Topic: BTC Sentiment Poll for January (Read 446 times)

In the beginning of the month, we have a huge jump in prices, so you can't blame those who voted and convince that we are in a bull run. And specially after the approval of the Bitcoin ETF's, we almost top $50k and we thought that it will continue it's bullishness because of that news. However, it was the opposite, maybe there is some kind of manipulation behind, maybe some big entities take advantage of the situation, liquidate their position when we hit $49k'ish and take profits, and then newbies panic when they saw this huge sell orders and follow and push the sell button as well. So we can't assume that we are in a bull run, bears will be bears, they will go and try to put pressures whenever they can to make people sells. They can easily create FUD as well to sow and manipulate public opinions and then they will take advantage of that situation again and again.

It's bull market but Bitcoin can't afford to drop more.
Because if it drops more, bears will come out again and bears can become very dangerous.
Bitcoin just needs a stable gain now and bears will be frightened again and won't attack.

I see the possibility of the correction too. The expectation of price up movement from early January to this time was that it will continue the up trend it started since last two months in the festive period but after this season it has reduced in volatility thereby affecting the price from 46k to now 42k with more possibility of further drop. I don't think this January will end in bull mode and price will keep maintaining this level until halving.

Monthly candle I rarely watch people using this timeframe

But I vote No ETF already approved but the market seems not moved at all. But as you can see on your chart bitcoin already put 3 candlesticks with big green don't you think there will be a correction after this?
In Altcoin cycle is january is the best time to buy more alt

This is just a temporary trend where many sells based on the news and once they are done, the market will recover eventually. This is actually expected once the news came out since many will take advantage of the FOMO. Now, we are in a consolidation period where Bitcoin needs to survive above the support level so we can continue this bullish trend, I’m still positive for this first quarter and I believe Bitcoin will recover stronger.

I think December was an anxious month, there were ups and downs. But in general, December turned out to be more stable than January. We all know the positive news with the Bitcoin ETF, everyone expected a huge surge in the market, but for some reason the market growth lasted one or two days. I hope this is a temporary phenomenon and January is ready for something more, and the dynamics and sentiment in the market will be better. In general, I think it’s worth the wait and we’ll see more new ATHs on the market.

Bitcoin finished high in December and the green candles were huge.  Bitcoin price has seen an upward trend, Bitcoin price has completed its high since January. In 2024, the highest Bitcoin price reached was $48,900, and the biggest factor behind Bitcoin's growth was Bitcoin ETF. Bitcoin price hit record highs because of ETF approval.

Didn't see your post before, but it's a great point and analysis prior to the ETF launches.

I think this is the main point people have missed. Much of the rally from $25K to $48K, or at least from $30K, was based on anticipation of ETF launches. Now that the ETFs have launched, and the price hasn't immediately pumped to the upside as many were expecting, price should realistically return to it's "pre-ETF hype" level of around $25K to $30K. The fact the top cam within 30 minutes of launch is very telling.


For me, ETF aside, I'll focus on the price action, with $48.5K always being a target throughout 2023 for what I consider to be a macro dead cat bounce, similar to that of 2019. That may seem overly pessimistic, but just like in 2019, people started to think we would see ATHs very soon and the like. I get that a lot of this current speculation/hype was based on ETFs, but even without them, at around $50K this is what we'd be hearing regardless imo, ignoring the need for price to consolidate considerable gains in recent months. It's about time to learn that after price pumps 60% from $30K to $49K within 3 months, it can crash just as hard if not quicker, or at minimum consolidate for many months more. Like the initial move from $15.5K to $30K in 2023, price then consolidated between $25K and $30K for 6 months before moving higher.

I think currently bitcoin is still in the rising zone even though the bad news is still there and affecting the price of bitcoin, the highest price of bitcoin almost reached 50k$ for this month, but it was broken again and fell to 41k$ I think this month is still a bull for bitcoin, but for February and March I'm still not sure.

Market has been in green for months now and I think it's a gradual price increase and having witnessed more than one bull run hence I can say this is not a bull run because the prices will increase so rapidly during the bull run. I think the bull run will start the following year post halving somewhere in 2025. But we can utilize this rally to gain profit and possible correction if any to accumulate more.

There was a deep 24-hour decline in the second week of January after the ETF was approved. That is the current market graph that can be seen.
For those who ask why there is a decline when good news such as ETF approval occurs with various assumptions circulating.
If you look at the movement of the tradingview candle chart, the market is still in good condition even though the market reaction is different when facing things that are considered good such as ETFs.

