BTC Sentiment Poll for February

[tokeweed]

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?  

[Oshosondy]

Up or down? 

According to what I analyzed from my chart, bitcoin is seen to have gotten to its overbought level at $49000. Although the market has retraced and bitcoin got lower below $40000 before it is at $42193 which is its present price.

The spot ETF fomo and sentiment has gone and nothing much for now until we reach the halving time that we would be expecting bull run some months after.

I do not think the price of bitcoin will that increase and likely it may fall between $30000 and $35000. I do not know when this would happen, but I think it might happen before halving. If it does not happen like two week to halving, it would be good to accumulate at the time.

[alastantiger]

Just a simple poll for Feb.  Up or down?  

Not a pro in this, but historically, when Bitcoin experiences a negative monthly closure just as we have seen it January, it tends to follow with an average of two to three consecutive negative closures. I predict that there is going to be a higher probability of a downtrend in February and possibly March possibly leading to a retest of $40,000 or lower.

[FinePoine0]

As the Bitcoin market went up a few days ago and only 78 days later the Bitcoin Halving will begin. This will create ample opportunities for investors to invest ahead of the Bitcoin halving, so the price of Bitcoin is likely to fall in February. Now all investors should invest in Bitcoin if the price of Bitcoin is in a downward trend at present. The more bitcoins an investor holds the more benefits they can reap because the current time is the right time for bitcoins. If he observes, he can certainly see that every bitcoin halving, before the bitcoin halving, the price of bitcoin has gone down. So this Bitcoin Halving of 2024 is the right time to invest right now.

[buwaytress]

Probably up for February, got to relieve some of that bear pressure and buyers will still be in the mood -- but there's always that sneaking feeling that halving cycles aren't quite done yet. And if you believe that, like I do with no tangible reason, then we're still waiting for one painful crash just post-halving.

We're in February so can afford to enjoy some more feel-good sentiment until then.

[kotajikikox]

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...  :/

stays low now and barricading 45k maybe if once we hit it again then 50k will windowed for sure .

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?  

now again in green market as almost every coins making their lights on while bitcoin takes 43k again and staying.

we will be looking for this greens stays long and willl brings us profit for the next bull run.

[Poker Player]

Well, I believe that 2024 will be bullish and it should be if the pattern of previous cycles is repeated, apart from the fact that there are other indicators that help, such as the relaxation of interest rate policies by central banks. What happens is that I don't think they will close absolutely positive, although we would like to. If I have to opt for the month will close with the price higher than now, but not much, perhaps between $45K and $50K, no more. For the following months, before halving, I would expect some dip.

[rodskee]

This will be a bullish year though Not sure if we will be breaking the ATH of bitcoin but  with all
the signs this year , I think that we will be having this  small ups and down till the year ends , but of course early
next year as we need to see the effect of what we have this year , the ETF that expected to bring increase
when the big boys starts their journey in , and of course the Bitcoin Miners Halving that we have seen over
the years bringing the highest value each time it comes.

[Gozie51]

The chart is still bullish from Op and that has been the trend over few months from the ending of last year. So I don't see the price going down until the halving in April. The demand for bitcoin is creating more stronger support because more new investors are rushing in for the bull expectation, so they are buying and hodling in expectation of a margin profit.

I expect that this month will also end in bullish candle to lead into stronger support levels for next month in march.

[Reatim]

voted for UP , we have seen what happened in January after the approval of ETF so I think this month will be different as investors is coming from other part , from that approval other business person will now consider or finalized their thought of using if not having Bitcoin and crypto in their businesses, and that would spark a light to others.considering investing here.

[EarnOnVictor]

I voted for Up for Bitcoin, it will be bullish in almost every week of this month. This is mainly because it needed a correction, that was why it corrected lower below $40,000 in January, and for it to be able to close the month above that psychological level and also above the 1D Fibo level of $40,243 hints that it might have restarted a bullish movement which will soon be confirmed into a short-term bullish bias over time. And if that is ascertained, then it means that both its short and long-term disposition are now bullish, and that in turn means that the month of February will be bullish too.

Thankfully, all that I see on the chart now supports this claim, the bullish price action is seen on the daily chart and weekly chart, while the monthly chart shows a continued bullish launch, which are all signalling to a bullish bias. As it is, the FOMO might soon return to the market as the FUD is subsiding, so I am so much positive about Bitcoin this month, and who knows, it could hit $50,000 before the end of the month.

[_act_]

Thankfully, all that I see on the chart now supports this claim, the bullish price action is seen on the daily chart and weekly chart, while the monthly chart shows a continued bullish launch, which are all signalling to a bullish bias. As it is, the FOMO might soon return to the market as the FUD is subsiding, so I am so much positive about Bitcoin this month, and who knows, it could hit $50,000 before the end of the month.

