BTC Sentiment Poll for March

[pawel7777]

Closing March in profit would be something unprecedented. Never in the Bitcoin's history we have had 7 "green" months in a row. The previous longest run was 6 months in 2020/2021:



Credit to Cygan

But I can't see why this record can't be broken. We had that ~11.5% dip on 5th and I thought the market would cool down, but the price recovered nicely and we broke the new ATH. The market mood seems to be positive but the volume dropped down a bit, which is never a good sign. If I had to bet, I'd still say that we'll end March in profit and the price will stay above the opening ~$61k.

[1714670110]

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[1714670110]

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[1714670110]

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[Fundamentals Of]

The All Time High has been broken and for the first time in history, the ATH is reached not a year or more after the halving but shortly before the halving. This has not happened before but the bullishness of this year has made it possible.

But the more interesting thing about Bitcoin's history as far as its price is concerned is that once it breaks the ATH, it doesn't stop there. It usually goes beyond the ATH, a little further. If this happens this time around, $80,000 is possible before the halving. And $100,000 will finally happen sooner after the halving.

[lepbagong]

Bitcoin price is likely to rise again in March 2024. Because the price of Bitcoin is seeing an upward trend of Bitcoin from January 2024.  Therefore, the price of Bitcoin touched a maximum of $64,000 in February. It is still around 62 thousand dollars. If the price of Bitcoin starts to rise at this stage, I think it will definitely touch $69,000 in 2021.

Yes, it will continue to increase, and I think the 2021 ATH will be surpassed in a few moments, because bitcoin has already shot above $68K and is just waiting for the moment to reach it.
Because during the halving period there could always be another surprise caused by bitcoin until it actually enters the halving. The halving is still 40 days away, meaning it will pass the end of March, and it could be that at the end of March there will be a surprise and $75K is certainly something that can be achieved. We are waiting for that and hope this will also provide movement for altcoins.

[pooya87]

It is interesting that we are already testing the resistance that used to be previous ATH and doing it this soon! It's like yesterday when we were discussing whether price is going to go above $30k! In any case, if this resistance is broken in the coming week or two, we can expect a new ATH possibly at $80k before this month ends (ie. in 4th week of March) and follow with bigger rises in the coming months.

[thecodebear]

I'd like to see the price mostly stay in the $60k's this month. Like maybe spend a week under $60k during a correction, and finish the month back in the mid-60k's. Build up a bit of a base at this level, like price did the first few months of 2017 around $1000.


Crashes come when people start looking at the chart and saying to themselves "this can't possibly continue!" If price can chill for a month now that'd be nice. I'd rather have a long bull run reaching well into 2025, than the market shooting up so early like this and petering out by this Fall.

But so far Bitcoin has completely shrugged off the couple of attempts at a correction the past couple weeks. I guess maybe we'll see it shoot up further to like $75k-$80k before it gets high enough for a real correction to take place.

[Wind_FURY]

It is interesting that we are already testing the resistance that used to be previous ATH and doing it this soon! It's like yesterday when we were discussing whether price is going to go above $30k! In any case, if this resistance is broken in the coming week or two, we can expect a new ATH possibly at $80k before this month ends (ie. in 4th week of March) and follow with bigger rises in the coming months.

The current cycle might be the actual cycle that those "Moon Boys" have evangelized about when "the billionaires from legacy finance" will truly commit themselves to Bitcoin as a Store Of Value asset whether it's through actual HODLing or if it's through the spot ETF. Six digits is HIGH probability now.

Plus it will not only be the billionaires. It will also be government entities too.

They will FOMO like plebs. Congratulations to the HODLers, you frontrun the billionaires.

[STT]

Good call on the consequetive months being a new record, there is some reasoning to call a pullback as quite fair and even at this point and its not the negative one could presume in that moment.   Larger picture we can pullback quite a way and its still good price action further out. 

