BTC Sentiment Poll for February

[Oceat]

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.

All we could do is compare the chart from the past and we can predict where it would land it's best price. I'm in the same thoughts on this market that seems like a bull trap yet it's not, perhaps there's something is going on in the market though the resistance to break that $24k is quite strong. Maybe there's a lot of selling order that's why it can't past that $24k resistance, perhaps we should just wait a little longer to see what's going on with the market.

[carlfebz2]

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.

Whenever there are some small scale or percentage increase on  the market then im not really that letting myself get to believe that we are already on a bull run.It is really hard to determine honestly on whats the

current condition of the market on just basing up with those increase and decrease.We do able to know when it already happened and there's no way that you could able to know it ahead.

There's no way that we could be able to point out and this is why it is really hard to make out decisions basing up on hunches or doesnt really have any basis or analysis.
This is where people do really differ when it comes to their price approach.

[peter0425]

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.

most of us did think in the beginning because we sees no reason for the said pump but as the time progress and runs? yes now we can see strong hold for 20k and above that shows us to stay positive and possible increase in holding.
this also add trust for other holder to start buying now as they have waited for long from the dump of 2022.
lets see how it will turn if we broke that 25k resistance this early February .

[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.

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.

Although the result of this poll is not conclusive as to whether or not Bitcoin will indeed hit $25,000 within this month, it seems many believe that $25,000 will be hit. I also have a good feeling that $25,000 is not too high to reach within the month. After all, that's just less than $2,000 away. If we consider that the price has already reached $24,000 days ago, it is very possible that $25,000 could also be conquered. Although the possibility that all of this is a bull trap is always there. After all the halving is still scheduled next year.

[pooya87]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

[Fundamentals Of]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

I don't know if there's a strict time frame for a possible bull trap to lose its "trap-ness" but the quick rise only happened just a few weeks ago. For a couple of months, the price was not even $18,000. All of a sudden, it leaped beyond $20,000. Yes, it stayed there ever since, but "ever since" is just from mid-January. We are still within the first half of February, so I think the quick rise possibly a bull trap is still valid. Everything is still short-term from that point. Although I hope I'm wrong.

[doomloop]

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.

most of us did think in the beginning because we sees no reason for the said pump but as the time progress and runs? yes now we can see strong hold for 20k and above that shows us to stay positive and possible increase in holding.
this also add trust for other holder to start buying now as they have waited for long from the dump of 2022.
lets see how it will turn if we broke that 25k resistance this early February .

I think there are reasons with it. What about the decline in interest rates, the bitcoin exposure on national television, and the upcoming Bitcoin halving? I am not sure if I forgot something but there might be more than this.

So, what happened isn't just a bull trap therefore people must not be scared from accumulating more Bitcoins because the price won't collapse hard after it but there might be some small correction that can come along the way which is normal and felt every after new increases. We still have more time to break that $25k resistance this month and if ever it's a success then I expect more strong increases can take place.

[Kemarit]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

I don't know if there's a strict time frame for a possible bull trap to lose its "trap-ness" but the quick rise only happened just a few weeks ago. For a couple of months, the price was not even $18,000. All of a sudden, it leaped beyond $20,000. Yes, it stayed there ever since, but "ever since" is just from mid-January. We are still within the first half of February, so I think the quick rise possibly a bull trap is still valid. Everything is still short-term from that point. Although I hope I'm wrong.

I see some says it's 45 days? Anyhow, I will also tend to agree that it's not a bull trap but a genuine run up to $20,000 and higher, it even goes as high as $24,000 at one point.

But now it seems that the price is going on another correction phase, so no $25,000 for us. Although it's too early, we barely entering the 2nd week of this month and maybe at the end we might see $25,000 and so this is no longer a bull trap.

[tokeweed]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

I think BTC at anything above 20k USD is bull territory after hitting the lows of 16k imho.  But if it goes down below 20k but holds 16k then I think it's another great time to buy.  If it fails to hold 16k, jfc help us as 10k - 12k would be in the cards.  Let's hope none of that sht happens.

