BTC Sentiment Poll for August

[m2017]

So July monthly chart is looking pretty good imho.  It's up a tad over 8% and the chart looks nice.  But it looks like there was some month end shenanigans going on as some guys decided it was a good time to sell down.  It's really weird timing. 

The holiday can't last forever.

So yeah...  What do you guys think of August?  Is it gonna be green again or will BTC take a break for a bit and close red?

As the last days have shown, the chart doesn't look green (fall to $113000). I expect there will be some decline in the bitcoin. If this is not the beginning of the "worst" - the beginning of a long decline and the end of the bull run.

[Powerjumboo]

So July monthly chart is looking pretty good imho.  It's up a tad over 8% and the chart looks nice.  But it looks like there was some month end shenanigans going on as some guys decided it was a good time to sell down.  It's really weird timing. 

So yeah...  What do you guys think of August?  Is it gonna be green again or will BTC take a break for a bit and close red?

After the end of July, we entered August and started to go into the red. At the beginning of August, Bitcoin was dumping and came close to $111,000. At the beginning of August, it seemed that Bitcoin would dump more and could take a position at $100,000 but we saw Bitcoin go into a recovery again and went above $115,000 so now the market is back in the green. However, I think the Bitcoin market will stay in the green in August and create a new one.

[KiaKia]

August is always bearish for Bitcoin and the market in general, however the possibility that this time could be different is on the table and can't be ruled out, the last price action is upon us and many will be dissapointed because they expect price to keep going up.

Since ETF is here and institution adoption doesn't look like it's stopping they exeoct Bitcoin to keep going up and never down, this cycle will teach people that things are always the same with Bitcoin, it's volatility side can't be ruled out ever.

No amount of money can save Bitcoin from going into a bear market again after all this run is done, sooner you will start heating that a big company collapse, the closest company that can play the luna collapse again is Circle, too many red flag with that one.

[fullfitlarry]

August is always bearish for Bitcoin and the market in general, however the possibility that this time could be different is on the table and can't be ruled out, the last price action is upon us and many will be dissapointed because they expect price to keep going up.

Since ETF is here and institution adoption doesn't look like it's stopping they exeoct Bitcoin to keep going up and never down, this cycle will teach people that things are always the same with Bitcoin, it's volatility side can't be ruled out ever.

No amount of money can save Bitcoin from going into a bear market again after all this run is done, sooner you will start heating that a big company collapse, the closest company that can play the luna collapse again is Circle, too many red flag with that one.

Of course, that's how the market works, there is a bull run and then the dreaded bear market.

We have seen the pattern in the past, unless we have a super cycle then we might see 2026 as still gaining some grounds and the price continue to exists. This argument comes from a new cycle, Bitcoin getting a new all time high before the halving.

[Faazs]

So July monthly chart is looking pretty good imho.  It's up a tad over 8% and the chart looks nice.  But it looks like there was some month end shenanigans going on as some guys decided it was a good time to sell down.  It's really weird timing. 

So yeah...  What do you guys think of August?  Is it gonna be green again or will BTC take a break for a bit and close red?

In this August, based on analysis we should expect price swings as august often comes with increased volatility as a result of low trading volume, swings can be both upward and downwards. What we are all supposed to look out for are; U.S. Interest rate decisions which could affect investors risk appetite, Exchange Traded Funds approvals or inflow, Adoption news examples, banks, companies nation-states e.t.c and Regulatory clarity in major markets.

[Orpichukwu]

After the end of July, we entered August and started to go into the red. At the beginning of August, Bitcoin was dumping and came close to $111,000. At the beginning of August, it seemed that Bitcoin would dump more and could take a position at $100,000 but we saw Bitcoin go into a recovery again and went above $115,000 so now the market is back in the green. However, I think the Bitcoin market will stay in the green in August and create a new one.

Bitcoin and the way it started the month of August was very unexpected, and I also woke up this morning to meet the market in a surprising state, moving from $115k, which I last saw it at, to $122k, which was its 24-hour high, and now down to $118k, and the candle still shows signs of increase, which means we might still likely break into a new all-time high before the month comes to an end. We just have to be hopeful but not get disappointed if it don't happen.

