BTC Sentiment Poll for August

[Btcdeybodi]

Historically speaking, August tends to be a slaughter month, the reddest of them all, but this time around we see almost no action.
A third of the month has already past and we are +1.31% in green with no dramatic ups or downs. If we carry on like this till the end of the month, it could paradoxically it could be taken as a good sign, i.e. as an indication that we have already reached the bottom and it's a good time to start buying.

I do not believe that the bottom has been reached because September is also a red month going by historical data, what this means is that if the price of bitcoin is unable to make any bullish movement before the end of this month, September might start with the price falling below $60k which will end up creating a new bottom.

[Wind_FURY]

Historically speaking, August tends to be a slaughter month, the reddest of them all, but this time around we see almost no action.

A third of the month has already past and we are +1.31% in green with no dramatic ups or downs. If we carry on like this till the end of the month, it could paradoxically it could be taken as a good sign, i.e. as an indication that we have already reached the bottom and it's a good time to start buying.

Plus the ColdCard issue, the BIP-110 stupidity, and the Saylor selling FUD had NO massive negative effect in Bitcoin's price. We indeed might be either be AT the bottom of the current Bear Cycle, OR the next DIP will be the ACTUAL bottom of the current Bear Cycle.

Congratulations to the buyers, you had your Golden Opportunity of the Cycle.

 

[CryptoBuds]

Historically speaking, August tends to be a slaughter month, the reddest of them all, but this time around we see almost no action.
A third of the month has already past and we are +1.31% in green with no dramatic ups or downs. If we carry on like this till the end of the month, it could paradoxically it could be taken as a good sign, i.e. as an indication that we have already reached the bottom and it's a good time to start buying.

I do not believe that the bottom has been reached because September is also a red month going by historical data, what this means is that if the price of bitcoin is unable to make any bullish movement before the end of this month, September might start with the price falling below $60k which will end up creating a new bottom.

I believe Bitcoin is still heavily influenced by its 4 year cycle, but I do not put much faith in historical data based on individual month or quarter. Market is affected by different factor each time, from macroeconomics and investor sentiment to geopolitics. So I think the 4year cycle is more useful as a reference, while monthly or quarterly data is not that reliable.

However, even if we cannot know exactly where the bottom is, with Bitcoin already down around 50% from its ATH. I think this is a great time to start accumulating.

[LUCKMCFLY]

Bitcoin market is currently experiencing the same sentiment as last month and has been limited to $64k -$65k since the beginning of the month.
I was not very optimistic about the price of Bitcoin rising too much last month. My expectations for this month are also not very high. The price of Bitcoin is still in an upward trend on the last day of the first quarter of this month.

It will go through fluctuations in the second quarter and is likely to be $70k -$72k by the end of this month.

It's a very good analysis. I'm also very optimistic about BTC. For me, the premise is that if the cryptocurrency wars don't cause too much noise in August, the BTC market will gradually rise. It might even surpass the $63-$64k levels, as you mentioned, provided that institutional investment regains confidence. I'd like to see Michael Saylor, instead of selling his BTC, acquire more, because that has a positive impact.

The encouraging news gives many investors confidence, but something needs to be clarified: there can be a lot of good news, but we must wait and see what the BTC market does. If the market moves favorably, then everything will be fine, and those news predictions were indeed correct.

[STT]

Dollar up a bit and I'm reading possible upset with Yen which is an inverse to Dollar value, with some plan in the works to monetize 1tn of held Japanese held US treasuries.
   While such macro events are up in the air, uncertainty in many parts of the market makes sense.   I presume we have to act like the prior trend continues and BTC price right now is same as July 4th as its been in sideways drift, flat spin or however you view it but lots of nothing much at all for a while now.
  I presume we get more of the same till the record changes and there's a new beat.

[Odusko]

Bitcoin market is currently experiencing the same sentiment as last month and has been limited to $64k -$65k since the beginning of the month.
I was not very optimistic about the price of Bitcoin rising too much last month. My expectations for this month are also not very high. The price of Bitcoin is still in an upward trend on the last day of the first quarter of this month.

It will go through fluctuations in the second quarter and is likely to be $70k -$72k by the end of this month.

It's a very good analysis. I'm also very optimistic about BTC. For me, the premise is that if the cryptocurrency wars don't cause too much noise in August, the BTC market will gradually rise. It might even surpass the $63-$64k levels, as you mentioned, provided that institutional investment regains confidence. I'd like to see Michael Saylor, instead of selling his BTC, acquire more, because that has a positive impact.

The encouraging news gives many investors confidence, but something needs to be clarified: there can be a lot of good news, but we must wait and see what the BTC market does. If the market moves favorably, then everything will be fine, and those news predictions were indeed correct.

Institutional investors are profit chasing people and any single bitcoin they ever held is with intention of making profits from the market and not because they have any special regards or love for bitcoin as asset's, investors like Michael Saylor have seen bitcoin to be a cash cow for them profits is the key motivation to holding bitcoin, so there for so long as bitcoin price keeps improving and increasing, we are going to be seeing more of micro Strategy bitcoin getting sold off and less buying news from the company.