Bitcoin's price in October 2024

[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.

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.

There are many more plus points that make people rush to buy bitcoin, such as that it is not controlled by any country's government. Detailed information about the physical identity of both the persons involved in the transaction cannot be traced or traced. It is becoming popular day by day to make bitcoin transactions anonymously. The price of bitcoin fluctuates very quickly and greatly, due to which investors or traders all get good profits. Since there is absolutely no risk, people consider bitcoin as the best currency to invest in.

[Asiska02]

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

Bitcoin have already experienced a lot of correction in recent times this year, going for another correction much lower than the ones already done will mean a lot of people losing faith in the market. At this point, a lot of people have already aspire for the market to already be on the bullish trend already, so all this abrupt drop in price has beginning to become very scary for some people. With hope not lost, bitcoin will do its thing but the bull will definitely arrive one day and all holders will be smiling again. From this point, I feel the market will not experience any much correction and will continue on an uptrend soon.

[babo]

UPtober is making itself desired, bitcoin is essentially lateralizing.
It is true that we are still on October 7th, we cannot expect only green candles.
However at the moment it's quite disappointing, but that's okay, it's fun to see what bitcoin does that is, teasing the traders lol

[SamReomo]

UPtober is making itself desired, bitcoin is essentially lateralizing.
It is true that we are still on October 7th, we cannot expect only green candles.
However at the moment it's quite disappointing, but that's okay, it's fun to see what bitcoin does that is, teasing the traders lol

I'm pretty sure that now Bitcoin is getting some momentum and I believe it will gain value in coming days. It already came back to $63k and reached $64k as well, and there's chance that it may get higher in coming days or at the same time we might see another unexpected dip.

[smartaction]

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.

There are many more plus points that make people rush to buy bitcoin, such as that it is not controlled by any country's government. Detailed information about the physical identity of both the persons involved in the transaction cannot be traced or traced. It is becoming popular day by day to make bitcoin transactions anonymously. The price of bitcoin fluctuates very quickly and greatly, due to which investors or traders all get good profits. Since there is absolutely no risk, people consider bitcoin as the best currency to invest in.

There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can be a big shock for us. Sometime if we make a wrong decision we face loss.  At that time we should control ourselves. There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can cause us a big shock.  At that time we should control ourselves.

[babo]

I'm pretty sure that now Bitcoin is getting some momentum and I believe it will gain value in coming days. It already came back to $63k and reached $64k as well, and there's chance that it may get higher in coming days or at the same time we might see another unexpected dip.

I must say, probably, in the end we are still at the beginning of the month, nothing can be said
we must say that it is not even certain that October will be positive
it has been positive for many years so we ASSUME it is positive but this is not certain

in any case we have the fees that are moving a little, with a peak today of 40 sat per vbyte.

[bounceback]

I'm pretty sure that now Bitcoin is getting some momentum and I believe it will gain value in coming days. It already came back to $63k and reached $64k as well, and there's chance that it may get higher in coming days or at the same time we might see another unexpected dip.

After success hitting above $64k current price of bitcoin get correction and dropped until $62,600 seems need more longer time for bitcoin break to $70k again.
I think yesterday have good moment for bitcoin recovery but most highest price around $64k make bitcoin difficult break more higher price again before getting correction.
I don't have huge expectation with October during many bad news and make easily for bitcoin get down suddenly, now waiting with moment will ability for bitcoin hit above $70k and keep stable without large correction or not?

[doc]

There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can be a big shock for us. Sometime if we make a wrong decision we face loss.  At that time we should control ourselves. There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can cause us a big shock.  At that time we should control ourselves.

Investing in Bitcoin and Altcoin must be done at the right time, where we must be right when deciding the entry and exit which is the main factor of investors and traders to benefit.
About Bitcoin Price Movement Prediction in October, we will see BICOIN will show a good movement in the market based on Bitcoin habits in October in the previous cycle.

[pieppiep]

There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can be a big shock for us. Sometime if we make a wrong decision we face loss.  At that time we should control ourselves. There is a chance to get a lot of profit by investing in bitcoins but it needs to be done at the right time. If we don't choose the right time to invest then it can cause us a big shock.  At that time we should control ourselves.

