BTC Sentiment Poll for December

[Lucius]

@bbc.reporter, I have no idea who this person is that you mention in your posts, but I assume that he has some influence on the people who follow him on social networks. However, you should not give too much credit to anyone for correctly predicting something, because considering that we are not in a big bull run, it is quite realistic to expect that corrections will occur after every major pump and that those who understand the market can make a lot of money from it.

In addition, December is the month of the year when people usually spend the most, and there should be no doubt that many have already taken part of the profit, which in the case of Bitcoin amounted to more than 100% compared to the beginning of the year. This is why we see that the supply is greater than the demand, and we can assume that this trend will continue until the end of the year.

[jeraldskie11]

Since the price of BTC has previously met and respected the weekly supply, I believe it will no longer be able to exceed it. I anticipate the price will settle at that level before the downturn begins. So, if you are an investor, it is not a good idea to invest money at this time since the price is at its highest; instead, we should wait for the correction to occur and then invest when we see that the correction is over.
However, this is what I believe based on what I see in the market while the chances is not 100%.

[sana54210]

Since the price of BTC has previously met and respected the weekly supply, I believe it will no longer be able to exceed it. I anticipate the price will settle at that level before the downturn begins. So, if you are an investor, it is not a good idea to invest money at this time since the price is at its highest; instead, we should wait for the correction to occur and then invest when we see that the correction is over.
However, this is what I believe based on what I see in the market while the chances is not 100%.

Be able to is the wrong thing there, I would say it "may" not, but it is very able to exceed that price. We could very well be 50k by the end of the year, it wouldn't really be a shocker and we would definitely not have any trouble at all. This should not be all that much of a trouble, we need to end up realizing that it is going to be fine and it is going to end up with an easier solution in the end.

Obviously it is not that we are going to end up with an issue, we could always end up with a better result and we cold always end up with something that should be a bit of a trouble one way or another, and we need to end up with a result that would not be all that okay for a while or maybe it will be super high, it is not about being able to, it is about the fact that it may or may not happen when we want it to. This is why it is much smarter way of investing if you just focus on the long term and how it will go up on the long term and you should buy and hold, accumulate more.

[Unbunplease]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

[TravelMug]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

We had a minor dip already and it seems that we are recovering. And we all know that once the price goes on dip, it's the best time to jump in and continue to stack sats. We go to $41k, but in the next 24 hours, we have 3.85% increased already, a good sign. Not sure if going to $45k or higher will still be a sideways though. And if it is, then still more than 100% from last year? it's already a good profit for everyone. And so far this month alone, we are up by +13.37%. So again, not sure if you consider this as a sideway pattern, looks like very bullish to me. So regardless, next year is going to be very big and exciting, everyone is waiting for the block halving, the catalyst for our bull run cycle and then it will cap with a new all time high, regardless if there will be 30-40 percent correction as you have predicted.

[Hypnosis00]

We'd just thought that everything went well after surpassing $40k and been positive that it continue to rise but somehow, a drop is really inevitable and we have it now. As usual, the price of Bitcoin still moving like a roller coaster, up and down, and it is consistently the trend that we gonna see. However, this won't be enough to worry about as we all believe that this Christmas season helps the market to stay high, not the drop like what we have experienced in the past few months. And aside from that --halving is on the way which is also a big factor affecting the market trend (upward).

[bbc.reporter]

@bbc.reporter, I have no idea who this person is that you mention in your posts, but I assume that he has some influence on the people who follow him on social networks. However, you should not give too much credit to anyone for correctly predicting something, because considering that we are not in a big bull run, it is quite realistic to expect that corrections will occur after every major pump and that those who understand the market can make a lot of money from it.

In addition, December is the month of the year when people usually spend the most, and there should be no doubt that many have already taken part of the profit, which in the case of Bitcoin amounted to more than 100% compared to the beginning of the year. This is why we see that the supply is greater than the demand, and we can assume that this trend will continue until the end of the year.

Su Zhu ran one of the biggest hedgefunds in the cryptospace and it can be argued that he was also responsible for some of the big dumps that we have witnessed on 2022. He made undercollaterized loans from Barry Silbert and Sam Bankman Fried and used the funds to make overleveraged bets when the market has clearly begun to lose liquidity. If there was a mount Rushmore for the biggest gamblers in the cryptospace that lost everything for 2020-2022, his face would be included heehehe.

Also, I was not giving him credit. I was only making a joke. Su Zhu is very much similar to Jim Cramer. If he is bullish in social, the market dumps and when he is bearish, the market pumps.

[Sebas.tian]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

There is a sign that bullish season will definitely take place January 2024 for investors to experience another new price that will attract more investors to join Bitcoin investment which is the best investment that can increase your income in the community. The price of Bitcoin has increased back to $42,758 few hours ago show that it will not go down beyond $40,000 before the massive bullish will take over the market for the price to reach $80,000 next year to break some record and to make investors happy again. December has displayed good results more than the 11 months, and the green light is still displaying to make the price of Bitcoin to reach $50,000 before the end of December.