At this moment we have tried and failed to mount the 68k level and find it as support.  We have not seen Bitcoin close above ATH and stay there for important closing time frames such as the daily bar.  However the first attempt not succeeding is not weighing in as extremely negative to me, I think we can keep trying and its not yet lit up as a failure condition just yet.

Overall BTC remains strong, I still assume we can move higher even though we are quite extended from prior gains in a short period.

[Marvell1]

The way Bitcoins have started this month is really impressive. All the long term holders were eagerly waiting for this moment. Bitcoins have broke the ATH price for many currencies, the USD ATH price still has to be broken by the coin. I am expecting Bitcoins will cross 75k usd sure by the end of this month if this pace is being maintained. I see more people are buying the coins and holding it. Hence, definitely the price will go more up. Let’s hope for the best.

If that will happen in March then that may seem to bring dumping in halving ?I also see that the next resistance is 75k and upon this kind of movement now then it is either we will reach another ATH before halving or wr will start falling as what the other same season happens every time Bitcoin miners halving happen that the value dumps and the recovery sometimes taken months or even a year.

If bitcoin surpasses $70k, it means it has made a new ATH and created a new cycle, and there will be no more resistance at $75k for bitcoin. But the scenario if bitcoin rises to $75k before halving and is dumped afterward is entirely possible. Remember what happened when ETFs were approved. While everyone expected higher gains on news of ETFs being approved, bitcoin fell to $38k before rising to $69k in recent days. I think it will happen again, when people put too much hope into the halving, market makers will make things go against what the crowd thinks.

If we talked about new all time high, yes we have unlocked it already, so we are in a new cycle as we have never seen this kind of bullishness pre-halving. I guess that speculation is over though, I mean we have seen the price skyrocketed after the approval of Bitcoin Spot ETF and there are even those who said that's already price in, but I think otherwise.

But base on the votes, there are still members who are cautions, and thinks that there could still be reversal to happen. Although we've seen when the price goes to $61k. But I guess they are waiting for a big correction, one leg down before the block halving. But it seems that this have been invalidated already and there will be no major correction. On the contrary, the price could continue to go up in the $70k'ish this month.

Bitcoin officially surpassed $70k yesterday but then quickly dropped below $70k. It can be said that we have officially created a completely new cycle and things are becoming more unpredictable than ever. As for whether bitcoin will have any major corrections before or after the halving. We need time to answer because you and I or anyone else are just making our own predictions, no one has evidence to say that what we say will definitely happen.

Personally, I would still wait for bitcoin to drop below $50k again to collect the cheap bitcoin one last time.

[danadc]

The feeling of many in these moments without seeing many indicators must be one of expectation because the ATH that is at any moment can go much higher, I don't know how much, and I don't know if there will be another ATH at this time, but it is very possible that those Those who did not take advantage of buying cheap must be sorry , but as I say, if the lowest price that the ATH is , They should buy, they are on time, it is the last chance, because when it starts to go up more it will be quite a feat, I really have always I thought that things are Better if we do it this way, the mistake that many make is that most people always do things the other way around and with their emotions, and that's bad.

The general feeling is one of expectation and hoping for the best because many are waiting for the good new ATH, we must also be gullible, just as it can go up it can go down, that cannot be ruled out.

[LogitechMouse]

Check this chart out.  Lolol really?  That's like one of the best runs I've seen of Bitcoin from an optics pov.  Is it really going to an all time high this month?  Can't believe it's happening tbh.  Sorry if I sound dumb rn.  I'm at a loss for words...

Based on Coingecko, we already have a new ATH at $69,427.72. Some said that it reached the $70,000 price already, but I didn't so.. yeah.

TBH, I'm not surprised that Bitcoin's price will surge, but what I didn't expect is the fact that Bitcoin's price is near its ATH already, and the halving event isn't finished yet. Don't be sorry for yourself OP because I am also surprised at what's happening with Bitcoin in these past few days. I really expect that Bitcoin will stay at $50,000-$60,000 this month, but I didn't expect that it will try and surpass its past ATH, and will try to reach the $70,000 price range.

