BTC Sentiment Poll for August

[yudi09]

The crypto market continues to decline. In my opinion, this decline can not be separated from the strengthening of the US Dollar index which suppresses crypto assets, because many market participants will release crypto assets to get the Dollar which is strengthening. Of course this is understandable.

If the price of Bitcoin can end up at $25k through the end of August as it did earlier this week, that is neither too high nor sufficient expectation. The problem is, the Bitcoin price chart is slowly dropping downwards. This is something that is not expected by many people, including me.

it is not continue to decline , because the fall had just started yesterday after a days of climbing so there is no continuity in this process.

The increasing trend of bitcoin only lasted for a short time and there was a decline again and this condition continued until now.

Indeed
August is almost ending and there might be not enough time for a recovery up to $25k base on the current price run. Btc has been hovering around $20k -$22k lately, it touches $25 at some point a week ago, but it didn't retain it's highest position.
I guess majority has considered $25k as the strong resistance  as people tend to sell when Btc is on it's way to hit that figure.
Thus, price would fall back down again. 

This decline will continue until the end of August although we don't expect Bitcoin to be able to step to the top in a short time. Bitcoin price decline indicator, I'm still on the assumption because sales are still very strong.
Some say Bitcoin will become a global guarantee. That means let those who sell Bitcoin assets more and more so that we can get Bitcoin at a low price. My calculations, if Bitcoin falls 30%, potential coins also fall by a higher percent than BTC.

We are on a consolidation period where price do only plays around on small scales or price differences from 1-5k movement in between i should say and we've been staying up like this
for a while which it wouldnt really be that a good time to make out decisions when you do short scaling but if you do go for long term then accumulation on the current price wont really
be that a bad idea but making out decision on point wont be easy since there's always that kind of hesitance whenever you do really make out decisions on buying
which we do mind about possible dip or decrease further which we dont really like to happen everytime we do make out some step.

The long term will always be our calculation for this king of coins in investment so the high sales made by market participants with weak analysis make us even more excited.
From January to August 25, I consider a difficult period in movement. There must be something positive that is stored in the mind so that it is not easily swayed.
Confidence in the long-term increase in the price of Bitcoin is still very high amid the large number of FUDs for Bitcoin.
We see Bitcoin current movement is still at an intermediate point.

[pooya87]

This decline will continue until the end of August although we don't expect Bitcoin to be able to step to the top in a short time. Bitcoin price decline indicator, I'm still on the assumption because sales are still very strong.

I don't get why some people always confuse sideways market with a "decline" or bear market. There is none of that. Price is still going up towards $25k and each time it fails to break that resistance it comes back down to $20k to repeat the same thing again.
A decline would be if price continued going down and set a new low every time it did. But it is obvious that price has not been going below $20k for the past 2+ months.

[aysg76]

I don't get why some people always confuse sideways market with a "decline" or bear market. There is none of that. Price is still going up towards $25k and each time it fails to break that resistance it comes back down to $20k to repeat the same thing again.
A decline would be if price continued going down and set a new low every time it did. But it is obvious that price has not been going below $20k for the past 2+ months.

They don't have idea about the actual market conditions and goes with the same statements that are circulating around around.They ignore the volatility factor and always beleive it will go up and if it's down like say 2-3% also they start claiming it's going down but in reality we have seen some upward trends from few weeks but we will need major investments both retail and institutional for big boost because the market cap and price is too big for any changes like 10-15% price pumps also need heavy investment unlike shitcoins which are manipulated through centralised wallets only having most of the supply.

We are still in growing phase and soon we will see pumps coming to the market and resistance of the market is holding at $20-$22k levels at the moment but people who panic sell contribute worse to the situation and this is we have seen in past months which restricted prices to go up but still we are not so much down which they need to understand.

