BTC Sentiment Poll for December

[EarnOnVictor]

~snip~
 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.

Not only you and me, most people have this thought and are very wary of what's happening in the market. But one thing I see is that bitcoin has increased in price and continues to increase in our doubts. Will bitcoin not correction, and continue to conquer higher prices in the face of skepticism from all of us? This scenario is entirely possible because bitcoin always tends to go against the crowd's thinking. While people wait for the correction to accumulate more bitcoin, bitcoin will not decrease but continue to increase, making everyone regretful. I wouldn't rule out this scenario.

I share in your view and I can't guarantee a lack of regret for those who didn't participate in the buying of Bitcoin when the price was much lower. They were thinking the coin would not go farther much and that they could get to make their stake in it over time especially when it could retrace back lower. But the reality is what we see now, this is not about speculation anymore but a fact, Bitcoin has surpassed many imaginations this week and I do not know what is going on to the point that sentiments could push it thus far. Even AI predicted the target of $45,000 since last month and with what we are seeing now, it seems that the coin will hit the level even this week. It's all bullish for Bitcoin and anyone can still join no matter what. The correction might come but I will not put my mind in it. But those who are expecting the correction might be sure that they use their 1D and 1W charts for the two. If the two charts could agree on a viable bearish pattern, then the correction might be possible at that time. If not, I encourage everyone to make their bullish bets when they can and while the bullish bias lasts.

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[danadc]

In all gold as well as in many others it is seen that the price of bitcoin can rise and even more so by December, investors do not want to sell their bitcoin because they Know they can make a difference , what I think is Something very fanciful, and For me this year it can break the $60k mark and that being very optimistic, but it can happen, but to be conservative I think that the price will reach $50k, there is no doubt about that because I have seen how it is growing in a way controlled, it has a sustained momentum, it is not like those rallies that go up all at once and in 1 day or less then it goes down and has a very low price, that is what I can see and Buy with other times when bitcoin goes up too.

To establish a good prediction scheme it is necessary that in the world there are not so many Problems of wars, of things like in the Gaza Strip and Israel , that means that the Price of bitcoin does not rise as it should.

[bbc.reporter]

On my contrarian argument that we might witness a correction and dump under $40. This image is being shared in social media. This is Su Zhu, who is also known to say buy when he is selling and say sell when he is buying. He also likes to use his friends as exit liquidity hehehehe.

[YUriy1991]

No matter what the price of bitcoin would be by the end of this year, one thing is for sure bitcoin touched 39K for the very first time this year in the month of December, so we can say that December was the peak month for the bitcoin price. It may retrace a bit not because of any bad fundamentals but due to the holiday season and year end.

It seems like we have been pumping for the last three months and the reason could be the Bitcoin halving coming up or it can be the Bitcoin ETP spot probable approval news being spread in the market. Whatever the case, 2024 & 2025 will be the bullish years before we see the next bear market.

It is true that BTC will continue to rise with Halving duration in 134 days and global assets worth $900T and Spot ETFs with AUM $17T in 36 days. The question is whether the presence of the Bitcoin Spot ETF will not have an impact on market balance due to heavy inflows in a short period of time because fast and unexpected changes always come and this menu is mandatory.

[pooya87]

I'd bet the lack of increase in the interest rates has played a role in this rise though. The bonds market, even though profitable, is losing its bling and FED is not about to rise the rates until July which would make it 11 months of stability (last rise was in August) so we may see a continued rise all through the first quarter of 2024 at least.

Now if energy prices start soaring again (due to OPEC newest supply cut that will start next year in first quarter of 2024) we could see increased inflation and if they keep the interest rates at this level as promised, we could see an even bigger rise for bitcoin in the same period.

P.S. having a halving! is going to be a big contribution to that rise too.

[Dave1]

I'd bet the lack of increase in the interest rates has played a role in this rise though. The bonds market, even though profitable, is losing its bling and FED is not about to rise the rates until July which would make it 11 months of stability (last rise was in August) so we may see a continued rise all through the first quarter of 2024 at least.

Yeah, possible and maybe those who got their Christmas bonus and paycheck could have invested it on bitcoin right now. And still though, the noise behind a possible Bitcoin spot ETF approval could be another factor.

P.S. having a halving! is going to be a big contribution to that rise too.

This will be the catalyst for the eventual bull run. Many are in the FOMO mode right now, doesn't want to miss it out so as early as December someone will have to stack sats in his wallet before the halving and just watch it grow.

