BTC Sentiment Poll for May

[tokeweed]

April ended being a good month again...  Nice!  If I were to vote in this poll, I'd def vote that BTC would stay above 80k at the end of the month.

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

[SatsPH]

Let me break the ice, I voted for Yes. We are just a shade of $80,000 right now, just a little push and we are going to breach it already. Last couple of months seems to be good to us as if there are no conflict in the background (US/Israel vs Iran).

And there might be some good news along the way like Clarity act getting approved by the end of this month. If that happens, then we will be bullish. Of course there are macro factors playing like the US interest. But overall, I think the market is really to take off to maybe $85,000.

[Dave1]

I don't know, it looks like bullish, however, I will still be cautious as we might be at the consolidation phase.

We all know that breaking round numbers are very hard even when we are in the bull-run. We might break $80k, but it might have have the momentum to sustain it's run for this month. Or if we did break it, how many of us are going to take profit?

And if then happens then the price might go down again.

[Karl_3000]

Bitcoin got to $80000 15 minutes after you posted this topic, so I expect everyone to choose yes because bitcoin has already gotten to $80000 already.

But the second question which you asked about if bitcoin will stay above $80000 before the month passed, I am not sure because bitcoin has only gotten above $80000 just ones but it got back below a little.

The third question which is about what is driving the price, I do not think any news is driving the price. There are period that nothing will drive the price but the price will go up.

[Orpichukwu]

The month of May started very well, with Bitcoin touching $80k today before dropping down a little; it's a sign that it's breaking out from whatever has been keeping it below that.

I still expect the market to stay within the $80,000 level before the end of the month; even if it falls below that, it will get back to it again.

I can't see more news which is pointing to the reason for this move; all I could see is that the stock also saw some new level this week; it probably might have something to do with the ceasefire agreement between the US-Israeli vs Iran war.

[fuguebtc]

Bitcoin got to $80000 15 minutes after you posted this topic, so I expect everyone to choose yes because bitcoin has already gotten to $80000 already.

But the second question which you asked about if bitcoin will stay above $80000 before the month passed, I am not sure because bitcoin has only gotten above $80000 just ones but it got back below a little.

Of course, we can not be certain about that because Bitcoin is volatile and unpredictable. However, with Bitcoin reaching $80k despite global geopolitical tension, further price increases are entirely possible.

The third question which is about what is driving the price, I do not think any news is driving the price. There are period that nothing will drive the price but the price will go up.

This is true. Bitcoin is influenced by macroeconomic and geopolitical factor, but there are also times when it operates according to its own internal cycle. The market does not always need an event or news to be driven.

[AprilioMP]

April ended being a good month again...  Nice!  If I were to vote in this poll, I'd def vote that BTC would stay above 80k at the end of the month.

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

It turns out it’s already at $80,600, even though when I checked the market yesterday, the price was still at $78,000. This is a good move, even though it’s still the first week, and I expect it to be at $80,000 by the end of the month—and if it goes higher, it won’t exceed $85,000.

I can’t really explain what’s causing this rise, though some speculate that major players are starting to make their buying moves.
Generally speaking, this is likely due to increased demand in the market.

[Smack That Ace]

I can't see more news which is pointing to the reason for this move; all I could see is that the stock also saw some new level this week; it probably might have something to do with the ceasefire agreement between the US-Israeli vs Iran war.

If you check crude oil future, you will see that oil prices have fallen compared to previous day. Currently, oil prices are trading around $100 after multiple reports indicated the US Navy will begin assisting in the release of ships stranded in the Strait of Hormuz starting today.

If we pay attention, we will see that since the war broke out, bitcoin, stock, and gold have consistently trended in the opposite direction to oil. I think this might be the news that impacted the market, though I can not say for certain.



https://gulfnews.com/world/mena/trump-announces-project-freedom-escorting-ships-through-hormuz-iran-reviewing-us-response-to-14-point-proposal-to-end-war-1.500527841

[DanWalker]

Bitcoin ended April with an 11% gain and is still showing positive signs, having strongly surpassed the $80k today. So I think there is no reason to think negatively at this time.
I voted "yes," and unsurprisingly, everyone else shared the same opinion.

However, I want to remind everyone that the "sell in May" curse is still there. We shouldnt get too excited and overly optimistic without caution, because the market can still reverse at any time.

[Agbe]

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

April ended well. And the way it has started the Month of May, things will be at the positive side. The Month as clearly notified the general public that it will be a good month and I also believe that the rate will be above $80k. Only today it has hit $80k so the next target now is the $81+k. You are not far from the truth. The secret Whales are accumulating more bitcoin as it is low to refill their wallets.

[avp2306]

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

April ended well. And the way it has started the Month of May, things will be at the positive side. The Month as clearly notified the general public that it will be a good month and I also believe that the rate will be above $80k. Only today it has hit $80k so the next target now is the $81+k. You are not far from the truth. The secret Whales are accumulating more bitcoin as it is low to refill their wallets.

It gives hopes to those people thinking about long bearish trend will continue.

For claiming that $80k seat that shows some positive sign that there would be more on Bitcoin.

What actually became more exciting part here is, many talk about Bitcoin strategic reserve and it seems this time there's good chance that big countries could successfully set it up. Then possible more demand will came on Bitcoin. So with that I'm going to predict that Month of may will going to be a bullish season again on Bitcoin.

[Minor Miner]

What actually became more exciting part here is, many talk about Bitcoin strategic reserve and it seems this time there's good chance that big countries could successfully set it up. Then possible more demand will came on Bitcoin. So with that I'm going to predict that Month of may will going to be a bullish season again on Bitcoin.

