^ I think we got our answer a few hours ago. Lots or traders got spooked by Russia’s military movement near the borders of Ukraine then the next day Russia went for it causing the market to sell down some more. Sucks... But it seems to look fine atm. There were short sellers that seemed to cover their positions minutes after US the session started. I guess they thought US stocks were going to nuke after gapping down at open. But no, it’s clawing its way back up.
But we’re not out of the woods yet. Level to watch is around 32.9k. If that breaks, watch July 2021 lows. Just IMHO.
Topic: BTC Sentiment Poll for Feb (Read 685 times)
^ Dunno... I mean I was hopeful but as the month passed, it’s more looking like it’s done. BTC did a strong bounce from 33k and hit local top at 44.5k - 45k twice then down again. There’s a small bounce right now but that also looks like it’s losing momentum. There’s just not enough new money coming in anymore. It’s obv not the same conditions we had as last year. But we’ll see.. I could be wrong.
Locking the thread in a couple of days.
Locking the thread in a couple of days.
Yeah, and it shows that February is not really a strong month for Bitcoin... again. We have a good bounce to $45,000 attempted to break that barrier twice but to no avail.
And as we end this month, we might be in the same position as we enter it, going $35,000 now. Seems another set of sellers are on the move. Not sure what the reason again, we have top to $38k yesterday but now it's an avalanche of selling again. Might be taking profits and then there are panic sellers.
I stopped expecting anything when market moves like this so I voted for "Dont Know" because this is the safest answer i guess.
In January i already stop pointing my mind into something high nor even in something good because i accept that fact that what 2021 brings is more than what i asked for years so this year after the Hype? will surely brings falling market.
You shouldn't ask just for this month because with this kind of situation people are very difficult to explain.
It is not explanation is what needed here but our stand to what we believe will happen this month .
In January i already stop pointing my mind into something high nor even in something good because i accept that fact that what 2021 brings is more than what i asked for years so this year after the Hype? will surely brings falling market.
I'm hoping that Bitcoin will stabilize in 33-42k range and will stay within it for the entirety of 2022 and will start slowly rising in the late 2023, preparing for the 2024 halvening. This would make the most sense in the context of bull-bear cycles tied to halvenings.
So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.
So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.
You shouldn't ask just for this month because with this kind of situation people are very difficult to explain.
^ Dunno... I mean I was hopeful but as the month passed, it’s more looking like it’s done. BTC did a strong bounce from 33k and hit local top at 44.5k - 45k twice then down again. There’s a small bounce right now but that also looks like it’s losing momentum. There’s just not enough new money coming in anymore. It’s obv not the same conditions we had as last year. But we’ll see.. I could be wrong.
Locking the thread in a couple of days.
Locking the thread in a couple of days.
I think the market is bullish again. Since the second week of February, market movements have shown that bitcoin is starting to climb up to where the bitcoin price in the past week has managed to break through the resistance level in the range of $44k. if buying action continues to increase, then it is not impossible that bitcoin will push a significant price increase to print new ATH.
$48k might be a good gauge to see if we are bullish or not. I'm still not sold on the movement, $48k-$50k for me because we may be safe for now from the bears. Yes, it's good to see that we have broken $40k barrier and went as high as $44k-$45, but the price seems to be not building momentum on this price range. Of course who doesn't want a new all time high, but it's better to take it slowly an get to $50k first.
And just as when a lot of people started to get bullish again, the trading gods decided to flip the doom switch and get BTC back down below 40k again. Such a cruel game. Not even the guy who tried to stop run the short sellers could do anything.
Can’t wait for next month. I wonder what March would bring. I hope a healthy dose of bull and a huge amount of pump. BTC is due for another one.
Edit: Oh oh! Our stop running guy is back guys! Gooooo!!!
Can’t wait for next month. I wonder what March would bring. I hope a healthy dose of bull and a huge amount of pump. BTC is due for another one.
Edit: Oh oh! Our stop running guy is back guys! Gooooo!!!
I'm hoping that Bitcoin will stabilize in 33-42k range and will stay within it for the entirety of 2022 and will start slowly rising in the late 2023, preparing for the 2024 halvening. This would make the most sense in the context of bull-bear cycles tied to halvenings.
