BTC Sentiment Poll for May

[GeorgeJohn]

You know in this situation it's hard to say that bitcoin price will be at this particular point or not, I know very well that bitcoin as a cryptocurrency is something that have to do with some certain regulations and rotation and you can not stand to say that price of bitcoin will be at this particular price, so bitcoin price in this month of May might reach above speculating values so it depends on the determinate of the market..so I will stand to tell you that nobody knows what tomorrow will yield because is as same in bitcoin..predicting the price of bitcoin is like someone is exaggerating because you don't really know exactly if what you predicted will come to pass or not..so in summary bitcoin is unpredictable currency.

Bitcoin price is always up and down, it is above the support number of the bearish market in April. Because Bitcoin price declines after the halving is the most ideal for investors, investors will definitely express interest in investing if Bitcoin price is within the control of investors. And this is the biggest opportunity to invest before the bull run, so I think it's very likely that the price of Bitcoin will be between $50K and $60.

it is obvious that the price of Bitcoin is not constant as we may think so I know quite well that the market or bitcoin is unpredictable and if bitcoin price increases in the market then something that prompted it to increase it is neither the demand is greater than the supply why if there is a bearish season that means the supply is greater than demand.. so in Bitcoin we cannot say that this is the particular price of it in this particular month because we may predict and the future of Bitcoin interchange it based on adoption experience in that particular month, so I can't stand to say this is exact price of bitcoin in the month of May.

I will go with the current sentiments of most members here: No.

And if you look at May during the last halving of 2021, it was -35% that month. We could be very lucky that we are still -2% and not that big downfall just like the last cycle. And I wouldn't be surprised if the price goes to $50k as the last leg up before we can finally felt the impact of the bull run in June. So just HODL on, and be patience and then just continue to accumulate. There's nothing to do but that kind of investment strategy.

it is possible I don't follow the price people stated or lamented and also speculate I know quite well that as you are bitcoin to increase there is every possibility that the price of Bitcoin might fall or retrace to a certain point that we will not believe the price of bitcoin,  will it be some many people is expecting that the price of Bitcoin will increase why the price can reduce to a point that will astonish them in cryptocurrency there is nothing like accurate prediction because it is something that you and I cannot control it is being controlled by them determinant of the market

[tygeade]

I just voted No for the May disposition of Bitcoin in reaching $75,000, I certainly do not think so. Bitcoin has its own trouble and halving that many rely upon will not be an automatic saving grace as quickly as possible and Bitcoin is facing a whole lot of liquidity issues at the moment (additional capital much enough to breach the ATH) which might tarry for a while more. In case many do not know, it was helped to rise last week due to some factors, which include the FED's Dovisness on Wednesday and the many important news on Friday which later attracted a positive outlook in a short-term disposition, but for how long?

We should be so thorough in our reasoning here and do not think that it will hit the ATH of about $73,850, talkless of moving above it to hit $75,000. I also suspect a scenario where the market will move sideways, it might be moving within $73,850 (ATH) and $56,480 (bottom of the recent fall). A break of either side will announce where the market will truly be biased afterwards, but for now, it is too early to say it will rise or fall.

Nevertheless, unless there is strong news/event that will shake the market, I do not think that $75,000 is feasible, it doesn't have that prospect to garner such liquidity that will make that level to be encouraging in my opinion.

I wouldn't really think that it would be impossible though. I said yes because I think that even if it doesn't happen that doesn't mean that it would be impossible for it to happen. I think it's quite possible for bitcoin to reach 75k because we had a bad April month, so we could have a following up great month as we commonly do. If that is the case then I am sure that we are going to end up with a lot better result eventually.

We shouldn't really be considering the situation we are in any better than what we had or any worse, we do not know what the future holds and we are just assuming what will happen. I am sensing that we are going to do fine and not going to have any issues, but I can't really guarantee something like that.

[EarnOnVictor]

I just voted No for the May disposition of Bitcoin in reaching $75,000, I certainly do not think so. Bitcoin has its own trouble and halving that many rely upon will not be an automatic saving grace as quickly as possible and Bitcoin is facing a whole lot of liquidity issues at the moment (additional capital much enough to breach the ATH) which might tarry for a while more. In case many do not know, it was helped to rise last week due to some factors, which include the FED's Dovisness on Wednesday and the many important news on Friday which later attracted a positive outlook in a short-term disposition, but for how long?

We should be so thorough in our reasoning here and do not think that it will hit the ATH of about $73,850, talkless of moving above it to hit $75,000. I also suspect a scenario where the market will move sideways, it might be moving within $73,850 (ATH) and $56,480 (bottom of the recent fall). A break of either side will announce where the market will truly be biased afterwards, but for now, it is too early to say it will rise or fall.

Nevertheless, unless there is strong news/event that will shake the market, I do not think that $75,000 is feasible, it doesn't have that prospect to garner such liquidity that will make that level to be encouraging in my opinion.

