So, August seemed like it might end positively, but it really didn’t. I think that big Bitcoin whale dumping billions on Hyperliquid is what's keeping the price down. Crazy, right?
And the worst part... Dude is still selling and probably has a few billion more BTC to unload. But I guess if he finishes up, we might see BTC start climbing again.
Anyway, this month’s poll isn’t about predicting where BTC is headed but more about how you feel now after last month. Just being real here.
BTC Sentiment Survey for September
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gwei_minerSenior Member
Posts: 197 · Reputation: 966
#2Sep 6, 2019, 01:29 PM
Always knew August was going to be a drop down to a point that will make $200k ATH of 2025 (based on my prediction) to seem like a very huge one (which it is) but in the sense of consistent upward momentum from September but basically the August drop came at a point of no expectation, it took me unaware felt it would be over at $112k as bottom but went far down. It was such a moment for the OGs as they showed not much of concerns or panic but instead consistently recorded buys to stack up, which is and will be an inspiration to me always.
September please be nice !!
If they are doing that for last month, how about this new month, will they continue or they cant afford to sustain the hyperliquid and then we have the market pump back, already there have been signs that the market will continue to rise gradually and from here, we may have more of the market correction from $109,100 till we break even to pass $110,000 and more, this month will be surrounded by much of green candles than the red we ended last month with.
Ofcourse the market will rise back as normal, we expect for that, because i don't think we are done yet with the bull season.
Bullrun will continue and the market already showed the support it has given towards $108,000 and this means we cant have below this any longer for now.
The feeling I experienced with Bitcoin remained calm like water flowing into the dock.
August became the month I visited the market most often just to see graphics until in the end Bitcoin monthly returns in Coinglass.com in August ended in a red box.
The next 4 months starting from September if there is still someone who wants to sell Bitcoin, for me it is not a good choice even though I just think it is part of the trading made to get profit.
alex.shardLegendary
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#5Sep 8, 2019, 07:27 AM
I think bitcoin have gotten to all time high already. I think this month of September may just not favour the bulls. The bulls need to hold $108000 very well, if bitcoin fall below that price and not get to back to the price within 24 hours, it is possible that the price might fall more. I wish the bills to just make me wrong about this.
calmfalconSenior Member
Posts: 181 · Reputation: 966
#6Sep 8, 2019, 10:31 AM
We are just entering into the BER months where we do have different sentiment compared to rest of a year.
My speculation for the first of the BER months is, we will get back to around ATH but before that we may break and test 99k levels. So, full of balanced bear and bull trends would be the overall sentiment for this month. I am expecting the last 3 months of this year to be stronger bullish hence this September would be the base for that. Bulls will find its strength in this month for the stronger rally for the remaining months of this year.
Any month that will favour bull, you will know it from the beginning of the month for hodlers to see the sign ahead. Today be the first of September, the price of BTC has dump to $108k and nobody know how the remaining days of the month will look like, either it will dump more or it will remain in this current price through out the month of September.
I guess last month will be better than this month of September base on my observation of the bull that lasted more than two years, we should hope for bear in this month.
oracle_satoshiFull Member
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#8Sep 8, 2019, 02:11 PM
As far as I know, the whale is still holding more than 49KBTC, equivalent to 5 billion dollars, and this is still quite a lot of pressure.
In addition, we have more important macro news to pay attention to this month. Not only the crypto market, but the entire financial market is very interested in, it is CPI and the announcement of the Fed's interest rate decision. I think these are the factors that will determine the trend of bitcoin and the market this month.
According to cmegroup, 89% predict the Fed will lower interest rates this September, so I am optimistic and believe that this month will be better than August.
block_2018Senior Member
Posts: 155 · Reputation: 949
#9Sep 8, 2019, 07:44 PM
Actually, I remain optimistic that September will be bullish again, but I don't know where the market will go, whether it will be bullish or bearish.
August ended with a decline due to a lot of negative sentiment, to the point where you said that many OG Bitcoin whales were selling in large quantities. Hopefully this will subside, because I still have hope that Bitcoin will reach $150K, at least by the end of the year.
Phew! I don't know what to say anymore. I've been bullish in previous months that ultimately didn't turn out that way. And I think there will be a big rise between September and December. This would correspond to the current stage of the cycle and the high institutional demand we are seeing. But given past experience, I don't dare to venture that this month will be bullish. Therefore, I abstain from voting.
