BTC Sentiment Poll for August

[tokeweed]

Hey guys...

With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now.  And rightly so.  I kinda am too.  But here's the thing..  Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

Question in the poll...  I think 25k is a solid psychological resistance.

[NeuroticFish]

With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now.  And rightly so.  I kinda am too.  But here's the thing..  Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

Although the charts are pretty for now, I am either pessimistic, or just slow. I don't expect anything good yet because I fear to not be overly disappointed if a new leg down happens. And by my calculations the crypto winter is not over yet.
I genuinely hope that I'm wrong and we get back to better/more comfortable price range... but I don't feel we're safe/there yet.

[DeathAngel]

I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.

[Charles-Tim]

I believe the bear market still continues, which may continue till the end of this year. To predict the monthly price can be very difficult because a month is still short to make a proper prediction this time around. But the market has reached its monthly oversold position and the relative strength index is around 32 out of 100, which indicate a market price to be in the upside direction. But this is just a little analyses and I can be wrong. Even if I am right, I am not expecting an significant bull run.

[cabron]

I think a lower low will form before the end of 2022. We will trend mainly sideways for the first half of 2023 but start to slowly rise as the halving in April 2024 nears.

If my analysis shows right we've already pass bottom. I think  before the end of the year we'll already be more than $25K. I look at this like the time when we were in the Feb-March 2019 where price was $4300. So climbing up to$25K and then back to $21k again. But we have different analysis of the market though.

If this is like a manipulated market just as many people are seeing this, the big players are making the price up where the we poor can't and shouldn't afford it.

[Fara Chan]

Bitcoin was in the correction stage in early 2022, the recovery that occurred only revolved around the price that was not so high, this is a sign that the correction has provided an opportunity for bitcoin to restore the connected price, but to understand further, Bitcoin is now not fully bullish for the month August.

So for the pause of total recovery, we cannot be sure to be sure when, but if we are people who have long been in the Crypto world, the break will definitely take place at the right moment.

[jackg]

I don't think $25k was very strong support when we were falling (especially compared with $27-$30k). I'd've expected more resistance already getting up to $24k than we've already seen and I think we'll see quite a lot after $27k but perhaps not much until then (unless we fall back to another support).

[el kaka22]

Interesting, I believed that we were at the start of a bull run and we would reach to 30k before the month ends, but from the situation of it there are people who do not think the way I think for it neither. I am not saying that it isn't impossible, of course we may fail to get there, people could definitely make a statement about why it wouldn't reach there but that doesn't change the fact that it could also be start of a big bull run and we could reach high prices too, there are reasons for that.

So, we shouldn't be shocked to learn that crypto is not something that is predictable, I mean it could be 20k in a week or 30k in a week and both are equally possible. Still, I expect something favorable to be happening in this August month due to any of billionaire or institutions.

[jaberwock]

With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now.  And rightly so.  I kinda am too.  But here's the thing..  Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

Question in the poll...  I think 25k is a solid psychological resistance.

I am pretty sure that the momentum will continue because we are now close to september and usually ber months is the start of cryptos to show a noticeable increase in their price. In the poll it says that "Do you think BTC will trend back up to the 25k - 26k range and stay above it?" But, I think we haven't been on that levels yet in these past few weeks/months but we are now close to it because the price nowadays is staying at 23k. Maybe it can take a week or two before we witness those numbers but for now, I advice for people to keep buying as much as they can because this could be their last purchases from this year as it can take a year or two again before we see the next bear run.

[ultrloa]

With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now.  And rightly so.  I kinda am too.  But here's the thing..  Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

Question in the poll...  I think 25k is a solid psychological resistance.

I am pretty sure that the momentum will continue because we are now close to september and usually ber months is the start of cryptos to show a noticeable increase in their price. In the poll it says that "Do you think BTC will trend back up to the 25k - 26k range and stay above it?" But, I think we haven't been on that levels yet in these past few weeks/months but we are now close to it because the price nowadays is staying at 23k. Maybe it can take a week or two before we witness those numbers but for now, I advice for people to keep buying as much as they can because this could be their last purchases from this year as it can take a year or two again before we see the next bear run.

Most likely and what currently happening is maybe preparation by manipulators on bullish season so that they can accumulate cheaper coins before ber months came.

Some crypto media sites spreading negative news so maybe I think this is sort of movements they made so that they can move the market downwards on next couple of days. For now will wait before more good things to come before entering since for sure we can spot best position unlike buying today.

[OgNasty]

I think there's still a strong chance that we see a retest of a the lows forming a double bottom before heading back up again.  I would point to the mtgox distribution of coins as the catalyst for that event and I think it will be behind us relatively quickly, as in a few months.  I think 2023 will be a great year to accumulate Bitcoin and we'll see the 4-year cycle play out once again.  It may not be as clear cut as 2013 and 2017, but it will certainly rhyme like it did in 2021. 

[Dave1]

I voted for yes though, I try to be optimistic that August will be a good month and somewhat the price would touch around $25k. It's just the question on sustaining it. Just like what we did on $24k, we somewhat reach that price, unfortunately, not enough momentum to carry it or at least support that price. Based on the comments though, it seems that majority are not feeling it this month, but we will see.

[rodskee]

Hey guys...

