Topic: BTC Sentiment Poll for September - page 5. (Read 1465 times)

Two people who are quite optimistic, interesting.
I also think that indeed the market in September is not friendly to bitcoin, it's like a curse for bitcoin in September which is sad.

The price at the $50k level is indeed a very crucial price to see bitcoin going forward, but I think we will try it again in the near future, and we will see whether it will fall deeper or not until it drops to the $44-$48k level, but I don't think that will happen if institutions accumulate bitcoin again, as previously Blackrock did, they collected bitcoin when everyone was in a state of panic in August.

PlanB says the market is dull in September - and this is true in fact we need to set sail and keep busy. Lol

Under $50K? Fear is bound to happen, selling pressure will increase they think with below $50K will think more deeply about bitcoin could be their pattern is $30K and so on, that's when people panic.

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

It's a truth that September has never been known for being a greenish month for bitcoin. But what I discovered is that, even the months that are known to be green are no longer as green as it used to be. Many things are changing in this industry. It seems there is a big realignment going on and it will definitely need new idea to study the market we are heading to. This is because, after the ETF approval and bitcoin hitting a new ATH even before halving, it shows that things are really changed and now people are guessing whether the anticipated bull run has come and gone or it's yet to come.

For this month, I am expecting the lowest of $48k and to continue to fluctuate within that range of 50k untill the US election is over. Then, a major decision upwards or downwards will be made.

I think the same, it is imperative that the price does not fall below $50k because it is a psychological price and that is something that we see as a range where everything is fine, and when people see that it falls below $50k they will start to get more scared and will start to sell, and although it is not bad that they sell to buy cheaper bitcoin, most people will do it because it creates massive fear and it is not good, the sentiment should be more positive, because seeing the behavior of bitcoin it is bullish all the time, maybe I am too optimistic, since I have always liked what Plan B establishes and I am a true believer in the model.

I tend to agree with you regarding bitcoin sentiment this month. If the government does not adjust interest rates and keeps them unchanged, then selling pressure will worsen bitcoin's performance. My big hope for the government is that they can adjust interest rates as quickly as possible and therefore all investors in both the stock market and crypto market can shine again.

There are rumors about an interest rate adjustment this month, but I cannot confirm that it will actually happen. Hopefully there will be adjustments because it can have a positive impact on everyone.

See more curses than praises on bitcoin price during bitcoin surpassing September, even when we today expect US interest rate cut catalyst will have good impact on bitcoin market, but still there is possibility of bad news which is recession, so I take first option for your poll sir.

And besides that, we do need to try support at that price level again whether it will hold or not in this month before we fly with the whistle in the next month which always gives happiness to the market.

Range between 49k - 65k - Vote

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I agree with other statements that the trail in September was not good for bitcoin after seeing a lot of history in this month of red tendencies and maybe this season will experience the same showing the direction of the downward trend.

Yeah we should be able to overcome this downward trend at least one month bitcoin will be below $50K maybe it will be more severe like the decline in August.

If it doesn't go below $50K then in October the bounce will get better soon because of history again before that it will recover soon and we might see an uptrend again.

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.

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...

lol we missed voting more , actually I am going to create a post asking you but don't know which section to post haha.

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 .

We are back to $54k, and I think this is the reversal that we are waiting and probably the bottom is $53k. But not sure what to expect, it could be another bearish month or the pattern is going to be sideways with minor dips and then investors buying when they see that pattern.

Yeah, and we are back to accumulation phase once again, wise investors knows that and so they could happy jumping on the gun again and firing at all cylinders because they like what they see. It's very cheap and there is no wrong strategy on buying at the dip and wait for the price to go on 6 digits next year.

The lower higher as mentioned in opening post should be telling, we are price challenged for the time being.  Its hard to believe September ends off at a higher price then it starts with but there was selling prior and I believe it remains a possibility.   The recent failure to hold 58k is unfortunate and during September we are likely to touch 49k as the next Fibonacci level down, its also the last low and the peak price first seen in January of this year.

However 2024 ends up it cannot ever be called a negative year, its gained alot, revised those prices and is now at least threatening to lose alot of those gains.   I believe in a positive resolution but it might not adhere to our annual time tables, I would guess we see a nasty sell to frighten a few people but many will buy into that and we do end up higher in the end.

