Does bitcoin can hit 70k end of the September 2024?

[Kemarit]

As we know the BTC almost decrease by approximately 8% in the month of August 2024 and sustained at 58,000 USDT.

58K is key level for BTC and 2500 for ETH.

Expected one shot rally in BTC to hit 70k.

Does everything change right now though? We have hit $58,00 already, and this post is about 10 days old. And so far this September, we are still -1.59% despite the current increase in price.

And with that, we should build momentum right now. We need to at least chase $60,000 for me that is the biggest barrier to get over with. Round numbers are hard to break, but if we do, then it's going to be easy and who knows, the next will be the obvious $70,000 that you and the majority of us have been projecting.

[gunhell16]

As we know the BTC almost decrease by approximately 8% in the month of August 2024 and sustained at 58,000 USDT.

58K is key level for BTC and 2500 for ETH.

Expected one shot rally in BTC to hit 70k.

Well, that's your speculation. Remember,  the market is unpredictable, especially with the price of Bitcoin, which is at the top in this field of the crypto space. That's why I read several times and know why Bitcoin is called a volatile asset.

Then what you mentioned is that it will actually happen; it's just that none of us here really knows the exact day when it will start with the thing that we expect bitcoin to reach the price that we expect.

[LogitechMouse]

Re: Does bitcoin can hit 70k end of the September 2024?

Well, it seems like Bitcoin is holding that $60,000 price - for now. For me, it will not reach that price this month.

TBH, I've said it I guess here and in the other forum that I'm pretty much bearish this month, but we're halfway through the month already and it seems like we are seeing Bitcoin's price starting to increase already. Is this the preparation for the event that we are waiting for? Is this the start of the bull run that we are waiting for years already? Whatever happens, I hope that in the end, we will all end up in profit here and no one will get FOMOed when Bitcoin and altcoins are at the peak already.

I said that it will not reach this month, but there's a high chance that it will reach next month. Let's not forget that Bitcoin during the month of October is most of the time bullish, and it might happen again this year.

[pawel7777]

Still a long way to go till the end of the month, but looks like market has regained optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year from doing the same.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

[milewilda]

Still a long way to go till the end of the month, but looks like market has regained optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year from doing the same.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

Speaking about those common or known events or fundamentals around then it wouldnt be always that something that could really affect out overall price movement of Bitcoin on which
it could really be able to move its own without basing up with those factors outside. Tons or majority had been that anticipating that the increase would really be happening on October
because we've seen into that table that it is really that be on reds or not really that having such increase into those previous years and thats why they would really be making up
some anticipation that it would really be making out on the same movement but lets see if this one will really be continuing its momentum.

[dekafee79]

Still a long way to go till the end of the month, but looks like market has regained optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year from doing the same.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

Speaking about those common or known events or fundamentals around then it wouldnt be always that something that could really affect out overall price movement of Bitcoin on which
it could really be able to move its own without basing up with those factors outside. Tons or majority had been that anticipating that the increase would really be happening on October
because we've seen into that table that it is really that be on reds or not really that having such increase into those previous years and thats why they would really be making up
some anticipation that it would really be making out on the same movement but lets see if this one will really be continuing its momentum.

if I am more sure in november we will see a good movement from bitcoin and in december we will see bitcoin will reach a new ATH. but in september I am not sure bitcoin will touch $70K again, this is just a prediction but we do not know what will happen at the end of september.

[Asiska02]

Still a long way to go till the end of the month, but looks like market has regained optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year from doing the same.

I don’t want to use past history to judge how the market will react this season. A lot of things have happened in this cycle since the beginning of the year which we’ve not seen happened in the last cycle. Red moth September is still very much possible as we still have a long time to the end of the month but the recent green movement in the market could pose a reversal of that happening. I won’t be much surprised if that doesn’t happen though.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

The bitcoin market have been very much affected by the US stock market news and global news in general. How I wish all this doesn’t affect the market but from all indications that cannot be changed and we’ll continue to see something different in the market anytime news comes from the US market. They have a very big impact on the bitcoin market.

[Captain Corporate]

With the way it is increasing right now, I have to say that its quite likely. I know there is just ten days left but it looks like we are seeing it grow quite well and could see it become bigger. I believe that we can't really consider 70k that far away, another %10 increase and we are there so its not really that unlikely for it to grow. We should consider that it could make it grow further and do well and we just need to make sure that we are dealing with something that is profitable right now so we should try to get as much of it as we possibly could.