With BTC finishing up in the green for the month of July, I'm pretty sure a lot of you guys are somewhat bullish now.  And rightly so.  I kinda am too.  But here's the thing..  Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

Question in the poll...  I think 25k is a solid psychological resistance.

for me even 30k is possible this Month of August as this is the Mid of 3rd quarter and soon after the last quarter will come and we will expect more to come from bitcoin leading the crypto market.
But must be ready for sideways , we knew how tricky this season is and as we have just ended up the 2021 bullrun .

[Davian144]

Bitcoin was in the correction stage in early 2022, the recovery that occurred only revolved around the price that was not so high, this is a sign that the correction has provided an opportunity for bitcoin to restore the connected price, but to understand further, Bitcoin is now not fully bullish for the month August.

I even thought that in August Bitcoin will be much better in terms of price and maybe it will give a better surprise to everyone. But when I started looking at the market for Bitcoin, I started to have a little doubt that Bitcoin would increase again by much, except for only a few percent or a very small size.

So for the pause of total recovery, we cannot be sure to be sure when, but if we are people who have long been in the Crypto world, the break will definitely take place at the right moment.

Making sure exactly is not possible and also not possible, but on the one hand I am still very confident in Bitcoin to continue to improve even though it is happening slowly. What is clear is that there is still the potential to increase Bitcoin again this year.

[tokeweed]

I don't think $25k was very strong support when we were falling (especially compared with $27-$30k). I'd've expected more resistance already getting up to $24k than we've already seen and I think we'll see quite a lot after $27k but perhaps not much until then (unless we fall back to another support).

Yeah..  It's looking like it a couple of hours after making this thread.  Lmao.  And here I was thinking it's green candles from here on out.  It almost feels like somebody out there doesn't want BTC to trend up just yet.  Lol.  But dunno..  It can't stay down under 25k forever.  It's just a matter of time before we see some greens shooting straight up and make us a little something to lose to the books.  

And just 10 votes?  C'mon guys it's just for fun.  Get in here and vote or chime in.

[stompix]

I don't think $25k was very strong support when we were falling (especially compared with $27-$30k). I'd've expected more resistance already getting up to $24k than we've already seen and I think we'll see quite a lot after $27k but perhaps not much until then (unless we fall back to another support).

Everything went south when we crashed at the start of the year below 40k, nothing was really strong support, it was just a matter of people betting how long it will last. The decline wasn't seen rapidly in the price but that's around the point when the whole thing started turning bearish, everyone was first anticipating a correction, then a period of equilibrium, then Terra went bust, slowly 30s were hit and the panic spread completely.

Three is the need for something major to start growing again but growing on real things, not sporadic pumps like are happening now and are pretty short-lived.

Bitcoin was in the correction stage in early 2022, the recovery that occurred only revolved around the price that was not so high, this is a sign that the correction has provided an opportunity for bitcoin to restore the connected price, but to understand further, Bitcoin is now not fully bullish for the month August.

Correction?
If in early 2020 we had a correction, then what was May to July 2021? A correction to the same price?

There was no "correction" as there is no correct or no real price or price brackets to be held, it was just people dumping their coins, simple as that, and now hopefully the ones that sold their coins have the funds set aside to fuel it back up instead of fueling their lambos. Cause otherwise, things are not going to get pretty soon,

[Reid]

I agree, I am optimistic about the market this month. I don't want to give in with the economical crisis as I know we are just adjusting to the whatever happened last year about the sanction and last 3 years with the pandemic. We survived and in recovery and I think it goes the same with assets and currencies.
People will go back to investing maybe not as big as this month but a crawl up is still growth. They are buying but not in bulks, still being cautious and its understandable.

[arwin100]

I agree, I am optimistic about the market this month. I don't want to give in with the economical crisis as I know we are just adjusting to the whatever happened last year about the sanction and last 3 years with the pandemic. We survived and in recovery and I think it goes the same with assets and currencies.
People will go back to investing maybe not as big as this month but a crawl up is still growth. They are buying but not in bulks, still being cautious and its understandable.

Maybe investors will not pour huge amount at this month because we know the bear market condition is still questionable to the point that many people doesn't know if we continue to see a dump or recovery. So maybe the movement we can see at the moment is slow to stagnant since for sure those current economic crisis threats will always hunt the financial state of the investors. I guess we need to see the full movement of the market until the end of this month.

[btc_angela]

My vote are in, and I said Yes, 

I don't think $25k was very strong support when we were falling (especially compared with $27-$30k). I'd've expected more resistance already getting up to $24k than we've already seen and I think we'll see quite a lot after $27k but perhaps not much until then (unless we fall back to another support).

Yeah..  It's looking like it a couple of hours after making this thread.  Lmao.  And here I was thinking it's green candles from here on out.  It almost feels like somebody out there doesn't want BTC to trend up just yet.  Lol.  But dunno..  It can't stay down under 25k forever.  It's just a matter of time before we see some greens shooting straight up and make us a little something to lose to the books.  

And just 10 votes?  C'mon guys it's just for fun.  Get in here and vote or chime in.

It can stay below $25k if there are no news that will really bring the market up again. We need some FOMO to push the price this month. So I will hopeful that we will have this news this month and then see the market finally break that barrier for a long time. I'm still hoping that at least we will reach $30k at the end of the year? no?

[Jawhead999]

Based on the image, it show after 3 red candles then the next month would be green at least a month long, I think it's possible since Bitcoin price wouldn't always red even though on bear season. Currently there's no FUDs flooding around, so I wouldn't expect Bitcoin price will go lower, but probably the next month or another we might see Bitcoin price will go lower than $20K again.