Topic: BTC Sentiment Poll for March - page 2. (Read 1176 times)

I would guess that looking back at 2020, which was the year for last halving, and if you look at from January to may levels, you will see that it started with an up, then went down, then went only bit of up not a lot, and stayed there for months, before ending the year with a new ATH.

I think we could "expect" a sideways market right away for months and months, before start going back up again at October to November period, and break ATH and just keep going up more and more until it peaks. That seems like the previous one, but remember, it didn't break ATH until December last time, it broke ATH during March this time, so there is a big difference between last time and this time.

You have some good points and I agree with most of them, but it is not in all of them, especially in the aspect of the reason stated to back your points up with facts that you have solid backing for them. It's true that Bitcoin could be getting harder to predict, yet, it is predictable especially if you shun the side attractions, especially online and the tradition but focus on the technical analysis and current happenings that are verifiable and impactful. They can be very useful this time and will avoid issues for the investors. Our Charts Don't Lie unless we read them wrongly.

Like you, I do not expect much from this year's halving, but the reason you have is different from mine. Your reason regarding the little left to mine is not so genuine since it was also a little left to mine in the last cycle but see what Bitcoin did? I believe the having is beyond what Satoshi meant it for with the latest happenings, it is now a tradition where people bring in money to buy Bitcoin. Whether miners have mined up to 99.99%, that tradition will not die. That's how people think and behave, they see it beyond the mere economics of scarcity that Satoshi planned for it.

Regardless, my fear now is that Bitcoin has done what it has never done before in the past cycles with the way it performed recently. I doubt if a lot would change this time.

Yeah the monthly chart tends to look that way.  But it isn't true that BTC isn't having any corrections tho.  Switch to weekly and you'll see some and there's a lot more at the daily chart.  We're having one correction right now come to think about it.  Lol.  But I get what you're saying, it does look scary. 

We prolly see our fears happen on April before the halving then up only?  What do you guys think?  I feel like it has to go down before it could go back up.

This is what I think is the highest rise in Bitcoin price right now before the halving. Because there are only 25 days left for the halving to take place, Bitcoin halving will take place in April.  If the current price of Bitcoin does not drop, investors will not have the opportunity to buy Bitcoin before the bull run begins. So now is the best time to buy Bitcoin because from here the bull market will confirm Bitcoin price to 150k dollar in 2025. But I think 73.6K dollar is the highest price increase for Bitcoin this March.

To be honest by looking at your chart on monthly candles kind of makes me nervous hahaha why it is because there is no single correction for a 6 month strike  Tho I still like it when Bitcoin reaches its new all-time high but my heart is now at fast-paced hahaha maybe at the moment the best things is to sell some of profit but not all and make those profit to buy more when there is a correction after it.

After almost 2 year hit by the bear market now the bull is trying to fight for its legacy. Long Live Bitcoin 

Yes, it's volatile and unpredictable, but it doesn't mean that we will not make our speculations on what is going to happen this month. And this is the beauty of Bitcoin I must say, everyone is very opinionated, maybe it could be wrong and others are mocking, while there are some members, respected one who shares their TA and yet we can go against them and argue.

But as far as the goes today, $65,000 is still very fine. Above this price and we will be ok entering the block halving. And as we reach new all time high prior the halving itself, who knows, this bull run is going to be another surprise to us.

When this thread opened many people said that March would be bullish and some said it would be bearish but bitcoin has thought us a lesson that it has always been teaching, I'm fucking unpredictable, no one can actually predict with accuracy the outcome of bitcoin price unless for sure there are some facts that revel such .

Yes, just surprised again to see the price going into $68,000. I didn't check much of the price, last time I checked and I'll be honest that I was shocked is when the price nose dive to $62,000. But it's obvious that recovery is on the way now and so $70,000 will be the target of the bulls at least at the end of this month.

It did lead us to $73,000 for this March, so that's all good. But if we question if we can achieved higher prices, remains to be seen. The market is still volatile as this, anything can go. We still have like 10 days to go so if we remain positive, then maybe can breach that price without problems.

57k to 73k roughly for March range and its done well in recovering today from the lows at about a monthly average roughly.    So now its back to the weekly average and slightly negative by that measure, I assume we establish a sideways range.   Eventually 50 day average will catch us up, its about 57k at the moment so that trajectory is moving us into April hence I think March doesnt lead us anywhere especially for the moment.

These just the major issue of many failure or falling if many dreams and life pursue if human, when the spirit of doubt,fear and double minded which makes man unstable enter it deminishies achievements.

