Bitcoin's price in October 2024

[JoyMarsha]

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 month of October just started, and we are seeing another dimension of Bitcoin price heading below the $60k price we thought we had long passed.

This just feels like October will be another correction month we have to see before Bitcoin gives another ATH for this year. Nevertheless, what I am sure is that we won't stay below $70k before the end of the year. Let Bitcoin go ahead and fluctuate as it likes to shake off the weak hands of the crypto market in October. Many of us will be here, holding strong to our Bitcoin assets, believing that next will be all good for us to see our most anticipated price of $100k and above

[SamReomo]

Thanks to all reputed members of the forum who give their valuable opinion about the price of Bitcoin in October and it's  actually the 3rd day of October and still we haven't seen any positive upward green candles. I expect that this week is not going to give us any bullish results and there's chance that we may have some green candles next week but only if geopolitical matters get solve but if those get more worse then there's chance to see further decline in the value of Bitcoin. Once again, thanks to everyone for sharing their honest opinion and those were really helpful.

[vegasus]

Thanks to all reputed members of the forum who give their valuable opinion about the price of Bitcoin in October and it's  actually the 3rd day of October and still we haven't seen any positive upward green candles. I expect that this week is not going to give us any bullish results and there's chance that we may have some green candles next week but only if geopolitical matters get solve but if those get more worse then there's chance to see further decline in the value of Bitcoin. Once again, thanks to everyone for sharing their honest opinion and those were really helpful.

Yes, since the beginning of the month, the price is still fluctuating at $59k - $60k. There has been no significant movement either for correction or for the possibility of an up. Yes, maybe because it is the beginning of the month, it seems that the previous few months were usually like this and even the decline was much worse. Is it possible that on October 5th there will be another drastic decline like the previous months? Then the price increase will really start towards the 3rd week? Hopefully there will be a positive signal from our hopes to really welcome Uptober.

[0t3p0t]

This clearly shows us about the Bitcoins price being unpredictable and yet we are still speculating where it's heading but we all know that price might go up or down in the coming days or months because this is what is natural about Bitcoins volatility. But one thing is for sure, if Bitcoins price will remain sideways or down this year maybe we can see it skyrocket again in the year 2025.

[bounceback]

Bitcoin have many good news in October and show good progress recovery to higher price but the war between Iran vs Israel make it bad happening to cryptocurrency drastically dropped to lower price few hours only after Iran attack Israel. I have huge expectation in this month or October will see potential with bitcoin will hit higher price above $70k but the war between top influence countries between Iran and Israel make bad happening for cryptocurrency price as usually every war invasion bring bad to crypto.
Bad happening later if Israel counter attack to Iran and make more bad news for cryptocurrency with difficulty will bitcoin hit to higher price in this month?

[God Of Thunder]

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

I feel like this is just a price correction, even if it happened due to bad news. I still think it is not a sign of an upcoming bear market. We haven't seen a full bull run yet, even though I consider it a pre-bull run since we have already broken the previous all-time high. Usually, Bitcoin breaks all its records within the same or the next year after the halving.

So, I guess we can expect a good bull run in the coming months or years. We should not go below 50K in the next three months. I still see it as price correction and I really hope we will jump back again even if we go lower than 50K.

[SmartGold01]

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?

It's undoubtedly that month of September has been month with much resistance even though the later ends seems to be bull it doesn't mean that this month of October will also end the same, historically October is always bullish, but since from the 1 day of this month the bitcoin price has been dangling within 60-61 plus. This shows there is a strong resistance in the market which is keeping the price within the level of 62k, maybe when the selling price is less than the buying pressure we can assume to have change in price.

[armanda90]

I feel like this is just a price correction, even if it happened due to bad news. I still think it is not a sign of an upcoming bear market. We haven't seen a full bull run yet, even though I consider it a pre-bull run since we have already broken the previous all-time high. Usually, Bitcoin breaks all its records within the same or the next year after the halving.

So, I guess we can expect a good bull run in the coming months or years. We should not go below 50K in the next three months. I still see it as price correction and I really hope we will jump back again even if we go lower than 50K.

Seems good news last few minutes after bitcoin success hitting above $62k and looks promising for bitcoin raise to higher price, most important how to make many holder keep hold their bitcoin and not get panic when bad news happening recently war conflict between Iran and Israel.
For bitcoin recovering to $62k last few minutes ago I believe potential hit or bounce of bitcoin price above $70k in short term or break the latest ATH price have been existing more than 6 months ago.

[bmr]

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?

What we are seeing could indeed be a natural correction. Bitcoin has had a strong rally in September, reaching high levels like $66k, so some downward movement is expected after such a rise. Typically, corrections can pull back prices by 10-20%, which is healthy for the market before the next move up. If Bitcoin stabilizes above key levels (like $60k), this could just be a temporary dip . Now let's see what happens next .

