All Eyes On Bitcoin’s Monthly Close

[Zanab247]

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

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[yohananaomi]

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

[Swordsoffreedom]

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

In this market nothing is certain, does not confirm anything, especially the bitcoin price. September every year is supposed to be the month that doesn't have too many good things for bitcoin and the beginning of the month so far we also see a drop in bitcoin.

40k is the price everyone wants to see now or the end of the year, but in my opinion that goal is very difficult. This September we will have many more events that are expected to adversely affect the bitcoin price. September 16 will be the Mt.Gox bitcoin release event and the September 21 Fed meeting is expected to raise interest rates by 0.75%. I'm not sure how much it will affect, but these 2 events will affect bitcoin, so don't expect a bull market too soon.

[dimonstration]

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

I don't think that there will be an increase in September even though now it has started to improve to reach $22K, but if we look at the past 2 months there has only been an increase to $24K+ and there is no ability to increase according to what you predict will be achieved. $40K.
it must be remembered that since the beginning of the year it continued to decline and had time to return to the same price as at the beginning of the year, two months later at the price of $47K+ and after that it continued to decline until now. so I'm not sure that bitcoin will increase soon in September, but it will increase not now maybe early next year to be able to reach your prediction.
about profits, it is clear that anyone who can hold on longer will be able to get very high profits in time.

In this market nothing is certain, does not confirm anything, especially the bitcoin price. September every year is supposed to be the month that doesn't have too many good things for bitcoin and the beginning of the month so far we also see a drop in bitcoin.

40k is the price everyone wants to see now or the end of the year, but in my opinion that goal is very difficult. This September we will have many more events that are expected to adversely affect the bitcoin price. September 16 will be the Mt.Gox bitcoin release event and the September 21 Fed meeting is expected to raise interest rates by 0.75%. I'm not sure how much it will affect, but these 2 events will affect bitcoin, so don't expect a bull market too soon.

Does that September 16 is the confirmed release date of the Mt. Gox funds distribution? I don’t see any official statement coming from Mt Gox officiall and all the article about this topic is just speculation. I remember that Mt Gox team member release an official tweet claiming that most of the Mt. Gox news are just hoax because there’s still no official plan since last August.

Inflation rate in US currently under control base on the last month result. I think this month result will be the game changer for Bitcoin for a possible reversal if the Fed meeting result to more positive news.

[GeorgeJohn]

And it seems we close the month at $20,100? That price though is still uncertain, chances are we might go down again and hit another lower low? I started this year with a bearish perspective just like the majority of us.

So we have the last quarter to proved otherwise, but I highly doubt that we will go up again. Most likely this will be the price for this year around that numbers and worst case is that we will go lower that $17,500.

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

[sheenshane]

...

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

Because Bitcoin doesn't have infinite growth, it always has a volatile movement that no one knows where's the right direction on it.
I believed that Bitcoin will be in this price range of $20k which is why we noticed it's been struggling to pump up this month, though there's a short resistance it's expected by most that the correction will follow later on.

The best way in accumulating Bitcoin as of now is through a DCA way and hold until the new ATH will come, weak hands will always be a loser and those strong hands will always have a reward at the end.

[Davian144]

Waiting for the market to move can be an exciting activity because if it turns out that the price drops drastically right away, that's a good time to buy some. Yesterday's slump in the market indicates that we are given a good time to buy bitcoins but it looks like not many will be able to use it to buy but just keep waiting. It's great if you just keep waiting and hold on to bitcoins while waiting for the price to rise again. We want to sell bitcoin at the next high, which could be a new ATH later.

I still have the patience to wait for Bitcoin to be at its new ATH again although it can be a little difficult to happen this year because Bitcoin price movements are currently only $22K+ from previously below $20K. And obviously this is a very exciting thing for all those who are still patient to see, because they certainly still have the opportunity to earn more profits if they ever buy Bitcoin at $18K or $20K.

I also continue to think that market conditions will continue to improve (especially in Bitcoin), because I think that the price spike in Bitcoin that occurred in the past few days is a very positive thing for market conditions this month.

