BTC Sentiment Poll for November

[TravelMug]

It seems like November started off with a bang, although not the bang people were hoping for.  I am seeing pretty much what I expected for the month, although in less magnificent fashion.  The worst is probably behind us as far as drops for the month.  Sure, we might fall a little lower over the next 6 months or so, but I feel like unless you're going all in at one time, this is a good time to be buying.  Don't let the people who bought at $50K scare you out of the market with them rage quitting now.  Instead, see those people as the indicators they are and do the opposite of what they do.  Most of the time people will find this is a great way to get money as a contrarian, which is usually the right call when dealing with financial markets.

Too early to say that we are out of the woods yet, we need to see the price going back to at least $20k. The market is very volatile, the price is still below the last lowest low of $17,500. But I do agree that this is still the best time to accumulate and don't be scare because of the market drop. Maybe in the future, you will have to thank seeing the price today and taking advantage of it. The world right now is in post-pandemic and so everyone is trying to get back on it's feet. Might take 2 years at least, but it will coincide with the bitcoin bull run of 2024-2025. So we are still in a good place right now.

[tokeweed]

^  So you think we could go lower from here?  I used to really think we could go lower around 12k - 15k.  And with the FTX fiasco, that's exactly the kind of thing that could take us there...  But it didn't.  That seems to be like a sign of strength as nobody really sold it down during one of the worst scenarios in crypto ever.  Think about it...  That's prolly because the ones who would've sold already sold.  There's nobody left except holders.  Everybody else left.  Lol.

But yeah..  We'll see.  But in a couple of months I think we could be trending up above 20k - 25k.

[Ebede]

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 .

Let me tell you that support you are seeing or yes you are not to sing and the platform does not determine the pool all the increment of Bitcoin in this November which current will fall and Will rise because of the investors who partner or will invest with the paper currency so that is what I want you to understand

[STT]

Still very negative into the close of November, I had hoped earlier price action could respect the closing lows since November 9th but its fallen to just match the absolute lows.   It does seem likely we keep testing support until its either proven or gives way.   Unfortunately my spring prediction or guess for a worst case scenario this year has played out, we are due to retrace back down to the 2019 summer peak prices and I hope that area has the volume to bring back support to the price.

[bbc.reporter]

@STT. This might not be another ordinary bear market similar to what much of the people in the community are assuming. I reckon after witnessing the collapse of 3 Arrows Capital, after Luna and FTX being exposed as ponzi schemes and if Barry Silbert's Genesis Global becomes bankrupt, there might be an attempt to dismantle the cryptospace, create stricter regulations and introduce government digital currencies.

[rodskee]

Let me tell you that support you are seeing or yes you are not to sing and the platform does not determine the pool all the increment of Bitcoin in this November which current will fall and Will rise because of the investors who partner or will invest with the paper currency so that is what I want you to understand

What are you telling here ? is that you who only understand that sentence ?  what is to "sing"? and what? the pool does not determine the increment for November?

Failing and Rising is that the market keeps bringing so there is nothing to further about that lol.

[CryptoBuds]

We all just look at the economic situation, war, interest rates to make predictions but in the end all predictions are wrong when the collapse of FTX happened so suddenly. This further confirms that the market is unpredictable in the short term. The best way to survive in the market is to always take a long-term view and invest only long-term with bitcoin. Always zoom out.

We will have another rate hike in December before the end of the year but I think that's no longer a matter of the market, the question now is who will crash next and make the market wobble even more. I'm pretty sure we'll end this year in the red and bitcoin can't hit 20k.

[YOSHIE]

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.

Today is 22/11/22, meaning eight more days into December and Bitcoin is trading at around $16k for 22/11/22, I speculate the crypto market will experience even more severe decline until entering year 23, of course I speak beyond the charts and speculation on the internet, I speak based on my own analysis and speculation.

What is certain is that crypto users don't have to believe what I say, you have to have your own principles for the continuation of the crypto and Bitcoin market in the coming days.

What you said today is very far for the price of Bitcoin in November $ 16k comparison to 18k, I believe Bitcoin will reach at $ 14k- in the next month, it could be my range around $ 12k, that's my observation.

[tokeweed]

^  12k?  Oof that's gonna hurt for sure.  

I'm back and forth between 'we hit the bottom' and 'we're going to see another leg down below 15k'.  The logic behind 'we already hit bottom' is the FTX fiasco, which I consider to be waaay worse than Gox's fiasco, didn't even put much of a dent on the price.  I'd expect a hit that huge would bring BTC lower than where it ended up being.  I mean sure it broke down June lows but 15k - 16k isn't a long way off from 17.5k.  I think there just aren't any more sellers left.

[Yaunfitda]

^  12k?  Oof that's gonna hurt for sure.  

I'm back and forth between 'we hit the bottom' and 'we're going to see another leg down below 15k'.  The logic behind 'we already hit bottom' is the FTX fiasco, which I consider to be waaay worse than Gox's fiasco, didn't even put much of a dent on the price.  I'd expect a hit that huge would bring BTC lower than where it ended up being.  I mean sure it broke down June lows but 15k - 16k isn't a long way off from 17.5k.  I think there just aren't any more sellers left.

But we still have a full year of bear market in 2023?

So probably we will see another leg down below $15k, maybe not this year as he have hit the bottom already. But looking at the bigger picture, who knows, there could be another news that will put the market into another frenzy.

I for now thinks that $17.5k is the lowest low for this year, but look at where the price is right now.

[Reatim]

^  12k?  Oof that's gonna hurt for sure.  

this will hurt us all mate ,  because 12k is seems like the lowest we can expect after the bad drop of 2020 as the pandemic  reacted by the market.

I'm back and forth between 'we hit the bottom' and 'we're going to see another leg down below 15k'.  The logic behind 'we already hit bottom' is the FTX fiasco, which I consider to be waaay worse than Gox's fiasco, didn't even put much of a dent on the price.  I'd expect a hit that huge would bring BTC lower than where it ended up being.  I mean sure it broke down June lows but 15k - 16k isn't a long way off from 17.5k.  I think there just aren't any more sellers left.

well we returned to 16k above again and showing some strong move? then there might be something that we need to believe now 

[tokeweed]

^  I wouldn't stop and say 12k is the bottom if BTC does drop to 12k.  Things seem to get worse before they get really worse. 

^  12k?  Oof that's gonna hurt for sure.  

I'm back and forth between 'we hit the bottom' and 'we're going to see another leg down below 15k'.  The logic behind 'we already hit bottom' is the FTX fiasco, which I consider to be waaay worse than Gox's fiasco, didn't even put much of a dent on the price.  I'd expect a hit that huge would bring BTC lower than where it ended up being.  I mean sure it broke down June lows but 15k - 16k isn't a long way off from 17.5k.  I think there just aren't any more sellers left.

But we still have a full year of bear market in 2023?

So probably we will see another leg down below $15k, maybe not this year as he have hit the bottom already. But looking at the bigger picture, who knows, there could be another news that will put the market into another frenzy.

I for now thinks that $17.5k is the lowest low for this year, but look at where the price is right now.

Then since we're entering to realms of speculation, it's a speculation board after all, would you say that it's also in the realm of possibility that BTC could go back down to 4 digit numbers?  I think the powers that be in crypto wouldn't allow it and will protect a certain level for Bitcoin in order to stop the bleeding or it will take the whole space with it.  Imagine the smell if there was a huge sell down to 6k - 8k.  Sure it could recover but not without causing any damage.