BTC Sentiment Poll for December

[sana54210]

Ever since Monday we've been witnessing what I like to call "bear desperation". This is what we saw during the 2017 bull run often too. Each time there was a recovery after a drop, the bears refused to accept the trend reversal and started trying to dump to push the price down and keep the bear trend alive. We've been having about 5 days of it now.
Although it doesn't seem they can win but we have to wait and see how much longer they can postpone reaching $50k...

True, I really don't know what's that kind of mentality of the bears though, I mean they keep on fighting a losing game here. Yeah, they could have succeeded to almost break it down to <$40k, but look at where the price is now, so it's a futile act and it could be what you call desperation.

They can't stop it anymore, the herds have left already and keeps on running despite obstacles that bears are putting along the way.

The bears are just postponing the inevitable goal for this year and that is at least $50k and more than 120% growth since the last lowest low for this bear cycle at $15,500.

Well, they want to make as much profit as they possibly could, so they will try to make it work as long as they can afford to, if that means 41k then it is 41k ,if it means 30k then it will be 30k until they stop.

This time it was a quick one and we won as the bull lovers, but that doesn't mean that we are always going to win, there are times when the bear ones end up winning as well, so we need to be careful and we need to be ready for anything. I get that it is not that simple and it is just the two of us, it is not always bull or bear, sometimes it is stagnant and maybe we need some period of stagnancy in order to make it work, otherwise we are going to end up with a lot of loss and should be worried about the case more often than not.

[Fatunad]

Ever since Monday we've been witnessing what I like to call "bear desperation". This is what we saw during the 2017 bull run often too. Each time there was a recovery after a drop, the bears refused to accept the trend reversal and started trying to dump to push the price down and keep the bear trend alive. We've been having about 5 days of it now.
Although it doesn't seem they can win but we have to wait and see how much longer they can postpone reaching $50k...

True, I really don't know what's that kind of mentality of the bears though, I mean they keep on fighting a losing game here. Yeah, they could have succeeded to almost break it down to <$40k, but look at where the price is now, so it's a futile act and it could be what you call desperation.

They can't stop it anymore, the herds have left already and keeps on running despite obstacles that bears are putting along the way.

The bears are just postponing the inevitable goal for this year and that is at least $50k and more than 120% growth since the last lowest low for this bear cycle at $15,500.

Well, they want to make as much profit as they possibly could, so they will try to make it work as long as they can afford to, if that means 41k then it is 41k ,if it means 30k then it will be 30k until they stop.

This time it was a quick one and we won as the bull lovers, but that doesn't mean that we are always going to win, there are times when the bear ones end up winning as well, so we need to be careful and we need to be ready for anything. I get that it is not that simple and it is just the two of us, it is not always bull or bear, sometimes it is stagnant and maybe we need some period of stagnancy in order to make it work, otherwise we are going to end up with a lot of loss and should be worried about the case more often than not.

We've seen those significant rise but it didnt really that take off totally on which we dont really be able to break up that 45k barrier and now we are consolidating into 40k+ levels on which it isnt really that bad either.
There are really just those people who are really that too optimistic to the price on which we cant really blame them on considering about Bitcoins potential and possible movement into those price then we are really
expecting something more. We've seen on how many times that Bitcoin do make out some shocking or surprising movement specially on the month of December. We are still halfway before ending this year
or month on which we cant really make out some conclusions yet that we are really that being stagnant as of this moment.

So far, there were no negative sentiments that could crash up the market but we cant really be that so sure since we arent still that ending up with this current
market condition on which anytime there might be some shocking news but lets hope that there none. 

[tokeweed]

As per tradition of these threads, I locked the poll at the middle of the month.  

Even though we're seeing BTC go down a bit, it's still up 11% for the month which is really good imho.  Looking at the monthly chart if you use candle bodies instead of wicks as resistance or support, the next resistance could be around 46k for the flip.  If we go up through that and it flips 46k from resistance to support, we could see BTC go after the highs.  

I think I have an idea what the next poll would be...    

[Sebas.tian]

$40k to $45k is the price I expect in December. I don't know why some of us have lost optimism regarding the existing positive trend, but perhaps it is true that correction is something that cannot be ignored.

The price of bitcoin has risen almost 130% in the past year, but the price is still minus about 43% from its last ATH. This trend should be sustainable as I think big investors are ready to spend a large portion of their budgets buying bitcoin. After all, we are also getting closer to the halving and it is one of the good fundamentals to expect a massive price increase. I hope there is no correction and this positive sentiment continues.

I think, the price will increase above $45,000 before the end of this year 2023 but it will not reach $65,000 because the green candle is still on which it can lead the price to reach my expectations $50,000 before I can sell to make a huge amount of income from my investment this year. I know something can still happen before the bullish season appear but there is a clear evidence that the price of Bitcoin will not end up in $40,000, because the price has reached $43,000 few hours ago and it will still go higher before the end of this week. Those that will continue holding their Bitcoin till next year will also get it right with their investment because it will be massive pumping from next year for both long term holders and short term holders to experience passive income.

