BTC Sentiment Poll for April

[StreakW]

I think in the last few days bitcoin again failed to continue the price increase that had occurred in early April when the price of bitcoin had risen to the price level of $47k. However, when viewed from the pattern of price movements, bitcoin has not been able to break out from the $44k resistance area. Even today, bitcoin is stuck in the $40k price range. Therefore, there is great hope that bitcoin will continue to strengthen so that a sign of a bullish trend is formed again.

[Hypnosis00]

I think in the last few days bitcoin again failed to continue the price increase that had occurred in early April when the price of bitcoin had risen to the price level of $47k. However, when viewed from the pattern of price movements, bitcoin has not been able to break out from the $44k resistance area. Even today, bitcoin is stuck in the $40k price range. Therefore, there is great hope that bitcoin will continue to strengthen so that a sign of a bullish trend is formed again.

The buying demand for Bitcoin went on and off. I'm not going to say that was because of whales and have no reason to blame them either but what I see is that the market fails to make bullish again as it fails to keep the resistance stronger. I'm not going to draw final conclusion but I see that this month of April seems to be more on correction rather than the price increase. Well, at least the price is not even to go down badly and break the $40k level. I'd assume that many still manage to hold their Bitcoin instead of getting panic seeing the current condition which helps to hold the price from continuing to drop.

[MinMan]

(although April is historically a bad month).

I think that you're remembering something wrong. March is supposed to be the historically bad month and April is good/mixed.
Even more, I could say that in most of the cases, after a bad March, April was good.
I've even looked up a chart for you:

Looking at this chart, I could say that we should not be expecting amazing months for a few more months. It is of course never easy to tell and we may never get the results we expect to, but at the same time it is not the best of the months.

Looking at May, we have 4 down months and 5 up months, too close to tell, June is the same, July has a bit better situation with 3-6, September looks horrible for example, but as we all know the moment we step into Q4 that becomes even better. I am not really comfortable making predictions based on history, but this one looks like it is not really that much of a big difficulty to see that Q3 is rarely the best month for bitcoin.

[GreatArkansas]

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

[tokeweed]

The entire market is looking bearish right now so for me I can't think of any bull run anytime soon for any cryptocurrency.

Bitcoin , could sustain itself on 35-38k for a while if we go down under 40k$ but we if go down under 35k ...I'm afraid that it will be hard to read the bottom as it could be 28k , it could be 25k or even lower.

It's a perfect time to sit on the side of the market and just watch how it goes as liquidation is still going on a fast pace.

It kinda is for me too tbh.  I mean let's not kind ourselves..  looking at the last 6 months, BTC has gone from 65k down to 35k then just staying mostly sideways with some volatility around 40k.  This is def not a bull market but also not really technically a bear market either.  It's just sideways after the drop.  So it's really up in the air we go from here imho.  I could see it go either way...  Hopefully up.  Lol.  Me familia.

Maybe next poll should be asking if everybody feels the 2018 vibe because it's starting to look that way.

[Silberman]

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

Unfortunately I think we are going to move sideways for a long time, and the problem with this is that those that are in here just to trade the markets and make some money will probably move on and try to find for the time being other markets that are more profitable, and this could mean a reduction in the price and the volume, does this means that we will see a bear market? Not necessarily, but it is possible we could go below the 40k level.

[7788bitcoin]

~
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

I am more than happy with the way the price reached these valuation considering how big the market reached in the past couple of years, i wanted to see a major correction and i picked i have no idea about how the market will respond in the next couple of month as it can go in either direction.
Right now the market goes to a correction whenever the price reaches $45k and it is trading in a range bound for a while and i expect to continue that for a while but it is hard to predict in the short term.

[Mamun74]

No one happy with this price. Bitcoin price early dropped in 2022.Last 2month bitcoin price is staying $40k level. Exactly when price will grow up again this year? I think bitcoin price will be more increase this year and i hope bitcoin price will be back $50k+ in November this year.Bitcoin is long term investment coin so i still believe in bitcoin investment, I'm suggested to you can just hold your holding coin.