Anyway the poll has 22 votes for yes and 3 votes for no.  Looks like sentiment has changed 180 degrees from the last couple of months prior to January.  Still three weeks til the end of the month.  BTC could still end up in the green.

[dragonvslinux]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

[Baofeng]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Yeah, I think it's very quick if we are going to hit $25k by this month. I might be leaning towards next month as well, thinking that the buyers are going to be exhausted with all the effort pushing to $24k++ and then the price goes down again.

Right now we are below $22k, a good support, not sure what happen, but for sure $20k will be biggest support if ever we re-visited this price this month. The only negative news that I see is the closing of LBC, but not sure if this is main reason for the price to go down again.

[Emitdama]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

That is why it is not a bull trap to begin with. It is bull, not a trap and there will always be some people who are not entirely sure about what is going to happen and they have seen a bear period for nearly 1.5 years which is why they do not have any type of belief that we would go into bull, maybe ever again.

So, when they see a bull starting, they are not entirely sure and that is true that these small increases are not as bullish as it was in 2020, which means that we are not going to suddenly be 10x or anything, this is more like even in best chances we will be 2x and that is still a great thing and it's still a bull but people need to relax and just realize increases can be called bull without being feared.

[milewilda]

Although the possibility that all of this is a bull trap is always there.

But a bull trap shouldn't last this long otherwise it will lose its trap-ness! After all the trend reversal started a month ago and price has had a nice solid rise from $16k to above $20k and stayed there ever since.

That is why it is not a bull trap to begin with. It is bull, not a trap and there will always be some people who are not entirely sure about what is going to happen and they have seen a bear period for nearly 1.5 years which is why they do not have any type of belief that we would go into bull, maybe ever again.

So, when they see a bull starting, they are not entirely sure and that is true that these small increases are not as bullish as it was in 2020, which means that we are not going to suddenly be 10x or anything, this is more like even in best chances we will be 2x and that is still a great thing and it's still a bull but people need to relax and just realize increases can be called bull without being feared.

Not really that shocking that there are really indeed people who do just really make out some claims without even try to realize that the market cant really be just having a single path or movement which it would really be that impossible that it would really be just continuing on going up without having any retracement or pullbacks and on the time that people would be seeing some decline even on <10% movement then they are
really that trying out to claim that it was a bull trap which is really that a very wrong idea to have. Sentiments for this February does really seem like to be quiet and there's no fundamentals
around which could trigger out some possible huge significant movement but its not still that assured.

[bbc.reporter]

I voted yes on the poll when this thread was created, however, there are very concerning reports that SEC comissioner Gary might become more aggressive in enforcement of regulations on exchanges, Defi projects and banks that are cooperating in the cryptospace to put them under the control of the government. The fear this might create on investors might cause bitcoin and all of the cryptospace to another big dump again.



SCOOP:@GaryGensler
 is embarking on a "midnight massacre" in an attempt to bring all of #crypto under his control. In the coming weeks, the @SECGov, @NYDFS and the @USOCC will be bringing a myriad of enforcement actions against exchanges, banks and entities that mint tokens in an attempt to label the majority of them as securities. I'm told Gensler's strategy is to bring as many enforcement actions as possible while the 118th Congress is still getting its bearings.

Source https://mobile.twitter.com/eleanorterrett/status/1623796900586573826?s=12&t=Y8PGZiPJkfD7x2wbVVy53g



I reckon they have began on Coinbase and Kraken already.

[tokeweed]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Yeah tho I wouldn't have said the same thing a week ago tbh.  But now it's looking like it's having a bit more resistance at the upper 23k range.  Could it be just a correction?  Maybe...  But what we prolly need right now is for BTC to go back down around 20k and let those people in the side lines join the ride and push the price up again and hopefully get it over 25k.

Anyway, US session is starting in an hour or so and it looks like it's going to be red judging from the SPX futures.  Let's see how crypto reacts when it starts. 

