Bitcoin Forum

Hey guys, just wondering what the sentiment of the regs are here in the speculation section.  This isn’t a right or wrong answer by any means, I just want to know how everybody’s feeling with the market right now and what you guys think.  Just pick an answer and drop a line.  Thanks.

Here’s a chart...  Green boxes are areas of resistance.  First around 44k - 45k and another one at 50k - 51k.

https://i.imgur.com/XP14Anv.jpg

I'm thinking that the market is already bearish, so it will not easily recover.

My vote on the poll is "Dead cat bounce", simply because I think the pump is not gonna make bitcoin rise again to $40k, it's just a trap IMO and I think we will struggle at $30k and bitcoin might fall down again. I'm bearish at the moment, in short.

Dear cat bounce. Market is already bearish, and I don't think traders are still motivated to buy and pump bitcoin across the $40k mark. Lots of people are still dumping after a few% increase, and I don't think that's a sign that we are heading towards a bull market.

There are still quite a number of weak hands still offloading their coins on exchanges, and if they're still around, most probably every increase on the price will be met with dumps.

Voted the same, again, as I have said in my numerous posts last December, if we are not going to get into $50k, then we are going to be bearish and that's what happens.

So be it, let them experience a panic in a bear market, Lol. But time will hardened them up. I'm also still leaning towards lower lows, this quarter.

For me in my personal opinion probably a start up of new bull run for this year since market is already showing green now for how many days and still stable everyday in my view as a day trader. I believe it's a sign that the market is regaining strength like what usually happens.. So let's just keep our finger crossed that it will keeps showing the same results everyday because for sure there well be a bull run again soon.

Care to put that in a vote in the poll?  Thanks.  A poll won’t really work if you don’t make a pick.  And in case you guys are wondering, I didn’t make a pick and vote.  I can’t express my own sentiment in my own poll.  Lol.  That would kinda beat the purpose as far as I’m concerned.

Keep the votes coming guys. 

If you ask only for the month of February, then it is very difficult to answer one such question given that we are in a very difficult time when the world is facing very high inflation that scares people to such an extent that they are afraid to spend and save more, which certainly also affects Bitcoin. There are a lot of unknowns in the air, so in the short term, we can expect a very turbulent period that will surely be used by those who can hardly wait for such periods in which the price of Bitcoin on a weekly basis changes 5% in both directions.

Given the options, I am voting for a dead cat bounce🐱

currently the price is 39K early February is good but it looks like I vote "Dead cat bounce" ,I still think it's not the current market condition to start a bullrun trend even to go to a new ATH level ,we are still bearish moment and a quick fall in January could happen on February

Dead cat bounce got a bit more vote for the time being. However, I believe that we are not dropping too much further down, it looks like people are sick and tired of the past few months and the sellers who dropped the price are all looking like they are out of the way. Obviously we can't know exactly what is going to happen, it could increase in price or it could decrease in price and we can't really know what is going to happen but I just feel like if the sell pressure stops then the price should be going very high.

This period right now is a period where we could end up with a good decent return in the short term, obviously that will not be something that is quick and easy but it "may" happen and by the looks if it then I would say that ATH is a bigger possibility in the next 6 months then seeing under 30k, but that is just my own guessing, I could be wrong too.

Technical charts are a reflection of the market but they are not accurate as many of them break easily if there is a reason for the price to go down.

The content in the section depends on the nature and direction of the market.

• If it is bullish, you will find excessive optimism (when the price will break 50 thousand dollars, 70 thousand, 100 thousand, 240 thousand)
• the opposite if the price drops (we will return to the price of 20 thousand, 30 thousand) and others.

Forum members failed to predict unstudied fluctuations such as

• what happened in March 2020
• November/December 2017
• February/April 2021

took the discussions on the wall if you want to hear more detached comments about the price (posts there are not paid and therefore members are not obliged to participate)

I'm hoping that Bitcoin will stabilize in 33-42k range and will stay within it for the entirety of 2022 and will start slowly rising in the late 2023, preparing for the 2024 halvening. This would make the most sense in the context of bull-bear cycles tied to halvenings.

So, my answer is "dead cat bounce", but I have hopes that $30k will be defended in this bear market.

