Bitcoin hits $64K: What will October bring for BTC?

[Yaunfitda]

We are at 65k+  Bitcoin price at the moment and Bitcoin touched the 66k price also today before it corrected back to the present price, this is so exciting and I am sure the month of October is going to present a lot of positive market vibes for us, and all I can say is that let, let everyone one of us hold on to our Bitcoin position because The coming month is going to open up a lot of market possibilities and all that we can say is that we are going to be seeing more uptrend movement in October.

Yeah, I just check the current price and it did went above $66k, so it means we are very much on the bullish state of the market. And we are almost at the end of the year. I remember a thread about what will be the movement and most votes for sideways pattern, including myself. So we were totally wrong as it seems the price is gaining for this month, and so far a 11% increased from last month.

Bitcoin have gone pass the worste price stage right now, and there is no doubt that coming month is going to bring with it a lot of price volitilities that will ushar in a new price regim and possibly another all time high price benchmark.

If we passe that state of bearish sentiments, then perhaps we are looking at October-December to be very bullish. And with that, I will say that $70k or new all time high at around $80k'ish is possible then the end of this year. So good times ahead.

[jaberwock]

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

[Baofeng]

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

It went as high as $66k, and a little nudge below, so we are in the $65,500, and yeah it's a good thing because if we look at September, it's usually a dry month. But this is something different now, it seems that we are really seeing a new phase, pre-halving all time high and now this is happening for this month. So it might sound crazy, but who knows, just a couple of days before this month end and hopefully we can maintain this price.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

Still good to buy, we are still way below the projected all time high, and so we can still take advantage of it. For us average joe, if we have extra money there, yeah, get some while the price is at a discount. Because when we see the price hits $70k and then goes on a parabolic rise, we might regret our decision not buying at this price point. So still a win-win situation and we should look at the bigger picture, in 2025, we will see $100k++.

[JeffBrad12]

We are not even in October yet, and we are at 65k already and that's a good thing and we shouldn't really be considering anything further for it, it's clear that we are seeing what we are seeing right now and it would be something normal in the end. I get that it may not be all that crazy for us, and I get that it is something that will be simple for people to see a bull run coming, so we should be not selling at the moment.

I cannot speak for others about buying, I am going to buy more, whenever I have some money I will try to get some more, I am trying to fix my economy and I am very close to it, and if bitcoin keeps going higher, I will be able to finally get back to a good life, and I will buy because of this. But I can't tell all of you to buy, but I can say not to sell, hold it, even if it drops a bit, keep holding, it looks like we will go back to ATH levels soon.

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.



I think this month will be wild.

[Argoo]

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.



I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.

[BALIK]

This month around will be crazy, aside from the fed rate cut that helped BTC cancels out its bearish outlook, next monday FTX will also begin distributing $16 billion to its creditors and it's in USD as the currency for settlement, since most of the receiver are also crypto investor, I think majority will put back their money to either BTC, or alts.



I think this month will be wild.

Well, I agree with you. In September, the US Federal Reserve announced a 50 basis point interest rate cut to 4.75-5%. This signals an official monetary policy reversal towards easing.
But this is only one of many positive moments that will have an impact on the growth of the cryptocurrency market in the near future.

In April, there was a Bitcoin halving and usually its price growth is observed six months after such an event. In addition, the end of summer and September almost always paused this market due to the seasonal decline in business activity. And since the end of September, as a rule, a certain growth has already been observed. Analysts predict the price of Bitcoin at $ 70,000 by the end of October and a sharp increase by the end of the year and especially next year.

The rate cut is indeed a welcome sign but don't forget that interest rates are still very high and according to last night's meeting, the Fed also said that they will not rush to cut interest rates sharply and it will all depend on the economic recovery. Following that announcement, most forecasts were for the Fed to cut by 0.25% instead of the previously predicted 0.5%. That means we still have a long way to go before we see lower interest rates and real monetary policy easing.

People often refer to October as "Uptober" so most are very optimistic but to be fair, it's hard to say what will happen. The only thing we can do is hope history repeats itself again.

[Finestream]

Do you think trump has a chance? BTC is trading around 63k at the moment though.

The chances are evenly split between Trump and Harris. While Trump has publicly supported bitcoin throughout his campaign, that does not mean or guarantee that if he is elected, the price of bitcoin will definitely go to the moon. Or if Harris is elected we won't have a bull market. I think whoever becomes president as long as they put in place policies that promote a good economy then bitcoin will benefit in many different ways.

$200,000 or $400,000 are big goals this cycle and I think to do that we need a bigger catalyst than the news of a Trump victory. In my opinion, depending on the market situation, we will set more suitable goals instead of making fixed predictions for a volatile market like crypto.

Trump's victory in the future US election may still affect the price of bitcoin but maybe only a minor one. Same with Harris, there could be a little effect as well that will last only a day or more and it will be forgotten then. That's how bitcoin price react to this kind of situation, but if it concerns about bitcoin adoption in another country, that will surely leave a huge impact to the price of bitcoin.

[Sexylizzy2813]

It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.

Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?

The month of September was indeed a decent one, never thought we would see the amount we saw before the closing part of last month, at first I thought Bitcoin price won't get close to $65k due to the slow movement of the market, like we all know how Bitcoin movement is, it gave us a surprise of having a boost to $65k which means we can be expecting something different or should I say something positive this very month of October, that's if it continues to display the green signal, who knows we might be seeing it get past the ATH and even giving us a new ATH. We can't be too certain how productive this month would be talk less of the remaining part of this year, is best to hold on and observe the nature of the market.