BTC Sentiment Poll for May - page 3.

martinex

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Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

I think it will happen like the previous increase in 73K ago along with the good news about the ETF approval and a series of other news, but at the moment it is likely that BTC is still trading in the range of 60K to 67K only first and that must be attempted if it does not break I think there will be a price reversal back below 55K-53K before rising again but after this goes through the bull market will come back again.

poodle63

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Quote from: Hypnosis00 on May 04, 2024, 10:02:06 AM

The bullish momentum continues despite the unexpected huge drop the day after the halving event. The chart tells us that the majority remain optimistic and decide to stay holding rather than get tempted by the price.

What I expect this month is more on the recovery after the short drop but I don't think it able to reach far $70k. While we were surprised about the drop, some also took this as an opportunity to buy which is why the price stopped falling instead, we see it rising again now.

This month may not be the bullish month of the year but I believe, it is all gonna be positive.

month of may has always been rather negative month for bitcoin so there's no overwhelming expectation for this month to be honest, just a recovery is already suffice, it might serve as a good starting point for future bullrun if the recovery could at least get bitcoin back to around price above $65k its already good enough.
i'm expecting that this 3 months gonna be turbulent months for bitcoin in retaining its price, much more like a market trying to determine what the direction it gonna takes whether its bearish or full blown bullish we don't know for sure, the target of $100k is massive but big instutions now starting to invest big in bitcoin ETF such as the recent news about asset manager hightower buying $68m bitcoin ETF.
probably other institutional investors gonna follow if bitcoin could successfully retain its price around this turbulent month.
end of the year is where many people here seem to expect that bitcoin finally getting near $100k target.
since maybe if its right now its too early.

As-Soon-As

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The price of Bitcoin will not set records in May, breaking past records in May. Because after the halving takes place, the price of Bitcoin is usually within the reach of investors. So this time investors will buy enough bitcoins and wait to hold them until the next bull market, as an ideal investor has done in the past. When Bitcoin price was in the range of 30k to 40k dollars. So currently this May Bitcoin price will stay between 60k to 70k dollar and from next month Bitcoin price will continue to move towards the bull market.

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Look at the downward trend since April 8th and there is some hope of breaking that but its not occurred just yet. The challenge and recent high that happened today was to the 50 day average and that serves as a good proxy for progress vs wider negatives in the price I think.

Todays high of 65.6k was lost to the current price of 63k. BTC has to not only recover but also but sustain for a further 2k beyond that to really break any idea of a negative trend lingering.

We had the recent threat of a break to the downside, I dont think that threat is over even if subdued it can reappear and succeed on the next instance.

I want to see the pattern of lower highs and ever lower prices on each daily bar low to be broken. If that erratic cycle of decline is negated with pattern disrupted, we then have good evidence the negative movement is snuffed out.

It might still be the price action continues sideways and people dislike that just as much however sideways is a positive to me, these are high prices sustained and it equates to strength.

Hypnosis00

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The bullish momentum continues despite the unexpected huge drop the day after the halving event. The chart tells us that the majority remain optimistic and decide to stay holding rather than get tempted by the price.

What I expect this month is more on the recovery after the short drop but I don't think it able to reach far $70k. While we were surprised about the drop, some also took this as an opportunity to buy which is why the price stopped falling instead, we see it rising again now.

This month may not be the bullish month of the year but I believe, it is all gonna be positive.

Ambatman

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Took the last Month candle and bounced back and if it holds the new low.
Lord I pity the bear like truly pity them because $75K would be the least of their problem.
Yes with current month chart of today I believe we can
Keeping Negative news constant.
Can never be too sure when we dealing with human factors

Lida93

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Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

Here's the chart. It honestly doesn't look as bad as everybody thinks overall about the market rn.

We don't know what bitcoin price can do in the next hour or more, every speculations about the price is done out of optimism and trust we have towards the digital currency in contrast to it's past halving circle's, and the most recent significant market events like the bitcoin spot ETF.

This May if am giving my prediction it's going to base on the similar chart pattern I am seeing in the 8hrs and 24hrs candle chart. And if my hunch is right, then we might be having bitcoin price closing at most 72k this May, except for other market news happening to break past the strong resistance to close at 75k above.

Iranus

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Quote from: rodskee on May 04, 2024, 05:13:14 AM

Quote from: Doan9269 on May 03, 2024, 11:37:04 AM

The month of May might have started bearish but that doesn't mean its the same way its going to end like that, just as we already have now, we are seeing the market moving ahead more bullish and we already achieved the $62,000 market price today with bitcoin and we are still hoping to see more of bull the more as the market continues, there will be a time that there will be more continuous bull run on a stretch without any resistance against it, so i will go for being more bullish all through this month.

it is correct that we started the May with bearish price but looking into this now? as we crossed
63k again and we are seeing stronger movement now ,I believe that we are having a good chance this
May hitting 75k.

We need more reasons and more positive news to appear in the market before we can expect that bitcoin can continue to grow this month. Otherwise, bitcoin's correction will continue. The market is unpredictable and extremely unpredictable, bitcoin increased to $63k because of some recent macro news, but that does not mean that it will continue to increase in the following days of the month.

