BTC Sentiment Poll for April

[buwaytress]

So we're at the next stop, and it's only Week 2.

Too early to say, (when is it never?) but I do note that price has broken and stayed above 30k, with no signs of let up even as Europe trading closes. Would have expected several retraces but if we stay up a full 24 hours, and then even on Friday, it will be a good breather.

Personally, still waiting for one last big bad event. Don't think people have hurt just as badly as 2020.

[uneng]

Impressive day for bitcoin! Price pushed above the 30,000$ line to almost 30,400$ and small corrections since then to 29,900$, with instant recoveries to 30,000$ again. The currently tendency wants bitcoin to stay above the line, although I also see some considerable pressure trying to revert this tendency downside. I guess we are going to see a constant battle till the end of the day for supremacy (between bullish and bearish).

It's still early to say what is going to happen next. For now I just want to remain hopeful and optimistic, because that is the feeling the year of 2023 has brought to us.

[tokeweed]

So we're at the next stop, and it's only Week 2.

Too early to say, (when is it never?) but I do note that price has broken and stayed above 30k, with no signs of let up even as Europe trading closes. Would have expected several retraces but if we stay up a full 24 hours, and then even on Friday, it will be a good breather.

Personally, still waiting for one last big bad event. Don't think people have hurt just as badly as 2020.

Yup but looking at the hourly, it looks like it stalled a bit and went below 30k for a bit.  All good tho as it's out of the 28k range and looking to stay above it albeit a little stall.  It's ETH that's looking strong rn.  Prolly value trickling down at ETH then down a little bit to the other major alts like BNB.  We're on our way to another alt season me thinks.    Just wait for any random coin with a Doge logo do a random 10x in a random week.  Lolol.

And what do you think the bad event will be? 

[dragonvslinux]

So we're at the next stop, and it's only Week 2.

Too early to say, (when is it never?) but I do note that price has broken and stayed above 30k, with no signs of let up even as Europe trading closes. Would have expected several retraces but if we stay up a full 24 hours, and then even on Friday, it will be a good breather.

Personally, still waiting for one last big bad event. Don't think people have hurt just as badly as 2020.

Yup but looking at the hourly, it looks like it stalled a bit and went below 30k for a bit.  All good tho as it's out of the 28k range and looking to stay above it albeit a little stall.

People still get too hung up on short-term time-frames when analysing longer-term time-frames, like in this case the monthly. Sure it stalled on the 1 hour chart, there was even good entries for short positions on this time-frame for day traders, but naturally that's a short position that is only really going to last a few hours at best. It's basically irrelevant in the context of the daily, weekly or monthly time-frames.

As you said as long as price is above $28K previous consolidation range then consolidation at higher levels is far from bearish, in fact it's the opposite.

It's ETH that's looking strong rn.  Prolly value trickling down at ETH then down a little bit to the other major alts like BNB.  We're on our way to another alt season me thinks.    Just wait for any random coin with a Doge logo do a random 10x in a random week.  Lolol.

Wow really, ETH looking bullish? I mean sure, every altcoin looks bullish right now against fiat currencies. Even DogPooUltra Coin is probably bullish right now. But against Bitcoin? No chance.

While Bitcoin is up 80% this year so far, Ethereum is down over -10% and looks like it's finally about to roll over and break support imo. Sure it's up 60% against the dollar this year, but it's done no-one any favours compared to holding Bitcoin - apart from losing 10% of it's Bitcoin value that is. Instead, Bitcoin's market dominance looks like its finally breaking out of it's 2 year long range to the upside.

Overall Bitcoin's market dominance looks very much looks like 2019, minus the 2018 growth that instead last year was more consolidation sideways. But if 2019 is anything to go by then Bitcoin's dominance is likely to reclaim the majority of the market again, somewhere up to about 60% if I had to guess. Notably Ethereum will be the coin to suffer most of this, as is usually the case.

[JoyMarsha]

The current price of bitcoin makes me feel a little bullish because it has crossed the $28k to $30k+ price range that it appears it was taking some time to reach before. That's a good development.

To me, this $30k price is a fantastic starting point for this month. I'm confident that this April, the price of bitcoin will increase gradually, before we know it, we might be seeing bitcoin hitting the price of $34k before the end of this month.