[LogitechMouse]

Let's not forget about these years.
2013 - Bitcoin ended the month of August with a 30% increase
2017 - Bitcoin ended the month of August with an 18% increase
2021 - Bitcoin ended the month of August with a 13% increase

While past performance doesn't mean future performance, this has been consistent for 3 bull run seasons already. I'm not saying that it will happen yet again just because of what happened in the past, but for me, there's a high probability that we will end up in another green candle again for the month. "Ghost month"? F*ck off, and who cares about that superstitions? August might've been considered a weak month whatsoever, but looking at the history, the month of August during the bull run year is a bullish month. September is the "weak month" just by looking at it's past price movement.

Well, obviously I'm bullish, but I'm not expecting a double-digit percentage gain. Maybe around 5-7% for the month, and that's good already as it will push Bitcoin to new ATHs yet again.

[bbc.reporter]

@LogitechMouse. Agreed on your assessment, however, I would argue that this bull market that we are witnessing presently has been the strangest because it has very low response on good news and a high response on negative news. Also, on the higher chances that August will be higher than July during a bull market, on 2025 it might have the lowest chance of becoming higher than July.

Similar to what I have mentioned before, if all these good news and positive occurrences have happened on 2021, we can be quite certain that bitcoin might have pumped to $200k already.

[btc_angela]

@LogitechMouse. Agreed on your assessment, however, I would argue that this bull market that we are witnessing presently has been the strangest because it has very low response on good news and a high response on negative news. Also, on the higher chances that August will be higher than July during a bull market, on 2025 it might have the lowest chance of becoming higher than July.

Similar to what I have mentioned before, if all these good news and positive occurrences have happened on 2021, we can be quite certain that bitcoin might have pumped to $200k already.

It means that the market has change a lot. When institutions comes in it looks like the whole game has change. Just like in 2017 when it was the first time that we have heard about the whales entering the picture.

So it's hard to compare it right now, every bull run is very different. There are even thought that we might see a super-cycle because again, there could be some pattern change like having a new all time high before the halving. So just like you mentioned, market reacts differently now, not with positive news, but pumping hard even if there are not so good news around.

[AprilioMP]

The current ATH price formation opens up the possibility that $150,000 will be reached this year.
However, for August, with current prices, I still consider the bulls to be strong, despite a brief pause.

$122,332, which remains the 24-hour high, is a sign that the market will soon surpass $123,000.
For further technical analysis, we will look at the close on August 31st.

[tokeweed]

The poll is 9 - 8 rn with just 4 or so days to go before I lock it.  So for the guys who haven't voted yet, please do so asap.  The poll doesn't work without as much people participating as possible.

Anyway, I didn't expect it to be close.  Was thinking almost everybody would be voting for it to be another green month which looks like it's gonna be the right pick if current momentum continues...  But it's still a tad over a couple of weeks before the end of the month.  A lot of stuff could still happen.

[bbc.reporter]

@LogitechMouse. Agreed on your assessment, however, I would argue that this bull market that we are witnessing presently has been the strangest because it has very low response on good news and a high response on negative news. Also, on the higher chances that August will be higher than July during a bull market, on 2025 it might have the lowest chance of becoming higher than July.

Similar to what I have mentioned before, if all these good news and positive occurrences have happened on 2021, we can be quite certain that bitcoin might have pumped to $200k already.

It means that the market has change a lot. When institutions comes in it looks like the whole game has change. Just like in 2017 when it was the first time that we have heard about the whales entering the picture.

So it's hard to compare it right now, every bull run is very different. There are even thought that we might see a super-cycle because again, there could be some pattern change like having a new all time high before the halving. So just like you mentioned, market reacts differently now, not with positive news, but pumping hard even if there are not so good news around.

However, what is the difference? What I am saying is this market presently appears to be very skeptical on good news. On every good news there is a pump then the people begin to dump for very early taking of their profits? What is this? Do they not anymore believe in the adoption and the benefits of the cryptospace for the world? Do they value their dollars more than their cryptocoins? It is very headshaking.