Feb is a positive month from what I can see so far.    Its been moving nicely for many days now and doing so in a consistent way seems to indicate a reasonably strong move.   I wont say new highs or a greater price target but it would seem Feb is positive as a fair prospect.
   If this trend of gains breaks then perhaps be on guard but its done well so far, perhaps a large regular buyer was taking advantage I dont know the reasons just the chart reflects a continued rise :
https://i.imgur.com/8TEgftq.png

I agree with Lucius, there are too many uncertainties which could affect
the market, Inflation, the whole Russia/Ukraine/NATO thing and the U.S
inflation increase and effects of the stock markets and the link to the Bitcoin
markets. There is a general consensus that we are in or entering a bear market
so thats probably whats going to happen but I voted for "Dont Know"

Even though the bitcoin market is not easy to recover but being at $30k is not possible because I see the bitcoin price today is still around 38,799.13USDT even today there is an increase of +368.99 (0.96%) and I think our lowest point is struggling at $35k  maybe or $36k.

It is still possible, especially if a flash dump happens and can make traders panic and sell their bitcoin fast to buy back at a low price.
If the price can break $39k, it could have another time to increase still and this month could be a time to recover.
The price itself needs to hold at $35k-$37k and need more support so it does not go below that price.
Hopefully, this month can be a good time for bitcoin to increase.
I am still confused about the bitcoin price because I think the price is now trying to consolidate before something happens and hopefully, that will only increase.

Dead cat bounce. As much as I want to say with how Bitcoin is going to bounce back, it doesn't look like it's going to happen, at least until after a few more months. We're still going to go through that period of decline though, I reckon it wouldn't be odd for the entire year to be on the decline, but I don't think it's going to go down by that much. Probably just a steady slow decline before bouncing back. Still a lot could change, we're only on the 2nd month of the year after all.

Same here, voted for the dead cat's bounce. We are still in the bearish market, although the price didn't go below $30,000, I have a feeling that we might go on that levels if we have like another FUD coming.

I agree that we have somewhat bounce to $38,000-$39,000, but still look at how $40,000 is so big that we can't get over it. So for this month, we may seen some fluctuations and might dip below $30,000, in my opinion.

I voted I don’t know, however, it appears to be a dead cat bounce after the most latest dump. The market is presently in full control by the market makers who might want to create another liquidity cascade.

Also, I am not quite certain if you considered that bitcoin has been dumping since the beginning of November when you drew your trendlines. It looks like this if you draw a trendline from November to February. This is clearly very bearish.

https://i.ibb.co/P12BVPg/4-EC79-AC5-44-CB-4992-A4-D7-A53-A71480874.jpg

Before voting I had a feeling most would be bearish. And when people are bearish and the chart looks very bad, usually the opposite will happen.

I really want to open a short here however with the massive bearish sentiment, negative funding rate, calls on CNBC for $10K Bitcoin, I am pretty sure $33K was the low and it’ll go up from here.

Maybe as from when you checked the price, but right now the price is thirty six thousand (36k) approximately thirty seven (37k), their is no assumptions to that Bitcoin might fall in February the same way it decreases in January, the way I'm seeing Bitcoin right now it will fall more and before it will retrace it will take time.

This scenario is almost replicates on what happen on year 2017-2018 where bitcoin crash after we experience the huge rally brought by the halving hype and other more so maybe the same at that year we can also experience the same scenario where bitcoin takes long time before it recovers. But there are chances that we cannot see a long bear market days as this year have different positive takes with bitcoin since we know the adoption is more deeper and I believe institutional investors will catch the drops if that happens.

Unfortunately, Dead cat bounce it seems to me. But I have to admit it caught me optimistic. I mean the recent bounce to more than $39,000. It was quick but it got me thinking that if the price could finally go beyond $40,000, it might finally be the perfect time of the market to move to the opposite direction. But it didn't hit $40,000. It was very temporary. It was probably just a fleeting price reaction to the purchases made by institutional dip buyers.

But for me, it seems that we are into the beginning of new bullish wave and it is struggling to break the resistance levels around $39k to $40k levels right now. Usually all round digits are too stronger on bullish market and this time for the new beginning we might need more power which is the reason we tested above $39k once and then coming down to gather more power for another leap.

