BTC Sentiment Poll for September

[suzanne5223]

We will all be surprised that this year's Bitcoin Q4 market will be different from all the previous year because of the institutional investors and the multinational companies that join the market which will by all means try to get their own share of the cryptocurrency market cake before the halving year.
Therefore, I think it's too early to conclude that a certain price is the bottom price but I believe the market will go sideways.

[Bananington]

 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  

I voted that it will go up because I choose always stay positive about the price of bitcoin. I choose to stay positive so that in my expectations, I will be encouraged to try to increase the amount of bitcoins that I have. If I do not see bitcoin price as going up, I will be discouraged to buy more so I do not loose money. I do not know how people who expect negative about bitcoins still encourage themselves to buy more, because if it was me, I will be discouraged. I also noticed that from the result of the poll, many people are like me and are positive about bitcoins price going up.

[Asiska02]

The price just keeps fluctuating, only when one will think that the market is going bullish, it will get to a stage and then give a resistance there, few weeks of days later, it begins to go bearish again. At this point, the market is very much still unpredictable. Just two days ago, the market was moving bullish until it tested the $28K price and bounced back. Now we are banking on $25K again, it might probably go lower than this before we can see another bull in this September.

[serjent05]

I believe we have a sideway sentiment this September.  Though I always wanted to have a bullish sentiment, I don't find any happening that will trigger the hype for the Bitcoin market.  I do not think that these upcoming ETF decisions will greatly boost the Bitcoin market though I hope to be proven wrong.

But if we look at the Q4 of this year, I think Bitcoin will slightly recover because of the upcoming halving event hype plus the accumulation of the positive sentiment of the upcoming institutional investors and possible approval of ETFs.

[Tytanowy Janusz]

I hate to admit it, but I don't think September will be a good month for longs.
1- September usually has been the weakest month for the S&P 500 since 1945, according to analysis by Sam Stovall of CFRA Research, with an average loss of -0.7%. The best month of the year for stocks over the same period is April, with a 1.6% gain on average.
https://www.investopedia.com/term-of-the-week-september-effect-7964565
2- sp500 recovered 80% of dump. Time for correction
3- a record inversion of the yield curve heralds a sudden recession
4- I expect another inflation wave (during the previous prices of stocks/cryptos were falling while commodities and everyday stuff were pumping)

[aylabadia05]

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

August has passed with the closing price of $25,927 as well as the opening price in September. That's the reality. Strong in holding, winning is the result. Weak on hold, failing to get big returns.
There is no overwhelming feeling on Bitcoin in September because from the price column, this month has seen very few good returns based on monthly statistics from 2009.

Feelings about Bitcoin prices are still about waiting for the halving while trying to maintain it stronger if the ability to increase Bitcoin ownership experiences problems.
The direction of the graph movement seems to be more sideways.

[EarnOnVictor]

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.

Mtgox? I simply don't get it, or am I missing something? I simply don't know how the Mtgox issue would affect the Bitcoin market so significantly as the effect had been priced long years ago. Even if they deliver as it's being hinted, it will be positive for Bitcoin and cryptocurrency, and if they renege in it, so be it, the market remains as it is as it will not have such a noticeable effect.

You might want to explain to me better how it can affect Bitcoin negatively to the point of making it slips below $20,000.

[Dave1]

For me, it's Break out above 28k and stay there. I think even if the price break down again, we are still in the support line of $25k and it looks like very strong as this point. We've almost made it to $28k though in the last days of August because of the news about the Grayscale winning it's case against SEC.

So just imagine if we will have another positive news like that in this month, we might bounce back again and then maintain it throughout the rest of the last quarter as everyone will be scalping to buy bitcoin before the start of block halving.

[taufik123]

For me, it's Break out above 28k and stay there. I think even if the price break down again, we are still in the support line of $25k and it looks like very strong as this point. We've almost made it to $28k though in the last days of August because of the news about the Grayscale winning it's case against SEC.

Hopefully, it's still strong and the $25k support will be the decider whether Bitcoin is able to survive or go down even deeper.
seeing the history of Bitcoin this September is a bearish month, but will it be the same as the previous history?
If there are a few more drops, hopefully, this time will be the last of the year and Bitcoin will be able to reach above $30k again.

So just imagine if we will have another positive news like that in this month, we might bounce back again and then maintain it throughout the rest of the last quarter as everyone will be scalping to buy bitcoin before the start of block halving.

Expect a lot of positive news to emerge to boost the price of Bitcoin. But of course, some FUD will reappear.
We are just waiting for the Halving to start and after that Bitcoin could have a real bull run.

[Unbunplease]

September is usually not a good month for bitcoin, but it is unlikely to fall below 23,000. There are no strong negatives on the horizon so far. Therefore, the most likely scenario for September is a sideways 25000-28000. Although a stronger fall with a quick recovery is also possible

[ginsan]

August has passed with the closing price of $25,927 as well as the opening price in September. That's the reality. Strong in holding, winning is the result. Weak on hold, failing to get big returns.
There is no overwhelming feeling on Bitcoin in September because from the price column, this month has seen very few good returns based on monthly statistics from 2009.

Feelings about Bitcoin prices are still about waiting for the halving while trying to maintain it stronger if the ability to increase Bitcoin ownership experiences problems.
The direction of the graph movement seems to be more sideways.

