BTC Sentiment Poll for September

[JoyMarsha]

What I feel about September is that the bitcoin price would still be hovering around the price of $25k-$30k to the end of the month, finding it difficult to still cross the $30k threshold.

This September will not be bringing forth bitcoin to a greener zone, the red zone will continue for investors to keep buying Bitcoin at a low price and also be applying a DCA method for the time being before the market picks up by October I guess.

The month am looking at for the price of Bitcoin to go above the $30k entry point, should be around October. As for this month, the bitcoin price will be on sideways $25k-$30k.

[Asuspawer09]

If I remember correctly September was not really a good month for cryptocurrency and Bitcoin so we probably can't expect anything this month and the market price is probably going to drop to a lower market price or probably going to just sustain to a certain level we dont really know but I dont really expect anything this month since the main goal of it is on the Bullrun that is probably going to be on 2024 or 2025 something like that.

I mean the best thing to do is to not really expect anything from cryptocurrency and Bitcoin so that you do not really have to worry about anything and you could invest for the long term in it, but probably we could expect the market price to go back to 30k$ in the ber months on October, November, and December until next year on the march we could expect a price increase just because of the upcoming Bitcoin halving, just like what happened before a lot of investors are going to buy and accumulate Bitcoin again because of the upcoming Bitcoin halving hype. Probably months before the Bitcoin halving there is always some kind of small pump.

[Wexnident]

Havent checked the price for like a few weeks and boy are we down right now. If we don't go below $25k we might see some proper resistance and steady lines along the first half, maybe go up to $27,28k by then. If we do go down below $25,  then it wouldn't be odd to go lower, up to maybe $23k or so. Sentiment seems pretty negative so far, might see some change if we actually go up in the latter end of the month.

[Fundamentals Of]

Sideways between $25,000 and $28,000 for me. This has been the movement and I see no reason how it will be broken. The spot ETF that everybody's talking about has been delayed. I suspect this is not going to be the only delay. As soon as it is due, it might be delayed once again. And knowing that the halving will still happen several months from now, there's really not much reason to be bullish. If the price goes above $28,000, it's gonna be temporary. It will still come down to that range for the rest of the month.

[peter0425]

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

voted for none , because I think there will be more low in the coming weeks,
and maybe below 25k is what we are looking here.
this month is sandwich of 3rd and 4th quarter so mostly dumping happens in September.
but if given a chance to decide , i wanted to maintain 28k and above till next year..

[LogitechMouse]

Base on this article: LINK

On the other hand, September is the worst month to invest in the stock market. It has the worst average returns, with the value of stocks taking a nose-dive that period.

Also look at this picture coming from: https://bitcoinmonthlyreturn.com/


Looking at the 2 things that I shared, it seems like the bearish trend will continue for the month of September. Just looking on the picture alone, out of the 12 years, only 4 of them are in blue meaning Bitcoin ended the month of September with a green candle. Another one is that, Bitcoin has been down in the month of September for 6 straight years, so most likely we might see Bitcoin on an another red candle this month.

Of course, anything can still happen and we might see the streak getting broken we don't know, but I watched a video a few years back telling that the last 3 months of the year are often bullish for the Stock market, and includes the crypto market because the price movement are kind of the same, so after this month, we might see Bitcoin's price starting to go up at the start of October. Just be patient guys.

[tokeweed]

^  It might be another September red candle or we're due for a green one.    We really can't tell with these things.  No matter how hard we try to make the right predictions, all we can really do is make the trade and hope we're right.  All we can really control is when and where to take our stop loss.

Anyway looks like the sentiment is split between sideways and up.  I'm on the same boat.  I think we're due for a leg up.

[Yaunfitda]

^  It might be another September red candle or we're due for a green one.    We really can't tell with these things.  No matter how hard we try to make the right predictions, all we can really do is make the trade and hope we're right.  All we can really control is when and where to take our stop loss.

Anyway looks like the sentiment is split between sideways and up.  I'm on the same boat.  I think we're due for a leg up.

And with that, we can either just continue to buy or just hold the bitcoin. No point of selling it in September or when the price is not really looking good. I'm no trader though, so I'm not looking for stop loss or something.

I'm just an average joe who buy when I can afford and just hold. Because as per my experience, and for sure we all know this, that once we enter the bull run, no one can stop us from reaching all time high. And most likely it will be 2024-2025 bull run for all of us. So just be patience this month, and look for the long term.

