Bitcoin's price in October 2024

[SamReomo]

Since the start of October, Bitcoin has been losing its value, Bitcoin touched $66k by the end of September but in 1st of October Bitcoin's value fell below $60500 and the value somehow recovered back to $61700. But it wasn't able to push once again to $62k or above it. Due to it the whole market has gone crazy and most alt coins have lost value during the dip. The Bitcoin is dipping again but no one knows how low it will dip this time.

Is this a price correction or we may see another dip that might be more intense then the current one?

[ZAINmalik75]

Since the start of October, Bitcoin has been losing its value, Bitcoin touched $66k by the end of September but in 1st of October Bitcoin's value fell below $60500 and the value somehow recovered back to $61700. But it wasn't able to push once again to $62k or above it. Due to it the whole market has gone crazy and most alt coins have lost value during the dip. The Bitcoin is dipping again but no one knows how low it will dip this time.

Is this a price correction or we may see another dip that might be more intense then the current one?

This might be the price correction but currently there is a big pressure on crypto and all over the markets due to War and the more it gets interesting the more volatile the market will be. It can be a correction as well but we should be prepared for unpredicted situations. Those who are experts must have predicted this coming.

Therefore we all have to get up to date information about what's happening in the world any move made from the USA might trigger high volatility in all the markets which won't be a good thing for investors so maybe to be safe some are withdrawing their assets from crypto and we saw the selling pressure caused the dump.

[alltalk]

It is quite surprising, we expect bullish in October but we saw bearish in the beginning of this month.   

If you checked CoinMarketCap, the lowest price today is below $60k, it was $59,996. If this correction continues, it may be heading $55k again. However, I believe condition of Bitcoin in the beginning of this month, may not reflect the condition of Bitcoin in the whole month. Who knows that the Bitcoin retest again to $65k in the next week? We still have a chance to see Bitcoin to retest $70k this month. I myself hope $70k will be achieved in the beginning of November at least.

https://coinmarketcap.com/currencies/bitcoin/

[JISAN]

Since the start of October, Bitcoin has been losing its value, Bitcoin touched $66k by the end of September but in 1st of October Bitcoin's value fell below $60500 and the value somehow recovered back to $61700. But it wasn't able to push once again to $62k or above it. Due to it the whole market has gone crazy and most alt coins have lost value during the dip. The Bitcoin is dipping again but no one knows how low it will dip this time.

Is this a price correction or we may see another dip that might be more intense then the current one?

The price of Bitcoin naturally started to rise and in the month of October we could see a good price of Bitcoin but suddenly this news of Iran attack on Israel made the entire crypto market unstable.  Due to which we are seeing Bitcoin dumping.  But this problem will end very soon and maybe we will see a positive effect in the entire crypto market including Bitcoin by the end of October and maybe we will see a bull run early next year.

[bayu7adi]

Again because the price of BTC failed to break through its resistance level, and now the news of the Iran and Israel war is another trigger for the cryptocurrency market to turn red ... even some people have the view that the price of Bitcoin will touch $ 54k because the tension in the Middle East is the cause .. for short-term traders, please be careful, because the beginning of October is quite confusing for us ... moreover, ETFs also give good signals that the current Bitcoin achievement is the best for funds to enter ETFs.

There is bad news and good news at the same time ... they keep Bitcoin there and still have very good potential.

[bitterguy28]

It is quite surprising, we expect bullish in October but we saw bearish in the beginning of this month.   

everyone expected peak price in august, september and now october again all we can do is try to predict and wait so far nothing has really happened in favor of all these expectations but it is just the start of the month and anything can still happen over the course of four weeks

Who knows that the Bitcoin retest again to $65k in the next week? We still have a chance to see Bitcoin to retest $70k this month. I myself hope $70k will be achieved in the beginning of November at least.

there is no guarantee but i am quite confident that by the remaining weeks of the year bitcoin might reach 70k or even set another ath just make sure to be prepared and do not be swayed by the fud spreading

[yhiaali3]

I was very bullish on Bitcoin’s October rally because Bitcoin’s monthly close in September was good as Bitcoin rose to above 65K at the end of September and then dropped to close at around $63,600.

Unfortunately, the start of October was bad as the price suddenly dropped below 61K due to military tensions in the Middle East that caused oil to rise and global stock markets to fall. If these events continue to escalate as expected, it will most likely continue to fall.

[Ricardo11]

Since the start of October, Bitcoin has been losing its value, Bitcoin touched $66k by the end of September but in 1st of October Bitcoin's value fell below $60500 and the value somehow recovered back to $61700. But it wasn't able to push once again to $62k or above it. Due to it the whole market has gone crazy and most alt coins have lost value during the dip. The Bitcoin is dipping again but no one knows how low it will dip this time.