The best is the allow the supreme power called faith to control everything, the faith is the first though that it will be a success that second thought saying are you sure is that doubtful spirit of failure. I don't look much on chart after drastic decision because much on it may linger to such double minded.

In March, the price of Bitcoin rose to an all-time high of 73K. Currently the greatest ever and set a new record. And from there the price has moved down to 62 now which is a pattern of the beginning of Halving. Because it will create opportunities for investors to gain success and profit if the price rises later.

^  So if it's gonna be a good year then the reversal you're expecting is not a real reversal?  A reversal means the end of the trend and it 'reverses' to an opposite trend.  :/

But yeah...  Seems like it's not over yet.  Look at the chart, switch to monthly and check out the previous candle body high.  It looks like it's gonna be immediate support folks.  It's not over yet.

Edit:

Bitcoin of wonders in the month of wonders. I have marked March and it seems to be a month of wonders. I could remember something spectacular had also happened in match last year. I voted that there will be reversal. There's no how the price will spike in such a manner and continue in upwards trend. It will have to cool off at some points and consolidate to build up again. But in general, it's gonna be a good year all through.

Something different could happen immediately after halving, just like as it did immediately after ETF approval.

I mean April seems to be a better month to expect a huge rise. It is clear that March isn't half bad in some years, but has some bad years too but April usually had good years, doesn't mean it never had bad years but it mostly didn't, it was mostly good time to invest.

So I am guessing, even though we may see a correction in march, it could also recover and go beyond at April as well. So many years when price went lower at March and yet recovered and went so much higher during April. I am not saying do this, but expecting the price to fall this month, then buy, and hold all through April, and if possible maybe even May, could make you some profit. I could also be wrong and maybe you will make a loss, there is no guarantee at all.

I understand where you're coming from and you're not wrong, but there are many other factors at play that will decide on how the market will behave. Just like the 2020 halving had x2 lesser effect than the 2016 one (in terms of block reward), but the price went x3.5 above that of the 2017 pump. The price is mainly shaped by the dynamics between the supply and demand. If there was an equilibrium at certain level, then slashing the supply even a little bit could drive the price up a lot.
Despite almost 94% of bitcoins being already mined, having 468 less bitcoins mined each day is still not trivial. And we still have psychological factors (and self-fulfilling prophecies) on top of that. I'm fairly optimistic, but yeah, anything can happen.

Yes, that's really difficult to say because the future is unpredictable. But I will no longer appreciate the halving because we have already mined more than 95% of the bitcoins and only a few percent of the bitcoins remain unmined, so I think the impact of halving is not as big as before. I feel people are relying too much on the past and it has become a habit that is difficult to change, and we always thought that the halving would help bitcoin prices increase because the supply is increasingly scarce. But we don't look back that out of 21 million bitcoins, we have mined 19 million bitcoins, leaving just over 3 million left, which is not a very large number. Everything has completely changed and we will soon have to accept and adapt to it.

so you mean the highest price of bitcoin in the current bullish period is only around $70k? that means it is only $5k above the previous ATH because the 2021 ATH is around $65k. no problem, but in my opinion the current price is still too low. I think in the current halving period bitcoin will at least reach $100k.

I've been saying the same thing. I think Bitcoin's cyclicality was largely overrated as a reliable indicator to begin with, but now when we have all that unprecedented demand from ETFs, the game has changed significantly. The pattern has already been broken, so anything can happen from here.
I think I'm sure that halving will still have a big effect on the price (either directly or as a psychological factor) but I expect we could reach the peak much sooner than before.


I think *some* correction is almost guaranteed, just by virtue of huge number of retail investors declaring their willingness to sell when the perceived top is reached. I don't think individual investors purchasing ETFs will act any different in this regard.

In my view, April could signal the onset of the halving period, potentially leading to a slight dip in the market. This dip might offer an opportunity for increased market activity post-halving. While the timing remains uncertain, we could expect heightened volatility and more frequent pump events following the halving.

I also voted "no" but the fact that bitcoin did not correct this month or will not correct soon is not because it broke history by making an ATH before the halving, it is not a signal for us to follow. In my opinion, with the money flowing into the market every day through ETFs, I think funds are continuing to want to buy more than sell. So this month or before the halving we will still see bitcoin grow and make a higher ATH.

Given what's going on, I expect the highest ATH this bull season will be $200k or more. ATH under $200k is actually a pretty modest goal for me.