The good thing right now is, we are able to hold above $36 price levels and as long as we are able to sustain above this price level, we can easily get back to $39k levels which must be the launchpad for going forward up to $45k levels in short term.

Since its confirmed that we are already in a bear market, I think that this will last for a couple of months at least so my sentiment for this month is quite bearish.

Like I've always said, I'm expecting for the market to go down even lower than $35,000 and that is my speculation. Right now, there really isn't any catalyst that will make the market go up again and right now most of the investors are in a complete fear. Well while others are feared of investing, there are some investors who are taking this opportunity to accumulate more coins which is quite good.

I might change my speculation if it goes higher and stays above $40,000 for at least weeks to months :).

Aha, so changing the choices in the poll is allowed? I thought we can pick one only and once we pick there is no need to change but it is totally fine if your prediction fails because it is just a prediction anyway, no hard feelings with that :).

Most investors are still on there way to hold and then buying and I believe only a few percent are scared to buy and have leaved already because they are done selling at loss but my own choice in the poll is " On its way to an all time high " because the month of January is over and it is now February. People are done spending on unwanted things and they are now planning again to save except from buying more coins because this helps them to earn a profit .

In order for something major to happen, we need to make sure that we end up with a great news or maybe a horrible news if we are talking about going down. After all, it is not only one direction that we could go based on some major news.

However, we are already down so if we were to discuss how we could go up suddenly right this month, then we could have like some more nations coming out and buying bitcoins as investments or making it legal tender, and on top of that we could have some major companies, like apple for example declaring that they are investing or even accepting (just like tesla did) as well. All of these type of great news would have a great benefit for the price.

We can't sure that we're going to bullish again, not yet and that too early, though. However, it was to see then that recovery comes and started, and little by little we get back to high again surpassing $40k. The uplift isn't just strong to see, yet it was still a sign for recovery but this gonna be long even many were come to invest as for sure many were still selling their Bitcoin because of their negative mindsets. It gonna be somehow to say that we're not going to be easy but this month is still a tough month in the crypto market.

Probably not yet the beginning but we seem to be done with the generally downward movement. I agree, there will probably be up and down movements within $36,000 - $39,000. It is obvious that there are attempts to break down the resistance at $40,000. Rejection pulls the price down but thanks to the support at $36,000, the price could easily and quickly consolidate for another attempt shortly.

We will see which between the resistance and the support falls down first. I hope the $36,000 support is stronger than the $40,000 resistance. If we go past $40,000, that might be the signal of the new bullish wave.

Though its Feb we are still fighting the decline from months ago, it remains a straight trend downwards.   Once again price action is challenging that trend of descending lower highs but so far we have not yet proven the next high is not in line to be lower.
https://i.imgur.com/qGcQPC2.png

Right now the downtrend and weekly average are both in the same place.  Continuing each 4hr bar upwards from here no lower then this morning action (UTC) would prove to be especially positive.  Obviously previous attempts have not lasted long especially.  My overall take is these continued challenges like thin ice will eventually give way, we will resolve upwards.   My determination on that process is improved by recent weakness in dollar, I see DXY as peaking on a trend high.   However we need to see this process occur not just in speculation, I'am expecting weaker Dollar which flies against recent fear of higher rates from FED and so on; a tide change in Feb is possible still.

I have not seen Bitcoin having bullrun at the begining of the year as per last few years data it has always been the other way around, I don't think there would be any bullrun sooner but at the same time price will not drop like previous bearish market. Market will remains sideways for this month unless there is an breaking news impacting bitcoin like regulators floating one more earning against crypto or countries legalizing bitcoin, apart from any such news bitcoin will remain sideways atleast for now.

in my opinion what can be expected from February and we see the price stagnant trying to break the $39000 and if it succeeds then we will see the price recovering until the $47000, in the past years we have seen something similar so this is a story that if repeated. I particularly pray to be able to have money and buy more coins and make hodl, who knows I can make a good profit from it

From the sloppiness of the market, Bitcoin is likely to stay below the point you identified as the first resistance level at $44k for even up to a month henceforth. The graph is in the Daily timeframe and reversal can last longer than it will be in shorter timeframes. My submission is that Bitcoin is more likely to be bearish than being bullish this first quarters of 2022.

