BTC Sentiment Poll for November

[tokeweed]

As we've already seen, near the end of October there were buyers who were coming in with serious volume, bringing positive momentum back in BTC.  And it's not just BTC...  Most of the other coins have closed their monthly in the green.

So the question now is will this momentum continue for November or will it fizzle out and bring BTC back to 18k - 19k range?  I made the poll a yes or no question as I want a clearer sentiment this time.

Here's the monthly chart.

[adaseb]

It’s all up to the fed. It all boils down to FOMC tomorrow.

Basically if the rumors are correct and they will be dovish then we will get a bullish month. So far many other central banks pulled back on hikes and there was some QE with others. So people are speculating the same for the fed.

However there is the chance that they will be hawkish as before since these rate hikes didn’t do much to tame inflation just yet.

I will vote tomorrow on this poll.

[aylabadia05]

It's always interesting to wait for the poll you will make on the topic of BTC price sentiment every month.
But this time I will also wait tomorrow to give a poll in consideration of this information.

I'm sure in November Bitcoin price won't drop below $20k because the buying percentage that increased at the end of October will still hold on.

[Mpamaegbu]

It’s all up to the fed. It all boils down to FOMC tomorrow.

My speculation for Bitcoin in November for the past few months was bullish and I still remain bullish on it. November (many have dubbed it Movember) has often been a favourable month for Bitcoin from past studies and I don't see this year's November being an exception. The FOMC tomorrow will, somehow, find away to make that speculation realizable by moving it north bound whichever way we want to look at it.

[GreatArkansas]

The pump during the last few days of October is convincing that we will see a good upward run for the market this month (November) and I am very positive that we will also experience it until the end of the year, I'm just hoping.
The $20,000 level right is really significant because as we saw this was the top of the 2017-2018 bull run, then for me, this will be the strong support right now for a long-term perspective.

[sheenshane]

I'm still hoping Bitcoin price had a good start this month and it could be next month will pump up and hit the resistance level of $23k.

The poll shows that it might be a correction and anytime it will pump up either in the next month.

We've heard a lot of good predictions from known people, I didn't if they are attention seekers but at least they have a good perception of Bitcoin price and this month could be determined if there's a bull market this year.

[Fundamentals Of]

I was honestly not expecting for the boring sideway movement of Bitcoin's price to last this long. I though it would end in October which I generally think was Uptober despite others not expecting a better month. I was wrong although there was indeed a slight increase in the final days. But it wasn't really a big deal. It wasn't even a momentum. It was just simply a part of the bigger sideway movement of the price. It was well within the range of this seemingly stable behavior.

As December is coming though, I think Bitcoin will be more green than red. So November will be more green most probably.

[btc78]

I will gonna bring here my recent post in October sentiment thread mate because I think it is worth continuing here ..

the Month has ended now , and yet we only saw small increase in which means nothing special in October , lets see what next month brings as November we will be having another sentiments .

I hope that next will be more profitable in our Part as Bitcoin Holder than the previous months of this 2022.

if this will continue to stagnant at 20k , then we may see bad November this year  as the world is still suffering from drowning , I hate this but Bear will start in November till the end of 2022.

[Chato1977]

the community seems to be in full support and trust for Bitcoin this November as the votes shows completely YES . and I al one of those who believes that the Action of the last week of October will lead us to another Bear though not big as what 2021 brings us all.

It's always interesting to wait for the poll you will make on the topic of BTC price sentiment every month.
But this time I will also wait tomorrow to give a poll in consideration of this information.

I'm sure in November Bitcoin price won't drop below $20k because the buying percentage that increased at the end of October will still hold on.

thanks for that info , hope this will helpful to all bitcoin enthusiast .

[Fara Chan]

if this will continue to stagnant at 20k , then we may see bad November this year  as the world is still suffering from drowning , I hate this but Bear will start in November till the end of 2022.

We have some doubts about bitcoin's move this month, although the correction could find a gradual recovery, the stagnation is likely to persist until the end of the year. If you look at the 68k to 20k chart, it means that the next recovery will still be around 68k. Although we can't say for sure what the bitcoin price range will be until the end of the year.
Therefore, this year becomes a long correction or even in the coming year before reaching the next ATH. It is interesting that we wait for the actual bitcoin price until the end of the year.

[Kemarit]

I voted for Yes. It seems that the investors are back on track on bitcoin, I guess the target for this month should be around $21,000. We need to go up to that price and then sustain it that run.

We've seen it happened last October, it's that when we reach it, there are a lot of sellers and now it became the biggest barrier so far for our next rally. So we will see and hopefully we can get through that price this November.

[kro55]

Before making predictions about the market, I think it would be better to wait until the Fed announces interest rates, as interest rates will act as a determining factor for the market situation. GDP in October increased more than expected but inflation has not yet decreased, so the possibility of a hawkish Fed is entirely possible. If they raise rates at 1% this will be a bad thing for bitcoin, I think a big dumping will happen but if interest rates are at 0.5% then things could be favorable for bitcoin as well as stock market. Let's wait for the Fed rate announcement then make a prediction.

