BTC Sentiment Poll for September - page 4.

Webetcoins

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Quote from: TravelMug on September 12, 2024, 03:28:40 PM

Quote from: 348Judah on September 11, 2024, 03:49:02 PM

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

58k isn't that bad to be fair, I understand that it is not ideal but we are still doing fine, considering we were even lower just a few days ago, at 53k or so, that's another 10% increase and traders must be very happy with that. I think we are going to go up eventually, we just do not know when, moving all together is not an easy thing to do and most of us can't do it, so we try to do our very best but mostly fail.

The moment when hype starts and people start to feel the FOMO then we will go a lot more, and I think it is not that far away, it can happen and I feel that it could be something that's nice, we shouldn't really be doing anything that far away, it is possible to happen this month.

I mean the 70k one, it looks likely that we can have 70k this month, and if not maybe then October could be the month for it. I know that it looks a bit tough at times but it is something that can see, October is usually a good month and we are getting closer to bull run, it's that time of the year and we could see the increases. I hope that we can all hold until then and there aren't any drops in price, if we see people selling then it would be sad because they would be missing out on a chance to make a lot of profit.

TravelMug

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Quote from: 348Judah on September 11, 2024, 03:49:02 PM

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

bangjoe

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Quote from: LUCKMCFLY on September 11, 2024, 05:09:30 PM

Quote from: ajiz138 on September 08, 2024, 03:19:17 PM

Now it's better to relax for a while... October will recover and wait for that month, the green grass will grow again.

You are right, at the moment it is there leading, but nevertheless when a good movement occurs it is expected that in November there will be a turn, supposedly due to the presidential results, as for what many can do is that if it goes down, then buy, because it is the best way to get bitcoin to have and make a good future, in this case we must understand that opportunities will always be open to buy, it does not matter if it goes down a lot, some worry that the btc will go down in price, but that is a great opportunity to buy, sometimes we do not have clarity of things in the market because of fear.

As in the language of smart investors “Buy when people are afraid and sell when others are greedy” this strategy is very effective in the bitcoin market which is full of speculation and also easily shaken due to news sentiment, the fear of others is an opportunity for anyone to enter into bitcoin.

September will be a very uncertain market with the issue of recession and also the interest rate cut that the Fed will do, meanwhile the CPI data has come out, but it does not give a significant reaction to our bitcoin market at this time, maybe some investors are still waiting for interest rate cuts.

yudi09

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Quote from: BALIK on September 10, 2024, 07:28:33 AM

Quote from: GreatArkansas on September 09, 2024, 08:31:24 PM

I'm bearish for short-term on Bitcoin right now, the drop recently around $52,000 was a sign for me but I'm glad it recovered after, I believe we will visit it again within this month and the strong significant support will be the $50,000 and resistance that we need to break if we want to go maintain the bullish of Bitcoin is $60,000.
$60,000 is important level for Bitcoin from the past few months and having it as resistance for me right now is kinda bearish, I'm hoping we will able to regain that and sit above that until end of the year.

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

A common situation and not always experiencing a significant increase in market price. This reminds us of the spot etf incident. People's predictions about the price will increase drastically but in fact the price slowly decreases so most people say that the effect of the Bitcoin spot etf has no positive impact on the price. In addition, this action makes people pessimistic even though it is enjoyed that the Bitcoin price has exceeded the previous ATH price.

LUCKMCFLY

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Quote from: ajiz138 on September 08, 2024, 03:19:17 PM

Now it's better to relax for a while... October will recover and wait for that month, the green grass will grow again.

You are right, at the moment it is there leading, but nevertheless when a good movement occurs it is expected that in November there will be a turn, supposedly due to the presidential results, as for what many can do is that if it goes down, then buy, because it is the best way to get bitcoin to have and make a good future, in this case we must understand that opportunities will always be open to buy, it does not matter if it goes down a lot, some worry that the btc will go down in price, but that is a great opportunity to buy, sometimes we do not have clarity of things in the market because of fear.

348Judah

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The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

tygeade

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Quote from: BALIK on September 10, 2024, 07:28:33 AM

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

In my opinion, all of that is just our psychology, just because bitcoin is not moving as we expected and we feel more insecure when bitcoin keeps correcting to lower levels that we never thought of.
The more people believe that bitcoin price will drop below $50k, the more I believe that we have bottomed this correction and things will soon go back up.

I think that was mainly because we did see it break all time high during halving period, so people had high expectations for this period as well. The reality is that we are talking about something that is taking some time and because of that we should consider this to be very great on the long run as well. I am not saying that it should be something that takes time, it is not going to be that simple but we can make it work one way or another if we know what we are doing.

