BTC Sentiment Poll for May

[virasog]

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.

I think we also need to see how quickly we reach to the 85k or the 90k levels because if we see the bitcoin price in the weekly time frame then it shows a bearish price actions,  all of these move is just in the anticipation for a lower low. So there are two scenarios I see for the month of May.

The first one is that the bitcoin price slowly keep on rising so by the end of the month we are on a higher price, higher than the price we ended up for the month of April. The second scenario leads to the condition where bitcoin makes a lower high and then started dumping and this could lead to a bearish price action.

[nara1892]

The question is, what will the Bitcoin price be like until the end of May? I just opened Coinmarketcap and tried to analyze it to the best of my ability. I saw that the Bitcoin price is currently at $81,600. I analyzed using a one-week timeframe and there I saw a strong upward trend, with bullish candles with thick bodies dominating. I also used the trend line indicator to spot a breakout, and as you can see in the image below, the trend line has been successfully broken. Furthermore, a doji candle (marked with a red arrow) has formed, but it failed to reverse. This could be an indication that the price is on a strong upward trend.

So, I quite agree with the OP's opinion that Bitcoin will remain above $80,000 throughout May, and my prediction is that there will likely be a slight correction when the price reaches $93,700.

[yhiaali3]

Yes, it seems that large investors have returned to buying strongly, as estimates indicate that in just two days, nearly $1 billion entered ETF funds. Another reason in my opinion, is the calming of tensions in the Middle East and talk of an imminent agreement between the United States and Iran.

Regarding the possibility of the upward momentum continuing until the end of May, I believe it is possible and I think the most likely scenario is that we will see $85k soon if the flows and the cooling-off continue.

[Furious 7]

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 looks like the sentiment about geopolitics as well as inflows for ETFs are still quite influential for bitcoin's current rise and there is no need to wait until the end of the month to reach $80K as currently even $82k has been met.

For long term holders this should not be unusual but on the one hand it is a good signal that the bull run is coming back for now after the bearish run we are on a good path.
But for those who are trading this should be watched out for fake outs and they should really position well now.
I just don't want to get too far into it especially for now my focus is still in the buying phase so regardless of the temporary price that is happening now I will just continue to buy with the money that I have prepared in the DCA that I always do.

[bubilas]

Sentiment in the crypto market has improved significantly. Bitcoin is holding above 80K.
The obvious driver of growth is inflows into crypto ETFs. Over three trading sessions in May:
BTC ETF +$1.6 billion. This is essentially a continuation of the April reversal after a weak March: institutions have returned to regular buying on pullbacks and are in no hurry to exit their positions. BlackRock and Fidelity continue to generate the bulk of volume.
Major buying began back in the 65K-68K range, and profit-taking at current levels is logical to expect.
Therefore, inflows may slow, and BTC will slow its growth or consolidate. Alts have seen a resumption of inflows, but they are still weak.
A further decline in the DXY and Treasury yields will be positive for crypto.

[GreatArkansas]

How Bitcoin pumped during the first week of May for me is already a sign that we will be bullish for the rest of the year; this sign is the one I was waiting for since last month.
So for me, I'm confident that the next stop is $100,000. It's just a matter of time. I want this to be more healthy, so no rush.

[Awaklara]

For long term holders this should not be unusual but on the one hand it is a good signal that the bull run is coming back for now after the bearish run we are on a good path.

I am still not sure about the changes in trends that are happening. The market still seems to move slowly, even though there will likely be increases that we will tend to see. 
We can see, Bitcoin reached $82k, but now it has slightly dropped below $80k. It's not a surprising movement because we have seen similar situations last month. 
I think until the end of this month, Bitcoin can still hold at the price level of $80k-$85k.

[Furious 7]

For long term holders this should not be unusual but on the one hand it is a good signal that the bull run is coming back for now after the bearish run we are on a good path.

I am still not sure about the changes in trends that are happening. The market still seems to move slowly, even though there will likely be increases that we will tend to see. 
We can see, Bitcoin reached $82k, but now it has slightly dropped below $80k. It's not a surprising movement because we have seen similar situations last month. 
I think until the end of this month, Bitcoin can still hold at the price level of $80k-$85k.

