BTC Sentiment Poll for Feb

[tokeweed]

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.

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[Kasabus]

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.

[dothebeats]

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.

[Yaunfitda]

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.

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.

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.

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.

[Ararbermas]

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.

[tokeweed]

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. 

[Lucius]

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🐱

[Doell]

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

[el kaka22]

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.

[Husires]

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)

[hatshepsut93]

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.

[STT]

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 :

[aoluain]

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🐱

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"

[aruldaroy]

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.

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.

[traderethereum]

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.

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.

[Wexnident]

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.

[Kemarit]

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.

[bbc.reporter]

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 :

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.

[adaseb]

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.

[GeorgeJohn]

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.