So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.
So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.
You shouldn't ask just for this month because with this kind of situation people are very difficult to explain.
Now we are being tested again about finances so many of us are still rethinking to spend their money when the market conditions are like now.
Seeing that the current bitcoin price is still priced at $40k, I'm still sure that bitcoin is still able to maintain itself at around $40k.
Even though they keep saying that bitcoin will be halvening in the coming year but I still haven't thought about it.
he is not forcing you to answer and your shitpost does not need in this thread.
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I am not expecting any good this month so i will continue holding instead.
It can be its way to ATH but not this month and so I voted the Dead cat bounce as that is likely to happen. We have this sentiment early this year and the same scenario that we have seen, this sentiment can be in a long stay and it probably covers the entire 1st quarter of this year. I'll be wrong hopefully, but the market isn't looking good as into recovering, it pumps today and drops again in a few days. It is moving like a roller coaster by now and that is really hard to tell what next as hypes can't be possible this time.
Hey guys, just wondering what the sentiment of the regs are here in the speculation section. This isn’t a right or wrong answer by any means, I just want to know how everybody’s feeling with the market right now and what you guys think. Just pick an answer and drop a line. Thanks.
Here’s a chart... Green boxes are areas of resistance. First around 44k - 45k and another one at 50k - 51k.
Like what the voting result , it is Dead cat bounce , though i voted for I Don't Know , yet i also believe that the Dead cat bounces.Here’s a chart... Green boxes are areas of resistance. First around 44k - 45k and another one at 50k - 51k.
It's just my prediction, that currently bitcoin has started to make changes to increase but it's not maximized. if we adjust to last year's situation at the same time, bitcoin should have reached a price above $50K and currently can't reach it. so it looks like there won't be any surprises for bitcoin this month and $50K is a pretty decent price to go for.
just hope that there will be good news that can boost bitcoin for next time and we are waiting for that.
there is no happening as repeating from the past , and comparing this year to the previous(in which multiple ATH broken) is not fair , maybe in the following year? 2024 or 2025? this might happen i guess . just hope that there will be good news that can boost bitcoin for next time and we are waiting for that.
The investment concept is actually very precise what investors do, but sometimes what becomes an obstacle for ordinary people is the availability of capital, so that in a corrected condition they can't afford to buy coins, only bitcoin is the most valuable at this time, there is a reason why the correction caused them to fall, it is this correction process that actually affects bitcoin, but the correction will not last forever, so when market conditions return to the green, we can sell some existing bitcoins.
They can buy bitcoins with any amount of money and there is no limit to the amount of money they can use to buy bitcoins. If they can't buy large amounts of bitcoin, they can buy small ones and keep doing it repeatedly. The time to buy bitcoin is when the correction comes because it will affect the price of bitcoin and often, we see the price drop drastically. So if you want to buy bitcoin, make sure that the correction has come and the price can drop lower than yesterday's price. Lmao. Uh.. No. The ‘choice of words’ in the second option is a common term used in technical analysis just like ‘head and shoulders’, ‘double top’, ‘rising wedge’ and the like.
haha. yes it is a common term specially in the altcoin world referring to a shitcoin that gets pumped for no reason and has to be dumped down 90% 
That's why it is weird to use it here.
^ Kek. It’s really a common term in trading be it shitcoins or BTC. Remember BTC at Dec 2017 - Jan 2018 when it shot up to 20k then sold down to around 11k then went back up to around 17k then down again starting the bear market? Yeah that was a dead cat bounce. Same thing happened during Dec 2013 - Jan 2014. That’s why I’m asking what everybody thinks will happen this time around.
I've said my take many times, I believe we were in a reverse bubble and the rise was the correction of the "undervalued" state. And yes we are on the way to another all time high but how long it would take and what route is not clear to me yet.
^ Ok then let’s be more specific. Do you think BTC will be at all time high again this year?
