BTC Sentiment Poll for September

[tokeweed]

So after we got slightly bullish for July when June had a green candle, BTC went down more at around 11% for August.  :/

So yeah, judging from the latest price action it looks like 28k is the immediate resistance rn with 25k the immediate support.  How do you guys think will September play out for BTC..?

And remember, it's just a sentiment check.  Just say how you feel.

[Aanuoluwatofunmi]

So after we got slightly bullish for July when June had a green candle, BTC went down more at around 11% for August.  :/

So yeah, judging from the latest price action it looks like 28k is the immediate resistance rn with 25k the immediate support.  How do you guys think will September play out for BTC..?

What i expect is in seing people taking this recent dip experience to the next level as the most trending news in crypto considering that they did same when the market pump and gives alot of reasons that could have been traced to the sudden rise, now that we are back to $25,900 what should we expect more, according to my own research, if we can realize the dip experience in August althrough then September should be a month we should expect the market to rise close to $40,000 this is not a condition of what the news is all about, we all know we are heading closer to halving and the market needs to gradually continue to change pumping up.

[Franctoshi]

I have a thread where I explained my perspective or scenarios that may likely play too, August certainly closed with a Redish candle which shows the strength of the bears, but one thing that is interesting from the chart is that last month's candle failed to close the previous month, in such a situation like this what the market normally do is to push a little bit lower which could further drag the price towards 23k and maybe  21k level but will still come back to at current price we are now $26k or even close above.

[m2017]

I feel like no one can say for sure what the price of bitcoin will be in September. Any figures given here or elsewhere will be speculation. Wait, we're in the speculation section, right? Even if it turns out that someone guesses the price forecast, then this is pure chance.

Personally, my assumption is that the price of BTC in September will be about the same level with minor fluctuations up and down. In general, the price will remain almost the same.

Just don't try to use my forecast, otherwise you will lose your deposit. There are no Nostradamus Michael Burry among us. Michael, you don't have account here, right?

[pooya87]

Time flies. We're already in September.

We are back to $25k and it is June all over again. There will be dump attempts to break this strong resistance and there is a good chance that they will fail similar to June then we see the breakout back above $30k again.
With the fact that the recent attempt to go up (the failed $28k rise) could mean my theory above is correct so far since with fake dump attempts there will be also these sudden jumps upward as the dump fails.

P.S. What does everyone think about the similarities of bitcoin price with gold in the recent months?
Gold rose in July, stayed up in August and dump started on 8th bottom was 18th.
Bitcoin rose in last week of June and continued in July and stayed up until August 16 and bottom was basically on 18th.

[Yamane_Keto]

The price rebounded quickly from the bottom of 25,600, which confirms that it is still possible to retest 31,000 again during this month, but the possibility that we will reach levels of 38,000 thousand to 42,000 has become a little more difficult. Thus, we can say that during this month, the best we will get is to retest 31,000 again.

it is still possible for us to be between 19,500 and 24,785. Therefore, during this month, if the price does not move higher, the end of this month will definitely be between these two levels.

• This month's peak will be: 31,000
• This month's low will be: 19,500
• The probability that the price is in a range 19,500 to 24,785 (51%)
• The probability that the price is in a range 25,600 to 31,000 (49%)

[Captain Corporate]

I am aware that there is some charts that you can see here that indicates usually the opposite, but I do believe that it will go above 28k and stay there. Its going to be something that could be done a lot better on the long run. I understand that its not that easy to get it higher, but it could potentially happen and we are going to end up seeing it eventually. I hope that would be this month, we just need to figure out a way to make it happen one way or another, and from the looks of it, it feels like we are going to have some sort of issues on the long run if we are not careful so it could drop as well. We need to push, and keep on pushing and we can see above 28k and stay there.

[ajiz138]

It's hard to say this because in the previous month bitcoin still couldn't break the resistance, but this is part of the speculation so I said that thought.

The price will not be much different from August but maybe the $28K resistance can be passed but when the support level is already on the threshold then it will be more of a decline. I think sentiment is now more sensitive than some of the news that is presented, when positive comes bitcoin cannot stand longer but different things negative comes it continues longer.

[BITCOIN4X]

Bitcoin surged in one day to break $28k, while the price fell the next day to return to the baseline. Here I don't understand why it's difficult for bitcoin to maintain its value above $ 28k and recover to penetrate $ 30k, but the behavior of traders seems to be the main reason so far. Yes, there was panic there but I hope that doesn't make my optimism collapse.

OP, at least I voted for the first option on the poll, that's what I was hoping for this September instead of sideways.

[nelson4lov]

My bias and sentiment for the month of September is that the price trend towards the north otherwise, it would remain relatively flat and consolidate at the current range for a while. I'm not sure there are any big news on the horizon yet but that notwithstanding, I'm not sure the price will go below $24-25K since it already went that enough in August. I mean, all the June and July gains went blew off in August.