[stompix]

They don't have idea about the actual market conditions and goes with the same statements that are circulating around around.They ignore the volatility factor and always beleive it will go up and if it's down like say 2-3% also they start claiming it's going down but in reality we have seen some upward trends from few weeks

Going to ask the same as Ratimov, where do you see this stuff, are you sure you don't have your smartphone auto-rotate feature completely messed up?
We're in a bear market, we're down from 69k to 20k, we've been going lower and lower for month and no news is managing to push anything up for more than a tiny percent and for a few days. It's about time for everyone to admit that and simply live on with the facts, accepting this doesn't take you a bitcoin hater or anything else but denying it sure makes you look like some cultist whose only mantra is FUD FUD FUD! The situation is really not like anything wished for and hoped for, all that bs with cheap coins is also so yesterday, if you would listen to all those screaming cheap coins since we've gone past 50k, 40k, 30, 20k there wouldn't be any coins left as holders would have already bought them all.

Of course, at the same time, this doesn't mean that bitcoin or crypto is dead or anything like this, what is for sure dead is the dreams of some to become billionaires in one month with $10 worth of satoshi.

but we will need major investments both retail and institutional

And with the whole world economy being as it is, do you see those major investments happening?

The question arises - where did you see the growth phase?

12 years ago you could buy a pizza with 10 000 BTC
See the growth? 

[yudi09]

This decline will continue until the end of August although we don't expect Bitcoin to be able to step to the top in a short time. Bitcoin price decline indicator, I'm still on the assumption because sales are still very strong.

I don't get why some people always confuse sideways market with a "decline" or bear market. There is none of that. Price is still going up towards $25k and each time it fails to break that resistance it comes back down to $20k to repeat the same thing again.
A decline would be if price continued going down and set a new low every time it did. But it is obvious that price has not been going below $20k for the past 2+ months.

I also don't understand what makes people mess with the market like you. Bitcoin has not returned to its highest point ever in November 2021. It's been a 70% drop since it was at its highest price. Many analyses say the decline is due to inflation's highest level ever and various other factors that we have not been able to ascertain.

In August, the market price of Bitcoin's high was almost close to $25k and since yesterday from $21k it has dropped to $20k.
Is Bitcoin enjoying the holidays? 

[waONE]

sentiment in august is still very bad, especially about the FED and of course MTGox,
this is very dangerous if MTGOX sells bitcoin at the end of august, the Bitcoin price could fall to $10000,
so hopefully they only sell it little by little.

[Jating]

And so we all got it wrong again, we started very bullish in the first 2 weeks and then last week we have seen the price going down from $25k-$21k. And now it is still going down, the whole crypto market cap is way below the magic numbers of $1 Trillion. So I guess with the Fed and the Mt. Gox news, we are still going to continue with the pain of this bear market at least for the month, and who knows what is going to happen as we enter the last 4 months of this year.

[rhomelmabini]

sentiment in august is still very bad, especially about the FED and of course MTGox,
this is very dangerous if MTGOX sells bitcoin at the end of august, the Bitcoin price could fall to $10000,
so hopefully they only sell it little by little.

Perhaps another leg down for further capitulation in the market is needed, it signals more FUD since the FED is into it. I wouldn't expect that $10k likely a ridiculous bet I would say although that's possible but I'd say no to that. $15k is likely the bottom of this if it will have a decline once again.

[Captain Corporate]

It is sad that we have seen the crypto world believed so much that BTC would go up, and yet we have received a big drop Well the mt.gox news was not something we expected at all and it looks like quite a big deal as well because we are talking about 2-3 billion dollars and thats not something that we could face too many times before. However, what the situation is that we have seen plenty of times we have seen that type of sell without news, I mean think about how much the transactions are each day in crypto and what the trading is like, so mt.gox shouldn't really be a big deal itself, but unfortunately we have been in a crash for a while now.

[blue_hurricanger]

And so we all got it wrong again, we started very bullish in the first 2 weeks and then last week we have seen the price going down from $25k-$21k. And now it is still going down, the whole crypto market cap is way below the magic numbers of $1 Trillion. So I guess with the Fed and the Mt. Gox news, we are still going to continue with the pain of this bear market at least for the month, and who knows what is going to happen as we enter the last 4 months of this year.