[kotajikikox]

As of this video we have 8 hours left in the month. If we close near $20k the trend is projecting a significant drop in September. The good news is that this should be the last one. The last one is the most emotional though so I’m expecting long wicks and lots of liquidations for those that haven’t done their risk management properly. Buckle up since when September is in the books things will start getting fun for years to come.

https://youtu.be/w6bk4SQuiPU

now we are near middle of september and yet we have not seen that significant drop ? when this will happen then? we are now crossing almost the end of the 3rd quarter so we are looking now for the great movement this last quarter of the year?

[Silberman]

Yes, the market price is moving gradually for people to believe that the price of Bitcoin will hit higher in this month of September. The price of Bitcoin just moved to $21k in the market, showed that the price will definitely reach $40k before the end of September for those that bought with huge amount of money to get prepare to receive suitable profits from their investments soon. I guess, the price of Bitcoin will reach $40k or 45k in this month of September because there are some signs in the market right now that prove that people will experience massive profits from their long term investments before the end of this month.

It is very difficult to give predictions that are so specific especially when there is not really a lot of time left for that prediction to become true, you want the price of bitcoin to double in just 15 days, bitcoin is having problems remaining above 20k dollars and somehow you want bitcoin to double that amount in such a short time, something that simply doesn't look realistic to me or to the majority of the people, maybe this could be possible if we were in a bull market, but during a bear market this is simply impossible.

[TravelMug]

And it seems we close the month at $20,100? That price though is still uncertain, chances are we might go down again and hit another lower low? I started this year with a bearish perspective just like the majority of us.

So we have the last quarter to proved otherwise, but I highly doubt that we will go up again. Most likely this will be the price for this year around that numbers and worst case is that we will go lower that $17,500.

The price of Bitcoin is rotational, and we can't continue to have same taught of the price, from the thing's i noticed about bitcoin the price do not stand stagnant. Sometimes we experience bearish and sometimes too we experience bullish, but what you have to know is that the bearish do take alot space or duration more than the bullish, so Bitcoin stand to go below 17k as people anticipated and it also have the chance to increase above our prediction

Or it will just be on a sideway pattern, until there will be a break out run. Bullish and bearish is a cycle in this market, and what we see is some occasional dip and recovery and then we move forward.

And so far the price is below $20k but I doubt that a lower low is going to met in this trend. So we just minor hiccup because of the CPI that really affected a lot of the market around. And then we have 2 weeks more before the end of September so we will see the monthly close again.

[STT]

Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case.  To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider.   Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.

[justdimin]

Monthly chart we have been sideways since June, lots of movement but net result just sideways drift mostly which is how I would view 2022 in any case.  To be positive now needs BTC price action to recover the mid August lows, we are above the 2 day average there is some short term positivity but ultimately we are on a giants causeway its just I cannot trade monthly bars as thats for the larger trade and hold to consider.   Since this is the speculation part of the forum normally we do look at something closer to weekly bars and how we will resolve each week, for now we are in recovery and about 21k is quite important to regain and hold.

Yeah true, in fact since the luna deal happened we have been going between 18-22k, sometimes we go above but usually we are around those levels, I do not think that we are ready to move anywhere else just yet. I am not saying that it will be gone forever, all I am saying is that we shouldn't expect it for the time being, we could stay here for a longer term for sure.

I believe I will hold more and more bitcoin for a longer term, I just do not feel comfortable with checking the prices every day since it doesn't make sense for a long term investor like me, so I am not a good source of decision, but it doesn't look like it is going to move big anytime soon.

[adaseb]

I am no crypto bear, I am a long time crypto bull but you need to look at the macro. Yields are hitting highs, stocks are about to break yearly lows. Last months inflation was higher than expected. Last employment numbers werent what we wanted to see.

Looks like there is going to be a major correction on housing. Winter is coming and it'll be worse for Europe.

Right now is best to stay put.

