BTC Sentiment Poll for December

[btc_angela]

Without looking at the poll I am guessing that everybody is bullish.

I did look at it after voting and I see that there is indeed an overwhelming bullish majority. In my case I do not think there will be a big price rise this December, unless we have some news of Spot ETF approval or something like that, but seeing the trend we are coming from, the increasing proximity of halving, I hope we will end December at least slightly above the current price.

Yeah, most likely we are still going to be bullish this December, but if you look at the past 2 years, December seems to be very bad or at least we didn't gain at the end of the year. But who knows, maybe this time it will be very different, just like November who is also wort month it turns out to be very good to us.

With that, and with the news around the Bitcoin Spot ETF still very hot, I think we will be bullish. The price target is over $40k and if we look at the current price, we are almost at $39k again. So in the following weeks we might reach that round number.

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[kotajikikox]

12 -1 votes , majority for bullish means the sentiment of the community is positive for the next coming weeks and I know what to expect before it ends ,
40 thousand dollars and above , some says it can hit even 48 , but for me if this can break that then it can cross to 50k before January (wild guess lol)

Wondering what would be the Poll for January till April ?since there is the heart of everyone needed.

[Oasisman]

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... 

Correction is necessary. However, judging on the price movement from the last couple of weeks, it looks like it's on a gradual upward momentum now that doesn't even look like it's gonna go down anytime this month. We all know bitcoin is approaching to the next halving and everyone are so bullish about it. I've seen several predictions from 2 of the mainstream social media platform, they are expecting $40-$50k by the end of this year which a most people have agreed. Despite all these bullish predictions, there are still some people who are skeptical about the current price being a little higher as they are looking for bitcoin to pull down a bit around $30k.
I'm even beginning to think that the month of December is the start of massive accumulation as a preparation for the halving.

[EarnOnVictor]

Up up it goes babyyy!

Bitcoin bull run has started and I first hinted about this in October, there is no controversy about this any more unless the person wants to miss out. If anyone has not bought Bitcoin yet and still wants to partake in it, this is still the right time as the coin will not make any significant bearish movements until 2025. For this reason, the DCA approach could still save a lot from missing out as all analyses, views and sentiments are all pointing to the buying of the coin.

Precisely, on the monthly chart, you can see what the candlestick pattern and the general price action are playing out there, this is not a hidden pattern at all. It was still hidden with the formation of the candlestick from the later months of last year to August this year, but the moment the bullish price action was reactivated in October, the long-term bullish trend was confirmed and this would last for at least over a year. This may however continue to happen amidst minimal bearish corrections, above all, the bullish path is obvious and will continue to get stronger.

[Nrcewker]

Yesterday I got a notification from Blockchain app that Bitcoins reached new ATH price for the year, and I saw it’s almost to 39k usd. So yes starting of the month is really excellent. As we have seen previously, in the month of December, Bitcoins like to maintain a green pace, so I am assuming the price will go up more here in this month. Bitcoins will touch at least 45k usd by the end of this month. If it happens then definitely 2024 will be really big for the coins.

[tokeweed]

Source : https://twitter.com/StockmoneyL/status/1730538736000082019?t=xm1lGsQHFNobli-Vhht1FQ&s=19

Looking at those charts, it would be funny if we see BTC trend up to a new ATH this early.  It would be something like seeing a new all time high during December, 2015 or December, 2019.  I mean I wouldn't mind tho.  Lol.

I'd say things have not changed much compared to previous months. The world is still struggling with armed conflict, high energy prices and shortage, inflation and recession. The effects of all that on the economy also affects bitcoin in a negative way preventing its rise despite the tremendous amount of potential it has for rise.

As if we didn't have enough wars, another battle started in South American. Another region where US is destabilizing! It also happens to be a very oil rich region called Venezuela.

But BTC has been trending up.  Are we seeing crypto decoupling itself from the more regular, traditional markets?  And if so, how long could it stay in this state?

[Husires]

This month will be the month to give a general impression regarding whether Bitcoin ETF applicants will be approved or not. If the price rises, it may give an indication that something positive may happen and vice versa.
If this happens, we will easily be able to Break this psychological level, so the next target is $43,100 to $48,500.

If this does not happen, we may try the $34,000 support level several times before the price is above $43,000 during the next three months.

[pooya87]

But BTC has been trending up.  Are we seeing crypto decoupling itself from the more regular, traditional markets?  And if so, how long could it stay in this state?

Bitcoin has never been coupled with traditional markets to decouple now. What affects bitcoin is the economy on a larger scale. For example when recession hits the global economy (like during COVID or in the past 2 years with the wars), people tend to liquidate their assets which means selling bitcoin and stocks and gold and ... so they all come down together but that doesn't mean there is any correlation between these markets. In other words people didn't panic sell their bitcoin because the stock market crashed for example. We have seen time and time again that when traditional markets tank, bitcoin doesn't care and it rises.

