Are we going to have an UPTOBER?

[Legion]

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.

Tomorrow the 18th of September could potentially be another big day for Bitcoin, more especially when there is an event that could provide the much needed boost o the value of the currency. The lower interest rates are usually perceived as a positive signal in the market, so there is much hope that the Bitcoin price will do the same. Similarly, the US general election in November may also pressure the cryptocurrency market if some of the results define specific policies regarding digital currencies. Therefore, one could conclude, there were some interesting factors that could positively impact Bitcoin’s movement in the near future.

[milewilda]

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.

Tomorrow the 18th of September could potentially be another big day for Bitcoin, more especially when there is an event that could provide the much needed boost o the value of the currency. The lower interest rates are usually perceived as a positive signal in the market, so there is much hope that the Bitcoin price will do the same. Similarly, the US general election in November may also pressure the cryptocurrency market if some of the results define specific policies regarding digital currencies. Therefore, one could conclude, there were some interesting factors that could positively impact Bitcoin’s movement in the near future.

We cant really be able to deny that when it comes to fundamentals or news then this market would really be that highly reactive on which it would really be neither be getting in line with those
sentiments whether a positive or negaitve on which we know that there's no way that we could really be able to tell whether it will really be basing up into that sentiment or not.
On the moment that you are a type of trader or investor who would really be having that kind of approach on where you would really be basing up on the things on what
you are currently seeing or looking.

[LogitechMouse]

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?

Interest rates and the current US election are the 2 big factors towards the price of Bitcoin. Looking at this picture: LINK

There's a 63% chance that they might be cutting 50 basis points. Most of the time, the price of Bitcoin tumbles if the FED cuts interest rates and if this happens, let's expect that Bitcoin will drop again in the upcoming days. As I did a quick google search, it seems like it's a negative thing whenever the FED cuts interest rates, eh? Well, it's understandable if Bitcoin goes down this month since based on history, September isn't a bullish month. If it happened in October then we have a problem.

[alltalk]

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

I am very sure there are still some people who keep buying Bitcoin. Even I also will keep buying Bitcoin if I have enough funds.
No problem if you don't have fiats, you can collect some Bitcoin by following the campaign paid in Bitcoin. You are following Mixero campaign, right? You get some Bitcoin weekly.

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

I also think the drop will be lower. I assume it may reach $40k. However, it is quite good to reach around $50k and now it already moves almost reaching $60k again. Now, I guess Bitcoin to start increasing again. It is expected to cross %60k very soon and may try to reach $70k again.

[TomPluz]

I have been to many ups and downs of Bitcoin and am not anymore surprised to see so many discouraging dips and exciting rebounds. With bad August gone and sluggish September almost ending, we in the cryptocurrency market are all expecting that indeed October will be presenting us some delightful presents...and that it would really be an UPTOBER when BTC can be recording a new ATH, if not just hovering in the $70K zone would be fine with me. With many bad news that came to influenced the crypto market, I am looking forward to see some big good news that can hopefully push the prices of many coins to the top. Will our wishes be coming true in October...or it would just be the routine disappointments? Let's all find out together then.

[taufik123]

We cant really be able to deny that when it comes to fundamentals or news then this market would really be that highly reactive on which it would really be neither be getting in line with those
sentiments whether a positive or negaitve on which we know that there's no way that we could really be able to tell whether it will really be basing up into that sentiment or not.
-snip-

The fundamentals will be correlated with the technical so that the two will not be separated.
Seeing how trends are always changing, which makes crypto prices also fluctuate.

Strong fundamentals such as in the presidential election will affect the price of bitcoin, assuming that whoever is elected will either support bitcoin or they will reject bitcoin.

Always be prepared for all the trends that will happen, see how the fundamentals are in the news that appears.

[jeraldskie11]

We cant really be able to deny that when it comes to fundamentals or news then this market would really be that highly reactive on which it would really be neither be getting in line with those
sentiments whether a positive or negaitve on which we know that there's no way that we could really be able to tell whether it will really be basing up into that sentiment or not.
-snip-

The fundamentals will be correlated with the technical so that the two will not be separated.
Seeing how trends are always changing, which makes crypto prices also fluctuate.

Strong fundamentals such as in the presidential election will affect the price of bitcoin, assuming that whoever is elected will either support bitcoin or they will reject bitcoin.

Always be prepared for all the trends that will happen, see how the fundamentals are in the news that appears.

We can use solely technical analysis or fundamentals but it's best to use both. It's really true that presidential election has really affects the price of cryptocurrencies depends on whoever elected in it. I also consider this as a very effective fundamental, and it's already proven before, not only in crypto but also in forex and stocks who's been there already before the launch of Bitcoin. Usually, big players connecting their actions with the technical analysis and we noticed it if we monitor them.

[Captain Corporate]

September looked quite good and I think that we may have a little trouble because of that. October normally should have been the moment when the price goes up, but it went up already and that means how much more it could go up at the same time. We should definitely see this at a different rate and I think that October could be hard. Or the alternative is that we are going to see a drop for the rest of the month and that would mean that we are going to see an increase on October yet again. Or another one would be that its going to see that 70k+ coming again and that would be a great situation.