[newdevices]

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

[Dave1]

I am no crypto bear, I am a long time crypto bull but you need to look at the macro. Yields are hitting highs, stocks are about to break yearly lows. Last months inflation was higher than expected. Last employment numbers werent what we wanted to see.

Looks like there is going to be a major correction on housing. Winter is coming and it'll be worse for Europe.

Right now is best to stay put.

Same here in our country, we have weakening exchange against the dollar, the highest for our country in the last 10 years or so. And this could be a sign that the worst is yet to come, but blue chips to crypto. So there could be another correction to come due to inflation and the fed rate hike.

Anyhow, we could wait for everything to settle down, or buy when the price hits low of $18k to mid. And then continue to wait till it goes further down to bottom around $15k.

[maydna]

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

[Wawa2013]

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

It will only make us stressed and make wrong decisions if we think too much about other people's predictions,  which are not necessarily
accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy
are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that
happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers
and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always
bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold
the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k,
this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

[STT]

BTC keeps hitting the weekly average, 3 times in about as many days.   The main markets are down alot, dollar index rose which is usually in line with bearish sentiment, but BTC just keeps going sideways which is relatively positive vs many other assets.   Not quite sure why but I'd like to see BTC break through and hold above the weekly average price, we could get something interest happening there.   Many speculate it just heads down, but not so presently it is buoyant.

[GreatArkansas]

(.....)
Not quite sure why but I'd like to see BTC break through and hold above the weekly average price, we could get something interest happening there.   Many speculate it just heads down, but not so presently it is buoyant.

I'm just hoping for Bitcoin to regain it's level above $20,000. $20,000 is a very significant level for Bitcoin, especially last 2017-2018 which was the peak of Bitcoin after we saw a long bear market.
So, this monthly candle close for Bitcoin and entire cryptocurrency market is very crucial.

[maydna]

Bitcoin price must be above $18k in the closing candle of this september, because the condition for continued bullishness must be above $18k,
if not, of course there is a big magnet below $17k, one of the prices that many traders have predicted is at the price of $10k,
Of course it's very scary if this happens, especially if it's under $10k, I don't know what altcoins will be.

In the future, bitcoin is sure to be above $18k. But for now, we have to settle for seeing bitcoins below $20k. But if the time comes for bitcoin to start rising again, we will see a big move from bitcoin, affecting the price to start rising high. And that's when we can start taking advantage.

You don't need to listen to the predictions of people who say the price will be at $10k because it hasn't happened, and we also don't know if it will happen or if it is just a prediction. You better prepare yourself by having more bitcoins.

It will only make us stressed and make wrong decisions if we think too much about other people's predictions,  which are not necessarily
accurate predictions of others. We just focus on the results of our own research and analysis, because in the crypto world the most trustworthy
are ourselves. It doesn't matter if our predictions are wrong and it turns out that Bitcoin has dropped to the price of $10k, we don't panic if that
happens.

Sometimes it's normal for Bitcoin to move differently from our expectations. We only need to hold the Bitcoin we have until the price recovers
and rises again, because if we study the history of Bitcoin movement, we will know the fact that every time the price of Bitcoin falls, it can always
bounce back to a much higher price. The most important thing is never to sell the Bitcoin that we have at a low price, as long as we have not sold
the Bitcoin that we have, even though the price is down, we haven't lost. But based on my analysis, it doesn't look like Bitcoin will drop below $18k,
this means that buying Bitcoin at the current price includes buying Bitcoin at a low price.

Yes, that's correct. But most people panic when the price starts to move in the other direction than they did before because they don't think it's temporary, and the price can go back to the previous price and start adjusting. And if, in predicting that, we make a mistake and it turns out that the price is moving in the opposite direction, we better look at our previous analysis and study it further so that we know where the error lies and will not make the same mistake later.

And if one day we read other people's predictions about where bitcoin will move, we can analyze how that person can make their predictions so that we can also know the basics. It will add insight and knowledge for us, which will be useful in analyzing market movements. If we often practice our analytical skills, it will benefit us because our trading skills will increase.