[NotATether]

I don't know, but I don't think it will.

It would take a lot of positive breaking news to get Bitcoin up by $7,000 in the next 10 days. And there really isn't anything out there that can make it go up that fast, except for maybe more positive, extreme crypto policies coming out of the US, but that is unlikely to happen. Actually it is more likely that hell freezes over than any news like that comes during this month.

[sagarmota10]

Common BTC just need some % to reach my target as I mentioned on my post some days ago.

FOMC meetings output give good push to BTC and we all see good move in all coins including alts.

[pieppiep]

Still a long way to go till the end of the month, but looks like market has regained optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year from doing the same.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

Speaking about those common or known events or fundamentals around then it wouldnt be always that something that could really affect out overall price movement of Bitcoin on which
it could really be able to move its own without basing up with those factors outside. Tons or majority had been that anticipating that the increase would really be happening on October
because we've seen into that table that it is really that be on reds or not really that having such increase into those previous years and thats why they would really be making up
some anticipation that it would really be making out on the same movement but lets see if this one will really be continuing its momentum.

if I am more sure in november we will see a good movement from bitcoin and in december we will see bitcoin will reach a new ATH. but in september I am not sure bitcoin will touch $70K again, this is just a prediction but we do not know what will happen at the end of september.

Well, it is also important to keep options open because no single derivitive can be taken as accurate prediction. The crypto market is influenced by numerous variables, which are unpredictable; therefore, it is crucial to have an agile approach and always analyze the data. Likewise, the management of emotions also matters since volatility usually occurs when market direction does not meet the anticipated forecast.

[Sim_card]

I don't know, but I don't think it will.

It would take a lot of positive breaking news to get Bitcoin up by $7,000 in the next 10 days. And there really isn't anything out there that can make it go up that fast, except for maybe more positive, extreme crypto policies coming out of the US, but that is unlikely to happen. Actually it is more likely that hell freezes over than any news like that comes during this month.

You are right because we are not expecting any news or event that will skyrocket the price of bitcoin to 70k without price correction. Currently, the price of bitcoin is 62k+ and it will likely stay below 65k maybe till the end of September. I hope to see the price increase in October.

[pawel7777]

The price would have to jump by 11.4% from where it is right now to reach $70k. We have over 1 week to go till the end of the month, so even accounting for a quick correction, this could still be achievable. The fear/greed index is currently "neutral" meaning there's room for growth if sceptical traders turn into optimists. The trading volume is pretty low, which usually is a bad sign for the price, so personally I think we'll have to wait for the $70k a bit longer.

[alltalk]

You are right because we are not expecting any news or event that will skyrocket the price of bitcoin to 70k without price correction. Currently, the price of bitcoin is 62k+ and it will likely stay below 65k maybe till the end of September.

Agree. Recently, there is no news that may trigger Bitcoin to jump to $70k again. It looks quite difficult to jump to $70k in a short time, we don't have many days left before the end of this month. The price of Bitcoin looks in the sideway phase, it only moved around $62k - $63k in the last few days. I also believe it is quite impossible to be $70k, but I think it is very possible to cross $65k. We aren't quite far from $65k, it possibly crosses at any time.

I hope to see the price increase in October.

I also expect this. I hope we will see big increase again in the next 3 months (October-November-December).

[UNIVERSE]

The price would have to jump by 11.4% from where it is right now to reach $70k. We have over 1 week to go till the end of the month, so even accounting for a quick correction, this could still be achievable. The fear/greed index is currently "neutral" meaning there's room for growth if sceptical traders turn into optimists. The trading volume is pretty low, which usually is a bad sign for the price, so personally I think we'll have to wait for the $70k a bit longer.

If Bitcoin can cross 10%, usually it can be 11% or more. It even can increase 15%.
However, what to trigger Bitcoin to raise above 10%? I don't see any good news that possibly push the high increase. We are likely in a flat movement, Bitcoin price still can't cross $65k but it doesn't drop below $60k. Yes, it is about 1 week before the end of this month, I don't think we can reach $70k. You're right, it seems very difficult to see a big increase in the near future with the current fear/greed index. $70k may be something to achieve in the next month.