BTC Sentiment Poll for February

[Wind_FURY]

As the market already hit above $70,000 and stops at $71,700 and also fall down to around $67,000 that has made us not to figure out in which direction the market may take for the next week coming, if the market falls further, then $71,000 may be its resistance, but if we realize bullish move this coming week, then $70,000 will be the support zone while the market can rise to around $78,000 while we can choose to make our own research by ourselves on what to expect further any moment from now, because the market is already in it's decision making stage to either rise or fall.

There's a higher probability that Bitcoin will be making mini-surges, then larger mini-crashes, like it was doing during the Bear Cycle in 2022, no?

 

But we will NEVER actually know. What's actually more important is to know what to DO during the DIP, and knowing what to DO after your bids are filled after the DIP.

Buy the DIP, and HODL.

[Taskford]

As the market already hit above $70,000 and stops at $71,700 and also fall down to around $67,000 that has made us not to figure out in which direction the market may take for the next week coming, if the market falls further, then $71,000 may be its resistance, but if we realize bullish move this coming week, then $70,000 will be the support zone while the market can rise to around $78,000 while we can choose to make our own research by ourselves on what to expect further any moment from now, because the market is already in it's decision making stage to either rise or fall.

There's a higher probability that Bitcoin will be making mini-surges, then larger mini-crashes, like it was doing during the Bear Cycle in 2022, no?

 

But we will NEVER actually know. What's actually more important is to know what to DO during the DIP, and knowing what to DO after your bids are filled after the DIP.

Buy the DIP, and HODL.

And I agree with what you have said since market would provably thrives on those surges happen than with those mini crashes happening in the market. The tricky part is not about prediction those movement, but rather on how people position on those situations, Buying when there's a dip occur is good, but they also need discipline to make it happen.

What people need to realize is that they should not panic and sell because they are scared and much better they hold their horses then stay relax even if other people is panicking. To HODL is not only a word since this shows how people have good discipline and know how to manage the risk they are facing.

[Powerjumboo]

The monthly polls are back after skipping January as I already said a month or so ago.  

Anyway, just by looking at the monthly chart, I don't think BTC has had 4 red monthly candles in a row before.  So I'm thinking 5 red monthly candles should be very unlikely right..?  

But what do you guys think?  Will Feb end in the green or in the red?

I thought the market would increase a lot after seeing the price of Bitcoin in January, but as we enter February, we see a situation in the Bitcoin market where it doesn't seem like we will be able to end February with a green candle. We haven't seen such a dumping in the past one or two years as we did in February. Many have made positive predictions about this month of February, but we are seeing an exception. However, from my personal prediction, I can say that this month of February will end in the red.

[dansus021]

My sentiment is neutral to bear

well I vote negative Just want to say brace for impact atleast for now the saylor line at 78K level already broke. 



this is a daily timeframe bitcoin worst case 60K and I do believe there are a ton of people waiting that level. Im okay if bitcoin hit that price, but a lot of people will cry or having a heart attack when the price touch 40K

[tokeweed]

Oh wow...  So you guys think this thing still has a chance to be in the green at the end of the month or are we really gonna see 5 consecutive months of red for the first time in Bitcoin's history..?   Not a good sign tbh.

And if it really ends up in the red, can it go for 6 consecutive red monthly candles?  Stay tuned for March's poll folks.  Lol.  That's def what I'll be putting up for a vote.

[ultrloa]

Oh wow...  So you guys think this thing still has a chance to be in the green at the end of the month or are we really gonna see 5 consecutive months of red for the first time in Bitcoin's history..?   Not a good sign tbh.

And if it really ends up in the red, can it go for 6 consecutive red monthly candles?  Stay tuned for March's poll folks.  Lol.  That's def what I'll be putting up for a vote.

If that five consecutive months we see Bitcoin experience bearish season this will provably be historic. Also history shows that when there extended bearish condition it usually been followed by great price rebounds.

We don't know if this month we will end on green or even red, but one thing we should remember that we usually see how great Bitcoin if we hold it for long term. Even if we experience deep red, this will not erase the fact that global adoption still growing and this could drive lots more demand for this coin in future.

[LogitechMouse]

Oh wow...  So you guys think this thing still has a chance to be in the green at the end of the month or are we really gonna see 5 consecutive months of red for the first time in Bitcoin's history..?   Not a good sign tbh.

And if it really ends up in the red, can it go for 6 consecutive red monthly candles?  Stay tuned for March's poll folks.  Lol.  That's def what I'll be putting up for a vote.

I don't think that it will end this month in a green candle just by looking at the candle that has been formed on the monthly chart, but if it will be, it will form at least a dragonfly Doji candle, and if that happens, that could be a good sign because bulls are stepping up to reclaim the momentum.

Will it happen though? Personally, I don't think that it will happen. I mean 4 consecutive months of red candle so let's continue it and make it 5 consecutive red candles. Kidding aside, if there will be a green candle, it will be created next month, and if we will see a green candle from there, that for me is a good sign to enter a short position because that will just be a relief bounce just like what happened in the 2022 bear market where we saw 3 consecutive red candles followed by 2 consecutive 2 green short candles then followed by a series of red candles. If that will happen this year, expect some short green candles at least next month before the market continues to tumble down.

That's just my prediction, and as always, 9 out of my 10 predictions come out as a fail so... yeah. Bitcoin to $50,000 and eventually go $30,000. 

[8rch7]

Oh wow...  So you guys think this thing still has a chance to be in the green at the end of the month or are we really gonna see 5 consecutive months of red for the first time in Bitcoin's history..?   Not a good sign tbh.

And if it really ends up in the red, can it go for 6 consecutive red monthly candles?  Stay tuned for March's poll folks.  Lol.  That's def what I'll be putting up for a vote.

I am not sure yet bitcoin has chance to be in the green at the end of this month how many time bitcoin always easily get faster for correction but need longer time for recovering back to higher price. Last several month maybe raise up to $100k not really difficult yet but in this month just raising up few percent bitcoin get down without few days later. In my prediction likely bitcoin will be difficult break out to $80k and regarding bitcoin downtrend moment raise up to $70k looks possibility.
Its have been longer time since bitcoin dropping under $100k never has chance get raise up back to the higher price, for February I don't sure we can see the green market and the early of this month get show how bitcoin drop drastically under $60k.

[Muba20]

But what do you guys think?  Will Feb end in the green or in the red?

If we follow a chart of the last 7 days, it can be seen that the market was on a slight rise from 63k and it was able to rise to a maximum of 71k but after that, as the buying pressure decreased, the selling pressure increased again due to which the market returned to the bearish movement. In this situation, if we expect positive things from the market, it will never happen as expected. There are still two weeks left in this month and during this period, the market is expected to be very rich and limited to red candles. I think there may be some improvement from next March but I do not expect anything to happen that is too much to expect.

[JeffBrad12]

Oh wow...  So you guys think this thing still has a chance to be in the green at the end of the month or are we really gonna see 5 consecutive months of red for the first time in Bitcoin's history..?   Not a good sign tbh.

And if it really ends up in the red, can it go for 6 consecutive red monthly candles?  Stay tuned for March's poll folks.  Lol.  That's def what I'll be putting up for a vote.

Might be 6 consecutive months of red. On the other hand even if the record is broken best bitcoin could do for this end of month when the market close for the monthly chart is a slight pump to $70k.
The bitcoin's price action in 2022 could be a big help on figuring out the direction of the market. Everybody seems to be using it too.