October BTC Sentiment: Are We Bullish or Bearish?

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#1Feb 10, 2024, 01:26 AM
So, there's a lot of buzz about how October might be bullish since it has been in the past. Do you guys really believe that past trends mean future gains? Just curious…
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grimnodeSenior Member
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#2Feb 10, 2024, 06:07 AM
I voted bullish. Sure, we had a small dip at the start of the month, but that’s normal. After hitting around $65k, some folks took profits. October's usually solid, especially in a halving year. If we surpass $65k again, watch out for $70k by month-end.
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shard_2013Full Member
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#3Feb 10, 2024, 08:38 AM
Count me in for a bull run too, although right now the monthly chart doesn’t look great. But hey, it’s still early in October. I still believe we can push past $65,000 again.
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the_satNewbie
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#4Feb 10, 2024, 12:50 PM
We need to define what an uptrend really is. If we end the month green, that’s good, but some folks want to see much higher numbers like over $72,000. It’s way too early to tell, especially with no clear positive signals yet.
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0xSeedFull Member
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#5Feb 10, 2024, 03:04 PM
I noticed a lot of selling in September, with prices around $64k and $65k. Not a bad move for those looking to cash out. But looking at October, I see potential for a bull run. Bitcoin’s movements are hinting at profits for those holding.
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0xSatNewbie
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#6Feb 10, 2024, 07:39 PM
It’s a tough call, but I also went bullish. Historically, October's been the best month for Bitcoin. However, everyone’s expecting the same thing, and markets love to do the opposite. September was unexpected too, so who knows with October.
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planktonHero Member
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#7Feb 10, 2024, 09:48 PM
To predict Bitcoin’s October performance, let’s look at past data. Only twice in history has October ended in the negative. If history repeats itself, this month should be strong.
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bridge_2016Senior Member
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#8Feb 10, 2024, 09:59 PM
I also voted for bullish. October has usually brought good vibes for Bitcoin. If we get some positive news, investors will likely jump in. No bad news means more buying pressure.
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#9Feb 11, 2024, 03:06 AM
Sure looks like many here think history is on their side. But honestly, relying on past performance is risky. Just because it happened before doesn’t mean it will again. Bitcoin’s been struggling and September was an odd month.
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GigaGuruNewbie
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#10Feb 11, 2024, 07:55 AM
I'm feeling October will be bullish too. Last month ended well, even if prices are dipping a bit now. Some blame geopolitical issues, but I think we’ll see green soon.
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pixel404Newbie
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#11Feb 11, 2024, 02:52 PM
Oktobull is back! We might have skeptics calling it Oktobear, but looking at the data, October's traditionally a good month. Let’s see how it plays out.
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dan2011Newbie
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#12Feb 11, 2024, 05:57 PM
Maybe this initial dip is just a typical October start, and we'll rally again like in September. Could be a test for support levels and we just have to be patient.
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1m_w1zardHero Member
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#13Feb 11, 2024, 11:35 PM
Not a great start, but all this WW3 FUD is overblown. October should end strong. I really believe we’ll see prices above previous ATHs by the end of the month.
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#14Feb 12, 2024, 04:43 AM
I was hopeful for October, especially after September’s nice rise. But with escalating tensions in the Middle East, it might cause a ripple effect in the markets. Let’s hope it doesn’t drag Bitcoin down.
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#15Feb 14, 2024, 05:54 AM
For me, historical trends are the best way to analyze Bitcoin. Sure, people say history doesn’t repeat, but it has a strong pattern. I’m betting on it being super bullish this Q4.
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lord_alphaHero Member
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#16Feb 14, 2024, 07:16 AM
Yeah, early October corrections are normal. Panic and rumors don’t help, especially with the war news causing dips. But historically, post-halving trends are usually positive.
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b34r2013Senior Member
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#17Feb 14, 2024, 09:36 AM
WW3? That’s a stretch. Nothing about Israel is triggering a global war. These corrections happen all the time, and I believe we’ll hit new highs soon.
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fewunderstandLegendary
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#18Feb 14, 2024, 01:53 PM
The interest rate cuts have definitely affected Bitcoin negatively lately. September had a good run, then came the bad news. We might see more bearish trends this month.
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0xHodlerMember
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#19Feb 16, 2024, 10:14 AM
I have no idea what October will hold. But with more investors entering the scene, we should be looking at some big jumps before year-end.
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ryan51Member
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#20Feb 16, 2024, 04:06 PM
Yeah, it could be bearish now, but it’s still early days. We have nearly a month left, and prices could rise. The war rumors have spooked some, but we’ll adapt.
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