BTC Sentiment Poll for September

[fuguebtc]

Not many people have taken part in the poll yet, but overall people are becoming more pessimistic than optimistic. What I see is everyone is thinking about the scenario of bitcoin price falling below $50k but no one wants that to happen so people are voting that bitcoin price will go sideways between $49k and $65k.  .

As for me, I don't have any predictions but I like to think contrary to the crowd, so while everyone is getting extremely pessimistic, I think bitcoin and the market will have more positive changes this month. Also, I'm pretty bullish on the Fed cutting rates on September 19, so I like the idea of ​​bitcoin hitting $65k this month more than thinking it will drop to $49k as many are predicting.

[uchegod-21]

I went for the number one option in the poll. Bitcoin will remain in the this present range (no going below 50k and above 65k) till after US presidential election. The US election is the only factor directing the entire market now and it will also be the leading factor to bull run or a delaying factor.
So, in the month of September, we should simply expect similar things that happened in the previous months. New new expectations and no new dramas. Keep HODLing, the brighter future is very near

[Zanab247]

I guess this month of September price will be like August price, because many people hope that the price of BTC will hit back $70k before the end of August but the price didn't come to reality than to dump to $58k before the end of August. If the price of BTC will pump higher in this month of September, it will not pump above $67k before the end of September but the price of BTC will surely hit above $100k before the end of december because the price is still displaying some positive signs that will make hodlers to continue hodling their BTC till the market hit $100k before they can sell to make profits.

Based on what hodlers has experienced from the market this year, I don't think the price of BTC will dump below $50k before it will move to $80k next month, and if you want to buy BTC, I guess this is the best time to buy and hodl for the price to hit $100k before you can sell to achieve your goal from the industry.

[Nwada001]

I voted for $49k to $65k. With the way the price is going right now without hodling ground in any positive direction, we can likely see Bitcoin drop below $50k, which we can even see it down to $46k if there is not enough support. 
 
But there can still be some U-turn as usual. If we have some positive news on the market and the demand increases, then we can see the price struggle to regain the $60k level and remain there until the end of September.

[FinneysTrueVision]

I was hoping for a bullish month but things have not started off so well. The price has been on a downtrend for a couple of weeks now. There is an occasional bounce but these are short lived and then it moves lower. I expect the price will trade mostly sideways but will decline steadily and finish September below $55,000.

[betswift]

I was hoping for a bullish month but things have not started off so well. The price has been on a downtrend for a couple of weeks now. There is an occasional bounce but these are short lived and then it moves lower. I expect the price will trade mostly sideways but will decline steadily and finish September below $55,000.

Interesting. I think it will be either $50k up to $60-65k.
Not something interesting to witness at the moment, except for the opportunity to accumulate more of BTC

[Iranus]

I went for the number one option in the poll. Bitcoin will remain in the this present range (no going below 50k and above 65k) till after US presidential election. The US election is the only factor directing the entire market now and it will also be the leading factor to bull run or a delaying factor.
So, in the month of September, we should simply expect similar things that happened in the previous months. New new expectations and no new dramas. Keep HODLing, the brighter future is very near

Given the current market situation, not many people are optimistic and I am one of them, I just hope bitcoin will not drop too much and it would be better if it could go sideways.

But in terms of what will determine market trends in the coming period, I don't think the election is the main factor. I think the news about new interest rates is the key factor because it determines the future of our economy. If the Fed lowers its tone and decides to lower interest rates in September and December, it will mean that monetary policy will be loosened and will have a positive impact on the economy as well as the market.

As for the election, it doesn't matter who becomes president if inflation stays high, the Federal Reserve doesn't lower interest rates and money printing isn't allowed. That means there will be no money flowing into the market, we cannot expect the bull season to come.

[2Pizza410000BTC]

I missed a month of our sentiment thread as I got sick at the end of July and got worse a couple of days into August.  But yeah, now it's back.  A couple of days late tho.

So in August we saw BTC open around 65k, had a sell down to around 49k then tried going back up to 65k but didn't make it...  So of that's the range, what do you guys think will happen this month?

Given BTC trend and the volatility of the Bitcoin market, it can be assumed that Bitcoin will be in a lot of volatility throughout the month of September. Bitcoin market is most likely to go down because we can guess from past charts that Bitcoin price will not rise in September but if it does then Bitcoin market may start to rise from October. But in September I guess Bitcoin will be between 48k and 55k.

[LogitechMouse]

As of this moment, the price of Bitcoin is going down and it seems like the momentum last month will continue this month as well.



As of this moment, the price of Bitcoin is down -5% based on the picture that I shared. Just by looking at the history, Bitcoin's price during the month of September tend to go down with an average of -4%, and because of these reasons, I believe that this month will be a bearish month just because of the history. On the flip side, despite of me being bearish for this month, I believe that in the remaining 3 months of the year, Bitcoin will change it's trend and will turn bullish hence, we might see the start of the one that we're waiting for which is the bull run. I might be wrong though, but as for this month, I'm bearish, and will not be surprised if we will see Bitcoin testing the $50,000 price range again.

