BTC Sentiment Poll for September

[LUCKMCFLY]

In my view, if it breaks above $81,000, the next major resistance level will be around $100,000, and I think it will start at $95,000, which was this year's high.

That's a solid view, though do you really think the price won't hit any resistance on its way to $81k or $100k? Well, I think that analysis makes a lot of sense. At one point, the price was stuck at $63k and $64k. It wouldn't budge from there, and then it jumped almost to $80k.

You can't deny that right now the price presents a great deal of uncertainty. It's a fact that things could be influenced by what happens in the world with the threats of war and all that. Institutions haven't made a significant move so far.

September is a month where things could take a turn for the better. We're already thinking about December—it's just around the corner. That might help increase demand for BTC.

[okorieemmanuel]

In my view, if it breaks above $81,000, the next major resistance level will be around $100,000, and I think it will start at $95,000, which was this year's high.

That's a solid view, though do you really think the price won't hit any resistance on its way to $81k or $100k? Well, I think that analysis makes a lot of sense. At one point, the price was stuck at $63k and $64k. It wouldn't budge from there, and then it jumped almost to $80k.

You can't deny that right now the price presents a great deal of uncertainty. It's a fact that things could be influenced by what happens in the world with the threats of war and all that. Institutions haven't made a significant move so far.

September is a month where things could take a turn for the better. We're already thinking about December—it's just around the corner. That might help increase demand for BTC.

You are right. Bitcoin is clouded by uncertainty. There are so many factors affecting price action. irrespective of this facts, Bitcoin still thrives but only a function of time. If people could be patient, their investment in Bitcoin will yield profit. But everyone prefers how quick the returns in investment increase the portfolio. So right now, the odds are quite technical here.

[STT]

BTC in a pivotal place here, 78080 or so is the weekly average.  If it can close out the daily bar above that and keep trading positively in a similar way it could be good from here.   Its waved below the 77.7k level which is a 78% Fibonacci level of the Spring peak, recovering above that is good but the ideal is gains which accumulate and repeat stair stepping higher.
   Target upside is 82850 and beyond, the ideal sequence to lead up to that is coiled energy in the BTC price action that springs upwards finally.  It doesn't seem like it's going to do that while lacking the energy and setup primed to do so.

[Dxdiax26]

You are right. Bitcoin is clouded by uncertainty. There are so many factors affecting price action. irrespective of this facts, Bitcoin still thrives but only a function of time. If people could be patient, their investment in Bitcoin will yield profit. But everyone prefers how quick the returns in investment increase the portfolio. So right now, the odds are quite technical here.

I think this aligns with your point, as Bitcoin still has the potential to grow, but it depends on time.
This time certainly has a reason for when it can increase or develop again, so our role as Bitcoin investors must be confident and patient in waiting for that time.

Portfolio growth depends solely on us. Without patience, we will inevitably be overcome with boredom as we accumulate by buying to become future assets when the market returns to its correct path, increasing as it has in previous years. Therefore, after understanding what you've said, we must have confidence in market movements and make consistent purchases.

[pooya87]

Since we are still reporting the price in dollars, it should be noted that bitcoin doesn't need to do anything to go up. Devaluation of dollar ensures bitcoin goes up against it! The recent interest rate bump to 5% on the 10 year treasury notes is a clear indication that the situation with the US dollar is deteriorating rapidly and that dump ensures price of everything goes up (from gas and diesel, to food and rent, to bitcoin price).

With fiats failing, bitcoin has only one way to go and that's UP 📈...

[tokeweed]

BTC in a pivotal place here, 78080 or so is the weekly average.  If it can close out the daily bar above that and keep trading positively in a similar way it could be good from here.   Its waved below the 77.7k level which is a 78% Fibonacci level of the Spring peak, recovering above that is good but the ideal is gains which accumulate and repeat stair stepping higher.
   Target upside is 82850 and beyond, the ideal sequence to lead up to that is coiled energy in the BTC price action that springs upwards finally.  It doesn't seem like it's going to do that while lacking the energy and setup primed to do so.

So if that's the case, who pumped BTC from 60k to a tad above 80k only to stop and possibly sell it back which could cause a trend down from where it came?

It's funny because this month I thought the no guys would be wrong but it's starting to look like they're gonna be right.  It could go down and go to a choppy sideways action for a month or two.