[Captain Corporate]

As we can see, recovery was this simple and we didn't really need anything else, we are fine with what we already have so we shouldn't be worried about it at all. I understand its going to be a hard thing to handle for the people who sold out with fear, but we already recovered to 62k+ levels already. And it will not stay just here, it will grow even more and we are going to see the price get to a greater level eventually as well. Do not lose hope on bitcoin this easily, its not going to be a big deal, we are going to end up going to 70k+ soon and then when the bull comes 100k+ will be possible as well.

[MRY]

I feel like this is just a price correction, even if it happened due to bad news. I still think it is not a sign of an upcoming bear market. We haven't seen a full bull run yet, even though I consider it a pre-bull run since we have already broken the previous all-time high. Usually, Bitcoin breaks all its records within the same or the next year after the halving.

So, I guess we can expect a good bull run in the coming months or years. We should not go below 50K in the next three months. I still see it as price correction and I really hope we will jump back again even if we go lower than 50K.

Seems good news last few minutes after bitcoin success hitting above $62k and looks promising for bitcoin raise to higher price, most important how to make many holder keep hold their bitcoin and not get panic when bad news happening recently war conflict between Iran and Israel.
For bitcoin recovering to $62k last few minutes ago I believe potential hit or bounce of bitcoin price above $70k in short term or break the latest ATH price have been existing more than 6 months ago.

Well, The current situation means that there are greater possibilities for Bitcoin’s growth Although geopolitical circumstances can so often have an influence on the market, but investors should not necessarily to panic. This is typical for the crypto market and for those who have long term plans, such a price fall is an excellent chance to make a profit We must good and wait for deeper analysis and a view on the global market trends it is still open that Bitcoin may very well surpass the numbers that you mentioned above with the recovery momentum that has already occurred.

[God Of Thunder]

Seems good news last few minutes after bitcoin success hitting above $62k and looks promising for bitcoin raise to higher price, most important how to make many holder keep hold their bitcoin and not get panic when bad news happening recently war conflict between Iran and Israel.
For bitcoin recovering to $62k last few minutes ago I believe potential hit or bounce of bitcoin price above $70k in short term or break the latest ATH price have been existing more than 6 months ago.

If you check, you will notice that not only the cryptocurrency market but also the stock market was affected. A war between any country always affects the market. The price of oil has also increased a lot since the war started. I remember the volatility that happened when Russia started attacking Ukraine. Whether the war continues or not, I guess this is just a small correction. Everything will come back to normal again. The day traders always take the chance at such news. They know that the market will go down Whenever a war starts. According to the stats, October is a good month for Bitcoin. I hope history will repeat again.

[Hamza2424]

Hmm, currently we are stuck in geopolitical pressure from Iran and Israel sides, if they go for more strikes on each other for sure October is not gonna be as impressive as we expect it to be. Anyway, if things goes smoothly in entire left over month we can for sure gonna hit a new ATH close to $80k and that's it in my views for this year, for the rest and part 2 wee need to wait till next years Q1's end and Q2.

[Jating]

Hmm, currently we are stuck in geopolitical pressure from Iran and Israel sides, if they go for more strikes on each other for sure October is not gonna be as impressive as we expect it to be. Anyway, if things goes smoothly in entire left over month we can for sure gonna hit a new ATH close to $80k and that's it in my views for this year, for the rest and part 2 wee need to wait till next years Q1's end and Q2.

Prices seems to be on the sideways again, the good news is that the price did hold the support line for now. It's really hard to envision that there will be peace at the Middle East right now, specially that Iran might be thinking of getting their revenge.

Hopefully in the last 3 months, as we enter the last phase of this year, the price will go and rebounded itself. I will not expect 6 digit though, because that will be too much, but at least $80k will be good for us, new all time high but still waiting for more, entering 2025.

[Baofeng]

Seems good news last few minutes after bitcoin success hitting above $62k and looks promising for bitcoin raise to higher price, most important how to make many holder keep hold their bitcoin and not get panic when bad news happening recently war conflict between Iran and Israel.
For bitcoin recovering to $62k last few minutes ago I believe potential hit or bounce of bitcoin price above $70k in short term or break the latest ATH price have been existing more than 6 months ago.

If you check, you will notice that not only the cryptocurrency market but also the stock market was affected. A war between any country always affects the market. The price of oil has also increased a lot since the war started. I remember the volatility that happened when Russia started attacking Ukraine. Whether the war continues or not, I guess this is just a small correction. Everything will come back to normal again. The day traders always take the chance at such news. They know that the market will go down Whenever a war starts. According to the stats, October is a good month for Bitcoin. I hope history will repeat again.

And that is the thing with financial markets, we are all connected. That if one negative news, all of us are going to go down, whether we like it or not. Just like in the last month or so, with the background of a war between Israel against Iran, it really affected the whole financial market.

We are just lucky that we have seen the price hits $65k-$66k, but there is too much selling pressure, and so correction did happen. But we are still hopeing that October will bring something in the table for us, maintain or break that $65k price.