Fortunately, many sellers near the ATH's why we aren't seeing its price staying above $69,000. My prediction though is that, whenever those sellers are gone, many buyers will come and try to buy near it's ATH, but based on history, Bitcoin's price will be going down after the halving event.

[justdimin]

As these monthly polls are mostly just a form of sentiment checkers in the forum, I'll limit the choices to just yes or no again.  And it would help if you post your thoughts itt.  

Check this chart out.  Lolol really?  That's like one of the best runs I've seen of Bitcoin from an optics pov.  Is it really going to an all time high this month?  Can't believe it's happening tbh.  Sorry if I sound dumb rn.  I'm at a loss for words...

I feel like the most important part of the march period will be something that could change a huge amount. I am not saying it will go up, maybe it will go down but it feels like we are talking about something that could be huge, so it should not really be a shocker to anyone at all. I think the best we can do would be just considering what we have, and not really end up making big changes.

I hope to just focus on whatever the price will go towards, whatever movement it is, I feel like it could be huge. We may see 80k+ suddenly, we may see under 60k suddenly, both seems like quite possible in the end. I believe that we should be considering the deal to be a bit more like just quick big movements, direction is not that important.

[tokeweed]

^  With the way things are happening as they are now, it would be far fetched to think something like going below 60k don't you think?  It's like setting yourself up to take your money out of the market and leave a lot more on the table for being too cautious.  Dunno...  But it's prolly a good decision if taking some money off now makes you feel better about the trade.

Anyway here's what the poll looks like so far...  I will be locking it on March 15, so if you haven't voted please do if you want.  Stay safe out there guys...

[Marvell1]

... but based on history, Bitcoin's price will be going down after the halving event.

Bitcoin broke history by creating an ATH before the halving so I think it is no longer correct for us to continue to rely on history to predict what will happen next. But I also think bitcoin has a sharp correction ahead, it won't happen this month or next. But after the halving ends, when people start to believe in the story that bitcoin will continue to grow stronger, that is also when the entire market will have a correction. But we should not rule out the possibility that bitcoin will continue to increase in price without any major correction occurring.

[bangjoe]

... but based on history, Bitcoin's price will be going down after the halving event.

Bitcoin broke history by creating an ATH before the halving so I think it is no longer correct for us to continue to rely on history to predict what will happen next. But I also think bitcoin has a sharp correction ahead, it won't happen this month or next. But after the halving ends, when people start to believe in the story that bitcoin will continue to grow stronger, that is also when the entire market will have a correction. But we should not rule out the possibility that bitcoin will continue to increase in price without any major correction occurring.

The more logical reason is that miners will withdraw their profits, after all they need to take profits for their mining operations, and yes they need money to live, some old holders are the same, who collect bitcoin in 2022-2023 will also sell their bitcoin after the peak price they have targeted has been broken.

And yes, the name of the market mechanism is not healthy if there is no correction, precisely the continuous increase indicates a market that is not normal, that's what's on the mind now, but maybe that happens after halving after all retail enters the market, and we will buy again during the second accumulation period after halving and forming the ATH of the 4-year bitcoin cycle, that's if based on history, but what might this cycle be different from previous cycles, who knows right.

[pawel7777]

Bitcoin broke history by creating an ATH before the halving so I think it is no longer correct for us to continue to rely on history to predict what will happen next. But I also think bitcoin has a sharp correction ahead, it won't happen this month or next. But after the halving ends, when people start to believe in the story that bitcoin will continue to grow stronger, that is also when the entire market will have a correction. But we should not rule out the possibility that bitcoin will continue to increase in price without any major correction occurring.

Hard to say. It's too soon to say that Bitcoin's cyclical price actions are things of the past. We had a huge, new factor added to the mix in the form of spot ETFs, but I think the upcoming halving will also play a big role in shaping up the price. If we don't see any major correction soon, the effect of the halving (even if it's mostly psychological as some claim it to be) could magnify the effects of ETFs and elevate us to much higher levels.