What I'm pointing out in my post is the economy in general is not looking good specially with energy market being too volatile and unpredictable. We have the conflicts in oil rich regions then on top of that the OPEC producers keep cutting production (they agreed to cut production by another huge amount, 2.2 mil bpd in January).

This create a chain of events. Higher energy price and shortage leads to higher inflation which the governments desperately try to lower by increasing interest rates which then creates recession (or worsens the ongoing recession) and at the same time high interests suck the money out of other markets into the government bonds (government pockets) because they become profitable.
That could potentially put a sell pressure on bitcoin and at the very best slow down the inevitable rise.

The only way I can see a big rally this month or next year is either if energy price comes down (to something like $30) or with high energy prices if FED stops trying to manipulate the market by increasing interest rates and let the inflation rise, in which case bitcoin would shoot to the moon in no time. Just like 2017.

[ivankoh]

Now, I think it looks like the November candlestick will stop at $37k, the market is looking for direction and a correction in a range consistent with MicroStrategy's additional bitcoin buying. There is certainly a temporary waiting period before the correction consolidates and we see how bitcoin moves. No need to rush, take this time for patience. There is a possibility of a big wick starting in December but I am a bit skeptical. I guess if optimism continues to be supported by the market with the trend of maintaining accumulation. We should see the low of $38k hold before ending the year at $45k

Yeah, This is my take on the November poll, and I maintain my view for the December trend. Continued positive reaction from bitcoin and with current strength, I don't think there is any What's stopping bitcoin may stop being “ bullish” for 45-50k by the end of the year. Some of my friends are hesitant and suspect this is a "fake" sign, but I oppose them in the way I am arguing.

[Zanab247]

Without looking at the poll I am guessing that everybody is bullish. We already broke the yearly high today and looks like we might touch $40K sooner than later.

I don’t think we will get any etf approvals in December. It’s also a short month with the holidays, once 24th hits it will be choppy until Jan6th or so. So basically only 3 weeks of trading. Most likely a slow grind up.

Bull run is very close to those that made it to purchased coins when their price was low in the market and, started hodling for bear season to leave the market before they can sell to make a good profits that will give them another opportunity to buy again when the price is low in the future. But there are some signs in the market that made many hodlers to believe that $40k will surely occur in the market before the end of the last month of 2023 and, it will make some hodlers to rejoice for the profit they are going to make from it.

Since today is second of december, I guess some thing good will surely happen to the market that will push the price of BTC to increase higher during the holidays 24th till 31st of december for people to use the opportunity to make money to buy food items and other things that will make the family not to experience the hardship that is affecting the world economy.

[JoyMarsha]

I believe that the price of bitcoin will at least hit $40k in December. It is unlikely that any price higher than that will occur in the last weeks of the year. For now, at least, the cost of a bitcoin is more than $38k. In the remaining weeks of the year, there's a chance that the price of bitcoin may fluctuate, ideally between $38k-$40k

Since the price of bitcoin didn't correct this year and there are still a few weeks left in the year, I think the correction of bitcoin price will happen next year not this year again

[KingsDen]

I believe that the price of bitcoin will at least hit $40k in December. It is unlikely that any price higher than that will occur in the last weeks of the year. For now, at least, the cost of a bitcoin is more than $38k. In the remaining weeks of the year, there's a chance that the price of bitcoin may fluctuate, ideally between $38k-$40k

Since the price of bitcoin didn't correct this year and there are still a few weeks left in the year, I think the correction of bitcoin price will happen next year not this year again

I decided on my own to make a history by watching the bitcoin price hit $40k. For over 4 hrs I have been watching the price to bit $40k but to no avail. Now my eyes are weak, I want to sleep. Maybe the price will be at $40k+ when I will wake. It is not that I have a running trade, but I just wanted the price to hit $40k while I watch the screen.

Bitcoin is just a golden opportunity to be wealthy and I think I have missed this opportunity for a while. Although not so long because the only bull run I have witnessed is 2021 and I didn't enjoy it because I was a newbie without experience. I still remember that I had alot of spear money I wasn't using this year when bitcoin was at the range of $15k, look at bitcoin going to $40k now. This is a golden opportunity to be rich.

[TimeTeller]

Now, I think it looks like the November candlestick will stop at $37k, the market is looking for direction and a correction in a range consistent with MicroStrategy's additional bitcoin buying. There is certainly a temporary waiting period before the correction consolidates and we see how bitcoin moves. No need to rush, take this time for patience. There is a possibility of a big wick starting in December but I am a bit skeptical. I guess if optimism continues to be supported by the market with the trend of maintaining accumulation. We should see the low of $38k hold before ending the year at $45k

Yeah, This is my take on the November poll, and I maintain my view for the December trend. Continued positive reaction from bitcoin and with current strength, I don't think there is any What's stopping bitcoin may stop being “ bullish” for 45-50k by the end of the year. Some of my friends are hesitant and suspect this is a "fake" sign, but I oppose them in the way I am arguing.

