Topic: BTC Sentiment Poll for March (Read 367 times)

Looking forward to a new poll  

It seemed like many were bearish towards the start of the month if not mistaken, as prices corrected to $20K. Not many expected price to reach $29K thereafter! I also think April will be neutral/bullish month. Either consolidation (like in February) around $30K old support level or another 10-20% to the upside. Even if we get a correction to $25K beforehand, I don't think this will change much.

This will be the first close back above the 50 Month MA since July last year, so it looks likely as a price level for bulls to defend if there is another pull-back early in the month.



I do understand the "sentiment" that with price already up +70% within three months that there should be a pull-back, but just like when price increased around 50% within two months, there was simply a 20% correction down to $20K before swift continuation to the upside. Hence, despite the already substantial increase, then I think only a 20-25% correction is that realistic, as opposed to 40-50% or more.

Also not forgetting what happened when we saw this type of momentum shift in 2019 of +70% from the lows to around $5K. It didn't stop, instead went even more parabolic  

You're right, that $28,500 is just like $25k at the end of February or early March. There is too much of that barrier that it seems we can't get over that hump. And if I'm not mistaken, it too us like 4x attempt to break the price. So could be possible for that $28k-$30k barrier and this could only be accomplished in another month or so. Just stay calm next month, for me if there is no negative news, we are going to be very bullish again and I'm seeing like $32k could be the next significant number for the month of April. And for sure, our OP will have another thread that we can discussed and then go back to see how it goes.

But it's now on the $27,800, I don't know what's with that $28,500 because once we get to that price, it will go down immediately. Maybe the resistance for traders are too big and we are not going over that price mark at the end of the month.


Yes, when we thought that it will be negative, the month turns out to be one of the best in the first 3 months. It will be January for the best month and then followed by March. And we will be very positive now this coming April and maybe, that barrier can be broken and we will go to $30k finally next month.

The month of march has almost been passed and the price of bitcoin Cross 25k$ and now it is up from 28k$. So the price of bitcoin for the month of march was very profitable and we hope they in remaining one day it will be increase but there is no guarantee that it will decrease or increase because the market has no trust for a second.

The month of march shows positive results for its holders and remain very lucky and successful month for all bitcoin holders. Estimation sometimes become difficult so we can only see the present worth but cannot say anything about future and as we see that the price is still high in the end of this month so it is hoping that it will attain greater value than current value.

It's safe to say that the guys who voted 'yes' have it.  It kinda played around the level of resistance but eventually made a clean break above 25k then went to the 27k area and it looks like it's holding above it so far...  I'm guessing April's sentiment will be super duper bullish for the month for BTC and crypto overall.  I've already thought a fun poll.

Chart just for completeness' sake.  Pretty sure you guys have been looking at the same thing.

It's gonna be a crucial few of days for BTC if we see it break above 25k as the momentum seems to be going down.  It also seems like the US market is pulling it down due to sentiment.  Dunno...  Let's see what Asian and European markets bring.  But it looks like they don't have any effect anymore unlike 2020 - 2022 somewhat.  But then again, dunno.

What do you guys think?  Back to 20k or break out 25k?  :/  That could be the new range.

I still believe something certain about prices that may not go through as previous year. Let say if it was to compared with last year price movement or even classifying Month of March to last year March wouldn't end the same. As per the price this month bitcoin will really experience blood bath and it could go deeper to $18k before first week of April.

^  I know right?  I don't know what's going on for most of the whole thing these days.  And it seems like a lot of people around these parts do...  Do they?  Lol.


Yeah..  It's def looking like it.  But one good thing to take from all the shenanigans is BTC has been very resilient even tho there was a huge sell down that went on this past week.  If something like the thing that's going on now happened last year it would for sure be a -10k move.  And that's just for the first couple of days.  There aren't that much sellers left anymore.  I know it sucks but we're all still lucky because it could be worse.  Let's hope it doesn't come to that.

Sometimes the negative things that affect bitcoin price are funny like Silvergate. I bet at least 90% of those who own any bitcoin have never even heard the name Silvergate before it went down or at least before FTX drama began. And yet we are hearing it a lot today and people seem to have panic sold their bitcoins for it

And it seems that we are moving further away from that $25k. I mean with the recent development in US, still in the proposition stage though, but it has created a lot of negative news already with regards to the 30% tax on bitcoin miners.

That $20k support though is holding up, it's fluctuating to $19,700-$20,000 right now.

But I guess March will not be good after all.

This new information was shared by @PeckShieldAlert that 49k coins of bitcoin from wallets controlled by the American government were transferred to Coinbase. It might not be a speculation anymore if someone predicts that $25k for March is impossible if these coins will be dumped.