Is this a price correction or we may see another dip that might be more intense then the current one?

The price of Bitcoin naturally started to rise and in the month of October we could see a good price of Bitcoin but suddenly this news of Iran attack on Israel made the entire crypto market unstable.  Due to which we are seeing Bitcoin dumping.  But this problem will end very soon and maybe we will see a positive effect in the entire crypto market including Bitcoin by the end of October and maybe we will see a bull run early next year.

I also agree with you, Bitcoin is currently dumping because of the conflict between Israel and Iran. But expect the crypto market to recover very quickly, it may only be volatile for the first few days of October, but we can expect to see something better by the end of October. And we can definitely expect to see a bull run next year.

[TomPluz]

Again because the price of BTC failed to break through its resistance level, and now the news of the Iran and Israel war is another trigger for the cryptocurrency market to turn red ... even some people have the view that the price of Bitcoin will touch $ 54k because the tension in the Middle East is the cause...

The bad news for Bitcoin and for us maybe is that the geopolitical tension happening right now between Iran and Israel certainly created jitters in the market...hence we saw a big retreat from what supposed to be an opening salvo in the so-called Uptober Feast...which may turn out to be a mourning month for all of us. And since Iran and Israel will be occupying the fear side of things this month of October what we are predicting for this month may not be coming true...we might as well expect better things in November and December. I am beginning to convince myself that the dreamed big bullrun may not be coming true, after all. Anyway, let's all not delve so much on the negative...and take this dip as an opportunity to buy more Bitcoin, that is if you still have the money for it.

[examplens]

I was very bullish on Bitcoin’s October rally because Bitcoin’s monthly close in September was good as Bitcoin rose to above 65K at the end of September and then dropped to close at around $63,600.

Yap, how far it went, even a petition appeared 
Petition to rename:

“Rektember” to “Uptember” and
“Uptober” to “Rektober”.

https://x.com/DaanCrypto/status/1841790675387351356

[MrSpasybo]

Since the start of October, Bitcoin has been losing its value, Bitcoin touched $66k by the end of September but in 1st of October Bitcoin's value fell below $60500 and the value somehow recovered back to $61700. But it wasn't able to push once again to $62k or above it. Due to it the whole market has gone crazy and most alt coins have lost value during the dip. The Bitcoin is dipping again but no one knows how low it will dip this time.

Is this a price correction or we may see another dip that might be more intense then the current one?

We had a pretty successful September for BTC and the global economy, so I believe Q4 will also be a good opportunity for market growth. Uptober is underway, and I don't think we'll have 31 boring days this month, it should come with price increases or a new ATH.

I think BTC price corrections might still happen but with a smaller range and won't drop below $50K. The accumulation phase has lasted long enough, an uptrend should occur to prevent investors from getting so disappointed that they leave the market. The market needs them and their money + FOMO to continue to exist and grow.

[Themepen]

Yes you are right value of Bitcoin has gone down since start of October. This happened after it reached its highest point of $66000 at end of September. Then it briefly went below $60500 but came back up to $61700. However it could not go past $62000. This up and down movement has affected whole cryptocurrency market causing other digital coins to lose value.

As Bitcoin value drops again people are unsure what will happen next. They are wondering if this is just small adjustment or start of bigger decline. So let's see where market will move in coming days.

[Rikafip]

Is this a price correction or we may see another dip that might be more intense then the current one?

Dunno, these small corrections doesn't seem something that we should worry about.

In general, I think that people should obsess less with the short term prices because more often than not it can bring them disappointment. Then again, maybe those who are controlling the market are surpressing the bitcoin price on purpose, because everyone is expecting the pump. So after longs are liquidated, they can start with the pump.

[Hamza2424]

According to the current market sentiments due to Iran's strike on Israel. Seems like now the momentum is broken and we need to wait for more time to make a comeback, I know October is bullish by historical means but these developments hold more influence compared to the historical moves. Let's wait for how long the market stays stuck in this zone.

[yhiaali3]

Yap, how far it went, even a petition appeared 
Petition to rename:

“Rektember” to “Uptember” and
“Uptober” to “Rektober”.

https://x.com/DaanCrypto/status/1841790675387351356

Thanks for sharing the post, really nice.

In addition to the rename you mentioned "Uptember" and "Rektober" there are rename that really excited me some are very optimistic like "Moonvember" and some are pessimistic like "Octobear" and some are calling for a holdover like "HODLvember".

But overall there is creativity in the rename.