Topic: BTC Sentiment Poll for September - page 6. (Read 1465 times)

I was discussing price speculations with an experienced bitcoiner and he was emphasizing about September, not being a good month for cryptocurrency, that he's looking beyond it for positive price pump. He said that he's more optimistic about October, for us to see a positive recovery and enter into a realistic bull season. I don't mind Bitcoin price hovering around $60k because I'm not looking forward to any major dip again, that will be disappointing and a heartbreak for me, being quite new in hodling Bitcoin. The strategy that I've learnt in this speculation board is to buy, hodl and wait, I know that sooner or later we will see bull run at it's peak.

As of this moment, the price of Bitcoin is going down and it seems like the momentum last month will continue this month as well.



As of this moment, the price of Bitcoin is down -5% based on the picture that I shared. Just by looking at the history, Bitcoin's price during the month of September tend to go down with an average of -4%, and because of these reasons, I believe that this month will be a bearish month just because of the history. On the flip side, despite of me being bearish for this month, I believe that in the remaining 3 months of the year, Bitcoin will change it's trend and will turn bullish hence, we might see the start of the one that we're waiting for which is the bull run. I might be wrong though, but as for this month, I'm bearish, and will not be surprised if we will see Bitcoin testing the $50,000 price range again.

🖰🖰

Given BTC trend and the volatility of the Bitcoin market, it can be assumed that Bitcoin will be in a lot of volatility throughout the month of September. Bitcoin market is most likely to go down because we can guess from past charts that Bitcoin price will not rise in September but if it does then Bitcoin market may start to rise from October. But in September I guess Bitcoin will be between 48k and 55k.

Given the current market situation, not many people are optimistic and I am one of them, I just hope bitcoin will not drop too much and it would be better if it could go sideways.

But in terms of what will determine market trends in the coming period, I don't think the election is the main factor. I think the news about new interest rates is the key factor because it determines the future of our economy. If the Fed lowers its tone and decides to lower interest rates in September and December, it will mean that monetary policy will be loosened and will have a positive impact on the economy as well as the market.

As for the election, it doesn't matter who becomes president if inflation stays high, the Federal Reserve doesn't lower interest rates and money printing isn't allowed. That means there will be no money flowing into the market, we cannot expect the bull season to come.

Interesting. I think it will be either $50k up to $60-65k.
Not something interesting to witness at the moment, except for the opportunity to accumulate more of BTC

I was hoping for a bullish month but things have not started off so well. The price has been on a downtrend for a couple of weeks now. There is an occasional bounce but these are short lived and then it moves lower. I expect the price will trade mostly sideways but will decline steadily and finish September below $55,000.

I voted for $49k to $65k. With the way the price is going right now without hodling ground in any positive direction, we can likely see Bitcoin drop below $50k, which we can even see it down to $46k if there is not enough support. 
 
But there can still be some U-turn as usual. If we have some positive news on the market and the demand increases, then we can see the price struggle to regain the $60k level and remain there until the end of September.

I guess this month of September price will be like August price, because many people hope that the price of BTC will hit back $70k before the end of August but the price didn't come to reality than to dump to $58k before the end of August. If the price of BTC will pump higher in this month of September, it will not pump above $67k before the end of September but the price of BTC will surely hit above $100k before the end of december because the price is still displaying some positive signs that will make hodlers to continue hodling their BTC till the market hit $100k before they can sell to make profits.

Based on what hodlers has experienced from the market this year, I don't think the price of BTC will dump below $50k before it will move to $80k next month, and if you want to buy BTC, I guess this is the best time to buy and hodl for the price to hit $100k before you can sell to achieve your goal from the industry.

I went for the number one option in the poll. Bitcoin will remain in the this present range (no going below 50k and above 65k) till after US presidential election. The US election is the only factor directing the entire market now and it will also be the leading factor to bull run or a delaying factor.
So, in the month of September, we should simply expect similar things that happened in the previous months. New new expectations and no new dramas. Keep HODLing, the brighter future is very near

Not many people have taken part in the poll yet, but overall people are becoming more pessimistic than optimistic. What I see is everyone is thinking about the scenario of bitcoin price falling below $50k but no one wants that to happen so people are voting that bitcoin price will go sideways between $49k and $65k.  .

As for me, I don't have any predictions but I like to think contrary to the crowd, so while everyone is getting extremely pessimistic, I think bitcoin and the market will have more positive changes this month. Also, I'm pretty bullish on the Fed cutting rates on September 19, so I like the idea of ​​bitcoin hitting $65k this month more than thinking it will drop to $49k as many are predicting.

But I see the bitcoin market continuing to dive down maybe the lowest area in the range of $45K as its lowest point but I don't really expect this to happen at least $50K to be the most point in this month.

