Bitcoin Forum

Well...  January started off really nice with some of the guys around here thinking that it's finally a full blown bull market.  But a couple of weeks in, it looks like 45k resistance is too strong and there just wasn't enough demand to make BTC break out and stay above 45k...  :/

But then again when switching to a monthly chart, it doesn't really look that bad at all.  Still finished the month in the green.  So yeah...  Just a simple poll for Feb.  Up or down?  ;D

https://i.postimg.cc/GpzFJFPg/9660-F246-9054-4641-A99-A-B277-F166699-D.jpg

According to what I analyzed from my chart, bitcoin is seen to have gotten to its overbought level at $49000. Although the market has retraced and bitcoin got lower below $40000 before it is at $42193 which is its present price.

The spot ETF fomo and sentiment has gone and nothing much for now until we reach the halving time that we would be expecting bull run some months after.

I do not think the price of bitcoin will that increase and likely it may fall between $30000 and $35000. I do not know when this would happen, but I think it might happen before halving. If it does not happen like two week to halving, it would be good to accumulate at the time.

Not a pro in this, but historically, when Bitcoin experiences a negative monthly closure just as we have seen it January, it tends to follow with an average of two to three consecutive negative closures. I predict that there is going to be a higher probability of a downtrend in February and possibly March possibly leading to a retest of $40,000 or lower.

As the Bitcoin market went up a few days ago and only 78 days later the Bitcoin Halving will begin. This will create ample opportunities for investors to invest ahead of the Bitcoin halving, so the price of Bitcoin is likely to fall in February. Now all investors should invest in Bitcoin if the price of Bitcoin is in a downward trend at present. The more bitcoins an investor holds the more benefits they can reap because the current time is the right time for bitcoins. If he observes, he can certainly see that every bitcoin halving, before the bitcoin halving, the price of bitcoin has gone down. So this Bitcoin Halving of 2024 is the right time to invest right now.

Probably up for February, got to relieve some of that bear pressure and buyers will still be in the mood -- but there's always that sneaking feeling that halving cycles aren't quite done yet. And if you believe that, like I do with no tangible reason, then we're still waiting for one painful crash just post-halving.

We're in February so can afford to enjoy some more feel-good sentiment until then.

stays low now and barricading 45k maybe if once we hit it again then 50k will windowed for sure .

now again in green market as almost every coins making their lights on while bitcoin takes 43k again and staying.

we will be looking for this greens stays long and willl brings us profit for the next bull run.

Well, I believe that 2024 will be bullish and it should be if the pattern of previous cycles is repeated, apart from the fact that there are other indicators that help, such as the relaxation of interest rate policies by central banks. What happens is that I don't think they will close absolutely positive, although we would like to. If I have to opt for the month will close with the price higher than now, but not much, perhaps between $45K and $50K, no more. For the following months, before halving, I would expect some dip.

This will be a bullish year though Not sure if we will be breaking the ATH of bitcoin but  with all
the signs this year , I think that we will be having this  small ups and down till the year ends , but of course early
next year as we need to see the effect of what we have this year , the ETF that expected to bring increase
when the big boys starts their journey in , and of course the Bitcoin Miners Halving that we have seen over
the years bringing the highest value each time it comes.

The chart is still bullish from Op and that has been the trend over few months from the ending of last year. So I don't see the price going down until the halving in April. The demand for bitcoin is creating more stronger support because more new investors are rushing in for the bull expectation, so they are buying and hodling in expectation of a margin profit.

I expect that this month will also end in bullish candle to lead into stronger support levels for next month in march.

voted for UP , we have seen what happened in January after the approval of ETF so I think this month will be different as investors is coming from other part , from that approval other business person will now consider or finalized their thought of using if not having Bitcoin and crypto in their businesses, and that would spark a light to others.considering investing here.

I voted for Up for Bitcoin, it will be bullish in almost every week of this month. This is mainly because it needed a correction, that was why it corrected lower below $40,000 in January, and for it to be able to close the month above that psychological level and also above the 1D Fibo level of $40,243 hints that it might have restarted a bullish movement which will soon be confirmed into a short-term bullish bias over time. And if that is ascertained, then it means that both its short and long-term disposition are now bullish, and that in turn means that the month of February will be bullish too.

Thankfully, all that I see on the chart now supports this claim, the bullish price action is seen on the daily chart and weekly chart, while the monthly chart shows a continued bullish launch, which are all signalling to a bullish bias. As it is, the FOMO might soon return to the market as the FUD is subsiding, so I am so much positive about Bitcoin this month, and who knows, it could hit $50,000 before the end of the month.

All that I am seeing on the daily chart is that the market could fall or rise. If it rise it is not going to be more than $45000. If it goes more than than do not expect it to go above $46000. On the monthly chart the market looks like it can fall more but that could be what will not happen. If bitcoin will rise in February it will not rise more than $46000 if it struggles to go above $45000. Bitcoin to go above $50000 can happen but not in February.

