BTC Sentiment Poll for April

[tokeweed]

There you have it folks, a green month!  Some hope after months of down only.    So I guess I just wanna do a sentiment check for this poll.  It's a simple question but one that forces all of us to look stupid either way. 

Anyway, here's the chart.  It looks kinda like it bottomed.  But dunno..  I'll leave up to you guys.  Lolol.

[Karl_3000]

April started very bad with what is happening on April 2nd which is today, the market has continued to fall. What I think will happen this month is that the market will later increased but may not go above $70000. Also I do not think the price of bitcoin is going below $60000. We are in bears month but they may not fall the price further at a strong support of $60000.

[free-bit.co.in]

Yes, after five consecutive months of decline, BTC ended March in the green, up about 2%. This is a rather modest increase, but at least it is better than a continued decline. However, the war situation remains very tense, and inflation is showing signs of rising again as oil prices show no signs of cooling down. I also do not expect Bitcoin to outperform this month.

As for whether Bitcoin has bottomed out yet, or whether $60k will be the bottom, I have no prediction. But I believe we are very close to the bottom. I mean, even if it drops to $60k, the chances of it falling any further are very low.

[Nwada001]

A green month by expectation, but in reality this month of April is going to give us a totally different thing from what we have long expected; the entry of April shows a blood month introduction.

We hope it gets better, but from what's visible on the chat we should be prepared to face an even worse drop from the previous months. Bitcoin down to $60k is very much possible this month; it could even go below unless there is a shift before the second phase of the month.

[Eternad]

Your chart shows a grave stone doji that usually signals as bearish rather than bullish which means it’s not a bottom based on this specific technical analysis.

The price is already dumping now after showing some early recovery. Trump is conditioning the world that Iran war might near to end which make the price pump hard if this truly happened.

Without a big good news, I think the price will just keep swinging.

[Mrbluntzy]

It's a simple question but one that forces all of us to look stupid either way. 

Indeed, we can speculate on price based on fundamental and technical analysis but what ever direction we thought price will go can end up being the wrong prediction, how ever we could be right sometimes too. My prediction is that there's no turning point this month until the previous candle wick for the month of February is swept. If the market stretch below, it's going to go below $60k and that what I think will happen this month, the price might get to $55k and we are going to end the month in red.

[Smack That Ace]

There you have it folks, a green month!  Some hope after months of down only.   

Indeed, it is quite a fragile hope because Bitcoin ended March with only a 1,81% increase, according to Coinglass . But overall, that increase is still much better than other assets like gold or stock. Gold fell more than 12%, while the SP500 index declined slightly. However, it is not yet time to celebrate or become complacent because the war is not over, and everything could be reversed at any moment.

Has Bitcoin bottomed out yet? I think not, and I voted "Lower". I believe in the 4 year cycle, and we have not even finished the first quarter yet, and the macroeconomy is still fraught with uncertainty. It is too early to say that Bitcoin has hit bottom.

[Nathrixxx]

Yes indeed, this month of April has to be a bullish one, but this is not to ascertain that we are going out of the bear season, but there is a likely possibility that we emerge with full support to 70,000 and above before any further correction could set in.

One of the reason why we can be sure of this happening soon is on how the month of March ended, which should give us an indication on its own that something more bigger and better should come in for April, and it is more better than we have it this way and then later experience more bullish, so it's an opportunity for those that wanted to invest to enter the market, buy and hold before it start pumping.

[Popkon6]

At the beginning of this April, there are signs of a slight dumping of the Bitcoin price, do not take this dumping sign as a negative, but rather take it as a positive because an opportunity to buy Bitcoin has been created. The price of Bitcoin was above 70K dollars in March and currently it has touched 66K dollars, but the possibility of the price of Bitcoin falling below 60K dollars in this April is very low.

 Brothers, do not panic and take the opportunity to buy Bitcoin, and I think the price of Bitcoin can touch above 70K dollars this wee
Bitcoin prices are well under control, so both new and old investors can take advantage of the current situation and it's the perfect time to hold for the long term..

[PostQuantumBTC]

At the beginning of this April, there are signs of a slight dumping of the Bitcoin price, do not take this dumping sign as a negative, but rather take it as a positive because an opportunity to buy Bitcoin has been created. The price of Bitcoin was above 70K dollars in March and currently it has touched 66K dollars, but the possibility of the price of Bitcoin falling below 60K dollars in this April is very low.

I have noticed this about bitcoin in the past, the month will begin as if the price of bitcoin is falling but later the price will start rising and the month can end very good. Also there are months that will begin very good but end in falling of bitcoin price. Let us see if this will be what will happen but I still think that bitcoin price may go above $70000 but fall back below $70000 the same month.

[NeuroticFish]

There you have it folks, a green month!

I don't deny it was green. But just. Allright, at least it was not red. But really... how much it was in the green for real, some $2k?...

It looks kinda like it bottomed.  But dunno..  I'll leave up to you guys.  Lolol.

We will know only in a couple of months if it indeed bottomed. But this war makes the predictions awfully difficult.
I do hope for a bit more of going up, maybe $10k, but it may be too much of wishful thinking. I'd see what the TA people have to say: are we out of crypto winter already? I guess not...

[Oshosondy]

I'd see what the TA people have to say: are we out of crypto winter already? I guess not...

Bitcoin will have to fall which will trigger heavy buying to begin the bull market but I do not know when this will happen.

I check the chart but it is very hard to know if the bear market has ended. Do not believe in anything anyone tell you, we do not know right now but nearest happenings will let us know. I am referring to how the candles are moving.