[irhact]

We'd just thought that everything went well after surpassing $40k and been positive that it continue to rise but somehow, a drop is really inevitable and we have it now. As usual, the price of Bitcoin still moving like a roller coaster, up and down, and it is consistently the trend that we gonna see. However, this won't be enough to worry about as we all believe that this Christmas season helps the market to stay high, not the drop like what we have experienced in the past few months. And aside from that --halving is on the way which is also a big factor affecting the market trend (upward).

The halving factor is what is affecting the market and making it to trend upwards in my opinion too. The sentiment for December should be bullish, after December we'll be in the year that the halving is going to happen therefore it's expected for many individual to be bullish this month. When the price retrace, it won't be long before it starts rising again. Accumulating is what every individually should be doing so we don't regret not buying when the price rise higher.

I don't think there will be a major corrections that'll make the price to start falling down as it was happening in other months. I haven't looked at the chart this month as I haven't traded this month but looking at the way Bitcoin is rising, I just think this will continue into they next year and the trend continues until we have reached the date for halving and after Bitcoin halves, more hyped will come into the market and that'll make the price of Bitcoin to rise more.

[Greyhats]

With a zoomed out view say to day/week I think we are already in a bull market. I don’t see any reason why we won’t continue increasing in price, the trend is there last number of weeks. Sure there might be some weeks in future it pulls back but generally zoomed out will increase over time.

If you adjust the last ATH and add inflation in usd$ it puts it at about $88k, we are halfway there. Another way to look at it with inflation in mind were close the price pre crash with Ftx. Feels like a recovery tbh.

Its going be hard to call what weeks and months will be uppity but there is going to be some surprises good and bad along the way. Are you prepared?

[AprilioMP]

I honestly don't know what to ask for the poll but I have a gut feeling some of you guys might be starting to think that a correction here is healthy which I agree with...  But who knows, it could go on with another leg up as BTC usually does when it has the momentum.

I guess the question in the poll asks exactly what kind of sentiment everybody is having rn after another green month.  Remember guys, there's no right or wrong answer.  Just go with your gut and choose based on how you feel.  The poll is all about the sentiment not the analysis.

I think even though it's late, I want to convey that Bitcoin is still in good condition when measured from a price perspective. Starting from November 30 until now December 14, the graph is still consistent at a level that is still in an increasing moment and there is still a possibility that a correction will occur.

From another point of view, Bitcoin is currently experiencing increasing interest from middle to lower economic groups. This group's desire to own arises from the hope that they will make big profits when Bitcoin reaches its highest price which is predicted to occur in 2024 or 2025.

Bitcoin enthusiasts from middle and upper economic circles are not decreasing, but they are increasingly ambitious to be able to own large amounts of Bitcoin as an investment asset and as a hedge against fiat currencies which will be ready to enter the new fiscal year. For this group, this will be an opportunity.

If you say there is no right and no wrong in every answer, that is my speculation about Bitcoin sentiment in December 2023.

[BABY SHOES]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

I see the month of December experiencing a significant increase, this will not be a long sideways, maybe at the end of this month it can reach a record price in the range of $45K to $50K.

The month of January is more awaited because of the ETF approval which will soon be an upward trend again but it is uncertain whether it will experience a correction or not but is it common with ETF news that the closer the price always jumps?

Spring bitcoin will be ATH? Is this the northern spring? From March to June, I am not too sure if spring will be ATH because in April it will be halving and after that it is unlikely to become ATH it takes a long process with time.

I think the end of 2024.

[jaberwock]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

There is a sign that bullish season will definitely take place January 2024 for investors to experience another new price that will attract more investors to join Bitcoin investment which is the best investment that can increase your income in the community. The price of Bitcoin has increased back to $42,758 few hours ago show that it will not go down beyond $40,000 before the massive bullish will take over the market for the price to reach $80,000 next year to break some record and to make investors happy again. December has displayed good results more than the 11 months, and the green light is still displaying to make the price of Bitcoin to reach $50,000 before the end of December.

It's mostly the time when people start saying "ok this is a new year, so everything starts fresh" and they start to approach it a little bit differently. I get that it is not going to be all that easy and we are going to end up with some push back from the sellers as well, the more you go up the more they will try to sell, they are making a profit and they want to take that profit and run with it, so there will be plenty of money being sold on the market.

However, with enough momentum we could break that and we could keep going higher, that should not be all that complicated and we could end up with something that would benefit everyone, it should be considered something that may end up with some good returns for all of us.

[bocyaj]

Since the price of BTC has previously met and respected the weekly supply, I believe it will no longer be able to exceed it. I anticipate the price will settle at that level before the downturn begins. So, if you are an investor, it is not a good idea to invest money at this time since the price is at its highest; instead, we should wait for the correction to occur and then invest when we see that the correction is over.
However, this is what I believe based on what I see in the market while the chances is not 100%.

The expected bitcoin price of 42k dollars was already reached and we had a chance of feel the 43k mark in the bitcoin price.Now the price of bitcoin was again moving towards the bull run,So we can able to meet the 43k-44k in a short while.This is the better time to hold your bitcoin at the bull run,because we don’t know how far the bull run will be survive.But the experienced trader can pick the end of the bull run by some of the techniques.

