BTC Sentiment Poll for December

[19Nov16]

It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.

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[Pierre 2]

I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys. Even poll says something, result is no but, yes voters are getting higher in numbers, which means only 1-2 good news about Bitcoin will light markets all green, for Bitcoin and all other altcoins.

[tokeweed]

It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.

Is it really the beginning of the bull run tho?  I could see the logic for saying that we could be at the bottom or near it but the beginning of a new bull market?  Nah.  Usually we see a lot of side ways action and a lot of people start to get bored and sell their bags instead of slowly buying bit by bit  and have a decent bag before the next bull run.

Anyway, the poll is close 9 votes says we have hit bottom and with 12 expecting another sell down.  There could be a sell down but as I've been saying, it might not be that huge.

[Vinaa77]

The chart below doesn't really look all that good but if you have been following the price action everyday it feels like there aren't a whole lot of sellers left.  So hence the poll.

In every month there are always surprises that happen with Bitcoin. Bullish and bearish are two things that cannot be separated. November was not so good in terms of crypto changes, but the surprise remained with the price increase reaching $21.5k from $19k. But if we pay attention to December, of course this will also happen. Bitcoin's current state is clear that the small pump is starting. Price change from $16.4k to $17k.

Less likely that it will happen in December. As I recall, December is always a bear month. Maybe a few spikes here and there but mostly bears. Maybe, if there is a spike in price, that will happen before the Holiday and then a downtrend from there. I would be surprised if we end up in green from the previous month. But that is just me speculating from experience, maybe the technical side have better news or views from me.

Of course at record Bitcoin prices, December was not a good month for crypto. But there are always surprises before closing year-end prices. If we want to take part of that, of course we have to do it fast, and get out fast. Because crypto will make a new comeback at the end of Q1.

[iamsange]

Of course at record Bitcoin prices, December was not a good month for crypto. But there are always surprises before closing year-end prices. If we want to take part of that, of course we have to do it fast, and get out fast. Because crypto will make a new comeback at the end of Q1.

A comeback is still possible for Bitcoin, but considering the price is still at $17K at the moment. I'll still be waiting for a price increase in Bitcoin before entering Q1 next year, because the current price range is still in the very cheap category in my opinion so buying and waiting for a better price than now won't be wrong either because it's a good option to do now

[Shaha98]

There is no record in history that the price of Bitcoin has fallen.  Because 35 to 40% opportunity is created for people or investors to invest.  BTC hasn't gotten so cheap that it wants to get any cheaper.  But a new opportunity has been created for people to invest, but if you can invest now, you will definitely be at the peak of simplicity here.  But if such opportunities do not arise later, this is enough time to invest.

[palle11]

Although every previous month I have waited for a bounce and never guessed, I would be happy to be wrong about December as well.

Don't be too hopeful for the month of December because it usually don't have bounce up but lower lows. So except you are expecting a down for the month so that before the year run out you will take the opportunity to enter. However this year may be different because by now we are suppose to be in red till the ending of the first quarter of next year because of the activities of December and busy btc withdrawal.

[BigBos]

I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys.

I agree with you, we just need to be patient and not get too fussy, but it will be very difficult for people who are looking for profits shortly in Bitcoin, people like us who buy Bitcoin for the long term will certainly not pay attention to the market, and do not care about rejection the market at a time like this, the cheaper the bitcoin, the more we can buy, we only think about long-term accumulation.

Current Bitcoin sentiment Sideway we can indeed recover to 17k but yes that's not enough to say the price is safe on the chart, but if you want to accumulate Bitcoin for 1-10 years, don't pay too much attention to things like that.

[pooya87]

Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.

In short if nothing changes we will continue seeing sideways with a little rise...

[waseem000786]

   Has BTC finally hit this bear market's bottom?
no

[suzanne5223]

I voted no, but I feel we are more close to bottom compared to November for sure. Bitcoin bears are running out of gas in my opinion and everything will suddenly look far better than usual in couple of months or weeks. But we need more patience guys.

I agree with you, we just need to be patient and not get too fussy, but it will be very difficult for people who are looking for profits shortly in Bitcoin, people like us who buy Bitcoin for the long term will certainly not pay attention to the market, and do not care about rejection the market at a time like this, the cheaper the bitcoin, the more we can buy, we only think about long-term accumulation.

Current Bitcoin sentiment Sideway we can indeed recover to 17k but yes that's not enough to say the price is safe on the chart, but if you want to accumulate Bitcoin for 1-10 years, don't pay too much attention to things like that.

