BTC Sentiment Poll for February

[Marvelman]

Yeah! People got way too excited thinking an ETF would make the price keep going up.  But after it got approved, things cooled down again. Investors realized the ETF wasn't gonna change much.  The early bull run some folks predicted didn't happen either. 
So far February has been kind of dull.  There's not a lot happening to push Bitcoin like last month.  But folks are still feeling optimistic overall. But with the halving coming up soon, things could definitely get interesting again.  Nothing is guaranteed of course.  But if I had to guess I'd say there are some exciting times ahead.

[khiholangkang]

Many of the results of bitcoin analysis will experience a decline before halving, I think more than 20 people I know and some influencers about the price of bitcoin will experience a decline before halving starts and I also see that there will be a retest of the price of bitcoin at the $30k-$36k price level before continuing its increase.
yes I see that indeed Fomo ETF no longer exists and maybe now it is biased about bitcoin ETF, so yes one of the strongest indicators is the current Halving to push the price of bitcoin, but yes we have to retest.

This kind of thing might be a doubt for some people who do DCA on price drops, including myself, whether to wait for the price drop first to continue bitcoin in the Q1 round this year, or maybe I should be skeptical on my own analysis. lol

I feel like I do not really wait for the price drop to buy, I do end up buying whenever I have some money which means that sometimes it's at bottom and sometimes it's higher and I do not worry about it all that much. I get that it is not going to end up with much, but it will definitely be something that everyone will find very cool, so we should really consider that as a good thing to participate one way or another.

If you get into bitcoin, no matter where you enter it, you will eventually profit from it, the only difference is some people profit a lot quicker and some people have to wait a lot to make a profit, sometimes it's a good time and sometimes it's bad. Sure you can buy at 68k and you will eventually profit but it takes years, and some DCA would be helpful, or you could buy at 15k, and you profit right away.

Maybe with the DCA strategy it is a good move, but if there is a calculation that bitcoin will go down why don't we wait a little time to buy at a cheaper price even if it only has a small difference and the price will come back, but I think it is a pretty decent price.

I understand the concept that you described and I have done it until the end of 2023, so maybe this funds I want to get a price that can be said to be below the $40k level maybe.

BTW there are rumors that the US government will sell their confiscated Bitcoin, have they already sold it, I think that is one of the indicators that bitcoin has decreased for this February?
on the other hand I also see Blackrock collecting bitcoin every day.

[virasog]

Yeah! People got way too excited thinking an ETF would make the price keep going up.  But after it got approved, things cooled down again. Investors realized the ETF wasn't gonna change much.  The early bull run some folks predicted didn't happen either. 
So far February has been kind of dull.  There's not a lot happening to push Bitcoin like last month.  But folks are still feeling optimistic overall. But with the halving coming up soon, things could definitely get interesting again.  Nothing is guaranteed of course.  But if I had to guess I'd say there are some exciting times ahead.

If bitcoin is not pumping, it is not dumping either. This means that the demand for bitcoin is not less and we can see good momentum in bitcoin near the bitcoin halving and it will continue for the next few months. By the way, do not call February to be a dull month, as we have just begun this month and there is still a lot of time for the action 

Maybe with the DCA strategy it is a good move, but if there is a calculation that bitcoin will go down why don't we wait a little time to buy at a cheaper price even if it only has a small difference and the price will come back, but I think it is a pretty decent price.

I will recommend doing the DCA until Bitcoin is under 50K. I guess this is the very cheap price of Bitcoin considering the targets of the Bitcoins by the different analysts. This may be the last few weeks or months, when we will get bitcoin this cheap. Remember in 2017 the highest bitcoin price was 20,000K and now we can only dream of such a price to buy bitcoins.

[Wind_FURY]

Perhaps for February, Bitcoin will get another positive month. But does that truly mean that we are in a "bull market"? I believe not, ser. I have a some suspicion that Bitcoin will have one more major crash before it surges towards over $100,000. Many people will not believe it, but if the world's major economies start to pivot to QE/loosening their monetary policies, then Bitcoin will surge more than during 2020 - 2021.

