BTC Sentiment Poll for November

[Hamza2424]

Hmm, OP I think the Poll options are insufficient anyway, we can express our answer here in the reply post as well, TBH this is a Bull_Run journey, not a trap but the option that I was looking for is November may have some correction levels. The option missing is a Full Swing to ATH after a small correction.

According to the current market sentiments, the market is flowing in a good direction and as far as it's concerned with the first week's performance, I'm quite happy because Bitcoin maintained its Support level and it would be great if the coming week also performs well. A breakout of 35k will boost the market emotion to more Bullish and we may be able to see till the end of Nov market touching 42k.

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[Wiwo]

Hmm, OP I think the Poll options are insufficient anyway, we can express our answer here in the reply post as well, TBH this is a Bull_Run journey, not a trap but the option that I was looking for is November may have some correction levels. The option missing is a Full Swing to ATH after a small correction.

According to the current market sentiments, the market is flowing in a good direction and as far as it's concerned with the first week's performance, I'm quite happy because Bitcoin maintained its Support level and it would be great if the coming week also performs well. A breakout of 35k will boost the market emotion to more Bullish and we may be able to see till the end of Nov market touching 42k.

I wanted to point out the part that is missing in the posts,  but I have searched for a while without being able to point that out and seeing that you mentioned the insufficiency of the post it got my attention and I kind of wonder if you can do well by pointing what and what aspect that is missing from this posts and how best we as members can contribute effectively to this discussions.

[AmoreJaz]

Before I voted in the poll, I assumed that the majority of people would say "bull trap." What happened was that many people thought the market was in a bull market. Perhaps there is an error in the poll question; it would be better to state whether the resistance or supply above will be broken or if it is just a bull trap?. Because, in my opinion, we are in the bull market analytically. Since the price action has been sideways, there is a good chance that it will return to the unfilled gaps below before breaking through 35k.

A sideways market is usually considered a negative one as there isn't any movement in the market so there is no way traders can benefit from it. This can be a bull trap because we still have a few months left before halving and historically speaking market made one last major correction before the bull rally At least this is what many experts think. This rally is to give investors confidence that the bad time is finally over so that they can open long positions by expecting a rally.

well, it seems that it is not a bull trap. maybe, it is just the right time to go beyond 30k level because for like more than a year, we haven't seen such price range. and it is only a matter of time before we see btc price soaring again. the adoption is getting stronger, and maybe if ftx did not collapse, and other big news, we are already more than 40k this time.

[bbc.reporter]

I voted for "I don't know" for lack of a more accurate choice that represents what I think. I think the price will tend to go slightly up in the month, but I don't think it will be exaggerated and I doubt if we will have a small dip in December. After so much time of bear market it is normal that people feel bullish at the slightest joy but if we see what happened in previous cycles the pre-halving months there is a rise, followed by a small fall to enter the bull run proper after the halving. History does not have to repeat itself but it is better to keep it in mind.

That is a unsurprising reaction there considering that for many, it is still in the stage of disbelief. However, on what price should bitcoin pump before you consider this market to in a bull market? You will wait for another all time high to be sure?

In any case, it appears that there will be more pumps coming to the market hehe. Tether has printed more USDT for almost $1 billion of inflows.



TETHER PRINTER
Just printed $997,989,246 USDT!

Source https://twitter.com/usdcoinprinter/status/1720595482001486316

[Sophokles]

Before I voted in the poll, I assumed that the majority of people would say "bull trap." What happened was that many people thought the market was in a bull market. Perhaps there is an error in the poll question; it would be better to state whether the resistance or supply above will be broken or if it is just a bull trap?. Because, in my opinion, we are in the bull market analytically. Since the price action has been sideways, there is a good chance that it will return to the unfilled gaps below before breaking through 35k.

A sideways market is usually considered a negative one as there isn't any movement in the market so there is no way traders can benefit from it. This can be a bull trap because we still have a few months left before halving and historically speaking market made one last major correction before the bull rally At least this is what many experts think. This rally is to give investors confidence that the bad time is finally over so that they can open long positions by expecting a rally.

well, it seems that it is not a bull trap. maybe, it is just the right time to go beyond 30k level because for like more than a year, we haven't seen such price range. and it is only a matter of time before we see btc price soaring again. the adoption is getting stronger, and maybe if ftx did not collapse, and other big news, we are already more than 40k this time.

