The first week of March is extremely bloody for Bitcoin right now. But I am still positive that Bitcoin will recover from the recent dump because just like what happened in February last month first to the second week, we saw also huge dumps but after that, it followed a correction and pump upward.
So for me, as long as we are staying above $20,000, I am positive and have no worries at all.
Topic: BTC Sentiment Poll for March - page 2. (Read 458 times)
I am voting for no for this month because there is a rumor that the SEC has sent wells notices on many projects' founders telling them that they will be charged for selling and distributing illegal securities. I am not certain what projects, however, according to Bankless podcasts much of the Defi projects founded under American jurisdiction might have received wells notices.
This rumor if it becomes news, this might cause a dump on the whole cryptospace including bitcoin. I am quite aware that bitcoin cannot be charged of anything but the actions of the SEC will create fear on markets of the cryptospace.
This rumor if it becomes news, this might cause a dump on the whole cryptospace including bitcoin. I am quite aware that bitcoin cannot be charged of anything but the actions of the SEC will create fear on markets of the cryptospace.
It is difficult to predict what will happen in the coming period, but we definitely will not see levels higher than 35k and less than 19k at least, according to current data. Accordingly, the price will move in this range during the next three months, rising above 30K with a visit of 20K for several times before To continue above 30K for a while.
I estimate we'll be $22,100
$35k might be a bit tough area for bitcoin to break into over the next few months because if we look at this year bitcoin was only able to reach $25,239 as a February high and only briefly held there indicating that there wasn't enough impetus for bitcoin to rise past the highs in in february, entering march bitcoin has decreased by about 10% more than its peak price and currently the bitcoin price is in the $22k area so if with the current correction bitcoin is unable to maintain the price at $22k then there is a possibility we will see action simultaneous sale on the market.I estimate we'll be $22,100
Without the Silvergate drama, Bitcoin would've breach and surpass that $25,000 price resistance already.
I mean it already tried I think twice or thrice to go above that price, and it's on its way to go above $25,000 if not only because of the news.
I mean it already tried I think twice or thrice to go above that price, and it's on its way to go above $25,000 if not only because of the news.
So what do you guys think? Up above 25k USD by end of March or still below it?
The previous price movement of Bitcoin during the last 2 months made me change my sentiment towards Bitcoin. I expect that it will go sideways, but will not go above $25,000, but it seems like the bulls are starting to gain momentum right now. Even though we've seen Bitcoin plunged towards the $22,000 price level, I still expect Bitcoin to go above $25,000. We still have many days left for the month of March so... yeah it might still happen because after all, it already did try.The market is always like that, there will always be Fuds. Despite some Fuds about Silvergate or Signature bank or news of Mt.gox releasing bitcoin on March 10th, I still believe bitcoin can still surpass $25k this March. As far as I'm concerned, this market is still manipulated, the news is just being used to legitimize a few things, so I'm really not bothered about it.
My prediction, bitcoin will continue to pump to make people believe that bitcoin has recovered and is about to enter the bull season. When everyone makes a big Fomo, that's when bitcoin will correct. This year is still bear, so don't expect too much.
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Without the Silvergate drama, Bitcoin would've breach and surpass that $25,000 price resistance already.
I mean it already tried I think twice or thrice to go above that price, and it's on its way to go above $25,000 if not only because of the news.
I mean it already tried I think twice or thrice to go above that price, and it's on its way to go above $25,000 if not only because of the news.
So what do you guys think? Up above 25k USD by end of March or still below it?
The previous price movement of Bitcoin during the last 2 months made me change my sentiment towards Bitcoin. I expect that it will go sideways, but will not go above $25,000, but it seems like the bulls are starting to gain momentum right now. Even though we've seen Bitcoin plunged towards the $22,000 price level, I still expect Bitcoin to go above $25,000. We still have many days left for the month of March so... yeah it might still happen because after all, it already did try. 
It is difficult to predict what will happen in the coming period, but we definitely will not see levels higher than 35k and less than 19k at least, according to current data. Accordingly, the price will move in this range during the next three months, rising above 30K with a visit of 20K for several times before To continue above 30K for a while.
