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Poll
Question: Are you now convinced that it's a bull market?
Yes - 18 (56.3%)
No - 8 (25%)
Dunno - 6 (18.8%)
Total Voters: 32

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Author Topic: BTC Sentiment Poll for January  (Read 415 times)
Gozie51
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January 19, 2024, 11:55:14 AM
 #61

Monthly candle I rarely watch people using this timeframe

But I vote No ETF already approved but the market seems not moved at all. But as you can see on your chart bitcoin already put 3 candlesticks with big green don't you think there will be a correction after this?
In Altcoin cycle is january is the best time to buy more alt



I see the possibility of the correction too. The expectation of price up movement from early January to this time was that it will continue the up trend it started since last two months in the festive period but after this season it has reduced in volatility thereby affecting the price from 46k to now 42k with more possibility of further drop. I don't think this January will end in bull mode and price will keep maintaining this level until halving.

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January 19, 2024, 01:18:03 PM
 #62

It's bull market but Bitcoin can't afford to drop more.
Because if it drops more, bears will come out again and bears can become very dangerous.
Bitcoin just needs a stable gain now and bears will be frightened again and won't attack.
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January 20, 2024, 08:34:27 PM
 #63

It's bull market but Bitcoin can't afford to drop more.
Because if it drops more, bears will come out again and bears can become very dangerous.
Bitcoin just needs a stable gain now and bears will be frightened again and won't attack.
In the beginning of the month, we have a huge jump in prices, so you can't blame those who voted and convince that we are in a bull run. And specially after the approval of the Bitcoin ETF's, we almost top $50k and we thought that it will continue it's bullishness because of that news. However, it was the opposite, maybe there is some kind of manipulation behind, maybe some big entities take advantage of the situation, liquidate their position when we hit $49k'ish and take profits, and then newbies panic when they saw this huge sell orders and follow and push the sell button as well. So we can't assume that we are in a bull run, bears will be bears, they will go and try to put pressures whenever they can to make people sells. They can easily create FUD as well to sow and manipulate public opinions and then they will take advantage of that situation again and again.

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