Towards the end of January Bitcoins were very un predictive I must say. The price went till 46k and fell to 38k usd in the same week. Many investors also got annoyed by seeing this price fluctuations. For February we have high hopes. Many long term holders are expecting Bitcoins to cross 50k usd by the end of this month. Hence it will be ideal to see Bitcoins going high up. Still halving has to come soon, so let’s hope for the best.

Many of the results of bitcoin analysis will experience a decline before halving, I think more than 20 people I know and some influencers about the price of bitcoin will experience a decline before halving starts and I also see that there will be a retest of the price of bitcoin at the $30k-$36k price level before continuing its increase.
yes I see that indeed Fomo ETF no longer exists and maybe now it is biased about bitcoin ETF, so yes one of the strongest indicators is the current Halving to push the price of bitcoin, but yes we have to retest.

This kind of thing might be a doubt for some people who do DCA on price drops, including myself, whether to wait for the price drop first to continue bitcoin in the Q1 round this year, or maybe I should be skeptical on my own analysis. lol

If we are to look from how we ended the month of January, we are likely not to experience dip again because we are moving fast and closer to halving, the market is raising more resistance against the bear market this month of February and we should only expect being more bullish, from what we can see through the daily speculations, weekly candles and the full explanation on what the chart market price is giving, there's more possibility for having bull market this month of February than we should expect for bear market, every other persons can also do their own research.

2024 is Bitcoin halving year, this year Bitcoin price is likely to increase several times more than the current price. Here from this chart it can be estimated that at least in the next year of 2024  in 2025 the price of Bitcoin is very likely to reach 150k million dollars. But we will assume the month of February, the month of February will be normal. Because if the price of Bitcoin is at a normal level, investors will be interested to invest. Bitcoin price will be 40k plus in February.

2023 started with a carryover of the market sentiment of the year 2022 third quarter,  but along the line even with the much anticipated Bitcoin ETF, the price of Bitcoin still failed to push through to stay above 45k which is the major correction benchmark for many market speculators, and just as the first comment already mentioned that Bitcoin seems to have been overbought at the 46k-49k price region, which makes it so hard for traders to break such liquidity starch of that price in other to move beyond.


The only expected Bitcoin market propeller, that is left is the bitcoin halving, many have speculated that only Bitcoin halving can push the demands to surge and possibly give birth to a new Bitcoin ATH.


So may may not see much in this month of February and for that, Bitcoin may rely on or struggle around 40k-45k max in this month until after that event.

The year 2024 is going to be really unpredictable for both bitcoin and economy as a whole. Previously it had been noted that loss in markets around the world would have a boost on bitcoin price but that isn't the case for recent times and both of them now depend on the overall economy.
IMF and others had forecasted a boost in economic growth in most of the economies and to some extent due to war economy and with no end to wars on sight and chances of opening of new front, bitcoin would have a rough ride. But I think everything would be sorted out by the end of the year and we'd see a healthy economic growth around the world.

The price of Bitcoin has gone down since the approval of the Bitcoin ETF as it was in early January. The market went below $40k early in the last week of January. Since the Bitcoin correction in the last week of January, it has been heading for a recovery again in February. In the moments leading up to the Bitcoin halving, I saw the price of Bitcoin drop. I think the bullish momentum will remain stable until mid-February. Bitcoin may begin correction again around the last week of February. For the next bullrun, I think this month is the best time to invest in Bitcoin.

I voted down because I have a thread I was supposed to write about this particular candle that closed the month of January, Which from facing your chart, looks like a blow off top candle, a left hand green candle which would be followed by a right hand red candle this month candle and if you go into lower timeframes it used form a proper head and shoulders pattern, And 70 percent most of the time from my observation, it is a candle that precedes a bearish Candle, and having it occurred in the monthly time frame means that February particularly, has a higher percentage chance to be a bearish month for Bitcoin, and before that, we may likely see the price go back to revisit $44k uper wick of the left hand greend candle to completely form its second hand candle before it final drop towards $34k my price target towards the end of February, and if it extends to March we may likely see Bitcoin price go way down to probably $30k.

That's just one part of the equation though, at least if you look at the monthly chart, Bitcoin goes to almost 1%, so we are still green in January. Of course, we thought that we could have gotten higher when the price reaches $49k and very excited to see a break out run to $50k. But there is a correction, short term speculators taking some profits and that's it. Nevertheless, we are getting closer to the catalyst which is the block halving. And so with that, we will see a huge growth down the line and that $50k? it will be broken like a butter. So I think we will still grow this February and be in the bullish state and might end up closer to $50k again.

It is difficult to predict whether it will rise or fall in February because recently the Bitcoin price was not far from $40k, meaning a little below $40k or a little above $40k. However my prediction is more likely that the price of Bitcoin will rise because I believe this year is a bullish year and I also believe that this month it will be able to penetrate $45k.

