What do you think about the remaining 18 days of this month

[MrSpasybo]

The US election is likely to be held on November 5.  Even if Donald Trump makes a positive comment about Bitcoin, the effect on Bitcoin is not yet visible, but if Donald Trump wins the election, then there will be a huge positive effect on Bitcoin.  Because on the one hand, the time of Bitcoin's bull run is early 2025 and on the other hand, the issue of Donald Trump's Bitcoin support is in front.  So this time we might see a big bull run if Donald Trump wins the election

I count the election as a catalyst for a bullrun, pushing BTC to the $150K-$170K price zone in Q1 2025. Prior to that, the FED interest rate cut could significantly impact BTC price, potentially pushing BTC price out of the current boring correction wave.

In a recent my prediction, I thought the last half of September would be a recovery period for BTC price to maintain the bullish channel. Currently, I still maintain this view: BTC should recover in September to be able to explode in Q4 with Uptober, Moonvember & Pumpcember ^^

• Bitcoin will soon resume its growth along the parallel channel?

[SmartGold01]

-snip-
Well, to me I don't really believe that Month of September would be so nice to bitcoin after checking from historical data and it seems to be the worst month ever in bitcoin history. But whatmore, things are actually happening and who knows we would see Bitcoin hitting ATH before halving and of course no one believes and we never thought of this before so what else do you think would likely happened this month. Above 70k or below 70k?

Floor is open for discussion.

In mid-September, the price of Bitcoin has also started to break through $60k and anything can happen and is not tied to the previous trend.
Being above $70k or below this year will only depend on how the trend is going, If there is a lot of positive news and Bitcoin's rise is supported by better mass adoption it will be the next upswing.

And also waiting to see how the US presidential election will affect it, if Trump is elected, this will be the main benchmark for Bitcoin's rise in 2024.
But anything can happen overnight, just be prepared with your spare money and already fill your bag more.

I don't usually see this as one of the major factor to influence the market because for long bitcoin has be sailing so fine without even the US government making any good pronouncement toward it but rather it was on the contrary, where they kept fight against bitcoin. Don't be surprised all their tells and speech about bitcoin would be a merely just a political propaganda in other to buy the heart of people who are solely bitcoin lover's and of course almost the young teenage knows about bitcoin and would love for bitcoin to come into adoption. Well let us watch and see how the election goes.

The US election is likely to be held on November 5.  Even if Donald Trump makes a positive comment about Bitcoin, the effect on Bitcoin is not yet visible, but if Donald Trump wins the election, then there will be a huge positive effect on Bitcoin.  Because on the one hand, the time of Bitcoin's bull run is early 2025 and on the other hand, the issue of Donald Trump's Bitcoin support is in front.  So this time we might see a big bull run if Donald Trump wins the election

There is no real data or statistical evidence that Donald Trump has that chances to win the election, actually I can't judge because political movement can't be over emphasized since it changes at every slight time, were one would think that is very hard for one to win before then the other wins, the reason why people gives some credits to Donald is his speech towards bitcoin and I am not sure that would be the thing to propel him to win the election by November 5 as you said.

[Captain Corporate]

While there are fewer games left, I think its clear that we are going to see the price go even higher because I think it hasnt really stopped yet and I think that at least a 65k is quite possible for this month and we think we are doing fine right now since everyone is buying and increasing the price so it shouldnt really be a problem at all and make some profiit. I know not everyone has the same trust to it but I think worrying about drops makes no sense during this period and we could make a lotof money because we  are leading upto the bull period

[nakmantu99]

While there are fewer games left, I think its clear that we are going to see the price go even higher because I think it hasnt really stopped yet and I think that at least a 65k is quite possible for this month and we think we are doing fine right now since everyone is buying and increasing the price so it shouldnt really be a problem at all and make some profiit. I know not everyone has the same trust to it but I think worrying about drops makes no sense during this period and we could make a lotof money because we  are leading upto the bull period

I also have the same analysis with , we are heading towards a bull period even though we will see several times bitcoin will experience correction but it is likely as you said the price of bitcoin will likely reach $ 65 this month, I think that is a good achievement because the bull season will still be long to happen next year. and hopefully by the end of this year bitcoin can reach a new ATH.