[Kemarit]

The current price of bitcoin makes me feel a little bullish because it has crossed the $28k to $30k+ price range that it appears it was taking some time to reach before. That's a good development.

To me, this $30k price is a fantastic starting point for this month. I'm confident that this April, the price of bitcoin will increase gradually, before we know it, we might be seeing bitcoin hitting the price of $34k before the end of this month.

We should be very bullish by now, we have crossed $30k already, that round numbers and for us it's a big barrier to break. But we just slice it easy, although it didn't hold, but it just shows that the market might still be in the bullish trend for this month.

One remarkable thing is that the market is moving sideways for more than a week, then suddenly this surge.

I know it's hard to see or predict, but we have been bullish in the first 3 months and I don't think that April will not follow that trend.

[OgNasty]

I voted super duper bullish. I think that will end up being the correct answer when we look back in another 2 years. I expect that when looking back, everyone will wish they purchased BTC below $30,000. They won’t be worried about if they bought at $16K or $30K, they’ll just wish they bought more. Maybe I’m wrong, but I’m as bullish as I could be without being completely irresponsible.

[lionheart78]

The recent break out of Bitcoin on $30k gives me an impression that we are starting to see bulls on the horizon.  Though I still consider that we are still in transition and anything will happen ( the possibility of retracement and bull trap), I am still positive that Bitcoin will climb up to at least $32k and go sideway from there for some time since as we observed, Bitcoin had been moving by $4k difference, ($24k and $28k)  and staying on that price for sometime before moving either up or down.  So from that, I think the next Bitcoin target is $32k.

[Wexnident]

Ehhh I reckon we'd stop for a bit here for a few weeks. Im bullish for maybe $35 or 40k in around 3 months maybe, jump from 28 to 30 was kind of fast so I wouldn't get my hopes up hoping for more (like what happened when it jumped to 28 last time iirc)

I'm more than happy enough if Bitcoin simply stays above 28 though, as the worst case scenario.

[lixer]

It's been consolidating in this price range, around $28,000 and there are no major movement. I think the resistance is $28,500, if we can break that and then price remain steady, then we could move upward to $30,000. But so far none this month, it's very slow, but maybe in the latter part of the month, we might see a good news that will boost the price. So we will see, yeah, I know that there is no guarantee, and so we might have to take it day by day.

Or if no $30,000 in the horizon, might be some pull back, but we shouldn't be discourage, it could be a good and healthy one, even in bull run, we will see some pullback as the market needed this short period so that we can go back and refresh the market when the price goes down and everyone can buy again.

April seems to be a unique month and different from the past three months that we have were we witness an increase in the price in the beginning of each month. I'm still fine with the current month as long as the price won't drop heavily because it might delay us again on reaching the higher levels and it wasn't easy to get this far. A pullback isn't discouraging though as you said but it was only a part on how this market works. It happens so that those who are late in crypto can be given a chance to buy at a lower price even if not the same low as the pioneers' experience.

[tokeweed]

So we're at the next stop, and it's only Week 2.

Too early to say, (when is it never?) but I do note that price has broken and stayed above 30k, with no signs of let up even as Europe trading closes. Would have expected several retraces but if we stay up a full 24 hours, and then even on Friday, it will be a good breather.

Personally, still waiting for one last big bad event. Don't think people have hurt just as badly as 2020.

Yup but looking at the hourly, it looks like it stalled a bit and went below 30k for a bit.  All good tho as it's out of the 28k range and looking to stay above it albeit a little stall.

People still get too hung up on short-term time-frames when analysing longer-term time-frames, like in this case the monthly. Sure it stalled on the 1 hour chart, there was even good entries for short positions on this time-frame for day traders, but naturally that's a short position that is only really going to last a few hours at best. It's basically irrelevant in the context of the daily, weekly or monthly time-frames.

As you said as long as price is above $28K previous consolidation range then consolidation at higher levels is far from bearish, in fact it's the opposite.

It's ETH that's looking strong rn.  Prolly value trickling down at ETH then down a little bit to the other major alts like BNB.  We're on our way to another alt season me thinks.    Just wait for any random coin with a Doge logo do a random 10x in a random week.  Lolol.

Wow really, ETH looking bullish? I mean sure, every altcoin looks bullish right now against fiat currencies. Even DogPooUltra Coin is probably bullish right now. But against Bitcoin? No chance.