I wouldn't really think that it would be impossible though. I said yes because I think that even if it doesn't happen that doesn't mean that it would be impossible for it to happen. I think it's quite possible for bitcoin to reach 75k because we had a bad April month, so we could have a following up great month as we commonly do. If that is the case then I am sure that we are going to end up with a lot better result eventually.

We shouldn't really be considering the situation we are in any better than what we had or any worse, we do not know what the future holds and we are just assuming what will happen. I am sensing that we are going to do fine and not going to have any issues, but I can't really guarantee something like that.

When it comes to the market matters, there is nothing like Impossibility, anything can happen in the market, and even if we speculate against a thing, we are not perfect about the speculation, neither are we seers, but we are just speculating which doesn't guarantee anything. I said that for you to know that my stance is void of impossibility, the opposite may happen, that's the market for you, no one knows it all. For these, it is a matter of "trying" to expose what the market may do and not possibility or impossibility, this is why I often choose my words carefully when it comes to the market so that I will not be guilty of my own words.

Also, I do not relate to the market based on assumptions and feelings/instincts but based on what I can read on my trading chart and the market psychology at large, which is why I am always constructive in this regard. Though I never called so many strategies and levels out at the time I made the first reply to avoid ambiguity, but still, they were part of my resolve/dispositions, it was just a summary of what I believe the market could do, and most likely, that is what it would do. However, let's mark the support level at $56980 and the low of last week at $56,480. The breach of those levels downwards may not be cool for Bitcoin this month.

[Majestic-milf]

 I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

[Dave1]

I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

Yes, it seems that we are in the sideway pattern again, but it we base on the last bull run cycle after the halving, almost the same movement so no worries. There is a jump to $64k if I'm not mistaken, but it wasn't a sustainable run as it seems to be a fake break out obviously.

But don't be negative if we have a sideway pattern, at least everything is even out as far as buying/selling goes and then the volume. On the other hand, another golden opportunity to continue with our DCA at least for this month.

[Majestic-milf]

I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

Yes, it seems that we are in the sideway pattern again, but it we base on the last bull run cycle after the halving, almost the same movement so no worries. There is a jump to $64k if I'm not mistaken, but it wasn't a sustainable run as it seems to be a fake break out obviously.

But don't be negative if we have a sideway pattern, at least everything is even out as far as buying/selling goes and then the volume. On the other hand, another golden opportunity to continue with our DCA at least for this month.

Presently, Bitcoin is $61,483.47 as at time of writing and if it continues drop, weak hands will start panicking and may want to sell off their coins and at this point any favorable news concerning a positive surge in price is deeply needed by the community.

The month of May is still quite fresh and there's still the belief that a turnaround can occur and while we do not know if there'd be any approval of ETFs that could hasten that process, there might be a whale interested in taking advantage of price but all the same, it's to keep our fingers crossed and hope for something better.

[Yaunfitda]

I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

Yes, it seems that we are in the sideway pattern again, but it we base on the last bull run cycle after the halving, almost the same movement so no worries. There is a jump to $64k if I'm not mistaken, but it wasn't a sustainable run as it seems to be a fake break out obviously.

But don't be negative if we have a sideway pattern, at least everything is even out as far as buying/selling goes and then the volume. On the other hand, another golden opportunity to continue with our DCA at least for this month.

Presently, Bitcoin is $61,483.47 as at time of writing and if it continues drop, weak hands will start panicking and may want to sell off their coins and at this point any favorable news concerning a positive surge in price is deeply needed by the community.

The month of May is still quite fresh and there's still the belief that a turnaround can occur and while we do not know if there'd be any approval of ETFs that could hasten that process, there might be a whale interested in taking advantage of price but all the same, it's to keep our fingers crossed and hope for something better.

Yeah, I think it's all about the excitement of the halving, and then the high fees that follow after that. And now momentarily lull or sideway patterns for this month. We went as low as $57k but bounce back to $63k. And if we have to average it, could be around the current price that we have. It's good though that the weak hands has been shaken again. And what's left is for us regular and average joe investors, just continue to do DCA and just truly invest what we can afford at this fight. Nevertheless, if thee will be a turn around for this month, something positive news should be seen. But so far, none of that has surfaces yet and so investors is on a wait and see attitude again.

[Hallroom]

I voted no as well as I don't really see Bitcoin price reaching even $70k, much less $75k being that it's price is stuck at a particular range, trading at around $62-63k. If anything we'd experience a range of $65-66k before the end of this month but hoping to see it get close to the ATH threshold will be too much of an expectation.

Bitcoin price touched 60k dollar to dollar dollar this May. It touched up to $59k in the same month but didn't last long, Bitcoin price started to rise again in a short period of time. Bitcoin price is currently at $65920, but Bitcoin price is just waiting for the bull run to start.