But at least for now the support and resistance points are different because there is an increase even though maybe the bitcoin movement is still in sideways but of course this still provides a good thing for a much longer future progress of course.

At the moment it is possible that we could go back to $80k-$78k as support before continuing the rally or if the possibility is deeper then $75k could be further support but I am still quite optimistic even though at the moment we are again feeling a temporary decline but in the long run it will still be a very good thing.  But to say this month the movement is very slow and remains at $80k-$85k I would personally agree with that.

[WIYO1]

I think we also need to see how quickly we reach to the 85k or the 90k levels because if we see the bitcoin price in the weekly time frame then it shows a bearish price actions,  all of these move is just in the anticipation for a lower low. So there are two scenarios I see for the month of May.

Your observations indicate that if Bitcoin can reach 85k-90k quickly, it will indicate whether there is actual buying strength or just an intermediate low relief rally. The weekly time frame still appears to be cautious and several traders believe a new lower low will be established prior to the beginning of what would be a legitimate bullish recovery. Depending on how May plays out, it could be a defining month in the long-term direction of the market.

The first one is that the bitcoin price slowly keep on rising so by the end of the month we are on a higher price, higher than the price we ended up for the month of April. The second scenario leads to the condition where bitcoin makes a lower high and then started dumping and this could lead to a bearish price action.

In today’s Bitcoin market, both are possible. In the event that the price rises at a slow rate and closes May at a higher position than April, this would help build further bullish continuation of the market and create more buyer confidence. On the other hand, if the market creates a lower high before it begins to decline again, it would indicate weaker buying momentum and lead to more bearish pressure on the market in the near term.

[AprilioMP]

How Bitcoin pumped during the first week of May for me is already a sign that we will be bullish for the rest of the year; this sign is the one I was waiting for since last month.
So for me, I'm confident that the next stop is $100,000. It's just a matter of time. I want this to be more healthy, so no rush.

A close at $80,000 in the first week. Setting $100,000 as the next price target makes perfect sense given the current market conditions.
I don’t want to jump to conclusions and declare this a bullish signal until the end of the year because things could still turn around. $80,000 has become a solid support level, but I feel that it just needs time, and this is the real possibility.

[tokeweed]

^  Remains to be seen if 80k really becomes a 'solid' support level.  I'd like to see BTC go up above 83k then go back down and touch 80k to see what's really up.  But as of now 80k could be resistance...  BTC is at 79.6k after touching a tad over 82k. 

Poll says BTC is gonna stay above 80k by the end of the month.  I would've voted for it too if I was gonna vote.

[Ayers]

How Bitcoin pumped during the first week of May for me is already a sign that we will be bullish for the rest of the year; this sign is the one I was waiting for since last month.
So for me, I'm confident that the next stop is $100,000. It's just a matter of time. I want this to be more healthy, so no rush.

I think that relying only on the development in the first week of May and concluding this is a signal that the market will be bullish for the rest of the year is somewhat premature. Because the market is very volatile and constantly changing. We do not even know what will happen tomorrow, let alone further down the road.

Bitcoin has risen from $60k to $80k and is still showing sign of continuing to climb higher. However, there is no guarantee that this is a sign of a bull market and not just a temporary recovery.

[Strongkored]

How Bitcoin pumped during the first week of May for me is already a sign that we will be bullish for the rest of the year; this sign is the one I was waiting for since last month.
So for me, I'm confident that the next stop is $100,000. It's just a matter of time. I want this to be more healthy, so no rush.

A close at $80,000 in the first week. Setting $100,000 as the next price target makes perfect sense given the current market conditions.
I don’t want to jump to conclusions and declare this a bullish signal until the end of the year because things could still turn around. $80,000 has become a solid support level, but I feel that it just needs time, and this is the real possibility.

At the end of the year, everyone knows whether it's bullish or bearish.
I'm pretty sure Bitcoin will be bullish this month, but it will correction next month.
We often see this happen after a few months of bullishness, then a correction, but hopefully it won't be deep enough to bounce back.
By the end of this month, I predict the highest price will be $85,000-$90,000.