#PeckShieldAlert 49k $BTC (worth $1 Billion) from wallets related to US Government law enforcement seizures have been transferred to #Coinbase (~9.8k $BTC, worth $217M), bc1qf2…fsv (30k $BTC) & bc1qe7…rdg (9k $BTC) #SilkRoad

Source https://mobile.twitter.com/peckshieldalert/status/1633331891347820544

Agree with a lot of these counter arguments. Excluding MtGox coins coming back onto the market (via OTC mainly I imagine), then the other factors don't automatically creating selling pressure imo. I'm also sceptical whether the release of coins over the next 6 months will create that much selling pressure, given there is currently a reasonable demand for Bitcoin between $20K and $25K.

For example with LUNA/FTX crashes, these capitulations occurred as price was already very bearish and therefore the market couldn't handle the negative news. Whereas with Silvergate, there was some immediate panic it seems but only so much to cause a -5% drop due to the current bullish uptrend it seems, rather than the -20%+ we saw with previous negative news.

As for CPI/Fed announcements, it's always the same story. We've seen bearish CPI numbers and price pumping (largely due to anticipation of bearish announcement so price had already dropped), likewise we've seen bullish CPI numbers and price not moving. But naturally most people only have the capacity to remember the relatively coincidental times were bearish CPI numbers reflected with bearish price action.

My point is, bearish news has negative affects when price is bearish, but when it's bullish, it has little to no effect. Likewise when we are in full blown bull market mode, bearish news doesn't even create a dent.

It could be, but if I may add:

1. Silvergate - I think the issue or the effect of this news has subsided already, yes it did put a dent, but not that much, we are still above $20k, $22,500 as of this writing.
2. Mt. Gox - I'm still on the fence if this will really be a big factor for this month or even for the next 6 months as it supposedly be paying out
3. CPI - For March, we will have to see, and just like the other CPI, if there is a pivot then it will be good for us, if the numbers goes up, maybe we can go down again, but it's not going to be like for a month, maybe a week and that's it, buyers be like buying again
4. FED - same with with I mentioned above, it's all about the numbers

$25k will still be the our biggest barrier that we need to break, but with the current might, it might be difficult again. So I expect some kind of sideway pattern until we have a break out run.

Personally I think there are many events that may or may not reverse the bullish trend for bitcoin to break through the major resistance at $25k, seemingly waiting for a response of
1. Silvergate
2. Mtgox
3. CPI  US February
4. FED adjusts interest rates.  
Therefore, volatility will be fast but I guess the up/down won't be much.  Therefore, I think bitcoin is likely to cross $25k for the third time this year but it will close at 23k5 in march.  Probably not

In March, the story of the payment of stolen bitcoins from the Mt Gox exchange will begin. The amount is not very big, but it's not small either - about 144k bitcoins. I think this will play a role in the fact that bitcoin might be in sideways movement in March. But if investors don't sell these coins, then I think we should see a green light. Although it's been almost a third of March and nothing good has happened.

I am still bullish on the possibility of bitcoin surpassing $25k in March. Although market history has not supported the inflow of money into bitcoin in March, bitcoin has always produced surprises. Volatility and restraining pressure from highly leveraged market makers may make bitcoin weaker but by no means lose momentum. Bitcoin has been flat for the past week and holds between $22k - 22k4$, maybe we need more observations to determine the direction bitcoin is going but Yes - I have a surprise vote in March from bitcoin.

No one could 100% ascertain what Bitcoin would do in March, but it's still bearish in its short-term disposition on some timeframes. However, the barrier level of $25k is crucial to the coin at this moment and it would be gambling in nature if anyone says such would be broken or not in March. My speculation on it on this subject is neutral.

Though I still believe that if the coin maintains a bearish tone till mid-March, it would be highly unlikely for it to break the level this month.

Its market value is more likely to roam around $22k to $25k especially if there will be no strong reason for a trend either up or downtrend. Just like the recent uprise wherein a correction suddenly increase. On my end, we may see a bullrun next year, months before the anticipated Bitcoin fork. Right now, there could be no other reason for such thing to occur. There could be factors to alter this such as legality of Bitcoin in US which is somewhat making a noise on the past few days. As we all know, there are many factors affecting the demand towarda this industry in general which makes crypto prices unpredictable. So if you can endure market dumps, investing at this point would be a good idea but if not, atleast wait for a better trend line to appear in the market before engaging into it.

To be fair most of us said the same thing for last month as well and unfortunately we were wrong, I am saying yes to this one as well, and eventually we will be right, it can't stay under 25k for far too long, it will eventually get better one day or another.

I know it is not a good thing to just focus on this, but we need to figure out a way to make a profitable approach eventually which means it will require us to be above 25k. I think this month is as likely as any other month before, and we got pretty close so far, I am sensing that it should be getting a bit closer eventually, and then surpass that level too, it shouldn't be this much of a trouble.