[buwaytress]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Easy for me to say of course with the hindsight of the last week, but yeah, it's going to require a full 15% rally, and sustained, to break and stay above $25k. Still very much on the cards, but I wonder if there's just too much uncertainty now to figure in that kind of push in 2.5 weeks --we're about to receive news on full 2022 economic performance and I suspect it will be worse than expected.

[tokeweed]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Easy for me to say of course with the hindsight of the last week, but yeah, it's going to require a full 15% rally, and sustained, to break and stay above $25k. Still very much on the cards, but I wonder if there's just too much uncertainty now to figure in that kind of push in 2.5 weeks --we're about to receive news on full 2022 economic performance and I suspect it will be worse than expected.

But does past economic performance really still have an effect on BTC and the altcoin market?  I feel like after FTX's demise, the crypto market showed that it had nothing more give in terms of sell downs and went down not by much if we compare it with the Luna fiasco.  If the market really had more sell downs to give I think it would've went down to 12k?  Dunno...  But it sure looks like there aren't much sellers at the 16k - 20k range.

A lot of you guys would prolly welcome another sell down to 16k just so you could pick more up. 

[fzkto]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Easy for me to say of course with the hindsight of the last week, but yeah, it's going to require a full 15% rally, and sustained, to break and stay above $25k. Still very much on the cards, but I wonder if there's just too much uncertainty now to figure in that kind of push in 2.5 weeks --we're about to receive news on full 2022 economic performance and I suspect it will be worse than expected.

But does past economic performance really still have an effect on BTC and the altcoin market?  I feel like after FTX's demise, the crypto market showed that it had nothing more give in terms of sell downs and went down not by much if we compare it with the Luna fiasco.  If the market really had more sell downs to give I think it would've went down to 12k?  Dunno...  But it sure looks like there aren't much sellers at the 16k - 20k range.

A lot of you guys would prolly welcome another sell down to 16k just so you could pick more up. 

The LUNA and FTX story was crushing, but it's all links in the same chain. As well as several bankruptcies of large funds that were linked to it. No one knows, maybe something like this could happen again. Like the bankruptcy of Grayscale Investments or something like that, which could bring another shock to the market. Anyway, I don't exclude that there could be a continuing story with bankruptcies.

[jrrsparkles]

Pretty much everyone said yes when this thread was created but for the past few days the things are not going in the way we expected and there seems a reversal of trend and let's hope its just a short term atleast will not break 20K resistance,

Do we have any other big news that caused the price to crash when its constantly growing for a while?

[electronicash]

Personally I think breaking $25K this month could be a bit early, especially if most people are expecting it to happen already. I think March is more realistic, though wouldn't rule out breaking above $25K in the next week or two. I think it depends more so if current prices or $21K level will hold as support, if not then it will likely take price longer to consolidate if $20K (accumulation) levels are re-visited.

Easy for me to say of course with the hindsight of the last week, but yeah, it's going to require a full 15% rally, and sustained, to break and stay above $25k. Still very much on the cards, but I wonder if there's just too much uncertainty now to figure in that kind of push in 2.5 weeks --we're about to receive news on full 2022 economic performance and I suspect it will be worse than expected.

But does past economic performance really still have an effect on BTC and the altcoin market?  I feel like after FTX's demise, the crypto market showed that it had nothing more give in terms of sell downs and went down not by much if we compare it with the Luna fiasco.  If the market really had more sell downs to give I think it would've went down to 12k?  Dunno...  But it sure looks like there aren't much sellers at the 16k - 20k range.

A lot of you guys would prolly welcome another sell down to 16k just so you could pick more up. 

yep it does look like there are no bears going to sell as such price anymore after it wont 24k last week. but the greed index in crypto market this week is not encouraging. its still in neutral 49 https://www.cointree.com/learn/crypto-fear-and-greed-index/
i guess it also convince investors that we are really no yet out of the woods.

while dow, s&r is already in the greed 70 https://edition.cnn.com/markets/fear-and-greed