It's going to drop to $15k soon. No one wants to buy BTC at over $20k price if they know Mt Gox will release the money soon. People would dump the thing and move on. They've been waiting for the Mt Gox money for too long already.
And FED hints are already showing about the next hike rate. Honestly, BTC investors ain't stupid. They know the price isn't great in the upcoming days. Everyone loves BTC and wants to buy it but only when it sells at cheap. I'd love to buy more BTC at the 15k price range as well. Call me fuder or whatever but you've DCA'd in the BTC too early. Market's supply and demand decide the price.

[StreakW]

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.

Since the last few weeks, the bitcoin price had started to rise and was in the green zone where the bitcoin price had traded in the $24k-$23k price range. But now the price of bitcoin is back down and is trading in the $20k area. Therefore, I think the current price decline will continue and I don't believe bitcoin has the potential to hit a price above $25k later this month.

[Dave1]

And so we all got it wrong again, we started very bullish in the first 2 weeks and then last week we have seen the price going down from $25k-$21k. And now it is still going down, the whole crypto market cap is way below the magic numbers of $1 Trillion. So I guess with the Fed and the Mt. Gox news, we are still going to continue with the pain of this bear market at least for the month, and who knows what is going to happen as we enter the last 4 months of this year.

It's going to drop to $15k soon. No one wants to buy BTC at over $20k price if they know Mt Gox will release the money soon. People would dump the thing and move on. They've been waiting for the Mt Gox money for too long already.
And FED hints are already showing about the next hike rate. Honestly, BTC investors ain't stupid. They know the price isn't great in the upcoming days. Everyone loves BTC and wants to buy it but only when it sells at cheap. I'd love to buy more BTC at the 15k price range as well. Call me fuder or whatever but you've DCA'd in the BTC too early. Market's supply and demand decide the price.

$15k? we've gotten over the psychological barrier of $20k again, so no I'm not seeing it to drop $15k or at least new lows for this year.

It's the last day of August and hopefully it will be a green candle (looks like it), but just very unfortunate that we are very bullish even going as high as $25k but then in the last week or so the price continue to go down hitting $19k.

So let's forgot about this month and so looking forward for September to be bullish and hopefully @tokeweed will have a new thread for us to make our speculations.

[Reatim]

as now that we are changing pages because tomorrow we will be talking about the sentiment for September more or less ? bitcoin is still inconsistent in movement , there  are weeks this month that Bitcoin moves great but half of it are also dumping.

but what is important in this month is that Bitcoin did not fall to 10-13k like what others trying to spread in the last couple of months.
Now that we are waiting for Mt.Gox distribution ? then there might be a new wave to expect any time soon.

[peter0425]

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.

I may be late for the party as Bitcoin already reached 25k , but sadly did not take that 26k this August as we are also closing the month, what I do believe is that the last quarter would be beneficial to all of us.

What i love to see is the price of Bitcoin after September in which will take place in the next 31 days .

Since the last few weeks, the bitcoin price had started to rise and was in the green zone where the bitcoin price had traded in the $24k-$23k price range. But now the price of bitcoin is back down and is trading in the $20k area. Therefore, I think the current price decline will continue and I don't believe bitcoin has the potential to hit a price above $25k later this month.

Don't you worry mate because that does not Hurt us for keeping our funds on Hold than selling in this red market.

[tokeweed]

^  Yup, it's not looking good.  Lol.

There were 65% of voters who voted that BTC would trend up above 25k and stay there, 35% voted it won't.  I feel like September's sentiment would be more bearish for most and it would be the right side.  Dunno..  As I always say, we'll just have to see.  All it takes is a couple of green, long, mega candles to flip everybody bullish again.

[inthelongrun]

^  Yup, it's not looking good.  Lol.

There were 65% of voters who voted that BTC would trend up above 25k and stay there, 35% voted it won't.  I feel like September's sentiment would be more bearish for most and it would be the right side.  Dunno..  As I always say, we'll just have to see.  All it takes is a couple of green, long, mega candles to flip everybody bullish again.