[Gozie51]

^  It might be another September red candle or we're due for a green one.    We really can't tell with these things.  No matter how hard we try to make the right predictions, all we can really do is make the trade and hope we're right.  All we can really control is when and where to take our stop loss.

Anyway looks like the sentiment is split between sideways and up.  I'm on the same boat.  I think we're due for a leg up.

I think I have the same view you and with the feeling that it is still time to DCA on bitcoin because we have barely 3 months to the end of the year leading to next year halving. Also with the last two weeks news on Elon musk selling his bitcoin that make price to drop to $27k and now a little stable against the down speculation, maybe the price appreciation has started consolidating.

[KingsDen]

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.

I have followed your analysis for sometime and it seems that you are very knowledgeable about the chart. I have known that the market will move upwards from this region of 25k, but with your analysis, I am no longer optimistic about my personal findings. Let me see how this plays out, but the August chart closing with a redish candle is truly a sign of strong bear. The reverse only happens in a rare condition which I do not think will happen now.

[hatshepsut93]

The closer we are getting to halvening, the higher the chance to see some early bullish movements. And the chance of bearish movements should reduce too, it would be quite strange to see Bitcoin moving to its 16K support when the halvening is half year away. I voted for sideways and think there still many months of sideways ahead, and eventually a bullish breakthrough like in the previous markets. There can also be smaller breakthroughs followed by pullbacks - $32K then $40K after some time and so on.

[jostorres]

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..?

One thing I'm sure of is that it won't sell down and stay below $25k for the whole month. I know that it can go down but it will eventually recover from there and then it will most probably just stay sideways for the whole month, and even if it breaks out of $28k, it will most probably not be able to go across the previous resistance of $31k unless there are some whales buying in and giving a push to the market towards $35k which will be a treat to see, honestly.

I believe, if Bitcoin manages to go above $31k within this month, we will surely see the price of Bitcoin above $40k within 2023 and that will be a great start for the recovery process and a great little push for the most anticipated bull run that is expected any time between 2024 and 2025.

[Oasisman]

I can say it will move sideways between $25k - $30k max. There will be a lot of FUDsters coming out trying to drag bitcoin's price down and scare mediocre and weak hands as the bitcoin halving is fast approaching. Whales also trying to manipulate the market, these are all expected along the way throughout the halving.  September until December, we might not see a significant rise due to these reasons, otherwise we would see a pump if there's one big news that will hit the crypto ecosystem, I'm quite surely it will quite impactful positively as we are heading towards the next bitcoin halving.

[Wind_FURY]

The closer we are getting to halvening, the higher the chance to see some early bullish movements. And the chance of bearish movements should reduce too, it would be quite strange to see Bitcoin moving to its 16K support when the halvening is half year away. I voted for sideways and think there still many months of sideways ahead, and eventually a bullish breakthrough like in the previous markets. There can also be smaller breakthroughs followed by pullbacks - $32K then $40K after some time and so on.

Plus the more damage the tightening causes, the more Powell does an over-adjustment during the expansion phase, which WILL also make cryptocurrency prices surge like 2016 - 2017's bull cycle.

It's also not just about the halving, and that makes Plan B's theory flawed. Scarcity is only one side of the equation, there's also the question WHERE demand will come from.

Pledditor made the right conclusion, although we could definitely argue that the halvings also reduce sell pressure.

I continue to believe that #bitcoin's 4 year cycles are just coincidences and have little to do with the halvenings.

Global M2 money supply has actually been having its own "4 year cycles" as of late, and those cycles have been reflected in most risk assets, including bitcoin



https://twitter.com/pledditor/status/1698936311602614449

[Lucius]

To me, the third option seems somehow the most realistic, although I do not rule out the possibility that the price will go below $25k if it stays where it is now for too long. Let's say that $26k behaves like $29k until recently, and the way I see it, those who buy larger quantities through OTC will do their best to accumulate as much as possible at a lower price. When we also take into account the general attitude that September is usually a red month in terms of price, it seems that those who buy will be the happiest this month.

~snip~
It's also not just about the halving, and that makes Plan B's theory flawed. Scarcity is only one side of the equation, there's also the question WHERE demand will come from.