While Bitcoin is up 80% this year so far, Ethereum is down over -10% and looks like it's finally about to roll over and break support imo. Sure it's up 60% against the dollar this year, but it's done no-one any favours compared to holding Bitcoin - apart from losing 10% of it's Bitcoin value that is. Instead, Bitcoin's market dominance looks like its finally breaking out of it's 2 year long range to the upside.

Overall Bitcoin's market dominance looks very much looks like 2019, minus the 2018 growth that instead last year was more consolidation sideways. But if 2019 is anything to go by then Bitcoin's dominance is likely to reclaim the majority of the market again, somewhere up to about 60% if I had to guess. Notably Ethereum will be the coin to suffer most of this, as is usually the case.

I mean starting to look good.  ETH/BTC seems to have bottomed out.  And as how it happens during bull markets, it has always been BTC going up the most and outperforming the rest at first...  Then the action flows down to ETH and the other high valued alts like BNB which starts alt szn.  And from there it trickles down a little bit further until it goes down to the shtiest of coins with dog logos randomly pumping which is the beginning of the end for alt szn.  Lol.

Anyway, a lot of peeps are prolly starting to be convinced that the bear market is over.

[Roman_Picisan]

Most are starting to believe the bear market is over and it's time for the bulls.
I'm sure there are also those who don't want this situation to happen because they haven't had the chance to own Bitcoin at a bear time.
But it will not affect the current price support.
We need to pay close attention to the second week's closing price. If it gets past $31K then I believe $40K is a good price this April.

[Baofeng]

Most are starting to believe the bear market is over and it's time for the bulls.
I'm sure there are also those who don't want this situation to happen because they haven't had the chance to own Bitcoin at a bear time.
But it will not affect the current price support.

What do you mean? they have the chance to own Bitcoin, if and only if they do DCA and bought when when we are less than $20k. There are a lot of opportunities for us to get in around this price. Remember that we have two lowest lows for that year, and the last is around $15,500. But the problem is that there are investors who are likely waiting for the price to hit around $10k-$12k. They are hoping that the price will still go down hard and wait for that opportunity that eventually didn't happen. But who knows, maybe there will be one final crash, but I'm not seeing it going to $10k though.

We need to pay close attention to the second week's closing price. If it gets past $31K then I believe $40K is a good price this April.

The resistance now is $30,500 and if we can break, then another bullish structure will form. And we all know that it takes a couple of times before we can break that resistance, and it's not a one time test. So we will have to wait, just like when majority says that $30k will be broken in March, it takes at least 12 days before we can finally break it and sustain that run.

[justdimin]

it looks like it stalled a bit and went below 30k for a bit.  All good tho as it's out of the 28k range and looking to stay above it albeit a little stall.

I agree that we are not going to go down under 28k anytime soon, that would require some substantial amount of money that needs to leave the market and not like we have anything that will be like that on the horizon right now. Could happen one way or another but that is not going to happen these days. I bet that we are going to end up seeing something that should be considering a bit towards the current mathematic which would be going up in the bull run.

Not a lot of people would see something like this, I mean think about it bitcoin is doing as well as hoped for; so why would it go down, even if we consider 28k could hold well, maybe we won't even need that and we will keep going for the rest of this year with small hiccups time to time.

[inthelongrun]

After finally breaking $30k, I thought bitcoin correction happens. But so far it only touched again the $29k mark and is now back again at $30k. I believe bitcoin will now slow down a bit, maybe it will end at $31k at the end of this month. But since it is now over the $30k mark, I am calling April bullish although not that much.

I might have to wait until next month and see if there are lower dips for my DCA this month. Maybe $28k is doable in the next few weeks to come.

[Yaunfitda]

After finally breaking $30k, I thought bitcoin correction happens. But so far it only touched again the $29k mark and is now back again at $30k. I believe bitcoin will now slow down a bit, maybe it will end at $31k at the end of this month. But since it is now over the $30k mark, I am calling April bullish although not that much.

I might have to wait until next month and see if there are lower dips for my DCA this month. Maybe $28k is doable in the next few weeks to come.

Yeah, quite surprised to see the price touching $29k again, I thought yesterday that we are going to make a run because the price did bounce back to $30,200++. I'm not sure what news really bring the price to this level again, but in any case, it's anothe opportunity to accumulate again.

