Bitcoin Forum

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?

https://i.postimg.cc/1tysxBgT/ECCC54-BD-47-D6-42-ED-98-D4-348-B98-ACB75-C.jpg

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 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.

https://talkimg.com/images/2024/09/03/9Bu9W.jpeghttps://talkimg.com/images/2024/09/03/9BAXJ.jpeg

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'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.

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.
https://zizihub.com/85c235.jpg

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.

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?

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.

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

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…

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.

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.

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

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.

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'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.

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.

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


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'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. 

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.

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.  ;D ;D.

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.

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

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 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 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.

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 ;D

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.

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.

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.

https://www.talkimg.com/images/2024/09/06/9xa7q.png

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.

🖰🖰

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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 .

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...

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.

Range between 49k - 65k - Vote

---

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.

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.

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.

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.

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.

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.

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.

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.

https://imgvb.com/images/2024/09/10/02182f61686d030f28d731ecff706f68.jpg

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

https://imgvb.com/images/2024/09/09/b8d023dc0756b8b7ccc703e1715fe579.png

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.

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.

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.

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.

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.

https://talkimg.com/images/2024/09/09/BRdqd.jpeg

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.

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.

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.

$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.


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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

Yes, it's not that bad, but still if you look at the previous all time high before the halving, still way below. Although last month we have at least reach $70,000 and we thought that we can continue that momentum and reach $75,000. But there's too much selling pressure and it didn't hold that and now we are in somewhat bearish market if you look at the last 2 months.


We will wait for that, and as we go and become experience investor, it's hard to feel that FOMO again, but then again, this market is open for everyone, 24x7 and every news could really hit the market positively and that's where the FOMO might start all over again.


Moving forward, it's going to be wait-and-see attitude for us. And unless we see some positive news next month or even what the result of the US Presidential election, then we might see a good recovery or even touching new all time high at the end of the month.

IMHO, it's going well. Give it time until next year, we still have the entire end of this year and as well as 2025 for everything to see the peak of it. Bitcoin can reach $70k within less than 24 hours based on what we've seen and its movement. But I'd agree to you that it should have been $70k already by this time but that's okay. The peak has been seen too early but that's not the end of it, there's still enough time for it to reach such peaks.

They're pessimistic because they're not seeing the good price movement. But since yesterday, we're back to $58k and it's rotating around there and $56k so that's a good sign. Those people who are pessimistic about that we'll not see good EOY, that's fine. I'd agree that we need to be patient and wait until Q4.

I think its clear that we have no strong trend to give a high end year price.  We can always explode upwards, BTC can do this but as far as a certain trajectory its not there.   So I'm not too negative and Im really not that positive until proof arrives and is tested to give reason otherwise.

Right this moment we rest upon and test the 2 day average, its not failing that so far but BTC always remain stuck below a ceiling of August low prices.  If we cant beat last month at its worse then we cannot honestly conclude positive or strong price action right now. Neutral at best, today target upside 59.4k downside 56k.

And that will always happen, the only thing is that we buyers know exactly what we should do, when the weak hands sell there is always a smart person buying, do not doubt that, and the best of all is that we will have access to buy at any time and thus make more btc, for me the main thing about this is to always do what is necessary to make or expand our wallet with bitcoin, it is known that it will increase, we do not know but it will, the /70k will pass quickly, the crux of the matter is whether this year it will reach $100k.

The top of my choice for the price range in September even though I was only at the end of the second week to see it.

$60K seems to be the price that will be traded at the beginning of the third week because the RSI looks quite promising even though there will be news that can make the market back drop to the price below the current price.
But according to my estimation from lately developing that entering this third week the price will strengthen at $60K.

As it is September the current cycle is not too bad considering bitcoin has now rallied back to $60K, this being the middle of the month could the recovery still be underway or is this just a market trap? I hope this is not the case.

I see today the market is coming back as far as the week long gain is already 12% meaning bitcoin is recovering fast and that's what we expect, because we know September being a red flag a lot of people see but the reality is this will be a little different.