[Aanuoluwatofunmi]

What is the month of May, if you expect the market to remain around $80,000 and this should be what will continue to happen until the end of it, it is possible we also try to make some move to go above $80,000 and close to $90,000 but there could be a strong resistance that will prevent this from happening, while I don't think that the market can fall down below $80,000 this time around and even next month.

[Zoomic]

What is the month of May, if you expect the market to remain around $80,000 and this should be what will continue to happen until the end of it, it is possible we also try to make some move to go above $80,000 and close to $90,000 but there could be a strong resistance that will prevent this from happening, while I don't think that the market can fall down below $80,000 this time around and even next month.

There are a lot of possible fundamental in the news that is capable of keeping bitcoin above $80k even if it cannot push it higher than that,
TBH, I no longer understand the market that I have thought that this will be the period of blood bath as we are in the middle of the bear market, but the whole thing is not correlating.

I am just dumbfounded and following the market sheepishly because this is no longer the market I used to know. The institutions have changed everything.

[Popkon6]

How Bitcoin pumped during the first week of May for me is already a sign that we will be bullish for the rest of the year; this sign is the one I was waiting for since last month.
So for me, I'm confident that the next stop is $100,000. It's just a matter of time. I want this to be more healthy, so no rush.

By the end of this May, we will definitely see more improvement in the price of Bitcoin, because in the current situation, the price of Bitcoin broke the $80k level yesterday. But after some time, it returned to $81 again, so we can see the price of Bitcoin improving gradually and the level is getting stronger.
So of course, in the following months, we can expect the most signs of improvement in the price of Bitcoin, but even if it does not touch $100k by the end of this month, the price of Bitcoin will enter above the $90k level. In the following months, we will definitely see positive signs in the price of Bitcoin.

[Don Pedro Dinero]

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

Looking at the YDT chart, it seems that the dip at the start of the year has come to an end and we are heading towards the $90K–$95K range, where we should encounter resistance. The most recent reason would be the improved outlook regarding the conflict in Iran, but the problem is that we know any complication, or any move by Trump, could send the price plummeting in the blink of an eye.

[coinrifft]

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

Looking at the YDT chart, it seems that the dip at the start of the year has come to an end and we are heading towards the $90K–$95K range, where we should encounter resistance. The most recent reason would be the improved outlook regarding the conflict in Iran, but the problem is that we know any complication, or any move by Trump, could send the price plummeting in the blink of an eye.

It might not be an easy path to $90k though. The first resistance is going to be $85k. We are currently still at $80k'ish so there are still a lot of money that needs to go into the market before we can see that kind of range that you are predicting.

Although I think it's because of the clarity act that everyone is expecting to be approved this May. And it could be the single factor to see the price going to $85k. So let's see, May seems to be very bullish up to this point.

[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?

Looking at the YDT chart, it seems that the dip at the start of the year has come to an end and we are heading towards the $90K–$95K range, where we should encounter resistance. The most recent reason would be the improved outlook regarding the conflict in Iran, but the problem is that we know any complication, or any move by Trump, could send the price plummeting in the blink of an eye.

It might not be an easy path to $90k though. The first resistance is going to be $85k. We are currently still at $80k'ish so there are still a lot of money that needs to go into the market before we can see that kind of range that you are predicting.

Although I think it's because of the clarity act that everyone is expecting to be approved this May. And it could be the single factor to see the price going to $85k. So let's see, May seems to be very bullish up to this point.

Maybe not easy but its possible. For many good discussion and speculations now happening, we might see Bitcoin will gain more momentum then it reach unto that goal. Although the question is on when does that $90k will get achieve by Bitcoin since even by know we are not sure and we only holding on its possibilities.

What's good at current situation is Bitcoin still sitting at $80k level, so the chances for Bitcoin to reach that $90k in figures still possible to happen. Who knows maybe that will happen this month.

[tokeweed]

The poll is 23 for Yes and just 2 guys for no.  I don't think we've seen this high of a gap before.    Which prolly means that a lot of you guys have bought and gone long BTC. 

If the price does stay above 80k this month, I think I got a good idea for the next poll.