[Leahized]

Bitcoin and the way it started the month of August was very unexpected, and I also woke up this morning to meet the market in a surprising state, moving from $115k, which I last saw it at, to $122k, which was its 24-hour high, and now down to $118k, and the candle still shows signs of increase, which means we might still likely break into a new all-time high before the month comes to an end. We just have to be hopeful but not get disappointed if it don't happen.

When the price of Bitcoin was 122K, I was thinking that the new Ath would form. But one day there was Side Away Market, and finally did New Ath today. However, for those who are investors for a long time, one of the most memorable days. We were all optimistic that Bitcoin would arrive at 140k in August but now I think it is not possible. Because when the price of Bitcoin reaches the top, then the price is from the first for several months. However, Bitcoin is already expected to be expected and this year Bitcoin will reach maximum 170k. If it is not exactly the expected achievement, then frustration will not continue. But sometimes Bitcoin will achieve the expected achievement.

[Ishicryptic]

After the end of July, we entered August and started to go into the red. At the beginning of August, Bitcoin was dumping and came close to $111,000. At the beginning of August, it seemed that Bitcoin would dump more and could take a position at $100,000 but we saw Bitcoin go into a recovery again and went above $115,000 so now the market is back in the green. However, I think the Bitcoin market will stay in the green in August and create a new one.

Bitcoin and the way it started the month of August was very unexpected, and I also woke up this morning to meet the market in a surprising state, moving from $115k, which I last saw it at, to $122k, which was its 24-hour high, and now down to $118k, and the candle still shows signs of increase, which means we might still likely break into a new all-time high before the month comes to an end. We just have to be hopeful but not get disappointed if it don't happen.

The back and forth that we experienced lately really cast uncertainties into many speculators analysis but that $122k actually restored hope that it's not yet over and Bitcoin can yet reach more ATH in this season. I consider August, a bullish month and I look forward to seeing it finish with a reasonable ATH to prepare us for more ATH that can target between $170k and ultimately $200k, that would be mind-blowing because it is the peak of many analysts predictions. What we need are more positive fundamentals to achieve more ATH, we will wait and see how it goes.

[STT]

6th week for BTC to attempt higher and fail to do so, again with this recent negative movement.  When its all in line like that it can be assumed to be fair resistance going forward.

I noted the higher prices but for confirmation and accuracy I think 120k is the line in the sand to note the tidal movement.   Target downside is 110k first then 97k then I would expect a break upwards again.
  First of all of course BTC isnt yet negative at all; Im merely noting the repeated failure to the upside and direction is never singular for something as serpentine and slippery as BTC in its moves.

[bhadz]

6th week for BTC to attempt higher and fail to do so, again with this recent negative movement.  

I think it didn't failed to attempt reaching a new ATH. It did and was able to hit a new ATH for $124,200. But it so happen that the profit takers are there and have been waiting for that moment. It will try to break again that price and it's not yet over until this year isn't over.

First of all of course BTC isnt yet negative at all; Im merely noting the repeated failure to the upside and direction is never singular for something as serpentine and slippery as BTC in its moves.

Well, you're right that it's not negative at all and it's still far from being negative. The 1-year chart of it if used as a basis, it's still a win for the most of us that have been holding for so long. But those that have got in, they're the ones who are more worried with how it's going lately. Especially, those who bought at the price of $120k and above but I tell them not to think about it a lot, be patient and hodl.

[Shadiq]

The back and forth that we experienced lately really cast uncertainties into many speculators analysis but that $122k actually restored hope that it's not yet over and Bitcoin can yet reach more ATH in this season. I consider August, a bullish month and I look forward to seeing it finish with a reasonable ATH to prepare us for more ATH that can target between $170k and ultimately $200k, that would be mind-blowing because it is the peak of many analysts predictions. What we need are more positive fundamentals to achieve more ATH, we will wait and see how it goes.