[Marvell1]

The bullish momentum continues despite the unexpected huge drop the day after the halving event. The chart tells us that the majority remain optimistic and decide to stay holding rather than get tempted by the price.

As long as everyone remains optimistic and continues to hold on, the market will not recover anytime soon. What I learned from previous price increases is that bitcoin will only increase in price when people gradually get discouraged, no one talks about bitcoin increasing in price, hitting new ATH...bitcoin always increases in people's doubts .

What I expect this month is more on the recovery after the short drop but I don't think it able to reach far $70k. While we were surprised about the drop, some also took this as an opportunity to buy which is why the price stopped falling instead, we see it rising again now.

This month may not be the bullish month of the year but I believe, it is all gonna be positive.

I think bitcoin will move sideways over the next few months but will move within a fairly wide range, probably in the $60k$-70k$ area. I also agree with most of the comments here, we won't see a rise in bitcoin prices anytime soon this month but let's zoom out and look at the long term, the market will rise and rise.

[el kaka22]

Maybe I was wrong to pick 75k over, but to be fair it did look like that would be possible, but also we are just 10th right now and something huge could happen as well we do not know. We have like nearly three weeks before the month ends and people are overreacting on the downtrend.

Yes, I agree that it doesn't look great right now and yes I am aware that it is not a great situation, but that doesn't mean that we are going to end up with something that will take some time, it could be very very quick for it to go up as well. This is why we should consider how it could grow bigger and bigger. Of course this is just a situation that is temporary and we may not end up getting anything else out of this if we are careful about it as well.

[STT]

Continual short term weakness, we have failed to surpass the last high so thats a lower high.   To complete the set and convince the wider market we only need to put in a lower low which would be a price point below May 1st low of about 56.7k


We already made a slight lower high at April start so arguably the medium term also is in the frame to tilt downwards.   The recent May high on 6th was just below the 50 DMA which shows actively traders are betting lower, they can proven wrong and speculators reversing their trades can be bullish.  Until forced to alter course BTC has the bias to remain progressively lower I think.

51k is the 200 day average, thats the rough objective.  A while back I mentioned we seemed determined to stay idle until 50 day average came within range; we didnt react and its not moving lower on that average.   Mostly I would label this idle or without power not broken exactly but any argument and failure with regard to the 200 day average is far more serious.   I dont know May is so negative that we get near to 51k, its also true the 200 day is rising upwards so the two will meet in between and it could be next month not now especially.

[Adbitco]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

[electronicash]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

[Adbitco]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

Well there is every possibilities because with the said news can caused a serious pull back in the market knowing too well that the market is mostly and always being driven by news, so for that there is every tendency that 42k could be something we would experienced. Especially the US debate, couple with Nigerian Government fighting against cryptocurrency traders whereby NGN are being delisted on most of the platform could be the cause of this suddenly drop in cryptocurrency market and there more possibilities it could go lower or sideways.

[Yaunfitda]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

Well there is every possibilities because with the said news can caused a serious pull back in the market knowing too well that the market is mostly and always being driven by news, so for that there is every tendency that 42k could be something we would experienced. Especially the US debate, couple with Nigerian Government fighting against cryptocurrency traders whereby NGN are being delisted on most of the platform could be the cause of this suddenly drop in cryptocurrency market and there more possibilities it could go lower or sideways.

We will see then, I thought that the first dip could be at $50k and now they are talking about it going down at $42k? Yes, it's the regulatory framework or the SEC going against exchange like Coinbase or even the flow of ETF's that could affect the price right now. But it's hard to see it goes down to $42k although it's possible, but if we are in a bull run already and every opportunity to see the price goes down below $60k, there could be entities that are going to take and buy some causing the price to at least bounce back. Weekends is already here though, so we might see some slowdown as far as volume goes and sentiments for this month might continue to be bad.

[Adbitco]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

Well there is every possibilities because with the said news can caused a serious pull back in the market knowing too well that the market is mostly and always being driven by news, so for that there is every tendency that 42k could be something we would experienced. Especially the US debate, couple with Nigerian Government fighting against cryptocurrency traders whereby NGN are being delisted on most of the platform could be the cause of this suddenly drop in cryptocurrency market and there more possibilities it could go lower or sideways.

We will see then, I thought that the first dip could be at $50k and now they are talking about it going down at $42k? Yes, it's the regulatory framework or the SEC going against exchange like Coinbase or even the flow of ETF's that could affect the price right now. But it's hard to see it goes down to $42k although it's possible, but if we are in a bull run already and every opportunity to see the price goes down below $60k, there could be entities that are going to take and buy some causing the price to at least bounce back. Weekends is already here though, so we might see some slowdown as far as volume goes and sentiments for this month might continue to be bad.