And this is just to validate that we can go on parabolic rise, so at some point, we need to have corrections.

But this looks like a healthy one so that others can enter the market again when the price goes to $28k or below it. $28k might be the next support, if it is broken we are still good at $25k.

[superman184]

Most are starting to believe the bear market is over and it's time for the bulls.
I'm sure there are also those who don't want this situation to happen because they haven't had the chance to own Bitcoin at a bear time.
But it will not affect the current price support.
We need to pay close attention to the second week's closing price. If it gets past $31K then I believe $40K is a good price this April.

In this month I saw the price of Bitcoin at $31K a few days ago or in time it was April 14 2023, but this price was only seen briefly and did not go beyond $31K but fell back to $30K a few days ago or exactly the day after you made this post. So, for now, everyone can see a correction in the market again and yes, those who haven't had the chance to buy yet will make purchases soon if they have sufficient capital and stable courage.

Because there are many people who watch corrections as a normal thing without taking advantage of it to buy, even though some of the audience for corrections are people who are waiting for a price increase to occur so when they see a correction they just choose to remain silent.

[bitzizzix]

After finally breaking $30k, I thought bitcoin correction happens. But so far it only touched again the $29k mark and is now back again at $30k. I believe bitcoin will now slow down a bit, maybe it will end at $31k at the end of this month. But since it is now over the $30k mark, I am calling April bullish although not that much.

I might have to wait until next month and see if there are lower dips for my DCA this month. Maybe $28k is doable in the next few weeks to come.

Yeah, quite surprised to see the price touching $29k again, I thought yesterday that we are going to make a run because the price did bounce back to $30,200++. I'm not sure what news really bring the price to this level again, but in any case, it's anothe opportunity to accumulate again.

And this is just to validate that we can go on parabolic rise, so at some point, we need to have corrections.

But this looks like a healthy one so that others can enter the market again when the price goes to $28k or below it. $28k might be the next support, if it is broken we are still good at $25k.

Bitcoin price struggled to break through 31K but 30K was one of the targets some investors took to profit after they bought it below 25K, and all that happened was a healthy correction that wouldn't dive too deep.
and if the bitcoin price reaches 27K again, it will likely drop back down to 25K or so, and that drop is a good option for accumulating holdings. And I think bitcoin price will break 31K in late April or early May and continue to target 35K, and this is just my opinion which is not necessarily true because bitcoin prices are not easy to predict, and sometimes bitcoin prices go up or down due to some factors that we never know previously.

[Kemarit]

It's been consolidating in this price range, around $28,000 and there are no major movement. I think the resistance is $28,500, if we can break that and then price remain steady, then we could move upward to $30,000. But so far none this month, it's very slow, but maybe in the latter part of the month, we might see a good news that will boost the price. So we will see, yeah, I know that there is no guarantee, and so we might have to take it day by day.

Or if no $30,000 in the horizon, might be some pull back, but we shouldn't be discourage, it could be a good and healthy one, even in bull run, we will see some pullback as the market needed this short period so that we can go back and refresh the market when the price goes down and everyone can buy again.

April seems to be a unique month and different from the past three months that we have were we witness an increase in the price in the beginning of each month. I'm still fine with the current month as long as the price won't drop heavily because it might delay us again on reaching the higher levels and it wasn't easy to get this far. A pullback isn't discouraging though as you said but it was only a part on how this market works. It happens so that those who are late in crypto can be given a chance to buy at a lower price even if not the same low as the pioneers' experience.

Yes and we have a pullback at $29,300, however, we are still in the middle of this month, and as far as sentiments, investors are still bullish I reckon. And if we have this kind of healthy pullback, it's not discouraging but we have to look at it as opportunities.

As I have said, we should take this golden opportunities in front of us, we may never see the price below $30k in the next couple of months or at least when we approach the halving next year. And this reset it good for us as we can buy and continue to accumulate.

[btc78]

it is being said in the votes that people are just expecting small bull or better to expect both , there might be a small bull or a small bear and that can happen anytime.
while the market is staying at least above 29-30k yet we cannot see the  31k mark to expect at least 35k.

Most are starting to believe the bear market is over and it's time for the bulls.

that is easy  said mate but never to complete believe this mate.

because there are still chances that it will go sideways and you'll lose any way.