I'm one of the 65%. My last chart thought BTC will reach 24k-25k at end of August but it didn't. Somehow I ignored that we were in a ghost month last August. Maybe because I am not doing active trades anymore since last month. Now BTC needs to hold the 18k-19k level otherwise there will be another dip in the next months to come.

Looking back at the previous ATH of 2017, there was a blood bath in the next 2 years. We will see if it happens again when there is much positive news about crypto from different governments.

[erep]

I'm one of the 65%. My last chart thought BTC will reach 24k-25k at end of August but it didn't. Somehow I ignored that we were in a ghost month last August. Maybe because I am not doing active trades anymore since last month. Now BTC needs to hold the 18k-19k level otherwise there will be another dip in the next months to come.

The chart for the past few weeks is almost touched the recovery for 25k but unfortunately the correction came faster to return at 20k, actually I am worried at the stable 20k because the market is very easy to fall in the 18k-19k call area for the next correction, so the final conclusion is at 17k if it doesn't hold, then the low price for a new record will be released soon.

Looking back at the previous ATH of 2017, there was a blood bath in the next 2 years. We will see if it happens again when there is much positive news about crypto from different governments.

We will not forget the history of ATH 2017, there has always been a lot of pressure from various angles to discourage crypto investment, but the next quarter will come with positive news to increase crypto investment, even government involvement in supporting crypto. This point is repeated every time after the bearish phase has passed and the market momentum will return for a recovery high, an important milestone for the new ATH targets.

[tbterryboy]

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.

Since the last few weeks, the bitcoin price had started to rise and was in the green zone where the bitcoin price had traded in the $24k-$23k price range. But now the price of bitcoin is back down and is trading in the $20k area. Therefore, I think the current price decline will continue and I don't believe bitcoin has the potential to hit a price above $25k later this month.

After the price recovered from 19k dollars, I never saw btc dropped again so I think the history is repeating itself and that is when btc sits on this price (20k) for a long period of time. After this, the price will grow for more but I think the price will break 25k that time because that is the start of the bull run but you are right, this won't happen this month but it can likely happen on between november and december because those last 2 months are the most crucial months for cryptos.

@tokeweed now what, you are going to do that the momentum didn't continue? I guess you will still buy more because events like this are getting rare lately.

[cryptomaniac_xxx]

^  Yup, it's not looking good.  Lol.

There were 65% of voters who voted that BTC would trend up above 25k and stay there, 35% voted it won't.  I feel like September's sentiment would be more bearish for most and it would be the right side.  Dunno..  As I always say, we'll just have to see.  All it takes is a couple of green, long, mega candles to flip everybody bullish again.

Or probably the same trend? 2 weeks of recovery and green candle and then boom, suddenly we are back again in the same place, $20k'ish and trading sideways till the end of the month again. I'm bullish this month, and we almost had it, $25k but didn't stay that long. So just like the rest it's better to stay calm but at the same time, not to be surprised if we see the price going on a downward spiral, we are still in a bearish market after all.

[dragonvslinux]

I'm one of the 65%. My last chart thought BTC will reach 24k-25k at end of August but it didn't. Somehow I ignored that we were in a ghost month last August. Maybe because I am not doing active trades anymore since last month. Now BTC needs to hold the 18k-19k level otherwise there will be another dip in the next months to come.

The chart for the past few weeks is almost touched the recovery for 25k but unfortunately the correction came faster to return at 20k, actually I am worried at the stable 20k because the market is very easy to fall in the 18k-19k call area for the next correction, so the final conclusion is at 17k if it doesn't hold, then the low price for a new record will be released soon.

Price did in fact twice wick above $25K, reaching a swing high of around $25.2K based on index price, but clearly this acted as resistance as opposed to moving above. $20K certainly looks like an important level for price to hold, based on the past 12 months of trading volume, arguably the most important with the highest volume between $20K and $22K. Below this, and lower levels are unlikely to hold imo.