BTC Sentiment Poll for September

[rodskee]

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.

lol we missed voting more , actually I am going to create a post asking you but don't know which section to post haha.

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?

now its getting hard for me to assume since its getting lower each day since September started .

maybe we are seeing40k level this month before spiking in the last quarter .

[pooya87]

I'd say the situation is still the same as previous months.
There is a tremendous amount of potential to grow and reach a huge ATH.
At the same time the worsening recession in the West is putting a lot of sell pressure on bitcoin that is suppressing that rise.

This days as the price keeps going lower, we are seeing that effect even more... and yet they keep interest rates high making recession worse...

[Poker Player]

I voted for the first option, as I see the majority did. September has not traditionally been a good month for Bitcoin, and I am not saying that this is going to be a bad one but I would expect the price to start fluctuating more once we get into autumn, with possible rate cuts and the approaching US elections.

[ajiz138]

Range between 49k - 65k - Vote
I agree with other statements that the trail in September was not good for bitcoin after seeing a lot of history in this month of red tendencies and maybe this season will experience the same showing the direction of the downward trend.

Yeah we should be able to overcome this downward trend at least one month bitcoin will be below $50K maybe it will be more severe like the decline in August.

If it doesn't go below $50K then in October the bounce will get better soon because of history again before that it will recover soon and we might see an uptrend again.

[Akbarkoe]

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.

🖰🖰

See more curses than praises on bitcoin price during bitcoin surpassing September, even when we today expect US interest rate cut catalyst will have good impact on bitcoin market, but still there is possibility of bad news which is recession, so I take first option for your poll sir.

And besides that, we do need to try support at that price level again whether it will hold or not in this month before we fly with the whistle in the next month which always gives happiness to the market.

[skarais]

I'd say the situation is still the same as previous months.
There is a tremendous amount of potential to grow and reach a huge ATH.
At the same time the worsening recession in the West is putting a lot of sell pressure on bitcoin that is suppressing that rise.

This days as the price keeps going lower, we are seeing that effect even more... and yet they keep interest rates high making recession worse...

I tend to agree with you regarding bitcoin sentiment this month. If the government does not adjust interest rates and keeps them unchanged, then selling pressure will worsen bitcoin's performance. My big hope for the government is that they can adjust interest rates as quickly as possible and therefore all investors in both the stock market and crypto market can shine again.

There are rumors about an interest rate adjustment this month, but I cannot confirm that it will actually happen. Hopefully there will be adjustments because it can have a positive impact on everyone.

[LUCKMCFLY]

If it doesn't go below $50K then in October the bounce will get better soon because of history again before that it will recover soon and we might see an uptrend again.

I think the same, it is imperative that the price does not fall below $50k because it is a psychological price and that is something that we see as a range where everything is fine, and when people see that it falls below $50k they will start to get more scared and will start to sell, and although it is not bad that they sell to buy cheaper bitcoin, most people will do it because it creates massive fear and it is not good, the sentiment should be more positive, because seeing the behavior of bitcoin it is bullish all the time, maybe I am too optimistic, since I have always liked what Plan B establishes and I am a true believer in the model.

[Zoomic]

I voted for the first option, as I see the majority did. September has not traditionally been a good month for Bitcoin, and I am not saying that this is going to be a bad one but I would expect the price to start fluctuating more once we get into autumn, with possible rate cuts and the approaching US elections.

It's a truth that September has never been known for being a greenish month for bitcoin. But what I discovered is that, even the months that are known to be green are no longer as green as it used to be. Many things are changing in this industry. It seems there is a big realignment going on and it will definitely need new idea to study the market we are heading to. This is because, after the ETF approval and bitcoin hitting a new ATH even before halving, it shows that things are really changed and now people are guessing whether the anticipated bull run has come and gone or it's yet to come.

For this month, I am expecting the lowest of $48k and to continue to fluctuate within that range of 50k untill the US election is over. Then, a major decision upwards or downwards will be made.

[ajiz138]

If it doesn't go below $50K then in October the bounce will get better soon because of history again before that it will recover soon and we might see an uptrend again.