I feel bullish in the first and second days of march but on this 3rd day, I think that bullishness have declined a little when I read your comment because after it I also check the price and see that it was now under $23k. This is not good even though the decline isn't too much as this may still signal that we are losing the momentum that we are recently building. How many times you have made your predictions?

Maybe you only did like 2 and 3 of them but if you did it a lot of times, I am sure that some of those are correct or close to being accurate but it was great that you did not stop even if you fail before. You will soon be good at it.

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.

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.

I just hope the price doesn't go down any further and can stay at the current price. And it seems that the price is currently experiencing a slight reversal; hopefully, the price will increase again next week. Also, we are still at the beginning of March and there is still plenty of time for bitcoin to see another price increase. But we have to be prepared because there will be a lot of corrections to come in bitcoin and it is the right time to buy bitcoin again.

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.

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.

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.

$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 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.

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..

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

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.

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  ). 

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.

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.

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.

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).

The market has not yet performed so well last month but at least it beat the $20k and was able to keep the strength.
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...

We might see some corrections for this Month and I think its already happening, if we are able to hold on the price of $20k then we might survive the first quarter on a better price level.

I’m still bullish and see that candles as a good one for Bitcoin, we might not see any bottom price anymore probably we are just waiting for this correction to stop before pumping again.

I don't think it's necessary to compare prices with the last few years, but the start of the new year has given indications of a high price recovery, this year the $25k area has broken and currently the market is correcting due to the previous increase, so the $28-30k barrier will be reached on the next recovery high and price will cross $25k within this month, I believe in that prediction.

I assume $20k is the lowest support area and hopefully don't reach it, if price range doesn't drop below $23k during correction phase then most likely price will increase significantly in next few days market signal will be waiting for bull market and forecast Q1 for this year we will see prices above $30k.

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.

That's the hope now, $100k on the way.
Negative sentiment about the current market is also starting to set in so some worries are emerging among traders and holder. I don't have the best idea other than hold and hold and ignore the negative sentiment, however it is good to stay optimistic about the future. Although we can't say for sure how much it will cost in the next 1 to 2 years, but we are already prepared for the possibility.

I would agree with those saying that Bitcoin will likely rise from here.  I think this is probably the last dip to buy into before the price rises above $25K and makes a run at $30K.  Still just the beginning of this bull run which I believe probably has 2 years to run from here, but if you're a catch the bottom kind of guy you already missed it at $16K and you're about to miss your last chance to buy in below $25K.  Sure, there may be a few dips here and there but make no mistake about it, this market is headed to over $100K in the next 2 years and it's not about how cheap you can buy in, it's about how much you can buy before it happens.

The monthly candle looks very optimistic, bouncing back from support. I don't know if the market will be positive in March, but technically it all looks good to me. I hope the crypto world won't have any more big scams and we will have a smooth uptrend to halving followed by a bullish run. But I'm looking at this March positively.

Above but I think it might hover around $25000-27000 for the remainder of the month. $30000 will be the next hurdle we need to jump and I expect a few months of resistance before going on a small bull run leading into the new year. I think that is a realistic expectation but who knows positive news or negative news might propel us in another direction.

For anyone interested in that end of Feb analysis based on the monthly candle, aside from the neutral outlook and bearish/bullish factors:


To me the candle resembles more 2012 than 2017, as price was still down -85% from ATH after bouncing from the lows (-93%), as opposed to 2017 just below ATH. What followed was a +1% monthly candle lol.


Based on February close, I'm relatively neutral again now with bears & bulls failing to move prices higher or lower by the end of the month, until there is further confirmation with a price move in either direction.

There is strong bearish divergence on Daily chart that's difficult to ignore, as well as continued rejection from bearish trending 50 Week MA currently at $24K (third consecutive week now), so I do think if $23K support will break then the next level of support is around the 200 Day MA at $19.8K. But otherwise if bulls can reclaim $24K in the coming days/weeks, then breaking $25K towards $30K seems much more likely.

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.

Above. I'm short term bullish (next 2-3 months). The recovery we already had is nothing compared to amount of pain we have had before. We did not even hit a 0.236 fib lvl yet (long term from top to the bottom). There is a lot to space to go up even if its not the beginning of new bull run and we are about to see a new lower low few months after.

^  Been doing these threads since last year and I would like to continue doing them.  Thanks.

Before you post, especially about bitcoin monthly speculation, it is good to check if anyone else has posted about it, this topic is just 4 topics always from yours

Price guess for March

Dragonvslinux made a good post in the Feb sentiment thread about how BTC ended up mostly neutral with the smallest monthly gain...  But he also said that there were a couple of spots when it closed the month the same way and went on to go up the next month.

So what do you guys think?  Up above 25k USD by end of March or still below it?

Here's how monthly chart ended for Feb.