Tomorrow, the summer is over, at least in the calendar.
With few exceptions pumping, it's been a long and tiring summer in the crypto space. We might be in the last phase where our resilience is tested, before the uptrend everyone has been waiting for comes back.
Traditionally, September, like summer, isn't good with crypto. The fact it is often called "Rektember" coming before "Uptober" shows what popularly people in crypto think and have historically seen about the two months.
So, I don't expect September to be good either. But I have high expectations for Q4.
There is this theory that the new bull run will start after the US elections, so in November, not in October, if a certain candidate wins.
I don't believe in it. People are getting anxious, and I believe October will be a pretty bullish month for bitcoin and eventually some of the big alts, likely with most of the market experiencing an uptrend, even if slower (not an alt season, that should come later, probably well into 2025). The evolution in November could be influenced by the US elections, but also by what happens in the market in October.
My interpretation is that we'll have one more month of false uncertainty, potential dips, during which big players continue to accumulate while many small players continue to gamble.
And then, in Q4 we will likely see another face of the market, the classical bulls will return.
As always, when we make predictions, we have to keep in mind the market has a mind of its own and it may invalidate all of them. I stopped clinging on to a prediction (my own or someone else's), or a price level a long time ago.
One more month... Shouldn't pass too slowly, unless you are already so tired of waiting. But be careful, many mistakes are made on the last mile, when patience runs out.
Posted Using InLeo Alpha
It looks like a lot of people are skeptical about September but I do agree with the outlook. I just don't think we will see anything substantial until after the US elections. Let's hope the next bull market works out as we wished.
I don't know. It's a long time to wait until November. I hope October comes with something good, and then November goes much higher if things turn out as the crypto industry wishes and as the candidates and their parties kind of have chosen.
Hehe I read about it, but it would be very interesting if Sept turns out to be an awesome month instead. :P
Hmm, I don't think so. Hype can't last very long because it makes people crazy but it can go to insane values in a short amount of time. While these valley may seem like they last forever.
My experience is that in the crypto world, everyone is saying that something will happen, but the reality is that the opposite will be going on. I hope you are right about October... Many are losing their hopes in HIVE.
That's often the case, it's true. But the shitty summer was pretty predictable and many called it, and it happened just like that. So you never truly know when is when. You need to be prepared for the obvious, but also for something slightly out of patterns.
I’m one of those who believe that October will be bullish and that’s the uptober season but let’s see how this will go
Yep, one more month of waiting, more or less...
I’m not tired of waiting
Waiting can be tiring but I’d surely wait for the pump
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