🖰🖰

[Ishicryptic]

I'd never see the reason for the declining price of bitcoin these days, but yes, I still live in confidence that it never drops below $40k. Instead, I was looking forward to it rising again as the ber months started. But as seen in previous years, September is not a good month for crypto, many price corrections are happening, which can possibly happen this year again. Although we don't hope for that to happen, as usual, we don't expect too much for a huge recovery as well. If the price stays at $60k, that would be wonderful, but if the price stays below $50k, I'm sure many investors feel disappointed, especially newcomers. 

Well, the sentiment remains uncertain, but of course, our faith is still there, and we all hope for a better market position. Holding seems to help a lot more than panic selling, and I hope everyone takes it seriously. 

I was discussing price speculations with an experienced bitcoiner and he was emphasizing about September, not being a good month for cryptocurrency, that he's looking beyond it for positive price pump. He said that he's more optimistic about October, for us to see a positive recovery and enter into a realistic bull season. I don't mind Bitcoin price hovering around $60k because I'm not looking forward to any major dip again, that will be disappointing and a heartbreak for me, being quite new in hodling Bitcoin. The strategy that I've learnt in this speculation board is to buy, hodl and wait, I know that sooner or later we will see bull run at it's peak.

[salad daging]

As of this moment, the price of Bitcoin is going down and it seems like the momentum last month will continue this month as well.



As of this moment, the price of Bitcoin is down -5% based on the picture that I shared. Just by looking at the history, Bitcoin's price during the month of September tend to go down with an average of -4%, and because of these reasons, I believe that this month will be a bearish month just because of the history. On the flip side, despite of me being bearish for this month, I believe that in the remaining 3 months of the year, Bitcoin will change it's trend and will turn bullish hence, we might see the start of the one that we're waiting for which is the bull run. I might be wrong though, but as for this month, I'm bearish, and will not be surprised if we will see Bitcoin testing the $50,000 price range again.

🖰🖰

The picture shows the history for September and we realize this will be a bearish month for at least one more month, stepping on October it becomes “Uptober” as this will be the next recovery month.
The decline is now a sign, so there is nothing wrong with the prediction that it could be true throughout this month bitcoin has decreased to below $50K I think this can happen seeing the market situation that continues to fall.
There are some important events that are associated with US interest rates and this affects the price of bitcoin, we knew there would be an impact but we will recover soon.

[Coin_trader]

So in August we saw BTC open around 65k, had a sell down to around 49k then tried going back up to 65k but didn't make it...  So of that's the range, what do you guys think will happen this month?

Same scenario according to the current price action we are experiencing right now. We might experience lower low this time since the price keeps printing lower high on previous month which means weakness of the bulls.

I’m not bullish on months of September or October since major price rally usually happened on December. I will be happy already if Bitcoin can maintain the current behavior of trading in range since it’s very profitable for my grid trading bot set on the previous range price of Bitcoin.

[yudi09]

The range is between 49k - 65k. That’s my pick for this month’s poll.
Despite the tough start to the month to get to the best price we wanted, there are still a few weeks where the market could potentially get above $60,000. The chance of it going down to $50,000 or below is unlikely to happen in my opinion.
Selling below $50k is not a decision that needs to be made because they will regret it if they do.

[uneng]

Interesting. I think it will be either $50k up to $60-65k.
Not something interesting to witness at the moment, except for the opportunity to accumulate more of BTC

I also refuse to get bearish right now, because there isn't a good reason to justify why Bitcoin would dump further. There aren't strong negative news going on to impact Bitcoin downside. The global scenario looks pretty stable, as nothing different from previous months have happened. There is a lot of market manipulation going on in the beginning of the month, repeating the situation faced in August.

The ideal scenario would be Bitcoin near to the 60,000$ border, but it's still going to take a while... I think investors' expectations have to cool down for Bitcoin to pump again, otherwise the whales aren't going to let Bitcoin inaugurate a new bullish trend above the 60,000$'s. Whales are making sure to remove the weak hands from the game before the pinnacle takes place.

[Aanuoluwatofunmi]

If we look well and more closely to how we started the month of August, you will discover that it all started with bear market before things begin to change and the market rises to about $62,000 and now it seems that the same is repeating itself in this month with the recent bear we had, the market sentiment is getting bearish and if you speculate further, you will observed that there is no further indication showing that there is going to be more bear than we expect for the bull.