I think those who are long-term investors should ignore this short-term prediction, but if you are a trader, you need to observe bitcoin's developments more to come up with your own plan. Instead of expecting bitcoin to increase in price without solid data.

rodskee

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Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

Here's the chart. It honestly doesn't look as bad as everybody thinks overall about the market rn.

Im still looking for something that will make me believe that we will be crossing 75k and above this year
because the way I see the market is still in crazy movement that makes us believe that we are not stopping
here in ups and downs .

Quote from: Doan9269 on May 03, 2024, 11:37:04 AM

The month of May might have started bearish but that doesn't mean its the same way its going to end like that, just as we already have now, we are seeing the market moving ahead more bullish and we already achieved the $62,000 market price today with bitcoin and we are still hoping to see more of bull the more as the market continues, there will be a time that there will be more continuous bull run on a stretch without any resistance against it, so i will go for being more bullish all through this month.

it is correct that we started the May with bearish price but looking into this now? as we crossed
63k again and we are seeing stronger movement now ,I believe that we are having a good chance this
May hitting 75k.

Wind_FURY

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Quote from: yudi09 on May 03, 2024, 09:38:18 AM

Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

But now the market is showing signs that it is making good progress. I mean, the market won't be as bad as it was in April although we can't guess where it will go. Had time to check the price chart, I saw the chart starting to return above $60k and now the price is starting to prepare for $62k.

If people still think post-halving prices will increase, most will assume it won't happen in May and I'm also not so sure I can close above $75k, but this isn't all about bearish or bullish.

OK, but if the people start to think that post-halving prices will NOT increase, then many people will assume that it WILL happen? But will the people's assumptions = actual price surge, or a price DIP?

¯\_(ツ)_/¯

I believe plebs' assumptions = opposite of actual assumption, therefore I want more NO votes than YES votes.

aylabadia05

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Still looking for strong price support to reach prices above $75k. If within 2 weeks $62k becomes a strong support price, I think the Bitcoin price at the end of May will be good which can reach above $70k as has happened this year.
By the way, I haven't given you a choice yet.

Quote from: btc_angela on May 02, 2024, 04:27:43 PM

Currently, the price is having a hard time getting back to $60k. I think that will be the aim for this not look at $70k'ish++. Just go and conquer our previous support line and maybe next month it will be different.

It is still too early to say it will not be able to because we can see the price of Bitcoin which has reached $62,179 as the highest price in a 1 hour period.

Doan9269

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The month of May might have started bearish but that doesn't mean its the same way its going to end like that, just as we already have now, we are seeing the market moving ahead more bullish and we already achieved the $62,000 market price today with bitcoin and we are still hoping to see more of bull the more as the market continues, there will be a time that there will be more continuous bull run on a stretch without any resistance against it, so i will go for being more bullish all through this month.

fuguebtc

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Quote from: Kelward on May 03, 2024, 08:01:22 AM

Quote from: fuguebtc on May 02, 2024, 11:03:05 AM

Almost every prediction about April was wrong because people were too optimistic about the halving and this time I believe people will start to get scared and lower their expectations instead of remaining bullish about the price increase this month. Personally, I don't believe in what the charts show because not only can we do technical analysis but market makers, whales can even create such things. I think how bitcoin will move is entirely dependent on crowd psychology.
If the crowd continues to be bullish, bitcoin's recovery and growth won't happen anytime soon, but if the crowd gradually starts to get scared and stops being bullish, that's when bitcoin will skyrocket.

People were really bullish about Bitcoin price speculation for the month of April, because they were thinking that the post halving will affect price positively, especially the newbies, but we're currently withnessing the opposite, this current dip will not give them the optimism to perhaps aim for anything close to seeing a price surge of up to $75k. I wouldn't speculate to seeing a price surge to that amount, but then this is the crypto market, it's the demand and supply of Bitcoin that'll make the final decision. We're entering bull season so I'm optimistic about price surge but I don't think that it'll start this month.

If you took the poll the OP created in April, you would have realized that not only the newbies but also the old ones were very optimistic and confident about the bull market in april. Don't just blame the newbies, most of us predicted the market wrong in the past month.

For me, in the market there are not only retail investors like us but also funds, whales, sharks, market makers...So whether people are optimistic or pessimistic will not determine the market's trend. Another thing you need to know is that the crowd is very fickle, just one pump will make everyone optimistic again and forget all the previous negativity. So just because people are no longer optimistic doesn't mean bitcoin won't increase in price. Similarly, everyone's optimism did not cause bitcoin to increase in price in April. I still believe and hope bitcoin will rise again this may, even though everyone is becoming pessimistic including you.

bangjoe

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Quote from: AbuBhakar on May 02, 2024, 08:53:59 AM

Looking at the chart you provided. It more on bearish sentiment since there’s already red candle form for the time frame(monthly time frame?) you are using after a consecutive green candle.

If you check the previous candlestick pattern on your same chart shows that Bitcoin will took multiple red candle before it will continue again the uptrend movement once the price find a strong support for the month.