I think the same, it is imperative that the price does not fall below $50k because it is a psychological price and that is something that we see as a range where everything is fine, and when people see that it falls below $50k they will start to get more scared and will start to sell, and although it is not bad that they sell to buy cheaper bitcoin, most people will do it because it creates massive fear and it is not good, the sentiment should be more positive, because seeing the behavior of bitcoin it is bullish all the time, maybe I am too optimistic, since I have always liked what Plan B establishes and I am a true believer in the model.

PlanB says the market is dull in September - and this is true in fact we need to set sail and keep busy. Lol

Under $50K? Fear is bound to happen, selling pressure will increase they think with below $50K will think more deeply about bitcoin could be their pattern is $30K and so on, that's when people panic.

Now it's better to relax for a while... October will recover and wait for that month, the green grass will grow again.

[bangjoe]

If it doesn't go below $50K then in October the bounce will get better soon because of history again before that it will recover soon and we might see an uptrend again.

I think the same, it is imperative that the price does not fall below $50k because it is a psychological price and that is something that we see as a range where everything is fine, and when people see that it falls below $50k they will start to get more scared and will start to sell, and although it is not bad that they sell to buy cheaper bitcoin, most people will do it because it creates massive fear and it is not good, the sentiment should be more positive, because seeing the behavior of bitcoin it is bullish all the time, maybe I am too optimistic, since I have always liked what Plan B establishes and I am a true believer in the model.

PlanB says the market is dull in September - and this is true in fact we need to set sail and keep busy. Lol

Under $50K? Fear is bound to happen, selling pressure will increase they think with below $50K will think more deeply about bitcoin could be their pattern is $30K and so on, that's when people panic.

Now it's better to relax for a while... October will recover and wait for that month, the green grass will grow again.

Two people who are quite optimistic, interesting.
I also think that indeed the market in September is not friendly to bitcoin, it's like a curse for bitcoin in September which is sad.

The price at the $50k level is indeed a very crucial price to see bitcoin going forward, but I think we will try it again in the near future, and we will see whether it will fall deeper or not until it drops to the $44-$48k level, but I don't think that will happen if institutions accumulate bitcoin again, as previously Blackrock did, they collected bitcoin when everyone was in a state of panic in August.

[bbc.reporter]

Heheehe, it appears that presently there is a fear on the market which should cause us to become contrarians. Do no listen to these influencers or these larpers who want to be something similar to influencers hehe.

The contrarian in me has voted trend up above $65k. On the week before CZ's release from prison, this will be the beginning of a pump! Also, bitcoin has been inside a bull flag! This will will certainly pump if this bull flag is not broken.

[JeffBrad12]

I voted for the first option, as I see the majority did. September has not traditionally been a good month for Bitcoin, and I am not saying that this is going to be a bad one but I would expect the price to start fluctuating more once we get into autumn, with possible rate cuts and the approaching US elections.

but honestly bitcoin has been ranging around $49 -$63k for too long already, I don't think bitcoin will stay like this for long.



I believe that bitcoin will make breakthrough somehow, or might dump to the level of $43k touching the liquidity area before going back up again to $70k.

the market of bitcoin is really choppy and no one can predict anything but for bitcoin to have smooth big last pump it will need to sideline paperhand and liquidate the people who put long order.

[Yaunfitda]

Heheehe, it appears that presently there is a fear on the market which should cause us to become contrarians. Do no listen to these influencers or these larpers who want to be something similar to influencers hehe.

The contrarian in me has voted trend up above $65k. On the week before CZ's release from prison, this will be the beginning of a pump! Also, bitcoin has been inside a bull flag! This will will certainly pump if this bull flag is not broken.

At least the bleeding has top for now, Bitcoin is above $55k and I think it's good to see that we are in the support like and we all know that it can hold as long as it can. And then we could go and test at least $56k for this week, it's a price level that I think we can achieved in the next 24-48 hours at least.

We need to reclaim that level, to be able to bit a pronounce bull flag. And it might coincide with the news about CZ or whatever positive news that we can here to bring more investors again and maybe the sentiments in September will be totally different.