You mean the $124k is your presumed all time for the year already or the all time high for the month of September only. If it is for the year I dont agree with that but if it is for the month I strongly agree that bitcoin wouldnt create another all time high this month too. If you go back to the historical data I think the market was supposed to be actually bullish in August because every year after bull run the year has always been a Nikkis year but bitcoin didnt repeat history and we had bearish August in a bull run year for the first time.
Its September and September is the most bearish month for bitcoin and crypto market so for now I still dont think the market will break this curse most especially with the market sentiment looking more bearish than now I think it will be like this for the month of September with more of consolidation to take place because I expect the market to still respect the $102k as the primary support for now
I need you to be bearish this month probably the market might do same opposite as last month again
I'm voting bullish. Even though this month is said to be a 'Red September' for Bitcoin, I remain optimistic that Bitcoin will see a bullish run this month, fueled by investors buying back Bitcoin after waiting to enter the market, institutions continuing to push their Bitcoin investments, and positive news from the US regarding CPI and interest rates. These factors make me quite confident that Bitcoin will see a bullish run this month.
Most of us saw August as a bearish month when we made some comparison with previous price performance in the month of August and it went as we predicted and i feel the that this month of September is likely to continue in that bearish trend because had it been the price was a bit upwards today it would have given us some kind of signal towards an uptrend but however i think we are going to experience some price recovery before the end of the month but am not expecting a serious upward movement. Seems this bearish movement might run through the month of October then from November the market will start experiencing major uptrend.
This month looks like Bitcoin is going to be very bearish unless the condition of the market changes because on the daily time period, I am seeing that a fresh support level has been broken and it's looking like it want to hold and make the price go up but their is no momentum to make the price go up. This month might be bearish from what am seeing and it could dip to $100k.
Even though August was disappointing... I still feel optimistic about a bullish market.
I know how to deal with these unfulfilled expectations of a bullish market in the previous month... but I'm speculating again to reassure myself that the market will be bullish, even if not significantly... well, at least it will return to its previous ATH in the $125K range.
BasedPixelFull Member
Posts: 60 · Reputation: 439
#16Sep 11, 2019, 02:32 AM
It has always been positive when asked about our sentiments for each month. During August sentiment poll, many of us voted for Bitcoin to be bullish, some of us predicted Bitcoin possibility of hitting $130K and $150K, all that didn't happen in the month of August, now we just entered another month with similar sentiments.
I will prefer to remain calm this time around and go with whatever the market can pull up, we may say another bullish and the market begins to drop more.
I don't know, but I have this feeling where we will be seeing a different movement for Bitcoin this month of September.
If we will look at the price history of Bitcoin during the month of August in those bull run years (2013, 2017, 2021), it always ends up in a Green candle except this year where it ended up in a red candle. Bitcoin during the month of September in these bull run years always end up in a red candle, so I'm thinking what if we see a different movement this month and we might see it ending in a green candle? Also, it coincides with the decision of the FED cutting interest rates to as high as 50 basis points which is very bullish.
Like the above post said, I'm also disappointed with the price movement of Bitcoin last month. Anyway, let's see how this first month of -ber month goes.
There's a glimmer of hope this September after a disappointing August. I think if the Fed officially cuts interest rates, it will be a turning point and will make the market bullish. Previously, Jerome Powell had hinted at a rate cut in September, amid continuous pressure from President Trump.
In my opinion, that's just one of the indicators that will affect Bitcoin price movement this September. Many people are still optimistic that Bitcoin will hit a new all time high, and they believe that is very realistic. However, if major institutions or companies continue to dump, a further decline will clearly occur.
Bitcoin after ending the last month in the bearish state, I can only be honest that we may not see it ending this new month in a bullish state. The bears have really taken over the market and the most we might see is that the market remains in a consolidation state, we may not see a bullish end to this month , I doubt so.
Seeing how the bearish market is taking a longer time than expected and bitcoin not showing a much sign of recovering sooner, I am also scared to say that some part of me is already feeling that weve reached the all time high already. In as much as I dont like this to be the ATH, the market may decide to just wrap it up from here and well be heading to the bearish market anytime soon.
Well, it was bullish till mid August and then started to slowly lose value over the days. It's currently at $108,000, which isn't that bad, but I'm quite unsure on what to expect. Based on the 4-year-old cycles, from 2026 and onwards, we're supposed to enter the bear market period, thus, a big rise between September and December is quite likely just like you mentioned already. From my perspective, there's a great possibility of a new ATH, somewhere in late October to November, reaching as high as $135,000 to $140,000.
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