BTC Sentiment Poll for April

[Dave1]

Both, S&P 500 and Nasdaq moved up by over 2.5% while Bitcoin did almost twice as much. What's comforting, both indices were in red yesterday but bitcoin went up anyways, which shows that the cyclical pattern might actually be stronger than the correlation with traditional stocks.

That's crazy, although we said that we're decoupling with stocks market, we moved more way than them, resulting in a huge pump in a price.

Right now we're trading above $91k, which is great to see after a prolonged period of stagnation, but it's a bit too soon to call it a breakaway. If it carries on moving up for another 2-3 days, or at least if the price manages to stay above the $90k, that would be a sign that the bull run in this cycle is not yet over.

Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?

I'm seen the price hitting $95k right now, so this uptick in price is going to continue and maybe the next target is really that big 6 digits again. Exciting to see it as the investors are very happy and could pour their money again.

[Yaunfitda]

Nice news for end of April, its pretty much confirmed a breakout of the prior negative trend.   I think BTC can do much better once its beaten all these negatives in a row, also passing through the 200 day average here.
 I presume when released from its prior range BTC can refill and retrace the pattern of last autumn and we can measure strength relative to that prior action.



Next target to beat would be 96.5k but so long as DXY continues weaker I see no reason why not even if wider market might be negative looking.

Hopefully we can get to $96.5k, it seems that we have reach $95k, but there are a lot of selling pressures, so we did go down a bit to $93k right now. But let's see, if we have this kind of bullish momentum then it's hard to stop it. Maybe for others this could be a false breakout, so if everything settles down this week and the price is still above the $90k then this is really another indication that bull-run has return to the market despite the noises around like the tariffs and everything that Trump do. And for the reported whales who have been buying Bitcoin in billions when the price is around $76k, then it's a huge profits already for them seeing the price going above the barrier of $90k.

[john_egbert]

Right now we're trading above $91k, which is great to see after a prolonged period of stagnation, but it's a bit too soon to call it a breakaway. If it carries on moving up for another 2-3 days, or at least if the price manages to stay above the $90k, that would be a sign that the bull run in this cycle is not yet over.

Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?

I'm seen the price hitting $95k right now, so this uptick in price is going to continue and maybe the next target is really that big 6 digits again. Exciting to see it as the investors are very happy and could pour their money again.

We should just continue playing into the waiting game: nothing wrong with hodling fore more time and see the targets reached eventually.

And it's indeed wonderful to see the confidence slowly returning back to the market.

[Kemarit]

Right now we're trading above $91k, which is great to see after a prolonged period of stagnation, but it's a bit too soon to call it a breakaway. If it carries on moving up for another 2-3 days, or at least if the price manages to stay above the $90k, that would be a sign that the bull run in this cycle is not yet over.

Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?

I'm seen the price hitting $95k right now, so this uptick in price is going to continue and maybe the next target is really that big 6 digits again. Exciting to see it as the investors are very happy and could pour their money again.

We should just continue playing into the waiting game: nothing wrong with hodling fore more time and see the targets reached eventually.

And it's indeed wonderful to see the confidence slowly returning back to the market.

Yes, this is a long game for the most of us, we don't sell this early just for quick buck. We are not that greedy, but with Bitcoin's history, if we just could hold for a little longer, at least at the end of the year then we will maximized our profits, very easy strategy and it's no secret.

Confidence is still here though as we are in the bullish sentiments, it's the market has been affected by so many negative news that we go down to as low as $76,000 if I'm not mistaken. And with the current price, we've gain a lot so it means that they still have faith in the market and I do agree that if we don't see 6 digits at the end of this month then maybe in May we will accomplished that again bringing more assurance that a eventual bull run and parabolic rise in the future is going to happen.

[pawel7777]

(...)
Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?
(...)

Still a little too soon to say, as we've only been above the $90k for less than 3 days, but it looks like we could be back. We're still at the mercy of macroeconomic news and the development of the tariff wars, but the confidence in stocks and crypto markets is returning. Fear & Greed moved sharply up and is now in the Neutral territory.
The real question is whether we'll see a repeat of the double-top scenario from the 2021 cycle, with the new ATH only slightly above the first top, or are we going to see a proper rally, maybe to the $150k region as many were predicting, before we got struck with that correction.

