BTC Sentiment Poll for August

[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.

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.

Just like the predictions that I do, in August it could be bitcoin will give a surprise, but only at a small price is not so large the percentage rises, because when viewed market conditions today, it has not shown large bullrun for the movement of bitcoin going forward
Everyone believes in the same thing, that Bitcoin will improve and develop in the future, it's just that at this time there is no possible condition that is possible in the near future, so it remains optimistic that Bitcoin will get better in the following year

[StreakW]

If we refer to the price chart from a few weeks ago, it appears that the current price seems to be no longer in the sideways zone. Moreover, the bitcoin price is currently in the $23k area and it seems that the next price target of $25k will be reached. However, keep in mind that although the price of bitcoin seems to be starting to increase, bitcoin is still not in a completely bullish phase.

[ethereumhunter]

Honestly, I don't know where the price will move in this August but I feel the price will continue to move up and down and maybe the price will move like that quickly and we will not expect it. But it's possible that the price will continue to increase and hit $25k or even $30k in August or the following month and when more support comes to bitcoin, it will probably be a good signal for bitcoin to increase. Maybe I will still watch and try to buy low and sell high and I think we can use that strategy for this month. And as long as we are not greedy to withdraw profits, we will be able to get a decent profit.

[dragonvslinux]

Do you guys think the momentum will continue enough for August and for BTC to form higher lows?

I think the momentum will continue for August, but this isn't when price will form a notable or relevant higher low. I still see a re-test of $30K the near future, within a month or two, and what happens at that level is another story. Either price blasts through it towards $40K-50K, similar to the 2019 dead cat bounce, or price will be rejected and then ideally form a higher low around $25K towards the end of the year. This would then satisfy the 4-year cycle traditionalists theorists who think the low will arrive at the end of the year, even if the low isn't any lower than $17.5K. It'd be "bear market low" time-wise before price recovers regardless.

I also find it difficult to believe that Bitcoin would trade between $20K and $30K for the second half of the year, as the trading range is too narrow, hence more inclined to think a dead cat bounce to higher levels, followed by a return to $25K by the end of the year, or early next year. But given this poll is simply about August, then I simply voted for further upside now the 200 WMA is being reclaimed.

[Tomohisa]

If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the bleak outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.

[wxa7115]

If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the break outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.

Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.

And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.

[AmoreJaz]

If you ask this question pre-August, late July, I'd say yes. But now? Oh boy, the China-Taiwan event seems hot every day and I dont know what could await us over the horizon anymore. Can't catch a break after the Russia-Ukraine war and now this. Do you know how much maritime traffic carries goods around the globe pass thru the Taiwan Strait? And it was right next to China, the world's sweatshop too. An increase in tension around Taiwan Strait could send the whole market tumbling down on the break outlook of the potential of war or skirmish between two sides, China and Taiwan/US/Japan.

Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.

And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.

before that happens, i believe these involved countries are also cautious with their next steps. but wondering why pelosi visited taiwan? was that her job to visit taiwan? i don't know here real business on this visit. but clearly, she just made the situation worse for taiwan. really hope that no war will happen to taiwan. who knows, china is just finding a small mistake to push thru their total invasion to taiwan?

[DoublerHunter]

If we refer to the price chart from a few weeks ago, it appears that the current price seems to be no longer in the sideways zone. Moreover, the bitcoin price is currently in the $23k area and it seems that the next price target of $25k will be reached. However, keep in mind that although the price of bitcoin seems to be starting to increase, bitcoin is still not in a completely bullish phase.

^ On the last day of July BTC's price has shown too much increase which I think is expected that there is a correction right after the price increase.
There could be there is a zigzag movement of BTC price, but it is always ended up in a high price.
This month could be there is a price resistance but at the end of the month, it could be the price will rise up to $30k at the end of the day of this month of August. So I voted YES on the poll.

[bbc.reporter]

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.

I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe.

[Baofeng]

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.

I very much agree, however, I disagree on the lower low. There will not be a lower low, I reckon. I also speculate a pump to $25,000 is very much possible for this month. But September is another month and we might witness another dump under $25,000 hehehe.

