BTC Sentiment Poll for November

[tygeade]

When Bitcoin crossed the historical 30-32k resistance and people saw it sticking around, it felt like a big relief. The positive sentiment about Bitcoin is strong. Now, it just needs some confirmations to make sure the price stays up, aiming for $38k. If that happens, it might go even higher over the next day or two.

It seems like phase 2 is starting a little early. Phase 3 is expected to start around the middle of next year. We might witness a new all-time high, so exciting times ahead!

Yes, must be a great period, people have seen it break over 30k before, but they did not see it go above 35k before, so when the price reached above 32k, people started to think that it is going to do very well. This is going to near that 40k range and I think that is going to be a historical moment. After it breaks over 40k there is no turning back, people are fully just on the verge of doing the bigger return thing and I believe that it is going to be quite good, should be very proud moment.

Buying before 40k is very very important because of this, if we want to have a good return on our investment we should be trying our very best, that's an important thing. I understand not everyone approaches things the same way, but they should, or at least they should try their best. Not everyone will have money to invest before 40k, so they could do it later on when they do have the money, but if you do have the money then you should try to do your very best without a doubt.

[tokeweed]

I'm not super bullish like that just yet, I think it takes multiple perspectives to add up to something really bullish.   So for example the Dollar index or DXY is still rising, its still strong and will remain so until it can lose the 100 figure and trade below that.  Dollar strength puts pressure on prices across a variety of tradable commodities, everything but bonds where its bullish for debt trading.  Part of how the system works, well that means Bitcoin is in competition with everything else despite the gains I would view that as a balloon with too much water in it or something, I think it can sell off a bit.
  I could be reading it wrong of course, still waiting for resistance to show up on the radar and for us not to hit it like a ship hitting  a rock.  Its definitely out there somewhere just waiting :p

Looking at the daily chart rn, technical resistance looks like it's gonna be around 48k?  What do you think?

And do we really have to factor in the DXY and how if it trends up it puts some pressure on the market?  Maybe stocks and commodities but it's not really affecting BTC and the rest of crypto right now...  Some L1 alts are trending up, SOL is going a bit crazy and this new thing TIA is going really crazy after airdrop.    And don't get me started about memecoins.  Lolol. 

And looking at the DXY chart, it's the one trading at resistance rn.

[yudi09]

When Bitcoin crossed the historical 30-32k resistance and people saw it sticking around, it felt like a big relief. The positive sentiment about Bitcoin is strong. Now, it just needs some confirmations to make sure the price stays up, aiming for $38k. If that happens, it might go even higher over the next day or two.

$38k is not a tough challenge that can be achieved in the future before 2024. There are still around 48 days left of opportunity to reach a price of more than $38k if this positive trend continues to persist at the $37k level.
For at least the remaining 48 days we will be waiting for a price of $40k.

It seems like phase 2 is starting a little early. Phase 3 is expected to start around the middle of next year. We might witness a new all-time high, so exciting times ahead!

It only takes patience to reach the hope that has been hidden for so long because discussing the cycle that has been passed and will be passed will never end. As the CEO of Grayscale said, we have to be ready for the main event.

[KingsDen]

Yea I'm not getting into numbers but I voted for the Bull too!

I voted for bull trap but I do not actually know why but my instinct tells me that it is too early to enter the bull run. If the bull run starts now, it will not be very effective and a new ATH might not be seen. Why I said so is that the open window is so large, although halving is 6 months away but the main halving bull run does not happen immediately on the halving day. It takes some few more months and when the window is too open for a long time, there will be possibility of bad news happening which will impact the bitcoin price.

I have been tending to doubt the possibility of this halving coming with a bull run but history has it that it must happen. But to what extent is what I do not know but if we can get 150% from the current price, it will not be bad.

[tokeweed]

Ok guys as how we do it with these sentiment threads, I locked the poll at the middle of the month to avoid the results getting skewed towards how the market looks at the end of the month.  So we got 24 guys who feel like it's already a bull market, 6 people voted that it's a bull trap and three of you guys who doesn't know what to feel about the run up.

Looking at the chart, it looks good and any drop as long as 31k - 32k holds and becomes new support should tell us that it could already be a bull market.

[Ndabagi01]

Looking at the chart, it looks good and any drop as long as 31k - 32k holds and becomes new support should tell us that it could already be a bull market.

