BTC Sentiment Poll for Feb

[arwin100]

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

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.

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[Fundamentals Of]

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.

[justdimin]

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.

[LogitechMouse]

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 .

[doomloop]

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 .

[SquallLeonhart]

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 .

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.

[Natalim]

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.

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.

[Fundamentals Of]

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.

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.

[STT]

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.


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.

[kentrolla]

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.

[Slow death]

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

[Mpamaegbu]

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

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.

Covid restrictions gradually being lifted everywhere in the world. Don't discard a possible euphoria reaction in all markets soon. Not guaranteed but within the realm of possibility.

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.

[tokeweed]

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.

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.  

[poldanmig]

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.

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.

[el kaka22]

My submission is that Bitcoin is more likely to be bearish than being bullish this first quarters of 2022.

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.

[Kemarit]

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.

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.

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.

[adaseb]

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.

[thecodebear]

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.

[Baofeng]

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.

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.

[STT]

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

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.

  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