The assumption that the market is bouncing is true, but whatever happens BTC needs positive news from the FED RATE CUT and it is expected to be some kind of catalyst that can boost the price to at least $80K by the end of the year and is expected to continue to pump up to $110K by April 2025 if possible.

as long as people still calling out that september is bearish, there will always be so many short position around the resistance.

everytime bitcoin is reaching its resistance, it always get shorted massively by retailers like there's no tomorrow, in just matter of day or less the price plummeted from peak back to demand zone again.

it's how strong the market mood could affect crypto and become the reason bitcoin just gonna sideways this month around because the L/S ratio always plummets around peak.

https://imgvb.com/images/2024/09/14/059af7bfb9ad5dd7b1bc1866a3f54dd5.png

We will see, we should be getting over the $62k resistance, and if we stay and hold that, maybe this is not just a market trap, but the start of the rally and maybe we can still get over to $65k as this is what most of us think this September will offer to us. So we have 2 more weeks to proved that this month is good already as we are now in the green dildo for the first time this month.

That's why there is red flag already, because on how fast the market has recovered from the last dip and retraction. There are eve proponents who says that we will be going below $50k this month. But suddenly the price chance it's course for this month. So we are still not safe, unless we hit $62k as I have said to continue to gain momentum for this month.

I have been watching sentiment in August up until last week and this is a sign of a decline in sentiment for the market. There’s been a lot of events that could be related and most people are no longer involved in the panic even though the market should be pushing towards a correction.

As for today there’s been a bit of a change in the market and bitcoin is back to $60K plus, this could indicate a recovery or a drop after going above $60K. I still think there’s a correction this month and bitcoin won’t go above $65K for a few reasons that could happen and I hope the $60K price doesn’t go back down any further.

We will look forward to various speculations again and I hope it will not exceed the previous lowest correction price. Although when that price occurs it can provide an opportunity to make purchases in much larger amounts for some people who have large capital.

If we could end up waiting a bit more I am sure that we are going to do fine. I know that we are going to do go up, we just need to wait a bit more and holding during these volatile times is not easy I agree with that but we should be considering this as something that could profit.

The reality is that we can't consider this as big deal, we can't sell right now just because it's volatile, it is not a big deal at all. We need to consider that in the future the price will go up because cycle works that way. So it can't really make much increase or change all that easily, so we just need to keep holding. I believe that soon we will start going up, it may take just one or two more months but as soon as that happens we should be considering it changing and start giving us profit.

Right now we are just waiting for the Fed's decision with the interest rate cut, that will be the trigger for the current bitcoin sentiment, with many institutions entering the current bitcoin era will certainly follow economic sentiment, I am also quite sure that the $70k is not a very difficult figure for us to touch back at the end of this year.

Be patient buddy we will see an amazing show back in this cycle, if the bitcoin market continues to experience optimism like yesterday I think it is not difficult to go up at the end of this September to the price of $ 65k for our foundation towards $ 70k, although the current situation is very difficult to stabilize the price at the $ 60k level, if we are targeting profits I think our advantage is to accumulate bitcoin can be much more, because if the price rises above $ 63k again it will be very difficult to think about buying. :D

This is a positive point for Bitcoin for Donald Trump to win the election, which is why the price of Bitcoin touched $56,000 to $60,000. However, the price of Bitcoin is likely to touch $70,000 this September, as investors are showing interest in more Bitcoins this September. Because there is a high probability that the price of Bitcoin will move towards a bull market from September, because the biggest bull market is in 2025, so I am standing in the near term.

Although there are not many big positive points, just part of the signal from the Trump regime announced, it can be positive in the short term. that is what I predict this September and bitcoin price will be around 65k$, there are not many signs of strong net inflow back into the market. And do not forget that this is the right fit of the bitcoin bull cycle i guess

It was never a doubt that Bitcoin was going to surpass $60,000 because Bitcoin always bounce back after correction and it just did after falling to $49,000 first week of August. It is a good sign that the market is trying to recover back to above $60,000 so early in September. Looking at the market and the way the price of Bitcoin is moving, it is safe to say we should not be falling below $50,000 again therefore a target of above $60,000 and close to $70,000 should be the next target for Bitcoin. Now that the price is above $60,000 we should not be too happy because the price can retest below $60,000 again though I am very optimistic about this month that Bitcoin is going to do very well. I have already bought some Bitcoin last month and I will be hodling untill the bull market gets to its highest price in 2025.

