BTC Sentiment Poll for February

[Yaunfitda]

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.

That's just one part of the equation though, at least if you look at the monthly chart, Bitcoin goes to almost 1%, so we are still green in January. Of course, we thought that we could have gotten higher when the price reaches $49k and very excited to see a break out run to $50k. But there is a correction, short term speculators taking some profits and that's it. Nevertheless, we are getting closer to the catalyst which is the block halving. And so with that, we will see a huge growth down the line and that $50k? it will be broken like a butter. So I think we will still grow this February and be in the bullish state and might end up closer to $50k again.

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[tengui]

It is difficult to predict whether it will rise or fall in February because recently the Bitcoin price was not far from $40k, meaning a little below $40k or a little above $40k. However my prediction is more likely that the price of Bitcoin will rise because I believe this year is a bullish year and I also believe that this month it will be able to penetrate $45k.

[Hallroom]

Bitcoin price has been showing signs of improvement since the beginning of February. But now Bitcoin halving is just waiting for Bitcoin halving and the highest level Bitcoin price is normal level to create opportunity for investors. Bitcoin price must be 40k plus in February.  Because the price of Bitcoin will increase in the future, this is an opportunity to invest before the halving.

[EarnOnVictor]

It is difficult to predict whether it will rise or fall in February because recently the Bitcoin price was not far from $40k, meaning a little below $40k or a little above $40k. However my prediction is more likely that the price of Bitcoin will rise because I believe this year is a bullish year and I also believe that this month it will be able to penetrate $45k.

I wonder why difficulty is the most used language on this forum when it comes to the prediction of Bitcoin monthly. This is highly unprofessional to me and it shows that many people here are not just finding their feet toward learning to know how best they will be predicting what Bitcoin can do doing monthly and even yearly. Nothing is difficult here and at least I expect people to be constructive and show some conditions for what can cause a bullish path or a bearish path rather than emphatically believing it will be difficult. Bitcoin is presently bullish in the long-term trend and it has ended a correction with the way I saw it. It however has a bullish price action on the weekly chart for now, which means that a bullish trend on both the long-term and short-term are aligning, which might be positive for this month.

Nonetheless, there is a pressing issue on the daily chart, with the Fibonacci resistance level of $43,606. The market hit it this week and has not been able to breach it higher ever since then, This is the only important barrier I see now, and if Bitcoin breaches it successfully higher, I am sure that it might have some huge bullish achievements this month which might resume some bullish trend that will first hit the ATH of 2024 at above $49,000 before going higher for the psychological level of $50,000. After this, a mini correction might happen again, but certainly will not be lower than $43,606 in its worst case.

[martinex]

It is difficult to predict whether it will rise or fall in February because recently the Bitcoin price was not far from $40k, meaning a little below $40k or a little above $40k. However my prediction is more likely that the price of Bitcoin will rise because I believe this year is a bullish year and I also believe that this month it will be able to penetrate $45k.

And I personally think the market is very vulnerable to further corrections, there are many things that make investors lazy to enter, one of which is waiting for a decision on the spot Ether ETF by the Securities and Exchange Commission (SEC) and if we look at the 4 hour time frame chart, BTC is currently preparing to decline again by 42K. .

[tygeade]

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.

[kentrolla]

Bitcoin will most probably stay between $40k to $45k and it has retested $40k multiple times in last few days but good thing is Bitcoin has been able to trend above $40k. I had high hopes initially as I though it would cross $45k and eventually cross $50k but since it's a dynamic market and no one can predict accurate even I was wrong and now I think it would be great if Bitcoin manages to float above $40k. Because, anyways once the halving happens we may see dip in the price.

[Aanuoluwatofunmi]

Bitcoin price has been showing signs of improvement since the beginning of February. But now Bitcoin halving is just waiting for Bitcoin halving and the highest level Bitcoin price is normal level to create opportunity for investors. Bitcoin price must be 40k plus in February.  Because the price of Bitcoin will increase in the future, this is an opportunity to invest before the halving.

We are most likely to keep having the bull market between now to the time of halving and don't be surprised that after the halving, there may comes in little bear market to help take the market from down upwards after the halving in preparation for the bullrun, we need to keep an eye on the market sentiment, performance and chart to know how things are going before we can sell or invest in preparation for the halving because there's likely possibility for high volatility during such season.

[Ultegra134]

Bitcoin price has been showing signs of improvement since the beginning of February. But now Bitcoin halving is just waiting for Bitcoin halving and the highest level Bitcoin price is normal level to create opportunity for investors. Bitcoin price must be 40k plus in February.  Because the price of Bitcoin will increase in the future, this is an opportunity to invest before the halving.

That's true, but improvement started since late January, after a small bear period. It's unclear how the price will progress for February, but the previous years have been mostly positive, although this hardly means anything viable. I voted that it'll fall, in my opinion, we might go through a correction phase a little before the halving takes place. If that occurs, we'll need to take advantage of any opportunities that arise, because the upcoming few months are probably going to be fruitful.

[LogitechMouse]

Up or down?  

Whenever I want to see the trend of the market, I only use one indicator, and many Technical Analysts have been using it as well. It's the 21 Weekly Exponential Moving Average.

