One More Month... Hopefully!

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.

Source

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.