Hopefully, the price can still have the power to lift to the high price. But if the price lost the support, we will see another correction that will coming. And if the price is down again, that will still a mystery how low the price can be while we don't have to worry or panic because that will be a good time to buy back Bitcoin. I am still figure out if the price will be around k in this month or we will see another dump but looking at the market now maybe we will see the next correction. Hopefully, that is just my prediction and will be wrong. But we still need to be careful with anything that can happen later.

like what the majority votes did? i also voted for 49-65k value as we have been seeing this hard movement for bitcoin in the last 2 quarter .
what I was waiting is in October as we are counting the last quarter of the  year and this is the most exciting moment.

What news and data do you rely on to confirm that investors are more interested in bitcoin this September? Because I don't see any positive news in the first half of September like you said. The most important news for the market this month is the news about the Fed cutting interest rates, the market is interested in whether they will cut 0.25 or 0.5 for this interest rate cut and I believe this will have a more or less positive impact on the market. But if I say this news will help the market enter a bull run, I don't think so, for bitcoin to reach $70kthis month, we need more catalysts than just a rate cut.

Most people are pretty pessimistic about the market, you are the only one who is optimistic and that is commendable but we also need to be realistic.

Well, I think you're right, October is the month where we may see some good green candles. I'm not sure about other months but surely the month of October to December have been good months for the market and if history repeats itself then in those months we may see more bullish candles then we have seen in past few months. I even think that Bitcoin may form a new ATH in those 3 months.

The best thing about it is that the outlook can change from one moment to the next and that can be a fact when we are looking for ways to do things much Better , for example some who buy with the DCA method can give them long-term results , but what happens if this month the Price reaches or shoots up to almost its last ATH ? That can happen , of course one thinks that things can be very good when everyone thinks that bitcoin will go down , but something that the market has taught me is that the masses are always wrong and the market makes the opposite Movement.

I speculate that this might also depend on the presidential election in America. I reckon if the victory will go to the Donald Trump, we might witness a pump to another all time high, however, if the winner is Kamala Harris, it might be similar to what we are presently witnessing. There are rumors that grandma Warren and uncle Gary will be included in Kamala's cabinet. This will certainly not be good for the cryptospace.

There would be a good chance for a pump but that would be exactly that, a pump. It will not be able to get us to an all time high because for that we first need the economic crisis to end, specifically for the recession to end. Which is not going to happen as long as interest rates in half the world are high while inflation also remains high and energy prices don't seem to want to come down.

I agree with the majority who say that Bitcoin is still range bound between 49k - 65k, because until now there has been no positive news that can push Bitcoin past its resistance point, there is only negative sentiment and some news that cannot be considered as a factor that can push the price of Bitcoin. Maybe it will stay like that or even decrease further until early October, that's according to my prediction and it could be wrong, but I'm pretty sure about that.

Trump or Harris might be important in FIAT and conventional finance but I dont see they are pivotal to BTC.    Influence of some sort but not the real reason, the biggest reason for BTC price to genuine grow is the simple amount of users.   The speculators drive up and down the price but I only describe that as volatility, overall politics isnt what I think drives BTC.


BTC ended the week well enough but its failed to rise above the 50 day average, right now we are just about positive for the last 8 days but to keep calling BTC positive requires more positive action.   This whole month is a struggle and further on to, it'll be a while till we can be sure of calling BTC in a growth area.

We should consider this quite true, this is what I am waiting on as well, I think we should be considering this to eb changing and we should be considering that if we can see this election to end and then we could do something good. I believe that halving bull run will happen again, it will be a bit while after the halving as we know, usually takes about a year and that means after November which is why I think we should be considering this getting but at the end of the day when this election is over the increase will end up getting higher so I think we should be getting something better.

I believe that after the election everyone will feel better and investments will continue. Right now, we are seeing this changing the situation a lot more and that has to be something very important, most companies are waiting right now and that is why I think it's important and that is why I think we should be considering and that is why it's important since they will all join after elections.

Lol, I laughed at the range between 49k and 65k, isn't that like a little bit too much? :D It's clear that we are not seeing something huge there, but the reality is that it's a huge gap between those two prices, being between those two would be quite normal, if we could cut it to 5k chunks between 50k to 65k, then results would have been clearer to see what people think, now this way we put the person who says 50k and person who says 64k all on the same vote.

All funny side aside, I still think that we could reach 65k+ range, while I know it doesn't look likely with the fall we just saw, thankfully that fall happened early in the month, and because of that I think we still have a chance for a recovery to happen within September itself and we could see a higher price.