I have voted in the poll:
Low >>> 24-25k
High >>> 28K towards 30K price levels.

We'll see. Ember months are always interesting months to keep an eye on.

[Mate2237]

Bitcoin price in the month of August was not favourable though it was good for more purchase to fill up the purse. Bitcoin price was good in the second quarter in this year. The price rise on Wednesday to $27k and as it is the price has come down to $25k and we don't know how the price will be in this month. But I am predicting the price in this month to be $28k. Yes the $28 as I said will be the resistance line in the month but that is not guarantee yet because the price is unpredictable. In this days the market movement is confusing

[_BlackStar]

I'm not sure about what will happen this September - it has made me go sideways. Current market conditions tend to be very uncertain - even high volatility can occur unexpectedly.

Of course I can't hide my desire to see bitcoin break its strongest resistance at $30k - but some analysts say there is a possibility of a deeper slide due to the negative impact of external factors; ^{[government regulations and policies].} The impact is worrisome as it tends to cause major panic - but I have to stick to the main plan where the long term prospects for bitcoin investment are the most attractive.

[Wapfika]

The chart already shows that 30K level which is the previous strong support turned into a strong resistance now. This means that the general trend is already bearish unless it was broken but this scenario is very low chance to happened on a normal day of crypto without positive news since everyone is scared to purchase more when approaching to the said resistance.

I’m more on bearish if there will be no bearish news since people will continuously take profit slowly specially those who enter during the 16K dip that still holding on including institutional investors that pump this price to the current level.

[dragonvslinux]

Voted bearish for first time in a while. Don't trust the price action in recent days and next volume level is between $23K to $25K. Ideally we find some support there. Maybe slow grind til the end of the year, nothing exciting. Unless some bad news or old coins come back to the market, then things could get ugly again. Halving next year though so in two months people will start thinking about that again.



Last line of support until a lower low? Would be surprised to see price turn it around from here.

[EarnOnVictor]

As you can see on the monthly chart above, the market is bearish and will continue to sell in September unless otherwise stated. This will continue like this so long as the market has a negative price action on the chart and continues to hold below $29,400.

Nonetheless, it would be difficult for anyone to know the exact spot it would bottom this month. But it's good to note that the viable support is at $25,000-$24,700. A successful breach of those levels could send Bitcoin lower to $20,000 and below.

[_BlackStar]

Nonetheless, it would be difficult for anyone to know the exact spot it would bottom this month. But it's good to note that the viable support is at $25,000-$24,700. A successful breach of those levels could send Bitcoin lower to $20,000 and below.

Noted - but I don't expect that to be true this month unless something bad happens. Mtgox is one of the issues I will be keeping an eye on throughout this year - it will obviously send the price of bitcoin falling to low levels that could possibly fall below $20k. For September - I chose sideways, at least it's safe to think about that.

I definitely don't expect bitcoin to test the new support level at $24k - but that can't be prevented if market participants sell off. Of course that would be bad for the market - but just like in the past, prices will recover over time.

[goaldigger]

I voted for the sideway trend for some reason, and the volume also speaks for a possible sideways trend before we finally break the resistance level.
Now the price is back to $25k after the ghost month and I'd hope that we are not going to break the support level because it can create panic.
We are down to the last 4 Months of the year, there still an opportunity to enter in a bull trend, let's be more optimistic and let's hope for a better price before the year end.

[Baofeng]

Sideways as well for me.

We started the month at the wrong foot already, so I doubt that we can get over $30k this September and it seems the sentiments are still bearish up to this point. Just in the last 24 hours, we've witnessed a decline already.

And this might continue up to the end of the month, $25k-$28k pattern. We've seen this though in the past, so nothing to worry I guess.

[Mr.suevie]

I voted for the sideway trend for some reason, and the volume also speaks for a possible sideways trend before we finally break the resistance level.
Now the price is back to $25k after the ghost month and I'd hope that we are not going to break the support level because it can create panic.
We are down to the last 4 Months of the year, there still an opportunity to enter in a bull trend, let's be more optimistic and let's hope for a better price before the year end.

A better end of the year is what we expect because we are all expecting the halving which is fast approaching and we all who are Bitcoin holder are much expecting the bull run after the halving but Bitcoin ending the year with a good finish is more like a faith builder and it will boost our faith because a bad finish to the year will definitely put some little time investors scared and most of them will even sell off coins

[STT]

Can we vote all three   BTC be like a bee in a box seems to 🐝


Yea I think BTC is not settled, not with a established trend nearby yet I dont especially fear its weakness too much.   Its a sure slow movement its making but I would still observe BTC as with positive progression past the 2022 decline or reversal from its ATH.   Near term its not great, Im just looking at it now making a new low since the 17th but also resolving above 25.8k means its kept its head above water just about; no great accolade.  
  I will return when I see some resolution on that short term tide line of 25.8k   Lets see how it moves around and if it should become the ceiling, be more bearish