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Topic: BTC Sentiment Poll for April - page 4. (Read 1151 times)

hero member
Activity: 2870
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April 08, 2024, 05:44:49 AM
#55
“Buy rumors, sell news” I still believe in this saying and still believe it will be used again. I mean bitcoin will continue to rise and reach ATH this month before and after the halving. The story of halving is similar to the story of ETFs, which will be used by market makers to create attractive stories that create excitement for investors. And to be able to create excitement and Fomo in the market, pumping bitcoin is necessary, so it is certain that next week we will soon see bitcoin prices increase and some POW projects will also increase.
I don't think though that we need to create news around the block halving, historically it is the impetus for a bull run. Although it started early, we are not yet seeing the full power of the bull run this year. So we should wait for it in the next couple of weeks. And as I have said, no need to sell this news, right now the market is pumping by it's own at $72k and we might see $75k before the halving itself. Investors, whether whales and average joe as trying to accumulate as much as we can before halving. Not sure what you mean by POW projects though. But if you are referring to some old coins, obviously, Bitcoin has a trickle effect to anyone, not as big as what Bitcoin had in the last month or so, but it will have a impact later after the halving itself.
sr. member
Activity: 686
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April 08, 2024, 05:07:25 AM
#54
This is the financial market and I only believe in what I see, the movement of the market, I do not believe in stories of scarcity after halving or increased demand while supply decreased...There's nothing wrong with believing that in theory, but that's not how financial markets work.

The way to make money in the financial market is to predict which way the movement would be, isn't it? If your answer is yes, how are you going to make a profit if you don't predict right? Also, what tools do you use to predict?
You said that's not how the financial market works, so how does the financial market work?
Everything works with demand and supply, it's the factors affecting demand and supply that differ. If bitcoin price is falling, it means the demand for bitcoin is dropping. If bitcoin price is increasing, it means the demand for bitcoin is increasing. I know it's more complicated than it sounds, but that's the gist of the whole thing.

You can't predict a financial market without history. History is a big factor in speculation. If you feel they're just stories ask yourself, why does Bitcoin always have a bull run during the halving period?
The financial market is controlled by the players in that market and the players are controlled by factors. Whatever the players do with their investments, reflects on the price of bitcoin.

Comparing the run of BTC in ETF with halving is not exactly accurate. ETF is not as big as halving in the industry. Halving is something that has happened every 4 years since 2012 and each time we have seen a significant rise in the value of bitcoin. So with that history, don't you think there will be more investors and even current investors will want to buy more Bitcoin because they'll make more profit?
hero member
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April 07, 2024, 06:43:50 AM
#53
“Buy rumors, sell news” I still believe in this saying and still believe it will be used again. I mean bitcoin will continue to rise and reach ATH this month before and after the halving. The story of halving is similar to the story of ETFs, which will be used by market makers to create attractive stories that create excitement for investors. And to be able to create excitement and Fomo in the market, pumping bitcoin is necessary, so it is certain that next week we will soon see bitcoin prices increase and some POW projects will also increase.
if buy rumour and sell news holds true in this bullrun then don't expect big thing to occur when halving arrive, just like halving before probably when halving occur there will be no significant change to the price anyway, people are already buying before halving, no reason to hold off buying until halving arrive since that sounds like utterly pointless from the perspective of an investor.

but the thing that comes after is what matter from previous bullrun chart it shows that after halving the price is climbing, the sentiment is good, the market have more and more demand since halving means rarer bitcoin.
so expect for long term holding for anyone that just invested and barely make any profit, the last big bullrun might come earlier than expected though since we also achieved all time high earlier than we expected many people think previous all time high can be achieved after halving but even before halving we are already achieving it.

therefore be sure to be a diamond hand not paper hand where in every sudden price correction they make cutloss.
Do you remember what happened when ETFs were approved? When people expected a big price increase after the ETFs were approved, bitcoin was dumped and if I remember correctly, it fell from $48k to $38k over a period of time. And it takes a while for bitcoin to rally and reach a new ATH of $73K, which is the scenario I'm talking about. I believe that in the next week we will soon see the price of bitcoin increase and there will even be a new ATH before the halving but after the halving, when people continue to be greedy and expect higher prices, bitcoin will be dumped price. Not to mention the curse of May is "sell in May", so I believe that after halving there will be a significant adjustment before bitcoin enters a stronger bullish cycle.


This is the financial market and I only believe in what I see, the movement of the market, I do not believe in stories of scarcity after halving or increased demand while supply decreased...There's nothing wrong with believing that in theory, but that's not how financial markets work.
full member
Activity: 476
Merit: 141
April 06, 2024, 06:52:50 PM
#52
Sorry for getting this a tad late.  I went on a little trip and had some fun with some friends for a couple of days.  But yeah...  Here's a really easy one...  'Will BTC close above 75k this month?'.