BTC has been fluctuating between 31K and 35K for more than a week. It does not appear that it will go above that price at this time, indicating that it has reached a new support level. Even if there is no massive bull run (say, +10,000 to the current price), the price is unlikely to fall below the new support it has formed. By the end of November, which is only two weeks away, I'm expecting a price of $40K+, which appears to be possible given current market trends.

[EarnOnVictor]

I don't think this is about ETF manipulation, but you must really understand that adoption is getting stronger due to Halving too, I do not deny that the increase that occurs one of the ETF Bitcoin news sentiments which is now increasingly strengthened from the retail community and also institutional investors But whatever power that we will indeed experience a big surge next year, and preparation for November will also be an opportunity for small investors to collect more bitcoin.

I also previously did not have more expectations at the end of the year, that reaching $ 35k alone was enough for Bitcoin to show its strength, but they asked for more and maybe we would get a price of more than $ 40K at the end of this year.

While the ETF news ended up being a lie, at the same time this incident awoke the interest on this market once again and it seems investors are now taking a position preparing themselves for the halving, however while the ETF approval did not happen I really think that the people in the known are predicting that eventually one may get approved soon and they want to buy bitcoin before that happens, as the reaction of the market to that news will be very vigorous and the price will surely grow very rapidly after such news was confirmed.

It already proven to be fake news right? the supposedly cointelegraph tweet and then the ticker suddenly listed. But still the market wasn't deterred, it continue to buy and as as result the market went and break the biggest barrier that we have for this year and that is $32k. And it continue to grow in the last week of October and the bullish sentiments carry it till this day, looking at the market cap,

High
$37,926.26

So it almost touch $38k in the last 24 hours and so far we really don't know what drove the investors to pour their money again and I doubt that it is about ETF. Or maybe they are just fattening their wallet in preparation for a bull run.

Yes it was fake news fake news earlier put out by mainstream media cointelegraph on its X account. And that triggered quite a big reaction in the market.
But this march of increased adoption I think from another point of view about this significant growth in November because of the continued heated discussion in many media about the bitcoin halving which made bitcoin experience high popularity so that it gets the attention of investors, and also bitcoin became the best asset again during this year with more than 100%, from the price as of January.

It is possible that the holders of financial exchanges continue to buy bitcoin, if you look at the ETF itself, then the exchange that trades it they must have bitcoin, and most likely these asset managers are buying slowly bitcoin before the price is higher.IMO

Fake news but it turns out to be a good or positive trigger that we do have on this market on which with that sudden deletion of that ETF approval fake news but still it do ends up that the market do end up on having on the same sentiments on which it did really get in line with Blackrocks application and now those chances for it to be approved on which it did really cause up on markets to go even further.
We cant really deny nor not that blind not to see those kind of catalyst on which it did make that trigger but well not all that it is happening is determined with that news yet it could really be moving out
completely without having any sentiments such as this. Tons had been anticipating that the price might really be that going sideways for a while but it turns out that
the price had made some breakout on which we didnt really expect for it to happen. What causes up for shoot up more? No one really knows but rest assured, we arent still on a bull run yet.

If you are conversant with the financial market you would know that it loves to react to a thing like that, fake or real, the market loves it, even rumours and the deed is already done. I don't possibly know how Bitcoin can return back to the level it was before the fake Blackrock news and the generally rekindled bullish impact caused by the ETF saga in October. The ETF discussion has been a subject of controversy but a blessing to the Bitcoin and Crypto markets where FOMO drives more capitalization. But it wouldn't have been this much if not for the anticipation of the halving coming next year. It wasn't a bad idea for people to buy the markets since they were already low, it would hardly cause anymore to lose their money and buying at a low price is the best luck any investor could have.

[tokeweed]

I just found out about Binance.  Lol.  I'm pretty sure a lot of people watching the market were expecting something different...  Maybe a blood bath?    But no, BTC is holding strong despite the shenanigans.  So that could really mean one thing...  We are in a bull market.  If this kind of news got out around October - November last year, omg.  Huge red candle for the month for sure. 

I know 1D looks like it's running into some resistance but look at the monthly chart.  It looks really good.

[ultrloa]

When Bitcoin crossed the historical 30-32k resistance and people saw it sticking around, it felt like a big relief. The positive sentiment about Bitcoin is strong. Now, it just needs some confirmations to make sure the price stays up, aiming for $38k. If that happens, it might go even higher over the next day or two.