I’m speculating that the price will be sideways from 49K to 60K for this month.

Yes that's right I also see it like that in the monthly time frame, it's indeed a confirmation that we're going to a bearish market if we look at it from there after we saw consecutive rises before, maybe May will also follow to do a decline in price red again, and support is seen at $45k from this side, Still, the daily and monthly candles show that we have a wall at $52k and $45k which is quite strong after the support we have at the $60k price level was destroyed yesterday which made me hot and cold because I haven't taken profit, but besides that I still have an optimistic spirit for BTC if there is a favorable sentiment on the increase in BTC prices, we only need a miracle, because mathematical calculations can be broken by unexpected events in the market that break many analysts.

DanWalker

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Even though my prediction in April was wrong and things did not turn out as I expected, but I still maintain my old and only opinion that this year bitcoin is only up. I will continue to be bullish this May even though I see many people becoming pessimistic, most becoming less optimistic as we just went through a significant correction in April.

There haven't been too many votes yet, but with the majority choosing "no", I feel quite happy. The same thing is happening on various social platforms as the crowd becomes more fearful and cautious. It could be a sign that bitcoin is going to skyrocket amid everyone's skepticism, and I wouldn't be surprised if bitcoin hits $80k by May.

I was a bit worried in April when everyone was bullish and that was not a good sign for the market to rise. But with the fear of the crowd still not stopping, this time I am more confident with my prediction.

yudi09

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Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

But now the market is showing signs that it is making good progress. I mean, the market won't be as bad as it was in April although we can't guess where it will go. Had time to check the price chart, I saw the chart starting to return above $60k and now the price is starting to prepare for $62k.
If people still think post-halving prices will increase, most will assume it won't happen in May and I'm also not so sure I can close above $75k, but this isn't all about bearish or bullish.

Nrcewker

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The May started with a sudden dip in the price. Bitcoins went down till 56k usd when we entered the month of May. I am very much confident that all the new traders would have been in fear by seeing the sudden dip of the coin. They don’t know that this is just a small price correction. Moreover I think May will be little down for the Bitcoins. Definitely by end of July we might see Bitcoins at 100k usd or close. Hence, just ignore the price dips and buy the coins regularly.

tokeweed

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Quote from: btc_angela on May 02, 2024, 04:27:43 PM

I voted for no.

Not that I'm a bearish guy, but it seems though that the sentiments for this month, might not be as lively as let's say around February or March. Maybe investors right now is somewhat not willing, at least because of some negative news.

Currently, the price is having a hard time getting back to $60k. I think that will be the aim for this not look at $70k'ish++. Just go and conquer our previous support line and maybe next month it will be different.

Nono these monthly polls aren't made to know if you're bearish or bullish BTC. All in all, we're bullish BTC and crypto. That's why we're here. I mean sure, we could make some money, fine. But it's more than that. We came in here because we have a deep, genuine love for BTC, what it stands for and the tech. And the degen stuff that we could do that comes with it. Lolol. But it's all part of the game.

But yeah, these polls are made to just know how you feel about the price at the start of the month. No more, no less. There's no judging here. It's all for fun.

Kelward

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Quote from: fuguebtc on May 02, 2024, 11:03:05 AM

Almost every prediction about April was wrong because people were too optimistic about the halving and this time I believe people will start to get scared and lower their expectations instead of remaining bullish about the price increase this month. Personally, I don't believe in what the charts show because not only can we do technical analysis but market makers, whales can even create such things. I think how bitcoin will move is entirely dependent on crowd psychology.
If the crowd continues to be bullish, bitcoin's recovery and growth won't happen anytime soon, but if the crowd gradually starts to get scared and stops being bullish, that's when bitcoin will skyrocket.

People were really bullish about Bitcoin price speculation for the month of April, because they were thinking that the post halving will affect price positively, especially the newbies, but we're currently withnessing the opposite, this current dip will not give them the optimism to perhaps aim for anything close to seeing a price surge of up to $75k. I wouldn't speculate to seeing a price surge to that amount, but then this is the crypto market, it's the demand and supply of Bitcoin that'll make the final decision. We're entering bull season so I'm optimistic about price surge but I don't think that it'll start this month.

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Quote from: tokeweed on May 02, 2024, 08:49:00 AM

So yeah, we never saw BTC go up to 75k and stay above it and there was somebody in the April thread saying that it would be impossible for him to guess it right since the poll was exclusively just for April. Mmm ok... So let's run it back again. Same poll as April: Will BTC close above 75k for the month of May?

Here's the chart. It honestly doesn't look as bad as everybody thinks overall about the market rn.

Currently, the distance between the current price of Bitcoin and the price range of $75K is starting to get a little far because Bitcoin needs a price increase of more than $15K to reach a price of $75K this month. So I'm starting to think that it seems like it will be a little more difficult for Bitcoin unless the price increase can start from now onwards until the end of next month without the slightest price correction in the market. But on the one hand, I still have confidence in seeing Bitcoin at $75K, but it doesn't look like it will happen this month.

Topic: BTC Sentiment Poll for May - page 3. (Read 674 times)