I really don't think the COVID thing has much negative (if at all, that's) on Bitcoin. After all Bitcoin had a tremendous run from late 2020 through 2021, and those were COVID years.

33k held but the real question is if the bounce from 33k the start of the trend up that would bring BTC up and break out to a new all time high or is it just a dead cat bounce that would take BTC to around 45k or 50k then go back to another draw down after that?  It’s a really hard question to answer.  And I really appreciate all the guys who chimed in and shared their thoughts.

But looking at the market now, I think we’ll be having a bit more bullish sentiment back.  It’s looking strong tbh.  

Bitcoin is now starting to get a price increase in the market, now the price is starting to move up towards the price of $40.5K from the initial bitcoin price which continues to play at the price of $37-$38K, hopefully the bullish phase seen now can last a long time, so that with so bitcoin will be able to break the price resistance at $41K to reach a higher price.

By the looks of it, bearish doesn't really look like the option it is taking right now. I am not saying that it will keep going like this but it is at least looking like it is doing alright. Sometimes it goes up in a single month, remember last years October? It went from nearly 30k to then suddenly 60k+ in the month of October. There is absolutely no reason why it can't do that right now neither, it could totally do something like that.

This is what I am expecting it to do, I could be wrong of course and it could do something lower but at the end of the day it is at least doing something decent and making a good amount of return. If it does what it did during October, there is no reason why we can't break ATH this month. If it can go from 30k to 68k back in October, it can very well do the same and a small bit more during this February as well and it is on a great path if it wants to do that.

It's this the break out run that we are hoping for to happen? Or this is another dead cat bounce? I was hoping and waiting for the price to really go down to $30,000 at least before buying and before seeing this jump.

But it seems this assertion is wrong, because we have broken the barrier of $40,000 and even go up and sustain the run. So again, bitcoin market never ceases to amaze us all, very volatile and now everyone seems to be covering their positions.

Today was an interesting day. This entire week Bitcoin was correlated with stocks. There were many bad earnings such as Netflix and Facebook and Bitcoin tanked at the same time as the stock markets. And yesterday when Amazon’s earnings came out it also went up with the stock markets.

However this morning the stock market was going down but Bitcoin was going up, it was actually decoupled before later on the stock market caught a bid and went up also.

So it seems many are selling certain stocks and going into bitcoin. So this month looks much more bullish than the last.

This is start of the next phase of the bull run. It was obvious that drop could only last so long, as holders kept accumulated the whole time and liquid supply of Bitcoin is super low, which is what always happens in the build up to a bull run. Once the short term investors panic sold all their bitcoin there was only one way Bitcoin could go from there. 2022 is going to be a big year for Bitcoin! $100k in second half of year.

Yeah, very interesting movement indeed, I myself belief that there is correlation between the stock market and bitcoin market. But when you said that stock market is down while bitcoin has a recent spike, maybe, just maybe there is some disconnect right now and decoupling. But I don't think we can conclude it right away though, maybe this is just one instance of decoupling. So we will see how things turns out this month, seems to be very bullish to me.

Theres always blood in the water after holiday season, I think its just like a wakeup from the complacency over the lower volume of all those no main market trading days.   This year we have the cold water shower of a war threat and together with FED at least appearing to be the bad guy taking away the easy money jar.
   My personal take and not everyone will agree is that FED only make moves with shadow gestures, in effect they have a very hard time doing anything resembling hard money.  Market has fear anyway because its so massively leverage to the weakening of dollar.   FED has indicated a reduction in fiscal deficits would aid a restriction to inflation but politics is unlikely to deliver, they cannot really counteract that effect.   Anyway none of this has to matter, its macro economic effects but dollar weakening is what I had expected from a chart which I will post since it so neatly adhered to that recently.
https://i.imgur.com/0UqI9xh.png
  I can remember a real hard money double digit rates policy and it could put BTC into 3 digits but we arent even on the same planet as those times right now hence I remain bullish and BTC moves in FEB ultimately are preparation for higher imo.  I'm listening to a fund manager and in the middle of his market estimate he says BTC 40k is bullish for stocks because it means risk is back on, he isnt wrong really but its funny as hell also  ;D                                                                                   

Nothing makes me happier to see the majority of people vote for dead cat bounce. Of course most votes probably came in the first few days, no one foresaw the jobs report and this rise post 40k. I always like when people are still i. Fear as this is when Bitcoin usually proves sentiment wrong.