[avp2306]

Since we are still reporting the price in dollars, it should be noted that bitcoin doesn't need to do anything to go up. Devaluation of dollar ensures bitcoin goes up against it! The recent interest rate bump to 5% on the 10 year treasury notes is a clear indication that the situation with the US dollar is deteriorating rapidly and that dump ensures price of everything goes up (from gas and diesel, to food and rent, to bitcoin price).

With fiats failing, bitcoin has only one way to go and that's UP 📈...

Maybe this is good example to look at.

The U.S. Dollar Index reversed sharply from above 100 to around 99.12 on March 23 after President Trump announced "productive conversations" with Iran about ending the four-week-old military conflict, sending Brent crude down more than 7% in a single session. The 10-year Treasury yield eased to 4.35% by March 25, pulling back from eight-month highs above 4.4% that had been driven by war-related inflation fears. Bitcoin climbed to $71,674 on Tuesday, recovering 5% from a dip below $68,000 the day before.

That three-way move is not a coincidence. Dollar down, yields down, Bitcoin up is the pattern that has preceded every major BTC rally of the past six years, and the current macro setup is starting to look like the early stages of something traders have seen before.

That came from this source https://phemex.com/blogs/dollar-weakening-bitcoin-historical-impact

So yeah looking at those things, Bitcoin or those who support it does not need to do anything. Since Bitcoin will just eventually pump if there's something bad happen to USD. People sentiments and attention shift, since they might look or finds for good alternative currency which is out of fiat system. Then Bitcoin is perfect choice for that.

[bangjoe]

In my view, if it breaks above $81,000, the next major resistance level will be around $100,000, and I think it will start at $95,000, which was this year's high.

That's a solid view, though do you really think the price won't hit any resistance on its way to $81k or $100k? Well, I think that analysis makes a lot of sense. At one point, the price was stuck at $63k and $64k. It wouldn't budge from there, and then it jumped almost to $80k.

You can't deny that right now the price presents a great deal of uncertainty. It's a fact that things could be influenced by what happens in the world with the threats of war and all that. Institutions haven't made a significant move so far.

September is a month where things could take a turn for the better. We're already thinking about December—it's just around the corner. That might help increase demand for BTC.

If we pay attention to the market now continues to maintain its position above $75k, so far it has not changed as before at the level of $63-$64 that you mentioned we should have a very big chance for bitcoin to come out of the bear market this month, plus we will welcome octobull, a corny story but it is very important to note, because it usually gives a different sentiment to the market, although I see the potential for bearish engulfing, but I hope it's just my imagination.

If this month returns bitcoin to its strongest support at $60k, then it will only be a week and bitcoin will again experience a surge in demand from retailers and institutions, the end of the year is always pleasant except for 2022.

[pooya87]

Since we are still reporting the price in dollars, it should be noted that bitcoin doesn't need to do anything to go up. Devaluation of dollar ensures bitcoin goes up against it! The recent interest rate bump to 5% on the 10 year treasury notes is a clear indication that the situation with the US dollar is deteriorating rapidly and that dump ensures price of everything goes up (from gas and diesel, to food and rent, to bitcoin price).

With fiats failing, bitcoin has only one way to go and that's UP 📈...

Maybe this is good example to look at.

The U.S. Dollar Index reversed sharply from above 100 to around 99.12 on March 23 after President Trump announced "productive conversations" with Iran about ending the four-week-old military conflict, sending Brent crude down more than 7% in a single session. The 10-year Treasury yield eased to 4.35% by March 25, pulling back from eight-month highs above 4.4% that had been driven by war-related inflation fears. Bitcoin climbed to $71,674 on Tuesday, recovering 5% from a dip below $68,000 the day before.

That three-way move is not a coincidence. Dollar down, yields down, Bitcoin up is the pattern that has preceded every major BTC rally of the past six years, and the current macro setup is starting to look like the early stages of something traders have seen before.

That came from this source https://phemex.com/blogs/dollar-weakening-bitcoin-historical-impact

So yeah looking at those things, Bitcoin or those who support it does not need to do anything. Since Bitcoin will just eventually pump if there's something bad happen to USD. People sentiments and attention shift, since they might look or finds for good alternative currency which is out of fiat system. Then Bitcoin is perfect choice for that.