  I always thought we'd have selling in this old ATH area, I just not think we'd walk in circles for half a year; alot of this is buy programs instructed to avoid the highest prices leaving only speculators baking in the mid day sun desperate to sell again, we need real conviction to break 70k.  We failed to find it, some will feel betrayed in buying this year but they were also chasing short term gains in doing so when BTC is multi year.  

 Sept will be about revision.  Todays low is the yearly average price, 200 week is 40k which we can always touch but I dont expect it as it should be an extreme from where we've been eg. the pandemic low was there.  A positive market should be closing above the 50 week average so me saying 54k to 49k in this month is already a big negative event but also I think thats a real trend that has to be defeated.   So this month and those following are important, pivotal perhaps.

This month will be different than the previous month, in as much as we all know that September has been portrayed as a very bearish month I think most of the investors will be expecting the month to live up to its expectations and therefore will only create FUD which will further push the price down. Currently we have already gone below $53k and the support at that $52k of broken will definitely cause more fear. I don’t predict a huge recovery like that this month, in fact we could even see a $48k this month probably range later between $55k and $60k. My bullish prediction is probably next month.

For now it is accumulation period and nothing more because the selling pressure from weak hands is just growing at the moment.

Of course - but don't you see a portion of users continuing to worry and fear?
FUD is everywhere and even the slightest bit of negative news will cause panic among traders. Just look at the past few days - the market is trying to recover, while trader panic is increasing selling pressure.

If you have a budget - of course you can take the opportunity to accumulate and strengthen your portfolio. Other users will be waiting for good news - while they are haunted by concerns about the downward price trend.

Even though I am still optimistic about the market recovery, it seems that the market has been too bearish recently. It's probably safe to assume that the price of bitcoin will trade between $49k to $65k this September, after all September is not considered a positive month in bitcoin history. Of course, everything is never the same every year, but September can still be classified as a month that tends to be negative in terms of bitcoin market conditions.

Some key events could certainly support a market recovery at this September, but I think many people are too scared right now. However, I always find myself optimistic for bitcoin's future and tend to ignore short-term volatility. Monthly TF looks bearish, but we can expect a good recovery in the next month.

If we look well and more closely to how we started the month of August, you will discover that it all started with bear market before things begin to change and the market rises to about $62,000 and now it seems that the same is repeating itself in this month with the recent bear we had, the market sentiment is getting bearish and if you speculate further, you will observed that there is no further indication showing that there is going to be more bear than we expect for the bull.

I also refuse to get bearish right now, because there isn't a good reason to justify why Bitcoin would dump further. There aren't strong negative news going on to impact Bitcoin downside. The global scenario looks pretty stable, as nothing different from previous months have happened. There is a lot of market manipulation going on in the beginning of the month, repeating the situation faced in August.

The ideal scenario would be Bitcoin near to the 60,000$ border, but it's still going to take a while... I think investors' expectations have to cool down for Bitcoin to pump again, otherwise the whales aren't going to let Bitcoin inaugurate a new bullish trend above the 60,000$'s. Whales are making sure to remove the weak hands from the game before the pinnacle takes place.

The range is between 49k - 65k. That’s my pick for this month’s poll.
Despite the tough start to the month to get to the best price we wanted, there are still a few weeks where the market could potentially get above $60,000. The chance of it going down to $50,000 or below is unlikely to happen in my opinion.
Selling below $50k is not a decision that needs to be made because they will regret it if they do.

Same scenario according to the current price action we are experiencing right now. We might experience lower low this time since the price keeps printing lower high on previous month which means weakness of the bulls.

I’m not bullish on months of September or October since major price rally usually happened on December. I will be happy already if Bitcoin can maintain the current behavior of trading in range since it’s very profitable for my grid trading bot set on the previous range price of Bitcoin.

The picture shows the history for September and we realize this will be a bearish month for at least one more month, stepping on October it becomes “Uptober” as this will be the next recovery month.
The decline is now a sign, so there is nothing wrong with the prediction that it could be true throughout this month bitcoin has decreased to below $50K I think this can happen seeing the market situation that continues to fall.
There are some important events that are associated with US interest rates and this affects the price of bitcoin, we knew there would be an impact but we will recover soon.