BTC Sentiment Poll for November

[coinrifft]

At the very least, it needs to reach $85k first as a catalyst to move toward higher levels. Today, it’s already below $80k, but not by much. To me, this isn’t something to worry about, since the high was $81k and the low was $78k.
Expecting $100k this November isn’t unreasonable, since the gap between $80k and $100k isn’t that wide. The issue is how the market will respond to reaching $100k, given the circumstances and conditions that influence market reactions.

$85k is not a tall order, as we have been in that kind of price range last month and I thought that it will have a good rally to at least reach $90k. But we all know what really happens. Although after the Binance hack, it seems that we have settled down a bit already.

As we touch $80k again, so it's good that we are back in this price range. But still though, if we want to have a good price at the end of the year, then we need to hear some good news, and not that hacks from exchanges or any kind of services.

[YUriy1991]

I have nothing really much to say except that the market has gotten interesting again after getting a bit predictable knowing that it's gonna be the start of a proper bull run.  But with the shenanigans happening in tardfi and with all these hacks, not to mention the biggest crypto heist in history via Binance, everything isn't so sure to be going on a bull run.

Will be see another trend down below 70k?  I'm not really sure...  But I made a simple enough poll to see where the sentiment is rn.

Based on my observations of the market cycle, it seems unlikely that Bitcoin will drop to the $70K level anytime soon. In fact, I see the potential for Bitcoin to climb toward new highs. Investors are currently uncertain about where to allocate their capital while the world is gripped by conflict. Hoarding gold presents significant challenges when it comes to moving or mobilizing assets, and many investors are hesitant to buy stocks, fearing that every business sector could suffer losses due to the war. Consequently, the most logical move is to secure assets by purchasing Bitcoin a shift that will likely drive the price of Bitcoin up.

[MarryWithBTC]

At the very least, it needs to reach $85k first as a catalyst to move toward higher levels. Today, it’s already below $80k, but not by much. To me, this isn’t something to worry about, since the high was $81k and the low was $78k.
Expecting $100k this November isn’t unreasonable, since the gap between $80k and $100k isn’t that wide. The issue is how the market will respond to reaching $100k, given the circumstances and conditions that influence market reactions.

$85k is not a tall order, as we have been in that kind of price range last month and I thought that it will have a good rally to at least reach $90k. But we all know what really happens. Although after the Binance hack, it seems that we have settled down a bit already.

As we touch $80k again, so it's good that we are back in this price range. But still though, if we want to have a good price at the end of the year, then we need to hear some good news, and not that hacks from exchanges or any kind of services.

I am just surprised at the recent price movement even after The Republicants lost their majority seat. I was expecting the market to dump heavily, rather it rather went up.

I do not really understand the market anymore, because it has started dumping now. Does the market select the fundamentals that it will react to?

Inability to pass clarity bill didn't affect the market, binance hack didn't affect the market, Republicants loss didn't also, what then will?

[KawasakiNinja1_]

$85k is not a tall order, as we have been in that kind of price range last month and I thought that it will have a good rally to at least reach $90k. But we all know what really happens. Although after the Binance hack, it seems that we have settled down a bit already.

As we touch $80k again, so it's good that we are back in this price range. But still though, if we want to have a good price at the end of the year, then we need to hear some good news, and not that hacks from exchanges or any kind of services.

Bitcoin came back to $80k it's definitely good to get back to that price range but the market is down to $76000 today so it seems to me the market is 4.51% dumping has taken place. See after Binance hacking maybe it didn't affect the investors much but still the price of this biggest cryptocurrency is still in a downward trend so in this perspective we can assume that positive news will definitely be needed to get a good price at the end of this year but if there is any exchange or hacking then maybe the market will face downward trend again. As far as i know the hacking of Brazil's largest crypto exchange after the Binance hacking may also be the reason for the downward trend in this market.

