BTC Sentiment Poll for August

[tokeweed]

July didn't end well but it wasn't as bad as how it feels.  It's just down a tad over 4% for the month.  I'd say that's not bad and could still be considered somewhat sideways even tho it was a red month.  Yeah...  And with momentum going down a bit, time for a new sentiment poll for this month.

As always here's the monthly chart and how July ended.  Not what I expected but it is what it is.  Stay safe out there guys.

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[Oshosondy]

Just like what we have predicted on this thread is happening: https://bitcointalk.org/index.php?topic=5460216.msg62567787#msg62567787

I still remain bearish. But anything can happen, this is just a prediction. If bitcoin price plummet, $25000/$26000 would be a strong support.

[Cuenta Alternativa]

I voted no because I believe that at the point we are at the price has to start going up. I don't expect any stratospheric rise, but I would say a sustained rise with some ups and downs typical of the pre-halving year. What we are experiencing these last few months is basically monotony, which at some point has to break to the upside.

[Gozie51]

I have that feeling saying the price gradual drop may continue since it has finally broken the $30k and nothing yet holding it back. We may see price around $25k by this August. This is prediction and not a professional advise just incase someone is looking at it for invest, just be guided towards your investment anything can happen with bitcoin volatility.

[Yamane_Keto]

28k is not a long-term support or resistance point, so we cannot use it as a reference to predict the price. We can say that whether the price will be less than $30,000 or will it be less than $26,000, will it pass the $32,000 point, as all of them represent support and resistance points in the medium and long term.
In this month, there are many factors that will pressure the price, including:

• It's summer when everyone's outside and there's not much trading going on.
• The results of the third quarter will begin to take shape, so there is no active movement.
• The interest rate hike (which may occur at the next meeting) will be calculated this month, which will put pressure on the price.

So I think we will be at some point less than $32,000.

[mvdheuvel1983]

I predict that for August the price of Bitcoin would be at most $37k USD and at least $27k. I don't know why but I am in between bearish and bullish... I think that it is because of the SEC and crypto firms court cases that is still ongoing they have a potential to significantly affect the market.

[Dr.Bitcoin_Strange]

I think Bitcoin's price didn't really do that bad last month; although I thought it could do better and get at least up to $34k, it never did, and I still don't think that in this month, it's going to show some bullish movement; the market might keep the range of $27k–$32k. I am not really so bullish about the market this month, but never say never; volatility never ceases to surprise us.

[Falconer]

I wouldn't discount the potential for a deeper correction, but I don't think there's anything wrong about otherwise. I expect a sideway between $29k - $31k, but if a correction occurs then I don't expect bitcoin price to drop any lower than $26k.

I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

[TimeTeller]

I wouldn't discount the potential for a deeper correction, but I don't think there's anything wrong about otherwise. I expect a sideway between $29k - $31k, but if a correction occurs then I don't expect bitcoin price to drop any lower than $26k.

I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

Those who are waiting for this drop, definitely, will buy more as they are the believers of this market potential.
A lot of people are saying that they will buy btc when it drops to 30k, so let's see if they will do such buying spree.
And whatever sentiments we have, we are all just speculators. So whatever you feel will be the next movement in the market, better prepare for yourself.
It is your money at stake if you decide to invest on this market, so it is up to you how you will safeguard such investments.

[STT]

It we arent to hold the current area or above, recover quickly the good momentum we had previous then it would seem likely we do visit the mid 20's at least.    Seems like we have to confirm all the lower prices of the last few months, just when it seemed we had them in the past.
  Price is below the weekly average for some time now, we lost the 50 day and so on.  The only thing thats big and matters is that the moving averages are still with inertia upwards which in theory means there are positives out there then turn this price around however its either sideways or down lately.

Overall I think we confirm the pricing then we move, its drifiting its slow so any idea of conclusion and resolving negatives is distant for now.

[Aanuoluwatofunmi]

July didn't end well but it wasn't as bad as how it feels.  It's just down a tad over 4% for the month.  I'd say that's not bad and could still be considered somewhat sideways even tho it was a red month.  Yeah...  And with momentum going down a bit, time for a new sentiment poll for this month.

As always here's the monthly chart and how July ended.  Not what I expected but it is what it is.  Stay safe out there guys.

I think we should expect more of bull than bear in this month of August even though it may appear to be very volatile but there's going to be more of the bull market than being anticipated for the bear to come, maybe this could also tip up the edge a little bit more over $31,000 if the resistance is overcome with this present market conditions, a little ore clearer we can see from the data to read from the weekly candles if well speculated, there may be more features to come out with.

[Wexnident]

I'm on the no side, but even if it actually did fall down, I believe the market support would gradually be stronger, maybe even stop at $25k completely before starting to go back up slowly again. It wasn't that odd in the first place for it to start going down, it took a little over 3 days for it to go up from $25k to $30k after all, which is rather fast imo, compared to the expected steady but gradual increase in movement expectations I had before. Well in general it isn't a big change, nothing we hadn't experienced in the past month or so really.

[taufik123]

-snip-
I chose "no", that's because I think new investors will take advantage of this momentum to invest. Some long time investors will also accumulate, but I don't expect bullishness to happen in August.

