Topic: BTC Sentiment Poll for March - page 4. (Read 1176 times)

If bitcoin surpasses $70k, it means it has made a new ATH and created a new cycle, and there will be no more resistance at $75k for bitcoin. But the scenario if bitcoin rises to $75k before halving and is dumped afterward is entirely possible. Remember what happened when ETFs were approved. While everyone expected higher gains on news of ETFs being approved, bitcoin fell to $38k before rising to $69k in recent days. I think it will happen again, when people put too much hope into the halving, market makers will make things go against what the crowd thinks.

If that will happen in March then that may seem to bring dumping in halving ?I also see that the next resistance is 75k and upon this kind of movement now then it is either we will reach another ATH before halving or wr will start falling as what the other same season happens every time Bitcoin miners halving happen that the value dumps and the recovery sometimes taken months or even a year.

Still bullish but repressed below this ATH level, 66k I would call out on 4hr bars for local significance in terms of holding high or moving to a lower range in this price action.  A move equal to the March 5th sell would be 64k which is where the weekly average is now.  Of course I had been thinking we could retrace all the way back to the 50 day average but nothing thats occurred in this month makes me think this is occurring now without first attempting higher.

If we do break 68k higher, fail to hold then you have a red flag big enough to sit up and start being nervous.   Just this amount of trading back and forth here is a idling and not important till we break this range.  Sometimes Bitcoin will go sideways without resolution for some period and patience is key to understanding and holding during that period.  Im guessing on some sell around April probably within that month or maybe after despite halvening I think that is possible but not yet is my personal take.

I am for NO , because march seems to be the decision maker in this season as the Halving is a month before to come ,
and I am positive to what will this market can bring , at least to see what will this whole march will happen.
If the price goes down to 64k again ? maybe I will consider leaving for a while knowing that dumping is to come and the halving effect is to be waited till 1 year.

^  Lol yup!  For a time there the market was looking like it's starting to show signs of a huge drop but a day later like some whale bought up all the coins that were dumped and then some then said 'nope, not today...'.  Now that could force the guys who are sidelined to buy way higher than at the price they wanted but then what usually happens when they lock everything in..?  The whales sell their bags and they guys who just bought get trapped.  :/  It's almost always the case in the these things.

So yeah...  Stay safe out there guys.

Trend continuation is the most likely outcome not reversal, thats why a trend is taken so positivly in that it will continue most of the time.  To take the opposite view and we do not find price following its established trend then we have to identify clear reasoning and a show of the price action outside normal variance.  BTC is very volatile so its hard to call a normal sell off as especially out of the ordinary.

We arent close to a reversal yet, in fact I recognize this current price action as very strong and indicating we are likely to properly make a new price beyond ATH.    The manner in which we test the boundaries of current range gives us a clue on the strength but so far Bitcoin has been strong if still volatile.

I would say that people saw the increase as "a little too much" and to be perfectly clear we did have a crash right after going above the ATH price as well. I am not saying it will keep on going down, it may or it may not I really don't know, but it is clear that we are not having anything that would be too dangerous on the side. So this made some people be a little afraid of the price, and I understand that.

I am still on the side that says it will keep going higher, I have no guarantee about this and I could be wrong and people who say it will have a correction could be right, I am just talking about what I believe will happen but that's about it, I have no other reason. I just think it will do just fine for the next few months.

Yeah most of the yes guys are probably undersized in their portfolio and only wishing for the market to correct abit so they could get in, but in my opinion its a bit too late to be expecting that and how much price correction can we be expecting at this moment, I don't see a 30% to 50% price drop happening in this up trend and the momentum of the bull seems to high to be slowed down any time soon, IMO any one that is undersized should take advantage now and still buy its not as tho we have reached the highest  point of the bull and yet we can't predict so at this point it's a 50/50 risk that the trend could fall to any side, but yet I'm don't think it would go too low for anyone that is too undersized or doesn't have much capital to take advantage of.

I also voted for for the yes, but I my case it was just expecting some corrections cause I think some early investors from 25k-35k range that invested huge might be thinking of sell and you know bitcoin is always clouded by a bit of uncertainty in what to expect so some weak hands might want to cash out now and bag the little  profit they have got, but I think everyone is quite convinced of 100k this bull run and it would be quite too early to sell at same time.


Yeah most of it it's greed and fomo but the other is just boost from the ETF and new investors coming in, many big companies are in and still buying and right now I think some huge companies are now actually in control and can cause big movements in any direction, like the recent case of Grayscale selling that caused the price to drop for almost 2 weeks early January. Infact this momentum we are having here is Currently from the big companies, I don't think retail investors like us would have given the bull this energy and momentum we are having now. And that is why we have to be more careful not to get caught in the Web of excess fomo or greed least the bear sets on us.

