BTC Sentiment Poll for March

[Marvell1]

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.

Yes, that's really difficult to say because the future is unpredictable. But I will no longer appreciate the halving because we have already mined more than 95% of the bitcoins and only a few percent of the bitcoins remain unmined, so I think the impact of halving is not as big as before. I feel people are relying too much on the past and it has become a habit that is difficult to change, and we always thought that the halving would help bitcoin prices increase because the supply is increasingly scarce. But we don't look back that out of 21 million bitcoins, we have mined 19 million bitcoins, leaving just over 3 million left, which is not a very large number. Everything has completely changed and we will soon have to accept and adapt to it.

[1715062055]

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[1715062055]

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[pawel7777]

Yes, that's really difficult to say because the future is unpredictable. But I will no longer appreciate the halving because we have already mined more than 95% of the bitcoins and only a few percent of the bitcoins remain unmined, so I think the impact of halving is not as big as before. I feel people are relying too much on the past and it has become a habit that is difficult to change, and we always thought that the halving would help bitcoin prices increase because the supply is increasingly scarce. But we don't look back that out of 21 million bitcoins, we have mined 19 million bitcoins, leaving just over 3 million left, which is not a very large number. Everything has completely changed and we will soon have to accept and adapt to it.

I understand where you're coming from and you're not wrong, but there are many other factors at play that will decide on how the market will behave. Just like the 2020 halving had x2 lesser effect than the 2016 one (in terms of block reward), but the price went x3.5 above that of the 2017 pump. The price is mainly shaped by the dynamics between the supply and demand. If there was an equilibrium at certain level, then slashing the supply even a little bit could drive the price up a lot.
Despite almost 94% of bitcoins being already mined, having 468 less bitcoins mined each day is still not trivial. And we still have psychological factors (and self-fulfilling prophecies) on top of that. I'm fairly optimistic, but yeah, anything can happen.

[dezoel]

I mean April seems to be a better month to expect a huge rise. It is clear that March isn't half bad in some years, but has some bad years too but April usually had good years, doesn't mean it never had bad years but it mostly didn't, it was mostly good time to invest.

So I am guessing, even though we may see a correction in march, it could also recover and go beyond at April as well. So many years when price went lower at March and yet recovered and went so much higher during April. I am not saying do this, but expecting the price to fall this month, then buy, and hold all through April, and if possible maybe even May, could make you some profit. I could also be wrong and maybe you will make a loss, there is no guarantee at all.

[KingsDen]

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...

Bitcoin of wonders in the month of wonders. I have marked March and it seems to be a month of wonders. I could remember something spectacular had also happened in match last year. I voted that there will be reversal. There's no how the price will spike in such a manner and continue in upwards trend. It will have to cool off at some points and consolidate to build up again. But in general, it's gonna be a good year all through.

I mean April seems to be a better month to expect a huge rise.

Something different could happen immediately after halving, just like as it did immediately after ETF approval.

[tokeweed]

^  So if it's gonna be a good year then the reversal you're expecting is not a real reversal?  A reversal means the end of the trend and it 'reverses' to an opposite trend.  :/

But yeah...  Seems like it's not over yet.  Look at the chart, switch to monthly and check out the previous candle body high.  It looks like it's gonna be immediate support folks.  It's not over yet.

Edit:

[Hallroom]

In March, the price of Bitcoin rose to an all-time high of 73K. Currently the greatest ever and set a new record. And from there the price has moved down to 62 now which is a pattern of the beginning of Halving. Because it will create opportunities for investors to gain success and profit if the price rises later.

[Uhwuchukwu53]

Crashes come when people start looking at the chart and saying to themselves "this can't possibly continue!"

These just the major issue of many failure or falling if many dreams and life pursue if human, when the spirit of doubt,fear and double minded which makes man unstable enter it deminishies achievements.

The best is the allow the supreme power called faith to control everything, the faith is the first though that it will be a success that second thought saying are you sure is that doubtful spirit of failure. I don't look much on chart after drastic decision because much on it may linger to such double minded.

[STT]

57k to 73k roughly for March range and its done well in recovering today from the lows at about a monthly average roughly.    So now its back to the weekly average and slightly negative by that measure, I assume we establish a sideways range.   Eventually 50 day average will catch us up, its about 57k at the moment so that trajectory is moving us into April hence I think March doesnt lead us anywhere especially for the moment.

[Kemarit]

57k to 73k roughly for March range and its done well in recovering today from the lows at about a monthly average roughly.    So now its back to the weekly average and slightly negative by that measure, I assume we establish a sideways range.   Eventually 50 day average will catch us up, its about 57k at the moment so that trajectory is moving us into April hence I think March doesnt lead us anywhere especially for the moment.

Yes, just surprised again to see the price going into $68,000. I didn't check much of the price, last time I checked and I'll be honest that I was shocked is when the price nose dive to $62,000. But it's obvious that recovery is on the way now and so $70,000 will be the target of the bulls at least at the end of this month.