As you say, though, resistance points yet to come. And it would be rather unhealthy for both to pass this month along. I am prepared, even hoping, we just stay above 40k for a good month or so before taking on 45k.

Yes, I think the majority who see a dead cat bounce and the reasoning behind. And it's early at that, bitcoin is going on a hard nose dive phase, December-January. No one foresee this one massive spike, going above $40k++.

We will see, I wanted to see $45k first and gauge where the market is going, happy though to hold still some of my BTC. Just selling some for the holidays, and then buying some during the fall.

As much as I'm keen to not let my optimism get the better of me, I've been familiar enough with the markets to know dead cat bounces simply aren't a thing with Bitcoin, at least not to the conventional understanding I used to have of it in pre-Bitcoin markets.

And yeah, let's see 45k first, let's see a string of bear failures to take that support down, then I'll be a bit more confident of another uptick level. Either way, I'm definitely not doing anything with my holdings until next halving (barring a shock ATH beyond my wildest dreams), so this is just entertainment for me.

I would vote the same today, because despite this little excitement that has come with this price increase, we are still on very slippery ground - which means that at any moment the price may turn red again. Maybe it's just a bull trap, it wouldn't be the first or last time that a lot of small fish will bite the hook.

Those so many, "if" in your submission truly shows how speculative the crypto industry can be. We all aren't certain where price could be headed and I believe that's what informs your use of "if" as a conditional marker. That's by the way, anyway. Sincerely, I don't see anything that will drag Bitcoin to hit a fresh ATH this month, not even in this first quarters. It will take a huge input and buy from a whale, possibly an institutional investor to kick-start that move. I don't think there's any ready to make that move yet for now.

I think this February is showing signs of a good start for bitcoin from bitcoin's slump from a few months ago.
And I see now the market is also increasing, even though it's still a few % up.
Hopefully bitcoin can still provide positive value for all of us and hopefully there will be more developments for this month.

It is funny to see a lot of ifs in one single post. But this is what speculation is all about. This is how we all end up after reading the charts looking for patterns. Of course our predictions are more likely to fail than succeed. That has been proven in our prediction history. But we are just trying to make sense of it all. But the end will always be up to the market which as we all know is still highly unpredictable.

I also don't see Bitcoin smashing the ATH within the month or even within the quarter. But if this current rally will only rest for a quick sideway movement before it resumes rallying again, it is indeed possible that the ATH will be smashed by next month. But that is already a very optimistic prediction.

I did not expect the market to recover like this in a short period of time and now maintaining above $41k is fine with me. I am not assuming the price to trouble the all time high valuation in the near future but if the market could stay afloat around these valuations then it would be great but my doubt is that the institutional investors will book their profit whenever there is a market movement and that is what i am expecting this time as well.

I feel like there’s a coordinated attempt at baiting and stop running short sellers right now in order to trigger their stop losses, thereby taking the market higher.  We’ve already seen one succesful attempt o couple of days ago and a couple of unsuccessful ones just today.  But I don’t think it’ll stop anytime soon.  We could even see BTC go over 45k this week.  *crosses fingers* 

What do you guys think?

Edit:  I’m hopeful it goes up and beyond  but then again I’m open to both scenarios. 

The price is now slowly climbing above $42,000. There is no reason to believe that things have now been turning the other way around. I don't want to be baited with these small rallies, but we can never tell. Either this will prove to be a bear trap and the price will still fall all of a sudden any time from now or this is indeed the signal that the bear is already off to its hibernation cave. With that, perhaps $50,000 should be a target within the month.

I think the market is bullish again. Since the second week of February, market movements have shown that bitcoin is starting to climb up to where the bitcoin price in the past week has managed to break through the resistance level in the range of $44k. if buying action continues to increase, then it is not impossible that bitcoin will push a significant price increase to print new ATH.

