Topic: Can this month of September be better than the month of August? (Read 157 times)
No one can tell you how this month will be in bitcoin performance because it is not an easy thing to do, besides, it will be like financial advice that will require someone taking responsibilities for. However, we need to be realistic when analyzing the market especially this year that the price movement is very confusing. I am not expecting much from the market this month because the bears seem to be very active in the market. There are people already suggesting that bitcoin will go below 50k before we should expect any rally. My opinion is to remain neutral and open to any possibilities that the market offers.
September 07, 2024, 07:18:31 AM
Quote from: Orpichukwu
Nothing is very certain this month regarding bitcoin price, but from how the market is going, we shouldn't be too surprised if we see bitcoin climb down below $50,000; it's likely to happen, and it might remain there till the middle of the month. From there, we can probably see some change that can take it back to the $50k level, which might be okay considering how the market is moving. $60k+ should be expected from next month, which is October.
At yesterday the price of bitcoin has fall down to $53k, and it may likely to continue to falling in this month of September for people to believe that the bear season will likely to take place before the end of September, which I know it will be possible soon, I don't think the month of October, it will be better than this September month that just started, and it will be difficult for the price to move back to $60k in the month of October than to continue falling next month until it reach $40k before the market will begin to change positively for the price to pump.
September 07, 2024, 06:42:31 AM
From the chart that Adbitco posted, though I did came across it somewhere not sure but good he brought it here , it shows that September is always on red which means the return is always reduced, let's not forget that between late last year till date there has been around 70+% increas and with the current reduction the market is still bull...
Thus this period could be a time to accumulate more by buying those DIPs and at the same time there's spread of FUD(you know what to do )
It's always something that we can't do away FUD in the market because you can not control the market alone neither is the news only coming from one source. As we know cryptocurrency market is filled with FUD and it's only those who knows what they are doing could be able to hold without selling off their bitcoin or any coin out there. We can't also predicted the market what it would result because history may or may not repeat itself. Thus this period could be a time to accumulate more by buying those DIPs and at the same time there's spread of FUD(you know what to do )
September 07, 2024, 04:56:43 AM
From history data, the month of September is usually bullish for Bitcoin. If you check last year, you will confirm that the bull run that we experienced, which we are still in now, started from September last year. So, it is my expectations that we will see some positive moves towards the end of this month. What that means is that we should try and consolidate on out Bitcoin portfolio because when the bull run kicks off, it will be massive and will progress till next years that we are expecting the peak. The US election is one factor that can propel this move depending on how the election pans out.
September 07, 2024, 04:18:10 AM
From the chart that Adbitco posted, though I did came across it somewhere not sure but good he brought it here , it shows that September is always on red which means the return is always reduced, let's not forget that between late last year till date there has been around 70+% increas and with the current reduction the market is still bull...
Thus this period could be a time to accumulate more by buying those DIPs and at the same time there's spread of FUD(you know what to do )
Thus this period could be a time to accumulate more by buying those DIPs and at the same time there's spread of FUD(you know what to do )
September 06, 2024, 06:54:15 PM
, I don't think September will be better than the month of August because the price of bitcoin is still dumping for people to know and believe that the deep bear season is about to take place fully in the market, do you think this month of September will be better than the month of August, what are your analysis on this?
Na true talk say bitcoin price just the dump the do opposite of weytin plenty investor Dom carry for my MD say by the time we go don reach September like this say bitcoin go don supposed reach $80k onto the new ATH. But even ontop of how this price thing just the go down and up small, I no go fit agree for now say the bears season is here now with us. If you carefully check well we go see say it get activities wey the play out right now internationally wey make this bitcoin price no fit perform o good as we been expecting am from the beginning of this year. And make we no forget say the USA election na one of many other things wey just the follow influence this price too.
Right now, the only time to take confirm say we don enter near season for my own opinion be say n till wen December don com pass and price still dey fall na there confirmation go dey for mw
September 06, 2024, 05:22:03 PM
I don't think anyone would be disappointed if the price of Bitcoin did not get upto $80k because it was an uneven kind of speculation, following what the price movement has been for the past few months and also considering the relative variance between the then price and that of the speculated price.
We only get to speculate on what the price will be, having no control over the market means we are obliged to accept what the market gives at any moment even if it falls against what was expected. I don't think we are approaching the bear market, the market has completed it's cycle having completed the bearish market now we all hope to see the bullish part which involves a new ATH. What we see happening is just the volatile aspect of the market which is a kick start before the market makes a new wave.
We only get to speculate on what the price will be, having no control over the market means we are obliged to accept what the market gives at any moment even if it falls against what was expected. I don't think we are approaching the bear market, the market has completed it's cycle having completed the bearish market now we all hope to see the bullish part which involves a new ATH. What we see happening is just the volatile aspect of the market which is a kick start before the market makes a new wave.
It is not bad to predict even a high price For bitcoin but realistically the prediction of $80k will be way off it at the moment. The price has been struggling to get close to even the all time high of $73k for three months now so getting over it and going to $80k is seriously going to be a huge hurdle for the price. We might need a very strong fundamentals to actually achieve this feat.
My predictions are based on historical and technical analysis, first the September month will be very bearish until the end. On the chart we could expect a tap on the $48k which’s were the unmitigated FVG left last month is, then we could start seeing an increase of price and probably the last quarter will allow us reach there as it is historically bullish but for now it is going to be a bearish September again
September 06, 2024, 04:36:09 PM
Nothing is very certain this month regarding bitcoin price, but from how the market is going, we shouldn't be too surprised if we see bitcoin climb down below $50,000; it's likely to happen, and it might remain there till the middle of the month. From there, we can probably see some change that can take it back to the $50k level, which might be okay considering how the market is moving. $60k+ should be expected from next month, which is October.