Every year we can able to feel the bull run and all time highs in the year end.Now the investors should wait and hold for the next bearish market,So the investors can able to buy the bitcoin at the low price compared to the current price of bitcoin.

[Captain Corporate]

Its nice to see it breaking out again, nearly at 43k levels right now, the fact that people got "scared" so easily when it went near 41k levels is funny, that's the definition of weak hands, we are talking about situation that doesn't really require any deals at all, we just need to end up realizing that as quickly as possible. I get that its not that easy, but we need to just accept it, otherwise we are going to keep on feeling scared and selling every time the price goes down, and we do not need that at all. I hope that we can reach a point where people do not doubt it anymore, 45k+ should be that but to be fair it should have been that the moment we got above 40k and yet people still feel scared anytime there is a tiny drop.

[TimeTeller]

Its nice to see it breaking out again, nearly at 43k levels right now, the fact that people got "scared" so easily when it went near 41k levels is funny, that's the definition of weak hands, we are talking about situation that doesn't really require any deals at all, we just need to end up realizing that as quickly as possible. I get that its not that easy, but we need to just accept it, otherwise we are going to keep on feeling scared and selling every time the price goes down, and we do not need that at all. I hope that we can reach a point where people do not doubt it anymore, 45k+ should be that but to be fair it should have been that the moment we got above 40k and yet people still feel scared anytime there is a tiny drop.

This is when you will be tested how much you believe in this market.
As we experience a roller coaster ride in terms of the price, and so our emotions.
If you truly believe about btc's potential, you won't easily panic about what's going on.
But it is still advisable to keep up with the market so you won't get behind of the happenings.

[Baofeng]

We're likely in for a sideways December. But in January 2024, the upward movement - following likely ETF approval - will continue, and there's a good chance we'll see a new bitcoin ATH in the spring, followed by a big 30-40 percent correction in the summer of 2024.

I see the month of December experiencing a significant increase, this will not be a long sideways, maybe at the end of this month it can reach a record price in the range of $45K to $50K.

This is also what I see, or at least those are my predictions, (I might be wrong though), bitcoin hitting $50k at the end of the year. And say that we are now entering the bullish market.

The month of January is more awaited because of the ETF approval which will soon be an upward trend again but it is uncertain whether it will experience a correction or not but is it common with ETF news that the closer the price always jumps?

This is going to be huge for next year, if we will get at least one approval in January then we might see the price going on a massive increased.

Spring bitcoin will be ATH? Is this the northern spring? From March to June, I am not too sure if spring will be ATH because in April it will be halving and after that it is unlikely to become ATH it takes a long process with time.

I think the end of 2024.

If we are talking about all time high, I'm seeing 2025. We will go in a 2024 bull run right after the halving and maybe reaching more than the previous high of $69k. But it's going to continue on the next year based on it's history and the new all time high will be around Nov-Dec 2025.

[pooya87]

Ever since Monday we've been witnessing what I like to call "bear desperation". This is what we saw during the 2017 bull run often too. Each time there was a recovery after a drop, the bears refused to accept the trend reversal and started trying to dump to push the price down and keep the bear trend alive. We've been having about 5 days of it now.
Although it doesn't seem they can win but we have to wait and see how much longer they can postpone reaching $50k...

[Dave1]

Ever since Monday we've been witnessing what I like to call "bear desperation". This is what we saw during the 2017 bull run often too. Each time there was a recovery after a drop, the bears refused to accept the trend reversal and started trying to dump to push the price down and keep the bear trend alive. We've been having about 5 days of it now.
Although it doesn't seem they can win but we have to wait and see how much longer they can postpone reaching $50k...

True, I really don't know what's that kind of mentality of the bears though, I mean they keep on fighting a losing game here. Yeah, they could have succeeded to almost break it down to <$40k, but look at where the price is now, so it's a futile act and it could be what you call desperation.

They can't stop it anymore, the herds have left already and keeps on running despite obstacles that bears are putting along the way.

The bears are just postponing the inevitable goal for this year and that is at least $50k and more than 120% growth since the last lowest low for this bear cycle at $15,500.

[rodskee]

With a zoomed out view say to day/week I think we are already in a bull market. I don’t see any reason why we won’t continue increasing in price, the trend is there last number of weeks. Sure there might be some weeks in future it pulls back but generally zoomed out will increase over time.

but it is still holding us to get into at least 45k  and bull seems to be late coming though i  trust the market it will come that way also.

If you adjust the last ATH and add inflation in usd$ it puts it at about $88k, we are halfway there. Another way to look at it with inflation in mind were close the price pre crash with Ftx. Feels like a recovery tbh.

I didn't see that , 88k$ ? that's good to hear .

Its going be hard to call what weeks and months will be uppity but there is going to be some surprises good and bad along the way. Are you prepared?

I am prepared for sideways but I also want to see 50k first before dropping in January lol.