Base on the chart you provided one can confidently say that Bitcoin is on it way up already this is because there is no sign of a further decline in the market price of Bitcoin any more. And whoever choose that Bitcoin price will continue to go in a downward direction then such person should provide us with evidence of what factors will lead to its further decline in its value.

$48k might be a good gauge to see if we are bullish or not. I'm still not sold on the movement, $48k-$50k for me because we may be safe for now from the bears. Yes, it's good to see that we have broken $40k barrier and went as high as $44k-$45, but the price seems to be not building momentum on this price range. Of course who doesn't want a new all time high, but it's better to take it slowly an get to $50k first.

The bitcoin market has turned green again where the Bitcoin price has penetrated $44k again after being corrected earlier this year to the $36k area. The current upward trend in price is indicating that there will be a strong uptrend so that the next price target around $50k - $52k will be achieved again in the near future. So, I think the bitcoin market is bullish again.

It is good progress for bitcoin because we are close to $45k as bitcoin needs $100 to be at that price. So it could reach in shortly, and if everything goes well, we may see another bull run but I am not sure that the price will still increase after reaching $45k. Maybe after that, we will see another correction but that will not be a problem since we still believe that bitcoin will be back to $45k.

I am a bit surprised seeing how the bitcoin price moves today because I thought the price would get a correction as I see it is down for a little price. But I am wrong because bitcoin has increased, and I think some traders are making a nice profit at this moment.

I buy some Bitcoin during the dip for I believe that this month February will ever see recovery and fortunately, I was right. I'm not seeing the market will turn bullish in just a month as it was very unlikely but at least, we already see such improvements that could give us a positive insight of what possibly happens this 1st quarter.
Well, I predicted that Bitcoin will grow more this month but not that close to $50k.

We will never know which one it is, we just have to trust our gut about it. I am not really sure if it will continue to go up, or if it will fall but at the end of the day I still ended up buying and I am happy about my decision. If it goes under 39k then I would be in a loss for the latest trade, however since I am long and purchased a lot more earlier on, I could wait a lot longer before I sell hence why I am not worried. In my experience there is no wrong price to purchase, even 68k is a price you could buy, depending on when you want to sell.

So, the only thing that is right or wrong is doing a trade based on how long you want to hold. If you want to hold it for a week, then even 45k could be bad, if you are willing to hold for 10 years then even 68k is not a bad place to buy. Obviously it is better to buy cheaper, why would you pay more, but profitable and "best" are different things.

I think it's enough that it recovers after a dump and I still consider it as a bullish because despite of the FUD trying to shake the hodlers, only few are shaken. You did the right thing to buy during the dip since I believe we are still gonna see that $100k soon but I'd like to be rational so I think if it's going to break at $50k then there is a possibility that we will going to see how the $70k resistance break.

I think Q1 is interesting and I have a feeling that bear run is far from happening yet but there's a possibility that it will happen within this year but not yet until Bitcoin hits or break a new ATH. Although, it depends to the people though if they are going to panic then they would dump that's why a bear will come out.

The market isn't looking bearish or bullish at this moment. It's just keeping the stability really strong around 45,000$. It's a good signal anyway, especially after bitcoin suddenly dropped to 43,000$ again an hour ago or so, but instantly returned to the 45,000$ price range again, what means there are buyers putting a decent volume of money in bitcoin as soon as it drops a little below the currently stable price.
It shows optimism from investors and that they don't expect bitcoin to fall too deep before it rises to a new resistance level, that must be 50,000$.

Indeed. But some investors will not have a problem if the bitcoin price falls for a little price because that will be their moment to buy more bitcoin. If the investors know what the potential of bitcoin can bring to them, they will buy back at a much lower price because they consider that the price will be at a high price in the future. So in the last correction at $43k, they used that to buy back more, although we experience seeing $43k again this time. They will prepare to buy back again if the price is below $43k.

I voted for dead cat bounce since we are only talking for the month of February.

As we can see the price increase is not consistent yet and at this point there's a correction. Probably because of those investors who are taking profit for short term gain, hence I think we are not yet heading to bullish season.