It did lead us to $73,000 for this March, so that's all good. But if we question if we can achieved higher prices, remains to be seen. The market is still volatile as this, anything can go. We still have like 10 days to go so if we remain positive, then maybe can breach that price without problems.

[teamsherry]

When this thread opened many people said that March would be bullish and some said it would be bearish but bitcoin has thought us a lesson that it has always been teaching, I'm fucking unpredictable, no one can actually predict with accuracy the outcome of bitcoin price unless for sure there are some facts that revel such .

[Kemarit]

When this thread opened many people said that March would be bullish and some said it would be bearish but bitcoin has thought us a lesson that it has always been teaching, I'm fucking unpredictable, no one can actually predict with accuracy the outcome of bitcoin price unless for sure there are some facts that revel such .

Yes, it's volatile and unpredictable, but it doesn't mean that we will not make our speculations on what is going to happen this month. And this is the beauty of Bitcoin I must say, everyone is very opinionated, maybe it could be wrong and others are mocking, while there are some members, respected one who shares their TA and yet we can go against them and argue.

But as far as the goes today, $65,000 is still very fine. Above this price and we will be ok entering the block halving. And as we reach new all time high prior the halving itself, who knows, this bull run is going to be another surprise to us.

[dansus021]

To be honest by looking at your chart on monthly candles kind of makes me nervous hahaha why it is because there is no single correction for a 6 month strike  Tho I still like it when Bitcoin reaches its new all-time high but my heart is now at fast-paced hahaha maybe at the moment the best things is to sell some of profit but not all and make those profit to buy more when there is a correction after it.

After almost 2 year hit by the bear market now the bull is trying to fight for its legacy. Long Live Bitcoin 

[FinePoine0]

In March, the price of Bitcoin rose to an all-time high of 73K. Currently the greatest ever and set a new record. And from there the price has moved down to 62 now which is a pattern of the beginning of Halving. Because it will create opportunities for investors to gain success and profit if the price rises later.

This is what I think is the highest rise in Bitcoin price right now before the halving. Because there are only 25 days left for the halving to take place, Bitcoin halving will take place in April.  If the current price of Bitcoin does not drop, investors will not have the opportunity to buy Bitcoin before the bull run begins. So now is the best time to buy Bitcoin because from here the bull market will confirm Bitcoin price to 150k dollar in 2025. But I think 73.6K dollar is the highest price increase for Bitcoin this March.

[tokeweed]

To be honest by looking at your chart on monthly candles kind of makes me nervous hahaha why it is because there is no single correction for a 6 month strike  Tho I still like it when Bitcoin reaches its new all-time high but my heart is now at fast-paced hahaha maybe at the moment the best things is to sell some of profit but not all and make those profit to buy more when there is a correction after it.

After almost 2 year hit by the bear market now the bull is trying to fight for its legacy. Long Live Bitcoin 

Yeah the monthly chart tends to look that way.  But it isn't true that BTC isn't having any corrections tho.  Switch to weekly and you'll see some and there's a lot more at the daily chart.  We're having one correction right now come to think about it.  Lol.  But I get what you're saying, it does look scary. 

We prolly see our fears happen on April before the halving then up only?  What do you guys think?  I feel like it has to go down before it could go back up.

[EarnOnVictor]

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.

Yes, that's really difficult to say because the future is unpredictable. But I will no longer appreciate the halving because we have already mined more than 95% of the bitcoins and only a few percent of the bitcoins remain unmined, so I think the impact of halving is not as big as before. I feel people are relying too much on the past and it has become a habit that is difficult to change, and we always thought that the halving would help bitcoin prices increase because the supply is increasingly scarce.

You have some good points and I agree with most of them, but it is not in all of them, especially in the aspect of the reason stated to back your points up with facts that you have solid backing for them. It's true that Bitcoin could be getting harder to predict, yet, it is predictable especially if you shun the side attractions, especially online and the tradition but focus on the technical analysis and current happenings that are verifiable and impactful. They can be very useful this time and will avoid issues for the investors. Our Charts Don't Lie unless we read them wrongly.

Like you, I do not expect much from this year's halving, but the reason you have is different from mine. Your reason regarding the little left to mine is not so genuine since it was also a little left to mine in the last cycle but see what Bitcoin did? I believe the having is beyond what Satoshi meant it for with the latest happenings, it is now a tradition where people bring in money to buy Bitcoin. Whether miners have mined up to 99.99%, that tradition will not die. That's how people think and behave, they see it beyond the mere economics of scarcity that Satoshi planned for it.

Regardless, my fear now is that Bitcoin has done what it has never done before in the past cycles with the way it performed recently. I doubt if a lot would change this time.

[justdimin]

To be honest by looking at your chart on monthly candles kind of makes me nervous hahaha why it is because there is no single correction for a 6 month strike   Tho I still like it when Bitcoin reaches its new all-time high but my heart is now at fast-paced hahaha maybe at the moment the best things is to sell some of profit but not all and make those profit to buy more when there is a correction after it.

