This October will be Uptober?
Recently, more precisely, after the closing days of trading in September, there was a lot of news sentiment saying that bitcoin / crypto would be very bullish in October because in a month that is usually red, namely September, bitcoin managed to record a monthly trading closing achievement with a green candle.
I agree, yes, that's right, but we all need to know that there is still potential for a deep dump to occur (my prediction will happen one more time before the bull run). I don't know exactly when, I'm pretty sure it will happen before the bitcoin halving date.
The Uptober we are currently experiencing has the potential to happen, what I mean is don't get your hopes up that the weekly swing low will be greater than the current price, meaning: there is still a possibility that the Bitcoin price will be at a low level, my prediction is still above $20K .
How do we respond to Uptober in 2023? According to my analysis, the uptober price will touch the target of around $30K (top $32), more or less. And the price at its weekly swing low, will remain above $20K. So, it would be best for your investment strategy to consider the risk of a decline that might occur once more before the halving or before the long bull run until 2025-2026.
A little insight into the strategy that I will apply is, I still plan to accumulate / buy all the coins that I consider to have good fundamentals for (at least) the next decade as long as Bitcoin has not halved or started a bull run, then slowly I will sell the assets in my portfolio in 2025 - 2026, I think the crypto market will bubble in that year.
Please follow my thoughts if you like, on this occasion I will discuss how high the target price increase for Uptober will be if it really happens. We start from bitcoin.
#BTC #crypto #trading #cryptonews #CryptoTalks
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Recently, more precisely, after the closing days of trading in September, there was a lot of news sentiment saying that bitcoin / crypto would be very bullish in October because in a month that is usually red, namely September, bitcoin managed to record a monthly trading closing achievement with a green candle.
I agree, yes, that's right, but we all need to know that there is still potential for a deep dump to occur (my prediction will happen one more time before the bull run). I don't know exactly when, I'm pretty sure it will happen before the bitcoin halving date.
The Uptober we are currently experiencing has the potential to happen, what I mean is don't get your hopes up that the weekly swing low will be greater than the current price, meaning: there is still a possibility that the Bitcoin price will be at a low level, my prediction is still above $20K .
How do we respond to Uptober in 2023? According to my analysis, the uptober price will touch the target of around $30K (top $32), more or less. And the price at its weekly swing low, will remain above $20K. So, it would be best for your investment strategy to consider the risk of a decline that might occur once more before the halving or before the long bull run until 2025-2026.
A little insight into the strategy that I will apply is, I still plan to accumulate / buy all the coins that I consider to have good fundamentals for (at least) the next decade as long as Bitcoin has not halved or started a bull run, then slowly I will sell the assets in my portfolio in 2025 - 2026, I think the crypto market will bubble in that year.
Please follow my thoughts if you like, on this occasion I will discuss how high the target price increase for Uptober will be if it really happens. We start from bitcoin.
#BTC #crypto #trading #cryptonews #CryptoTalks
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