This is the reason I think this is a bull trap. There aren't any big news events for the bitcoin market or anything positive that can initiate a rally like this. Still bitcoin market is climbing up, and even the altcoin market is also rallying up. This rally looks unnatural and was created to trap people in a price range. You are talking about how adoption is getting stronger but why am I not seeing it? FTX collapse is actually a good thing for the market actually because just think how the market would react if FTX became as big as binance and after that their fraudulent activity revealed itself.The whole altcoin industry would collapse and the bitcoin market would have suffered massive damage as well. 

It is more important to have a healthy market than to push the btc to 40k. The bitcoin market already has negative images throughout society for being too manipulative. Incedients like FTX and Luna provide more fuel to some people who always try to promote the bitcoin industry as a scam.

[348Judah]

November will continue with what October has laid down for the market to continue to rise, it's a monthly that is going to retain the $35,000 and maintain the resistance against it dip, just as we have closely seen in the previous days hiw the market is navigating towards the corridors of 34,000 and 35,000 this month will maintain this bullish trend and likely pump more before the end of the month, which gives more indications that we are to experience more of market pump althrough the year.

[GreatArkansas]

November will continue with what October has laid down for the market to continue to rise, it's a monthly that is going to retain the $35,000 and maintain the resistance against it dip, just as we have closely seen in the previous days hiw the market is navigating towards the corridors of 34,000 and 35,000 this month will maintain this bullish trend and likely pump more before the end of the month, which gives more indications that we are to experience more of market pump althrough the year.

I have been really bullish on Bitcoin for the last quarter of the year 2023, this is my prediction. I'm just glad I was able to do some DCA during the last few months and all worth it.
For me, this will continue until December this year. Above $30,000 for me is already bullish until next year. Because block halving is fast approaching, I'm really expecting a new all-time high before Bitcoin block halving.

[btc_angela]

November will continue with what October has laid down for the market to continue to rise, it's a monthly that is going to retain the $35,000 and maintain the resistance against it dip, just as we have closely seen in the previous days hiw the market is navigating towards the corridors of 34,000 and 35,000 this month will maintain this bullish trend and likely pump more before the end of the month, which gives more indications that we are to experience more of market pump althrough the year.

I have been really bullish on Bitcoin for the last quarter of the year 2023, this is my prediction. I'm just glad I was able to do some DCA during the last few months and all worth it.
For me, this will continue until December this year. Above $30,000 for me is already bullish until next year. Because block halving is fast approaching, I'm really expecting a new all-time high before Bitcoin block halving.

Good for you, others might have been waiting though for the price to go down hard again just like last year when we reach lowest low of $15,500. But I doubt that we will reach that again, so for those who are still continuing to buy and accumulate and see the long term effect of doing this, kudos to you.

And specially that we are very fast approaching the halving again, as we all know that this is the catalyst for another bull run. So we must at all expense, just go and buy and save and then HODL for the next years to come, as we all have been waiting to see the price going to hit 6 digits as our new all time high.

[tokeweed]

Hmm, OP I think the Poll options are insufficient anyway, we can express our answer here in the reply post as well, TBH this is a Bull_Run journey, not a trap but the option that I was looking for is November may have some correction levels. The option missing is a Full Swing to ATH after a small correction.

According to the current market sentiments, the market is flowing in a good direction and as far as it's concerned with the first week's performance, I'm quite happy because Bitcoin maintained its Support level and it would be great if the coming week also performs well. A breakout of 35k will boost the market emotion to more Bullish and we may be able to see till the end of Nov market touching 42k.

The thing is the polls I make are more for what your market sentiments are, not really for exactly what you think might happen.  It's not for prediction purposes, it's more about how you feel when you made your vote.  And right now, it looks like you're with the 'it's a bull market' group and that's all we need to know.

Anyway, I haven't seen a lot of people vote for bullishness at just the first couple of days before.    It must be a bull market.  Lol.

[karabiber]

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.

Bitcoin had a good October and closed the month of October, which started at around $27k with significant rises. The most important factor that brought Bitcoin's rise was the markets' belief that the spot ETF approval would now come. Based on previous years, I can say that Bitcoin's November performance is generally bullish.