If you must know all things talks about bitcoin is speculating and no one is certain about it yet except for those news and of a true market is truly volatile and can't maintaining the bull trend.  Another ways to look at it again is, when you look from the bitcoin history you would see that this period is not always the best time bitcoin keep moving on the bull trend rather market could be a bit waving like going sideways.

[electronicash]

I just picked 'NO' because to me judging from bitcoin history we would hardly experience uptrend after halving and for that the market would always move on the sideways whereby it could go a bit high not upto the previous ATH and at some point it would go a bit lower than 60k to 55k till the period ends, i mean this year likely runs out completely before we could see bitcoin closing above $75k, no doubt that we could see it above this price only if there are to be more positive news that could spike the market to create a new wave of having another ATH, and will also like to draw your attention to keep in mind that anything is possible in cryptospace we could wakeup at midnight seeing bitcoin dancing at $100k yes this could be true since no one is sure about the market and its possibilities.

and crypto laws are being debated for now in the US, which will likely affect the price. this is becoming a very cruel market. just today it went up to 63k and 2-3 hours later it dumped to 60k. not that it's surprising but i think it will take time before the price hits $100k. i will not be expecting the price to shoot that high this year.

but i'm seeing what they speculated to happen that it will dip to $42k soon for BTC for it to bounce higher.

Well there is every possibilities because with the said news can caused a serious pull back in the market knowing too well that the market is mostly and always being driven by news, so for that there is every tendency that 42k could be something we would experienced. Especially the US debate, couple with Nigerian Government fighting against cryptocurrency traders whereby NGN are being delisted on most of the platform could be the cause of this suddenly drop in cryptocurrency market and there more possibilities it could go lower or sideways.

We will see then, I thought that the first dip could be at $50k and now they are talking about it going down at $42k? Yes, it's the regulatory framework or the SEC going against exchange like Coinbase or even the flow of ETF's that could affect the price right now. But it's hard to see it goes down to $42k although it's possible, but if we are in a bull run already and every opportunity to see the price goes down below $60k, there could be entities that are going to take and buy some causing the price to at least bounce back. Weekends is already here though, so we might see some slowdown as far as volume goes and sentiments for this month might continue to be bad.

If you must know all things talks about bitcoin is speculating and no one is certain about it yet except for those news and of a true market is truly volatile and can't maintaining the bull trend.  Another ways to look at it again is, when you look from the bitcoin history you would see that this period is not always the best time bitcoin keep moving on the bull trend rather market could be a bit waving like going sideways.

these are all speculations. the slow declining price is just not making making the traders profit and if taking a look at what government is doing about regulations and economy along with the coming election, all points to making price dive deeper.

this is still neccesary i think so we'll see another bottom which could be higher low.

[Smack That Ace]

Maybe I was wrong to pick 75k over, but to be fair it did look like that would be possible, but also we are just 10th right now and something huge could happen as well we do not know. We have like nearly three weeks before the month ends and people are overreacting on the downtrend.

Yes, I agree that it doesn't look great right now and yes I am aware that it is not a great situation, but that doesn't mean that we are going to end up with something that will take some time, it could be very very quick for it to go up as well. This is why we should consider how it could grow bigger and bigger. Of course this is just a situation that is temporary and we may not end up getting anything else out of this if we are careful about it as well.

You're not necessarily wrong in choosing $75k because the market is unpredictable. Everyone is quite bearish after bitcoin failed to recover in April and is now correcting towards the $60K region. I remember last month most people were very bullish and confident that bitcoin would touch $75k but in the end the crowd was wrong. And I hope this time things will repeat, when most are bearish, only a few are bullish, so it's very possible that the market will disappoint the crowd again. There have been many predictions of bitcoin dropping to $52k and you can see in the comments below that some people are even waiting for bitcoin to drop to $42k. I think it's a good sign for us to be greedy when the crowd is fearful.

[tokeweed]

Last call before I lock the poll...  The votes aren't ask skewed as I thought it would be.  I thought it would something like 90% no votes after the disappointing close last month.  But yeah...  It's 8 - 12 rn.  Not bad and nice to see some guys still root for BTC to go above 75k.

BTC looks like it's ready to go up again tho.  Still has 15 days or so.

[YOSHIE]

Will BTC close above 75k this month?

Basically there are many charts that make predictions and speculation about the development of Bitcoin prices for the month of May and the end of 2024, basically everyone has their own opinion and understanding of the charts and their respective beliefs for Bitcoin prices.

Honestly, I don't want to think and speculate too high for Bitcoin in May, I have a trail of opinion that I think is certain, the price of Bitcoin for May, Even though there are no graphs and predictions that can be said to be 100% accurate at least, in my opinion it has a chance to reach that level.
That is, the estimated price of Bitcoin for May is $67,915, not reaching $75k.
Speculation graph that I entrust.


It is likely to touch that level this month/May.