[alltalk]

The fundamentals will be correlated with the technical so that the two will not be separated.
Seeing how trends are always changing, which makes crypto prices also fluctuate.

You're right. Fundamental and technical aspect surely have a correlation. And when we make an analysis, we can't focus on one of them only, we must analyze both aspects. It is because both may be the reasons for the changes of the trends in the market. So, both of them are important.

Strong fundamentals such as in the presidential election will affect the price of bitcoin, assuming that whoever is elected will either support bitcoin or they will reject bitcoin.

US president election must be quite crucial. Moreover, both candidates try to get the attention of crypto supporters in this time. Trump looks the most active candidate to get our supports. This US president election becomes more interesting.

Always be prepared for all the trends that will happen, see how the fundamentals are in the news that appears.

Of course, we must be ready to deal with any possible trend. We don't really know what trend to happen in the near future. We must have alternative plan for the unexpected thing that possibly happens.

[rdluffy]

September looked quite good and I think that we may have a little trouble because of that. October normally should have been the moment when the price goes up, but it went up already and that means how much more it could go up at the same time. We should definitely see this at a different rate and I think that October could be hard. Or the alternative is that we are going to see a drop for the rest of the month and that would mean that we are going to see an increase on October yet again. Or another one would be that its going to see that 70k+ coming again and that would be a great situation.

I tend to agree with you, but take a look at this chart again hehehe


Source

If September is good there's a great chance that history will repeat and we can have our Uptober and maybe even more

[Sim_card]

September looked quite good and I think that we may have a little trouble because of that. October normally should have been the moment when the price goes up, but it went up already and that means how much more it could go up at the same time. We should definitely see this at a different rate and I think that October could be hard. Or the alternative is that we are going to see a drop for the rest of the month and that would mean that we are going to see an increase on October yet again. Or another one would be that its going to see that 70k+ coming again and that would be a great situation.

FED has cut down rates and same with China has they have also cut down rates. This will make the price of bitcoin pump, and I believe that you have stared experiencing it because currently the price of bitcoin is at 66k+ which is a good sign that October is always a good month for bitcoin since history since the price of bitcoin pumps during this month. However, we cannot use the past to be a guarantee for the future price of bitcoin.

[pawel7777]

October has historically been the most profitable month considering median (not average) percentage performance, the best in terms of average performance is November.
The problem is almost everyone expects the price to follow that trend, but the market likes to move in the opposite direction to what the majority predicts. We somehow broke the trend and September (historically a losing month) finished with a positive growth, so there's nothing stopping October to also break the trend but in the opposite direction. And when things don't look good around the middle of the month, a panic might kick in and some investors might be heading for the exit.
All in all, I'm staying positive and think there are more signs indicating we might start an upward trajectory soon.

[NotATether]

October has historically been the most profitable month considering median (not average) percentage performance, the best in terms of average performance is November.
The problem is almost everyone expects the price to follow that trend, but the market likes to move in the opposite direction to what the majority predicts. We somehow broke the trend and September (historically a losing month) finished with a positive growth, so there's nothing stopping October to also break the trend but in the opposite direction. And when things don't look good around the middle of the month, a panic might kick in and some investors might be heading for the exit.
All in all, I'm staying positive and think there are more signs indicating we might start an upward trajectory soon.

Traders will almost certainly do everything they can to keep it that way, such as buying up every last bitcoin on Earth, if it made Uptober happen right now.

Right now the price is still above $60K. Nothing is really stopping it from going higher if it can keep this support intact.

Like I wrote in another thread, just wait for a couple more weeks and see what happens then.

[Rubel007]

We can consider this month of the year as a particularly positive month for Bitcoin. As is the case with Bitcoin throughout the year, expectations are higher this month than any other month. We haven't seen much bullish movement in Bitcoin for the past few months but our expectations for the upcoming bull run are high. We place special emphasis on October as a month of reflection on that future. We may be able to see a big bull run in Bitcoin by the end of December this year or the first quarter of next year. And we can consider this month as an indication of that bull run. Bitcoin has been in decline for a while, we might be able to see a major change in the second week of this month.

[NotATether]

We can consider this month of the year as a particularly positive month for Bitcoin. As is the case with Bitcoin throughout the year, expectations are higher this month than any other month. We haven't seen much bullish movement in Bitcoin for the past few months but our expectations for the upcoming bull run are high. We place special emphasis on October as a month of reflection on that future. We may be able to see a big bull run in Bitcoin by the end of December this year or the first quarter of next year. And we can consider this month as an indication of that bull run. Bitcoin has been in decline for a while, we might be able to see a major change in the second week of this month.

I'm not sure if "the second week of this month" is enough to see a major price change. You might need to add one more week so that your expectations aren't let down and you don't get disappointed.

All this rushing to get the price up isn't good for you and you might get exhausted from waiting so long, so just focus on doing something else and forget about it for the next two weeks.