[Silberman]

No one happy with this price. Bitcoin price early dropped in 2022.Last 2month bitcoin price is staying $40k level. Exactly when price will grow up again this year? I think bitcoin price will be more increase this year and i hope bitcoin price will be back $50k+ in November this year.Bitcoin is long term investment coin so i still believe in bitcoin investment, I'm suggested to you can just hold your holding coin.

There are those that are loading bitcoin at the current prices and they are definitely happy about the current situation and they would hope it lasts for a long time, however we do not get to pick the market conditions that we like and we have to deal with the hand we are dealt, still I think that there is a strong chance that we could experiment a recovery during this year, so it is important to get as much bitcoin as we can before that recovery comes and makes buying bitcoin too expensive once again.

[btc_angela]

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

Unfortunately I think we are going to move sideways for a long time, and the problem with this is that those that are in here just to trade the markets and make some money will probably move on and try to find for the time being other markets that are more profitable, and this could mean a reduction in the price and the volume, does this means that we will see a bear market? Not necessarily, but it is possible we could go below the 40k level.

At least though, we have a good bounce, $41k ++ already in the last 24 hours or so. Does it mean that we are moving away and that there will be no more sideways trading? But I wanted the price to go down below $40k though. Reason being is that if we wanted to hit $50k again, we should at least go down hard so that people can slowly buy cheap bitcoin again. In any case, accumulation will always be there no matter what the price is. So let's see if it will continue to make a run as we are approaching the last week of April.

[Taskford]

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

Unfortunately I think we are going to move sideways for a long time, and the problem with this is that those that are in here just to trade the markets and make some money will probably move on and try to find for the time being other markets that are more profitable, and this could mean a reduction in the price and the volume, does this means that we will see a bear market? Not necessarily, but it is possible we could go below the 40k level.

At least though, we have a good bounce, $41k ++ already in the last 24 hours or so. Does it mean that we are moving away and that there will be no more sideways trading? But I wanted the price to go down below $40k though. Reason being is that if we wanted to hit $50k again, we should at least go down hard so that people can slowly buy cheap bitcoin again. In any case, accumulation will always be there no matter what the price is. So let's see if it will continue to make a run as we are approaching the last week of April.

We have great recovery happen by this time and for reaching above $40k+ again would indicate for better movements, maybe we cannot see more deeper dump but I expect bitcoin once it reach at $45k it will have a correction so I guess we can say that this is normal cycle happen before more bigger pump came and that $50k resistance will be hit. But lets not expect to much and best thing to do here is to trade according how the market moves for a while.

[ajochems]

The price of bitcoin will back to 50k in this April.Every year,the financial year make some good change in the bitcoin price.Mostly from March to April.But the war between Russia -Ukraine,almost make the economic crisis in the most of the country.But still the peace was not occurred to this two country was a sad one.UNSC should involve to get the solve of this two matter.

[24Kt]

For the short term, I believe as long as we hold the $40,000 level I am satisfied that we are still in short term to mid term bull market.
For me now, we are still sideways, especially since we are still having difficulty breaking the $50,000 resistance that's why we are again testing the support level around $40,000.
I am still not satisfied with Bitcoin right now, I'm in the middle of bearish-bullish trend.

Unfortunately I think we are going to move sideways for a long time, and the problem with this is that those that are in here just to trade the markets and make some money will probably move on and try to find for the time being other markets that are more profitable, and this could mean a reduction in the price and the volume, does this means that we will see a bear market? Not necessarily, but it is possible we could go below the 40k level.

At least though, we have a good bounce, $41k ++ already in the last 24 hours or so. Does it mean that we are moving away and that there will be no more sideways trading? But I wanted the price to go down below $40k though. Reason being is that if we wanted to hit $50k again, we should at least go down hard so that people can slowly buy cheap bitcoin again. In any case, accumulation will always be there no matter what the price is. So let's see if it will continue to make a run as we are approaching the last week of April.

No one can answer that for sure. We mostly can conclude what's going on after certain period is over. We can always accumulate more depending on our financial capability, and if you are a strong believer of crypto market, you will always make it a point to collect more if opportunity comes your way. Otherwise, we can always observe what may happen in the next days to come.