The demand will probably come from the approval of the spot ETF, which now has a 75% chance of happening according to some experts. Of course, this is still in the sphere of speculation, but if there is a greater chance of it happening than not, then it should be taken as a possible factor that can trigger the market long before the possible halving effect.

[Doan9269]

I can say it will move sideways between $25k - $30k max. There will be a lot of FUDsters coming out trying to drag bitcoin's price down and scare mediocre and weak hands as the bitcoin halving is fast approaching.

Considering what the chart is giving as at present moment, there's more positive indications for the market to pump uo sooner and just as you've said already, this may go along between $35,000 to $31,000 in my own assumption, this is not going to take much time as well because we are fast approaching the halving and we should be on the look for more bull than the bear market anytime henceforth, but people should know that whenever things like this occurs and the market go dip, it's nothing to cause fear than going in preparation for bull market to come in soon.

Whales also trying to manipulate the market, these are all expected along the way throughout the halving. 

Do whales actually manipulate the bitcoin market price, if so how comes they also suffer losses each time the market goes dip, isn't the market itself far beyond the cope of this whales.

[Sebas.tian]

Based on what I have observed in the crypto market in the few days in this month of September, show that the price of Bitcoin will still decrease more than $25,742 before it will return back to $40,000 because the real bull will take place next year for those that invested and hold for long to use the opportunity to enjoy the fruits of their labour. This month will still be a month of holding and buying, because the red light is still displaying in the market to alert holders that bearish market is still on board for those that missed the opportunity in the past to embrace this opportunity to buy Bitcoin and continue holding till the bullish market appear. If this bearish continue till the end of this year, I think many holders will achieve a huge amount of income from their investment when the bullish market remain stable.

[karabiber]

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.

It is difficult to identify a specific situation that could take Bitcoin out of its recent range. Uncertainty about Bitcoin's next move is weighing on the market. As long as Bitcoin remains in the 24.800$-26.900$ range, uncertainty will persist. Nevertheless, it is encouraging that bulls continue to buy dips. Falling moving averages point to an advantage for bears but the gradually improving RSI indicator weakens the bearish outlook for Bitcoin. The first signal for a rebound would be a close above 26.900$.

[Juse14]

I can say it will move sideways between $25k - $30k max. There will be a lot of FUDsters coming out trying to drag bitcoin's price down and scare mediocre and weak hands as the bitcoin halving is fast approaching.

Considering what the chart is giving as at present moment, there's more positive indications for the market to pump uo sooner and just as you've said already, this may go along between $35,000 to $31,000 in my own assumption, this is not going to take much time as well because we are fast approaching the halving and we should be on the look for more bull than the bear market anytime henceforth, but people should know that whenever things like this occurs and the market go dip, it's nothing to cause fear than going in preparation for bull market to come in soon.

But it will be quite difficult this September considering that previously Bitcoin had increased to $ 28k again but was rejected to continuing to constrain and survive at $ 28K, technically it could be calculated that we were in a state of sideway, but assessed bullish and bearish sentiments today, today today We get more bearish sentiment from the movement of speculation obtained.
There are no big indicators that can encourage market movements if seen from the global economy, except the results of the The FED meeting this time indicates normal results in the inflation rate, the possibility of a little pushing better prices on Bitcoin.
$ 35k- $ 30k from where you get that?, It is indeed easy to reach by Bitcoin but must have a reason why it can rise like that?

Whales also trying to manipulate the market, these are all expected along the way throughout the halving. 

Do whales actually manipulate the bitcoin market price, if so how comes they also suffer losses each time the market goes dip, isn't the market itself far beyond the cope of this whales.

How they can control or affect the Bitcoin market, the volume of Bitcoin is very high, unless they play with the news of the news moderated by the government is more likely to spread opinions.

[YOSHIE]

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

I remember one of the sayings about Bitcoin speculation for this year said by a Bitcoin expert.
He said:
"Don't expect that you will get a lot of water this year, keep digging, you will see a big spring next year.

From that saying I draw one conclusion, even though there are various speculations and charts circulating at this time, I conclude that Bitcoin for September later this year is in the range of below $ 30k, $28 could be, we should be able to take advantage of this opportunity now, to get plenty of clean water when the time comes.

To be honest, I don't really have high hopes for the crypto market and the development of Bitcoin for this year, instead I have to try my best, maybe to accumulate as much as I can.