[FinePoine0]

With a zoomed out view say to day/week I think we are already in a bull market. I don’t see any reason why we won’t continue increasing in price, the trend is there last number of weeks. Sure there might be some weeks in future it pulls back but generally zoomed out will increase over time.

If you adjust the last ATH and add inflation in usd$ it puts it at about $88k, we are halfway there. Another way to look at it with inflation in mind were close the price pre crash with Ftx. Feels like a recovery tbh.

Its going be hard to call what weeks and months will be uppity but there is going to be some surprises good and bad along the way. Are you prepared?

One thing I noticed today is that I see the bitcoin price moving up a bit. Bitcoin halving is near due to which the price of Bitcoin is increasing rapidly. At the moment the Bitcoin market has been in a bit of a bullrun, from here the price of Bitcoin is definitely more likely to go down. I think investors will have another opportunity to buy Bitcoin. At this opportunity all investors will continue to hoard bitcoins for the 2024 halving in large scale.

[STT]

Thats a good graph, simple amalgamation across many years.   I think the conclusion we can easily realize resistance here is a fair one and the mirror of that is possibly a range with lower support around mid 30's to 40k could occur.  
  Lets be optimistic and say 40k for support, I have the 50 day average about there.   Staying above that measure still makes us strongly bullish like the early days of 2021 when there was alot of profit taking but still a good trend up intact.   If we havent even lost 42k in this week and the next then we arent even testing strength to that extent and I'd agree an attempt to surpass that resistance overhead becomes more probable and further gains and occur.   Maybe we stay bullish all the way upto halvening, I did not hope we'd be that positive tbh its often more complicated and testing.

[Baofeng]

$40k to $45k is the price I expect in December. I don't know why some of us have lost optimism regarding the existing positive trend, but perhaps it is true that correction is something that cannot be ignored.

The price of bitcoin has risen almost 130% in the past year, but the price is still minus about 43% from its last ATH. This trend should be sustainable as I think big investors are ready to spend a large portion of their budgets buying bitcoin. After all, we are also getting closer to the halving and it is one of the good fundamentals to expect a massive price increase. I hope there is no correction and this positive sentiment continues.

I think, the price will increase above $45,000 before the end of this year 2023 but it will not reach $65,000 because the green candle is still on which it can lead the price to reach my expectations $50,000 before I can sell to make a huge amount of income from my investment this year. I know something can still happen before the bullish season appear but there is a clear evidence that the price of Bitcoin will not end up in $40,000, because the price has reached $43,000 few hours ago and it will still go higher before the end of this week. Those that will continue holding their Bitcoin till next year will also get it right with their investment because it will be massive pumping from next year for both long term holders and short term holders to experience passive income.

Still $43k++ at this point, so yeah, maybe $44k-$46k will be the highest that we can achieved for this year. $65k is too much to imagine right now, even if we are very positive this December, it's going to be very difficult to see that price.

Maybe if there will be approval early next month, prices is going to go up above $50k but not for now.

So still plenty of time to accumulate and wait will be for next year, approval or not, we still have the catalyst which is the block halving around April. So everything is going to be bullish for us.

[YUriy1991]

Even though we're seeing BTC go down a bit, it's still up 11% for the month which is really good imho.  Looking at the monthly chart if you use candle bodies instead of wicks as resistance or support, the next resistance could be around 46k for the flip.  If we go up through that and it flips 46k from resistance to support, we could see BTC go after the highs.  

Judging from the candles, the numbers will rise again even though in two days some people are celebrating big holidays. The price is currently running at $43,640 and heading towards $46,000, maybe it won't be long before the buying demand comes and the selling action decreases, although there are some who do it for the above. yes. we are all here watching BTC chase its highest point again.

[kentrolla]

Thats a good graph, simple amalgamation across many years.   I think the conclusion we can easily realize resistance here is a fair one and the mirror of that is possibly a range with lower support around mid 30's to 40k could occur.  
  Lets be optimistic and say 40k for support, I have the 50 day average about there.   Staying above that measure still makes us strongly bullish like the early days of 2021 when there was alot of profit taking but still a good trend up intact.   If we havent even lost 42k in this week and the next then we arent even testing strength to that extent and I'd agree an attempt to surpass that resistance overhead becomes more probable and further gains and occur.   Maybe we stay bullish all the way upto halvening, I did not hope we'd be that positive tbh its often more complicated and testing.

I vouch the same though as I thought there would be some pull back or market correction this month but things seems to be positive as there was a slight fluctuation but we have recovered and still trending above $43K this is a good sign which gives us more confidence that market is going to stay upwards even till the halving. If it remains above $40k till halving then sure shot we will see new ATH, let's see what Bitcoin have in store for us.