Bitcoin price in August I thought the market will go up from here but August is all in dumping but I thought the market will go up in September but otherwise September is going through dumping more than August.  If the month of September goes through dumping then the market is expected to pick up from the month of October.  The end of September is not long, but by then the price of Bitcoin may rise to a maximum of 65,000.

in the past bitcoin would fall into a strong bullish support state after the halving about 150 days, so late September or October is what i can expect, if bitcoin starts a bullish phase like the past cycles then i believe we are in for some positive days and momentum.

I reckon that you would certainly agree that bitcoin has very much reclaimed this after what we have witnessed after my post heheheh.

This is another good news for everyone who are predicting that bitcoin will not pump higher than $65,000 before the last day of September.


Rate cuts will likely benefit Bitcoin for a few different reasons. The first: Bitcoin is particularly sensitive to new money flooding the financial system.

“Bitcoin’s price has shown a strong positive correlation with global liquidity since its inception,” Brian Rudick, director of research at crypto trading firm GSR, told DL News.

There’s also the fact that Bitcoin’s hard cap on supply makes it a digital equivalent to gold in the eyes of many investors.

Read in full https://www.dlnews.com/articles/markets/how-bitcoin-ethereum-solana-will-react-to-the-fed-cut/

Well I guess the OP might have a idea on what ranges it could have been this September, and if you clearly look at it, we barely touches $49,000, but we have a hard time reclaiming back $60,000 and then maintain at that level to reach $65,000.

But as we have seen throughout Bitcoin's history, it might take 2-3x attempt to break a round number. But once we break that number, we can surely surpassed it like cutting with a sharp object. So let's see this week, I do hope that can break that mental barrier again of $60,000, and who knows, this could be the last attempt and then we will see $62,000-$65,000 at the end of the month. We still have a lot of time to do that.

We are more than halfway through September and bitcoin has been through some rough patches, and I think the rest of the month will be entirely dependent on the Fed's upcoming rate cut decision. If the Fed cuts by 0.25 basis points and continues to maintain a dovish stance, the target above $65k is quite achievable this month. But if Powell continues to maintain a hawkish stance after cutting rates, I think the market will react negatively in the short term.

With just a few hours to go until the Fed announces its decision to cut interest rates, let's wait and see how bitcoin reacts to the news. I predict Bitcoin price will drop as soon as the news is released and will start rising again a few days later.

When is the next report though as far as the Fed cuts goes?

I also do agree that this news could be very positive not just for crypto but for all financial markets in general. I do understand that others might not believed about this news not affecting the market, but for me, anything positive or negative coming from the US will have some impact on us. So let's see how the reports will be, so far the price is back to $60k'ish and hopefully we can stay at that price this month and if everything goes well, we might see $65k.

And it depends on the size of the Fed cuts as well, it could be 0.25-0.50. And everyone is anticipating that there will be a Fed cut for this month. And if that happens, I believed that $65,000 at the end of the month is very doable.

And yes, the decision will shape the path of financial markets, specially short to medium terms.

So let's wait and see what the decision will be, and if it favors us, then the next resistance will be $62,000 before hitting $65,000 at the end of this month.

This is something I also think will happen to the market by end of this month. We are more than halfway into September and the market have hit and traded above the $60 mark more than one times already. If the market continue to hit that resistance there, it may possibly break it out and when it does, by the end of the month, bitcoin could be trading above or within the range of $65K. September is usually shaky and not a good month for bitcoin, but that does not necessarily mean this time around it’ll still trade on that same path and won’t make it to a better price by the end of the month.

We've hit $62,500 already and it's because of the news that the FED announced the cutting of rates to 0.50. So everyone is very happy about it and it's been like years before we have heard about this huge cutting rates by the FED, and if I'm not mistaken, it before the pandemic. Anyhow, I have been anticipating this since last night, that finally we will see this news coming from them and I was right all along. So let's see, the voters in this poll see a sideway patterns up to $65k, so who knows, maybe at the end of the month we will also reach that one or even higher at $68k. And this positive news could bring the momentum that we all have been waiting right after the halving. So in the last 3 months might culminate into a new ATH at the end of the year.

I think there is a quarter where we reach a new ATH and the rest is like you said, we experience a stability as usual. It is only a bit hilarious since BTC is known to be a highly volatile crypto :D. If it's been too long that we have stayed on this range, then I think we must think of a change now. Like you, a lot of people are also waiting for the last quarter and the month of October is the start of it. Anyways, September still has a 'ber' on its name, hence this is why it is called as a ber month ;D. It is just that it only belongs in the 3rd quarter.