[tygeade]

Well...  January started off really nice with some of the guys around here thinking that it's finally a full blown bull market.  But a couple of weeks in, it looks like 45k resistance is too strong and there just wasn't enough demand to make BTC break out and stay above 45k...  :/

But then again when switching to a monthly chart, it doesn't really look that bad at all.  Still finished the month in the green.  So yeah...  Just a simple poll for Feb.  Up or down?  

February also started well. Of course I predict the monthly chart in February will also end well.
The price will probably still be at the $43K - $45K level even though I actually hope it won't go above that price before April 2024.
I still don't want to see Bitcoin prices increase this month even though the effect of the ETF will be felt later in increasing prices. For now I still think that a drop below $43K is still possible.

I don't have much to say about prices in February. At a minimum I want green graphics. Up or down? sideways that I predicted.

I think you need to have a short position to expect it to go down. I think there is definitely a possibility but I do not "want" that to happen, I do expect or predict that it may happen that way, but I want it to go up. Checking previous halving, the price drops a bit before the halving and then goes back up. Doesn't mean too much high or low, it starts at X, goes down 10% from X and goes back to X for halving, so it is not going to be that crazy and considering we already broke over 48k and then under 40k, I guess that may have already happened.

With ETF coming hopefully soon enough, I just feel like we are going to end up with a good increase with the price, and that would definitely be something that will benefit everyone, it will make it a higher price without a doubt.

[Unbunplease]

At the moment it is quite logical to expect a continuation of the sideways trend. In order for the price to fall strongly just before halving - very negative news is needed. Therefore, after the sideways trend, the bitcoin price is most likely to rise. We are in for quite an interesting spring - and quite possibly a good altcoin season as well

[_BlackStar]

Well...  January started off really nice with some of the guys around here thinking that it's finally a full blown bull market.  But a couple of weeks in, it looks like 45k resistance is too strong and there just wasn't enough demand to make BTC break out and stay above 45k...  :/

But then again when switching to a monthly chart, it doesn't really look that bad at all.  Still finished the month in the green.  So yeah...  Just a simple poll for Feb.  Up or down?  

@tokeweed - because there are only two options, I choose up. But I tend to think February is a sideway month for bitcoin prices - as said, it's a bit difficult to get the price to break through the $45K resistance. $42K to $44K is a price range that seems good as a prediction - but when the current negative sentiment does not hinder price growth, then perhaps a recovery can be expected.

I'm choice sideways for February - but it's still possible to get bitcoin to recover and test $45K resistance before the end of the month. Nothing is certain as the market can move in either direction anyway - but I don't expect any surprises this month.

[aylabadia05]

February also started well. Of course I predict the monthly chart in February will also end well.
The price will probably still be at the $43K - $45K level even though I actually hope it won't go above that price before April 2024.
I still don't want to see Bitcoin prices increase this month even though the effect of the ETF will be felt later in increasing prices. For now I still think that a drop below $43K is still possible.

I don't have much to say about prices in February. At a minimum I want green graphics. Up or down? sideways that I predicted.

I think you need to have a short position to expect it to go down. I think there is definitely a possibility but I do not "want" that to happen, I do expect or predict that it may happen that way, but I want it to go up. Checking previous halving, the price drops a bit before the halving and then goes back up. Doesn't mean too much high or low, it starts at X, goes down 10% from X and goes back to X for halving, so it is not going to be that crazy and considering we already broke over 48k and then under 40k, I guess that may have already happened.

With ETF coming hopefully soon enough, I just feel like we are going to end up with a good increase with the price, and that would definitely be something that will benefit everyone, it will make it a higher price without a doubt.

Only analysis does not necessarily mean the results will come true. Something that is hidden behind the desire not to increase the price in February is that we still have not met the target to release it when the highest price is reached. If in the next two months the condition of the market price graph still does not change as much as it is now, then these two months will be an opportunity to add and meet the Bitcoin target in the portfolio.

The Bitcoin price chart in 5 days is running sideways and does not show the potential to reach $45k because from February 1 until today the graph has not shown a signal that it will reach $45k. $45k seems to me a very crucial price to deal with the market situation that we expect to occur.
The effect of ETFs is quite positive if we observe. Hopefully the hopes of all holders can be fulfilled.

