BTC Sentiment Poll for May

[Lamkuthang]

I’m speculating that the price will be sideways from 49K to 60K for this month.

I'm just waiting for the reality to see whether it will break 75K for May  or even fall back below the current price of $65K what just happened at this time.

[Bravut]

Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.

OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.

[STT]

Put a green tick on your May end chart, today was an important day.   More then just a 7% rise, the wider implication is that we have broken a series of over a month of repeated decline.

The high today exceeds the prior highs which were in a long series of lower highs.   When we continually slip down the ladder it can mean we end up falling off and ending sharply lower.    Today is at least lighting the touchpaper to a change, its the beginning of a maybe alteration to what could have been a certain negative.

I do expect more sideways but even in my pessimistic view it does mean sideways not down, effectively its a good day for near and medium term.    The daily bar needs to confirm, today, tomorrow and not reverse or leave an open spike behind.

The entire weekly bar is ideally the real gold measure for a proper move more then the guessing we so often have to do.   End April we had something akin to a hammer looking candle, that is just a bullish reversal.

A move down which fails can lead to positives, I think of it as like elastic a good rebound; today may help to confirm that.  A singular moment of movement is not so important but a combination can develop to become a locomotive :p  

 Dont over cook that thought though because its never certain, confirmation comes with time & additional price action.  Volume today was not massive from what I see.

[FinePoine0]

I’m speculating that the price will be sideways from 49K to 60K for this month.

I'm just waiting for the reality to see whether it will break 75K for May  or even fall back below the current price of $65K what just happened at this time.

Bitcoin Price This May The Bitcoin price is very likely to break past records.Maybe touch up to 74k dollar, as Bitcoin will move towards a bull market. Because investors have given enough opportunity to buy bitcoins, now the price of bitcoins is only starting to rise.

[fullhdpixel]

Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.

OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.

Price is always within the $60k range even if we already entered a new month which is May. We only pass the first half and there are no signs yet of taking off. With that analysis of mine, I don't agree with you that we can hit $73k this month, however the second thing that you said can be true because we are not far from it.

It is also normal that after an increase, there will then be a decrease. I don't totally know what you mean by the word respect in terms of BTC price but I think there is no respect there if BTC will just drop right after hitting them. It's not its fault though but it is only following the system that is designed by its developers.

[rodskee]

I’m speculating that the price will be sideways from 49K to 60K for this month.

I'm just waiting for the reality to see whether it will break 75K for May  or even fall back below the current price of $65K what just happened at this time.

we are all waiting but  i am not expecting anything soon instead I am for the run of accumulating
as long as I can readying for what will happen sooner.
now that the market is showing improvement ? i believe that there will be something coming anytime
soon , if this is the beginning of the bull then we must be ready and keep tight guys.

[btc_angela]

Put a green tick on your May end chart, today was an important day.   More then just a 7% rise, the wider implication is that we have broken a series of over a month of repeated decline.

Yes, just surprised to see the price crossing $66k and the good news is that we still have like 2 weeks this month. And if this bullish sentiments continue till the end of May, who knows, maybe $70k'ish is still possible.

Dont over cook that thought though because its never certain, confirmation comes with time & additional price action.  Volume today was not massive from what I see.

I know, but there are still possibilities that this could be a start of a good run at least for this month and then we will see how it goes this coming June. We are not sure though what news comes around that pushes this price to go up by more than 7% and that is unusual as we have been trading sideways for this month.

[Bravut]

Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.

OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.

Price is always within the $60k range even if we already entered a new month which is May. We only pass the first half and there are no signs yet of taking off. With that analysis of mine, I don't agree with you that we can hit $73k this month, however the second thing that you said can be true because we are not far from it.

It is also normal that after an increase, there will then be a decrease. I don't totally know what you mean by the word respect in terms of BTC price but I think there is no respect there if BTC will just drop right after hitting them. It's not its fault though but it is only following the system that is designed by its developers.

Bitcoin isn't following any system by developers, it solely depends on demand and supply running in a financial market. We can't say a financial market is made up of developers and that's what you mean.
Mate, we are dealing in a market when it comes to Bitcoin prices not Technology.

I meant price respecting those zones, if you follow through you will be clear that means price moving as anticipated.

The market is unpredictable yeah, but price creates a roadmap which we follow combined with past and present Data.

[wxa7115]

Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.

OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.

Price is always within the $60k range even if we already entered a new month which is May. We only pass the first half and there are no signs yet of taking off. With that analysis of mine, I don't agree with you that we can hit $73k this month, however the second thing that you said can be true because we are not far from it.

It is also normal that after an increase, there will then be a decrease. I don't totally know what you mean by the word respect in terms of BTC price but I think there is no respect there if BTC will just drop right after hitting them. It's not its fault though but it is only following the system that is designed by its developers.

One of the things with bitcoin is that everything can change in a matter of hours, just a few hours ago I could have agreed with your prediction as 73k looked to be very far away.

But suddenly the price grew at a fast speed, and now the bulls have several days just to make the price of bitcoin to increase 2k so we can touch 73k again, demonstrating once again that anything can happen and we must prepare ourselves for any scenario, no matter how unlikely we may think it could be.

[Falconer]

-snip-

One of the things with bitcoin is that everything can change in a matter of hours, just a few hours ago I could have agreed with your prediction as 73k looked to be very far away.

But suddenly the price grew at a fast speed, and now the bulls have several days just to make the price of bitcoin to increase 2k so we can touch 73k again, demonstrating once again that anything can happen and we must prepare ourselves for any scenario, no matter how unlikely we may think it could be.

You are right, I agree with your opinion. Prices can change at any time, so of course we have to be prepared for everything. Market sentiment can change at any time and this is very possible when there is a lot of positive news influencing it. Just like you said, suddenly the price rose before the month closed and now the price of bitcoin has formed new support at $70k which was previously resistance.

Basically we have been or are preparing to expect huge price increases, of course. The halving passed last April, so now waiting for price increases is best done patiently. If the price of bitcoin can stay above $70k for some time, then it is very possible to expect a new ATH even before the end of May.