I still expect something better to happen on this month. You mentioned 'most exciting moment' there on your last sentence but I think that wasn't really October but it was December, not only in terms of crypto pumps but also in general.

At first sight, they don't have any relation but if we pause and think, we will realized that there are candidates who are now into BTC and I heard that they even mentioned it on their debates. So you are right there that this can also depend on it. I don't know if what is the stance of Harris in BTC or on cryptos but if she is against with it, then her winning the election will also have a negative effect on the said currencies. The price now is what I can say still in good condition but if Harris wins, I'm afraid that they will dumped a lot.

Donald Trump's victory in the US election may have a positive effect on the Bitcoin market. We saw on September 18 that former US President Donald Trump paid in Bitcoin after purchasing Dozens of burger at a bar in New York. The Republican candidate paid for the burgers (https://www.straitstimes.com/world/united-states/trump-buys-fans-burgers-and-pays-with-bitcoin-at-new-york-bar) using an app called Strike, which was originally built on the Lightning Network. Maybe this is also the reason why the price of Bitcoin has bullish in recent times.
https://www.talkimg.com/images/2024/09/19/gCr08.jpeg
According to today's market cap Bitcoin price has already reached above $62,000, but we are still not sure if it will touch $70,000 in September. We saw in the market a few days ago that after the price of Bitcoin touched 61 thousand dollars, it went down again to 57 thousand dollars, in fact, the Bitcoin market creates anxiety in us every moment.

Still a long way to go till the end of the month, but looks like market regains optimism.
At the current price of $62,550, we are 6% up from the beginning of the month. And although Septembers historically tend to be "red" months, we had a "green" September last year (+4%) so nothing stopping Sep this year to do the same.

Some fear that the recent 0.5% interest rate cut by Fed (instead of the expected 0.25%) is a bad sign and indicates that the economy is not doing very well since it needed that much of a boost. And since Bitcoin's price is still correlated to stocks, it could mean that we are up for a downtrend later this year.

For history now in September it seems like the opposite direction where green is more vibrant than red... This increase cannot be stopped even though I know there are still a few more weeks to see the movement, it's just that I am optimistic that the price can stay above $60K if you see the current market sentiment.

Could be in the next month bitcoin will be more bullish? We know next month has a lot to look forward to because as far as always recorded this is an up month for BTC although I don't know what happens later... Hoping bitcoin stays bullish.

So far the pace that bitcoin is taking is very positive and I like that, with luck I can see that it can hold up this month, but by November I think there will be a lot of uncertainty, I don't know, but since the US elections are here it can greatly affect the market, of course it is not decisive, but it becomes a good fundamental to determine whether the price will continue to rise or fall abruptly, it is not necessary to say who it will go down and for whom it can go up, I think the important thing is to take advantage of the market opportunities, if the price goes down, the ideal thing is to buy a lot of btc, as much as you can.

Well now price of Bitcoin is pumping and we are making big profits. It is up 9 percent in just the last 7 days. And there is rumors this is not just the start for us for a 'bull run'.

For me I am 'bullish' when I do see MicroStrategy buying more coins. They did just buy another 7,420 Bitcoins this week. I do think we are going to see price of $70,000 very soon. So do not sell your coins just keep HODL.

We can expect Bitcoin to regain its momentum due to interest rate cuts. Investors are eager to regain confidence. I applaud the reduction of 0.50 percent. In this regard, I must say that the Fed has taken a good decision. In the meantime, its positive impact has started to fall on the market. Currently Bitcoin price is hovering above $63,000 and we will easily see it go to $65,000. We are almost at the last week of this month. If it continues like this, maybe it will move towards $70,000. I don't expect that desired bullish movement in Bitcoin in September but that kind of journey could start from this position. There will be various campaigns in the market around the upcoming November election, some will play the market with Trump and some with Harris.

I am sure that when the election happens and goes away, we can finally start moving, I always trust that notion. I know that some people will connect that to elections itself, but who wins will be irrelevant, no matter who wins, people are waiting for the president to be decided before they start making decisions and when they do that I am pretty sure that we are going to see this happen and we are going to end up with some profits because the bull run will start.