[tokeweed]

^  With the sell down that just went on a few hours ago, the daily chart shows that BTC has somewhat found some resistance against a local high point it had at December 8.  But then again for what we're trying to do for this thread, the monthly chart shows BTC is up around a tad over 13% which isn't really bad at all.

And the weekly isn't really looking that bad from an optics' point of view which could mean we're in for another leg up...  So yeah, pick your poision and hope for the best.  Stay safe out there guys.

[EarnOnVictor]

With a zoomed out view say to day/week I think we are already in a bull market. I don’t see any reason why we won’t continue increasing in price, the trend is there last number of weeks. Sure there might be some weeks in future it pulls back but generally zoomed out will increase over time.

If you adjust the last ATH and add inflation in usd$ it puts it at about $88k, we are halfway there. Another way to look at it with inflation in mind were close the price pre crash with Ftx. Feels like a recovery tbh.

Its going be hard to call what weeks and months will be uppity but there is going to be some surprises good and bad along the way. Are you prepared?

One thing I noticed today is that I see the bitcoin price moving up a bit. Bitcoin halving is near due to which the price of Bitcoin is increasing rapidly. At the moment the Bitcoin market has been in a bit of a bullrun, from here the price of Bitcoin is definitely more likely to go down. I think investors will have another opportunity to buy Bitcoin. At this opportunity all investors will continue to hoard bitcoins for the 2024 halving in large scale.

But now, Bitcoin is selling, it had a good bearish confirmation on the daily chart yesterday and it sold for it, which I also took my opportunity from. This is highly anticipated and a reason why I have strongly believe that Bitcoin might not hit the widely expected $45,000 again this year. But a lot of surprises might happen next year as I believe that, before the end of the year, the asset might have hit $100,000 already. But let's not get excited yet, let us leave by what we see at the moment, but one thing that is sure is that Bitcoin is bullish in the long-term disposition but might be selling and buying intermittently till next year. Nonetheless, for those who are smart investors, a simple buy-on-fall and sell-on-rally approach might be the best for now as the market might have entered a range condition that might see it protecting $45,000 on the higher level and $40,000 psychological level on the lower end. So, buying close to $40,000 and selling close to $45,000 can't be a bad idea now. Yet, the use of stop loss is advised, which I believe should be tight enough in case there is an eventual breakout that is successful on either side. In light of this, we should hold our further bullish or bearish plans till next year as I see nothing significant happening again this year.

[Yaunfitda]

^  With the sell down that just went on a few hours ago, the daily chart shows that BTC has somewhat found some resistance against a local high point it had at December 8.  But then again for what we're trying to do for this thread, the monthly chart shows BTC is up around a tad over 13% which isn't really bad at all.

And the weekly isn't really looking that bad from an optics' point of view which could mean we're in for another leg up...  So yeah, pick your poision and hope for the best.  Stay safe out there guys.

Still good to see the price at $42k but it's not that what we expect it to be, I mean we thought that $45k could be the price, but let's see. Well I don't think it's poison though, just another minor dip, the normal cycle that we have been seeing.

So $42k for now, less than 3 days, if it can go up and put the price around $44k that will be huge end price. So with that, happy new year to everyone and hope that 2024 will be fruitful to everyone.

[pooya87]

Still good to see the price at $42k but it's not that what we expect it to be, I mean we thought that $45k could be the price, but let's see. Well I don't think it's poison though, just another minor dip, the normal cycle that we have been seeing.

So $42k for now, less than 3 days, if it can go up and put the price around $44k that will be huge end price. So with that, happy new year to everyone and hope that 2024 will be fruitful to everyone.

Yeah, things are bound to slow down as the year comes to an end. In a couple of weeks things could pick up again and start rising as we enter the new year and the market "thaws" lol
If the same momentum continues next year, we could easily see $50k in a month. The possibility of this is high considering we don't have any indication of further interest rates rise after it failed to affect inflation.

[tokeweed]

^  ^  Yup to the both of you guys.  I don't get why there are a lot of people at CT who try to analyze the PA too much to the point that they have funny conclusions that 'it's over' then after just a couple of weeks they go 'we're back'.  But yeah they could just be messing with everyone.

Anyway yeah as long as there aren't any last minute shenanigans happening I think we're getting out of the woods this time...

Stay safe out there guys.

[Out of mind]

December 2023 was an important month for Bitcoin, where the price of Bitcoin reached an all-time high and peaked. December's Bitcoin charts were fantastic which investors were very happy to see, the Bitcoin market has seen almost the most growth this month. Whereas compared to other months we have seen Bitcoin price exceed $44k dollars in December. Many thought that Bitcoin price would peak at $40k this month, but it has risen even more than that. Since we have seen the Bitcoin price increase tremendously in 2023, we can expect more growth in 2024.