[SmartGold01]

Currently bitcoin price is at $59,559 and I got some local news in a radio station where someone was saying about currency that it would be hit around nearly 70k this period before this month close. I was like he is speaking about bitcoin on radio after what the government is dealing with people associating selves to cryptocurrency.. anyway, that is the reason I created this topic.

The major reason was to see very from various poster here why this statement is true that bitcoin would hit 70k before the month of September closes itself.

Well, to me I don't really believe that Month of September would be so nice to bitcoin after checking from historical data and it seems to be the worst month ever in bitcoin history. But whatmore, things are actually happening and who knows we would see Bitcoin hitting ATH before halving and of course no one believes and we never thought of this before so what else do you think would likely happened this month. Above 70k or below 70k?

Floor is open for discussion.

I think it's not going to hit the $70k target there is no historical data that makes this month more bullish and there is no bullish news either elections for US presidents are in November, and FTX can announce payment anytime which in my opinion is a bullish news if they will pay in fiat. I don't know any other technical reasons for BTC to touch $70k.

These remaining days are not so bullish for BTC we can see the real volatility in the last 10 days of this month, which are not far because these 10 days are most likely to be bullish or bearish and I think these 10 days will be bearish like you said the month has a bad history for BTC.

Can't be sure of FTX making payment so soon or that easily, but I don't know how reliable this news could be because most people saying it would take them around 2-4 years to start commencing payment to their users or investors. But this could not have any positive to the market if it doesn't happened within next year to also help to increase the price of bitcoin.

[ZAINmalik75]

Can't be sure of FTX making payment so soon or that easily, but I don't know how reliable this news could be because most people saying it would take them around 2-4 years to start commencing payment to their users or investors. But this could not have any positive to the market if it doesn't happened within next year to also help to increase the price of bitcoin.

I am also not sure how reliable this news is, but I did not not hear that they will take 2 to 4 years to start paying their users. These all can be rumors and can be real we should wait for official news. I am not an FTX user and I did not lose my funds so I don't care when they will repay but whenever they will it can impact the price of BTC.

If they made payment in bear cycle then users will buy crypto and it will be a great opportunity for them because they will get to buy crypto at lower rates.

[sampoerna]

Can't be sure of FTX making payment so soon or that easily, but I don't know how reliable this news could be because most people saying it would take them around 2-4 years to start commencing payment to their users or investors. But this could not have any positive to the market if it doesn't happened within next year to also help to increase the price of bitcoin.

Indeed, until now there has been no clarity from FTX or related parties about when they will return the assets to users. And there are also some notes that need to be considered, not all money can be returned, not the gains, only their assets, and there are stages.

However, I am also not sure if it will be returned in the near future. It has been several months since FTX announced that it would return the assets of investors, but until now there has been no clarity. Maybe it will be like MT Gox, it will take several years. It's a shame, even though maybe the assets want to be prepared for the bullrun later.

[SmartGold01]

Can't be sure of FTX making payment so soon or that easily, but I don't know how reliable this news could be because most people saying it would take them around 2-4 years to start commencing payment to their users or investors. But this could not have any positive to the market if it doesn't happened within next year to also help to increase the price of bitcoin.

Indeed, until now there has been no clarity from FTX or related parties about when they will return the assets to users. And there are also some notes that need to be considered, not all money can be returned, not the gains, only their assets, and there are stages.

However, I am also not sure if it will be returned in the near future. It has been several months since FTX announced that it would return the assets of investors, but until now there has been no clarity. Maybe it will be like MT Gox, it will take several years. It's a shame, even though maybe the assets want to be prepared for the bullrun later.

You know most at times you wouldn't know how they operate and planned to pay back, but from what i am sensing about this people seems they would want to utilized the bullrun and pay exactly to usdt maybe there funds are being stored in bitcoin and when the market bull they could sell to usdt to payout. Well i am not sure of this but for them to meet this could be another modalities to implore to enable them payout million to billion dollar they are owing.

[Gurujebs]

I am also not sure how reliable this news is, but I did not not hear that they will take 2 to 4 years to start paying their users. These all can be rumors and can be real we should wait for official news. I am not an FTX user and I did not lose my funds so I don't care when they will repay but whenever they will it can impact the price of BTC.

If they made payment in bear cycle then users will buy crypto and it will be a great opportunity for them because they will get to buy crypto at lower rates.