This is something that I think it will take some time but it is going to be fine, I think it's clear that we are going to see this growth overtime and when it's done, it will be better. For September, it looks like we are going to probably be stable after this point, doesn't seem like anything is moving.

Must be a Lunar cycle deal or something, end August almost to the day we had these same prices.    Its stuck a bit here, Iam waiting for some conclusion but from past memory when a BTC price is in emphasis or underlined in some way it seems to take far longer to decide which path up or down we are to take.

If we dont break upwards now, it'll fail the sequence (https://talkimg.com/images/2024/09/25/go6Cd.png) of gains since the early September low.  Presumably this makes a sell off more likely, any time the positive narrative fails it should lead to some selling from speculators closing their positions.   I was guessing it does occur before end of September but I bet it just plays dead and rolls sideways before making a move just to irritate me.

It seems that everyone could have guess where the price could be, we says it's going to be sideways, but we are in the higher end of the pattern and we could even break it at $66k if the trend continues, or at least everyone now for this month is very bullish.

We have a full week to break and reach the highest high, and if we did, we should be looking for a bullish momentum next month that could translate to us reaching $70k again and at the end of the year, maybe new all time high.

The market is looking iffy again and looking like it's gonna go for another chop as it's failing in breaking out of the local top made exactly a month ago...  Hopefully the chop doesn't take BTC below 60k again.  As that would totally suck and a lot of people who got in because on this run would be in the red.  And it could mean one thing...  They sell while they're able to and keep their losses small but it would in effect push the price lower.

But yeah, that's just me.  What do you guys think?  We in for a chop below 60k?

Hard to see, but the sentiments are still true isn't it? Most speculators have voted on the sideways patterns and that's what we are still seeing. We also have to take into consideration the end-of-month bitcoin options expiry, this is going to be huge and personally, we might see a sell-off. And if that happens, then we could be on another retest of $60k. But if we maintain and and traders adjusted because of the bitcoin options expiry, then we might be go and see the price testing the $65k price range entering the month of October. So still very volatile and there could be negative or positive swing this Friday so everyone should be on the look out.

the selling pressure doesn't seem to be that strong, always pulled back around resistance but also never went too deep literally it just goes sideways around $62500 and $64800, but just in case, I already set up long position with limit order around $58k in case it drops again, but I think even if it drops that low doesn't mean bullrun is ended or cancelled, I think instead if it truly retouch that price mark again, bitcoin can shoot up to higher point around $68k and then $70k.

if market decided to just went up suddenly it's great, but if somehow it dumped then I guess it's another opportunity to long from another support.

I feel like if it does fail and if it starts to go up anytime soon, we are definitely going to see the price end up being a lot lower than 60k. But, I am not sure about the failure just yet, I am not sure about the drop yet, it is looking like it is trying to go higher and yes it's true that it is failing to do that for the time being but at the same time we are talking about something that is taking a bit of time and not looking all that bad at the moment at all.

We are going to see this changing with time, and we are going to see this getting a lot different results eventually. So we need to consider this as something that is taking a while and we shouldn't really be considering this as something that is taking that much time neither.

Mmm...  Now the market is getting strong again.  Lolol.  I hope it continues til next month as my alt holdings PYTH, W and ZRO are getting bought up real good.  ;D

And it would be funny if the 5 guys who voted for BTC going above 65k are right and it would actually happen and really stay up there.  :D  I mean how long has it been since BTC was comfy above 65k?  It never stayed up there for a long time.  And I mean comfy above 65k.

Roughly estimating what bitcoin will do is a hard thing, we have seen this from the previous polls where while some people were right, some were wrong and that is why it is going to be the same. This time it is a bit bigger gap, so many people of course picked that big gap since that would be the most likely result and I did the same as well but I have to say it is not really that clear at all, it could very well end up being above 65k, it is not that far away and we could definitely end up with a good return if we could keep this going as well.

But bitcoin price did alright and we can see it keep going higher. If this month goes on like how it started then seeing above 65k shouldn't be that hard and we can make some return without a trouble. Of course it is not an easy thing to do and we can see this growing bigger with time.

Nice mini rally but I think that's it for now. I don't expect it to go much further in the weekend, so we'll probably close the month around $64-65k.
The volume has picked to around $40 billions up but it's not yet near what it was during the $73k ATH when it was around $65 bn.