$38k is not a tough challenge that can be achieved in the future before 2024. There are still around 48 days left of opportunity to reach a price of more than $38k if this positive trend continues to persist at the $37k level.
For at least the remaining 48 days we will be waiting for a price of $40k.

We are near to that level and its not actually hard to reach in this current situation. We are now speculating a bull season so provably the demand rise up that's why we can see bitcoin pretty much doing some strong movements. Also even if there's fuds against binance official still bitcoin doing good despite that happenings. That's why we can conclude that maybe in next few days or weeks we can see that target to achieve.

What more tricky about that is to question on when bitcoin could able to reach at $40k since if it that price happen in this year there's lot of potential that next year we could see a $50k or even more. To many exciting things that could possibly happen and halving usually bring good impact to the price of bitcoin so provably we can also experience huge pump to happen while we are close to see bitcoin halving occur.

[Doan9269]

Looking at the chart, it looks good and any drop as long as 31k - 32k holds and becomes new support should tell us that it could already be a bull market.

BTC has been fluctuating between 31K and 35K for more than a week. It does not appear that it will go above that price at this time, indicating that it has reached a new support level. Even if there is no massive bull run (say, +10,000 to the current price), the price is unlikely to fall below the new support it has formed. By the end of November, which is only two weeks away, I'm expecting a price of $40K+, which appears to be possible given current market trends.

With the way the bitcoin market have been recently going, it's likely possible that we shifted to receiving the month end between $36k to $39k by the end of this month, though anything can change that we have more other reasons to see the market pumps more or not, because this year altgrou is marked for rising and not falling in market price, all other days of this year will also signifies the rising of another move to $40,000 as we proceed towards the halving against next year.

[fzkto]

Looking at the chart, it looks good and any drop as long as 31k - 32k holds and becomes new support should tell us that it could already be a bull market.

BTC has been fluctuating between 31K and 35K for more than a week. It does not appear that it will go above that price at this time, indicating that it has reached a new support level. Even if there is no massive bull run (say, +10,000 to the current price), the price is unlikely to fall below the new support it has formed. By the end of November, which is only two weeks away, I'm expecting a price of $40K+, which appears to be possible given current market trends.

With the way the bitcoin market have been recently going, it's likely possible that we shifted to receiving the month end between $36k to $39k by the end of this month, though anything can change that we have more other reasons to see the market pumps more or not, because this year altgrou is marked for rising and not falling in market price, all other days of this year will also signifies the rising of another move to $40,000 as we proceed towards the halving against next year.

I think November and December will be positive for bitcoin because Tether is printing a lot of usdt. Although without that usually the end of the year was more often good than bad for bitcoin and cryptocurrencies. I expect November to not be a dump.

[sana54210]

I just found out about Binance.  Lol.  I'm pretty sure a lot of people watching the market were expecting something different...  Maybe a blood bath?    But no, BTC is holding strong despite the shenanigans.  So that could really mean one thing...  We are in a bull market.  If this kind of news got out around October - November last year, omg.  Huge red candle for the month for sure. 

I know 1D looks like it's running into some resistance but look at the monthly chart.  It looks really good.

I mean it makes sense that BNB did fall, and that's understandable because they are going to pay 4.3 billion dollars, not like they are going to sell their BNB to pay for that fine, so to be fair BNB didn't even had to fall, but I can understand the logic. However, why would bitcoin fall because of this news? I feel like that's not the issue and we should probably realize that it is not going to be a trouble at all. People just need to realize what's good and what's not, that would make things easier for everyone. I get that it may not be all that simple, but it should be quite easy to handle it all.

I believe that we are going to end up with something that should be important to notice, and it could definitely be a big deal. I hope that we can't really see this through without some big jumps, because we really need them and people realized that this news is nothing, which is a great feeling because sometimes market could overreact to these type of news.

[danadc]

November is about to end and it is a month that has been very beneficial, it has served a lot to give what will be for December of this year, and it can be seen as something positive, I think that the price of bitcoin can rise a lot and It is a fact that everyone thinks that a new ATH is now possible and yes, although many do not think so, I do think so because many investors have not sold and even though they are in profits they do not want to do so, it must be for something and that is what motivates you to buy november, and to buy when it goes down, that's the trick, it's simple, you just have to have money to buy and have a great investment, November has been the month for that.

