BTC Sentiment Poll for February

[darkangel11]

25k is nothing interesting. 30k is the important level and most people will probably be aiming at 29k to see if the sell pressure starts.
I voted yes, although it doesn't have to happen. Bitcoin is on its way to higher price targets and retracing back to 20k won't change that. We are probably overdue for a small correction maybe to 21k before breaking over 25k, but we'll see. Not much in this market is organic and most moves are a result of news or squeezes.

[Unbunplease]

It is quite realistic to expect continued growth in February-March. Lower inflation in America, approaching spring (every 2 years bitcoin steadily shows growth in spring - 2017,2019,2021), opening of China. although it cannot be excluded that the real growth of bitcoin - if there is one - can be postponed until April 2023...

[Mr.right85]

It's looking like the bulls are back as we've seen with the more than the 30% rise in BTC's price just for the month of January alone.  But even with that high of a price increase, I still see some folks say that we're still not of the woods yet.  Surely there's some hope that we are out...  What do you guys think?

I didn't expect it to go up this high at 24k tbh.  I thought it was gonna go around 22k - 23k range, go back down to 20k then go side ways after that.

You know, I didn't notice the resistance at $24k was hit already. Am really trying not to be about the chats these days but surprisingly, it didnt go up as expected.  Thought after the resistance at $24k was broken, price would plummet up but, its still struggling as we see it.
In all, we could say the bulls are getting stronger but, we are not going to have a bullrun just yet. Not with the sentiment that surrounds the bitcoin halving. Surely the halving is a tike for investors to rush into the market and with halving almost a year from now, investors are going to hold back. Besides, a lot of us like to beleive the bears are not done yet and the charts clearly shows that. They've been competitive with the market and that tells there story.

[bitterguy28]

with High confidence ? it will mate .


we have a great run in january and still holding its position above 20k till this day , even hitting 24k yesterday so what will hinder the price taking that high?


maybe we will be having even 30k any time sooner?


actually I was hoping that the whole year will be the recovery from the great dumping of 2022 but whatever happens I am ready.

checking the votes? solely it is YES .

It is quite realistic to expect continued growth in February-March. Lower inflation in America, approaching spring (every 2 years bitcoin steadily shows growth in spring - 2017,2019,2021), opening of China. although it cannot be excluded that the real growth of bitcoin - if there is one - can be postponed until April 2023...

but we are dropping now? going back to 22k again and there are saying that it will be either correction or downing to 20k.

[Yatsan]

with High confidence ? it will mate .


we have a great run in january and still holding its position above 20k till this day , even hitting 24k yesterday so what will hinder the price taking that high?


maybe we will be having even 30k any time sooner?


actually I was hoping that the whole year will be the recovery from the great dumping of 2022 but whatever happens I am ready.

checking the votes? solely it is YES .

It is quite realistic to expect continued growth in February-March. Lower inflation in America, approaching spring (every 2 years bitcoin steadily shows growth in spring - 2017,2019,2021), opening of China. although it cannot be excluded that the real growth of bitcoin - if there is one - can be postponed until April 2023...

but we are dropping now? going back to 22k again and there are saying that it will be either correction or downing to 20k.

Actually, what we are seeing is somehow unexpected on my end. Unlike with next year wherein there's something being anticipated to create a huge wave for this industry, I did expect of a stagnant market price without any hopes for an instant recovery because I believe factors which pulled the market price down are still present. Such as with FTX incident wherein there are still people who are afraid to again engage with this industry in fear of such instance to happen again with exchangers.Perhaps there is a pause at this point but for sure things won't change that fast. I am currently worried wether to enter already or not because I cannot see any strong support with the increase.

[_BlackStar]

Actually, what we are seeing is somehow unexpected on my end. Unlike with next year wherein there's something being anticipated to create a huge wave for this industry, I did expect of a stagnant market price without any hopes for an instant recovery because I believe factors which pulled the market price down are still present. Such as with FTX incident wherein there are still people who are afraid to again engage with this industry in fear of such instance to happen again with exchangers.Perhaps there is a pause at this point but for sure things won't change that fast. I am currently worried wether to enter already or not because I cannot see any strong support with the increase.

It's okay to be optimistic about good opportunities in February, and that has led me to believe $25K will be tested. We've seen $25K tested during January, but failed so the correction occurred. But the good thing to hope for during February is that at least bitcoin can hold on to $22K as support if $25K fails.

For now I don't care about how this market fluctuates as I tend to think I'll buy more if the price gets back under $20K. Long term goals are what I'm looking right now, and of course accumulating them is option I'm considering.

[S A KHAIR]

Bitcoin is correcting, and I have seen some people get frustrated because they expect bitcoin to continue to rise without a correction. It seems that many investors are so eager to see the price of bitcoin increase so quickly that they forget that we are still in bear season, a drop in the price of bitcoin is entirely possible. Bitcoin is correcting, but I believe this bitcoin bull run is not over yet, so the bitcoin price will rise soon in the coming days.

[Nrcewker]

Btc will be really strong in this February. I mean January ended with a positive note, so yes many have expected something big from February. If Bitcoins manages to break the resistance of 25k usd and come out of it in this month, then definitely Bitcoins will go for another bull run. Moreover this year it is predicted that Bitcoins will break the all time high price, still we need some hints at first to believe this. So let’s hope for the best and wait for the results.

[JoyMarsha]

I didn't expect it to go up this high at 24k tbh.  I thought it was gonna go around 22k - 23k range, go back down to 20k then go side ways after that.