Bitcoin price has been showing signs of improvement since the beginning of February. But now Bitcoin halving is just waiting for Bitcoin halving and the highest level Bitcoin price is normal level to create opportunity for investors. Bitcoin price must be 40k plus in February.  Because the price of Bitcoin will increase in the future, this is an opportunity to invest before the halving.

I wonder why difficulty is the most used language on this forum when it comes to the prediction of Bitcoin monthly. This is highly unprofessional to me and it shows that many people here are not just finding their feet toward learning to know how best they will be predicting what Bitcoin can do doing monthly and even yearly. Nothing is difficult here and at least I expect people to be constructive and show some conditions for what can cause a bullish path or a bearish path rather than emphatically believing it will be difficult. Bitcoin is presently bullish in the long-term trend and it has ended a correction with the way I saw it. It however has a bullish price action on the weekly chart for now, which means that a bullish trend on both the long-term and short-term are aligning, which might be positive for this month.

Nonetheless, there is a pressing issue on the daily chart, with the Fibonacci resistance level of $43,606. The market hit it this week and has not been able to breach it higher ever since then, This is the only important barrier I see now, and if Bitcoin breaches it successfully higher, I am sure that it might have some huge bullish achievements this month which might resume some bullish trend that will first hit the ATH of 2024 at above $49,000 before going higher for the psychological level of $50,000. After this, a mini correction might happen again, but certainly will not be lower than $43,606 in its worst case.

And I personally think the market is very vulnerable to further corrections, there are many things that make investors lazy to enter, one of which is waiting for a decision on the spot Ether ETF by the Securities and Exchange Commission (SEC) and if we look at the 4 hour time frame chart, BTC is currently preparing to decline again by 42K. .

I feel like I do not really wait for the price drop to buy, I do end up buying whenever I have some money which means that sometimes it's at bottom and sometimes it's higher and I do not worry about it all that much. I get that it is not going to end up with much, but it will definitely be something that everyone will find very cool, so we should really consider that as a good thing to participate one way or another.

If you get into bitcoin, no matter where you enter it, you will eventually profit from it, the only difference is some people profit a lot quicker and some people have to wait a lot to make a profit, sometimes it's a good time and sometimes it's bad. Sure you can buy at 68k and you will eventually profit but it takes years, and some DCA would be helpful, or you could buy at 15k, and you profit right away.

Bitcoin will most probably stay between $40k to $45k and it has retested $40k multiple times in last few days but good thing is Bitcoin has been able to trend above $40k. I had high hopes initially as I though it would cross $45k and eventually cross $50k but since it's a dynamic market and no one can predict accurate even I was wrong and now I think it would be great if Bitcoin manages to float above $40k. Because, anyways once the halving happens we may see dip in the price.

We are most likely to keep having the bull market between now to the time of halving and don't be surprised that after the halving, there may comes in little bear market to help take the market from down upwards after the halving in preparation for the bullrun, we need to keep an eye on the market sentiment, performance and chart to know how things are going before we can sell or invest in preparation for the halving because there's likely possibility for high volatility during such season.

That's true, but improvement started since late January, after a small bear period. It's unclear how the price will progress for February, but the previous years have been mostly positive, although this hardly means anything viable. I voted that it'll fall, in my opinion, we might go through a correction phase a little before the halving takes place. If that occurs, we'll need to take advantage of any opportunities that arise, because the upcoming few months are probably going to be fruitful.

Whenever I want to see the trend of the market, I only use one indicator, and many Technical Analysts have been using it as well. It's the 21 Weekly Exponential Moving Average.
https://www.talkimg.com/images/2024/02/03/vAkaN.png
Based on the picture above, we are seeing that the market is above the Moving Average meaning the trend is still upwards. TBH, it's quite surprising that we will end the month with a green candle knowing what happened after the SEC approved 11 Spot Bitcoin ETFs. Nevertheless, I still believe that the price of Bitcoin will go upwards in the next 2-3 months before the halving event happens. Anybody can happen still, and we might see the price of Bitcoin going down in the next months, but the chances of it to happen are lower than it of going up. The sentiment is rather positive already, and that means a bullish trend.

I have voted the answer.
In my opinion, the price chart analysis will be in not bad condition. Green will dominate the market for February, which will not be much different from January.
Even though it won't be far away, the graph movement in 3 days is more sideways and there is a good chance that my analysis says the pace will occur in the third week but the percentage will not be large.