Most of that news is fake though. It is part of a series of desperate attempts by the US regime to prevent the sharp rise of oil prices and the rapid dump of the dollar. Otherwise the only "conversation" Iran has had with the terrorist US regime (read why US regime is a designated terrorist organization here) was to dictate the terms of the regime's capitulation after the powerful Armed Forces of Iran dominated the US military. Terms that the regime capitulated to but has been desperately trying not to follow.

Basically each time oil's virtual market price starts rising to reach its real value, the regime starts mass spreading this type of fake news to try and keep it down. As we can see, it's effects are diminishing and they are now incapable of keeping the price low.

BTW the reason I said bitcoin will rise when dollar dumps was not about people looking for an alternative when a fiat fails (although that is one of the reasons). My reason was simpler than that. It is inflation! When fiat dumps (ie. inflation goes up) price of everything goes up, that includes bitcoin

[LUCKMCFLY]

You are right. Bitcoin is clouded by uncertainty. There are so many factors affecting price action. irrespective of this facts, Bitcoin still thrives but only a function of time. If people could be patient, their investment in Bitcoin will yield profit. But everyone prefers how quick the returns in investment increase the portfolio. So right now, the odds are quite technical here.

For now, regardless of the uncertainty or whether the price goes down, my advice will always be to stick to a DCA strategy for BTC. It's better to stay active and not overthink potential market drops. You need to remain attentive and keep an eye on things, but you also need a clear understanding of market dynamics.

Right now, my take is that predicting what might happen is exceptionally tough because making accurate calls under the current global climate is complicated. Geopolitical threats, war concerns, and political friction between governments all exert a massive influence on the market.

[Dave1]

And with the Clarity Act failed to advance, with a vote of 49-50.

So the market looks red right now, and we are tinkering in the $75k'ish and there could be a possibility that it might go down as others might think that this is a negative news. In any case, we still have 2 weeks this September and who knows, maybe after everything has settled down, we can go back and at least be in the positive side before the end of this month.

[LUCKMCFLY]

Well, we've seen how things have played out. I agree that the price could drop a bit further, but we just have to be patient and wait. Let's not forget that there are whales and institutional players who, when the time comes, can easily absorb bearish pressure and market panic.

When analyzing the market right now, the recent dip is clearly tied to the non-approval of the Clarity Act. Still, I remain optimistic. What has been achieved so far in terms of adoption is far greater than in previous years, and little by little, the broader trend will shift toward stronger acceptance.

[okorieemmanuel]

In my view, if it breaks above $81,000, the next major resistance level will be around $100,000, and I think it will start at $95,000, which was this year's high.

That's a solid view, though do you really think the price won't hit any resistance on its way to $81k or $100k? Well, I think that analysis makes a lot of sense. At one point, the price was stuck at $63k and $64k. It wouldn't budge from there, and then it jumped almost to $80k.

You can't deny that right now the price presents a great deal of uncertainty. It's a fact that things could be influenced by what happens in the world with the threats of war and all that. Institutions haven't made a significant move so far.

September is a month where things could take a turn for the better. We're already thinking about December—it's just around the corner. That might help increase demand for BTC.

If we pay attention to the market now continues to maintain its position above $75k, so far it has not changed as before at the level of $63-$64 that you mentioned we should have a very big chance for bitcoin to come out of the bear market this month, plus we will welcome octobull, a corny story but it is very important to note, because it usually gives a different sentiment to the market, although I see the potential for bearish engulfing, but I hope it's just my imagination.

If this month returns bitcoin to its strongest support at $60k, then it will only be a week and bitcoin will again experience a surge in demand from retailers and institutions, the end of the year is always pleasant except for 2022.

The market is very technical now. The probability for a Bearish engulfing trend is now limited except if the current bullish trend fails. This trend is EXPECTED to break $83k for a BULLISH CONTINUATION PATTERN. Right now, $76k  support zone can fail again if tested. I think $97k is visible using (2:1 range value). Everything seems intact here from my perspective.

[bangjoe]

If we pay attention to the market now continues to maintain its position above $75k, so far it has not changed as before at the level of $63-$64 that you mentioned we should have a very big chance for bitcoin to come out of the bear market this month, plus we will welcome octobull, a corny story but it is very important to note, because it usually gives a different sentiment to the market, although I see the potential for bearish engulfing, but I hope it's just my imagination.

If this month returns bitcoin to its strongest support at $60k, then it will only be a week and bitcoin will again experience a surge in demand from retailers and institutions, the end of the year is always pleasant except for 2022.