Investing in Bitcoin and Altcoin must be done at the right time, where we must be right when deciding the entry and exit which is the main factor of investors and traders to benefit.
About Bitcoin Price Movement Prediction in October, we will see BICOIN will show a good movement in the market based on Bitcoin habits in October in the previous cycle.

To make correct entry and exit decisions when investing in Bitcoin or altcoins, the investor must use technical and fundamental analysis. Using for instance common technical analysis tools like moving averages, Relative Strength Index and support-resistance levels we can be able to identify the best points to enter the market. Moreover, much better impression can be made by regarding global news and the examples of the seasonal alterations that took place in October, for instance. It is also good to look at the concept of proper risk management for instance; setting of profit objectives so that investors are not only waiting for market forecasts but can protect themselves by having safety features to deal with the market’s high volatility.

[MUGNIA]

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

I don't know, price correction or continued decline, seeing this is very much outside the previous bitcoin calendar prediction. In October, btc should have shown a green graph but,,,,,,,,,,,,, we don't know where the btc graph is going for this season

[KingsDen]

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

I don't know, price correction or continued decline, seeing this is very much outside the previous bitcoin calendar prediction. In October, btc should have shown a green graph but,,,,,,,,,,,,, we don't know where the btc graph is going for this season

Apart from the matter being discussed, I have come to the conclusion that bitcoin no longer follow the historical technical analysis. Things have changed as well as statistics. What caused the major change could be the ETF. Immediately we go a new ATH even before having, I was convinced that there's a total new order in the cryptocurrency market. It is left for us to understand the new order rather than dwell in the past.

[Fivestar4everMVP]

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

I don't know, price correction or continued decline, seeing this is very much outside the previous bitcoin calendar prediction. In October, btc should have shown a green graph but,,,,,,,,,,,,, we don't know where the btc graph is going for this season

Apart from the matter being discussed, I have come to the conclusion that bitcoin no longer follow the historical technical analysis. Things have changed as well as statistics. What caused the major change could be the ETF. Immediately we go a new ATH even before having, I was convinced that there's a total new order in the cryptocurrency market. It is left for us to understand the new order rather than dwell in the past.

It's been a while but I remember vividly when I made this comment several times on multiple threads, that it is not possible that there will always be a bull run after every bitcoin halving forever, that at some point, things may likely change, and there will be no more general bull run in every 4 years circle.
I remember a lot of persons disagreed with me then, but today, it seems I was practically correct.

If you check, aside from the halving, there have always been something, a development that always acted as a catalyst that triggered and supported the bull run of previous circles, and the supposed bull run of this circle was supposed to be triggered and supported by the bitcoin spot ETF approval, and unfortunately, that came quite early before the halving, and bitcoin price did increase and even touched a new all time high, it was brief quite alright, but we all shouldnt be disappointed if that was the bull run we are here expecting and waiting for.

[summonerrk]

I never paid attention to the shape of candles and did not believe that they can be used to predict, but now it seemed interesting to me how all the latest candles look on the Bitcoin Monthly chart.



Look at the spokes:
That is, we started the month, went up and down and went to a new month not far from the previous values, and so on several times.

It looks like there is a swing, and the bulls are giving in.

[Jating]

I never paid attention to the shape of candles and did not believe that they can be used to predict, but now it seemed interesting to me how all the latest candles look on the Bitcoin Monthly chart.



Look at the spokes:
That is, we started the month, went up and down and went to a new month not far from the previous values, and so on several times.

It looks like there is a swing, and the bulls are giving in.

Regardless of the candles though, the bulls are still in the market, we have seen the price decline below $60k, and yet they were able to recover as the price goes up in the last 2 days, now at $62,600. So there is still that argument that this October, we could still be ending in a positive side despite what had happened in the last 2 week, there was a correction and then the bearish sentiments is up again. So we will see, last 2 weeks could be the time wherein October will really show it's true color that it is going to be the start of the last kick on the bullish market and that at least a new all time high could be established before the end of the year.

[Azharul]

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 am also agree with your comment. I also believe that bitcoin price will be increase in this month. Because if we follow in cryptocurrency market, we can see that bitcoin price is good now, i think gradually it’s price will increase. But if we look behind in few week, we could saw that bitcoin price is down in this time. We also saw that iran  attack in Israel in few days ago, so it will be a reason for little down in bitcoin. But we expect that gradually bitcoin price will increase.