[JoyMarsha]

When Bitcoin crossed the historical 30-32k resistance and people saw it sticking around, it felt like a big relief. The positive sentiment about Bitcoin is strong. Now, it just needs some confirmations to make sure the price stays up, aiming for $38k. If that happens, it might go even higher over the next day or two.

It seems like phase 2 is starting a little early. Phase 3 is expected to start around the middle of next year. We might witness a new all-time high, so exciting times ahead!

Based on my current understanding of this, the historical resistance prices for Bitcoin this year require months to break through on each. Given that we have now crossed the $27k–$29k, $30k–$32k, and currently $35k-37k+ mark, the price of bitcoin may begin to cross this threshold($35k-$37k) in December and remain there until January of next year. That will be the price of $40k and above.

[STT]

Binance is fixed news in that it does not appear to be a negative which spreads in an unknown way.  Its announced and resolved quite quickly and the idea of disclosure and anti laundering was already a known factor to exchanges.  Maybe thats why, the main reason BTC does not pull back is the Dollar index I think.   So far I see BTC standing on support about 36k, also a prior ceiling to movement roughly.  If it lost that and also DXY started to trend up I would expect a  fall.  I thought maybe November could see this fall but seems there is no imperative to especially sell or move a large amount at present in either direction.

[Onyeeze]

Following the price history of Bitcoin for the past November price in the past years, it's likely that the price of Bitcoin this month is going to drop. From history, the bitcoin price usually increases in November if it's in the halving year. Just as 2024 is the next Bitcoin halving, the price of Bitcoin will definitely surge high by this time next year. IMO, we are not yet in the bull market, although the price might increase more than $35k but will still drop. There was some speculation that Bitcoin would already reach $100k+ before the end of the year, but I doubt it would be archivable.

Everyone knows very well that the price of bitcoin will rise in 2024 and this year 2023 especially this November and December 2023, so everyone is expecting bitcoin to rise, so therefore we should not panic again because I know that the price of bitcoin will not exceed 39k to 40k this year, I know that before bitcoin to increase more than this particular price will reach 100k this year even next year if the price of bitcoin increase it should be between the middle of the year, so whatever we are thinking of the price to increase that should be after halving.

[asrinur]

I think currently the bitcoin market is in a bullish condition, this is marked by a significant increase in the price of bitcoin where the price of bitcoin is currently in the range of $36k-$37k. Therefore, seeing that the market is currently green, I am optimistic that by the end of this year the price of bitcoin can reach $40k-$45k.

[Andrija Branislav]

Looking at the daily chart rn, technical resistance looks like it's gonna be around 48k?  What do you think?

It looks like the 48k number will be picked up but it will take another 10k to reach that level. Yes. maybe it's not much for BTc but it can only be said if it is achieved. We don't know what will happen tomorrow or in the next 2 days. Of course, I hope that maybe other things will happen so that progress is fast and doesn't take too long.

[aylabadia05]

I think currently the bitcoin market is in a bullish condition, this is marked by a significant increase in the price of bitcoin where the price of bitcoin is currently in the range of $36k-$37k. Therefore, seeing that the market is currently green, I am optimistic that by the end of this year the price of bitcoin can reach $40k-$45k.

Already past $ 38k even before the price of $37,750.18, Bitcoin has penetrated $38.349.
It is not impossible we will reach $40K in the near future with consideration of various positive signals that occur in the market.
The price comparison of Bitcoin in Thanksgiving 2023 shows a very far price from previous years which began recorded since 2010.

Optimistic attitude in the price of Bitcoin I think it is important we can prepare ourselves so as not to get caught up with various FUDs that make the optimistic attitude change suddenly.
For now, Bullish is still strong ongoing.

[el kaka22]

It is cool that we were right with the bull market prediction, it's clear that we started with a great number already, but no matter what happens we stood strong and we are at a good level anyway. I think that's important because after certain months of bullish movement, it ends up being a little bit different, usually like 2-3 months of bullish run is usually followed by a bearish market and that should be important, we could had something like that during November and we didn't, that's good.

I understand that it may not end up with something that would be all that crazy, we should consider the situation a little bit different in the end, and could be done differently one way or another, December is the breaking point, if that's bullish too, then we will just skyrocket.