BTC Sentiment Poll for November

[tokeweed]

We had one of the best performing month of the year for BTC, if not the best performing month.    So I'm guessing everybody's sentiment might be a tad more bullish?  

For this month's poll, let's try something different.  It won't be a question about the price but a question about what you guys think about BTC's price action now and what it means going forward.

[TravelMug]

I think I'm seeing that the market will continue to go up and so I voted for bull run.

No on really expected that this October will be huge, and with that big gains that we have, it's obvious that we have gain the momentum already this might continue up to the end of the year and it will coincide with what we all been seeing this December around $50k.

So this month we could be touching $40k-$41k.

[aoluain]

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

I'm basing this purely on the 6 month window before the halving and thats what November is.
There has always been a Bull run leading up to the halving and I cant see it not happening again,
ATM with the buzz about a spot ETF floating about its a time of positivity eventhough we dont
know the outcome of any ETF.

[Gozie51]

It is looking obvious that the bull will continue and strongly too. I'm tempted to look at the range of $40k resistance and this because most people fear that inflation may keep raising as the war between Israel and Palestine still going on, people will want to continue hedging with bitcoin and that will keep price action on the bull. Moreover, the year is ending and the halving getting closer while more investors keep DCA.

[goaldigger]

Big money are coming and the market is reacting positively this is why I'm confident that the bull trend was started already.
Looking at the price trend and the TA of many good traders, they are pointing into one direction and its about the bull market.
Bitcoin will break more resistance, so make sure to monitor it because Altcoins will also follow, congrats to those who trusted the market during the dumped season of crypto market.

[LogitechMouse]

October base on the price history of Bitcoin has been a bullish month, and it currently has a 4 consecutive years that the price during the month of October has increase month-to-date. Now it's 5 since the price shoot up because of that ticker symbol.

Anyway, I will stand to my previous prediction that Bitcoin's price might end up reaching the price of $40,000 or even higher to even $45,000 depending if there's some kind of news that makes the investors change their sentiments towards the market. Overall, I think my prediction is a bit realistic since it's kind of near to it's current price, and one good news can change everything.

Overall, I'll be bullish for the remaining months of the year. I believe in the 4-year cycle so... yeah I'm bullish.

[EarnOnVictor]

Bitcoin seems to be raging bullish at this time but I feel differently about the coin, it's gonna sell from now and towards December/January and might pick the bullish trend from there. One thing I've noticed about markets is that they always follow the law of gravity as there is no perfect slope in a sane market, Bitcoin can't be an exception at this time. And if you take a look at the October bullish movements alone, the coin moved almost $10,000 in just a month, which is insane at this time when the pre and post-halving effects have not even started.

Without mincing words, Bitcoin is now heavily overbought, there is no way it will not sell for a retracement to be observed. I don't see the coin breaching $36,000 successfully in November let alone making a sustainable breach above my main barrier of the year at $37,000.

[fzkto]

I hope that November will be as good a month as October. The bull market started in September and I think that November could be even more bullish. The monthly chart looks very good to me. The main thing is that the price does not fall back below 33k.

[Dr.Bitcoin_Strange]

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.

[adultcrypto]

I know it's too early to say that we are in bull market but the optimism is just so high. October ended well for Bitcoin as we recorded a new yearly high then. Now that November continued the bullish sentiment, I still feel we see more highs especially as the year is ending and next year, which is a big year for Bitcoin, is drawing closer.
 
There is no negative news that is being expected anytime soon so I don't see anything that will stop Bitcoin from continuing the rally.

[Lida93]

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.

From all indications we are not going to see bitcoin price hit 100k by the end of this year it's not something we would debate about anymore. It's a MOONvember month which is a critical month for bitcoin price this year critical in the sense whatever news or event that takes  place this month will determine the price of bitcoin by ending of this year December.

I can still reminiscence in the month of August speculating out of high optimism that  the price of bitcoin will get to $65k at the end of the year but I think I'll be withdrawing that figure from what am seeing the price action doesn't appear to surge to $65k anymore so therefore the feasible price we should be looking out for if am to be realistic is between 40k-45k at most.

[ajiz138]

October at the end of the month bitcoin was a little bullish, we know this month there is always an increase in terms of price and now that it has entered November I think bullish will remain but don't expect too much because it might only be able to break the $40K resistance that is the prediction I think now.
Some other news to anticipate the bull trap but I will not rule out this path because anything can happen but a little more towards the halving usually November will be much better so the price will not return to the area below $30K again even if there is negative news that comes to destroy the market.