How about we will have to wait more again to see where this leads. Currently the market is more like ranging one, because the heavy speculation on sales have slow down and which even lead the price to break the resistance at $45k but immediately retrace which shows the weak liquidity there. Base on 1 Day time frame from the Chart the bitcoin price attempting to break the resistance at $43600 but as multiple times be rejected this and a further break down towards the local support which is around 41800 and 41500, should bitcoin gets to break that due to more selling power then we are heading straight to down to $38k support which means more bearish movement towards 30k but if the over comes the resistance at that $43600 then it’s heading straight to a new resistance at $45k and will push further upward. This is the best time to be a holder and not a trader. If you’re a trader make sure you put a very tight stop loss at 41k

Since the approval of Bitcoin's spot ETF, big investors have been selling Bitcoin to take profits. But Bitcoin is still above $40k despite all the big sell pressure. Grayscale has been regularly selling bitcoins since EFT approval but on the other hand investors like Blackrock are increasing their bitcoin holdings so the market is still at a stable price.

That means a lot of things are happening behind the scenes, so that they are preparing for the next bull market. Therefore, instead of focusing on the short-term changes in Bitcoin, we should focus on how big a bull run Bitcoin can give in the future.

We certainly saw signs of improvement and signs of deterioration in the price of Bitcoin in January. Act prices rose to a January high of 48k, and touched a low of 38k. The big up down we saw was in January 2024. Now that we are currently in the month of February Bitcoin price is still showing signs of improvement, the future Bitcoin halving signs will be revealed after only a few days of waiting. So we will definitely see signs of Bitcoin improvement in February and the possibility of touching 45k will be very high.

Well, this is your belief and everyone is entitled to theirs, only that you never call a single basis for your disposition which makes it more of a guesswork if I must say. At times, in my experience, many people will just view the chart and see the green/blue and red colour of the bars to make their prediction outrightly which is what I also suspect in your case. Well, I look beyond that when I make predictions, nonetheless, I like the way you are not so rigid about the view but also considered some alternative conditions that could happen which could change the scope of the market even if the most preferred view is not coming into play. In my case, I use the price action and Fibo levels to spot the prediction, and this is in relation to the immediate past behaviour of the market in terms of the most recent corrections made, and also the current behaviour of staying above some important technical levels.

Now, it is all about the Fibo line of $43,606, and if you carefully study how the market has been behaving in recent days, you would know that it respects that level so well. This is the determining level in February as far as I am concerned and if broken, the $45,000 you called will be slipped upward with ease. A similar reaction we experience now happened when the market was around the Fibo level of $40,243, it danced around it for a while before gaining the needed momentum to breach it upward as seen on the 26th of January.

in 4 days of February yet there are no big sign of what is coming but staying neutral at 40k up is much better than what we have before the January year ends,  the graph shows something promising but since we are nearing Halving and for sure prices will dump here and there, I doubt that we will be having 50k this month .

There should be one more option, which is sideways ;D

But that's okay, @OP. I don't predict the price will go up or down. I might see it sideways. The price may remain in the $ 41k- $ 43k or $44k price range until the end of February. But that's just an estimate because if any positive or negative news is released, it will make the price volatile.

Meanwhile, the opportunity to rise ahead of the halving is still wide open. We still have to be patient, waiting for the price to increase. There will be a time for the price of Bitcoin to increase greatly. And until that time comes, we have to be calm and remain patient while continuing to accumulate more Bitcoins.

But if you still want to do DCA, you can do it. Moreover, the price has not increased much and is still at the $42k level. So you can buy more Bitcoins.

February also started well. Of course I predict the monthly chart in February will also end well.
The price will probably still be at the $43K - $45K level even though I actually hope it won't go above that price before April 2024.
I still don't want to see Bitcoin prices increase this month even though the effect of the ETF will be felt later in increasing prices. For now I still think that a drop below $43K is still possible.

I don't have much to say about prices in February. At a minimum I want green graphics. Up or down? sideways that I predicted.

There was too much high speculation last month which also caused the price to spike high but after the surge and ETF approval, the real market sentiment came. This month of February no longer gains much traction but I know people are still positive about the situation. The price of Bitcoin didn't make an early bullish this year despite the ETF but halving is coming near which also contributed to other market changes.

Currently, the price of Bitcoin is at $42,800 (at this post), it is on the recovery after it drops to $39k. That also something tells us that there is no assurance to keep the price high, dumps are always possible.

In February 2024, the price of Bitcoin can reach as high as 50k dollars. The halving year does not increase the price of Bitcoin from normal levels, creating opportunities for investors to invest. The lower the price of Bitcoin is now, the more investors will be able to hold. The more holdings now, the more bitcoin benefits going into 2025.

Yeah! People got way too excited thinking an ETF would make the price keep going up.  But after it got approved, things cooled down again. Investors realized the ETF wasn't gonna change much.  The early bull run some folks predicted didn't happen either. 
So far February has been kind of dull.  There's not a lot happening to push Bitcoin like last month.  But folks are still feeling optimistic overall. But with the halving coming up soon, things could definitely get interesting again.  Nothing is guaranteed of course.  But if I had to guess I'd say there are some exciting times ahead.