The good thing about this market is we only need to convince ourselves in order to invest into this market.
Whatever other people are saying about this market will just be on the sideline.
It is up to you how you will take advantage of this market and possibly earn profits when the right time to sell comes your way.
So if you truly believe that sooner or later, there will be a rally with btc price, better collect more while you can.

[michellee]

If market conditions remain like this, $42k-$45k is not impossible to reach and Bitcoin will end the year with a decent increase. But if not, maybe we won't get close to $45k at all. This is becoming increasingly interesting because the movement is getting better than it was a few months ago.

$40k may be breached in the next few days. Don't forget to continue accumulating if you still want to have more Bitcoin. Now is still a good time to buy Bitcoin, where the price is still in this price range.

We are lucky that Bitcoin did not experience too deep a correction so that it could increase to its current figure. But we still have to remain patient.

I vote for "Yup, another positive trend for the month."

[Sophokles]

The last two months have been positive and bitcoin's heading towards 40k gives me the impression that this last month will remain bullish as well. The historical chart also shows this same pattern. The last 3 months of the previous year of halving stayed positive and in the year of halving we saw a correction within Q1 of that year. Till now everything has been going like that so i do believe this will be the same this time. Even if this happens the long term goal and potential won't change. Bitcoin will still be doing well in the long term and the primary target for achieving $100,000 can be hit post-halving.

[STT]

everybody is bullish.

Words the forum should always red highlight, maybe flashing ASCII codes are in order     Yea to say we got to pullback is a cliché at this point but its also true, I just hope things stay sensible because I want the bigger longer term gains not the scary spiky stuff that does not stick because its pure froth.

We're approaching a 2 year anniversary of this price range, not quite 24 months but its nearly that long and we might need to take a similar time to move through the area.

So I imagine we do hit those rough tops or ranged prices we did that while ago, repeat revise and eventually surpass.   See the last bar to 2022 price action is a giant red bar downwards, thats what we expect to see when accelerating through support or resistance and now upwards I'd expect some giant green bar to pass this potential ceiling.   Its all potential but I think thats a reasonable outlook.

Prior range that contained in some similar way

[Ben Barubal]

  This coming December, there will be an even greater uptrend in the market since we are obviously still in a bullish trend in reality. This month of November ended without much movement in the price movement of Bitcoin; it almost only played between 35k and 38k of Bitcoin in the market.

  But this December, I can really see in the first week of this that it is possible to immediately play 40k-43k this week, and from what I see, it is quite good to go along before there is a correction or liquidation in my analysis.

[bluebit25]

I'm not sure if Dec will be as volatile, but what we are seeing is the bitcoin price rising and getting closer to $40,000. My personal opinion is that the upcoming ETF event is still making bitcoin attractive, and from now until the results are clear, we will continue to see bitcoin conquer new price levels in 2023.
Anyway, the journey of 2023 is about to end, and we are about to enter new stages when there is increasingly greater interest in the crypto market. If we look at the chart, we can absolutely expect bitcoin to trade in the range of $40000 - $45000, but at this time the excitement in the market has been pushed quite high, and there have also been doubts about the Correction will happen soon.

[KingsDen]

  This coming December, there will be an even greater uptrend in the market since we are obviously still in a bullish trend in reality. This month of November ended without much movement in the price movement of Bitcoin; it almost only played between 35k and 38k of Bitcoin in the market.

  But this December, I can really see in the first week of this that it is possible to immediately play 40k-43k this week, and from what I see, it is quite good to go along before there is a correction or liquidation in my analysis.

Do not forget that in the history of December, it has never being a sweet green month all through. I can say that the bullish trend we are witnessing in the first days of December, is the overdue bullish trend that was supposed to occur in November but was postponed because of some undesirable news as CZ resignation as the CEO of Binance. That news was supposed to make a very much deeper impact in the market but it was overwhelmed by the bullish trend of November and it's effect was only felt with 48hrs.

So, this December is not and can never be a green month all through. I think history has it too that some persons are gonna sell their holdings for end year celebrations.

[alankasman]

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.

Yup. Another positive trend for this month.
$39.xxx is a locked in price so my pick on the pool is another positive trend will occur this month.
$40k is very close to breaking this week. Getting straight to the point, Bitcoin's December closing price was $43k. The correction will not be too deep. I mean, if there is a price correction in December, it won't go below $37k.