BTC Sentiment Poll for August

[Dr.Bitcoin_Strange]

I think, if the market was actually showing strength to go bullish, I expected that it should have broken above the previous candle of the month of June or at lead have no long wick, but it looks like selling pressure is still trying to pull down the market, we could see how bearish the candle of June went down, I was expecting the month of July to oppose previous candle so much to prove a strong bulish signal for me but it didn't happen, I just have small hope that the market will pump this month. It might go up to $70k or dip below last month low.

[Dunamisx]

Months of August is a bullish one and you can confirm on this by checking through your candles, sometimes I take much time to speculate the market and also derive something out of it, this is not because I don't want to miss out but I also want to precisely know about the market pattern for a particular period of time, those that are into trading will understand more better, there is likely possibility that we make it to $70,000 this month of August and it may advance as well down to $75,000 if there is no resistance over the market sentiments in this manner.

[cxtreenal]

It is taking a turn for the worse. The market seems to be stuck in the same place. I expected the market to rise towards the end of the second quarter of the year but it is currently at a stable level.

The price will increase but the global situation is still uncertain as there is no sign of calm in the Middle East. US forces are bombing Iran intermittently. Cargo shipping in the Strait of Hormuz is still not normal.

Time is running very slowly but I want to get the halving soon because the market is likely to reach a strong position before and after the halving. Now is the time to just buy Bitcoin and build more holdings.

[obuoma]

The bearish momentum is high which is a sign that we may see price visit the low it created during this bear run. This is contrary to the excitement we had earlier last month when it looked like the market dynamics had changed to pave way for the bulls to dominate the market. The absence of huge capital injection into the market may be one of the key reasons the market is dropping with passion. My verdict is that the decline is going to continue even throughout this month as there is no fundamental in sight that will drive the market in opposite direction.

[cryptomaniac_xxx]

Anxious, I wanted to see the bear ends, but at the end of the day, we all know that it could even last for next year. So I'm anxious as what will happen in the next couple of months as we haven't seen the deep.

Lowest low could be around $50k'ish for me, so I'm waiting for this price to happen as final capitulation. If not, then good if $57k is the lowest for this bear market. But in any case, we should still be preparing for the worst.

[yudi09]

Ok guys...  We're trying the same poll again.  I just wanna see if there are changes in sentiment compared to the one we did last month. 

July we had mostly some guys who were hopeful for a pump but seeing how weak the month closed, let's see if everybody feels the same or not.

Back in August—in fact, I even said yesterday—that the Bitcoin market was likely to be in the red, with the monthly return ending up in the red rather than the green.
I don’t have high hopes for what will happen in the Bitcoin market this August. My guess is that August won’t be any different from July, when most people were disappointed because they had high hopes for a price surge.
The price will only reach the 65k to 70k range.

[citywise2]

Bitcoin price has been fairly contained in the last month, ranging between $60K and $67K. Bitcoin price has not seen much of a surge, but whenever Bitcoin price has started to move up, selling pressure has immediately slowed down Bitcoin’s upward momentum.
So we will definitely see Bitcoin price in the $70K to $80K range this August, where we saw some upward momentum in the first day of Bitcoin price. Bitcoin price will soon move higher

I think Bitcoin will continue to range within $60k and $70k in August. Any surge over $70k would be by late September but it won't stay there because of poor fundamentals. Those selling pressures are traders taking profits and that can be expected every time Bitcoin surges up.  It will take a very strong news to break this range so while it lasts there is nothing wrong in making a few buying and selling.

[Just Say]

Last week the price of BTC tried to touch the $65K level several times but we noticed that the price of this currency could not reach that level but now there are multiple and different signals indicating that the price of this currency may fall further, in fact the downward trend is strong. Actually in July, everyone was optimistic that the price of BTC could increase, but even in the first days of August, it is seen that the upward trend of this electronic currency is very slow.

In the first week of August last year, the price of Bitcoin was above $100K, but this year it has fallen significantly, the price of Bitcoin will increase but the global situation is still uncertain. Also i noticed due to a cold card hardware wallet error, about $70 million worth of Bitcoin was stolen, which may have had a negative impact on the Bitcoin market, as a result of which the price of BTC is no longer rising.

[Marykeller]

I am not expecting something different in August. I will be doing my best to keep my guard down, to focus on what I am doing for a long time, to buy Bitcoin at discount price.

If the market gives us an uptrend or downtrend movement this August, it will all be to our gain, not otherwise. By the way, the majority of us are hoping for a bearish or bull run to happen. I sense that, it's not far from us for the market to show us what we are hopeful for long. It could this month or next

[Odusko]

Bitcoin will not increase much or fall much, it will stay sideways this month.

Clarity act does not mean anything, if they like, they should not pass the bill to Trump to sign. Bitcoin will increase when the time comes, and the altcoins will follow like how they used to follow, like shit coins that pump and dump.

I agree that bitcoin ha e a way of reacting and moving in it price, and sometimes sudden institutional sell off or government legislation doesn't have e effect on the price of Bitcoin, just like you said with the clarity act, bitcoin is still above 62k price which is a good resistance price as compared to what was speculated lately, the clarity act have been passed on to Trump for final look and with his positive comments around the law, he will definitely sign it if everything gets through with the legislative Chambers.

[Nwada001]

This month of August, with the way we ended July, I’m not panicking, nor am I expecting much to happen this new month, but I’m just more bullish this month of August than I was in July; I just feel like the market is already settling down and could make a little move this month unless one of the unexpected happens.

[Orpichukwu]

I think Bitcoin will continue to range within $60k and $70k in August. Any surge over $70k would be by late September but it won't stay there because of poor fundamentals. Those selling pressures are traders taking profits and that can be expected every time Bitcoin surges up.  It will take a very strong news to break this range so while it lasts there is nothing wrong in making a few buying and selling.

You are right; even as I’m not, I'm in panic mode. I still don’t see Bitcoin surpassing $70k this month. It has done well last month; the last interest rate hike, which wiped out billions of dollars from the stock market, did not affect it much, but this month we will need more than just some buying news for Bitcoin to break above $70k. Some serious policies which will appear favourable to Bitcoin will actually be needed.

[johnsaributua]

...

You are right; even as I’m not, I'm in panic mode. I still don’t see Bitcoin surpassing $70k this month. It has done well last month; the last interest rate hike, which wiped out billions of dollars from the stock market, did not affect it much, but this month we will need more than just some buying news for Bitcoin to break above $70k. Some serious policies which will appear favourable to Bitcoin will actually be needed.

In the past few weeks, Bitcoin's price has remained relatively calm or stable at $60,000, although there have been occasional increases to $65,000.
This means that in July, the price stability is still very suitable for accumulation for those of us who want to increase our assets for the future, especially if, as my friend said, the price will rise again at the end of September and the estimated price will reach $70,000.

This forces us to be confident in the price increase. However, in this case, we don't need to dwell on the ideas we've discussed here. Discussing this without preparing to wait for the price to reach that level will only lead to losses, as we lack preparation. At the very least, our preparation is to make a purchase while the price is still at its current level. If this actually happens, we will certainly gain a small profit from our current purchase of Bitcoin at a reasonable price, as the price hasn't yet reached the level they predicted for the end of September.

[Bd officer]

Last July I did not expect anything positive about the Bitcoin market. Because I believe that we have not yet come out of the bear market. I am not optimistic that there will be a big pump in the market until the end of this year.

I will not expect anything positive about the market this August either. I think the price of Bitcoin can fall below $60k this month. If it does not fall below $60k, then it is likely to be between $60-70k. But this is not a prediction, it is just a guess because we know that Bitcoin is unpredictable so anything can happen.

[DanWalker]

I am not expecting something different in August. I will be doing my best to keep my guard down, to focus on what I am doing for a long time, to buy Bitcoin at discount price.

If the market gives us an uptrend or downtrend movement this August, it will all be to our gain, not otherwise. By the way, the majority of us are hoping for a bearish or bull run to happen. I sense that, it's not far from us for the market to show us what we are hopeful for long. It could this month or next

I think so, too. I don't see much reason to expect too much this month or next, as the bear market doesn't seem to be over yet.
Besides, spending too much time making prediction and setting expectation only makes this phase more mentally exhausting.

Instead, this is the time to be patient, accumulating and focus on the long term. If the market drop further, we get the chance to buy at better prices. Conversely, if it recover sooner than expected, what we have already accumulated will benefit from that too.

[BRINIRHA]

Ok guys...  We're trying the same poll again.  I just wanna see if there are changes in sentiment compared to the one we did last month. 

July we had mostly some guys who were hopeful for a pump but seeing how weak the month closed, let's see if everybody feels the same or not.

I don't feel there will be any significant changes for this month if we see patterns happening like bitcoin will still remain in the $60k-$64k zone just like before and this sideways might last a little bit longer.

But for now the panic is over and some will definitely be releasing their bitcoin especially with the recent events where the panic occurred when there were so many hacking cases for coldcard so maybe this can make the temporary effect more turbulent than before.  But $50k - $60k is still very strong for now although we will be hard to predict in the future but I think waiting too long it will not be worth it and for those who are still waiting do not make any mistake to make a purchase in this area.

[coinrifft]

I voted for Some hope that it could pump.

I would just like to be positive, that's why I voted for it. I mean, we have seen the coldcard issue that could really pull the price down. But so far, nothing of that big effect to the market and this should not be the black swan even for every bear market.

So at least a good $70k in August is not that bad if there are no negative news along the way.

Being positive is a good thing but in the case of bitcoin it doesn't change anything because the market remains unpredicted. I feel it is too early for  bitcoin to get to $70k. Bitcoin price can reach $66-67 if at all their will be rise in it price. The movement for this month can still make one to be panic. This year the price of Bitcoin will move very slow.

Market will always remains unpredictable, and we don't know that one day the price will have a biggest downfall because of some negative news. Although it looks like there is a strong support along $63k.

But we can't interpret it in the long run, it could go up and down anytime soon. But since we are still in the bear market, we should know that the price is hard to increase as investors are going out and putting their money somewhere else.

[LastKiss]

Ok guys...  We're trying the same poll again.  I just wanna see if there are changes in sentiment compared to the one we did last month. 
~snip~

I still think Bitcoin will remain in the $60k–$66k range, since we dropped to $58k on July 1, which was a deviation below the range I'm expecting a deviation above the range in August. I'm also hoping that upcoming economic data will be better than expected, which could help risk assets like Bitcoin rally.

To wrap it up my sentiment is lean to optimistic in hoping Bitcoin will pump this month...

[BALIK]

Ok guys...  We're trying the same poll again.  I just wanna see if there are changes in sentiment compared to the one we did last month. 
~snip~

I still think Bitcoin will remain in the $60k–$66k range, since we dropped to $58k on July 1, which was a deviation below the range I'm expecting a deviation above the range in August. I'm also hoping that upcoming economic data will be better than expected, which could help risk assets like Bitcoin rally.

To wrap it up my sentiment is lean to optimistic in hoping Bitcoin will pump this month...

Even if the economic and geopolitical situation becomes more stable, do not expect Bitcoin to start rising right away. Because they are not the only factor driving Bitcoin's price.

I think what we are seeing now has more to do with the bear market than with macroeconomic pressure. Therefore, as long as the bear market is not over, I think it is better to prepare for different scenarios instead of expecting a rally. Or more realistically, keep your expectations low and be prepared for more downside.

[Bitcoin_people]

Ok guys...  We're trying the same poll again.  I just wanna see if there are changes in sentiment compared to the one we did last month. 

July we had mostly some guys who were hopeful for a pump but seeing how weak the month closed, let's see if everybody feels the same or not.

Here's what the chart looks like rn.  The wick at the top of last month's candle kinda sucks.

In July, most people were very worried about the price of Bitcoin, it seemed that the market would go down further, but later it stabilized a bit. The market hit its lowest point in July, although it is currently in the $64k, July was a very slow month for the Bitcoin market, due to which there was little chance of growth. However, the August chart is showing a lot of hope that the market is likely to move up. Since the market is currently showing some positive signals, the price of Bitcoin may change in August. Although the Bitcoin market is still seeing some red candles, I think the market will continue to move towards green candles by the middle of this month. I think the price of Bitcoin will exceed $70k this month and if this happens continuously, then the market will definitely start changing for the better in the following months.