Maybe with the DCA strategy it is a good move, but if there is a calculation that bitcoin will go down why don't we wait a little time to buy at a cheaper price even if it only has a small difference and the price will come back, but I think it is a pretty decent price.

I understand the concept that you described and I have done it until the end of 2023, so maybe this funds I want to get a price that can be said to be below the $40k level maybe.

BTW there are rumors that the US government will sell their confiscated Bitcoin, have they already sold it, I think that is one of the indicators that bitcoin has decreased for this February?
on the other hand I also see Blackrock collecting bitcoin every day. :-\

If bitcoin is not pumping, it is not dumping either. This means that the demand for bitcoin is not less and we can see good momentum in bitcoin near the bitcoin halving and it will continue for the next few months. By the way, do not call February to be a dull month, as we have just begun this month and there is still a lot of time for the action  ;)


I will recommend doing the DCA until Bitcoin is under 50K. I guess this is the very cheap price of Bitcoin considering the targets of the Bitcoins by the different analysts. This may be the last few weeks or months, when we will get bitcoin this cheap. Remember in 2017 the highest bitcoin price was 20,000K and now we can only dream of such a price to buy bitcoins.

Perhaps for February, Bitcoin will get another positive month. But does that truly mean that we are in a "bull market"? I believe not, ser. I have a some suspicion that Bitcoin will have one more major crash before it surges towards over $100,000. Many people will not believe it, but if the world's major economies start to pivot to QE/loosening their monetary policies, then Bitcoin will surge more than during 2020 - 2021.

I think you need to have a short position to expect it to go down. I think there is definitely a possibility but I do not "want" that to happen, I do expect or predict that it may happen that way, but I want it to go up. Checking previous halving, the price drops a bit before the halving and then goes back up. Doesn't mean too much high or low, it starts at X, goes down 10% from X and goes back to X for halving, so it is not going to be that crazy and considering we already broke over 48k and then under 40k, I guess that may have already happened.

With ETF coming hopefully soon enough, I just feel like we are going to end up with a good increase with the price, and that would definitely be something that will benefit everyone, it will make it a higher price without a doubt.

At the moment it is quite logical to expect a continuation of the sideways trend. In order for the price to fall strongly just before halving - very negative news is needed. Therefore, after the sideways trend, the bitcoin price is most likely to rise. We are in for quite an interesting spring - and quite possibly a good altcoin season as well

@tokeweed - because there are only two options, I choose up. But I tend to think February is a sideway month for bitcoin prices - as said, it's a bit difficult to get the price to break through the $45K resistance. $42K to $44K is a price range that seems good as a prediction - but when the current negative sentiment does not hinder price growth, then perhaps a recovery can be expected.

I'm choice sideways for February - but it's still possible to get bitcoin to recover and test $45K resistance before the end of the month. Nothing is certain as the market can move in either direction anyway - but I don't expect any surprises this month.

Only analysis does not necessarily mean the results will come true. Something that is hidden behind the desire not to increase the price in February is that we still have not met the target to release it when the highest price is reached. If in the next two months the condition of the market price graph still does not change as much as it is now, then these two months will be an opportunity to add and meet the Bitcoin target in the portfolio.

The Bitcoin price chart in 5 days is running sideways and does not show the potential to reach $45k because from February 1 until today the graph has not shown a signal that it will reach $45k. $45k seems to me a very crucial price to deal with the market situation that we expect to occur.
The effect of ETFs is quite positive if we observe. Hopefully the hopes of all holders can be fulfilled.

I think the price might dip below $40k because the ETF hype is over, and the only thing left for us to wait for is the halving event. In Feb, the market trends will be sideways and probably replicate the Jan trend, more or less. A dip toward $35k is highly likely before halving.

When January gave us an excellent and exciting start, I knew it was a red flag. This is because I was sure that the uptrend cannot continue untill halving. It came earlier. While the market was supposed to be suffering, it was instead glorying but I knew the glory will be cut short. But what marvelled me was the news of ETF approval which I thought would help to accelerate the market the more but it rather didn't or did the opposite. Many people thought the price will start flying almost immediately. I had two options which would move the market, which were;

• ETF 
• Halving 

One has failed but it will resurface to help the effect of two to be very massive

The February will continue on consolidation till the last week when bitcoin will climb 45k again. Unless there's a strong fundamental to distract the market.

ETF does not bring Hype up to now , have you really check the market sentiment? big boys does not add value till now and we are still waiting about the potential reaction of the market once they bring their investment inside.

and bellowing 40k this February ? for what reason mate because there are still no bad news coming and the halving is far at least 2 months so we can still have chance to invest while the price is cheap.

Plus the possbility of a Black Swan, which because high interest rates and QT is the elephant in the room, everyone doesn't excpect it the be the Black Swan,WHICH might make it THE Black Swan. 8)

The belief that because everyone is expecting it, then therefore it's priced in by the market, will absolutely make the crash more unexpected.