This month, rather than a $20k drop in price, anticipate an increase in bitcoin prices. It will be challenging for bitcoin to drop in price to $20,000. The price will continue to fluctuate around $23,000–25,000. Although bitcoin price is currently at $23k below as of now.

Am extremely confident that the price of bitcoin will fluctuate between $23k and $25 in the first and second weeks of the month. Perhaps towards the end of February, bitcoin will surpass $25,000. For me, it is speculative pricing cos nobody actually knows what will be the end price of bitcoin this month

[STT]

I voted today, I need the first week to judge in any meaningful way the quality of price action likely to proceed throughout Feb and I believe we will not break past 25k and hold that level.   Range bound at best and imo very possible for us to trade down to 20k to trackback and reconfirm our prior breakout type movement.  Reconfirmation of prior positive price break is common enough and also often a positive after the confirmation is found to be solid and worthy to build on.
  Basically what happens is the speculators take profits and are forced to in some cases as they had borrowed money to trade BTC during this time, quite normal for us to cycle and take further time.

[peter0425]

voted for yes, but also wanted to see it flow 25k first before other opinion to be made , what I mean is while I trust bitcoin to hit 25k and may stay at this point but the thing for me is would this be happening this February ? or in the coming months? if that can be answered or happen at least then yes this is one of the most or best answer to be taken.

[Fundamentals Of]

We're probably still not out of the woods yet. There are some who are seeing the price to revisit $20,000 soon even after a very strong month of January which others see as a signal of the bulls coming. While $20,000 is possible, I guess February has generally been a good month. I read it somewhere. The month usually sums up with a growth. If that's the case, we might hit $25,000 or even beyond that when we leave February behind. $20,000, not this time.

[Oasisman]

We're probably still not out of the woods yet. There are some who are seeing the price to revisit $20,000 soon even after a very strong month of January which others see as a signal of the bulls coming. While $20,000 is possible, I guess February has generally been a good month. I read it somewhere. The month usually sums up with a growth. If that's the case, we might hit $25,000 or even beyond that when we leave February behind. $20,000, not this time.

I'm one of those who don't expect Bitcoin to hit and stay at a $25k mark. As I've noticed, the price action went back and forth touching 24k and it could go back down to 20k.
Nothing much in February, but Btc price was really good lately since we left January.
What's more interesting to see is the price action in the coming months before the next Bitcoin block halving occur.

[Don Pedro Dinero]

For this month I would expect a slight increase in the price, which would be the most likely looking at the February history, but no major increases. Stay in the 20-30k range but with a slight upward trend. That is if there is no extremely positive or negative news that could push the price in one direction or another.

The good thing is that each day that passes is getting closer to the next halving.

[Mpamaegbu]

I voted no. Not because I’m not currently bullish, but because we moved up a lot very quickly and I think we need time to correct or accumulate before another move up. I’ve been surprised by the market strength during this rally so a sustained move up wouldn’t shock me, but if I were a gambling man I’d be looking for a month of sideways action or maybe even a retest of $20K before we head up to the next stop at $30K.

You're right with the quick moves. Each time I see such I always expect a correction too. We've often be told that price behaves like kids on errands; it doesn't head straight to the target but will often branch off before getting there. Price Action doesn't move on a straight line upward or downward. However, looking at the monthly close, I won't be shorting Bitcoin for whatever reason. I will rather stay on the sides whenever I think I spot a dip than trigger it.

[michellee]

I hope @OP can add one more option, which is undecided because I'm still undecided about whether BTC will break out and stay above 25k USD this month (Feb) or the situation will be like this or it will go just up to $24k.

Maybe we have to wait until the middle of this month to be able to predict where the bitcoin price will move. But the bitcoin price journey is very interesting to follow and wait for because the bitcoin price always surprises us.

I tend to say that the price of bitcoin will still be sideways as before and there may not be a significant increase or decrease. But we all want the bitcoin price to break $25k this month.

[S3052_TheRealOne]

Senstiment is way to positive, which brings resistance to a further short term rally

[fadhilz123]

Bitcoin is correcting, and I have seen some people get frustrated because they expect bitcoin to continue to rise without a correction. It seems that many investors are so eager to see the price of bitcoin increase so quickly that they forget that we are still in bear season, a drop in the price of bitcoin is entirely possible. Bitcoin is correcting, but I believe this bitcoin bull run is not over yet, so the bitcoin price will rise soon in the coming days.

Those who still feel frustrated with the current correctional condition are people who don't have the mental strength to face every situation that exists. And actually people like that are not very suitable to continue to be in the market because they will often experience frustration at everything that doesn't go according to their wishes.

People who are easily frustrated with a condition will definitely panic more easily too, and make the atmosphere around them chaotic. Actually you also don't need to care so much about them because that kind of person is not very good to be around you either. Because he can get frustrated with just a small correction, try to imagine if the correction is much bigger than now.

[pooya87]

Interesting result of the poll shows how bullish people are. This I believe shows the significance of the $20k resistance that was broken because for all we've seen the fantastic momentum that broke that resistance more than 20 days ago died and despite a couple of attempts $25k (which should have been broken already) remains a strong resistance for no reason!

[Adbitco]

For my view I have always sees it to be a bull trapped though I never expected it to be this high as then I was thinking it could only gets to 23k or possibly to 24k before dropping back to 18k and then to 29k. But as we can see no one can actually predicts the bitcoin price with all 100 percent assurance rather of a possibility statement.