BTC Sentiment Poll for February

[tokeweed]

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.

[o48o]

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.

In terms of shaking and volatility we are not out of woods yet, and that doesn't mean we would be looking at lower bottom next. If we keep going up now, there will be a huge correction again and alts will hurt way more then btc from that. It can feel like a doomsday for sure. I genuinely hope we stay on these levels for a long time to make room for steady growth that can later turn to parabolic growth again, i wouldn't care, if it happens in 2 years or so. Right now going just too high seems like paper hands are about to be shaked off.

Answer to your question: i think we most likely are breaking 25k but i would prefer less volatility now.

[_act_]

Bitcoin got to over $24000 today, it is still possible that bitcoin will hit $25000 very soon, but the market can be very unpredictable and the bear time which may occur for a short time might have started, but I still have high hopes that bitcoin will soon get to $25000 which would be a resistant price.

In terms of shaking and volatility we are not out of woods yet, and that doesn't mean we would be looking at lower bottom next. If we keep going up now, there will be a huge correction again and alts will hurt way more then btc from that. It can feel like a doomsday for sure.

Altcoins are more volatile, if bitcoin can get below $20000 again, it would be hard on altcoins, it would not be a surprise to see some altcoins to decrease more than half of their price now.

[Kemarit]

I voted for yes, we have seen the price almost touching $25,000 already, so it's just a matter of time before we can go to that level. Although we have some minor correction after going $24,000++ but that's how it has been throughout this bull run.

So I think this dump is just like that, a minor correction and then maybe in the second week of February, we will see a price increase to $25,000.

Let's see how it goes, everyone is very excited after last month's pump and I'm sure no one has anticipated that.

[ethereumhunter]

Bitcoin managed to break through $24k a few days ago so the market will recover again and even bitcoin could reach $25k this month. But we can't rush to expect the price to go straight back to $24k as I see the market situation will stay like this, up and down, over the next few days. Moreover, the market is currently on the weekend, which will usually trigger the market to experience a correction. And hopefully, if there is a correction, it will not bring the price down even further.

[laurenB7742]

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.

With the surprise rally in January, I thought it was a trap, but with what it showed in January, it was up almost 40%, and the rally lasted more than 3 weeks, so what I suspected was utterly wrong. Along with the positive news about the Fed starting to slow down rate hikes, I believe a bitcoin pump to $25k could happen this month, but to go further, I'm not sure. My prediction is bitcoin will hit 25k in February, but bitcoin will go up or adjust we need to observe more, I can't make predictions after that.

[bitzizzix]

There is a high probability that I think bitcoin will reach $25,000 this month and right now the price of bitcoin has reached $24,000+ and to reach that price I am very optimistic that it will happen because it only takes 1k, but there is a possibility that it will come back down and a small correction will continue this month this.
actually it's not easy to predict the price of bitcoin because it can't be predicted and anything will happen because of some factors that can't be known in advance and make bitcoin prices fluctuate suddenly, and it seems that currently bitcoin holders tend to focus on the long term which I don't think there will be a sharp drop, and maybe there will only be a very slow increase makes them hesitate, but they hold it in because they realize that the long term is best.

[Sebas.tian]

This new month has proven to traders by increasing from $23,543 to $24,231, showed that bearish season will soon disappear for long term and short term traders to experience massive income from their investments. I don't think, the price of Bitcoin will decrease to $20,000 or $21,000 before it will increase higher because this year 2023 will be different from last year, which this is the right opportunity to buy Bitcoin as much you want so that you will be part of those that will celebrate soon. I believe the price will definitely hit $30,000 before the end of February for those that invested to start earning from their investments.

[Dave1]

Just like the rest of you guys, I'm extremely bullish on bitcoin right now. The increase is no longer a bear trap, it's been more than a month now since we have this kind of upsurge in prices.

So probably our next biggest test will be $25k this month. We have reach $24k and higher already, so it's possible that $25k might be in the end of this month. And then obviously the next stop for this hype train in $30k for this quarter.

[adaseb]

I think what spooked Bitcoin was the Silvergate bank prob by DOJ and the earnings for Apple, Amazon and Google. Meta had a huge day and Bitcoin failed to break to new highs and when the sell off started in the late trading session it didn’t look well for Bitcoin.

We might chop around in this area for a couple more weeks before we go higher. I don’t think we topped yet. If we get crazy 20% daily gains then I can see us topping out soon like an echo bubble from April 2019 but hasn’t happened yet.

[STT]

Pullback for Feb I think or at best sideways motion.    Lets measure progress by the 1st Feb move which was quite large.    If we maintain this much for a week or so it will resolve bullish but if we fail to hold then we go back to lower 20k and this is probably how Feb unfolds.


So far we maintain the 23324 level as lows and general action fits into that initial move with its slightly higher volume.   I think we do break this area and it will give us a direction and description of strength to judge better going forward.   Sideways consolidation I find positive but often not keep weekly or similar averages weighs down BTC some as speculators depart with their hot money.