The January candle did look more like continuation to the upside than a correction, but the Weekly candle at the start definitely signalled a trend reversal with with a -10% wick and -15% close from the highs. With price struggling to reclaim $44K volume zone and not even able to re-test the highs around $45K, which should be the expected dead cat bounce at minimum, personally I'm anticipating lower prices this month.

Despite the enormous bullish/parabolic move from $30K levels to $48K in recent months, price currently looks weak, and it's likely price will be under $38K by end of the month at this rate. The bears are finally breaking down 3-4 months worth of bullish support levels, from the 50 Day MA to the Ichimoku Cloud, so it's hard to believe without a miracle that February will be a bullish month.

I think smart investors knows that already, it's crazy to think that prior to the approval, everyone is thinking that we will break our previous all time high or at least touch $50k. But the opposite happen and so I think before halving, we should prepare for the worst, <$40k might be with us this month.

We've like to think that we are in the bullish pattern, but if you look or at least zoom out the trend, we might see reversals. Not that I wanted to be negative this month, but the chart says otherwise. Although it's not exact, it's better to really not be confident that we will see a massive run for this month due to the ETF because there is no longer the hype. The news have been sold already by some speculators and they have profited from it.

The reality is that we are seeing something that isn't really predictable at the moment, we are not at halving or near yet, but we are not far, we have seen it go up to around 49k but we have seen it go under 40k as well. As we have it right now, it is easy to say that anything could happen, and that is why it is a risky thing.

I think it's clear that we are going to end up with some terrible decisions if we do not know what we are doing and we should be careful about that. I understand it is going to be hard for you to handle if you can't deal with volatility in the crypto market. Just deal with what you have at the moment and you are going to se a lot of volatility this month, can't say which direction, maybe even towards both directions.

My expectation is for bitcoin to break out $48k again, possibly touch $50k and then retrace a bit in March. Before the halving bitcoin has loopholes that the market can exploit like the way bitcoin etf created. I don't deny bitcoin will move up but reaction and caution are necessary. Anyway, I'm optimistic about bitcoin in February.

The market is reactive and not predictive; Therefore there is no need to panic because Technically the market is still healthy and 43k is fair good price still, I'm thinking that the price will go hit 44.7k and this is the zone I'm monitoring the situation and how the market is going to react when it gets to that level, so with what I saw from the monthly perspective, I'm looking if the price will break 45k then we will head up further, whereas $40k is the level I'm looking to see the price break base on the downside situation. Currently, on the side line watching which one happens first, base on trader's standpoint.

The current market price is more than $45k. It is clear to see how positive reactions are taking place to strengthen the route to halving.
A very good reaction for those who expect an increase past the predicted price.
My analysis says that this week the movement will continue to move to break predictions that say Bitcoin's movement is very boring.
Of course, those who place orders at prices below $45k to sell will experience disappointment, of course not for those of us who still hold Bitcoin firmly.
Hodl...

I think it's more of a bounce back from the effect of the news about the Bitcoin Spot ETF approval. Now I was surprised to see $45,000, but then again, this is where we should be like last month and unfortunately it didn't happen. So say $50,000? Who knows? when we are now again on the bullish state maybe this month we can achieved that. So we will have to see.

@ Franctoshi - the market is more on speculative, so obviously it will react to any news that we have, whether positive or negative. The good thing is that this market is wide open, so it could be very volatile most of the time but we learn how to take advantage of that, like buying in the dip and obviously, HODLing for a more profits in the future.

Definitely going to be an up month. Especially considering second half of January was a dip.

Getting closer to the halving plus ETFs buying up several thousand bitcoin a day five days a week (that's 9 figures in $ daily).

January we saw the hype of the ETF leading up to and at launch, then we saw the sell the news event plus the massive Grayscale ETF dumping from arbitrage traders and FTX.

Now the massive Grayscale selling is over, while of course the buying continues (though Celsius is planning on selling a monstrous $1.4 billion from Grayscale in the near future). Spot market excited about the incoming halving plus TradFi investors piling into the ETFs to the tune of $100+ million per day. Today was, for example, I believe 3911 BTC or ~$140 million net positive into the ETFs, that's a loooot of daily buying!). This means yeah...it's going to be an up-month for sure. Already up a decent amount. I'm expecting to see $50k this month.

It is uncertain, but the market is quite healthy than last month. However, it gives us no confidence to keep seeing the current market momentum, inevitable drops seem to happen anytime without letting us know before it strikes.

I can't expect $50k this month but can't erase the possibility it comes especially if the uptrend continues. Yes, we still be careful but if we just hold, I think we have nothing to worry about the situation. For the buyers, I think the best thing to do is to wait for some correction as it comes any of these days.
Maybe I have missed something but I can't afford to always check the market situation every day.