Anyway we're still in the first quarter of the year so there are many unexpected things that can happen. I think it is now safe to say we are done on bearish season since the price is already above $40k, but of course it is still uncertain.

Yes, for the long term people can buy at any price. because if we look at the statics, long-term investors have always made profit.

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If the bitcoin price is above $50k by the end of February, then I think we can go towards all-time high.

Of course, because as long as they know how to hodl, they'll certainly make a profit since during the bull run, ATH will be achieve and that would result to a good profit margin especially if we are buying during the bear market run.

I would understand not considering this as a bullish season just yet, since we are only up like 15 to 20% from the bottom but at the same time calling that a dead cat bounce would not really work. I am not saying that it will not drop but we went up 15%+ already, dead cat bounce is something quick and something small that gives you hope for a second and then goes down.

This is not it, this is something of a big increase already and it did helped people make as much profit as possible with whatever we had right now and that is all we can see. I hope that people would realize that sooner or later because we are at the start of a good bull run if everyone joins in.

This poll is yet another proof that people always vote for their wishes not their speculation. The choice of words in the second option ("dead cat bounce") ensures this proof, specially if you consider that many of them "missed out" on buying the dip and regret that decision.

Don't look at that as Bouncing back because the price does not even crossing 50k and now starts to full down again.

so I think it is absorbing to take that a serious bouncing because like many speculative thread says, this may turn as Misleading and a real Bull trap.

I will take this as a momentum once the value Hit at least 55k again as the run may continue in making another ATH.

If you look at the price chart in the current crypto market, the downward trend in Bitcoin prices seems to continue until the end of this month and the bitcoin price has the potential to fall again below $40k. Though the price of bitcoin had touched the price range of $ 45k in the last two days. However, the price did not last long, and currently, the bitcoin price is trading at around $42k.

However that it may come back to $40k but there is a strong retesting of that range since a week ago and that has happened like 3 times. Usually in the market if that happens in such number of times it may push away for sometime and that was the reason price moved to around 44k and 45k. It is going to be a new trading week and lets watch volatility can do.

Lmao.  Uh..  No.  The ‘choice of words’ in the second option is a common term used in technical analysis just like ‘head and shoulders’, ‘double top’, ‘rising wedge’ and the like.  And it ‘could’ be because some guy prolly bought the bottom and thought it might be fun to start a poll and see what the sentiment in the speculation section is.

Ok...  So you’re saying ‘many people missed out’ the recent bottom and ‘regret it’.  What’s your take on the market?  You think it’s going to another all time high from here?

Yeah IMO I'm thinking that way that the price is going up back to ATH if you look at the volatility of this month that it is beginning to show to recover a little. A little more recovery will take price out from $43k to $50k above and that can begin the bull again. I'm hopeful for another bull to start as Russia discussing adoption of bitcoin any time soon.

Despite the fact that most people are skeptical about what is happening and expect a further decline in Bitcoin's price, I see more and more optimistic moods on the cryptocurrency market. Of course, anything can happen, but I am starting to see an improvement in the situation more and more and I believe that it is a return to the upward trend and the way to new ATH.

Feb will be positive but it looks like crossing the yearly average (https://i.imgur.com/BAFpN8H.png) or 50 week moving average will take most of the energy for this current month.  At present we have retracted from this area and are holding a little way below, I think this is still positive but a clear path upwards is not there with so much history in the price and volume of trades done prior.

The price tries to push the market and break the midrange resistance around $45500, but the ongoing market isn't able to do it. As a result the price has been getting moved between $42k and $43500. Inflation in US economy, the war urge between Ukraine and Russia are stated as the reason. Maybe after certain conclusion received on this issues the market could turn bullish taking support from the 50 Moving Average.

haha. yes it is a common term specially in the altcoin world referring to a shitcoin that gets pumped for no reason and has to be dumped down 90% :D
That's why it is weird to use it here.

I've said my take many times, I believe we were in a reverse bubble and the rise was the correction of the "undervalued" state. And yes we are on the way to another all time high but how long it would take and what route is not clear to me yet.

