BTC Sentiment Poll for September

[BALIK]

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.

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

In my opinion, all of that is just our psychology, just because bitcoin is not moving as we expected and we feel more insecure when bitcoin keeps correcting to lower levels that we never thought of.
The more people believe that bitcoin price will drop below $50k, the more I believe that we have bottomed this correction and things will soon go back up.

[el kaka22]

Not moving that much is something we can see happening, it's true that we are not waiting for a new ATH, we are not waiting for a new bottom neither, it will be somewhere between those two. We should be happy with that because volatility is troublesome if it happens all the time, sometimes it should be boring so that we can get in and accumulate more, it allows us to get in a lot more. If it kept on moving all the time then it would be hard to trade, we need calm periods so that we can get better at it.

I believe that this is going to eb fine, and nothing crazy will happen, we need to consider the situation to be something that benefits whatever we have, and because of that we are going to just get something that will be quite good in the end as well. I believe that to be the key figure here, just holding and accumulating. September could still have some movements, it's just that I do not know what's going to happen, and it could be a little bit more complicated.

[uneng]

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.

Personal political views apart, Trump winning the elections in USA can be significantly positive for Bitcoin on short run as a strong boost to raise BTC to a new ATH, considering we are also heading into the final months of a halving year, which historically are very optimistic for Bitcoin. Part of the pessimism around Bitcoin these days are also due to the uncertainity regards US presidential elections this year.

Anyway, fingers crossed that Bitcoin is going to surpass the 60,000$ barrier once again pretty soon!

[tygeade]

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

In my opinion, all of that is just our psychology, just because bitcoin is not moving as we expected and we feel more insecure when bitcoin keeps correcting to lower levels that we never thought of.
The more people believe that bitcoin price will drop below $50k, the more I believe that we have bottomed this correction and things will soon go back up.

I think that was mainly because we did see it break all time high during halving period, so people had high expectations for this period as well. The reality is that we are talking about something that is taking some time and because of that we should consider this to be very great on the long run as well. I am not saying that it should be something that takes time, it is not going to be that simple but we can make it work one way or another if we know what we are doing.

Sure it's down right now but the hype is still there as soon as it goes up a bit and we just need to do what we should be doing, if we can hold it a bit then we are going to make some good profit. It will be hard to handle but it can be done if we just ignore the volatility.

[348Judah]

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

[LUCKMCFLY]

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

You are right, at the moment it is there leading, but nevertheless when a good movement occurs it is expected that in November there will be a turn, supposedly due to the presidential results, as for what many can do is that if it goes down, then buy, because it is the best way to get bitcoin to have and make a good future, in this case we must understand that opportunities will always be open to buy, it does not matter if it goes down a lot, some worry that the btc will go down in price, but that is a great opportunity to buy, sometimes we do not have clarity of things in the market because of fear.

[yudi09]

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.

A few months ago, I saw most of the predictions not only on this forum but even on social media were positive for bitcoin, most of them expected bitcoin to break ATH. But over the past few months, Bitcoin has been correcting constantly so I don't see any optimistic predictions for the market anymore. Many are even extremely pessimistic and believe that the price of bitcoin will drop to $44k and then maybe $40k and the bull run will end.

A common situation and not always experiencing a significant increase in market price. This reminds us of the spot etf incident. People's predictions about the price will increase drastically but in fact the price slowly decreases so most people say that the effect of the Bitcoin spot etf has no positive impact on the price. In addition, this action makes people pessimistic even though it is enjoyed that the Bitcoin price has exceeded the previous ATH price.

[bangjoe]

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

You are right, at the moment it is there leading, but nevertheless when a good movement occurs it is expected that in November there will be a turn, supposedly due to the presidential results, as for what many can do is that if it goes down, then buy, because it is the best way to get bitcoin to have and make a good future, in this case we must understand that opportunities will always be open to buy, it does not matter if it goes down a lot, some worry that the btc will go down in price, but that is a great opportunity to buy, sometimes we do not have clarity of things in the market because of fear.

As in the language of smart investors “Buy when people are afraid and sell when others are greedy” this strategy is very effective in the bitcoin market which is full of speculation and also easily shaken due to news sentiment, the fear of others is an opportunity for anyone to enter into bitcoin.

September will be a very uncertain market with the issue of recession and also the interest rate cut that the Fed will do, meanwhile the CPI data has come out, but it does not give a significant reaction to our bitcoin market at this time, maybe some investors are still waiting for interest rate cuts.