[Wiwo]

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 out of the woods yet.  Surely there's some hope that we are out...  What do you guys think?

The month of January has ushered in a new level of hope and anticipation for the cryptocurrency market flr the remaining part of the year 2023, as no one expected such a sharp price rise of 30%+ in the first month of the year alone and won't be surprised to see speculations that point to 25k+ price in this month lf February and the entire market conditions already point that that direction because presently,  Bitcoin is shining signs and in no time that price benchmarks will be reached since we are already climbing solely to between 23,900 to 24k Bitcoin price.
*if the present bitcoin price momentum persist,  we will see a newer high that could go beyond the speculated price of 25k and touch 28k in the month of February.
*But we must also be prepared for possible price reversal at any time.

[Baofeng]

Everyone seems to be very bullish this month, hehehe, I can't complain, we have a huge bull run in January that for sure, no one expected to be this big after the SBF fiasco last November. But investors have quickly gotten over with it and now going back to the market in full force. So yeah, I will also be very bullish and the next goal for us is to hit $25k-$28k for this month. It's just a question on can this be achieved again, two months of successive increased in a bear market?

[dbshck]

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?

Hard to be not bullish especially after looking that January monthly candle. That was the highest monthly close for Bitcoin since August last year. I'm leaning on the side that we're pretty safe now and it's one of the best times to start accumulating again. I don't think we will see new lows (below $15k), as most of the negative developments have already occurred, although we may see some fluctuations and a bit of volatility in the $20k range.

Again, it's always not a wise decision to go all-in or create a leveraged long position even now, but buying spot is very attractive at current market prices IMO.

[ivankoh]

January 2023 with 39% was the most impressive mover for bitcoin in the same period in 10 years.  The start of February also shows that the market is ready for the bitcoin wave to return and 24k4 looks like a difficult range to break in the first week of this month and 23k2 looks to be a reliable stop.  23k8 is the range to wait for a sideways move.  I think the market will need more momentum to go through 25k or it will move sideways and break 25k completely soon.  But it is clear that a rapid recovery increase will be more unlikely than January

[OgNasty]

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.

[Jating]

I do think it's important to keep in mind the role of the Lunar New Year in driving demand for bitcoin. It's a time when many people in Asia, who are known to have a significant impact on the market, make investments and gifts. While it's definitely possible for bitcoin to surpass $25,000 in the future, I wouldn't be too surprised if the current high is just a temporary boost. Let's wait and see what happens in the next few weeks. March maybe a more affordable time for bitcoin to truly increase.

I doubt that it's the reason for the spike in price, I remember the same case in 2018, when people are speculating that the Chinese Lunar New Year will have a impact (be positive/negative), but it has none to be honest.

For this month, I think the sentiments will continue to be positive, so I voted to remain bullish and going to reach as high as $25k.

Again, the bulls have control of the market unless there is some negative news again or black swan event this month that will negatively impacted the market.

[ilovealtcoins]

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.

I again think bitcoin will break through $25k and possibly hit $30k before a sharp correction after that. Even though bitcoin has rallied to $23k, the market still shows very weak buying power, people are still very wary of what's going on. So bitcoin needs to go up to $30k to attract people who are afraid of missing out and will rush to buy bitcoin, and then it will start to correct again, causing everyone to continue panicking.

[Beparanf]

Again, the bulls have control of the market unless there is some negative news again or black swan event this month that will negatively impacted the market.

I doubt about this. The price will still rallying if bulls is already in control with the current trend. We just barely print a green monthly after the good news about the inflation slowing down in the US but the inflation problem is still there and  might hammer down the price agin with just a high interest rate.

We need consistency and strong buying power to convince more trader to have confidence on buying Bitcoin. I think it will be safe that bulls is in control there is multiple monthly green candle printed on the chart instead of one.

[jaberwock]

January 2023 with 39% was the most impressive mover for bitcoin in the same period in 10 years.  The start of February also shows that the market is ready for the bitcoin wave to return and 24k4 looks like a difficult range to break in the first week of this month and 23k2 looks to be a reliable stop.  23k8 is the range to wait for a sideways move.  I think the market will need more momentum to go through 25k or it will move sideways and break 25k completely soon.  But it is clear that a rapid recovery increase will be more unlikely than January

I think 39% is high because the gain we have last month was only $6k and I think there are other years or months where BTC performs better than what we currently saw this year but this year is only getting started so let see if this year can truly be the best than the rest. The month of February starts great and currently there are no hard falls yet so we can't tell if this month will be like last month when the recovery is fast.

I think it's not a big deal if the recovery will be slower this time but it was great actually because it gives us a window of opportunity to buy more coins. The OP should add an option for "I am not sure" because this is what I am feeling for now but this can change later once I saw more price movements.