$68k to $70k is pretty close to reach by the end of the month, so don't lower your expectations. Even if the resistance is not broken by the end of the month, then I don't think it's a big bummer, just that maybe we need to wait for the start of the month for the price to jump higher. I'm optimistic about $68k for the end of the month and that's very realistic to expect. Entering next October, positive sentiment will most likely influence large investor interest which will enable a new ATH to be achieved. I hope it's like that, but we never know what the reality will be.

September is almost over and despite its hopeless beginning, we are having a good ending. That the current trend may be useful for a rewarding October which is pretty near of starting. With a positive tendency right now, the market fulfills the promise of reaching the final months of 2024 in a bullish mood.

That is why investors here have been telling everyone to continue holding their coins, while ignoring the crashes we faced in August and September. The important is to keep the focus on long term when investing in Bitcoin. This is the strategy which has been working since Bitcoin was created. People who desperate and sell their coins for fear and despair have always done a bad deal in crypto universe.

And even if Bitcoin doesn't do that well in the beginning of October, remember the same happened in the previous months. But as the months go by the scenario improves considerably, as we are seeing at the current moment.

Ok very nice day today, its a low bar but price in late September has exceeded any of August prices.    Thats a must and now it must solidify that gain both on the weekly bar and monthly close to give some certainty to the price action.

Since those two things are very close together and only days away, it is looking good but I never take anything for granted till it occurs.   Then I do hope the indicated bullishness does appear, I dont think its a simple story and straight up but Im far more optimistic to see BTC complete this move not just repeat what we had already done many times.    The alternate scenario was to drop out the bottom of the prices like early September had some threat to do.  This reversal and recovery now is almost too nice,  higher volatility in Autumn is what makes this possible I believe.

I think many are still optimistic that at the end of this year at least BTC will be able to rise above 73K but we also know that market patterns and volatility will continue to react if there is even a little bad news if it comes at any time it will affect it as another reason for whales to dump it again, thus causing a slowdown in the movement of the new ATH price of course.

But, if we follow and pay attention to the movement of the BTC price, in the past few days BTC has been around $ 65,775 and it is still in the bullish sentiment wave stage, yes our shared hope is that BTC will be green in October which will come in a few days of course.

if we look at the community sentiment on coinmarketcap. 60% of users who voted are very positive for Bullish. I'm not sure if there is only a little bad news that will make Bitcoin holders finally waver and panic about the situation.
Bitcoin has reached $ 66k and is now back to $ 65k, but it will not make holders panic with a small decline that is common. we have a decline limit that is considered to change the market trend. if the market does not reach a significant decline, the bullish trend will continue and it is not impossible to break through $ 70k before the end of the year.

It's a great time to have BTC because the price looks and is predicted to be good, the volume that is seen is enough to be able to give a boost to at least $68k which would not be bad at all, I imagine that right now they are testing the supply at these price levels to continue pushing it, I think that this could be the trigger for strong investors like whales to make a difference from one moment to the next , who I imagine are making these efforts at this moment, if it reaches more than $68 it means that the strength of the trend has grown excessively, I hope so.

Just a couple more days to go before the month ends...  And it looks like the 5 guys who voted for 65k and above will have it.  But just by a hair tho as it's not really convincing.  I mean sure it's bullish but more like cautiously bullish.

Stay safe out there guys.  I think they only guys in crypto living out there stress free are the ones that HODL.  You can't even win a argument against them.  If the price is up, they tell you they're right.  If the price is down, they tell you 'wooo buy the dip cheap coinz'.  :D :D :D

Lol, that's how users get themselves excited about bitcoin. They ask people to buy on the dip, that can discourage more selling, on the other hand they will sell when the price recovers. Maybe in the end it's just a mutually beneficial process, but I agree hold is the most reliable slogan for anyone who wants big returns in the future.

I expect the price to reach $68k by the end of the month, which is still reasonable to expect.

Seems like the resistance is too hard for bitcoin to breakthrough so there's not knowing what this month gonna be, but it seems like it just gonna range around $65k to $60k again as usual, the market really need something to drive it up here, been ranging for too long already.


nice one right there ;D. can imagine the hodler will keep buying the dip and decrease their average price because they're not constrained with time unlike some of us the future trader where time is of essence and price swing could potentially destroy our position.

i'd say, the people who got the benefit of big capital and also have the leisure to just wait it out if the market is crashing will make the most out of the market.