But it's inevitable that the 4-year cycles will go away eventually, that could mean that we won't see massive rallies again, but could also mean no 80% drops afterwards, and we could have a steadier but consistent growth.

[FinePoine0]

^  With the way things are happening as they are now, it would be far fetched to think something like going below 60k don't you think?  It's like setting yourself up to take your money out of the market and leave a lot more on the table for being too cautious.  Dunno...  But it's prolly a good decision if taking some money off now makes you feel better about the trade.

Anyway here's what the poll looks like so far...  I will be locking it on March 15, so if you haven't voted please do if you want.  Stay safe out there guys...

Looking at the voting potential and supporting, I think the market will reach more bullish peaks. Because it is already proven that Bitcoin market 73.3K is the highest ever price touched. Prior to the halving I could never have imagined a price that is currently possible, so at current prices if Bitcoin prices wait until 2025 it will surely reach a 6 figure price which is more likely to be up to $150k.

[BALIK]

^  With the way things are happening as they are now, it would be far fetched to think something like going below 60k don't you think?  It's like setting yourself up to take your money out of the market and leave a lot more on the table for being too cautious.  Dunno...  But it's prolly a good decision if taking some money off now makes you feel better about the trade.

Anyway here's what the poll looks like so far...  I will be locking it on March 15, so if you haven't voted please do if you want.  Stay safe out there guys...

Looking at the voting potential and supporting, I think the market will reach more bullish peaks. Because it is already proven that Bitcoin market 73.3K is the highest ever price touched. Prior to the halving I could never have imagined a price that is currently possible, so at current prices if Bitcoin prices wait until 2025 it will surely reach a 6 figure price which is more likely to be up to $150k.

I also voted "no" but the fact that bitcoin did not correct this month or will not correct soon is not because it broke history by making an ATH before the halving, it is not a signal for us to follow. In my opinion, with the money flowing into the market every day through ETFs, I think funds are continuing to want to buy more than sell. So this month or before the halving we will still see bitcoin grow and make a higher ATH.

Given what's going on, I expect the highest ATH this bull season will be $200k or more. ATH under $200k is actually a pretty modest goal for me.

[Claymore2]

In my view, April could signal the onset of the halving period, potentially leading to a slight dip in the market. This dip might offer an opportunity for increased market activity post-halving. While the timing remains uncertain, we could expect heightened volatility and more frequent pump events following the halving.

[pawel7777]

Bitcoin broke history by creating an ATH before the halving so I think it is no longer correct for us to continue to rely on history to predict what will happen next.

I've been saying the same thing. I think Bitcoin's cyclicality was largely overrated as a reliable indicator to begin with, but now when we have all that unprecedented demand from ETFs, the game has changed significantly. The pattern has already been broken, so anything can happen from here.
I think I'm sure that halving will still have a big effect on the price (either directly or as a psychological factor) but I expect we could reach the peak much sooner than before.

(...) But I also think bitcoin has a sharp correction ahead, it won't happen this month or next. But after the halving ends, when people start to believe in the story that bitcoin will continue to grow stronger, that is also when the entire market will have a correction. But we should not rule out the possibility that bitcoin will continue to increase in price without any major correction occurring.

I think *some* correction is almost guaranteed, just by virtue of huge number of retail investors declaring their willingness to sell when the perceived top is reached. I don't think individual investors purchasing ETFs will act any different in this regard.

[tengui]

Bitcoin price is very likely to peak in March. As the price of Bitcoin has already touched 65.6k dollars it will touch 70k by this March which will create an all-time high. Those who are still without investment in Bitcoin, participate in investing quickly. There is still plenty of opportunity to benefit, as Bitcoin will break the new 2021 record and set a new March 2024 record.

so you mean the highest price of bitcoin in the current bullish period is only around $70k? that means it is only $5k above the previous ATH because the 2021 ATH is around $65k. no problem, but in my opinion the current price is still too low. I think in the current halving period bitcoin will at least reach $100k.