Topic: BTC Sentiment Poll for September - page 7. (Read 1465 times)

Nah mate we are far from such market downtrend in bitcoin right now, and for sure the lowest benchmark have been achieved for this period of time, i don't think bitcoin can go below 55k anytime now, before we possibly see a long walk around the 58k-65k for sometime before any final break out of price, many bitcoin investors and speculators have predicted the opposite of what is currently happening in the price of the most dominant coin in the market (bitcoin), while some have been on bullish mode since after bitcoin halving.

Others have been on bear mode and they are the set of speculators who are predicting a Bitcoin benchmark of below 50k and their aim is to have the opportunity to buy back what they have already missed or the profits they Cashout when the last bitcoin all time high price happened, but mostly those that have anticipated positive price movement for bitcoin are still very much higher than those that expect it price to drop from what it is right now.

We have to keep our fingers crossed to see what becomes the outcome with bitcoin as far as the market is concerned and what attempts we make to position ourselves in the best possible ways so that we can benefit from the market situations when their and it happens, and the way we can do that is to effect a proper DCA tool and approach.

Short term things don’t look great. A revisit to $49K wouldn’t surprise me at all. This is probably the worst we’re going to see though. I’m expecting that 60 days from now we will be higher and running towards price discovery. Feels like we’re due for one last shakeout before that happens. We shall see…

Yeah the year has been different from other previous halving years with some price spikes happening in months were we predicted a fall of the price, but one thing is the market has actually started obeying the past trends base on the historical record if we look at the price we will see the Q3 has actually been bearish and with the way September has been a bearish month in the past I am h going to be pessimistic about it and say we will be experiencing bearish period but the difference will be it won’t be volatile as the other Septembers because of how the volatility of bitcoin has been in decline this days. I see it testing the $52k mark and then going back to the region of $57k to $62k and keep ranging there for the month

I voted for : Range bound between 49k - 65k

Most likely we might be on another sideways pattern, or worst we might see $50,000 again as going to be the lowest low for this year or for this bull run for that matter. It could be that investors are tired or just waiting for what is going to happen in the US election.

Not saying that is it the means for us all, it's not, but we all know that geo politics specially coming from a big country such as US will have a big influence on the market. So maybe after the US election and if we know if we have a pro crypto President, maybe in November we might see the first big move post-halving. So for now, for me  the price moves between a support level at $49,000 and a resistance level $65,000.

Oh, That's why I'm looking for your "X month" sentiments poll, hopefully you are doing ok.

It's very hard to look at what September offers, but for now, we might retest the $50k-$55k level again. At the start of September, we are still looking very bearish that's why I say that we will retest to even as low as $50k'ish.

I'm also trying to look if there are correlations with other market as well, specially S&P. Do others look that way as well?

Maybe we will see various speculations regarding the development of Bitcoin prices for September 2024, where it could be said that historically for Bitcoin this month has not been very good or is often talked about by Bitcoin experts as being less profitable, in terms of speculation that I have seen.

For example: speculation graph.


In my understanding there are several factors that make Bitcoin prices this month unfriendly, for example: about Federal Reserve policy and other factors, the impact of the performance of technology shares which we know currently originates in the US and other factors, The point is, whatever can influence the price of Bitcoin this month, it doesn't mean we think negatively, the positive impact for the future is greater than expected and imagined.

 I'm a bit optimistic about the price and that we may see it going higher than it is currently at $57,885.67. September is usually shaky for it's price but we'd agree that what we've been seeing in previous years is way different in a positive way in terms of price movement this year so it's just best to wait and watch.
 I expect price to hit the $60 something range this month and remain there.

I don't have any high hopes for Bitcoin in September and if the current market pattern is preserved, it's possible that the market will be pressured further. Bitcoin has been plunging lower ever since it fell out of liquidity grace in March and sellers have been unrelenting and will continue to plummet it to a lower level having breached some important supports at various timeframes.



According to the above weekly (left) and daily (right) charts, the price action of of the market is negative and the current 1W and 1D candlesticks are bearish. Again, the inability of the market to break above the resistance at $62,270 will continue to pressure it and perhaps the low of August at $48480 will be retested this month.

I guess bitcoin is not going below $50000 this month. If that would happen, not this month. I also guess bitcoin may find it hard to increase above $65000. Last month will be more volatile than this month. But bitcoin price is still not that volatile if compared to other cryptocurrencies.

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?