When I look at Bitcoin's November performance every year, I see that although there are occasional declines, this level of decline does not come close to the bullish rates. However, the November performance of the last two years was quite bad and the FTX decline in November last year deeply affected the markets. In November this year, the news of the expected ETF approval has a positive impact on the markets. According to fundamental analysis, I think that the positive atmosphere in the market will positively affect Btc's performance in November and Btc will rise above $40k.

[Sophokles]

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.

Bitcoin had a good October and closed the month of October, which started at around $27k with significant rises. The most important factor that brought Bitcoin's rise was the markets' belief that the spot ETF approval would now come. Based on previous years, I can say that Bitcoin's November performance is generally bullish.

When I look at Bitcoin's November performance every year, I see that although there are occasional declines, this level of decline does not come close to the bullish rates. However, the November performance of the last two years was quite bad and the FTX decline in November last year deeply affected the markets. In November this year, the news of the expected ETF approval has a positive impact on the markets. According to fundamental analysis, I think that the positive atmosphere in the market will positively affect Btc's performance in November and Btc will rise above $40k.

Historical data shows bitcoin made one last major correction before its halving. If you look at the chart of 2012, 2016 and 2020 halving events then you will see that the price of bitcoin rose significantly at the end of the previous year of bitcoin halving and from there it made a big correction. This happened in the previous three cycles, and there is no point in ignoring the fact that it won't happen this time. Historical data proves to be the most valuable one for the bitcoin market and i am taking it into consideration this time too though i think it can not guarantee that it will be 100% accurate because we can only predict the future but can not give assurance for it.

[panganib999]

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.

It's a scary notion but I do believe the same thing too, that this is not a bull trap. If you observe the last week of October, there's not a lot of big moves in the market so I share the sentiment and with the current hearing on the decision regarding bitcoin ETF still on the limbo, I think it adds another layer of assurance that bitcoin's going to be experiencing more green candles and as you've stated, it's nearing the halving and the coming holidays so it's always a guarantee that the prices are going to be either moving up or stabilizing but not going to go down significantly. I say that we should continue buying bitcoin and save up for when the halving comes, we will never be regretting that we half-assed our bitcoin investment.

[Hamza2424]

I wanted to point out the part that is missing in the posts,  but I have searched for a while without being able to point that out and seeing that you mentioned the insufficiency of the post it got my attention and I kind of wonder if you can do well by pointing what and what aspect that is missing from this posts and how best we as members can contribute effectively to this discussions.

Haha, Senior I've found you taking an interest in increasing the quality of discussion here, well What I wanted to say was when it comes to poll-typed threads there should be a variety of options at least the required one should be considered. It will greatly help people cover every range of view/perspective.

October was a great month and historically it's not surprising at all, OP posted a poll-type discussion thread with only one side covering voting option, as OP provided an option ¹ market is bullish, ² It's fake/trap and ³ IDK, this is not a proper execution of voting if historically we analyze November is considered as correction month most of the times.

So correction option was missing but some of the folks may question trap was there so who wanted to say correction they should have chosen the trap, trap can't be compared with correction I'm sure most of us are well aware of it. So what I was saying is that there should be another option of A small correction but Bullish on Long-Rrun. By just adding this option I'm sure 50% or at least near to this votes could have been on this option and people may have been discussing this point as well with what they think on it.

Using this approach we can really provide a wider range to cover while speculating the market in November, that's it.

[Wind_FURY]

Pardon me sers if I vote that there's high probability that it's a bull trap. I'm long term bullish, but short term, "beware". Let me explain.

In the U.S., which is the largest consuming countries innthe world, their M2 Money Supply is contracting to its deepest levels EVER. A recession will absolutely follow, and it's not might not only be in the U.S., it might start a contagion of economic failures across the world in my opinion.



Does anyone truly believe that Bitcoin will continue to surge if most of the world is in a recession? Zoomed out to the maximum, YES it goes up, but for 2023 and firsr half of 2024? - Save some dry powder for buying the DIP.

[Bitcoin_people]

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.