^  Kek.  It’s really a common term in trading be it shitcoins or BTC.  Remember BTC at Dec 2017 - Jan 2018 when it shot up to 20k then sold down to around 11k then went back up to around 17k then down again starting the bear market?  Yeah that was a dead cat bounce.  Same thing happened during Dec 2013 - Jan 2014.  That’s why I’m asking what everybody thinks will happen this time around.


^  Ok then let’s be more specific.  Do you think BTC will be at all time high again this year?

They can buy bitcoins with any amount of money and there is no limit to the amount of money they can use to buy bitcoins. If they can't buy large amounts of bitcoin, they can buy small ones and keep doing it repeatedly. The time to buy bitcoin is when the correction comes because it will affect the price of bitcoin and often, we see the price drop drastically. So if you want to buy bitcoin, make sure that the correction has come and the price can drop lower than yesterday's price.

Like what the voting result , it is Dead cat bounce , though i voted for I Don't Know , yet i also believe that the Dead cat bounces.

there is no happening as repeating from the past , and comparing this year to the previous(in which multiple ATH broken) is not fair , maybe in the following year? 2024 or 2025? this might happen i guess .

It can be its way to ATH but not this month and so I voted the Dead cat bounce as that is likely to happen. We have this sentiment early this year and the same scenario that we have seen, this sentiment can be in a long stay and it probably covers the entire 1st quarter of this year. I'll be wrong hopefully, but the market isn't looking good as into recovering, it pumps today and drops again in a few days. It is moving like a roller coaster by now and that is really hard to tell what next as hypes can't be possible this time.

whoa re you to tell him what or not to ask?  he is asking about the sentiment of each individual who invest in market as what they are expecting this month.
he is not forcing you to answer and your shitpost does not need in this thread.

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I am not expecting any good this month so i will continue holding instead.

And just as when a lot of people started to get bullish again, the trading gods decided to flip the doom switch and get BTC back down below 40k again.  Such a cruel game.  Not even the guy who tried to stop run the short sellers could do anything.  

Can’t wait for next month.  I wonder what March would bring.  I hope a healthy dose of bull and a huge amount of pump.  BTC is due for another one.

Edit:  Oh oh!  Our stop running guy is back guys!  Gooooo!!!

I think the current increase in bitcoin prices shows that bitcoin is back in a bullish trend. going forward the price of bitcoin continues to strengthen slowly. Moreover, the current increase in bitcoin prices is driven by some positive sentiments that have occurred in the last few weeks. One of the positive news is that India has decided to adopt crypto and consider it a legal asset in the country. Therefore, I believe that this year we will see more and more new ATH.

^  Dunno...  I mean I was hopeful but as the month passed, it’s more looking like it’s done.  BTC did a strong bounce from 33k and hit local top at 44.5k - 45k twice then down again.  There’s a small bounce right now but that also looks like it’s losing momentum.  There’s just not enough new money coming in anymore.  It’s obv not the same conditions we had as last year.  But we’ll see..  I could be wrong.

Locking the thread in a couple of days.

I stopped expecting anything when market moves like this so I voted for "Dont Know" because this is the safest answer i guess.

In January i already stop pointing my mind into something high nor even in something good because i accept that fact that what 2021 brings is more than what i asked for years so this year after the Hype? will surely brings falling market.

It is not explanation is what needed here but our stand to what we believe will happen this month .

Yeah, and it shows that February is not really a strong month for Bitcoin... again. We have a good bounce to $45,000 attempted to break that barrier twice but to no avail.

And as we end this month, we might be in the same position as we enter it, going $35,000 now. Seems another set of sellers are on the move. Not sure what the reason again, we have top to $38k yesterday but now it's an avalanche of selling again. Might be taking profits and then there are panic sellers.

^  I think we got our answer a few hours ago.  Lots or traders got spooked by Russia’s military movement near the borders of Ukraine then the next day Russia went for it causing the market to sell down some more.  Sucks...  But it seems to look fine atm.  There were short sellers that seemed to cover their positions minutes after US the session started.  I guess they thought US stocks were going to nuke after gapping down at open.  But no, it’s clawing its way back up.

But we’re not out of the woods yet.  Level to watch is around 32.9k.  If that breaks, watch July 2021 lows.  Just IMHO.