[jasonjm]

I think the price might dip below $40k because the ETF hype is over, and the only thing left for us to wait for is the halving event. In Feb, the market trends will be sideways and probably replicate the Jan trend, more or less. A dip toward $35k is highly likely before halving.

[KingsDen]

Well...  January started off really nice with some of the guys around here thinking that it's finally a full blown bull market.  But a couple of weeks in, it looks like 45k resistance is too strong and there just wasn't enough demand to make BTC break out and stay above 45k...  :/

But then again when switching to a monthly chart, it doesn't really look that bad at all.  Still finished the month in the green.  So yeah...  Just a simple poll for Feb.  Up or down?  

When January gave us an excellent and exciting start, I knew it was a red flag. This is because I was sure that the uptrend cannot continue untill halving. It came earlier. While the market was supposed to be suffering, it was instead glorying but I knew the glory will be cut short. But what marvelled me was the news of ETF approval which I thought would help to accelerate the market the more but it rather didn't or did the opposite. Many people thought the price will start flying almost immediately. I had two options which would move the market, which were;

• ETF 
• Halving 

One has failed but it will resurface to help the effect of two to be very massive

The February will continue on consolidation till the last week when bitcoin will climb 45k again. Unless there's a strong fundamental to distract the market.

[peter0425]

I think the price might dip below $40k because the ETF hype is over, and the only thing left for us to wait for is the halving event. In Feb, the market trends will be sideways and probably replicate the Jan trend, more or less. A dip toward $35k is highly likely before halving.

ETF does not bring Hype up to now , have you really check the market sentiment? big boys does not add value till now and we are still waiting about the potential reaction of the market once they bring their investment inside.

and bellowing 40k this February ? for what reason mate because there are still no bad news coming and the halving is far at least 2 months so we can still have chance to invest while the price is cheap.

[Wind_FURY]

At the moment it is quite logical to expect a continuation of the sideways trend. In order for the price to fall strongly just before halving - very negative news is needed. Therefore, after the sideways trend, the bitcoin price is most likely to rise. We are in for quite an interesting spring - and quite possibly a good altcoin season as well

Plus the possbility of a Black Swan, which because high interest rates and QT is the elephant in the room, everyone doesn't excpect it the be the Black Swan,WHICH might make it THE Black Swan.

The belief that because everyone is expecting it, then therefore it's priced in by the market, will absolutely make the crash more unexpected.

[dragonvslinux]

The January candle did look more like continuation to the upside than a correction, but the Weekly candle at the start definitely signalled a trend reversal with with a -10% wick and -15% close from the highs. With price struggling to reclaim $44K volume zone and not even able to re-test the highs around $45K, which should be the expected dead cat bounce at minimum, personally I'm anticipating lower prices this month.

Despite the enormous bullish/parabolic move from $30K levels to $48K in recent months, price currently looks weak, and it's likely price will be under $38K by end of the month at this rate. The bears are finally breaking down 3-4 months worth of bullish support levels, from the 50 Day MA to the Ichimoku Cloud, so it's hard to believe without a miracle that February will be a bullish month.

[btc_angela]

I think the price might dip below $40k because the ETF hype is over, and the only thing left for us to wait for is the halving event. In Feb, the market trends will be sideways and probably replicate the Jan trend, more or less. A dip toward $35k is highly likely before halving.

I think smart investors knows that already, it's crazy to think that prior to the approval, everyone is thinking that we will break our previous all time high or at least touch $50k. But the opposite happen and so I think before halving, we should prepare for the worst, <$40k might be with us this month.

We've like to think that we are in the bullish pattern, but if you look or at least zoom out the trend, we might see reversals. Not that I wanted to be negative this month, but the chart says otherwise. Although it's not exact, it's better to really not be confident that we will see a massive run for this month due to the ETF because there is no longer the hype. The news have been sold already by some speculators and they have profited from it.

[FanEagle]

The reality is that we are seeing something that isn't really predictable at the moment, we are not at halving or near yet, but we are not far, we have seen it go up to around 49k but we have seen it go under 40k as well. As we have it right now, it is easy to say that anything could happen, and that is why it is a risky thing.