[TravelMug]

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

[Webetcoins]

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

58k isn't that bad to be fair, I understand that it is not ideal but we are still doing fine, considering we were even lower just a few days ago, at 53k or so, that's another 10% increase and traders must be very happy with that. I think we are going to go up eventually, we just do not know when, moving all together is not an easy thing to do and most of us can't do it, so we try to do our very best but mostly fail.

The moment when hype starts and people start to feel the FOMO then we will go a lot more, and I think it is not that far away, it can happen and I feel that it could be something that's nice, we shouldn't really be doing anything that far away, it is possible to happen this month.

I mean the 70k one, it looks likely that we can have 70k this month, and if not maybe then October could be the month for it. I know that it looks a bit tough at times but it is something that can see, October is usually a good month and we are getting closer to bull run, it's that time of the year and we could see the increases. I hope that we can all hold until then and there aren't any drops in price, if we see people selling then it would be sad because they would be missing out on a chance to make a lot of profit.

[Kemarit]

The market is going as well planned for traders and while some are not seeing it as they have planned for it, this is what we often get as a result of dealing with a volatile cryptocurrency just like bitcoin, i was being optimistic initially when i saw that the market is going bullish before a sentiment is being raised against it and the resistance was so strong that we had to see it go bearish for a while, but despite all these, we are being positive ion seeing the market getting to $72,000 or more before the month ends.

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

58k isn't that bad to be fair, I understand that it is not ideal but we are still doing fine, considering we were even lower just a few days ago, at 53k or so, that's another 10% increase and traders must be very happy with that. I think we are going to go up eventually, we just do not know when, moving all together is not an easy thing to do and most of us can't do it, so we try to do our very best but mostly fail.

Yes, it's not that bad, but still if you look at the previous all time high before the halving, still way below. Although last month we have at least reach $70,000 and we thought that we can continue that momentum and reach $75,000. But there's too much selling pressure and it didn't hold that and now we are in somewhat bearish market if you look at the last 2 months.

The moment when hype starts and people start to feel the FOMO then we will go a lot more, and I think it is not that far away, it can happen and I feel that it could be something that's nice, we shouldn't really be doing anything that far away, it is possible to happen this month.

We will wait for that, and as we go and become experience investor, it's hard to feel that FOMO again, but then again, this market is open for everyone, 24x7 and every news could really hit the market positively and that's where the FOMO might start all over again.

I mean the 70k one, it looks likely that we can have 70k this month, and if not maybe then October could be the month for it. I know that it looks a bit tough at times but it is something that can see, October is usually a good month and we are getting closer to bull run, it's that time of the year and we could see the increases. I hope that we can all hold until then and there aren't any drops in price, if we see people selling then it would be sad because they would be missing out on a chance to make a lot of profit.

Moving forward, it's going to be wait-and-see attitude for us. And unless we see some positive news next month or even what the result of the US Presidential election, then we might see a good recovery or even touching new all time high at the end of the month.

[tabas]

It's not going as well in my opinion, but now we should be around $70k'ish or even higher. Although there is argument that since the cycle has change, as we have reach new all time high prior to the halving. Because in the previous cycles, it's always new all time high after, not before. So the market might have been exhausted that's why almost 4 months moving forward, we have seen major changes in the market.

IMHO, it's going well. Give it time until next year, we still have the entire end of this year and as well as 2025 for everything to see the peak of it. Bitcoin can reach $70k within less than 24 hours based on what we've seen and its movement. But I'd agree to you that it should have been $70k already by this time but that's okay. The peak has been seen too early but that's not the end of it, there's still enough time for it to reach such peaks.

And others are very pessimistic that we might see a good price at the end of the year. Nevertheless, October-December could still be a good month and who knows, we might be over to see this kind of sideways patterns.

They're pessimistic because they're not seeing the good price movement. But since yesterday, we're back to $58k and it's rotating around there and $56k so that's a good sign. Those people who are pessimistic about that we'll not see good EOY, that's fine. I'd agree that we need to be patient and wait until Q4.

[STT]

I think its clear that we have no strong trend to give a high end year price.  We can always explode upwards, BTC can do this but as far as a certain trajectory its not there.   So I'm not too negative and Im really not that positive until proof arrives and is tested to give reason otherwise.

