BTC Sentiment Poll for April

[tokeweed]

After failing to stay above 44k - 45k, it's hard not to feel bearish...  And sure, that could be the sentiment right now but the question is are we really technically entering a bear market?  Just curious what you guys think.  I won't join the poll but I think if BTC breaks down below 28k - 30k that's when it starts being a full blown bear market.  You guys could have a different take.  Would like to know them.

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[NeuroticFish]

Just curious what you guys think.

While half of my brain is screaming "OMG it's starting, not agaaiiinnn...", the other half is "calm down, you know that most of those $10bn for buying bitcoin are still unspent, you know that when the price will go down some institutional buyers will probably jump in to buy moar". So I don't know... is it indeed bearish? I can understand that fear is gaining. But 2 weeks ago some were preaching that we are bullish... we are switching too often, too fast between greed and fear. I'd still consider it undecided for now.

[coolcoinz]

If you need bitcoin to fall from 48k to 40k to start feeling bearish just acknowledge that it might already be too late. The moment to feel bearish was at the top when the price was struggling to stay in the 45-50k range. If you did not feel the pressure then and missed the 45-40k sell off, where most of the traders got rid of their short-term orders, don't panic now, you just missed the squeeze, which is fine, there will be another one.

For me a price going back into the low, stable range of 35-40k is a moment to start feeling bullish.

Smart people sell into strength and buy into weakness. You can see it happen by watching this address. This person always sells pumps and buys dumps.

[uneng]

From 42,000$ to 39,000$ in one day... These are the most recent fluctuations on bitcoin market. April started really good, but almost reaching at the middle of the month, I see bitcoin has lost breath to keep the tendency. There isn't enough demand yet for a new bull run. Bitcoin is walking in circles since the beginning of this year without any major advancements. I see the market sentiment is leading to more stagnation yet.
Not the war or the end of the pandemic were enough to push bitcoin to the 50,000$ price range, although many investors are still expecting it to happen this year. Maybe the second semester of 2022 can finally bring the wind of change to crypto market! Well, there's no harm in dreaming...

[d5000]

The chart you're displaying shows well that the bullish trend channel which began in January is still not broken.

Currently the bottom of the main trendline is between 39,5K and 40K; if we take into account the dips into the lower 30Ks, then the bottom is currently at about 36,5-37K USD.

My theory for this "bearish move" is that the bottom of this channel wasn't tested for a long time and the resistance mentioned in this Wall observer post at about 43.3K wasn't broken thoroughly, so a selloff of short-term orders and a downward move was to expect.

My sentiment is currently "sideways"; there's a good probability we can continue in this bullish channel but it's not going to be straightforward. So I've voted for "no", if we're in a bear cycle it didn't start "right now" (I agree here with @coolcoinz).

[proudhon]

I answered "No" because it entered a bear market a long time ago and will never exit.

[laredo7mm]

After failing to stay above 44k - 45k, it's hard not to feel bearish...  And sure, that could be the sentiment right now but the question is are we really technically entering a bear market?  Just curious what you guys think.  I won't join the poll but I think if BTC breaks down below 28k - 30k that's when it starts being a full blown bear market.  You guys could have a different take.  Would like to know them.

If you check the current market situation then you will see there is not any negative news about the market but still dumping. There was a heavy resistance at 40k level and that broke like nothing. It's a bad scenario for the market and indicates a bearish trend.

There was some spike because of Terra lunas BTC buying which didn't last long. But 28k or 30k mark loss is pretty impossible to break in my opinion. Rather we could be the market goes back to 33k to 35k range once more and move sideways for some time before it goes up again. This is just a prediction and could change in any circumstances.

[sheenshane]

I voted "No".

We're still in a healthy market, the reason that I didn't watch the market by month(s), it should be by year.  Because if you compare this year compared the last year 2018 when there's a bear market is totally different and for sure it will never come back or let's say repeat itself.  I always think bullish trends will near come, the graph that you've shown is just a normal correction that could be triggered to become bullish again.  Bitcoin is already in the mainstream and many individual people, and public and private institutions already accepted it, I dont think there will be a bear market.

[adaseb]

Yes it’s not looking too bullish anymore. That $44K area was important because it was the pivot bitcoin needed to break after it made its failed low on the daily chart. However it looked like a head flake.

This is bad considering that Luna bought over a billion and Saylor bought more but price still is going down. It means that the markets are very nervous right now.

Tomorrow is going to be another high CPI print. So seems like it was good for Bitcoin in the past but now it’s bearish because rates might go up faster. So who knows where it’ll go in the mid terms.