Sure it's down right now but the hype is still there as soon as it goes up a bit and we just need to do what we should be doing, if we can hold it a bit then we are going to make some good profit. It will be hard to handle but it can be done if we just ignore the volatility.

uneng

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Quote from: Kemarit on September 10, 2024, 07:13:10 AM

Nevertheless, we should be very careful and wary of the price movement, we don't know, it could be just another bull trap or a false break out. One thing though that I notice is that we will see the US presidential debate, so we will see who wins and it could affect the price, as we have a pro crypto supporter in Trump.

Personal political views apart, Trump winning the elections in USA can be significantly positive for Bitcoin on short run as a strong boost to raise BTC to a new ATH, considering we are also heading into the final months of a halving year, which historically are very optimistic for Bitcoin. Part of the pessimism around Bitcoin these days are also due to the uncertainity regards US presidential elections this year.

Anyway, fingers crossed that Bitcoin is going to surpass the 60,000$ barrier once again pretty soon!

el kaka22

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Not moving that much is something we can see happening, it's true that we are not waiting for a new ATH, we are not waiting for a new bottom neither, it will be somewhere between those two. We should be happy with that because volatility is troublesome if it happens all the time, sometimes it should be boring so that we can get in and accumulate more, it allows us to get in a lot more. If it kept on moving all the time then it would be hard to trade, we need calm periods so that we can get better at it.

I believe that this is going to eb fine, and nothing crazy will happen, we need to consider the situation to be something that benefits whatever we have, and because of that we are going to just get something that will be quite good in the end as well. I believe that to be the key figure here, just holding and accumulating. September could still have some movements, it's just that I do not know what's going to happen, and it could be a little bit more complicated.

BALIK

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Quote from: GreatArkansas on September 09, 2024, 08:31:24 PM

Quote from: uneng on September 09, 2024, 08:22:52 PM

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.
(....)

I'm bearish for short-term on Bitcoin right now, the drop recently around $52,000 was a sign for me but I'm glad it recovered after, I believe we will visit it again within this month and the strong significant support will be the $50,000 and resistance that we need to break if we want to go maintain the bullish of Bitcoin is $60,000.
$60,000 is important level for Bitcoin from the past few months and having it as resistance for me right now is kinda bearish, I'm hoping we will able to regain that and sit above that until end of the year.

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

In my opinion, all of that is just our psychology, just because bitcoin is not moving as we expected and we feel more insecure when bitcoin keeps correcting to lower levels that we never thought of.
The more people believe that bitcoin price will drop below $50k, the more I believe that we have bottomed this correction and things will soon go back up.

Kemarit

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Quote from: uneng on September 09, 2024, 08:22:52 PM

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.

$57,000++ and still going up, so it means that we have recovered what we lost from some days and it seems that the market is going to try and go back to $60,000. That is going to be a big plus for the market if we bounce back from that support. But still, we are in the second week and so -3% so far.

Quote from: uneng on September 09, 2024, 08:22:52 PM

The mass sale on every first days of each month may indicate that hypothesis. As soon as we reach closer to the half of the month, Bitcoin starts recovering its price again to the usual price we have been used to see around the 56,000$-57,000$'s. Now if Bitcoin can maintain the fluctuations upside, it shouldn't be hard to hit 60,000$ again soon. In every cases, be patient and don't be fooled by dumps in price meanwhile.

Nevertheless, we should be very careful and wary of the price movement, we don't know, it could be just another bull trap or a false break out. One thing though that I notice is that we will see the US presidential debate, so we will see who wins and it could affect the price, as we have a pro crypto supporter in Trump.

GreatArkansas

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Quote from: uneng on September 09, 2024, 08:22:52 PM

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.
(....)

I'm bearish for short-term on Bitcoin right now, the drop recently around $52,000 was a sign for me but I'm glad it recovered after, I believe we will visit it again within this month and the strong significant support will be the $50,000 and resistance that we need to break if we want to go maintain the bullish of Bitcoin is $60,000.
$60,000 is important level for Bitcoin from the past few months and having it as resistance for me right now is kinda bearish, I'm hoping we will able to regain that and sit above that until end of the year.

uneng

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After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.

The mass sale on every first days of each month may indicate that hypothesis. As soon as we reach closer to the half of the month, Bitcoin starts recovering its price again to the usual price we have been used to see around the 56,000$-57,000$'s. Now if Bitcoin can maintain the fluctuations upside, it shouldn't be hard to hit 60,000$ again soon. In every cases, be patient and don't be fooled by dumps in price meanwhile.

letteredhub

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Quote from: rodskee on September 07, 2024, 01:45:39 AM

Quote from: tokeweed on September 03, 2024, 08:28:18 AM

So in August we saw BTC open around 65k, had a sell down to around 49k then tried going back up to 65k but didn't make it... So of that's the range, what do you guys think will happen this month?

now its getting hard for me to assume since its getting lower each day since September started .

maybe we are seeing40k level this month before spiking in the last quarter .