From the monthly chart, it is showing as if bitcoin can get to almost $60000 again or a price slightly above it or below it. The worst thing that can happen that I am seeing is that bitcoin can get to $52500, but from what has happened in the past, this is not likely going to happen.

The lowest price I think for now is $57000 as I am expecting a bear market which will break the $60000 before higher upper green candles creation.

But the worst is that bitcoin is not going below $52500. What I guess is that bitcoin is not going below $57000.

As for the bear market is over or not over yet, it is not yet over even if bitcoin move above $72800.

[EluguHcman]

A green month by expectation, but in reality this month of April is going to give us a totally different thing from what we have long expected; the entry of April shows a blood month introduction.

Yeah, investors whose investment plans is approaching within the close range will as well crave for greenish market as we clocks into the month of April, the only enticing market event phase should be a rebound of price to steam their confidence to achieve their goal at their expected timeframe.

It had become unfortunate that what is expected is not what the market is portraying within the period of which if this unpleasant signal that is Kickstarted with the month of the April continues, it is definitely going to disrupt those sets of investors plans on prolong.
However, this form of bloody market phase as some of you may call it is basically interesting moments for accumulating of Bitcoin.

We hope it gets better, but from what's visible on the chat we should be prepared to face an even worse drop from the previous months. Bitcoin down to $60k is very much possible this month; it could even go below unless there is a shift before the second phase of the month.

The price is had only be traded a least of $66K since the month which previous month had seen worse, therefore I am Speculation that we might see worse compared to the previous months at the bottom since the $126 ATH or it takes us a surprise to the green light.
Anything can happen as long Bitcoin remains volatile.

[aylabadia05]

There you have it folks, a green month!  Some hope after months of down only.    So I guess I just wanna do a sentiment check for this poll.  It's a simple question but one that forces all of us to look stupid either way. 

Anyway, here's the chart.  It looks kinda like it bottomed.  But dunno..  I'll leave up to you guys.  Lolol.

On a topic related to this poll, I’ve already shared my view that this April won’t be much different from March. Prices are expected to trade in the range of $65,000 to $70,000.
Last April showed a green box on the monthly return chart, but looking at the current situation, I remain confident in my speculation that there won’t be much difference in prices between March and April.
If we consider all possibilities, anything could happen—including a drop below current prices—and that wouldn’t surprise me at all.
That’s my take on it, OP.

[retreat]

It's quite difficult to predict Bitcoin's movement this month. Well, we saw some positive momentum at the beginning of the month, but it's not certain that this positive movement will continue until the end of April. There's still a possibility that we might see a deeper correction, given the global geopolitical situation, which could influence market sentiment and make it bearish. But I think that even if we do experience another bearish trend this month, Bitcoin's price won't drop below $60k, as that level has become quite strong support.

[Churchillvv]

Firstly, why are there 4 votes only with over 13 replies?!! Now 5 including mine.

Anyways I voted bottom because believe we have seen the bottom but just like you said we might look stupid at the end of the day. It could go down deeper or it could be the bottom already but from the look of things I guess we might see a little up move, just a minor one that will probably last for the rest of the month since there is no major event in the globe right now except there is a break of some sort of emergency that could bring us back.

[Ndabagi01]

It actually looks like the market bottomed after touching a support zone below. Despite this, the candle printed is an indecisive one in my opinion which makes us not to come to conclusion that this new month will go all bullish. We may even witness the market at the end of the month printing the same candle and remain consolidating again and yet to find the exact direction the market was suppose to follow. One needs to be convinced beyond reasonable doubt to fall for the market going to even end the month in a bullish position, it doesn’t look so for now, but we shall see how it gets to be overtime within the month and when it’ll come to an end.

[coinrifft]

Not to be the doom and gloom person here, but I voted for Lower. I think the price could still go down this month. Historically this month is not good to us. And with the noises still with us, the conflict in the Middle East and even if Trump says that the war is going to end in the next couple of weeks, it will still have a negative impact to the price. So I wouldn't be surprise if the price goes <$60k or even lower. We've already wiped out the positive candle we have in March, in the first 3 days of April we are already in the -2.x%.

[cryptomaniac_xxx]

Yes, after five consecutive months of decline, BTC ended March in the green, up about 2%. This is a rather modest increase, but at least it is better than a continued decline. However, the war situation remains very tense, and inflation is showing signs of rising again as oil prices show no signs of cooling down. I also do not expect Bitcoin to outperform this month.

Yes, but that rise last month is very small and if you compare. So we just barely survived March and say that we are out of the bearish signal was wrong in my opinion. As you have said, the war is still ongoing, every nation is impacted negatively by it.

As for whether Bitcoin has bottomed out yet, or whether $60k will be the bottom, I have no prediction. But I believe we are very close to the bottom. I mean, even if it drops to $60k, the chances of it falling any further are very low.

We will have to see then, but base on what I'm seeing and the sentiments, maybe we are in the bottom and this month will be in another sideway pattern or will not be moving around the $65k-$66k price range.

[avp2306]

Not to be the doom and gloom person here, but I voted for Lower. I think the price could still go down this month. Historically this month is not good to us. And with the noises still with us, the conflict in the Middle East and even if Trump says that the war is going to end in the next couple of weeks, it will still have a negative impact to the price. So I wouldn't be surprise if the price goes <$60k or even lower. We've already wiped out the positive candle we have in March, in the first 3 days of April we are already in the -2.x%.

Yeah this is what I think going to happen for now, since its like its really hard to see Bitcoin will go up knowing that there's a crisis happening. But if government will eliminate those situation that can possibly cause market shock maybe there's something good to look forward this month.

But still hoping to see greens this month and Bitcoin will hit or recover at least at $75k.