[pooya87]

No one can answer that for sure. We mostly can conclude what's going on after certain period is over. We can always accumulate more depending on our financial capability, and if you are a strong believer of crypto market, you will always make it a point to collect more if opportunity comes your way. Otherwise, we can always observe what may happen in the next days to come.

The opportunity has already come your way and in my experience if people aren't buying bitcoin already when the price is at a very low price (under-valued) they are not going to buy it any other time either unless price shoots up and the opportunities end.

What I mean is that I have seen such people (waiting for "opportunity") not buy when price was $4000 and when it dropped to $3200 they still didn't buy because by then their "opportunity" aka dreams were at a lower price ($1500 to be exact) but funny enough they started buying when price went up to $7000.

It is the same today. People aren't buying bitcoin when price is $40,000+ and even when there is a small dip to $39000 they still don't buy because their dream keeps going lower. However, when price reaches $70,000 in a couple of months they will start panic buying!!!

[btc78]

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.

It's been holding for Long in this situation now , at least keeping the 40k level yet it cannot stand strong above  that so I think voting for Bear is indeed can happen because April is the beginning of 2nd quarter as we know mostly this season is the dumping part of the year before hitting the ups in the 3rd and 4th quarter.

and dumping down to 29k this year is the lowest position , but now that in this part the 40k is still on the table then yes its good to be here.

[STT]

Good idea but BTC right now is signaling bullish or least far more positive action.    This is mid week and we can always take a sharp turn but its building positively from what I can tell.  In simpliest terms, reference to the 50 day average, we are recovering back above that but also 2 day and weekly averages.   Just above the 42k price now is monthly but really staying above 50 day has me thinking BTC will progress positively for this month and possibly medium term.


Really bullish target would be the 48k shown in this chart, which is about the 200 day average.   I think we are more slowly gaining so not this month but generally seems quite a genuine turn upwards and not the negative breakdown some feared.

[tokeweed]

Good idea but BTC right now is signaling bullish or least far more positive action.    This is mid week and we can always take a sharp turn but its building positively from what I can tell.  In simpliest terms, reference to the 50 day average, we are recovering back above that but also 2 day and weekly averages.   Just above the 42k price now is monthly but really staying above 50 day has me thinking BTC will progress positively for this month and possibly medium term.


Really bullish target would be the 48k shown in this chart, which is about the 200 day average.   I think we are more slowly gaining so not this month but generally seems quite a genuine turn upwards and not the negative breakdown some feared.

Yeah BTC is looking good rn but it's not out of the woods yet imho.  Just a little bit more if it can break out and stay above resistance of around 44k - 45k.  It has been trying to break out of it for 4 times now since Feb but it hasn't been successful so far.  Hopefully this next one could finally do it.  But still unsure as there are lots of stuff going on around the world that could take everything down again.  We'll see...

[buwaytress]

^ Yeah, every failed attempt -- not to break any new resistance but rather, to maintain above support line --  either contributes to bull accumulation or confidence for the bears. Hate that I actually felt relief to see 42 today (I note also 20 April heh) but now it seems to be winding back down with North America up. This weekend is either key, or a rerun. Hoping it's key...

[Captain Corporate]

I said no as well because we did a good job in April but we could do even better in the future as well. I am not saying that May will be a profitable month, I would not know, nobody knows, but I have faith in bitcoin that it could go higher. I agree that anytime it fails to go down, is another stone put on top of that 40k price, and when we have enough stones to call it a wall, we could put our backs against that wall and look ahead. We can't go up while being afraid of going down as well, people would be terrified of buying at that level, but if we could have a good situation where going down is a minimal risk, then we could put more money in with ease.

[tokeweed]

^  That's the problem with that kind of thinking.  'Faith' has nothing to do with price.  And yeah I kinda agree with May.  Nobody knows.  I've been some guys saying sell in 'May and stay away' implying a slightly downward trend and possible more sell downs.  Dunno...  Just stay safe out there.

Anyway, check out the price...  And just like that BTC was breaking above 42k with 45k looking to be a sure thing then out from nowhere somebody pushes it back down to 40k.  Market is spooked and down it goes some more to 39k with 38k looking very likely.  :/