[STT]

DXY is stabilizing a bit and nearing to 100 as if it might break above possibly, not a great problem and market might turn positive which is reflected in BTC perhaps.   Dollar recovering all of its prior strength would mean the rise from the prior downtrend might be alot slower then I hoped for, 100k by end of month seemed fair to me.  If you consider 100k could have any magnetic allure to speculators then it should happen.

We are above 94.3k which is a Fibonacci level but not sure its going to help release this next stage of positive gains or not.  Passing here and confirming higher would for me make the old ATH, a similar price to inauguration day would be quite normal for BTC to return to.    So close of the weekly bar soon and lets see if it can post above that price for gains next week to end the month on a relative high.
  Regardless of fib or any other measure, this is just simply the recorded lows of many BTC weeks of price action stretching from Nov to Feb so theres some volume and significance in this area from any perspective and its somewhere to watch.

[bbc.reporter]

Both, S&P 500 and Nasdaq moved up by over 2.5% while Bitcoin did almost twice as much. What's comforting, both indices were in red yesterday but bitcoin went up anyways, which shows that the cyclical pattern might actually be stronger than the correlation with traditional stocks.

That's crazy, although we said that we're decoupling with stocks market, we moved more way than them, resulting in a huge pump in a price.

Right now we're trading above $91k, which is great to see after a prolonged period of stagnation, but it's a bit too soon to call it a breakaway. If it carries on moving up for another 2-3 days, or at least if the price manages to stay above the $90k, that would be a sign that the bull run in this cycle is not yet over.

Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?

I'm seen the price hitting $95k right now, so this uptick in price is going to continue and maybe the next target is really that big 6 digits again. Exciting to see it as the investors are very happy and could pour their money again.

It appears that this decoupling that you have mentioned is becoming the next big storyline in the cryptospace. However, the contrarian in me will also become again skeptical of this is embraced by everyone.

According to this article, there are megaforces that caused Blackrock to declare that bitcoin is decoupling from stocks similar to what you have said. I hope this is correct and the bear market is over.



It all began as a narrative from Bitcoin advocates. Now the largest asset manager in the world is saying Bitcoin has decoupled from tech stocks.

“If you zoom out, you tend to see the longer term fundamental thesis of Bitcoin really drives it to behave differently to traditional assets,” Jay Jacobs, BlackRock’s US head of equity ETFs, said on CNBC’s Squawk Box Asia.

“Crypto over the long run is decoupled from tech stocks.”

Jacobs words carry unprecedented weight in a conversation long dominated by the Bitcoin faithful.

Read in full https://www.dlnews.com/articles/markets/blackrock-says-geopolitics-leading-bitcoin-decoupling/

[JoyMarsha]

Right now we're trading above $91k, which is great to see after a prolonged period of stagnation, but it's a bit too soon to call it a breakaway. If it carries on moving up for another 2-3 days, or at least if the price manages to stay above the $90k, that would be a sign that the bull run in this cycle is not yet over.

Yes, I still remember that you question whether we are in the bull run or not, so I guess you got your answers right?

I'm seen the price hitting $95k right now, so this uptick in price is going to continue and maybe the next target is really that big 6 digits again. Exciting to see it as the investors are very happy and could pour their money again.

We're in the last days of April, heading to May in no short time. We can say that May will be a beautiful month for Bitcoin; Bitcoin will go higher, not fall below the price of $85k if Bitcoin should depreciate. However, I am anticipating a price range of $90k above in May

[OgNasty]

Personally I am extremely happy with the developments I’m seeing in the Bitcoin community. Adoption by major companies is finally happening and best of all, the influx of new users have been noticing the abuse by the Bitcoin Core team and calling it out. Common sense is starting to prevail. You won’t be able to talk about it on this site, but major fundamental changes are coming to Bitcoin.