In my opinion, this January will still be beautiful when looking at the Bitcoin price chart. The long term is more beautiful.
Who knows. But I believe this is the way of the bull market.

We see some drop today and that can be related to the purchase of BlackRock of around 2.2k+ Bitcoins.

If the support is likely to stay to $40k for the entire month, I'm already okay on where it is heading. As long as that price remains as the support, I wouldn't ask for more.

But definitely, any amount is still possible as it can go lower than what we're thinking. I don't mind how high it can go for this mind but holding on to its support.

At the start of the month I would have said hell yeh, but now I've voted no based on how the week is currently panning out. Price has finally reached the 0.618 fib retracement target of $48.5K, similar to the uptrends of 2016 and 2019, and now I fear there is a long-way down to reality around $30K. Not only is this week currently looking like a doji reversal candle, the worst we've seen since October 2021, but also it's the highest selling week in over 10 months, and it's still only Friday. To me the only hope is a strong rebound to around $46K to $47K over the weekend for the week to end more neutrally.



The potential for a "buy the rumour sell the news" ETF launch event was never going to end well in my opinion. Now there are fresh ETFs looking bearish, and if Wall St do what they usually do, it'll be to wait for a 50% correction prior to dipping their toes in the water. The upside is that the halving is only 4 months away, so any correction or capitulation should be short-lived at least.

I am convinced that this first few months of the year will end on a bullish note, and it will have nothing to do with the approval of the bitcoin ETF. It is self-evident that the approval of the spot bitcoin ETF will boost the market, while its rejection will cause the price of bitcoin to fall. My predictions are based on the fact that the market ended last year on a bullish note, and the new year has continued in the same a similar way.  If the bitcoin ETF is rejected today, the market will experience a negative trend, but it will quickly recover and resume its bullish trend. This month could end on a negative trend depending on when the good or bad news of bitcoin ETF will hit the market. But will recover back in some week time.

I'm personally not very convinced too. Although it's technically a bull market, I believe there's going to be one last price crash caused by a systemic event that will pull major economies down into a recession and make stocks, real-estate, and crypto crash back down to pre-surge levels.

The Federal Reserve's "higher for longer" will be the cause of surging unemployment this year. They simply can't expect high maintained interest rates to have no negative impact in the labor market.

Actually its right time for we to accumulate our bitcoin right now because nobody knows what the price of bitcoin can yield tomorrow and I believe that bitcoin price when someone is waiting for it to increase above expectations or directly to your expectations before you can purchase and hold, bitcoin price will be fluctuating in price, I think that the best way we can invest in bitcoin and make profit of bullrun is to invest without any expectations of increment because when you have increment of bitcoin price in mind I think that you will not summon the courage to invest in bitcoin.

The fear was that for a moment there we had a period when it looked like we are not going to actually go up, which made a lot of people fear that the year would start with a big drop and that is why we ended up with a lot of trouble, but that doesn't really mean that we are going to end up with anything like that anymore. We have seen the rise which means that it is not going to be a terrible year, we are going to end up with a good year for sure.

We just need to end up with a situation where people can see that halving is a great indicator that the price would go up. If enough people believe that and trust the process, then we are going to end up with a win in over course of a long term, and should be feeling fine about it.

Now that SEC or institutions have already that involvement into this market then its true that no matter what their decisions would be then it would really be bringing out such impact on which same as you said that
peoples eyes are now focusing or really that on spotting about this decisions or to those proposals that have been submitted whether those things would be that rejected or would be approved
on which it would really be that impossible that it wont really be able to result out on such potential of dumping or prices or would really be having that significant effect.
Every year there's no way that we could really be able to know on what would happen when it comes to price movements and conditions.

Every year we do know that recognition and adoption rate is really that something different specially now that government and big institutions are now getting involved.
Yes, the inflow and outflow becomes much more bigger but the cons is that it is really that gradually becoming that centralized when it comes into that aspect.
This is why it would be always better that we should really that expect that unexpected.

Many users are looking forward to that big news from the SEC this January - the impact will be felt no matter what the decision. It's just that - the market became very bullish when the SEC approved a bitcoin ETF, while the market will catch fire for a while due to trader panic and the exit of some big whales.

Just for me - positive sentiment is expected, while it is always possible to get something opposite to what is expected. As a long-term investor - I am ready for all market consequences, other people should be too. What must be improved now is - patience and optimism for a better future.

This is a good range for bitcoin price this month. Although it started a little above 43k this but because of the festive season has slightly shifted to 43k because of the dump looking like a resistance to contend with before the end of the month. I expect some spike volatility before the month goes away with the bitcoin ETF making the news around the market.