[Reatim]

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.

a perfect growth what we are having here in Bitcoin market , just early December we already Hit 44k and the votes really amazing as everyone expect that positivity (of course not counting those 2 who has negative looks)
so I think there are more good value coming to the bitcointalk market and of course all of us will benefits.

On my contrarian argument that we might witness a correction and dump under $40. This image is being shared in social media. This is Su Zhu, who is also known to say buy when he is selling and say sell when he is buying. He also likes to use his friends as exit liquidity hehehehe.

if this is going to happen before 45k and yeah I dont think this can be true but when after 45-48k ? maybe there is a chance that correction will come that low , bellow 40k once again.

[tokeweed]

I'd bet the lack of increase in the interest rates has played a role in this rise though. The bonds market, even though profitable, is losing its bling and FED is not about to rise the rates until July which would make it 11 months of stability (last rise was in August) so we may see a continued rise all through the first quarter of 2024 at least.

Now if energy prices start soaring again (due to OPEC newest supply cut that will start next year in first quarter of 2024) we could see increased inflation and if they keep the interest rates at this level as promised, we could see an even bigger rise for bitcoin in the same period.

P.S. having a halving! is going to be a big contribution to that rise too.

Yup, that's what I've been saying...  The guys following what's going on in the market whether crypto or old school markets prolly have gotten tired of hearing all the shenanigans going on in the world, expecting everything to go down but then missing out on the solid trend up.  The continuation of the trend higher is prolly caused by people who were sidelined because they thought the run up would be short lived...  But only to see it go above 30k then 40k and now possibly go above 50k.

They can't take it anymore, they can't wait for it to go down so they all went in taking the market higher.  Lolol.

[Bitcoin_people]

The Bitcoin market has seen the most growth in the month of December and the market has seen green candles. We have seen the Bitcoin market rise since the beginning of December compared to other months, which really excites all investors. When we saw the Bitcoin market hovering around $30,000, many speculated that the Bitcoin market might move to $40,000 by the end of December. But the green candles in the market rose steeply upwards, breaking those forecasts and creating a new history this December. Where most people thought there would be $40000 bitcoins but the price of bitcoins increased and went above $44000. According to that we can say that the Bitcoin market may be at the end of December and the beginning of the new year when the price of Bitcoin may be at its highest level around $50,000.

[GigaBit]

All types of Bitcoin related stock market have seen massive price increases in recent times. A positive reflection has been seen especially for all traders in the United States. For which we are going to see a good bull run in Bitcoin from late November to December. Most of the investors estimated that Bitcoin may be around $40000 in 2023 but the current price has crossed $44000 and it is staying between $43000 to $44000. The market is believed to have moved quickly on the prospect of a US Federal Reserve interest rate cut and approval of ETF funds.

According to the current prices, Bitcoin has gained 16.5 percent in 7 days and 18 percent in 14 days. This is the first time since 2021 that Bitcoin has risen to such highs this month. Ipek Ozkardeskaya  Swisscote Bank senior market analyst speculates that if the Bitcoin ETF is approved, the market could move higher even faster. He hopes that ETF will be approved and this approval will create the positive environment for the investors.

[cryptoknightt]

I don't know if this vote is based on desire or prediction, but what I see here is that people most likely want Bitcoin to rise so that market conditions appear to improve.
but the fact is that we don't know yet whether the market will continue to rise or not.
However, people's hope or desire to see Bitcoin continue to rise seems too strong.

[Epaper]

I suspect that December will be a positive trend for the increase in Bitcoin prices, especially since recently Bitcoin prices have continued to experience a very significant spike. I predict the price of bitcoin at the end of this year will most likely reach above $45k.

[wiss19]

The history of this topic is great, I do not mean exactly this topic but tokeweed has been starting this topic every month at the start, and if you look at back when he first started, people didn't had any type of courage that bitcoin will go up, even on the months that it did, people didn't really trusted bitcoin and that should be something that matters and we need to end up with something that will benefit everyone if given time.

So, the fact that we have reached to a point where it is doing fine that means people voting for it even more, nowadays everyone believes that bitcoin will grow a lot. Just even the results of these polls are very important indicators and we should consider the situation to be great, we should be very hyped about the future, and how we are going to get higher and higher.

[Gozie51]

I suspect that December will be a positive trend for the increase in Bitcoin prices, especially since recently Bitcoin prices have continued to experience a very significant spike. I predict the price of bitcoin at the end of this year will most likely reach above $45k.