I estimate we'll be $22,100
$35k might be a bit tough area for bitcoin to break into over the next few months because if we look at this year bitcoin was only able to reach $25,239 as a February high and only briefly held there indicating that there wasn't enough impetus for bitcoin to rise past the highs in in february, entering march bitcoin has decreased by about 10% more than its peak price and currently the bitcoin price is in the $22k area so if with the current correction bitcoin is unable to maintain the price at $22k then there is a possibility we will see action simultaneous sale on the market. I estimate we'll be $22,100
I think that Q1, most of Q2 and maybe some of Q4 of this year are supposed to be bullish. But it's more a hunch than something based on hard facts.
Also the latest FUD attempts here and there looked more desperate than ever.
So yes, I think that March will end up positive. There's plenty of time to see the price rising again.
Also the latest FUD attempts here and there looked more desperate than ever.
So yes, I think that March will end up positive. There's plenty of time to see the price rising again.
Looking at this chart suggests some bullish intentions to come from bitcoin heading towards the most probable target of 44,000 of which a reaction will happen to mitigate any sell orders and after that price should break that barrier as the will be nothing to stop it.
But bare in mind this is the monthly chart and results could take a long time to be realized, otherwise spot on OP
.
It would be nice to have the weekly side by side with this chart for any short term buys..
But bare in mind this is the monthly chart and results could take a long time to be realized, otherwise spot on OP
.It would be nice to have the weekly side by side with this chart for any short term buys..
So overall, I take any resistance between $30K and $40K with a pinch of salt, because compared to 2019 $6K to $8K resistance level, it looks barely significant (volume wise at least).
Thank you for giving a technical view and giving a technical analysis of what you are trying to predict. I would be surprised if we went back to 30,000 levels during the year, but anything is possible.Your welcome! I guess for me 2019 took me by surprise, I wasn't expecting Bitcoin to get back to $6K levels let alone reach $14K, so trying to mentally prepare for that possibility this time around. First a foremost price needs to get above $25K, without that, I don't see any breaking of $30K to $40K towards $50K. As maybe price instead just stays between $15K and $25K for rest of the year due to MtGox coins getting released.
With all the negative stuff going on, it'd be a huge win for BTC and I'd imagine the rest of crypto if BTC trends up to 50k USD. Lots of alts could go up 3x or more against BTC.
Anyway just dropped by cos I noticed something weird... The US session at NYSE started on a high note with lots of stocks gapping up and in the green rn. Usually crypto follows huge moves like these but this time it didn't. After the recent sell down, crypto is mostly stagnant. So weird. I feel like some shenanigans is gonna to happen this weekend.
The market price in the month of march wouldn't make a significant difference from that of February as I don't expect it to go above 25k, based on support turning to resistance at around 32k above, I don't see it breaking above that resistance level this march. In other words we would be seeing some candlesticks fake outs or retesting around that 32k-36k zone then with a drop back to 24 or 23k within this month of march as the case may be. Except all things been equal a global economic situations occurs that stimulates the market.
I am not confident like I was a few days ago a lot of members on the WO topic are predicting $20000. I thought once we broke the $25000 resistance we were going to increase from there as I thought $25000 would have been a good mental block for the bears to over come but I guess I was proven wrong. I predictions do not mean much because I am always wrong but I hope we can stay around 23000/24000 at the end of the month and hopefully push the 25000 resistance again in April.
It is difficult to predict what will happen in the coming period, but we definitely will not see levels higher than 35k and less than 19k at least, according to current data. Accordingly, the price will move in this range during the next three months, rising above 30K with a visit of 20K for several times before To continue above 30K for a while.
I estimate we'll be $22,100
I estimate we'll be $22,100
The price of Bitcoin suddenly went down. The only reason why the price of Bitcoin fell today, Friday, March 3rd, according to the latest data, is Silvergate Capital Cryptocurrency, a bank. This Silvergate bank shocked the entire cryptocurrency industry. The crisis of confidence has led to a suspension of filings with the US Securities and Exchange Commission (SEC). Because of this, I think today's Bitcoin market is suddenly a step down.
Every time the price of Bitcoin starts to rise, there is a bad news. However, the possibility of Bitcoin price crossing 30k in March is very unlikely. Currently the price of Bitcoin is 22.4k dollars. But the possibility of Bitcoin price increasing is very high.
I still think the world economy is in too much of a ruin and it is affecting bitcoin market for us to see any kind of major rally, in other words smaller rises are more plausible. We also have a good signal from past months where price broke the major resistance at $20k and successfully stayed above it for this long which shows the demand for bitcoin is still there and increasing.