Lmao. Uh.. No. The ‘choice of words’ in the second option is a common term used in technical analysis just like ‘head and shoulders’, ‘double top’, ‘rising wedge’ and the like.
haha. yes it is a common term specially in the altcoin world referring to a shitcoin that gets pumped for no reason and has to be dumped down 90% That's why it is weird to use it here.
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What’s your take on the market? You think it’s going to another all time high from here?
I've said my take many times, I believe we were in a reverse bubble and the rise was the correction of the "undervalued" state. And yes we are on the way to another all time high but how long it would take and what route is not clear to me yet. 
The price tries to push the market and break the midrange resistance around $45500, but the ongoing market isn't able to do it. As a result the price has been getting moved between $42k and $43500. Inflation in US economy, the war urge between Ukraine and Russia are stated as the reason. Maybe after certain conclusion received on this issues the market could turn bullish taking support from the 50 Moving Average.
Feb will be positive but it looks like crossing the yearly average or 50 week moving average will take most of the energy for this current month. At present we have retracted from this area and are holding a little way below, I think this is still positive but a clear path upwards is not there with so much history in the price and volume of trades done prior.
What’s your take on the market? You think it’s going to another all time high from here?
Yeah IMO I'm thinking that way that the price is going up back to ATH if you look at the volatility of this month that it is beginning to show to recover a little. A little more recovery will take price out from $43k to $50k above and that can begin the bull again. I'm hopeful for another bull to start as Russia discussing adoption of bitcoin any time soon.
Despite the fact that most people are skeptical about what is happening and expect a further decline in Bitcoin's price, I see more and more optimistic moods on the cryptocurrency market. Of course, anything can happen, but I am starting to see an improvement in the situation more and more and I believe that it is a return to the upward trend and the way to new ATH.
What’s your take on the market? You think it’s going to another all time high from here?
Yeah IMO I'm thinking that way that the price is going up back to ATH if you look at the volatility of this month that it is beginning to show to recover a little. A little more recovery will take price out from $43k to $50k above and that can begin the bull again. I'm hopeful for another bull to start as Russia discussing adoption of bitcoin any time soon.
This poll is yet another proof that people always vote for their wishes not their speculation. The choice of words in the second option ("dead cat bounce") ensures this proof, specially if you consider that many of them "missed out" on buying the dip and regret that decision.
Lmao. Uh.. No. The ‘choice of words’ in the second option is a common term used in technical analysis just like ‘head and shoulders’, ‘double top’, ‘rising wedge’ and the like. And it ‘could’ be because some guy prolly bought the bottom and thought it might be fun to start a poll and see what the sentiment in the speculation section is.
Ok... So you’re saying ‘many people missed out’ the recent bottom and ‘regret it’. What’s your take on the market? You think it’s going to another all time high from here?
If you look at the price chart in the current crypto market, the downward trend in Bitcoin prices seems to continue until the end of this month and the bitcoin price has the potential to fall again below $40k. Though the price of bitcoin had touched the price range of $ 45k in the last two days. However, the price did not last long, and currently, the bitcoin price is trading at around $42k.
However that it may come back to $40k but there is a strong retesting of that range since a week ago and that has happened like 3 times. Usually in the market if that happens in such number of times it may push away for sometime and that was the reason price moved to around 44k and 45k. It is going to be a new trading week and lets watch volatility can do.
If you look at the price chart in the current crypto market, the downward trend in Bitcoin prices seems to continue until the end of this month and the bitcoin price has the potential to fall again below $40k. Though the price of bitcoin had touched the price range of $ 45k in the last two days. However, the price did not last long, and currently, the bitcoin price is trading at around $42k.
February has started to feel less sentimental compared to last January. in february bitcoin has bounced back and although it has not been able to penetrate the second phase, the market has seen a bit of stability compared to the previous one. now bitcoin has started to hold between the price of $ 40k to $ 43k and this indicates that bitcoin has started to get new support.
Don't look at that as Bouncing back because the price does not even crossing 50k and now starts to full down again.so I think it is absorbing to take that a serious bouncing because like many speculative thread says, this may turn as Misleading and a real Bull trap.
I will take this as a momentum once the value Hit at least 55k again as the run may continue in making another ATH.
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