That's like a tad under 10k from where the price is now.  But you tell me.  How do you feel about it?  I think it could cross above it easy after the halving.  But sometimes we just don't know with these things.  So let's see those votes.

Here's the monthly chart.  It looks reeeaaally good.



The month of April will see Bitcoin prices either rise the most, or fall the most. This is because Bitcoin price is more likely to rally after the halving takes place, as Bitcoin price is currently going through a period of volatility. So that was enough opportunity to invest, so I think Bitcoin price will definitely start improving from April onwards if we calculate according to the current price.
legendary
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April 06, 2024, 08:02:12 AM
#51
“Buy rumors, sell news” I still believe in this saying and still believe it will be used again. I mean bitcoin will continue to rise and reach ATH this month before and after the halving. The story of halving is similar to the story of ETFs, which will be used by market makers to create attractive stories that create excitement for investors. And to be able to create excitement and Fomo in the market, pumping bitcoin is necessary, so it is certain that next week we will soon see bitcoin prices increase and some POW projects will also increase.
if buy rumour and sell news holds true in this bullrun then don't expect big thing to occur when halving arrive, just like halving before probably when halving occur there will be no significant change to the price anyway, people are already buying before halving, no reason to hold off buying until halving arrive since that sounds like utterly pointless from the perspective of an investor.

but the thing that comes after is what matter from previous bullrun chart it shows that after halving the price is climbing, the sentiment is good, the market have more and more demand since halving means rarer bitcoin.
so expect for long term holding for anyone that just invested and barely make any profit, the last big bullrun might come earlier than expected though since we also achieved all time high earlier than we expected many people think previous all time high can be achieved after halving but even before halving we are already achieving it.

therefore be sure to be a diamond hand not paper hand where in every sudden price correction they make cutloss.
hero member
Activity: 1960
Merit: 547
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April 06, 2024, 07:37:35 AM
#50
“Buy rumors, sell news” I still believe in this saying and still believe it will be used again. I mean bitcoin will continue to rise and reach ATH this month before and after the halving. The story of halving is similar to the story of ETFs, which will be used by market makers to create attractive stories that create excitement for investors. And to be able to create excitement and Fomo in the market, pumping bitcoin is necessary, so it is certain that next week we will soon see bitcoin prices increase and some POW projects will also increase.
hero member
Activity: 2842
Merit: 772
April 06, 2024, 06:26:58 AM
#49
^^ That will be another great leap for us if we see Bitcoin getting into $75k, and if we unlock that, it's really hard to imagine what will be the bull run is going to be. We've seen threads like $190k at the top price and there are some who think that $200k is also possible.

Hopefully you are correct with that chart and prediction. Who wouldn't like to see $75k? But still depends on the whales or what retails think. I mean if we pour our money here and take advantage while we are still a couple of days from halving then good. But if we wanted to see what will happen during and post halving and see everything first then we might be stuck at this price levels.
sr. member
Activity: 364
Merit: 195
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April 05, 2024, 06:42:05 PM
#48
Sorry for getting this a tad late.  I went on a little trip and had some fun with some friends for a couple of days.  But yeah...  Here's a really easy one...  'Will BTC close above 75k this month?'.

That's like a tad under 10k from where the price is now.  But you tell me.  How do you feel about it?  I think it could cross above it easy after the halving.  But sometimes we just don't know with these things.  So let's see those votes.

Here's the monthly chart.  It looks reeeaaally good.


I voted for bitcoin to go to $75k in my poll. I believe Bitcoin will reach $75k by April. Our Bitcoin Halving is only a few days away. Probably before bitcoin halving the price of bitcoin will rise and touch $75k but after bitcoin halving the market will dump a bit. But I can't technically make predictions, so I'm not saying anything for sure here, but I'm expressing my opinion. It is best to express one's personal opinion. Let's see whose opinion and voting is correct here.
member
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April 05, 2024, 06:31:05 PM
#47
Bitcoin should have easily closed above $75K before now but the auction and selling of the illegal BTC acquired by the government and some negative news are what is causing the current bearish we're seeing in the market lately.
Nevertheless, it is just creating the chance of buying the dip before the major market break out which will be caused by the BTC halving.
legendary
Activity: 3052
Merit: 1188
April 05, 2024, 08:20:24 AM
#46
Regardless of what is happening, I still expect and believe that bitcoin will continue to increase in price before and after the halving, meaning I remain bullish this April.