Is this true? Because since Bitcoin has dropped from $126K down to $60K, and the market has entered a bear phase. I hardly ever hear anyone talking about strategic bitcoin reserves anymore. We should temporarily set aside the idea of ​​a strategic Bitcoin reserve because it is unlikely to happen in the near future.

Regarding predictions for May, we can expect Bitcoin to continue rising. But do not forget that there are currently no signs that the bear market is over. So, let's hope Bitcoin continues to rise higher this month, but do not set your expectations too high.

I also voted yes.

[Asiska02]

I may be a bit late here but I would have still voted for YES that bitcoin will reach $80K this month which it did reached in the early hours of today, and would remain above that by end of the month. The price may currently be trading less than $80K but that doesn’t mean that it’ll stay below $80K till end of the month.

For the price to reach $80K and break above it is a very big sign that Bitcoin has broken through the resistance level and may continue to come back and break above it in the coming days of weeks. The bullish sentiment still looks to be active, I’m waiting to see the reaction within this zone before the end of the week to further have a confirmation of why it’ll stay above that price by end of the month.

[Fiatless]

I may be a bit late here but I would have still voted for YES that bitcoin will reach $80K this month which it did reached in the early hours of today, and would remain above that by end of the month. The price may currently be trading less than $80K but that doesn’t mean that it’ll stay below $80K till end of the month.

For the price to reach $80K and break above it is a very big sign that Bitcoin has broken through the resistance level and may continue to come back and break above it in the coming days of weeks. The bullish sentiment still looks to be active, I’m waiting to see the reaction within this zone before the end of the week to further have a confirmation of why it’ll stay above that price by end of the month.

With the end of the US-Iran war not in sight, I would have voted NO. But I had to first check the price of Bitcoin before making my contribution and discovered that it had already hit $80,000. It's like the market responded positively to the news of a temporary de-escalation, which has helped reduce the price of oil. We might see Bitcoin hitting a high if there is a permanent ceasefire in the Middle East. But traders would have to be cautious now because the market could move in any direction within a short period.

[SquallLeonhart]

Being the only person who said No is weird lol. I do not think that it will stay above 80k, in fact I think that it will even go under 70k, which I am sure is even more of a big no in this topic, considering people not only think it will stay above 70k but think it will stay above 80k which its not even above it right now. That's fine though, I have been swimming against the current many times before, so this would not be the first time.

I believe the four year cycle is a reality and while the war has made it postponed a bit, the world will get back to being the bear year once more just like every four years, so we will see it start going down again.

[Btcdeybodi]

April ended being a good month again...  Nice!  If I were to vote in this poll, I'd def vote that BTC would stay above 80k at the end of the month.

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

The price reached $80k today, it is a sign that this month will experience an uptrend movement. The month of April couldn't appreciate much, maybe May will become more bullish because it's been a long time since the price crossed $80k but for it to achieve that today means we should be expecting a green market anytime soon. I think the recent uptrend came as a result of inflows probably by institional ETFs and again global geopolitical tension has reduced so the market ought to be impacted positively.

[Churchillvv]

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

By the end of the month bitcoin will be up not above 90k but within 85k- 89k. The fact that we can look at is that we have now had a less tension intentionally, the wars have now been left in the hands of the countries fighting and the economic changes it causes have been adopted or people have now adapted and now ignores every news that is raised from there which is the reason why April seem to have had better up than previous month because in the end of April people already gave up.

Now we are going to see if any tension will be raised again but if none then we will just have bitcoin move at its pace, not forced up or down.

[Popkon6]

This May is a better month for Bitcoin and the most suitable month for Bitcoin price to increase. Comparing the last few months, Bitcoin price has touched $80k in this month of May, but if we see Bitcoin price trending upwards like this, then Bitcoin price is likely to touch $100k in the middle quarter of this month. Because we are seeing huge demand for Bitcoin,
Bitcoin will definitely see the most improvement this month. Because the war has been on hold for the last few days, and if it remains on hold for a longer period of time between Iran and the US, then Bitcoin price will definitely show signs of further improvement.

[laspol65]

April ended being a good month again...  Nice!  If I were to vote in this poll, I'd def vote that BTC would stay above 80k at the end of the month.

But what do you guys think?  And what do you guys think is causing the uptrend?  Are the big guys finally starting to buy?

Bitcoin price has been improving steadily since April, and this May, the price of Bitcoin has shown signs of further improvement. The current price is now at $79.8K, but in this first week, Bitcoin touched $80.7K. Although we have already seen a slight decline, the price of Bitcoin will again move towards $90K. We will see the impact of this improvement at any time, but right now the price of Bitcoin is moving towards its highest record. However, we can definitely see it moving towards the highest high in the meantime.

[tokeweed]

Bitcoin got to $80000 15 minutes after you posted this topic, so I expect everyone to choose yes because bitcoin has already gotten to $80000 already.

But the second question which you asked about if bitcoin will stay above $80000 before the month passed, I am not sure because bitcoin has only gotten above $80000 just ones but it got back below a little.

The third question which is about what is driving the price, I do not think any news is driving the price. There are period that nothing will drive the price but the price will go up.

It already hit 80k a few minutes before I started the poll.  And that's exactly why the poll asks if 80k holds until the end of the month or if it's a fake out.

But it looks like the sentiment is really good rn.  I hope the price action now continues for a couple more months.  I guess we could say that we deserve it after months of waiting,.   

Stay safe out there guys.