@Pierre 2
If Bitcoin continues its 4 years cycle, we have not achieved the bottom price and we're not close either to the bottom either because BTC is always downtrend at least 80%- 85% of its ATH price. We need to wait until we see the next year's market trend before we what's really happening if BTC still replicates its 4years cycle.
@BigBos people who invested in Bitcoin for the long term also need to pay attention to the market because the market is full of possibilities and can present a new opportunity anytime.

[Emitdama]

Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.

In short if nothing changes we will continue seeing sideways with a little rise...

I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.

This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.

[pooya87]

Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.

In short if nothing changes we will continue seeing sideways with a little rise...

I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.

This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.

The market doesn't seem to be ready for a big rise yet considering what is happening to the economy in EU and to some extent US. But at the same time market is very ready to go back above $20k which was the strong support before the FTX thing happened. Right now we are seeing a small but a good momentum with price passing $18k...

[Oilacris]

It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.

Really hard to make out conclusions if we do currently saw the current price as of this moment.You cant really make out connections and make those presumptions that on each year
where prices on every month would really be the same.

Yes, we could or might really see some patterns but its not something a solid thing which you could really assume that it would be happening on next year.
This do really proves out that this market is really something random and cant really be predicted way ahead.
For now the price is starting to make out some increase but in small percentage, cant still remove the possibilities of dipping.

[aylabadia05]

It can be said that December is better than November, although November has touched $ 22k, but if we look at the daily transaction trends that occurred in December, we deserve to be optimistic that the December is the beginning of the bull run, maybe before April 2023 the price has already been touch $ 30k.

$18,303 seems to be the highest price at this time starting from December 1. We will see later at the end of December that Bitcoin will be at what price. If it succeeds in the price of $20K, then the beginning in my opinion will occur in mid -2023 and the price of $20K is the appropriate support point.

If we see the market conditions have begun to improve in the last few days. Of course we hope that this week there will be positive changes in price charts.

[TravelMug]

Things are just like previous months without any change. We are not in a bear market nor a bull market. And the price is not going to go down unless some negative event takes place like FTX crap that happened and caused a drop or the Russian invasion that was the beginning of all this.

In short if nothing changes we will continue seeing sideways with a little rise...

I have to say that price will not go down, but it's not like it's going up neither. By the looks of it, we are going to probably live a very calm month and the price will stay the same for sure. I am not saying that's the best thing neither, maybe that's good or maybe that's bad, but that is what we are going to end up living in for sure.

This is why I made all my financial arrangements according to what we have been living currently and as if we are going to end up with the same price range for the rest of the month. If I am somehow wrong and it moves up or down too much I will be fine, I am a long term investor but it wouldn't really be a great deal.

The market doesn't seem to be ready for a big rise yet considering what is happening to the economy in EU and to some extent US. But at the same time market is very ready to go back above $20k which was the strong support before the FTX thing happened. Right now we are seeing a small but a good momentum with price passing $18k...

Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this year.

I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.

[pooya87]

Yeah and don't forget about the war still in EU, it could have been the biggest effect for us since the beginning of this yeare.

I also do agree that $20k is the biggest support we have so far but due to the FTX collapse, that support also crumbles. So it's good to see if we can reach that price again, hopefully at the end of the year. Although not good to see that once we reach $18,300 there was a lot of selling moving the price back to $17,700.

Unfortunately a lot of negative things are happening in the world these days. Russia just armed its ICBM with nuclear warheads looking to target EU and US. Meanwhile the protests across Europe is expanding and in some countries like UK the strikes are getting worse that are "halting" the economy.

As I always say, bitcoin is not correlated with any other market but it is affected by the global economy. This is why we are still seeing a weird struggle to go back above $20k.

[karabiber]

I believe the lows in the current cycle represent a bottom. The selling wave has already peaked as all crypto companies threatened with bankruptcy have gone bankrupt and i don't think BTC will see selling pressure after that. Being part of the liquidity crisis, these companies had to sell their most liquid assets. Among these assets was Bitcoin. Meanwhile, these companies are at a stage where they can no longer sell BTC before they completely disappear from the market. Therefore we may be close to the days when the cycle will change.

[tokeweed]

^  True...  Unless one of the biggest exchanges left go under.  Which could happen but then again the sell down wouldn't be as huge as we think as what we've already seen with FTX.  I think it would take Binance going under to make BTC drop way below 15k imho.  Other exchanges, not so much.

Here's the top exchanges as listed in CMC.

https://coinmarketcap.com/rankings/exchanges/

I think the top 5 is solid.  So I don't think we should have anything to worry about.

Edit:  I'm locking the poll in a couple of days.

[ilovealtcoins]

Not much hope for December, although inflation has eased or interest rates have begun to slow. But overall, the world is still in turmoil, with no sign that the war will stop or the energy crisis will not continue. All of this suffices to say that the market hasn't gotten better yet, I believe we haven't made a bottom yet.