[bbc.reporter]

I voted no idea. I speculate Do Kwon might be still cause another pump, sorry pooyah87 I do not know what word to use. However, yes, $10 billion within 3 months is still very much a large amount of money to invest in bitcoin. It certainly is the largest amount publicly declared to buy bitcoin. I reckon bitcoin might presently be lower if not for Do Kwon's market buy since March.

[lornadane]

I answered "No" because it entered a bear market a long time ago and will never exit.

Even though it is still considered to have not come out of the bear market, there are already good signs of bitcoin price developments.
Even though the current bitcoin price is still below $45k, however, market sentiment is still happening.

[el kaka22]

I said no but at the same time we have no idea . I mean that is the trick with these questions, my "guess" is that it won't, but at the same time "bear" is dropping in price to some people and staying at these levels for others. If it means staying around here, then I agree, it could stay around these prices but if it means dropping some more, I do not think that it will go down enough to consider it a bear market.

We also have to consider that none of us "know" what will happen, we try to guess it but we do not know it. My guess is that it will not go down, but can I 100% guarantee that it will not go down? Of course not, it is just a prediction coming from a gut feeling, that's all.

[NeuroticFish]

I answered "No" because it entered a bear market a long time ago and will never exit.

Since we came into some sort of fear zone, I see you are pretty much back to life.
And your answer... made me smile again. At least it's a bit different than the old "science out of the belly" thing.

Even though it is still considered to have not come out of the bear market, there are already good signs of bitcoin price developments.
Even though the current bitcoin price is still below $45k, however, market sentiment is still happening.

You really should not take serious the oldest price troll we have on the forum...

[Baofeng]

I voted Yes, sorry guys.

I think the market could be in the bearish trend since January, except for some pump from some entity specially coming from Luna. But it is not enough to push the market to even surpassed $50k. But in order to get up and see a good price increase to even topple $50k, we might need to see another lows being hit this year.

[Ararbermas]

After failing to stay above 44k - 45k, it's hard not to feel bearish...  And sure, that could be the sentiment right now but the question is are we really technically entering a bear market?  

Well it looks like a correction, and for me although it didn't respect the current demand zone, probably it's not a big reason that we will enter in bear market again, because as you can see the structure still higher highs and there's a strong resistance below as well to test which is around 36k.  So we cannot really tell at this moment.
IMO let's wait for more results because surely there will be a changes soon. Infact there's a lot of good news about bitcoin these days, so i have doubts this is just a correction.

[tabas]

I think if BTC breaks down below 28k - 30k that's when it starts being a full blown bear market.  You guys could have a different take.  Would like to know them.

We have the same thoughts about it entering those prices. Honestly, for me, I've got a higher price to think that it will have a hard time recovering.
So if bitcoin enters $36k and doesn't go back to $37k - $40k quickly then that's the sign that I'm waiting for. I haven't voted yet and I'm still optimistic that it hasn't entered yet the bear market or did we already enter it right? a year ago.

[Lucius]

This decline does not surprise me at all, because if we look at the chart from the beginning of this year, we can clearly see that the same thing has happened several times. There’s no reason the same shouldn’t happen this time too, and then let’s be positive and say that the next pump will manage to break the $50 000 mark.

It seems to me that whales are manipulating us to the extreme because they take advantage of the fact that retail investors are less and less inclined to invest in Bitcoin due to inflation and war. What is a problem for some is more than a good opportunity for others.

[traderethereum]

I prefer to say it was correction, deep correction after reaching the high peak.
Some people call this a bear market because the price is down by half from the top price, while the others panic to save their money.
Hopefully, the last $38k will be the last lowest price for bitcoin and will not touch it again in the future but we can only hope without knowing if that can be like that or it will be like that.

[Wind_FURY]

I answered "No" because it entered a bear market a long time ago and will never exit.

I answered "No" too because it entered a bull market super cycle a long time ago and will never exit as long as it's Bitcoin is on its path to price discovery.

You don't believe me? Always zoom out, if in doubt, https://bitcoin.zorinaq.com/price/

Plus does anyone remember what 2019 felt like? 2022, 2023 will feel the same when Bitcoin has surged to six digits during 2024, 2025. It will be a memory of missed opportunities.

[LogitechMouse]

And sure, that could be the sentiment right now but the question is are we really technically entering a bear market?

Like others here, I also voted for NO.
I think we are somewhat in a super cycle and its the first time I see it TBH. I thought that the 2017-2018 thing will happen again last year and this year but it seems like it didn't happen which is a good thing for some.

Overall, all of us are predicting only and no one knows what can happen but its just good to see what are the sentiments of other users here . Most here are bullish but I hope we are all ready if we will enter a multi-month bear market in the future .