As it is now, the price of bitcoin is close to your prediction of $45k because at the moment it is standing at $44k and nothing stops it to going beyond $45k within the weekend, so the prediction is already being taking over within the week. No doubt bitcoin is now on fire making people to be confused whether we have already entered the bull run without the halving. However, for me I do believe that the price surge already being witnessed is a sign that the halving for next year will cause a lot of volatility and price increase.

[alankasman]

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.

No matter what the price of bitcoin would be by the end of this year, one thing is for sure bitcoin touched 39K for the very first time this year in the month of December, so we can say that December was the peak month for the bitcoin price. It may retrace a bit not because of any bad fundamentals but due to the holiday season and year end.

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Still in December after a while of speculating about what the price of Bitcoin was that we didn't care about, it wasn't difficult at all to get to $40.xxx and leave $42.xxx with ease.
Even if there is a price correction in December, it will not reach below $37k at that time, while it is still at the beginning of the first week. Now I want to be beside you with the perception that I also don't care what the price of Bitcoin is at the end of this year. Able to reach $44,202 for the first time in December and will reach more in 2024-2025.

[FanEagle]

About 15-16% increase just in the last week (this month) is proof enough that we are in a bull period right now and it is going great. I get that people may have worries, and I understand that, CMC shows the greed index being super high right now, it's scary, everyone is looking at the insane increase and fearing "what if the fall starts" and I understand that feeling, and I believe it will have a fall on the first quarter of 2024 as well, before the halving, I think we are going to be under 40k before the halving, reach back over 40k again during halving (a little before and after) and slowly that will turn into going higher and higher, by the end of the year it will be 70k again, maybe a bit more.

Then we are going to just have a huge increase there after, it is going to be 100k+ at 2025 if you ask me and then some more, maybe reach even 15k as well, the biggest expectation I have would be 200k, but that's my max, anything above that is something I can't see happening and if it does I will be already out.

[tokeweed]

And there you have it folks, BTC's first insta sell off in while.  I'm not really sure what it means, if our little run is over or not, but from what I've seen before sometimes BTC dominance hits the top which paves the way for alt szn.    Not really sure if it's gonna happen this time but it's prolly good to start rotating a little big of BTC in a few select alts.  And when you're doing this, use ALT/BTC charts not the ALT/USD ones...  NFA tho. 

Some alts might look like they're trending up against the USD but really their must bottoming out against BTC and getting ready to trend up against it.

[STT]

Its a good retraction, seems BTC will have to explore the 2022 winter prices with all its possible volume old orders and potential resistance.  Its unrealistic to expect BTC to crest a mountain without rest along the way.   Still ahead for December as a month but I think wider context back to the full range of prices since 2020 is fair reckoning.
  We're below my golden measure of positive momentum in BTC which is quite simply just a rolling moving weekly average price, 43k to write off this price as just a blip.   Below that I believe its fair to say we are in revision and 40k as a target will be the new range bottom to beat.  We already to touched there in a fast candle and recovery early this morning but lots of people move slower and will sell that recovered price back to revise and repeat till we regain confidence in support at 40k most likely.

[ShowOff]

Its a good retraction, seems BTC will have to explore the 2022 winter prices with all its possible volume old orders and potential resistance.  Its unrealistic to expect BTC to crest a mountain without rest along the way.   Still ahead for December as a month but I think wider context back to the full range of prices since 2020 is fair reckoning.
  We're below my golden measure of positive momentum in BTC which is quite simply just a rolling moving weekly average price, 43k to write off this price as just a blip.   Below that I believe its fair to say we are in revision and 40k as a target will be the new range bottom to beat.  We already to touched there in a fast candle and recovery early this morning but lots of people move slower and will sell that recovered price back to revise and repeat till we regain confidence in support at 40k most likely.

It's unpleasant to lose more than 7% in the last 24 hours, but I realize this is just a necessary part of what should happen when the market is overbought. $40k tested as new support in December, but I don't think it will turn into resistance once we get past $44k. A quick recovery can be expected after today, but this time I think the movement is a bit slower.

Traders seem to be so panicked today. The selling pressure is very high, but I hope it will recover soon.

[bbc.reporter]

It appears that the contrarian argument is being proven to be correct hehehe. There is also Su Zhu's message on social media telling eveyone that bitcoin will run it back turbo. I reckon if you are a short seller, his message was the icing on the cake with the cherry on top hehehehe.