The market is looking very volatile right now. The market is showing big changes in just a few moments. According to previous statistics, August is not a positive month for Bitcoin. There have been very few times in August when the market has been able to turn on the green light. Although I did not expect any new ATH this month, it happened.

It is now very difficult for me to predict the month of August, as the market is seeing a lot of movement and it is on a large scale. Maybe this August we will see a big ATH or we may face a big dump.

[Odusko]

The back and forth that we experienced lately really cast uncertainties into many speculators analysis but that $122k actually restored hope that it's not yet over and Bitcoin can yet reach more ATH in this season. I consider August, a bullish month and I look forward to seeing it finish with a reasonable ATH to prepare us for more ATH that can target between $170k and ultimately $200k, that would be mind-blowing because it is the peak of many analysts predictions. What we need are more positive fundamentals to achieve more ATH, we will wait and see how it goes.

The market is looking very volatile right now. The market is showing big changes in just a few moments. According to previous statistics, August is not a positive month for Bitcoin. There have been very few times in August when the market has been able to turn on the green light. Although I did not expect any new ATH this month, it happened.

It is now very difficult for me to predict the month of August, as the market is seeing a lot of movement and it is on a large scale. Maybe this August we will see a big ATH or we may face a big dump.

August is always a month that Bitcoin build up liquidity that triggers it December market craze that have always been the event, I agree that Bitcoin used to get a bit slow in August, just like what we have seen since the beginning of this month, not that it performed badly but at least the market is a bit in a correction phase that have hold the market down for so long.

[Yaunfitda]

The back and forth that we experienced lately really cast uncertainties into many speculators analysis but that $122k actually restored hope that it's not yet over and Bitcoin can yet reach more ATH in this season. I consider August, a bullish month and I look forward to seeing it finish with a reasonable ATH to prepare us for more ATH that can target between $170k and ultimately $200k, that would be mind-blowing because it is the peak of many analysts predictions. What we need are more positive fundamentals to achieve more ATH, we will wait and see how it goes.

The market is looking very volatile right now. The market is showing big changes in just a few moments. According to previous statistics, August is not a positive month for Bitcoin. There have been very few times in August when the market has been able to turn on the green light. Although I did not expect any new ATH this month, it happened.

It is now very difficult for me to predict the month of August, as the market is seeing a lot of movement and it is on a large scale. Maybe this August we will see a big ATH or we may face a big dump.

August is always a month that Bitcoin build up liquidity that triggers it December market craze that have always been the event, I agree that Bitcoin used to get a bit slow in August, just like what we have seen since the beginning of this month, not that it performed badly but at least the market is a bit in a correction phase that have hold the market down for so long.

Yeah, but it was previously says that August is a ghost month base on the previous historical logs of Bitcoin itself. Yet, so far we are +2.x% up already. So this might be one of those instances that August might be a good month after all or we won't see a divergence in the price. Although in the last bull run in 2021, August is one of the month that we have gain so much at 13%. We are are still nowhere that numbers, and there are a lot of things that could happen in the next two weeks. We had a new all time high a few days ago, but then the price goes down although there is nothing to panic as scalpers might be selling for a new thousand bucks leading up to $124,xxx.

[tokeweed]

6th week for BTC to attempt higher and fail to do so, again with this recent negative movement.  When its all in line like that it can be assumed to be fair resistance going forward.

I noted the higher prices but for confirmation and accuracy I think 120k is the line in the sand to note the tidal movement.   Target downside is 110k first then 97k then I would expect a break upwards again.
  First of all of course BTC isnt yet negative at all; Im merely noting the repeated failure to the upside and direction is never singular for something as serpentine and slippery as BTC in its moves.

Felt like that last sell down was a stop run to wipe away late longs.  Lol.  It really felt manipulated imho.  And it wasn't something that could signal the start of a trend back down from the current range.  But that's just me, I could be wrong.

As for the down side going to 110k then to 97k...  Lol.  It doesn't look like it rn.  I wanna see it break down 115k first before we entertain those thoughts of trending down to those ranges.  Too early to be bearish.