$25k might be the magic number for this month or even $30k, we still have like 4 weeks to accomplished that. Otherwise, if could be that the sideway pattern will continue. As for the lower low, I'm thinking that it is possible but maybe next year. Or at least when we are about to get to the block halving, we might see a lot of FUD again that will cause to market to crash and hit another lower low, just depend on what price it will be, perhaps it could go around $13k-$15k.

[fzkto]

Now a lot of people think August will be a good month for bitcoin, which we have been seeing for a week now. Bitcoin now has support at 22k and I think there should be a bounce from that level. Anyway, the beginning of the month is already good and I hope that this month will be as green as the previous one. So, it is possible that we finally have a local uptrend phase.

[SaveOurSea]

this august the movement of bitcoin is really very interesting, even though the market sentiment is very bearish,
wars and interest rates rise are the reasons why all markets are not doing well, not only crypto, stocks are also affected by this,
but for bitcoin really really confusing, currently bitcoin is still above $23k, and has the potential to go to $30k in the near future

[savetheFORUM]

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?

30%+ even nearly 40% amount of people saying no worries me about the near future. I mean I thought that we were in a bull market and I believed that we were going to 100k either this month or if not then maybe next month, because I am bullish on bitcoin but I am always bullish on bitcoin. I didn't know that we would be having such a second though about the current situation, it didn't feel like that at all.

These people however has another idea, they think that we may not break above 28k and stay there and that scares me because what everyone thinks matters here. Crypto is something based entirely on what others are saying and if they are saying no, then its going to be hard to get there.

[pooya87]

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.

It's silly to be bullish now, just as silly as being bearish a couple of days ago when price was coming down from the previous attempt to break $25k.
I'm not bullish right now and rightly so. I'm not bearish either because there is a third option which is the sideways market where price neither goes up (breaking resistances) nor does it go down (breaking supports). It just goes up and down and up again until a direction is taken. My prediction is that the next direction is up and I will become bullish on that day.

[wxa7115]

Just the thought of China moving against Taiwan is enough to bring great uncertainty to the markets, if China actually moved against Taiwan, something I think is likely, then the world will be upside down and all the markets will crash hard after such event.

And even more importantly will the US and the EU sanction China? Because it is a completely different ball game to sanction China than to sanction Russia, China can retaliate with incredible force, so I am not so sure there is anything which can be done to stop China from pulling this move.

before that happens, i believe these involved countries are also cautious with their next steps. but wondering why pelosi visited taiwan? was that her job to visit taiwan? i don't know here real business on this visit. but clearly, she just made the situation worse for taiwan. really hope that no war will happen to taiwan. who knows, china is just finding a small mistake to push thru their total invasion to taiwan?

China warned the US to not interfere with Taiwan so this is obvious a signal from the US they are willing to do it and ignore the Chinese threats, but just as the US can ignore China they can do the same.

China has been watching with a lot of attention the conflict between Russia and Ukraine to give themselves an idea of what they may expect if they did the same, and it seems to me they have calculated that the ROI of going to war against Taiwan is positive for them, and it is the reason why they seem to be so willing to take action now.

[bitterguy28]

Bitcoin finally stays at 24k today , this is the first increase in this level for several months now and maybe in the next coming hours Bitcoin will cross that 26-26k and i voted for YES.
It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.

[XwWnu]

August is really very bullish in my opinion, it is very clear to see a drastic increase in the cryptocurrency market cap,
there is a possibility that the news about the CPI falling will make the market even more bullish,
yes, I myself am happy if the market is bullish, but I understand bearish season is still not over yet

[CapGelatik]

many say Bitcoin will return to $30k at the end of August, on telegram, on Twitter social media is the same,
I don't really understand technical analysis, but if I look at it, this month is different from the previous month

[eaLiTy]

~
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?

The market started rallying right after the Consumer Price Index results were announced and i was expecting the market to go the opposite direction as i did not expect the inflation to be slowing down, but that is the results and the market responded to that news and immediately started moving up, not sure whether it will sustain, will see how it goes.

[pooya87]

I would still call this a sideways market until we break the $25k resistance and stay above it for enough amount of time. But we can also clearly see that there is a tendency to rise which may even be interpreted as an uptrend for the past 2 months ever since June 18 when price reached the bottom.

We are setting higher lows and higher tops: