BTC Sentiment Poll for September

[Doan9269]

The market seems to be supported at $77,000 while being resisted at $82,000, which shows that either side could be a major breaking point depending on the market performance for September. If we could experience more buying, then one is definitely going to go against the other, as it may present to us more bullishness, or we may experience a further fall. But with the way I'm seeing the market, everything can be pointing towards a bullish attempt for this month, and it may be coming towards the middle or end of the month.

[okorieemmanuel]

The market seems to be supported at $77,000 while being resisted at $82,000, which shows that either side could be a major breaking point depending on the market performance for September. If we could experience more buying, then one is definitely going to go against the other, as it may present to us more bullishness, or we may experience a further fall. But with the way I'm seeing the market, everything can be pointing towards a bullish attempt for this month, and it may be coming towards the middle or end of the month.

The market movers are probably not yet in the market. When "they" show up, I'm sure it will show. My fingers are crossed!!! Let's get another all time high for Bitcoin

[tokeweed]

I went for maybe.  but here is hoping for a jump to 85k soon and then 95k

and then 105k

October 85k

November 95k

Christmas 105k

New years 115k

and upwards

That would nice.  But wtf is going on rn?  I haven't checked the market for a few hours as I had some irl stuff to do but when I came back home and checked the market, BTC is at... 76.5k..?

I thought it would be sitting comfortably between 78k and 80k.  Did something happen?  Like some event the market is reacting to or is it still unknown?

[Ayers]

  Did something happen?  Like some event the market is reacting to or is it still unknown?

yeah, there is. the august PPI was just released and came in higher than expected. the market is now pricing in a 70% chance of a Fed rate hike on september 16, up from 60% yesterday. 

at the same time, the 10 year US treasury yield has risen above 4.9%, the highest level since 2023. Bitcoin, stock and gold are all down, and i wouldn't be surprised to see more corrections tomorrow when the CPI is released.


cmegroup

[drangos]

I'm voting Maybe because the August rally has re done the risk/reward equation but I don't believe that sentiment should play as much of a role as price. When you've had a run of nearly 25% monthly gains. It is very easy for the people to become bullish just because the chart looks good. The interesting part is what will happen if BTC starts to pull back and those new buyers are challenged. If there is no reversal to be found on the market that would tell us more about the quality of the trend than another green candle would. As of now I'm more interested in what I see happen with BTC once all the hype is gone.

[LUCKMCFLY]

It's a fact that the price of BTC is consolidating in the $79k–$80k range with clear signals of breaking above the $80k level. What I see happening is that every time there's an attempt to push higher, it encounters a heavy cluster of sell orders.

The momentum built by whales or buyers vanishes when they hit that walls of supply. Still, I don't think bears are in total control. For now, my sentiment for September remains bullish, provided there are no major geopolitical escalations or financial crises triggering market panic.