I don't think there will be a sharp decline in the near future, in the last few days Bitcoin's movement has been quite positive and that's with significant movements.
To reach the price of $50k I think it is very possible for us to see this month and even in the near future, with what has happened in the last few days I am quite sure that this will happen, and it is true that we still have to be careful because no one knows how long this positive trend will continue and suddenly the price could move in the opposite direction, but what has happened has made many parties increasingly believe in what will happen in the future.

Wtf is going on guys??  47k and it looks like it's just getting started.  Lolol.  So ...  For those guys who voted 'no', do you still think it's going down by the end of the month or is it still early to tell if BTC is really ending in the green at end of Feb?

I'm having a fomo vibe going on right now.  :D :D  But yeah, I have some BTC but not much.  Most of I'm holding now are staked in DYM and TIA...  Have some PYTH staked too.  It's a play for the rollapp meta which could earn airdrops for the stakers.  Hopefully stakers get a little bread and eat well this year.  ;D

On the 8 bearish voters for no, what is the price that will change your minds to yes hehehee. According to the latest news articles, the spot bitcoin ETF issuers are presently twapping bitcoin increasingly and they have recently seen the largest net inflows of bitcoin since the ETFs were approved by uncle Gary. I would also not underestimate Larry Fink the new mayor of bitcoin hehe.

https://i.ibb.co/8bVSrRp/E1658-A10-774-C-4-EFF-8546-523-E72-A7322-C.jpg
Larry Fink, new mayor of Bitcoin

So you are still afraid despite what the market is saying on various larger charts? I think you should not be, you should rather be encouraged and be positive about Bitcoin. What is happening with the Bitcoin market is not far-fetched, it's so speculative and well-expected, and I love this market the more because it is so easy to predict, especially the long-term disposition of it. Since the beginning of this year, I knew that Bitcoin would buy, and even in February when this polling thread was created, I voted for the bullish trend due to this. The reason was that the market needed a correction, and it had successfully retraced almost $10,000 in January alone, what did we expect of it in this situation, even when the long-term trend remained bullish?

I knew that the bearish movement we had in January was a preparation for a higher bullish impact, and in this state, I believe that hitting $50,000 is now more feasible than before. Bitcoin needed to breach some level upwards then and was able to do that, we should expect it to move higher afterwards. And I do not think that it can ever hit $38,50 this year again, which is why I know that anyone using that level as a reference point to place their stop loss for a long-term position can't ever make mistakes, even as the market continues to touch higher levels over time.

The poll needs a "weird" option for me to choose because I still think the market is going to continue being weird.

But from the two choices I vote UP because we've already had the ETF drama last month and it "squeezed" out anybody that it could so it is time for the rises to begin as the weak hands are out and there is no more short term hypes to disrupt the market.

It is nice if you can take a good look at your vote again. It has happened and it is purely up and up. Wonderfully known that we have touched $50k again. This is a resounding hope to the coin called bitcoin. My question is, from here, where do you think we are heading to? Can we go straight to bull run from here or we will retest the 40k and 30k regions before the major bull run .

I wouldn't bet against this Bitcoin rally.  Too many people are still on the sidelines.  The folks that were crazy about betting the farm on crypto back at the highs of 2021 are still sitting this rally out.  Most of the people I talk to aren't even aware that Bitcoin has been rising for a year now.  I suspect most people won't even be told about this Bitcoin rally until the price hits new highs, at which point they'll probably start taking out second mortgages to participate.  It still feels really early.  I would resist the urge to take profits if you're able.  I've learned when it comes to Bitcoin you are better served to wait.

Hehehee I very much agree on this market being weird. It appears the new mayor of Bitcoin wants to rewrite history be causing the first all time high before the halving has occured. This will certainly feel very strange for people like you who have been here before 2014 hehe.

According to Bernstein anaysts, this is only the beginning.

https://i.ibb.co/S681NgP/8-D3365-DF-B2-F5-4-A4-F-B64-F-C896-CAA30-A98.jpg

At this point, investment company Bernstein analysts stated that further rises will come in Bitcoin.

Stating that ETFs will increase the Bitcoin price, analysts said that the ETF-focused market will create FOMO in investors and therefore they believe that Bitcoin's strongest period has not yet come.

Read in full https://en.bitcoinsistemi.com/bernstein-analysts-get-ready-for-a-fomo-rally-in-bitcoin-btc-will-reach-a-record-level/

Who would at this point? Rally is going to continue as we have breach $50k and will go on this month. As I have said previously, moon boys are already here and it had created FOMO and the effect of Bitcoin Spot ETF approval is finally being realized by the market.


Of course, profit taking is at least if we break the previous all time high of $69k. Many those who are going to take profits here are short term speculators, but we understand this kind of investors. But for long term HOLDers, this is just the beginning, all profits are just in paper and we don't need to sell. We only sell if necessary, we need to hold that urge and wait till after halving and then see how it goes. But in the grand scheme of it all, selling should be 2025, when we felt that we have reach the top and a new all time high.