[bitterguy28]

So the question now is will this momentum continue for November or will it fizzle out and bring BTC back to 18k - 19k range?  I made the poll a yes or no question as I want a clearer sentiment this time.

I'm still not confident with the positioning of market , yeah we broke 20k again but stagnant at this level for almost whole week now , so meaning there are still tendency that the price may fall back to 18k or more worst fell down to below the lowest 17k recently.
but the thing is that if the price takes 21k this week then maybe we are going to greening market till the end of the year.

[m2017]

One can only speculate on this topic (it's not for nothing that this section is called "speculation" ). I won't try to pretend to be a forecasting guru, but it seems to me that the current momentum will fizzle out and bitcoin price will fall again, returning to past levels. I believe that this is primarily due to the general situation in the cryptomarket (bearish trend) and the current small jump in value is only a temporary phenomenon. The market is not yet ready for a bull run and there are no prerequisites for this, so we should not expect a serious appreciation of crypto currencies in the near future. The price will fluctuate at previous levels with minor changes.

[arwin100]

So the question now is will this momentum continue for November or will it fizzle out and bring BTC back to 18k - 19k range?  I made the poll a yes or no question as I want a clearer sentiment this time.

I'm still not confident with the positioning of market , yeah we broke 20k again but stagnant at this level for almost whole week now , so meaning there are still tendency that the price may fall back to 18k or more worst fell down to below the lowest 17k recently.
but the thing is that if the price takes 21k this week then maybe we are going to greening market till the end of the year.

Chances for up or down are there but if we continue to see a stagnant price for bitcoin and it remain at $20k for another week then maybe this is good sign for others to go back hodling some bitcoins around. But we shouldn't trust how it move because somehow there's no events or good news we are waiting for so most provably we cannot see a more bigger pump which create hype and FOMO to the people to create more demands on how the market moves.

[hugeblack]

The Fed’s decision today will affect the market, as the markets expect the maximum rate hike in this meeting, provided that the next meetings will be 50 basis points, reaching interest at 5% until the end of the year. Based on that, the time is priced, but if the monetary tightening policy continues, we may see operations A major correction brings us back to 17K levels, and therefore we will return to the same trading range.

Personally, I do not expect more than 23K USD for this month.

[el kaka22]

It is good to see the optimism instilled in people all over again. Too long have people doubted the possibility of bitcoin going up and making all of us a lot of profits. I understand the doubt because it has been over a year since we reached the last ATH but that is how long it takes to get back there.

Remember last time we reached ATH before that, it was 2017 December, and by 2018 October we were 6.5k or so, and dropped to 3k harder in November 2018 as well, so after a year it didn't not only recover but also dropped further. This means as long as we are here, we should be happy and accumulate more and have high hopes that it will eventually recover and go high.

[aylabadia05]

the community seems to be in full support and trust for Bitcoin this November as the votes shows completely YES . and I al one of those who believes that the Action of the last week of October will lead us to another Bear though not big as what 2021 brings us all.

It's always interesting to wait for the poll you will make on the topic of BTC price sentiment every month.
But this time I will also wait tomorrow to give a poll in consideration of this information.

I'm sure in November Bitcoin price won't drop below $20k because the buying percentage that increased at the end of October will still hold on.

thanks for that info , hope this will helpful to all bitcoin enthusiast .

On one of the discussion boards I found a statement as to why Bitcoin has survived this far because one of the factors is that it has a strong worldwide community. To me that is absolutely true.

Thanks.
Continue to search and learn every information about Bitcoin. Be careful about FUD news.
If the results of the FOMC and FED meeting again raise interest rates to 75 bps, it will be a successive increase.
Investors will tend to withdraw their assets on the exchange and I think that will have a positive impact.

[STT]

Really quite critical BTC holds this area, similarly the Dollar index or DXY looks like we need 112 to be the top price for this moment to consolidate into a positive continuation for Nov and to end out the year.



   This pricing if we fail at this point probably leads us to retest the same support as prior, I actually have come to prefer a lower price for support longer term.   Not that I would opt for price to go lower but if its required, the more solid area in pricing needs to be found for longer term strength.
Basically the very recent low , the low prices end of last week; looks over extended but does need to hold for positive resolution.

[Dave1]

Before making predictions about the market, I think it would be better to wait until the Fed announces interest rates, as interest rates will act as a determining factor for the market situation. GDP in October increased more than expected but inflation has not yet decreased, so the possibility of a hawkish Fed is entirely possible. If they raise rates at 1% this will be a bad thing for bitcoin, I think a big dumping will happen but if interest rates are at 0.5% then things could be favorable for bitcoin as well as stock market. Let's wait for the Fed rate announcement then make a prediction.

They just did and it is not good news, and so it put some effect on the price on the last 24 hours. But the good thing is that the selling pressure has stop for a bit, the price climb to $20,300 now from as low as $20,100.

And with that, I think this November might not be as bad as we might see it as compare to previous months of a bear market. So I will be bullish about it, $22k might be the minimum.