Right this moment we rest upon and test the 2 day average, its not failing that so far but BTC always remain stuck below a ceiling of August low prices.  If we cant beat last month at its worse then we cannot honestly conclude positive or strong price action right now. Neutral at best, today target upside 59.4k downside 56k.

[LUCKMCFLY]

if we see people selling then it would be sad because they would be missing out on a chance to make a lot of profit.

And that will always happen, the only thing is that we buyers know exactly what we should do, when the weak hands sell there is always a smart person buying, do not doubt that, and the best of all is that we will have access to buy at any time and thus make more btc, for me the main thing about this is to always do what is necessary to make or expand our wallet with bitcoin, it is known that it will increase, we do not know but it will, the /70k will pass quickly, the crux of the matter is whether this year it will reach $100k.

[AprilioMP]

The top of my choice for the price range in September even though I was only at the end of the second week to see it.

$60K seems to be the price that will be traded at the beginning of the third week because the RSI looks quite promising even though there will be news that can make the market back drop to the price below the current price.
But according to my estimation from lately developing that entering this third week the price will strengthen at $60K.

[ajiz138]

As it is September the current cycle is not too bad considering bitcoin has now rallied back to $60K, this being the middle of the month could the recovery still be underway or is this just a market trap? I hope this is not the case.

I see today the market is coming back as far as the week long gain is already 12% meaning bitcoin is recovering fast and that's what we expect, because we know September being a red flag a lot of people see but the reality is this will be a little different.

[NewRanger]

As it is September the current cycle is not too bad considering bitcoin has now rallied back to $60K, this being the middle of the month could the recovery still be underway or is this just a market trap? I hope this is not the case.

I see today the market is coming back as far as the week long gain is already 12% meaning bitcoin is recovering fast and that's what we expect, because we know September being a red flag a lot of people see but the reality is this will be a little different.

The assumption that the market is bouncing is true, but whatever happens BTC needs positive news from the FED RATE CUT and it is expected to be some kind of catalyst that can boost the price to at least $80K by the end of the year and is expected to continue to pump up to $110K by April 2025 if possible.

[JeffBrad12]

As it is September the current cycle is not too bad considering bitcoin has now rallied back to $60K, this being the middle of the month could the recovery still be underway or is this just a market trap? I hope this is not the case.

I see today the market is coming back as far as the week long gain is already 12% meaning bitcoin is recovering fast and that's what we expect, because we know September being a red flag a lot of people see but the reality is this will be a little different.

as long as people still calling out that september is bearish, there will always be so many short position around the resistance.

everytime bitcoin is reaching its resistance, it always get shorted massively by retailers like there's no tomorrow, in just matter of day or less the price plummeted from peak back to demand zone again.

it's how strong the market mood could affect crypto and become the reason bitcoin just gonna sideways this month around because the L/S ratio always plummets around peak.

[Yaunfitda]

As it is September the current cycle is not too bad considering bitcoin has now rallied back to $60K, this being the middle of the month could the recovery still be underway or is this just a market trap? I hope this is not the case.

We will see, we should be getting over the $62k resistance, and if we stay and hold that, maybe this is not just a market trap, but the start of the rally and maybe we can still get over to $65k as this is what most of us think this September will offer to us. So we have 2 more weeks to proved that this month is good already as we are now in the green dildo for the first time this month.

I see today the market is coming back as far as the week long gain is already 12% meaning bitcoin is recovering fast and that's what we expect, because we know September being a red flag a lot of people see but the reality is this will be a little different.

That's why there is red flag already, because on how fast the market has recovered from the last dip and retraction. There are eve proponents who says that we will be going below $50k this month. But suddenly the price chance it's course for this month. So we are still not safe, unless we hit $62k as I have said to continue to gain momentum for this month.

[lizarder]

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.

I have been watching sentiment in August up until last week and this is a sign of a decline in sentiment for the market. There’s been a lot of events that could be related and most people are no longer involved in the panic even though the market should be pushing towards a correction.

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?

As for today there’s been a bit of a change in the market and bitcoin is back to $60K plus, this could indicate a recovery or a drop after going above $60K. I still think there’s a correction this month and bitcoin won’t go above $65K for a few reasons that could happen and I hope the $60K price doesn’t go back down any further.

We will look forward to various speculations again and I hope it will not exceed the previous lowest correction price. Although when that price occurs it can provide an opportunity to make purchases in much larger amounts for some people who have large capital.