I placed my vote on the first which is very realistic for this September despite it look like a month that isn't favourable with bitcoin but no matter how bad it could go down am strongly convince that $40k can't be seen this month with bitcoin price. This is because it's gonna take only a strong spectacular news effect within this last quarter of the year in the market for bitcoin to rebound back up should it go down $40k this September.

ShowOff

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I tend to believe that bitcoin price sentiment during this month will see the price hovering between $49k to $65k. Of course, if bitcoin price can break the $60k resistance then the scenario of getting bullish is more likely in the next month. Currently prices are rising positively and the increase has reached 4.3% based on my observations at CG. If this positive trend is maintained, then of course we will actually get bitcoin breaking through the $60k resistance as soon as possible.

In fact, not only me to think the first point is possible, but 20 of the 27 users who have voted already believe it. Hopefully it's not wrong because after all trends are very easy to change when FUD affects the market.

Zigabel

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Quote from: tokeweed on September 03, 2024, 08:28:18 AM

I missed a month of our sentiment thread as I got sick at the end of July and got worse a couple of days into August. But yeah, now it's back. A couple of days late tho.

So in August we saw BTC open around 65k, had a sell down to around 49k then tried going back up to 65k but didn't make it... So of that's the range, what do you guys think will happen this month?

Since the month of September, Bitcoin have been struggling to get pass the 58k to 61k support and resistance, these have been it's points of fluctuation recently but I believe looking at the market sentiment, it may break above the $62k soon and may test the $65 before we wrap up September thia is my sentiment. More ups and few downs.

khiholangkang

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Quote from: pooya87 on September 07, 2024, 02:33:29 AM

I'd say the situation is still the same as previous months.
There is a tremendous amount of potential to grow and reach a huge ATH.
At the same time the worsening recession in the West is putting a lot of sell pressure on bitcoin that is suppressing that rise.

This days as the price keeps going lower, we are seeing that effect even more... and yet they keep interest rates high making recession worse...

The potential for a recession continues to grow, and if the interest rate cut is expected to be late, the Fed is too long in holding high interest rates, the article lowering interest rates even the recession is a threat and will not be affected.
Apart from that, the unemployment rate there is increasing which makes people think that a recession may be imminent which causes the selling pressure to deepen for this September, I hope the Fed has a solution to refute that sentence and refract the threat of a recession.

Yaunfitda

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Quote from: bbc.reporter on September 08, 2024, 11:13:22 PM

Heheehe, it appears that presently there is a fear on the market which should cause us to become contrarians. Do no listen to these influencers or these larpers who want to be something similar to influencers hehe.

The contrarian in me has voted trend up above $65k. On the week before CZ's release from prison, this will be the beginning of a pump! Also, bitcoin has been inside a bull flag! This will will certainly pump if this bull flag is not broken.

At least the bleeding has top for now, Bitcoin is above $55k and I think it's good to see that we are in the support like and we all know that it can hold as long as it can. And then we could go and test at least $56k for this week, it's a price level that I think we can achieved in the next 24-48 hours at least.

We need to reclaim that level, to be able to bit a pronounce bull flag. And it might coincide with the news about CZ or whatever positive news that we can here to bring more investors again and maybe the sentiments in September will be totally different.

JeffBrad12

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Quote from: Poker Player on September 07, 2024, 03:26:34 AM

I voted for the first option, as I see the majority did. September has not traditionally been a good month for Bitcoin, and I am not saying that this is going to be a bad one but I would expect the price to start fluctuating more once we get into autumn, with possible rate cuts and the approaching US elections.

but honestly bitcoin has been ranging around $49 -$63k for too long already, I don't think bitcoin will stay like this for long.

I believe that bitcoin will make breakthrough somehow, or might dump to the level of $43k touching the liquidity area before going back up again to $70k.

the market of bitcoin is really choppy and no one can predict anything but for bitcoin to have smooth big last pump it will need to sideline paperhand and liquidate the people who put long order.

bbc.reporter

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Heheehe, it appears that presently there is a fear on the market which should cause us to become contrarians. Do no listen to these influencers or these larpers who want to be something similar to influencers hehe.

The contrarian in me has voted trend up above $65k. On the week before CZ's release from prison, this will be the beginning of a pump! Also, bitcoin has been inside a bull flag! This will will certainly pump if this bull flag is not broken.

Topic: BTC Sentiment Poll for September - page 4. (Read 1465 times)