[BALIK]

Yes, in the current situation, the price of Bitcoin has turned around again, the price of Bitcoin standing in the first week of this November is definitely a positive sign. And I think the price of Bitcoin will move towards 100k dollars in this November, if you see any more special changes at the moment, then you will definitely see it in this November.
Because at this moment, Bitcoin has been able to turn around, I think it will not be too late to be 100k.

Reversal? Positive sign? I reckon you should check market again . CMC just pinged me and BTC dropped below $77k.

My point is, do not jump to conclusion based on few short term price move. Do not use 1H or 2H candles to call the trend for whole month or claim BTC is on its way to $100k either. Moves on small timeframes isn't enough to confirm a trend reversal.

Zoom out, look at the bigger picture, wait for clearer confirmation from the market before making a call.

[Dave1]

Reversal? Positive sign? I reckon you should check market again . CMC just pinged me and BTC dropped below $77k.

My point is, do not jump to conclusion based on few short term price move. Do not use 1H or 2H candles to call the trend for whole month or claim BTC is on its way to $100k either. Moves on small timeframes isn't enough to confirm a trend reversal.

Zoom out, look at the bigger picture, wait for clearer confirmation from the market before making a call.

That was quick drop though, the last time I check it is $80k and now still going down to $75k. So I guess it's a bull trap for us here. Or there could be negative news around that I'm not aware of?

Or it could be just a trap set up again by the bears, and then day traders taking advantage of it by squeezing some profits. It's really hard to predict the market and with that drop, I don't think that November will be a good month to us. It might be similar to October so it's better not to put some high hopes, just saying.

[Shadiq]

The Binance hack did not have a major impact on the Bitcoin market. There was a small drop and it recovered within a few days. I think the threat of a major US attack on Iran had some impact on the Bitcoin market, after the US deadline passed, the Bitcoin market saw a green candle, and the market touched $80k again.

It is not possible to say for sure, my expectation is that Bitcoin will be bullish in November. I do not know the price on November 30, but in November we may see a price above $85k, I hope it can touch $90k.

[Pandorak]

Will be see another trend down below 70k?  I'm not really sure...  But I made a simple enough poll to see where the sentiment is rn.

You can see the daily candle forming today, there is clearly very strong selling pressure. The price which was initially trading around $80k, has dropped significantly to $75k, the candle may close around this price level, as this is a key level, the last line of defense (strong support) and judging by the candle movement, the potential for a breakout appears to be growing.

$66k–$62k is the price range Bitcoin is likely to reach next, this is my analysis based on Price Action, POI & other indicators. Despite all this, i still hope this decline is merely a retracement on the monthly chart before the price continues its upward trend to reach higher levels, that is my hope and likely that of all holders. However, we’ll have to see how the price reacts after touching these critical levels. It’s not impossible that a lower level below $58k could form.

[yudi09]

At the very least, it needs to reach $85k first as a catalyst to move toward higher levels. Today, it’s already below $80k, but not by much. To me, this isn’t something to worry about, since the high was $81k and the low was $78k.
Expecting $100k this November isn’t unreasonable, since the gap between $80k and $100k isn’t that wide. The issue is how the market will respond to reaching $100k, given the circumstances and conditions that influence market reactions.

$85k is not a tall order, as we have been in that kind of price range last month and I thought that it will have a good rally to at least reach $90k. But we all know what really happens. Although after the Binance hack, it seems that we have settled down a bit already.

This is for this month. Last month, the price did indeed reach $85k. For November, my forecast targets a more modest level—starting at $85k—and hopes it can hold that level a little longer than the $80k mark we’ve already seen. Why didn’t I mention $90k? Because the range from $80k to $90k isn’t that wide, and I want a more reasonable target given the current market conditions, which are influenced by global geopolitical and geoeconomic factors.

As we touch $80k again, so it's good that we are back in this price range. But still though, if we want to have a good price at the end of the year, then we need to hear some good news, and not that hacks from exchanges or any kind of services.

If the year-end target is just speculation, why not aim for a higher figure—even if it isn’t reached?

[DiMarxist]

If nothing out of the ordinary happens this month then the price should go back up, break the $80k again and head toward $85k and this time with enough momentum we could enter the next phase of the "leg up" back toward $100k and beyond.