After almost 2 year hit by the bear market now the bull is trying to fight for its legacy. Long Live Bitcoin  

Yeah the monthly chart tends to look that way.  But it isn't true that BTC isn't having any corrections tho.  Switch to weekly and you'll see some and there's a lot more at the daily chart.  We're having one correction right now come to think about it.  Lol.  But I get what you're saying, it does look scary.  

We prolly see our fears happen on April before the halving then up only?  What do you guys think?  I feel like it has to go down before it could go back up.

I would guess that looking back at 2020, which was the year for last halving, and if you look at from January to may levels, you will see that it started with an up, then went down, then went only bit of up not a lot, and stayed there for months, before ending the year with a new ATH.

I think we could "expect" a sideways market right away for months and months, before start going back up again at October to November period, and break ATH and just keep going up more and more until it peaks. That seems like the previous one, but remember, it didn't break ATH until December last time, it broke ATH during March this time, so there is a big difference between last time and this time.

[kotajikikox]

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...

the march is near to end bu looks like we are not going to see a reversal instead what I can see here is that  the opportunity to break ATH again before halving is there .
we have seen so much this march but the bitcoin action is not stopping here as it is continuously showing changes from here and there and from the whole market with altcoins as well.

[lepbagong]

This is what I think is the highest rise in Bitcoin price right now before the halving. Because there are only 25 days left for the halving to take place, Bitcoin halving will take place in April.  If the current price of Bitcoin does not drop, investors will not have the opportunity to buy Bitcoin before the bull run begins. So now is the best time to buy Bitcoin because from here the bull market will confirm Bitcoin price to 150k dollar in 2025. But I think 73.6K dollar is the highest price increase for Bitcoin this March.

Even though it has now reached $70K again and will be approaching the highest increase in mid-March, it seems I agree with your opinion that this March there will be no change. That is when the price was the highest and there will be no further increase. The increase will occur after passing the upcoming halving period, and it may not be at the beginning but perhaps in May and later, until the second new ATH will be formed. I agree that at this time, if you really want to buy bitcoin or wait after the halving, there could be a correction again. It all depends on you. In principle, buying and holding now is the right time because the ATH may surprise you later.

[GeorgeJohn]

A big challenge for Bitcoin to sustain its momentum until the halving and as expected by many, reversal/correction are more likely to happen. Bitcoin has to stabilize for now because it pumps that much already. The halving is about to happen, and the usual cycle is that the price dumps before the halving so this might happen and we might see it this Month of March. This will be crucial for the crypto market but looking at the current trend, we are still heading to the big bull.

Despite that the price of bitcoin is unpredictable, I believe that any neither positive or negative can happen in cryptocurrency especially in bitcoin towards price, the price can interchanges at any given time. Its clear that whenever you are purchasing Bitcoin you should try to consider the market value or market price, so from my own understanding towards market of bitcoin it shows that bitcoin price is not trustable because it will rise now and fall in the next minute, so the pumping up of bitcoin price doesn't not call for any attention or awareness.

Provided that April is likely goin to be the month for the halving to happen, we can say of this present moment that we may experience a little more dip along the month in other to have an opportunity for the market performance after the halving, though we cannot be accurate about when this is going to begin, but we are going to see more of these after the halving that the market becomes more volatile and pumping than before.

Nobody predicts bitcoin values because since all this why many people have been predicting that halving of bitcoin will be this month and after all we will not experience the halving, that is while I'm saying sometimes our predictions deserve some people who is new in Bitcoin and it happens that when we expect bitcoin to have a good sharp the price will not have a good shape.

I expect a reversal before the halving and then a real push above the last ATH a couple of months after.

This is not based on any technical analysis, just my speculations following events of previous halvings. We usually will have a heavy dip, followed by a period of sideways movements and then some price spikes.

Actually at this moment bitcoin is having a green color and I believe that for bitcoin to have a green color currently the price is skyrocketing to another, technically, two weeks ago the price of bitcoin decreases and every one who is into long-term investment became astonished in cryptocurrency market, right now the market is gaining its ground.

[Fara Chan]

the march is near to end bu looks like we are not going to see a reversal instead what I can see here is that  the opportunity to break ATH again before halving is there .
we have seen so much this march but the bitcoin action is not stopping here as it is continuously showing changes from here and there and from the whole market with altcoins as well.

I also think that Bitcoin can still penetrate ATH again before the halving occurs because currently Bitcoin is starting to return to a price of more than $70K. So this could provide a new opportunity for Bitcoin to make ATH again this month and it would also be an extraordinary history for Bitcoin because in one year it could make twice the ATH before the halving. But if that doesn't happen to Bitcoin, I think the current price is also good enough to have an important effect on all other cryptocurrencies in the market because now altcoins have also risen again.