The market is very technical now. The probability for a Bearish engulfing trend is now limited except if the current bullish trend fails. This trend is EXPECTED to break $83k for a BULLISH CONTINUATION PATTERN. Right now, $76k  support zone can fail again if tested. I think $97k is visible using (2:1 range value). Everything seems intact here from my perspective.

Yes that's what I expected, hopefully it fails and the market returns to the bullis trend, let alone we will welcome the month of October which we often know as octobull right? there will start a very good journey for a much better market momentum.

Take a good look at this table.



October should be green now too, because from the average of October we always have a good increase, at worst it is only -12%, and that is not something to worry about, I think this kind of narrative is still useful especially the OG I think they also still have that belief here.

[cryptomaniac_xxx]

October should be green now too, because from the average of October we always have a good increase, at worst it is only -12%, and that is not something to worry about, I think this kind of narrative is still useful especially the OG I think they also still have that belief here.

Everyone has it's own belief, like myself, I don't think that we are out of the bear market yet. And it just shows that this September, we might end up in red. As there are news that really doesn't look good to hear. Although it's not that a big deal for the market to react to it.

We are still not out of September yet, way to early to talk about October. But as far as the votes goes, it looks like majority is in the same boat with me. That we are not yet out of the bear market. But we could be just experiencing some sort of luck that really push the price in August. But September is built differently.

[sergiorus]

October should be green now too, because from the average of October we always have a good increase, at worst it is only -12%, and that is not something to worry about, I think this kind of narrative is still useful especially the OG I think they also still have that belief here.

The market has been kinda ignoring seasonality this time, so I wouldn't be surprised to see a correction in October instead, especially if we finish September in green as well (12 days left, very likely, considering the tiny correction we are in might be over). That would be three green months in a row.

Many people waited for the final flush in October. A minor correction could make those who decided to enter the market anyway to believe in it again and shake them out of their assets before the rally.

[LogitechMouse]

---

The market has been kinda ignoring seasonality this time, so I wouldn't be surprised to see a correction in October instead, especially if we finish September in green as well (12 days left, very likely, considering the tiny correction we are in might be over). That would be three green months in a row.

Many people waited for the final flush in October. A minor correction could make those who decided to enter the market anyway to believe in it again and shake them out of their assets before the rally.

With how long I already am in the crypto space, there's nothing that surprises me anymore. I'm not even surprised during the October 10th massive drop last year.

Anyway, October historically has been a green month, but looking at the past bear market years (2014, 2018 and 2022), 2 out of those 3 ended up in red candle, and in the final 3 months of those bear market years, 2 out of the 3 months ended up in red candle. What's the point? Well, looking at the history, there's a possibility that we might see a bit of a bearish Q4 and speaking of Q4, I also looked at the quarterly returns of Bitcoin during the Q4 of the bear market years, and all 3 of them ended up in red, so that adds strength to what could happen after this month.

As for what's happening this month, well it's moving sideways and the price of Bitcoin is nearing it's month-open price. I wonder what will happen in the remaining days of the month though.

[pawel7777]

Is this it? Are 4-year halving cycles officially dead? Have we entered a new paradigm where Bitcoin's price just roams free wherever it wants?

Over +6% in the last 24h without any clear reason, or am I missing something big?
I hear it could potentially be linked to somewhat positive news about the Crypto Clarity Act. Could it be that a small positive spike snowballed and we kept moving up as more and more shorts were being liquidated, adding fuel to the pump?
I don't know, but it looks like September could be green after all.

[dwyane36]

As for what's happening this month, well it's moving sideways and the price of Bitcoin is nearing it's month-open price. I wonder what will happen in the remaining days of the month though.

Whether it was last month or this one, BTC has been pleasantly surprising both traders and investors. It's worth noting that if the monthly candle in September closes above $78.5k, it will mark the third consecutive month that BTC has closed with a green candle, which is quite unusual for this time of year.

[AprilioMP]

On September 18 and 19, Bitcoin’s market price once again defied the reality of what was happening outside the market regarding legislation that failed to gain support. The Fed raised interest rates, among other developments. However, this did not cause prices to fall; instead, the price surged past $80,000, and the current market price for Bitcoin is ranging between $80,000 and $81,000, with the potential to rise above $81,000 again. This increase occurred within just a 24-hour period.