I think it's clear that we are going to end up with some terrible decisions if we do not know what we are doing and we should be careful about that. I understand it is going to be hard for you to handle if you can't deal with volatility in the crypto market. Just deal with what you have at the moment and you are going to se a lot of volatility this month, can't say which direction, maybe even towards both directions.

[ivankoh]

My expectation is for bitcoin to break out $48k again, possibly touch $50k and then retrace a bit in March. Before the halving bitcoin has loopholes that the market can exploit like the way bitcoin etf created. I don't deny bitcoin will move up but reaction and caution are necessary. Anyway, I'm optimistic about bitcoin in February.

[Franctoshi]

The market is reactive and not predictive; Therefore there is no need to panic because Technically the market is still healthy and 43k is fair good price still, I'm thinking that the price will go hit 44.7k and this is the zone I'm monitoring the situation and how the market is going to react when it gets to that level, so with what I saw from the monthly perspective, I'm looking if the price will break 45k then we will head up further, whereas $40k is the level I'm looking to see the price break base on the downside situation. Currently, on the side line watching which one happens first, base on trader's standpoint.

[aylabadia05]

The market is reactive and not predictive; Therefore there is no need to panic because Technically the market is still healthy and 43k is fair good price still, I'm thinking that the price will go hit 44.7k and this is the zone I'm monitoring the situation and how the market is going to react when it gets to that level, so with what I saw from the monthly perspective, I'm looking if the price will break 45k then we will head up further, whereas $40k is the level I'm looking to see the price break base on the downside situation. Currently, on the side line watching which one happens first, base on trader's standpoint.

The current market price is more than $45k. It is clear to see how positive reactions are taking place to strengthen the route to halving.
A very good reaction for those who expect an increase past the predicted price.
My analysis says that this week the movement will continue to move to break predictions that say Bitcoin's movement is very boring.
Of course, those who place orders at prices below $45k to sell will experience disappointment, of course not for those of us who still hold Bitcoin firmly.
Hodl...

[Kemarit]

The market is reactive and not predictive; Therefore there is no need to panic because Technically the market is still healthy and 43k is fair good price still, I'm thinking that the price will go hit 44.7k and this is the zone I'm monitoring the situation and how the market is going to react when it gets to that level, so with what I saw from the monthly perspective, I'm looking if the price will break 45k then we will head up further, whereas $40k is the level I'm looking to see the price break base on the downside situation. Currently, on the side line watching which one happens first, base on trader's standpoint.

The current market price is more than $45k. It is clear to see how positive reactions are taking place to strengthen the route to halving.
A very good reaction for those who expect an increase past the predicted price.
My analysis says that this week the movement will continue to move to break predictions that say Bitcoin's movement is very boring.
Of course, those who place orders at prices below $45k to sell will experience disappointment, of course not for those of us who still hold Bitcoin firmly.
Hodl...

I think it's more of a bounce back from the effect of the news about the Bitcoin Spot ETF approval. Now I was surprised to see $45,000, but then again, this is where we should be like last month and unfortunately it didn't happen. So say $50,000? Who knows? when we are now again on the bullish state maybe this month we can achieved that. So we will have to see.

@ Franctoshi - the market is more on speculative, so obviously it will react to any news that we have, whether positive or negative. The good thing is that this market is wide open, so it could be very volatile most of the time but we learn how to take advantage of that, like buying in the dip and obviously, HODLing for a more profits in the future.

[thecodebear]

Definitely going to be an up month. Especially considering second half of January was a dip.

Getting closer to the halving plus ETFs buying up several thousand bitcoin a day five days a week (that's 9 figures in $ daily).

January we saw the hype of the ETF leading up to and at launch, then we saw the sell the news event plus the massive Grayscale ETF dumping from arbitrage traders and FTX.

Now the massive Grayscale selling is over, while of course the buying continues (though Celsius is planning on selling a monstrous $1.4 billion from Grayscale in the near future). Spot market excited about the incoming halving plus TradFi investors piling into the ETFs to the tune of $100+ million per day. Today was, for example, I believe 3911 BTC or ~$140 million net positive into the ETFs, that's a loooot of daily buying!). This means yeah...it's going to be an up-month for sure. Already up a decent amount. I'm expecting to see $50k this month.