September 06, 2024, 03:56:10 PM
Good evening brothers and sisters in this community, happy new month to everyone, I brought this topic for us to discuss how this month of September will going to look like, we have seen how the month of August ended up in $58k which many people are not happy about the movement in the month of August, because the price of bitcoin didn't hit $80k which is their main target in the month of August. Base on what is happening in the market, I don't think September will be better than the month of August because the price of bitcoin is still dumping for people to know and believe that the deep bear season is about to take place fully in the market, do you think this month of September will be better than the month of August, what are your analysis on this?
D advice wey I Dey give anybody wey wan invest in bitcoin na say make dem no Dey expect bitcoin to hit a particular price at any given time, if you wan invest in bitcoin, just use DCA strategy make you invest, and make you get am for mind say na for long term you go hold am. Most people wey Dey talk say bitcoin go hit $80k, I know say e go happen, but e fit be say no be when we Dey even expect na him d price go reach d price. So now wey market Dey dump small small, if we wan invest make we just take advantage Dey accumulate more coins at cheaper rate, rather than make we Dey suffer ourselves Dey analyze when bitcoin go hit $80k. September 06, 2024, 03:12:42 PM
Good evening brothers and sisters in this community, happy new month to everyone, I brought this topic for us to discuss how this month of September will going to look like, we have seen how the month of August ended up in $58k which many people are not happy about the movement in the month of August, because the price of bitcoin didn't hit $80k which is their main target in the month of August. Base on what is happening in the market, I don't think September will be better than the month of August because the price of bitcoin is still dumping for people to know and believe that the deep bear season is about to take place fully in the market, do you think this month of September will be better than the month of August, what are your analysis on this?
Well if you are ready to keep accumulating then this month will be the best month of accumulating bitcoin unlike other months because when you missed this month there is something big you have missed which I think you don't need to.. the moved down to the bitcoin speculation, well I will say that there is nothing going to happen much this month because it will dip more than the month of August as we always know from bitcoin history. I will like to refer you to carefully study the bitcoin historical data either from cmc or tradingview, maybe someone here can also point out were to get it.Wait I think I came across nice calendar on how bitcoin price moves from 2013 to 2024 thereabouts.
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September 06, 2024, 03:04:39 PM
do you think this month of September will be better than the month of August, what are your analysis on this?
We just started the month and there are many days ahead to wait in seeing what it has installed for us, for the fact that things started this way doesn't mean it will still ended the same way, we cant predict accurately for now, but giving it a more speculative observation on the market trends may give us little direction on what to expect in subsequent days ahead.
September 06, 2024, 02:40:39 PM
Looking at the August 2024 Bitcoin price review, it's obvious we started the month of August 1st 2024 with an average price of Bitcoin been value at $64,600 and ended the month of August 31st 2024 with an average price of Bitcoin been value at $59,100, which is an 8% decrease of the starting price as shown below in the image according to coinmarketcap. So just as we started this new month of September with an average price of Bitcoin been valued at $58,400, I'm expecting nothing less than a simultaneous average increase of roughly 8 to 15% increase.
However, due to the fact that there are different factors which contribute to the increase and decrease of the price of Bitcoin, if we could have more countries creating a conducive atmosphere for Bitcoin, it's likely to affect it's price
However, due to the fact that there are different factors which contribute to the increase and decrease of the price of Bitcoin, if we could have more countries creating a conducive atmosphere for Bitcoin, it's likely to affect it's price
September 06, 2024, 02:26:17 PM
do you think this month of September will be better than the month of August, what are your analysis on this?
I don't think anyone would be disappointed if the price of Bitcoin did not get upto $80k because it was an uneven kind of speculation, following what the price movement has been for the past few months and also considering the relative variance between the then price and that of the speculated price. We only get to speculate on what the price will be, having no control over the market means we are obliged to accept what the market gives at any moment even if it falls against what was expected. I don't think we are approaching the bear market, the market has completed it's cycle having completed the bearish market now we all hope to see the bullish part which involves a new ATH. What we see happening is just the volatile aspect of the market which is a kick start before the market makes a new wave.
September 06, 2024, 10:20:13 AM
we have seen how the month of August ended up in $58k which many people are not happy about the movement in the month of August, because the price of bitcoin didn't hit $80k which is their main target in the month of August.
Whoever was thinking thay bitcoin would reach 80k last month is over expecting too much from bitcoin because bitcoin is still not able to break $73k record it reached in March. Since that time we have seen how bitcoin price has dipped to this current price of $56k+ but that doesn't mean that bitcoin will not be able to recover and get a new ATH when the bull run will be at its peak. Don't allow the dips discourage you from investing in bitcoin and be happy for investing. Quote
the price of bitcoin is still dumping for people to know and believe that the deep bear season is about to take place fully in the market,
We are not in the bear market but the price of bitcoin is on consolidation period, giving investors that loves buying at the dip to buy more bitcoin. This year was a good year for bitcoin because at January to March, the price of bitcoin pumped to 73k.I am not expecting much from bitcoin this September and whatever price the market brings I would not be worried. I am expecting to see the market start pumping from November because the bull run will the at his peak by next year 2025.
September 06, 2024, 09:25:56 AM
Good evening brothers and sisters in this community, happy new month to everyone, I brought this topic for us to discuss how this month of September will going to look like, we have seen how the month of August ended up in $58k which many people are not happy about the movement in the month of August, because the price of bitcoin didn't hit $80k which is their main target in the month of August. Base on what is happening in the market, I don't think September will be better than the month of August because the price of bitcoin is still dumping for people to know and believe that the deep bear season is about to take place fully in the market, do you think this month of September will be better than the month of August, what are your analysis on this?
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