That is true except we see another headline in the world breakout, about war or even one just one statements coming from the world leaders. Bitcoin could remain in this current price range but, in the absence of that this month. hopefully I see Bitcoin moving passed the $80k price range and even possible hit a$100k by the end of this month.

But from the way we are seeing the headlines on the news, I don't see this possibility because, on the international sector there are threats going on which to me doesn't look good. My prediction is that with the current selling pressure that we often see , I will peg the price at $80k this month.

[STT]

I'm holding fire till the 8th with good reason, the volatility is high at this time and we could still recover some of the positive momentum or at least break the negative trend in action right now.
  To be really sure of a break upwards or failure to the downside we need a close above 80k for the week but I'd take price action above 77.7k as a positive still.  Ideally this should mostly be occurring before close of Friday but Sunday counts too  I guess.

Target downside is 73k, its not a great fall in prospect more the loss of hopes higher that is the real loss if BTC confirms negatively.

[Wind_FURY]

I'm holding fire till the 8th with good reason, the volatility is high at this time and we could still recover some of the positive momentum or at least break the negative trend in action right now.

To be really sure of a break upwards or failure to the downside we need a close above 80k for the week but I'd take price action above 77.7k as a positive still.  Ideally this should mostly be occurring before close of Friday but Sunday counts too  I guess.

Target downside is 73k, its not a great fall in prospect more the loss of hopes higher that is the real loss if BTC confirms negatively.

  👍

I believe that if the inflation print on November 10 is lower than the expected numbers, then we might see a surge in Bitcoin upwards to $80,000, the  $85,000 by the final week on the month.

Although, the next FOMC meeting in December might stop the momentum because Kevin Warsh is expected to be hawkish again and may decide for another rate hike.

[Captain Corporate]

I also go bullish with the market price this month of November, considering the way we see the market crossing $81,000 of recent, shows more of the ability to pump further within the month and we are likely going back to $83,000 as the market may appear anything soon, dream that we are being able to have a strong support at $80,000. We should not miss out on anything that might render the market bearish again, as we still maintain the bear season until we are completely out of it; this shows that there could be a fall at any time as well.

Yeah, 80k is too low for it to stay this way; I am sure that it will get better, and it will not last like this. I know that this is not really that easy to handle, but it should not be that great either. We are going to end up doing a fine job; we just need to be careful about it.

I think we should be doing something that would be 90k+ by the end; we have been waiting for that for a while. I guess that as per four year cycle, we are at the verge of end of bearish market and as per last bullish market and timing of ATH, I hoped for end of bearish market earlier than we have speculated but market is not settling down due to negative news and must be waiting for a trigger.

[Jaweria parveen]

If we look at some days of this month, we can see quite a big impact. Bitcoin had already fallen a lot since the election and when the result came, Bitcoin went down even more. I think the sentiment for this month will be from $70,000 to $78,000 because if someone thinks that Bitcoin will come back to $80,000, it is very difficult to think about this idea because this month we will see a separate election in the US regarding Bitcoin and we will also see a good election in January 2027 regarding Bitcoin. If Bitcoin is more affected by Trump, we can see the price of Bitcoin go down further. If the result goes to Trump this month, we can see the price of Bitcoin increase rapidly.

[Leahized]

from the way we are seeing the headlines on the news, I don't see this possibility because, on the international sector there are threats going on which to me doesn't look good. My prediction is that with the current selling pressure that we often see , I will peg the price at $80k this month.

Recently, a significant change has been observed in Bitcoin, but there are no notable specific negative headlines. Bitcoin has failed to reach lower levels as expected after the large crypto exchange hack. The current lower level is range to 74k. However, the controversy surrounding the war-torn situation is unlikely to have a significant impact on Bitcoin. Unless there is a continuous increase in selling pressure at the same time.

I would not describe these events as negative. Because history shows that, downward trends are indicators of a bull season.