In just the first 4 days of April, we witnessed a decline in bitcoin, many people began to become pessimistic and thought that the bull season would soon end. But to me, this is a healthy and necessary adjustment to create stronger growth momentum. It is not yet time for the market to fall sharply again, bitcoin will rise from here and touch $80k before a sharp decline.
I'm with you but only because I'm looking purely at the chart and I'm not considering anything else but price action.  The daily chart still looks good imho even though it hasn't been able to break above around 73.7k USD since it hit that last month.  Weekly and monthly charts look a lot better and the red candle is really looking like just another normal correction.  Again imho.

And with the news of 2 billion USD worth of BTC to be sold, shouldn't everybody start selling down their bags by now?  If anything I think it's good news for the guys who are sidelined rn.
Charts can tell a story, but the real story is that halving is coming up soon, and we should be considering the possibility of a big increase after that one. I believe that 75k+ should be possible all thanks to halving coming up, that will definitely make it more interesting and people should consider that as a great way to make money as well.

I am not saying that it is going to be all that interesting, there will be situations where it won't be that profitable, but we could make some money from it without a doubt. So that is why I am invested and will probably keep my investments as possible as it gets. Shouldn't be a problem where it is going to take some time to get ahead of the world, just let it sit for a while and it will go up.
hero member
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April 05, 2024, 08:11:15 AM
#45
If you think Bitcoin can increase by $4k to reach $70k, then you should not rule out the possibility of Bitcoin falling by $4k to reach $60k , any scenario is possible. But as investors and holders of bitcoin, we should expect that bitcoin will perform better as the halving event approaches.

I get where you're coming from but the only reason I'm so optimistic is because not only are we in a bull season, but halving is speculated to be a couple of weeks. Surely you know BTC would go higher because of the halving. That's why I said if the halving will have an immediate impact, then it would get to $75k this month, but if it won't, then I believe it will be somewhere around the $70k region. That's actually not a very ridiculous speculation, is it?  Grin

But I'm also a bit worried when everyone is optimistic and believes Bitcoin will increase because the market often goes against the majority, LOL.

Not always though. It's not every time that bitcoin goes against the majority. The majority thought spot wtf would have a positive effect on bitcoin price and it did. The majority believe the halving will have a positive effect on Bitcoin and we've already started seeing the signs.
I'm not usually this sure and optimistic about bitcoin price but recently, I've been pretty optimistic and bullish in my speculation.


To be honest , I also hope and want bitcoin to recover and go higher in price because that will give me better returns . But I won't be too subjective and will be a little more careful because as I said, the more people expect bitcoin to increase in price, the more bitcoin can go against what people think. In addition, based on the history and impact of the halving, we will only enter the bull season after 6-1year after the halving takes place , not immediately .


Yes, bitcoin is unpredictable and this is a financial market where there will be winners and losers and the number of losers is much higher so we need to be alert and not be too subjective .
legendary
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April 05, 2024, 06:21:57 AM
#44
It is highly likely that the price of Bitcoin will fall in April, as the halving period will surely give all investors an opportunity to invest if the price of Bitcoin is under the control of investors. That's why Bitcoin prices are showing signs of a bit lower at the moment, so this opportunity is definitely worth investing in. Those looking forward to the bull market of 2025 should invest now. Because the price of Bitcoin is sure to increase again and again.


There is no connection between the bitcoin correction in recent days and the halving. Not only you but many other people are also thinking that this April bitcoin will decrease, you are starting to be negative because of the correction of bitcoin in recent days for no good reason. But if you evaluate the movement of bitcoin using technical analysis and macro factors, you will see that the main trend of bitcoin and the market is still uptrend.

But you're right, the falling price of bitcoin is an opportunity for those who haven't bought too much bitcoin to buy a little cheaper. So take advantage when bitcoin prices drop and don't bargain too much because bitcoin is unpredictable.
hero member
Activity: 2632
Merit: 833
April 05, 2024, 05:29:29 AM
#43
I voted for yes since I still feel that the market is greedy and so with that kind of sentiments, they will still go and buy regardless of the price. And as we near bitcoin halving, it only make sense that we should still hoard and accumulate as much as we can in preparation for the biggest bull run that we will see in our young history. So it's not that bad to be greedy this month and just be ready. And the bulls could have just taking a momentary rest before they can make a round and push above $70k and then goes after the next biggest mental barrier of $75k before the end of the month.
sr. member
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April 05, 2024, 03:16:06 AM
#42
It is highly likely that the price of Bitcoin will fall in April, as the halving period will surely give all investors an opportunity to invest if the price of Bitcoin is under the control of investors. That's why Bitcoin prices are showing signs of a bit lower at the moment, so this opportunity is definitely worth investing in. Those looking forward to the bull market of 2025 should invest now. Because the price of Bitcoin is sure to increase again and again.
legendary
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April 05, 2024, 02:58:28 AM
#41
Regardless of what is happening, I still expect and believe that bitcoin will continue to increase in price before and after the halving, meaning I remain bullish this April.

