BTC Sentiment Poll for Feb

[buwaytress]

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.

[cryptomaniac_xxx]

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.

[buwaytress]

Nothing makes me happier to see the majority of people vote for dead cat bounce.

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.

[Lucius]

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.

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.

[Mpamaegbu]

~snipped~

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.

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.

[aruldaroy]

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.

[Fundamentals Of]

~snipped~

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.

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.

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.

[eaLiTy]

~
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.

[tokeweed]

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. 

[Fundamentals Of]

~
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.

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.

[StreakW]

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.

[TheEconomists]

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.

[TravelMug]

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.

$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.

[bots1]

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.

[michellee]

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.

[Ziskinberg]

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.

[tygeade]

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.

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.

[Oceat]

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.

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.

[uneng]

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$.

[michellee]

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$.

I don't think any investor expects bitcoin to fall, because of the many coins that exist, bitcoin is the only one that can have a good impact on investment, the correction phase is influenced by the greed of big investors in controlling bitcoin coupled with market sentiment as if bitcoin should go down in a short period of time. the lowest price, today bitcoin has returned to a good track, although not as normal as before, I think the bullish point will return in the next few months.

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.