Mt. Gox that happened years back before I got into crypto made distribution to the affected customers this year and we expected soon FTX to pay their customers. There is more to what happened to FTX and SBF than been discussed with the public. A lot of stolen funds and liquidity drained in the exchange before the exchange even collapsed.

Another problem I think they might have is that the representative of FTX are trying to make settlement in value since crypto has increased in value, they have that value to give but many investors want to have their money back in tokens they have invested and SBF is trying to appeal again. With all this, I'm not sure if this exchange is ready to pay the affected people.

[taufik123]

-snip-
Another problem I think they might have is that the representative of FTX are trying to make settlement in value since crypto has increased in value, they have that value to give but many investors want to have their money back in tokens they have invested and SBF is trying to appeal again. With all this, I'm not sure if this exchange is ready to pay the affected people.

Of course, there will be many claims to keep their tokens intact without being paid using stablecoins.
If FTX pays in stablecoins, it will benefit them, especially when crypto prices continue to rise.

While there is a refund to FTX users, it will not change the view of FTX as an exchange with a very bad reputation.
I won't even use FTX even if it's operational again.

[Rruchi man]

Above 70k or below 70k?

Floor is open for discussion.

If there is confusion about the possibility of  bitcoin price, just check the charts and follow the candles.

From what I see, Bitcoin will do well above 70k, but it is not in the remaining 18 days of this month. Let us not get our hopes high but try to remain patient with bitcoin and it's price movement.

High expectations can lead to disappointments'.

[Hisbullah]

Above 70k or below 70k?

Floor is open for discussion.

If there is confusion about the possibility of  bitcoin price, just check the charts and follow the candles.

From what I see, Bitcoin will do well above 70k, but it is not in the remaining 18 days of this month. Let us not get our hopes high but try to remain patient with bitcoin and it's price movement.

High expectations can lead to disappointments'.

I see the same thing and I also predict that bitcoin price will rise above $70K soon, but this may happen next month. 18 days have passed and we see bitcoin is still below $65K. Many investors say that bitcoin will show good progress in November, but I think we will see it in October. So don't worry when we see bitcoin having difficulty rising, because the bullish season has not arrived yet.

[SmartGold01]

Above 70k or below 70k?

Floor is open for discussion.

If there is confusion about the possibility of  bitcoin price, just check the charts and follow the candles.

From what I see, Bitcoin will do well above 70k, but it is not in the remaining 18 days of this month. Let us not get our hopes high but try to remain patient with bitcoin and it's price movement.

High expectations can lead to disappointments'.

Smiles..
Yes you are right actually people put their expectations on bitcoin to break unimaginable record and of course those who invested lately would want everyone single opportunity for the price to break the even records. Like I am also not too that pressured about price increase but as well being optimistic about that something positive would like happened within the period or comes next year.

[NotATether]

Above 70k or below 70k?

Floor is open for discussion.

If there is confusion about the possibility of  bitcoin price, just check the charts and follow the candles.

From what I see, Bitcoin will do well above 70k, but it is not in the remaining 18 days of this month. Let us not get our hopes high but try to remain patient with bitcoin and it's price movement.

High expectations can lead to disappointments'.

It's going to be above $70K for sure. We can clearly see what Bitcoin is going on an upward trend now, and things will get chaotic during election time in the USA, so it has the possibility of going up further, but whether that actually happens by the end of the year is still subject to debate.

I only see it going back down if there is more (big) bad news for crypto.

[SmartGold01]

Above 70k or below 70k?

Floor is open for discussion.

If there is confusion about the possibility of  bitcoin price, just check the charts and follow the candles.

From what I see, Bitcoin will do well above 70k, but it is not in the remaining 18 days of this month. Let us not get our hopes high but try to remain patient with bitcoin and it's price movement.

High expectations can lead to disappointments'.

It's going to be above $70K for sure. We can clearly see what Bitcoin is going on an upward trend now, and things will get chaotic during election time in the USA, so it has the possibility of going up further, but whether that actually happens by the end of the year is still subject to debate.

I only see it going back down if there is more (big) bad news for crypto.

Lot of people have been point at this debate having effects on bitcoin price which I don't actually give positive response as either or without the debate what would happen will definitely happens because bitcoin has been there and has been surviving even without any serious positive awareness from the US government, instead the opposite. But was shocked to see that major interest and focused has began to show face on bitcoin today which is a major points of attraction to US candidate.