Bitcoin's price in October 2024

[sampoerna]

Even though yesterday it was up a little, today it went down again, quite a drastic drop in this week, even the price of BTC fell more than 5%. While altcoins are not immune from this condition, they also fell, some even reached more than -9%. This may indeed always be a habit at the beginning of the month, the market will definitely be like this, and then it will start to rise in the 2nd and 3rd weeks. then after that, the cycle will return to this again. That's why for short-term traders, what should be considered is when we consider various market conditions for investing, it is very important, don't just enter after hearing news about October which usually goes up too.

[LogitechMouse]

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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 first days of October doesn't seem good for us because like you've said, it dipped below $60,000 at one point and although it recovered already, it isn't as high as what we've seen last month.

My price prediction for the month of October? Bitcoin's price will at least reach $70,000 or even surpassing it's previous ATH at one point. I know I'm too optimistic, but based on history, Bitcoin is bullish for the month of October and knowing that we are heading for a potential bull run maybe next year, I believe that the price will start to go up this month in preparation for it.

Of course, I might be wrong because I didn't expect Bitcoin to end up bullish last month. Who knows? We might see Bitcoin going as low as $50,000 this month. Anything is possible

[nakmantu99]

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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 first days of October doesn't seem good for us because like you've said, it dipped below $60,000 at one point and although it recovered already, it isn't as high as what we've seen last month.

My price prediction for the month of October? Bitcoin's price will at least reach $70,000 or even surpassing it's previous ATH at one point. I know I'm too optimistic, but based on history, Bitcoin is bullish for the month of October and knowing that we are heading for a potential bull run maybe next year, I believe that the price will start to go up this month in preparation for it.

Of course, I might be wrong because I didn't expect Bitcoin to end up bullish last month. Who knows? We might see Bitcoin going as low as $50,000 this month. Anything is possible

Many predict that the price of bitcoin will touch a new ATH in October, because usually October is a good month during the 4-year cycle before the bullish season, but anything can happen. we can't guess the geopolitical atmosphere and the results of the US presidential election will affect crypto if trump does not win, the price of crypto will likely drop.

[Baofeng]

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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 first days of October doesn't seem good for us because like you've said, it dipped below $60,000 at one point and although it recovered already, it isn't as high as what we've seen last month.

My price prediction for the month of October? Bitcoin's price will at least reach $70,000 or even surpassing it's previous ATH at one point. I know I'm too optimistic, but based on history, Bitcoin is bullish for the month of October and knowing that we are heading for a potential bull run maybe next year, I believe that the price will start to go up this month in preparation for it.

Of course, I might be wrong because I didn't expect Bitcoin to end up bullish last month. Who knows? We might see Bitcoin going as low as $50,000 this month. Anything is possible

Many predict that the price of bitcoin will touch a new ATH in October, because usually October is a good month during the 4-year cycle before the bullish season, but anything can happen. we can't guess the geopolitical atmosphere and the results of the US presidential election will affect crypto if trump does not win, the price of crypto will likely drop.

Let's just stay we stay with the prediction that October will still be good for us. We are just barely a week and indeed it seems that we are going to be on a bear market. But think again, the same we have said that September is a bad month and yet we reaches $65k and a 7% green candle. So let's wait and see first, maybe in the next 3 weeks we might see a good run leading to break psychological barriers of $65-k$68k. Let's just be patience and hope for the best that the price is going to be good this October and then we can see continue it's momentum up to the end of this year.

[satpol_PP]

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.

Geopolitical conditions will also affect the crypto market, Iran's attack on Israel also caused Bitcoin to fall back to $60k, although currently the price of Bitcoin has risen back to $62K but is having difficulty rising to $65K, see how the Bitcoin price moves in the future.

[God Of Thunder]

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.

I also expect something good this month because Bitcoin used to give good returns in the month of October since it launched. I guess I can expect some good returns this year as well. As for the market, yeah, I know that all the finance market are somehow connected and a single bad news affect all the market including crypto and stocks.

But, some markets are more volatile then others. For example, I don't remember seeing massive falls on Gold market. Probably because it's not possible to update the gold market data real time. The short time movement rarely affect the gold market. But when it comes to crypto currency, we can see a massive 10% down in a couple of hours which is incredible.

[Fivestar4everMVP]

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?

Well, in crypto, and from my long stay and experience in this industry, I've learnt to always expect any thing to happen at any given point and time, whether it be a negative thing or positive, specially as it concerns the market and bitcoin in particular, since bitcoin still have a major influence on the entire crypto market.

I am suspecting or supposing that the decline we began to see or experience in the price of bitcoin since the 1st of October was as a result of the war between Israel and Iran which seemed to grow more intense the moment we entered into the month of October, it possible drove the market to respond negatively, alot of persons were complaining bitterly about this on X (formerly known as Twitter).