If it's faster, I think it's better because this will make BTC one of the investments that will be most sought after by many people and mass adoption will create itself. I think not only that this part of the technology will also be useful for future applications and Bitcoin and other digital currencies can be transferred across borders to regions around the world with the click of a mouse and under the radar of governments and regulators.

i think positively about the bitcoin price this february because it is very likely that we will be able to break 50k and that could lead us to a positive trend before the halving later. at the lowest we can drop to 45k, but that seems to only be supported by negative news, if there is no negative news we might be in a sideway position.

It has been broken, so finally we have seen $50k after what 2-3 years? But this is just the beginning, and when we thought that this February is going to be boring, it finally shows us a sign that this month is going to be the start as we hit that round numbers. Maybe we can see the majority selling to make profits or just some for them to feel what it feels like to project. But for those experienced and veterans here, no, no selling for us. Treat this as just the beginning of a massive bull run, and with that, this February will be the start of the bullish cycle pre-halving, in my opinion. And so far, majority of those who vote got it right, a whooping 66%.

Looks like BTC gave everybody quite a scare for the last couple of days or did it..?  Lol.  But overall as long as the price stays above 50k or 45k even then there's nothing to be scared of.  IMHO.  Price looks steady where it is now and there are no signs that the trend would be reversing soon.  It's all still going up until it doesn't.  :D :D :D

And with that I think I know what our next sentiment poll will be for March.  ;)  Should be fun and can't wait to know in what mindset you guys are in.

Yeah, goes off to $52k, then we all have our speculations that it could go as high as $55k for this month. And obviously, there are profit taking from short term investors and day trader speculators, we are now in the $51k. But still though, we are happy to finally see that early this year we are above $50k.

And so exciting times ahead, for sure when you open the sentiment poll for next month, I'm seeing that we are going to be bullish as we are nearing the block halving. So hopefully we can maintain above $50k at least this February, going to $53k++ will be a bonus though.  :)

without negative news it seems impossible that a significant price decline will occur. we are getting closer to the halving, so everyone is currently racing to get their hands on bitcoins. Therefore in the future, I predict that crypto market conditions will be filled with price increases or sideway more often.

Uh what's going on?  Lolol.  :D :D  I gotta admit that it's all totally unexpected which scares me a bit.  Hope the music doesn't stop anytime soon as of yet.  :/  And I think need to change next month's poll question.  I already had one ready but it looks like it won't apply with how the market is running good rn.


It's 57k now and it might just be 2k above expectations but there's potentially more room for it to trend up as the momentum is just so damn strong rn.  

Here's how Feb looks.

https://i.postimg.cc/TwJfkTTS/4-AB07186-CE5-E-4359-A4-B3-C221538-C83-C2.jpg

Well, we said it will be up... and it's up! :D. I believe that we are going to see it go up a bit more maybe, but the month will end up around these prices on the last days. The real thing is, how would March look based on February? I feel like it looks like it could be quite important change, we could end up with something major, we should definitely consider that as a reality. I know that it may not be all that simple, but it may end up with something decent eventually.

I hope that we could arrange something that may get a good result. We should hope to see some changes here and there during March, a little bit of correction because it has gone up so much, but after that we may even see it do a lot better eventually as well.

Once the price pump hit $64k, we saw a pretty big dump as well where the low was $58,700 in TF 1H. I think this is a common case that happens in the market to test the psychology of new investors or traders, of course because I also see panic among them. This is a bit of a bummer because I thought we would settle above $63k for the end of the month, but the fact is that the correction continues to test its new support.

I'm waiting for a recovery after the high volatility of the past day, but I don't think $69k will be reached soon after today. People probably waited too long for this kind of momentum and they tried to get out for a while before finally coming back.

Hehehee agreed! What did we do to be deserving for a very early bull market? Thank you new mayor of bitcoin! You are making the dreams of many people in this form become true hehehee.

Also, have you heard the latest news update? According to this article Morgan Stanley will begin offering bitcoin ETF to their customers. Do you also remember Vanguard the investment company that delisted their futures ETF and removed their spot ETF application? I predict they will admit their mistake and begin offering the spot ETF on 2025 hehheheheee.



$1.3 trillion asset manager Morgan Stanley is reportedly looking into adding a Spot Bitcoin ETF to its brokerage platform. Indeed, the firm is considering the possibility of adding the investment vehicle to its broker-dealer offerings, according to a recent CoinDesk report.

Source https://twitter.com/WatcherGuru/status/1762926898223497403

Our votes Won mate, because we are ending February now and indeed that the market favors all of us tasting this growth price now.
61k and running 62k now ? assuming that we are 2 months before the much awaited Miners Halving , Looking forward to your March Poll for Bitcoin as I think we will see 70k any time from now.
if this will be true then maybe we can see finally that 100k price of bitcoin here mate?