As we have seen in 2022 the Bitcoin market was down. But 2023 has seen a lot of changes in the Bitcoin market which we saw in October with Bitcoin pumping a lot. Bitcoin had a bullish season for the month of October, and I think since it is now November, Bitcoin may be in a better position this month as well. At the moment the Bitcoin market has crossed $35000, the Bitcoin market upside in November looks like it is likely to go higher. And since our halving is looming in 2024, that's probably why the Bitcoin market is going up. I think there is a possibility of going higher by the end of 2023 if the Bitcoin market touches $40k by then, then there will be more growth in the bull market. and if we stay within $40k before the halving then when the bull market comes later the market will definitely be more hyped.

[bitterguy28]

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.

It's a scary notion but I do believe the same thing too, that this is not a bull trap. If you observe the last week of October, there's not a lot of big moves in the market so I share the sentiment and with the current hearing on the decision regarding bitcoin ETF still on the limbo, I think it adds another layer of assurance that bitcoin's going to be experiencing more green candles and as you've stated, it's nearing the halving and the coming holidays so it's always a guarantee that the prices are going to be either moving up or stabilizing but not going to go down significantly. I say that we should continue buying bitcoin and save up for when the halving comes, we will never be regretting that we half-assed our bitcoin investment.

for the  last whole week , the price continue to Hold at 30k above and today for the first time this year bitcoin broke 36 thousand dollars , with 400 on the side , so if there is a continued increase it wont take a day to have 37k$ again and that may sounds a good market we have now till December .
and having no Bulltrap casting maybe it is normal to expect us at 40k$ in the next coming weeks.
If december act better lets hope 45k will be our highest value for bitcoin this year .

[AprilioMP]

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 voted on the pool option above with the I don't know option because what I know is that Bitcoin is preparing to move towards $40,000. Another reason I gave a poll I don't know, because I am a person who really enjoys whatever situation happens to Bitcoin. For me Bitcoin is not just about price but there is another side that I can feel but cannot put into words.

The price chart shows how the spirit is moving upwards after a long period of being below.
What was previously expected may now be felt because Bitcoin enthusiasts have long had doubts about when Bitcoin will reach the $35,000 level and last a little longer than before.
I'm more than ready now to wait for the $40,000 level.

[kotajikikox]

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 voted on the pool option above with the I don't know option because what I know is that Bitcoin is preparing to move towards $40,000. Another reason I gave a poll I don't know, because I am a person who really enjoys whatever situation happens to Bitcoin. For me Bitcoin is not just about price but there is another side that I can feel but cannot put into words.

Maybe this is enough to call Bull time , look how much it climbed over a week after October? now at 36k$ and simply shows that bitcoin may claim 40k any time soon , or at least before the November dies?

The price chart shows how the spirit is moving upwards after a long period of being below.
What was previously expected may now be felt because Bitcoin enthusiasts have long had doubts about when Bitcoin will reach the $35,000 level and last a little longer than before.
I'm more than ready now to wait for the $40,000 level.

The chart also shows how green is covering this whole week , and its always great to see times like this than the months in which we are fighting to beat the reds.

[DapanasFruit]

I am not good at predicting anything most especially in foreseeing the possible ups and downs for Bitcoin. Now, having said that, my own sentiment is that we are now entering the early phase of the bull run market though there is still that possibility that by December there can be a minor pullback of the price. In this month, there can be a continuing upward pressure maybe even reaching $40K as more and more people as well as big financial firms are hoarding Bitcoin for the coming approval of the ETF and the halving in 2024. Of course, I can be wrong so we should take anything with some raised eyebrows.

[Dave1]

I am not good at predicting anything most especially in foreseeing the possible ups and downs for Bitcoin. Now, having said that, my own sentiment is that we are now entering the early phase of the bull run market though there is still that possibility that by December there can be a minor pullback of the price. In this month, there can be a continuing upward pressure maybe even reaching $40K as more and more people as well as big financial firms are hoarding Bitcoin for the coming approval of the ETF and the halving in 2024. Of course, I can be wrong so we should take anything with some raised eyebrows.

$40k should be the resistance right now, currently we have a huge spike again in the last 24 hours, +4.x% and now we are trying to break $37k. So it's good that we have another bullish month.

So the only thing we can do right now is to have a lot of patience.

The target for this month or at least at the end of the year is $40k-$50k and it looks like that trajectory is achievable.