Of course you have to look at the history before about September but we know this month has always been red in recent years and people even say it's not a good month but I don't mind if it only passes this month at least in October I want to see bitcoin recovering in the $65K area.

I'd never see the reason for the declining price of bitcoin these days, but yes, I still live in confidence that it never drops below $40k. Instead, I was looking forward to it rising again as the ber months started. But as seen in previous years, September is not a good month for crypto, many price corrections are happening, which can possibly happen this year again. Although we don't hope for that to happen, as usual, we don't expect too much for a huge recovery as well. If the price stays at $60k, that would be wonderful, but if the price stays below $50k, I'm sure many investors feel disappointed, especially newcomers. 

Well, the sentiment remains uncertain, but of course, our faith is still there, and we all hope for a better market position. Holding seems to help a lot more than panic selling, and I hope everyone takes it seriously. 

Oof please no...  That would send my staked alts and my memes way below than the ranges I'm comfy at. 


Thanks...

As for the 52k support, yeah man.  Let's hope it holds and some whale picks it up from there an send this thing straight above 70k.  Getting tired of these chops.


Appreciate people who look at PA more than the macro stuff which doesn't make all much sense to me since usually if you're trading based on macro or 'the news', you're almost always too late.

I choose "Range bound between 49k - 65k" because after the correction happen in the market, I think that the correction can continue and makes Bitcoin price getting down for more. Although we don't know how deep the price will go down, we must prepare for the bad things that can happen so we can use that for our benefit. Maybe we will see a flash dump happen to Bitcoin so that will be a good time to buy more if we see that. Or we can place our buy order so we will not be late to buy Bitcoin at a low price. But we must not be too worry with the news that will comes because that can makes us can not thinks clear of what will happen later. We must remain calm so we can see the opportunity to buy more Bitcoin.

I've voted for "above 65k", although of course nobody can be sure about that, and I would only set the likelihood at slightly over 50%.

My reasoning is the following: We are since March in a slightly bearish price channel. There are some signs however that the August dip in the 50k area was a local bottom, mainly the heavy volume which was similar to the volume near the March ATH, but also the fast recovery into the high 50s and later periodical revisit of 60k+.

This indicates that in the low 50s there are a lot of "dip fishers" who could also become active again if we dip again into these regions. If the dip goes significantly below 50k, I believe those "believer buys" could intensify, although in this case I don't rule out a break of 45k due to likely long liquidations and stop losses in that area.

If however the 50k region holds, and this means for me everything with a local low above 47-48k approximately, then the fear of those who now sell in the high 50s and low 60s creating a ceiling on the price, could slowly evaporate. Once first FOMO signs set in I think the high 60s are a real possibility in this month, maybe even 70k+. We have seen in the recent past several price surges from the high 50s to 70k+, even in July when still the panic about MtGox was looming.

There's also this (imo not very rational, but existing) sentiment that October could be a good month, and I believe many would try to anticipate that buying in September. Just this combination can lead to the first FOMO signs I mentioned.

I don't think we'll see an ATH in September but a higher high (significantly above 65k) in about 2-3 weeks wouldn't surprise me at all.

Good to know you are doing well and healthy.

I don't know why there is negative sentiment but being above $50k so far is an accomplishment.

We have a strong support level around $52k and we need some real bad news to break it so I don't think we will stay below $52k for long.

On the other hand it is hard to see $73k levels in the next few days.

So we will be between $50k and $65k.

I will ride the narrative that we gonna have bearish sentiment this month, people are buying the superstitious idea of september being the red month of bitcoin, well if people have that kind of idea, I won't risk it longing BTC right at the early september.

if we ever touch $49k, then maybe it's a good opportunity to buy at that price point since the price will probably rebounce the next month anyway.

so as long as the RSI shown oversold and price is low enough it's gonna be great opportunity all around.

but I don't expect the market to go too far below $49k since previous moment when we see BTC touched $49k price point it rebounced so hard it reached $60k again in just few days.

I think we hit 47-49k for some period time this month

There haven’t been a lot of effort from the bulls to push price above the $61k price mark. Bitcoin have been experiencing a lot of resistance about that point as price easily drops right back to around $55-58k. You don’t get to expect much from Bitcoin with such move.
I don’t think we would be hitting any ATH in this month still. We would still remain in the ranging market with series of ups and downs except, something serious really does happen, a news that could greatly influence and impact the market to bring in eagle investors.

I don't expect to see it going down again, we've mostly been going the same pattern for the past 6 months, albeit going slowly so I expect it to steady itself back up, but still the same pattern of up and down between 70k and 55k. That's for the probably next 2 months anyway. I reckon by the end of the year we'd see more positive prices, maybe stable at around 60-65 ish.

Lowest I'd expect it to go is hovering around 50-55k.