Based on the picture above, we are seeing that the market is above the Moving Average meaning the trend is still upwards. TBH, it's quite surprising that we will end the month with a green candle knowing what happened after the SEC approved 11 Spot Bitcoin ETFs. Nevertheless, I still believe that the price of Bitcoin will go upwards in the next 2-3 months before the halving event happens. Anybody can happen still, and we might see the price of Bitcoin going down in the next months, but the chances of it to happen are lower than it of going up. The sentiment is rather positive already, and that means a bullish trend.

[alankasman]

I have voted the answer.
In my opinion, the price chart analysis will be in not bad condition. Green will dominate the market for February, which will not be much different from January.
Even though it won't be far away, the graph movement in 3 days is more sideways and there is a good chance that my analysis says the pace will occur in the third week but the percentage will not be large.

[Zaguru12]

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?  

How about we will have to wait more again to see where this leads. Currently the market is more like ranging one, because the heavy speculation on sales have slow down and which even lead the price to break the resistance at $45k but immediately retrace which shows the weak liquidity there. Base on 1 Day time frame from the Chart the bitcoin price attempting to break the resistance at $43600 but as multiple times be rejected this and a further break down towards the local support which is around 41800 and 41500, should bitcoin gets to break that due to more selling power then we are heading straight to down to $38k support which means more bearish movement towards 30k but if the over comes the resistance at that $43600 then it’s heading straight to a new resistance at $45k and will push further upward. This is the best time to be a holder and not a trader. If you’re a trader make sure you put a very tight stop loss at 41k

[ScamViruS]

It is difficult to predict whether it will rise or fall in February because recently the Bitcoin price was not far from $40k, meaning a little below $40k or a little above $40k. However my prediction is more likely that the price of Bitcoin will rise because I believe this year is a bullish year and I also believe that this month it will be able to penetrate $45k.

Since the approval of Bitcoin's spot ETF, big investors have been selling Bitcoin to take profits. But Bitcoin is still above $40k despite all the big sell pressure. Grayscale has been regularly selling bitcoins since EFT approval but on the other hand investors like Blackrock are increasing their bitcoin holdings so the market is still at a stable price.

That means a lot of things are happening behind the scenes, so that they are preparing for the next bull market. Therefore, instead of focusing on the short-term changes in Bitcoin, we should focus on how big a bull run Bitcoin can give in the future.

[FinePoine0]

We certainly saw signs of improvement and signs of deterioration in the price of Bitcoin in January. Act prices rose to a January high of 48k, and touched a low of 38k. The big up down we saw was in January 2024. Now that we are currently in the month of February Bitcoin price is still showing signs of improvement, the future Bitcoin halving signs will be revealed after only a few days of waiting. So we will definitely see signs of Bitcoin improvement in February and the possibility of touching 45k will be very high.

[EarnOnVictor]

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.

Well, this is your belief and everyone is entitled to theirs, only that you never call a single basis for your disposition which makes it more of a guesswork if I must say. At times, in my experience, many people will just view the chart and see the green/blue and red colour of the bars to make their prediction outrightly which is what I also suspect in your case. Well, I look beyond that when I make predictions, nonetheless, I like the way you are not so rigid about the view but also considered some alternative conditions that could happen which could change the scope of the market even if the most preferred view is not coming into play. In my case, I use the price action and Fibo levels to spot the prediction, and this is in relation to the immediate past behaviour of the market in terms of the most recent corrections made, and also the current behaviour of staying above some important technical levels.

Now, it is all about the Fibo line of $43,606, and if you carefully study how the market has been behaving in recent days, you would know that it respects that level so well. This is the determining level in February as far as I am concerned and if broken, the $45,000 you called will be slipped upward with ease. A similar reaction we experience now happened when the market was around the Fibo level of $40,243, it danced around it for a while before gaining the needed momentum to breach it upward as seen on the 26th of January.

[peter0425]

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?  

in 4 days of February yet there are no big sign of what is coming but staying neutral at 40k up is much better than what we have before the January year ends,  the graph shows something promising but since we are nearing Halving and for sure prices will dump here and there, I doubt that we will be having 50k this month .

[michellee]

There should be one more option, which is sideways

But that's okay, @OP. I don't predict the price will go up or down. I might see it sideways. The price may remain in the $ 41k- $ 43k or $44k price range until the end of February. But that's just an estimate because if any positive or negative news is released, it will make the price volatile.

Meanwhile, the opportunity to rise ahead of the halving is still wide open. We still have to be patient, waiting for the price to increase. There will be a time for the price of Bitcoin to increase greatly. And until that time comes, we have to be calm and remain patient while continuing to accumulate more Bitcoins.

But if you still want to do DCA, you can do it. Moreover, the price has not increased much and is still at the $42k level. So you can buy more Bitcoins.

[aylabadia05]

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.

[Yamifoud]

There was too much high speculation last month which also caused the price to spike high but after the surge and ETF approval, the real market sentiment came. This month of February no longer gains much traction but I know people are still positive about the situation. The price of Bitcoin didn't make an early bullish this year despite the ETF but halving is coming near which also contributed to other market changes.

Currently, the price of Bitcoin is at $42,800 (at this post), it is on the recovery after it drops to $39k. That also something tells us that there is no assurance to keep the price high, dumps are always possible.

[Hallroom]

In February 2024, the price of Bitcoin can reach as high as 50k dollars. The halving year does not increase the price of Bitcoin from normal levels, creating opportunities for investors to invest. The lower the price of Bitcoin is now, the more investors will be able to hold. The more holdings now, the more bitcoin benefits going into 2025.