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.

[tokeweed]

Ok guys, we just have a couple more days to go before June poll starts and goes on for a couple of weeks before lock.  The month is prolly ending in somewhat of a disappointment for some people but then look at the monthly chart.  BTC is up 12%.  That's not bad...  Like at all. 

If I were to make a poll today if BTC could break out above 75k and stay above it, most of the guts who vote would mostly prolly say yes.

[FinePoine0]

Bitcoin price pumped once late this May and touched $71,000, though it was a weak green candle. Currently, the Bitcoin market is in a slight downtrend, as time goes on, the green candles will continue to grow. I note that the May 2023 price of Bitcoin was very low and it has pumped to the highest level in the last year. So if we start a bull market then it will definitely increase by two to three times from the current price.

[Dave1]

Bitcoin price pumped once late this May and touched $71,000, though it was a weak green candle. Currently, the Bitcoin market is in a slight downtrend, as time goes on, the green candles will continue to grow. I note that the May 2023 price of Bitcoin was very low and it has pumped to the highest level in the last year. So if we start a bull market then it will definitely increase by two to three times from the current price.

Well we never thought in the beginning that it was going to be weak and not sustainable. And now we know that reason is that it was because of Pizza day that week. And so thee is a some pump on the price, pushing it to as high as $71k and then we thought that it will sustain till the end of the month.

And by now, it's obvious, that it was just artificial and could be manipulated by some groups. Nevertheless, ending this month at $68k is still good and very high in my opinion.  We are still +12% this month so everyone should be happy this May.

[Marvell1]

Ok guys, we just have a couple more days to go before June poll starts and goes on for a couple of weeks before lock.  The month is prolly ending in somewhat of a disappointment for some people but then look at the monthly chart.  BTC is up 12%.  That's not bad...  Like at all. 

If I were to make a poll today if BTC could break out above 75k and stay above it, most of the guts who vote would mostly prolly say yes.

I participated in voting in your 2 threads in April and May and I always expected bitcoin to surpass $75k but I also failed twice. We are just a few hours away from the end of May and bitcoin is trading at $67k. Although not everything did not go as I expected, it was not too bad because many people were pessimistic that May would be a bad month because of the saying "sell in May". Bitcoin did not fall too much this May and I am more optimistic that in June we will soon be booming again. I'm eagerly waiting for your June prediction topic and want to know everyone's prediction about bitcoin.

[Hallroom]

There was a small pump in May, where Bitcoin touched $71K but failed to touch the previous Bitcoin price of $73.6K. But this is basically just a sign of a short bull market, as investors are repeatedly creating opportunities to invest in Bitcoin. So as the price of Bitcoin continues to rise it will be ready to hit the highest price as well.

[Essential10]

Bitcoin price crossed $60k to $71k in May. In the end, the price of Bitcoin did not reach new highs. But towards the end of the month the price continued to fall, currently the price of Bitcoin is at $67k. Bitcoin price goes from $65k by five to six thousand dollars most of the time up and down. I don't know how long this trend will last but I think bitcoin price will increase soon where we can expect $100k by the end of the year.

[CageMabok]

There was a small pump in May, where Bitcoin touched $71K but failed to touch the previous Bitcoin price of $73.6K. But this is basically just a sign of a short bull market, as investors are repeatedly creating opportunities to invest in Bitcoin. So as the price of Bitcoin continues to rise it will be ready to hit the highest price as well.

This is a very normal condition because this condition still shows that the market is not bad at the moment so it still makes investors continue to stick with their own Bitcoin investments and also still opens up opportunities for other investors to invest in Bitcoin. A new ATH can be quite possible to expect this year, but for traders something like that will certainly not be profitable enough for them as long as they still prefer short-term profits and are not too brave in buying Bitcoin at the current price range.

[rodskee]

There was a small pump in May, where Bitcoin touched $71K but failed to touch the previous Bitcoin price of $73.6K. But this is basically just a sign of a short bull market, as investors are repeatedly creating opportunities to invest in Bitcoin. So as the price of Bitcoin continues to rise it will be ready to hit the highest price as well.

well May have just ended and I think OP will be locking this thread any  moment from now and yeah like
what said the ATH did not happen to be broken this May so maybe we need to wait for the last quarter to
see some good action from bitcoin because for now? there seems to be stagnant position in the whole
bitcoin May month movement ,.indeed that we have touched 72k again but that is the highest and then
starts falling to 67k again like what its staying now.

[laijsica]

Another target for June? Pool as of June maybe touch $80k ? Another goal of the OP to follow is when Bitcoin investors all expect more. Holding maximum readiness to break the previous ATH!