The price of bitcoin seem to have recovered a bit though, currently a little above $62k at the moment, but it's still pretty hard to predict where exactly the price will go from here, maybe up again, or down again, it's hard to tell.

[alltalk]

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

If we learn the price history, it is a bit strange to expect the peak on August-September. In these months, the market was mostly in red, it is very small chance to expect the peak. But if people expect the pump in October, it is reasonable because the market was in green. However, it shouldn't be the peak, it is not something very logic to expect in 2024.

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

I'm also still confident the price of Bitcoin can be above $70k again. But I don't know if it can be in October, November, or December. I think November will be the most possible time for a higher price again.

[SmartGold01]

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.

Geopolitical conditions will also affect the crypto market, Iran's attack on Israel also caused Bitcoin to fall back to $60k, although currently the price of Bitcoin has risen back to $62K but is having difficulty rising to $65K, see how the Bitcoin price moves in the future.

Yes all these news surely affect bitcoin price especially the war between Iran and israel but however, it's wouldn't be a permanent thing where bitcoin will keep declining. I believe after this year next I am not sure if it will affect it this way, because bitcoin can be limited or restricted by this two countries.

[albon]

What will happen in the future can only be guessed because the main reason for the increase in the price of bitcoin is the increase in institutional investors. Bitcoin price predictions have been made before but in reality, they didn't pan out. But institutional investors are now flocking to bitcoin. Software companies and crypto sector investors microstrategy have bought a lot of bitcoin. So if big companies tend to buy bitcoin day by day then the price of bitcoin will increase. Whether or not you should own bitcoin depends on how long you plan to hold your investment. Currently very short term investments may be risky for you.

[KingsDen]

What will happen in the future can only be guessed because the main reason for the increase in the price of bitcoin is the increase in institutional investors. Bitcoin price predictions have been made before but in reality, they didn't pan out. But institutional investors are now flocking to bitcoin. Software companies and crypto sector investors microstrategy have bought a lot of bitcoin. So if big companies tend to buy bitcoin day by day then the price of bitcoin will increase. Whether or not you should own bitcoin depends on how long you plan to hold your investment. Currently very short term investments may be risky for you.

Why I am hopeful and will remain hopeful about about Bitcoin is because of it's fixed and limited supply. All it takes is for more and more people to be interested in bitcoin, when they keep buying, the supply keeps becoming limited and the price keeps moving.
We are no longer concerned about the survival of bitcoin because it has already survived. We are just to be patient with bitcoin and involve in long term investment.
The market will uptrend from this month, maybe keep buying if you have spare funds.

[bitterguy28]

The market will uptrend from this month, maybe keep buying if you have spare funds.

instead of people worrying about when it will rise, or will it even rise (it will) just make sure to keep buying more as much as you can because as you have said it has limited supply and the demand can only rise from here it is risky yes but looking at historical data bitcoin has proven that it benefits those who trust it over time

bitcoins price has risen for quite a bit compared to past few months so really we all should have bought during its dips when it was a little cheaper

[PX-Z]

bitcoins price has risen for quite a bit compared to past few months so really we all should have bought during its dips when it was a little cheaper

It really is, bitcoin become stable in $60k for a while now at least from April this year, where in the past months it struggles to overcome $40k. So yeah next year will have a new price range, at least $80k (my guess) or higher. So keep stacking while btc is still in good shape and have higher chance to pump.

[dwyane36]

bitcoins price has risen for quite a bit compared to past few months so really we all should have bought during its dips when it was a little cheaper

It really is, bitcoin become stable in $60k for a while now at least from April this year, where in the past months it struggles to overcome $40k. So yeah next year will have a new price range, at least $80k (my guess) or higher. So keep stacking while btc is still in good shape and have higher chance to pump.

Many people are expecting big moves from Bitcoin next year, and I think so. To me, a price above $100k seems like a realistic target for BTC next year.
But if we talk about the BTC price this October, I think it will be either at the current level or slightly below $60k by the end of the month because the uncertainty and unpredictability of the conflict in the Middle East may undermine the bulls' plans in the short term.

[TomPluz]

Many people are expecting big moves from Bitcoin next year, and I think so. To me, a price above $100k seems like a realistic target for BTC next year. But if we talk about the BTC price this October, I think it will be either at the current level or slightly below $60k by the end of the month because the uncertainty and unpredictability of the conflict in the Middle East may undermine the bulls' plans in the short term.

The whole drama in the Middle East between Iran, Lebanon and Israel will all be dominating the whole of October so we might as well not expect a dramatic uprise in the price of this asset. I am one of the many who are hoping that come 2025 we can see a better global situation after the election hopefully of Donald J. Trump to the White House. Well, we can only cross our finger since these things happening on the global stage can be beyond our own control...there is nothing we can do on them except to watch and pray that things will get better as the new year will soon be entering.