In just the first 4 days of April, we witnessed a decline in bitcoin, many people began to become pessimistic and thought that the bull season would soon end. But to me, this is a healthy and necessary adjustment to create stronger growth momentum. It is not yet time for the market to fall sharply again, bitcoin will rise from here and touch $80k before a sharp decline.

I'm with you but only because I'm looking purely at the chart and I'm not considering anything else but price action.  The daily chart still looks good imho even though it hasn't been able to break above around 73.7k USD since it hit that last month.  Weekly and monthly charts look a lot better and the red candle is really looking like just another normal correction.  Again imho.

And with the news of 2 billion USD worth of BTC to be sold, shouldn't everybody start selling down their bags by now?  If anything I think it's good news for the guys who are sidelined rn.

I'm not very good at technical analysis but I also understand a little that there's still nothing too bad when looking at bitcoin's H4, daily, weekly... charts, but I also rely on a number of other factors. Besides the information that 2 billion BTC will be sold causing panic in the market, at the same time, for 3 consecutive days, Tether printed 3 billion USDT. This means that what is happening is just intentional FUD creation to weed out weak hands, and USDT printing to continue accumulating more BTC from larger players. If you pay attention, every time USDT is printed on the market, there will be an adjustment in the market and for me this adjustment is for someone to accumulate BTC.

And usually after they accumulate enough BTC, the market will definitely recover and increase in price very strongly. Let's wait and see: in April will see a very strong price increase, possibly even up to $85k.
hero member
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April 05, 2024, 02:19:25 AM
#40

Maybe also more than what we wanted/predicted.
It is very likely that this month there will be an increase after the halving but I don't think it will go as many people want, because at the end of last month we just saw a drastic increase and now at the beginning of April we see a slight price correction and that it is also possible to continue to occur throughout this month.
Halving in the middle of the month and after the halving does not guarantee that there will be an increase quickly so for this month I am a little pessimistic
Bitcoin is really unpredictable at the moment and investors are sort of lax, not being in a hurry to add more to their holdings and I won't blame them too. I'm still of the mind that we may be graced with a not so impressive amount this halving period. Although these halving periods have a pattern which we are currently experiencing; a substantial rally when the halving gets close, then a brief price correction before we see a major bull run, this has been characteristic of the Bitcoin halvings but what if this year, nothing impressive happens?
sr. member
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April 04, 2024, 06:31:28 PM
#39
With the market trending upward, it is difficult to predict what will happen after the halving. There is a possibility that the price could increase to around $72k or it could drop to $60k. I don't expect the halving to make a huge leap, but then again, nothing is certain when it comes to the world of cryptocurrency. To be a little honest, I still like a possible 10-15% price adjustment, but perhaps the option is less likely compared to the short-term price frame at this time.
STT
legendary
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April 04, 2024, 06:22:19 PM
#38
Market has behaved positively right upto meeting the old ATH level and the observation we have to make now is strength vs that level.  Finding the ATH price as resistance does show weakness imo because that resistance isnt a massively strong level from what I can see its just the old peak point.

The alternate is the lows near the 50 day average, Im not thinking we lose that measure and fall below the 50 day moving average but high or low its noticing how well the BTC price action deals with these levels.  Hopefully we get a definitive indication of strength and can better guess April direction, for the moment we are sideways balanced  or at least in a cycled range.

69k - 62k  in brief, I want to see a break of that boxed in price.    I cant guess (currently) on a ping pong trajectory tbh.

I very much prefer simplicity, I edit in a simple idea.   I realize we have traded outside this box but the majority of trading for over a month now has been confined here.  I'd much prefer to choose a direction or estimate a price target once we break this area either up or down.   Until we break I presume we repeat, like any trend dont bet against it is I guess for the best.

sr. member
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April 04, 2024, 05:07:14 PM
#37
I think that a time between $75k-$78k is a normal thing that can happen, however things are very confusing, I would say that a path to reach $75k at this moment is more likely than Anything, Of course this is what I see, I can only guess what can happen, but the market at any moment can give a pleasant surprise, not Everyone is waiting for the market at $100k , some are Waiting for the market to reach $95k to sell and forget, but I consider that this is a very extreme decision, it is preferable to wait for the market to rise more than $100k, which for me is something very possible, for the rest everyone can make their best prediction, but for these two months If it reaches $75k I think many will be pleased and comfortable, but that is not my amount to sell.
member
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April 04, 2024, 04:44:12 PM
#36
From my chart analysis $71k is a strong resistance zone, that price might not break, price is fluctuating within the $65k support. I would like to see price test $70k and drop to range between $60-$70k this month.

Fundamentally Buyers can decide to absorb sellers by pushing the price upward to grab liquidity before any drop in respect to halving.
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