[aylabadia05]

<snip>

The picture shows the history for September and we realize this will be a bearish month for at least one more month, stepping on October it becomes “Uptober” as this will be the next recovery month.
The decline is now a sign, so there is nothing wrong with the prediction that it could be true throughout this month bitcoin has decreased to below $50K I think this can happen seeing the market situation that continues to fall.
There are some important events that are associated with US interest rates and this affects the price of bitcoin, we knew there would be an impact but we will recover soon.

Even though I am still optimistic about the market recovery, it seems that the market has been too bearish recently. It's probably safe to assume that the price of bitcoin will trade between $49k to $65k this September, after all September is not considered a positive month in bitcoin history. Of course, everything is never the same every year, but September can still be classified as a month that tends to be negative in terms of bitcoin market conditions.

Some key events could certainly support a market recovery at this September, but I think many people are too scared right now. However, I always find myself optimistic for bitcoin's future and tend to ignore short-term volatility. Monthly TF looks bearish, but we can expect a good recovery in the next month.

[_BlackStar]

-snip-

Interesting. I think it will be either $50k up to $60-65k.
Not something interesting to witness at the moment, except for the opportunity to accumulate more of BTC

Of course - but don't you see a portion of users continuing to worry and fear?
FUD is everywhere and even the slightest bit of negative news will cause panic among traders. Just look at the past few days - the market is trying to recover, while trader panic is increasing selling pressure.

If you have a budget - of course you can take the opportunity to accumulate and strengthen your portfolio. Other users will be waiting for good news - while they are haunted by concerns about the downward price trend.

[EL MOHA]

If we look well and more closely to how we started the month of August, you will discover that it all started with bear market before things begin to change and the market rises to about $62,000 and now it seems that the same is repeating itself in this month with the recent bear we had, the market sentiment is getting bearish and if you speculate further, you will observed that there is no further indication showing that there is going to be more bear than we expect for the bull.

This month will be different than the previous month, in as much as we all know that September has been portrayed as a very bearish month I think most of the investors will be expecting the month to live up to its expectations and therefore will only create FUD which will further push the price down. Currently we have already gone below $53k and the support at that $52k of broken will definitely cause more fear. I don’t predict a huge recovery like that this month, in fact we could even see a $48k this month probably range later between $55k and $60k. My bullish prediction is probably next month.

For now it is accumulation period and nothing more because the selling pressure from weak hands is just growing at the moment.

[STT]

The lower higher as mentioned in opening post should be telling, we are price challenged for the time being.  Its hard to believe September ends off at a higher price then it starts with but there was selling prior and I believe it remains a possibility.   The recent failure to hold 58k is unfortunate and during September we are likely to touch 49k as the next Fibonacci level down, its also the last low and the peak price first seen in January of this year.

However 2024 ends up it cannot ever be called a negative year, its gained alot, revised those prices and is now at least threatening to lose alot of those gains.   I believe in a positive resolution but it might not adhere to our annual time tables, I would guess we see a nasty sell to frighten a few people but many will buy into that and we do end up higher in the end.

  I always thought we'd have selling in this old ATH area, I just not think we'd walk in circles for half a year; alot of this is buy programs instructed to avoid the highest prices leaving only speculators baking in the mid day sun desperate to sell again, we need real conviction to break 70k.  We failed to find it, some will feel betrayed in buying this year but they were also chasing short term gains in doing so when BTC is multi year.  

 Sept will be about revision.  Todays low is the yearly average price, 200 week is 40k which we can always touch but I dont expect it as it should be an extreme from where we've been eg. the pandemic low was there.  A positive market should be closing above the 50 week average so me saying 54k to 49k in this month is already a big negative event but also I think thats a real trend that has to be defeated.   So this month and those following are important, pivotal perhaps.

[TravelMug]

If we look well and more closely to how we started the month of August, you will discover that it all started with bear market before things begin to change and the market rises to about $62,000 and now it seems that the same is repeating itself in this month with the recent bear we had, the market sentiment is getting bearish and if you speculate further, you will observed that there is no further indication showing that there is going to be more bear than we expect for the bull.

This month will be different than the previous month, in as much as we all know that September has been portrayed as a very bearish month I think most of the investors will be expecting the month to live up to its expectations and therefore will only create FUD which will further push the price down. Currently we have already gone below $53k and the support at that $52k of broken will definitely cause more fear. I don’t predict a huge recovery like that this month, in fact we could even see a $48k this month probably range later between $55k and $60k. My bullish prediction is probably next month.

For now it is accumulation period and nothing more because the selling pressure from weak hands is just growing at the moment.

We are back to $54k, and I think this is the reversal that we are waiting and probably the bottom is $53k. But not sure what to expect, it could be another bearish month or the pattern is going to be sideways with minor dips and then investors buying when they see that pattern.

Yeah, and we are back to accumulation phase once again, wise investors knows that and so they could happy jumping on the gun again and firing at all cylinders because they like what they see. It's very cheap and there is no wrong strategy on buying at the dip and wait for the price to go on 6 digits next year.