I know right?    I'm thinking it's no longer sentiment but what they really want to happen.  The yes guys might be sidelined, under sized and want a huge sell down so they could get in.  On the other hand we of the people who already got everything locked in and want it to go beyond all time high and be comfy. 

But looking at it now, it looks like the trend isn't slowing down anytime soon.  :/  But still a long way til end of March tho.

    No.
I don't think bitcoin will reverse before halving in April.
Looking at the  information the chart is delivering bitcoin will keep rising,more investors are in the market of which liquidity is building and bitcoin hasn't taken any liquidity.
 Let us watch the chart and see how it plays out,just hold and buy but possible correction should be in April reading from history though.
The factor that is driving the market now is greed and Fomo which will push some persons to make mistakes.

And that's what we wanted, to peak this month before the halving. But looking at the price right now, it's on a decline and probably the first time that we will see a red in 24 hours as we are blasting from $50k-$60k++ and almost broke the previous all time high. So let's see what's the market reaction here, the market is really FOMO and even is greedy. But if this is the start of the correction, then it could be dishearten some investors. Nevertheless, it could be a great time for smart one, as it's a perfect opportunity to buy again. And the question is, how deep this correction will be? Will it go down hard just like what others have predicted to like 30%? Or this is just another profit taking as the price is really too high and then those who have sold will re-buy and re-invest again?

seeing the votes are even? I think the sentiment of the forum  is divided into two.
What I wanted to hear now is that are we having corrections now?because it seems that
We have a huge pump recently and now we are dumping again so I have this in mind .

Quite interesting to see the votes are close to each other. I agree on both sides, it looks like it may do well, but it also looks like it may not do well as well. I feel like it should be something that may take some time, and we need to really make sure that we are dealing with it properly.

The price has gone up so much that, we could see the situation to be different, like maybe it will go down this month because it has already gone up so much during February. OR maybe it won't, we really don't know, maybe it will keep going higher and higher, we really have no idea which one it will be. Based on what we see, there should not be really something that could change our perspective. We have nothing but just waiting and seeing what happens.

The way Bitcoins have started this month is really impressive. All the long term holders were eagerly waiting for this moment. Bitcoins have broke the ATH price for many currencies, the USD ATH price still has to be broken by the coin. I am expecting Bitcoins will cross 75k usd sure by the end of this month if this pace is being maintained. I see more people are buying the coins and holding it. Hence, definitely the price will go more up. Let’s hope for the best.

Bitcoin price is very likely to peak in March. As the price of Bitcoin has already touched 65.6k dollars it will touch 70k by this March which will create an all-time high. Those who are still without investment in Bitcoin, participate in investing quickly. There is still plenty of opportunity to benefit, as Bitcoin will break the new 2021 record and set a new March 2024 record.

Not yet though, we haven't broken the all time high yet, although we are very close, and most likely it could be done for this month. And the timing is that if we break the previous all time high, it could be that we are in the block halving. And so if that happens then there could be parabolic rise in April and this year.

Of course, we shouldn't be that complacent, but the feeling of the market is very positive right now. Retail and institutions are pumping it very hard, but in any case there will be a reversal, I don't think it will be huge as others might have exaggerate it. Buyers will be there in this kind of movement, just like what we are seeing in the last couple of weeks. Everyone wanted to get a piece of the action.

Ah you are right, there will never be a constant uptrend or a weeks long mountain of Green candles,
we already saw a few hours ago a "correction" as some people would refer to it but I recon it was
a move to liquidate long positions by dropping to $65k or so and already we are on Green again.

But for March I think the sentiment ^{for me at least} is for predominantly Green candles,
thats like still approximately month to go before the halving. There will be questions asked closer to
the time like "is the halving priced in?" I think the answer will be definitely "YES"

It's actually why it's called a "Black Swan". We never know when it arrives, it merely arrives unannounced and it always traps 90% of us plebs. In the legacy markets, Bill Gates, Jeff Bezos, Mark Zuckerburg, and probably more of the people behind those tech giants have been selling the stocks of their own companies since December. Why? What do they know? Tin-foil hats on, the inflation print for the next few months will be an indicator if Jerome Powell will actually raise interests again. Plus the surge in the legacy and the cryptocurrency markets indicate that there's extra demand left, and everything might remain inflationary.

I don't see any traps with Bitcoin right now, what I can see is a breakout. The all-time high is the resistance and it is being broken.
So for me, once we just go pump above the current all-time high. I expect a massive run will commence.
Well, let's wait for a few days, it could be a bloody March.

These 7 voters who have voted that there will certainly be a reversal, what are the reasons? It would be very headshaking if they are voting without enough information because according to some people in social media, Coinbase is leading the pump on buying bitcoin on the prices more of than $60k. If this is Blackrock's twaps again, this pump will certainly continue higher.