[kentrolla]

This is a make or break phase wherein we are really not sure if it's a bullrun or bulltrap and if we go by our emotions and market sentiment then itsa bullrun but if we go logically we still cannot declare it as bullrun and right now bitcoin is stagnant around $35k for a while and if we are able to break this and stay above $35k for over a week or possibly touch $40k then it would be crazy as bull market will be started by massive investment flowing due to FOMO and moreover it coincides with precious two bull runs in terms of months when previous bull run started.

I would suggest everyone to actively keep a track of price movements and set alerts based on your targets to ensure we don't missed out on this bull run because we entire mistake bull trap for bull run or bull run as bull trap and wither end up losing the investment or the opportunity to make profits.

Better to have personalized indicators by doing relevant study and backtest the data and act accordingly.

[STT]

Its a bullish trend and has been the entire year despite falling back a few times its never been on the floor being counted out.  A pullback is something actually adding strength its a big deal that comes with experience for those that know to recognize when the pullback adds to potential for gains later and should be taken as a positive.    Ironic but this entire year is how I view that kind of consolidation and so-so slow phase to BTC.
  BTC in 2023 is not a bull market exactly, not the outright hype positive most people attribute towards BTC.   But slow and steady can ironically be a greater positive in long terms stakes which is what we really want or at least I do I prefer a structurally sound rise that can last over multiple time frames not just the short burst up.

Add in consolidation for me and I'll vote that, like steel a good hammering is positive not outright bull just yet

[South Park]

We had one of the best performing month of the year for BTC, if not the best performing month.    So I'm guessing everybody's sentiment might be a tad more bullish?  

For this month's poll, let's try something different.  It won't be a question about the price but a question about what you guys think about BTC's price action now and what it means going forward.

I am on the I don’t know camp, the increase on the price of bitcoin that we saw during October was spectacular, but at the same time I am not so sure this trend can be maintained that easily since it seems to me the price is high enough already, so I could see November being a relatively stable month for bitcoin so things can calm down a little bit or maybe we could even witness a slight decrease on its price, however knowing bitcoin it would not surprise me if I was completely wrong about my expectations.

[el kaka22]

This time it's not really prices but the bull or trap type of question, nice change of pace to be fair I like it. I believe that we are in a bull period right now but also I believe that it's just the start of it and nothing major, we shouldn't really approach it like it is going to be something special right away, that is not the case most of the time.

For example we may not keep on rising for a while longer, the halving is still some time to go and not right now, so we need to take our time. I hope that people do not put all their money right away, or maybe they rather should but do not put any money in expecting a profit daily, because it may go up in the future, looks like it will, but maybe not right away this week.

[Dr.Bitcoin_Strange]

From all indications we are not going to see bitcoin price hit 100k by the end of this year it's not something we would debate about anymore. It's a MOONvember month which is a critical month for bitcoin price this year critical in the sense whatever news or event that takes  place this month will determine the price of bitcoin by ending of this year December.

I agree with you. Some months ago, speculation was high, and most threads  were regarding some market experts who thought that the Bitcoin bull market would begin this year and that the price of Bitcoin would hit an ATH even before the halving would take place. Well, I am yet to see that coming live. I know that this market is not controlled by anyone, and anything can happen, which will not even be a surprise unless Bitcoin just surges to $500k overnight. Or do you think that any event or good news could just come up tonight that will trigger the price of Bitcoin to fly past $499k? In this market, there is lots of speculation, but I doubt that Bitcoin will get to $100k this year, and I also doubt if we are yet in a bull market. This afternoon, I took a look at the price history of Bitcoin for November alone, starting from 2016–2022, and that's why I said the price of Bitcoin is even more likely to drop; it's just my speculation, but I could be wrong too.

[JoyMarsha]

November, in my opinion, will go down in history as the month when bitcoin broke over several price barriers that were unbreakable for an extended period this year. November has at least already exceeded the $35k price tag. I'm hoping that November will hit $40k before the end of the month.

Nevertheless, given the surge in Bitcoin prices, this will be an excellent month for individuals wishing to use a DCA plan.

[DeathAngel]

I’m currently unsure on which direction the price could take in November. I feel like we are still tied to the macro environment & legacy financial markets. What, if anything will the FED do next. We still move based on what Powell says or ironically, doesn’t say. Providing nothing drastic transpires in November then potentially we can expect non violent upwards movement. Let’s hope to see a repeat of October, that was enjoyable.

[pixie85]

IMO it's a bull market.

The bear market was elongated by US FED tightening policy. Now they're running out of options, even the FED chair said they won't be tightening in 2024, so that's out of the picture.

We're making higher lows every month. This is a clear bullish signal.

Even if we dropped down to 26 000 from here it would still be a higher low.

There are people who say the price could go down at ETF news but in the long run it's still going to go up because ETF = more buyers.