chance to have good market in October, but the history of the Bitcoin monthly return doesn't guarantee anything. It means there is a possibility that it won't repeat as the previous months.

I think I am also quite satisfied with my portfolio, I have no intention to add big number of Bitcoin anymore. Well, many people expect Bitcoin will be above $80k at the end of this year. I think many people are preparing to sell their Bitcoin.

[alltalk]

The odds seem nkt 50/50. 2 halving years had past where the month of Sept was red. The fate of this month isn't joking, its only been green 3 times since the birth of Bitcoin.

According to the chart, Bitcoin price dropped below $60k since very early of September. It never returned to $60k again until now. The chart patter looks not so different with the early of the previous month. And if we compared it with previous month, the highest price was around $64k and the lowest price was around $49k (Binance data). Because there is a similarity, it seems to have a chance dropping below $50k again this month. If it happens, the highest price of Bitcoin this month won't be so different with the highest price of the previous month. But if the lowest price is only $52k, we may have a chance to be above $65k.

I think it is not 50:50, it is clear that we are in the red market for this month.



Sources: CoinMarketCap, Binance

The good thing though is that if you have some funds to buy, you can be sure to make money next month . Sept therefore gives opportunity for DCAers.

Sure, this month is a good time to buy again Bitcoin with DCA.
Unfortunately, I've no enough money to buy Bitcoin. I think I'll prefer to wait and see, I've enough Bitcoin on my wallets.

[rdluffy]

Sure, this month is a good time to buy again Bitcoin with DCA.
Unfortunately, I've no enough money to buy Bitcoin. I think I'll prefer to wait and see, I've enough Bitcoin on my wallets.

Is anyone here still buying BTC?
Honestly
Because at least I don't have much fiat or stables left to buy more BTC 

I get the impression that in that drop below 50k last month, most of us who were expecting better prices ended up buying already
And those who are always waiting for it to go down, down and down, aren't going to buy anyway because they always think it's going to go down even more

[Aanuoluwatofunmi]

Currently now, the market is becoming more visible for bull continuation as we can observed from the trend in todays performance, since we are still in the early days of the month, we should expect that the market price will rise beyond where is reached as of last moth and this time, there is going to be a bullish move before the end of the month from the indicators and signals received already from the chart.

[bounceback]

Currently now, the market is becoming more visible for bull continuation as we can observed from the trend in todays performance, since we are still in the early days of the month, we should expect that the market price will rise beyond where is reached as of last moth and this time, there is going to be a bullish move before the end of the month from the indicators and signals received already from the chart.

Still far away from bullish moment after bitcoin and altcoin price got difficult for recovering to higher price, I don't sure yet in this moment get bullish moment because bitcoin get completed problem and have long term failed break out new All Time Higher price almost 5 months ago. Trend market today still down and only good opportunity keep accumulate than for selling because still away from much profitable to earn.
At the end of this month can't predict yet will bitcoin going up or keep going down without any good news difficult to make market keep stable on higher price.

[Captain Corporate]

Expecting a specific moment to do something like this is not really that good, we shouldn't really be putting a specific date to having this kind of return. I understand that it may not feel like its a big deal, but its actually quite a huge deal when you think about it. Why? Because we are dealing with something that takes some time and because of that we should be considering this as a bigger deal. When you put a date in your mind and it doesn't go as well as you hope it would, you suddenly become unhappy with results, so always think of "future" and not a certain date and keep holding the coins you have.

[sagarmota10]

FOMC meetings are on 18the September 2024 and I expect that 25 bps intrest rate can increase after that meeting mostly after 20th september 2024 we can see BTC move towards the 65k and so on.

[gunhell16]

With the performance shown by Bitcoin and Ethereum this month, there are many different reactions to what is happening in the crypto community. And the majority of them are not happy, and the others are taking advantage of the opportunity while the scenario of the crypto market is not good.

Regardless of what is written in the report, it is difficult for us to immediately trust the thing that we think is likely to happen; in short, it is still difficult to be sure and hope. That's why it's still good to go long-term, so there's no more hassle or stress to feel. So, my final assessment it is still unpredictable.

[bounceback]

Uptober have been over and we got disappointed result with bitcoin and altcoin price still out expectation after dropping significant, I don't think how many months later bitcoin will return back to higher price around almost two weeks on September bitcoin and market condition not stable yet. We faced difference reaction from investor how make them get difficult to earn much profitable as short term trading and not worth it for long term trading keep accumulate how much as possibilities during market still down and not showing good progress recovery for higher price.

Uptober have been over will September full bullrun or keep bearish with bitcoin and altcoin get down trend moment.

[rdluffy]

2 days from now (September 18th), the FED will probably announce an interest rate cut, either 25 bps or 50 bps, we don't know yet, but probably 25

This cut could influence the price of BTC, helping a possible rally in the end of the year
The US elections could also influence the price

What do you think? Do you agree?

[taufik123]

2 days from now (September 18th), the FED will probably announce an interest rate cut, either 25 bps or 50 bps, we don't know yet, but probably 25

This cut could influence the price of BTC, helping a possible rally in the end of the year
The US elections could also influence the price

What do you think? Do you agree?

September 18 will be the nearest event that is indicated to increase the price of Bitcoin, and hopefully this interest rate cut will be the starting point of the upcoming bullishness.

And the US election will also take place in November 2024 which is expected to be a good influence for Bitcoin.