Monthly sentiment polls are back after skipping January. Looking at the chart, I don’t remember BTC having four consecutive red months. So, five in a row seems pretty unlikely, right? What do you all think? Will February finish green or red?
Checked the monthly chart on my app and it only shows data from 2022. But from the pic you posted, I noticed six red candles between 2018 and 2019. Those didn’t have the same impact as these recent four, though. Honestly, I think February is likely to end red unless that support zone holds.
Not sure if the pullback is too severe but it feels high. I don’t expect a rebound yet. We might just hover between $70k and $80k for weeks. If we dip below that, maybe down to $68k or $66k before bouncing back. Just my two cents since we’ve been in the red for a while.
Hey tokeweed, long time no see. Honestly, with all this doom and gloom from work and the news, I’m thinking more pain is coming this month. That push to $100k in January was wild, but I think it exhausted the bulls. They might just hunker down this month.
January was looking good for Bitcoin, but February's volatility suggests a bear market is starting. We've hit $74k, but I see green candles now. Still, I doubt we’ll climb higher soon. February might end with a red candle.
Last month was a slaughter for BTC. I see us continuing that trend until the end of February. Maybe a slight recovery above $80k, but it won't last. Feels like we’re officially in a bear market.
Current market vibes are pretty grim. I seriously doubt we’ll see Bitcoin rise anytime soon. The bull market feels over, and this correction looks like a bear setup. I think we’re stuck in the $70k to $90k range.
If you’re trading, be cautious; short-term dips can hurt. But if you’re in for the long haul, this might be a good buying opportunity. Prices could stay in the range you mentioned.
I’m voting for a red recovery. It feels negative, but there’s enough fight to make the price action look somewhat positive later. For February to go green, we need some solid weekly averages, and right now, BTC is struggling.
Bitcoin’s fluctuated a lot this month, still trending down. Although it’s slightly up from $74k, we might hit $70k again. There could be some excitement at the end of February if we push above $90k. But recession fears linger.
Looking at sentiment, it’s still bearish. Expecting to stay between $76k and $85k. Sure, we might see a slight rise, but it seems temporary. I think we’ll remain in the red zone until month-end.
Only five people voted so far, and I’m surprised by the results. Normally, there's always optimistic folks, but this time even they seem to acknowledge we’re in bear territory. It’s interesting how the market often goes against the majority.
I voted green. We’re near major support, and even if we see another bear flag, I doubt it’ll break down this month. I’m hoping for at least a modest green candle.
Yeah, BTC deserves a green month, even if it’s not a strong one. The bears can’t win all the time. By the way, how’s everything going with you? Still placing some bets?
The bearish trend will likely stick around unless something shifts. Still early in February, though, so who knows? Watching the market is intriguing to see if we’ll get some green this month.
Last month ended poorly, and now in January, BTC fell over 10%. The macroeconomic situation isn’t any better. I don’t expect Bitcoin to keep falling, but being optimistic this month feels tough.
February is supposed to be bullish, aiming for $90k and beyond. But crypto is unpredictable, and news can change everything. I think we’ll see some ups and downs before the month ends.
I’m feeling red for February. Every time we expect a bullish move, the market usually flips bearish. If we don’t dip below $70k, we’ll probably stay around the same range or just hit $83k.
January started with Bitcoin skyrocketing, but then it crashed hard. February feels like it’ll be green, with prices staying above $80k. If we drop below $69k, that’ll be a scary situation.
The bears took last month, so it’s reasonable to think the bulls will rally this month. Even if this year is bearish there will be positive months. Plus, geopolitical news seems stable, which is good for Bitcoin.