The month of August - September last year became a monthly decline in bitcoin, if this cycle continues to work then the beginning of August will be the beginning of the decline until September.

We can see now that Bitcoin is still holding in the $29k price area and it is difficult to break $30k.
If this continues and the support is not strong enough, we will see one more drop.

We need to be prepared for anything that happens, and prepare a reserve of money to buy back in.

Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.


Source: https://bitcoinmonthlyreturn.com/

[robelneo]

We can see now that Bitcoin is still holding in the $29k price area and it is difficult to break $30k.
If this continues and the support is not strong enough, we will see one more drop.

We need to be prepared for anything that happens, and prepare a reserve of money to buy back in.

This July I'm surprised that it didn't break the $30k I predicted strong support going in the $30k level and staying there, but if there's another drop I welcome it and go for it this could be the last drop for this year then it will take off, provided there's no more bad news that could harm the market, there's a lot of surprises this year heading to the halving year, but I'm very positive that another all-time high is coming and we should prepare for it.
Of course, this is not a piece of financial advice but my views and I could be wrong, I always tell this to all my friends who I urge to invest.

[YUriy1991]

I think Bitcoin's price didn't really do that bad last month; although I thought it could do better and get at least up to $34k, it never did, and I still don't think that in this month, it's going to show some bullish movement; the market might keep the range of $27k–$32k. I am not really so bullish about the market this month, but never say never; volatility never ceases to surprise us.

Yeah, It seems that market sentiment has not gone up much this month as you stated above. The reason is, if we look at the Bitcoin Fear and Greed Index, it has returned to “greed” status with a score of 51 today Wednesday (2/8). The score briefly dropped to as low as 41 in mid-June, when the SEC launched several lawsuits against high-profile crypto companies. At least, the Fear and Greed Index also helps gauge crypto market movements and market sentiment, which is useful for crypto investors who may just be sitting idly by and wondering- ask what to do. will happen next.

[michellee]

It's still early in the month so it's difficult to predict where the Bitcoin price will go. But whatever happens, we have to be prepared and if it is a downturn, we can use the moment to buy more Bitcoins. I don't think about where the Bitcoin price is going because I'm still thinking about how to collect more Bitcoin in times like now.

Bitcoin wants to go back up or even down, it's not a problem for me. The important thing is I can still buy more Bitcoin. And now, the price has returned to the $29k level and hopefully, this month, the price can reach the $30k level or even increase to $35k-$37k immediately. That is the hope of many and people are eager to see the price increase again.

Congratulations to those who managed to enter at $28k yesterday because now they can take advantage of it. Or they can wait until the price goes higher to take their profits.

[Poker Player]

Take a look at this Bitcoin Monthly Return 2023 Table, all the downs and ups each month have been recorded and it's just a matter of seeing what the market conditions are.


Source: https://bitcoinmonthlyreturn.com/

Interesting table. As I see it, the cycle-wise years that would correspond to this 2023 are negative return in August. So it happened in 2019, 2015 and 2011. Although history need not repeat itself, this makes me more pessimistic than I would have been at first, before seeing the table. And September has not historically been very good in this respect either. Hopefully the statistic will be broken this year.

[Oshosondy]

This July I'm surprised that it didn't break the $30k I predicted strong support going in the $30k level and staying there, but if there's another drop I welcome it and go for it this could be the last drop for this year then it will take off, provided there's no more bad news that could harm the market, there's a lot of surprises this year heading to the halving year, but I'm very positive that another all-time high is coming and we should prepare for it.

Bitcoin increased above $30000 several times in July. That means it breaks the $30000 resistance but it was unable to increase much above $30000 as the resistant price was $31800.

You need to know that bad news that can decrease the price of bitcoin can come at anytime unexpectedly. Also good news that can increase the price of bitcoin can come at anytime. People may not be expecting it at all. Saying there is no bad news that can further reduce the price of bitcoin is not accurate at all.

[aylabadia05]

July didn't end well but it wasn't as bad as how it feels.  It's just down a tad over 4% for the month.  I'd say that's not bad and could still be considered somewhat sideways even tho it was a red month.  Yeah...  And with momentum going down a bit, time for a new sentiment poll for this month.

As always here's the monthly chart and how July ended.  Not what I expected but it is what it is.  Stay safe out there guys.

https://i.postimg.cc/mkkWPbxs/9-EFF4-AB3-0-AAD-43-B6-8340-ECE31-B3-A4-A3-F.jpg

Starting with an open price of $29.2k, I still have the view that the Bitcoin price in August will not experience a further correction. $29k is still a good support price for the chart journey this month. If on the way there is a correction, then my estimate will not be too deep. This means that I do not dismiss the analysis that there will be no further decline, but if there is a decline, it will not reach a price level below $22k, even though there is an analysis that August to September will be months of falling prices.

[Yaunfitda]

I voted for No. So for me we have a good chance by this August to go back to $30k'ish again and maybe hit $31k or higher. The biggest support for now should be $30k and the bulls are going to defend it this month.

We went $28k if I'm not mistaken, but with some good news, we are back to $29k++ again so it's a good sign that at the start of the month, we have seen some rally that might see the price to go on the upward of $30k, in my opinion.