All that I am seeing on the daily chart is that the market could fall or rise. If it rise it is not going to be more than $45000. If it goes more than than do not expect it to go above $46000. On the monthly chart the market looks like it can fall more but that could be what will not happen. If bitcoin will rise in February it will not rise more than $46000 if it struggles to go above $45000. Bitcoin to go above $50000 can happen but not in February.

[Nrcewker]

Towards the end of January Bitcoins were very un predictive I must say. The price went till 46k and fell to 38k usd in the same week. Many investors also got annoyed by seeing this price fluctuations. For February we have high hopes. Many long term holders are expecting Bitcoins to cross 50k usd by the end of this month. Hence it will be ideal to see Bitcoins going high up. Still halving has to come soon, so let’s hope for the best.

[khiholangkang]

Up or down? 

According to what I analyzed from my chart, bitcoin is seen to have gotten to its overbought level at $49000. Although the market has retraced and bitcoin got lower below $40000 before it is at $42193 which is its present price.

The spot ETF fomo and sentiment has gone and nothing much for now until we reach the halving time that we would be expecting bull run some months after.

I do not think the price of bitcoin will that increase and likely it may fall between $30000 and $35000. I do not know when this would happen, but I think it might happen before halving. If it does not happen like two week to halving, it would be good to accumulate at the time.

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

[Doan9269]

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...  :/

If we are to look from how we ended the month of January, we are likely not to experience dip again because we are moving fast and closer to halving, the market is raising more resistance against the bear market this month of February and we should only expect being more bullish, from what we can see through the daily speculations, weekly candles and the full explanation on what the chart market price is giving, there's more possibility for having bull market this month of February than we should expect for bear market, every other persons can also do their own research.

[Popkon6]

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?  

2024 is Bitcoin halving year, this year Bitcoin price is likely to increase several times more than the current price. Here from this chart it can be estimated that at least in the next year of 2024  in 2025 the price of Bitcoin is very likely to reach 150k million dollars. But we will assume the month of February, the month of February will be normal. Because if the price of Bitcoin is at a normal level, investors will be interested to invest. Bitcoin price will be 40k plus in February.

[Ojima-ojo]

2023 started with a carryover of the market sentiment of the year 2022 third quarter,  but along the line even with the much anticipated Bitcoin ETF, the price of Bitcoin still failed to push through to stay above 45k which is the major correction benchmark for many market speculators, and just as the first comment already mentioned that Bitcoin seems to have been overbought at the 46k-49k price region, which makes it so hard for traders to break such liquidity starch of that price in other to move beyond.


The only expected Bitcoin market propeller, that is left is the bitcoin halving, many have speculated that only Bitcoin halving can push the demands to surge and possibly give birth to a new Bitcoin ATH.


So may may not see much in this month of February and for that, Bitcoin may rely on or struggle around 40k-45k max in this month until after that event.

[tsaroz]

The year 2024 is going to be really unpredictable for both bitcoin and economy as a whole. Previously it had been noted that loss in markets around the world would have a boost on bitcoin price but that isn't the case for recent times and both of them now depend on the overall economy.
IMF and others had forecasted a boost in economic growth in most of the economies and to some extent due to war economy and with no end to wars on sight and chances of opening of new front, bitcoin would have a rough ride. But I think everything would be sorted out by the end of the year and we'd see a healthy economic growth around the world.

[Essential10]

The price of Bitcoin has gone down since the approval of the Bitcoin ETF as it was in early January. The market went below $40k early in the last week of January. Since the Bitcoin correction in the last week of January, it has been heading for a recovery again in February. In the moments leading up to the Bitcoin halving, I saw the price of Bitcoin drop. I think the bullish momentum will remain stable until mid-February. Bitcoin may begin correction again around the last week of February. For the next bullrun, I think this month is the best time to invest in Bitcoin.

[Franctoshi]

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?  

I voted down because I have a thread I was supposed to write about this particular candle that closed the month of January, Which from facing your chart, looks like a blow off top candle, a left hand green candle which would be followed by a right hand red candle this month candle and if you go into lower timeframes it used form a proper head and shoulders pattern, And 70 percent most of the time from my observation, it is a candle that precedes a bearish Candle, and having it occurred in the monthly time frame means that February particularly, has a higher percentage chance to be a bearish month for Bitcoin, and before that, we may likely see the price go back to revisit $44k uper wick of the left hand greend candle to completely form its second hand candle before it final drop towards $34k my price target towards the end of February, and if it extends to March we may likely see Bitcoin price go way down to probably $30k.