[khiholangkang]

I'd say the situation is still the same as previous months.
There is a tremendous amount of potential to grow and reach a huge ATH.
At the same time the worsening recession in the West is putting a lot of sell pressure on bitcoin that is suppressing that rise.

This days as the price keeps going lower, we are seeing that effect even more... and yet they keep interest rates high making recession worse...

The potential for a recession continues to grow, and if the interest rate cut is expected to be late, the Fed is too long in holding high interest rates, the article lowering interest rates even the recession is a threat and will not be affected.
Apart from that, the unemployment rate there is increasing which makes people think that a recession may be imminent which causes the selling pressure to deepen for this September, I hope the Fed has a solution to refute that sentence and refract the threat of a recession.

[Zigabel]

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?

Since the month of September, Bitcoin have been struggling to get pass the 58k to 61k support and resistance, these have been it's points of fluctuation recently but I believe looking at the market sentiment, it may break above the $62k soon and may test the $65 before we wrap up September thia is my sentiment. More ups and few downs.

[ShowOff]

I tend to believe that bitcoin price sentiment during this month will see the price hovering between $49k to $65k. Of course, if bitcoin price can break the $60k resistance then the scenario of getting bullish is more likely in the next month. Currently prices are rising positively and the increase has reached 4.3% based on my observations at CG. If this positive trend is maintained, then of course we will actually get bitcoin breaking through the $60k resistance as soon as possible.

In fact, not only me to think the first point is possible, but 20 of the 27 users who have voted already believe it. Hopefully it's not wrong because after all trends are very easy to change when FUD affects the market.

[letteredhub]

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?

now its getting hard for me to assume since its getting lower each day since September started .

maybe we are seeing40k level this month before spiking in the last quarter .

I placed my vote  on the first which is very realistic for this September despite it look like a month that isn't favourable with bitcoin but no matter how bad it could go down am strongly convince that $40k can't be seen this month with bitcoin price. This is because it's gonna take only a strong spectacular news effect within this last quarter of the year in the market for bitcoin to rebound back up should it go down $40k this September.

[uneng]

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.

The mass sale on every first days of each month may indicate that hypothesis. As soon as we reach closer to the half of the month, Bitcoin starts recovering its price again to the usual price we have been used to see around the 56,000$-57,000$'s. Now if Bitcoin can maintain the fluctuations upside, it shouldn't be hard to hit 60,000$ again soon. In every cases, be patient and don't be fooled by dumps in price meanwhile.

[GreatArkansas]

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.
(....)

I'm bearish for short-term on Bitcoin right now, the drop recently around $52,000 was a sign for me but I'm glad it recovered after, I believe we will visit it again within this month and the strong significant support will be the $50,000 and resistance that we need to break if we want to go maintain the bullish of Bitcoin is $60,000.
$60,000 is important level for Bitcoin from the past few months and having it as resistance for me right now is kinda bearish, I'm hoping we will able to regain that and sit above that until end of the year.

[Kemarit]

After flirting with 52,900$, Bitcoin is already back at 56,800$ right now, having hit 57,000$ minutes ago. I believe there is a cashout tendency in the beginning of each month due to the fact governments tax sales over cryptocurrencies monthly only above a determined sum of money transacted. It means that if a Bitcoin holder stays below the radar, he can cashout his earnings progressively a little bit each month, without having to pay taxes to the government.

$57,000++ and still going up, so it means that we have recovered what we lost from some days and it seems that the market is going to try and go back to $60,000. That is going to be a big plus for the market if we bounce back from that support. But still, we are in the second week and so -3% so far.

The mass sale on every first days of each month may indicate that hypothesis. As soon as we reach closer to the half of the month, Bitcoin starts recovering its price again to the usual price we have been used to see around the 56,000$-57,000$'s. Now if Bitcoin can maintain the fluctuations upside, it shouldn't be hard to hit 60,000$ again soon. In every cases, be patient and don't be fooled by dumps in price meanwhile.

Nevertheless, we should be very careful and wary of the price movement, we don't know, it could be just another bull trap or a false break out. One thing though that I notice is that we will see the US presidential debate, so we will see who wins and it could affect the price, as we have a pro crypto supporter in Trump.