In september we expect Bitcoin price to pass over $31k and it is an exciting feat to hit a high in July. But for that the biggest resistance point is definitely at $30k and it is a selling point for traders to make short profits. The closing in August where BTC closed at $25927 made us see a bigger chance to run fast if it is supported by increased volume.

In the past two days BTC has been relatively sideways which is a strong reference if it can't stay strong then we will again see a decline that occurs, but we don't expect this to happen because we are already at a low price to accumulate BTC.

[Jating]

September is usually not a good month for bitcoin, but it is unlikely to fall below 23,000. There are no strong negatives on the horizon so far. Therefore, the most likely scenario for September is a sideways 25000-28000. Although a stronger fall with a quick recovery is also possible

Yes, most likely we will not go down below $23k. But last year though, if we will go back and take a look, we have a massive downturn because of the FTX collapse. And with that, I still can't get out the feeling that we might see some leg down before the end of the year. But I do hope that I'm wrong.

So for now, sideways is the next best option. It's good though, I mean it's we are somewhat in the middle so there could be breakout run in the upside or it might decline a bit. So we will see what happens in the last quarter of the year.

[Don Pedro Dinero]

I am slightly bearish. I hope I am wrong but I think we are going to be sideways this month as well, or even a little bit down. Halving is coming and we should see a rise to $40,000 or thereabouts in the next few months but I don't think it will be this month because the economic situation, especially with the interest rate policies, is not going to be supportive.

Unless we have good news but as we have already seen the bitcoin ETF ruling caused the price to rise and it soon went back down to the same level.

September is usually not a good month for bitcoin <...>

This is another reason for me to be pessimistic.

[aoluain]

September is usually not a good month for bitcoin <...>

This is another reason for me to be pessimistic.

Yes me too based on the past performance in September.

Damn I think I voted wrong, I should have voted sideways between 25k and 28k.
Historically September has been reliably negative as shown on the below board.



This year September just falls outside the 6 month window before the halving,
so I believe we will be going sideways with next month and will start to see the
markets moving into the green zones from November as we start the 6 month
approach to next years halving!

[aylabadia05]

[snip]

In september we expect Bitcoin price to pass over $31k and it is an exciting feat to hit a high in July. But for that the biggest resistance point is definitely at $30k and it is a selling point for traders to make short profits. The closing in August where BTC closed at $25927 made us see a bigger chance to run fast if it is supported by increased volume.

Selling is not an action that can accelerate bullish. September is not a profitable month for investors who expect returns. Trying to continue planning how Bitcoin ownership can increase this September is the most likely action to be taken by taking advantage of various negative events that occur in various situations and conditions.

Trying to strengthen existing assets and trying to increase ownership of assets is the only beautiful hope that I can try in September.
Usually the price situation in September always doesn't move up from the monthly return table. Who knows this September the habit might change. Let's just enjoy it.

[yhiaali3]

I voted for the option “Sideways between 25k and 28k” because that is how I feel about the Bitcoin price for September.

Everyone knows the reason for Bitcoin's sudden rise and then its return to its normal path. This temporary boom occurred as a result of positive news from Grayscale. The price's return to its normal path was expected and it is also expected that it will remain in a Sideways between 25k and 28k for at least mid-September, according to my point of view, after... So I hope we will see the start of a rise to the 30K area at the end of the month.

[Kelvinid]

I voted on the sideways movement and the reasons are;
 - High inflation causes the demand to keep on changing high and low
 - market performance last month where people are doubtful to buy more and waiting for the dip

I can say that this 3rd quarter of the year 2023 is still in the correction phase. It is still expected to keep the situation the same as last month until such time that panic selling is over.

[eightdots]

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

The market seems to be waiting for news. I don't know who will give this news, when and how. What the market needs is volume. When the volume comes, it will rise. What we need to discuss is how the volume will come to the market.

I am not as scared of negative news as I used to be because people who own bitcoin are not panic selling like they used to. I am hopeful for the end of the year and I think the price will go up, but I don't have any big expectations for September.

[michellee]

I chose Sideways between 25k and 28k but it is still too early to say Bitcoin will stay at the $25k level, drop down or even increase. Bitcoin movement seems to be like now for the next few days, especially since we are still on the weekend.

Hopefully, there will be a good movement from Bitcoin tomorrow so that the price can return to $ 26k and immediately increase. We do not expect to see Bitcoin price decline below $25k. But if that's the case, we can only stay calm and try to buy more Bitcoins.

Whatever happens in the following days, hopefully people can control their emotions and not panic. If they stay calm and keep holding their Bitcoin, the price will not fall too far. All possibilities are still possible, so we need to see what happens in the next few hours and the next week.

[taufik123]

-snip-


This year September just falls outside the 6 month window before the halving,
so I believe we will be going sideways with next month and will start to see the
markets moving into the green zones from November as we start the 6 month
approach to next years halving!

Just need to get through September safely and we'll be on our way.
But seeing how September has been going since 2017 makes us wary of the next downturn.

However, we must remain vigilant and always be ready with a backup strategy and spare cash of course.
August this year showed a decline of -11.01% and September will determine how much Bitcoin will fall or even change history by giving a rise and turning it green.