[Sobz]

The Binance hack did not have a major impact on the Bitcoin market. There was a small drop and it recovered within a few days. I think the threat of a major US attack on Iran had some impact on the Bitcoin market, after the US deadline passed, the Bitcoin market saw a green candle, and the market touched $80k again.

It is not possible to say for sure, my expectation is that Bitcoin will be bullish in November. I do not know the price on November 30, but in November we may see a price above $85k, I hope it can touch $90k.

The hack of Binance has really affected the price of Bitcoin,  some days ago it seems as if the market was going bullish but yesterday the market dropped to the initial price of where it was during the hack of Binance.  

I never thought it would be like this and seems the price of Bitcoin may likely drop more than what it is and it pumps back. It is possible by the end of the month the price of Bitcoin may likely hit $90k.

[GeorgeJohn]

The price of Bitcoin is not stagnant and that's why we shall n't know exactly the price bitcoin can ascertain at moment...the price change at any point in time, i dont believe on speculation because it has disappointed many people and different people arrive at different points,  so at this point the price is on 75k, theirs every tendency that the price might get increase soonest or not...because what we expect that will be the price of bitcoin base on assumptions, sometimes it's doesn't come to reality as we expected...

The price of Bitcoin changes and fluctuate base on the demand and supply, and that's why we shall continue experiencing changes in our speculation...Note: that theirs every probability that the price of Bitcoin might get more increased before the end of November..investors can pump funds into bitcoin and the market changes...all things are one the factors that makes me not to believe speculation...

[MarryWithBTC]

The hack of Binance has really affected the price of Bitcoin,  some days ago it seems as if the market was going bullish but yesterday the market dropped to the initial price of where it was during the hack of Binance.  

I never thought it would be like this and seems the price of Bitcoin may likely drop more than what it is and it pumps back. It is possible by the end of the month the price of Bitcoin may likely hit $90k.

Why are you still attributing the market changes to binance hack. Binance hack did not create turbulance in the market as they continue to say from the beginning that people's funds are safe.

If I may ask, why did you fail to attribute the price crash to the US mid election as the result went against the Republicans. You rather decided to attribute it to binance hack

[kawetsriyanto]

I believe that if the inflation print on November 10 is lower than the expected numbers, then we might see a surge in Bitcoin upwards to $80,000, the  $85,000 by the final week on the month.

I also think the same. Bitcoin price can rise again to $80k soon if there is no big inflation. Let's hope Bitcoin price won't drop below $70k, so it won't be quite difficult to return to $80k in this month. However, the scenario can be different if Bitcoin drops below $70k again. I personally won't expect for $80k-$85k in this month if it really happens.

Although, the next FOMC meeting in December might stop the momentum because Kevin Warsh is expected to be hawkish again and may decide for another rate hike.

It is still quite far from today. Well, it isn't quite surprising if we have some significant move again toward the FOMC. But people won't be so worried because it isn't the first time we have FOMC. People also have new spirit to welcome new year 2027, so I'm still optimistic with the crypto market in December.

[pooya87]

If nothing out of the ordinary happens this month then the price should go back up, break the $80k again and head toward $85k and this time with enough momentum we could enter the next phase of the "leg up" back toward $100k and beyond.

That is true except we see another headline in the world breakout, about war or even one just one statements coming from the world leaders. Bitcoin could remain in this current price range but, in the absence of that this month. hopefully I see Bitcoin moving passed the $80k price range and even possible hit a$100k by the end of this month.

But from the way we are seeing the headlines on the news, I don't see this possibility because, on the international sector there are threats going on which to me doesn't look good. My prediction is that with the current selling pressure that we often see , I will peg the price at $80k this month.

That's a good point. Generally speaking when we speculate, we only consider what we can predict but there are also lots of other unpredictable events that can significantly change the course of the market and do it very quickly too. It is not possible to predict those.

If the situation (even with the bad global economic situation) we could expect a rise very soon. However, if things take a turn for the worse then things could be different. Surging inflation would bring more people toward bitcoin trying to scape it; while higher interest rates and recession would put sell pressure on the market pushing the price lower.