This is why I voted yes, I believe we can creep up above $25k and head for $30k. That is unless something majorly negative happens again.
This is why I voted yes, I believe we can creep up above $25k and head for $30k. That is unless something majorly negative happens again.
I'm one of those who voted No,
- market seems to be losing it's bullishness, we had like 4-5% slump in the last 24 hours.
- I want to be bullish, but seems to be that maybe the buyers are really pressure right now
But let's see, hope I'm wrong, (although majority of my predictions are wrong anyway
).
- market seems to be losing it's bullishness, we had like 4-5% slump in the last 24 hours.
- I want to be bullish, but seems to be that maybe the buyers are really pressure right now
But let's see, hope I'm wrong, (although majority of my predictions are wrong anyway
). 
And with that we have a minor pull back again to $22k'ish -5% in the last 24 hours.
It was reported due to the Silvergate trouble, every crypto related services are trying to distance themselves with and probably the regulatory pressures from the US itself. So let's see, it's not a massive correction, and we can still carry and break $25k this March in my opinion. The resistance though might be higher or strong because of this negative news.
It was reported due to the Silvergate trouble, every crypto related services are trying to distance themselves with and probably the regulatory pressures from the US itself. So let's see, it's not a massive correction, and we can still carry and break $25k this March in my opinion. The resistance though might be higher or strong because of this negative news.
So overall, I take any resistance between $30K and $40K with a pinch of salt, because compared to 2019 $6K to $8K resistance level, it looks barely significant (volume wise at least).
Thank you for giving a technical view and giving a technical analysis of what you are trying to predict. I would be surprised if we went back to 30,000 levels during the year, but anything is possible.Your welcome! I guess for me 2019 took me by surprise, I wasn't expecting Bitcoin to get back to $6K levels let alone reach $14K, so trying to mentally prepare for that possibility this time around. First a foremost price needs to get above $25K, without that, I don't see any breaking of $30K to $40K towards $50K. As maybe price instead just stays between $15K and $25K for rest of the year due to MtGox coins getting released.
So overall, I take any resistance between $30K and $40K with a pinch of salt, because compared to 2019 $6K to $8K resistance level, it looks barely significant (volume wise at least).
Your words make sense. Thank you for giving a technical view and giving a technical analysis of what you are trying to predict. I would be surprised if we went back to 30,000 levels during the year, but anything is possible. So while that is pretty vague, I do however think that if price can break $25K then we could easily have another +40% move to $32K, as it would confirm February candle as a consolidation/continuation doji, as opposed to a trend reversal / bullish exhaustion candle. The irony being it's too early to tell until there is confirmation in either direction imo, even if bears might have the upper hand in the short-term.
I thought that breaking the barrier at 28K would be the hardest, as it has been a bottom for a long time since the barrier of 19K was broken for the first time several years ago.In general, if this happens during the next few months, the price has not lost much if we measure it within a year.
I tend to keep the current price as it will be between 23k-24k.
I understand what you're saying about $28K as it is the start of the resistance, but this resistance (based on volume) is spread quite far between $28K and $40K it turns out.
I guess my point is price can get rejected anywhere between $28K and $40K based on volume, but if we were to take an average from this, it'd be around $34K. By comparison, there appears to be a lot more volume between around $16.5K and $24 than than $30K to $40K for example, so for me the idea that $28K will act as any meaningful resistance (if price is to reach there soon) seems quite unlikely imo.
The bullish outlook would be that there are clear skies above $25K based on volume profile, because most of the volume is just below as opposed to above. As a reminder as well, back in 2019 with price at $5K there was a lot more volume above around $6K and $8K than below around $3K to $4K, but none the less price was able to move above this resistance all the way to $14K as if the resistance was insignificant.
So overall, I take any resistance between $30K and $40K with a pinch of salt, because compared to 2019 $6K to $8K resistance level, it looks barely significant (volume wise at least).
So what do you guys think? Up above 25k USD by end of March or still below it?
I'd still not thinking this March will give us a surprising trend but probably be the same as February - it grow slowly. Well, I hope we can reach $30k before the end of 1st quarter this year and I consider it a great development of the market. Because we don't need to have a fast recovery but what we need is consistency as we still reach the $50k, $60, and more in the coming days...
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