November BTC Sentiment Survey

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mr_f0xFull Member
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#1May 17, 2021, 02:12 PM
Well, what was hyped as 'Uptober' really didn't go as planned, huh? The month ended pretty rough, and some folks on CT think that the big sell-off on October 10 left a lot of traders feeling pretty wrecked, so they might not jump back into trading anytime soon. This situation kinda reveals that crypto might have some weak spots that could keep institutional investors away. Not really sure about that... I'm still crossing my fingers and hoping for a solid November. Check out the monthly chart up to now. It's not looking too bad, but if we get another month in the red, it could really shake up the bullish vibe.
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GigaShardMember
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#2May 17, 2021, 03:23 PM
The price of Bitcoin reached its highest level in October, and a dip was formed. There was enough opportunity to buy Bitcoin, but in the beginning of this November, the price of Bitcoin is showing signs of a lot of upward movement. However, I can guess that the price of Bitcoin will be more likely to fill up in this November, the dip that was formed at the present time is the best opportunity to buy Bitcoin in this November. And there are enough signs for the price of Bitcoin to reach its highest level.
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maxbridgeFull Member
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#3May 17, 2021, 06:39 PM
Those are part of the psychological market sentiments surrounding traders behaviors. The irregular bull event of this season cycle has thought a lot some lessions that the never expected while holding Bitcoin and hoped to sell in a specific price and at a range of time. It is also baffling how some enthusiasts actually think the market trends will keeping repeating itself from past trends which leads to the saying that the 2025 bullrun seem different from the other. I wonder what they expected in a volatile market like Bitcoin and the rest crypto currencies.
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the_kingHero Member
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#4May 17, 2021, 11:47 PM
Yes, some people have speculated on Bitcoin prices in October and we have seen Bitcoin prices in that month, it is interesting to talk about Bitcoin price speculation in November 2025. I was following account X in terms of Bitcoin price speculation in November, Daan Crypto Trades revealed. Well, that's all just speculation that happened in the past year, so anything could happen in the crypto market without us expecting it, that's just speculation.
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darkviperFull Member
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#5May 18, 2021, 04:10 AM
I can't really view the chart from my end I don't know if it's my network or something.. but I want to be sure that this month is is never bearish month and I never see the signals as well since Bitcoin is still above 100k so there is possibilities that we might not smell bearish market so easily because when Bitcoin dropped below 100k then we can be sure or suggest that bearish is confirmed. However, 110k is still bullish until it drops below the price or maybe the price is being half then we can say that is the beginning of bearished market.
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alexaltFull Member
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#6May 18, 2021, 09:55 AM
No one expected that drastic dip within few minutes on October 10, which brought to the highest loss in the history of crypto. After that dip the market hasn't recovered but has being on a sideways movement, leaving some traders and investors hopeless that the bull run is ongoing. The price resistance  is at $115k, if bitcoin can break this price and move above it, hopefully we might see $120k but if it doesn't, it means that the side ways movement will continue with a support price of $107k. I hope this month will be a greenish one for bitcoin so that we can be hopeful of $130k. The chart image is broken, you should fix it OP.
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jakewolfFull Member
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#7May 18, 2021, 12:28 PM
It could be that the strong sales figures in October invalidated some of the high price speculation. But I don't think anything particularly bad happened during October for the Bitcoin market. I don't think this is the beginning of a bear market. Others don't seem to have answered. Green in November, but I can't say at what rate the green will return. Of course, with the opening price on November 1st at $109.5xx, I think the support price at $110,000 is still a good thing, so I speculate that November will close in the green.
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RogueMoonFull Member
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#8May 20, 2021, 07:41 AM
so, your Uptober hype got wrecked harder than anyone expected, lol. all weak hand wiped out...  yeah such kind of shakeout is what cleared out the weak hands .  imo,  Bitcoins longterm structure always looks strong, a few red candles cant end a bull market. The thing about institutional weakness may be true. But these people come back as soon as the price starts going up,,  thats their classic nature,  LoL... I am betting on a green November. Because history says that the months following a dump always come back. If BTC holds above key support zones & volume increases  the sentiment will change soon. alwyas keep in mind corrections are temporary but convictions are permanent
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cold5tor4geSenior Member
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#9May 20, 2021, 01:43 PM
Bitcoin made some good attempt to push up the price in the early hours of today being the second of November after the several days of decline market price in October, alot of bitcoin holder's are skeptical and willing to hold through, but the possibility of buying new positions both for institutional investors and individuals still remains at negative positions since most people have draw back from bitcoin at this point, because the market crash that ended October, November is still fresh but we must act to remain at a stable position.
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b3ar2015Member
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#10May 20, 2021, 09:38 PM
Many were hoping for a bright October after Bitcoin reached its highest price before the 10th, which led to strong optimism (I was one of them, lol). But all hopes were dashed on the 10th. It only took a few minutes for Bitcoin to reverse course and even fall to nearly $100,000. Perhaps it was because of those high hopes that we felt a little disappointed this October. Now, we're entering a new month. As I recall, this month started at $110,xxx. It has remained at that level for several days, indicating that there is hope that there will be many green candles on the chart this month. Hopefully, the incident on the 10th won't happen again.
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leo.wolfHero Member
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#11May 20, 2021, 11:09 PM
I think this was the same analysis that was actually used to predict for the month of October which we all expected the market to actually be bullish after the entire quarter three was actually bearish. I was one of those who thought this last quarter will be super bullish like we usually experience every year and mostly in year after the halving. Historical trend hasn’t actually changed but it is not following same pattern or trend again because for the first time since 2018 or so, the month of October has been bearish this is now actually making investors think that there could be a market trend shift where we might not get a full blown bearish trend next year like we didn’t get a full blown bull run too this year. For the month of November I still predict green candies such that I even expect us to possibly get a new ATH this month, but if we didn’t then the price might get closer to that point and possibly by December we get a new ATH. I still remain optimistic of a new ATH until last two weeks of November
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CyberTokenSenior Member
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#12May 21, 2021, 03:13 AM
I'll give you some points as to why I think this isn't a bear market. 1. The dumps were caused by external factors unrelated to bitcoin. Usually a bear market would start due to one of 2 things, or both of them at the same time. One would be a FOMO rally with a blow-off top, the other a problem within the bitcoin ecosystem. Some examples? 2013- FOMO rally in December, Mt.Gox shutdown and bankruptcy. 2017- FOMO rally and the opening of Bitcoin derivative trading in December 2017 that allowed investors to bet against bitcoin. Most likely the rally was ended by large investors betting against it and crashing the market to profit from futures. 2021- China banned bitcoin mining which forced mining companies to dump bitcoin and move. The price swing wasn't huge, but still it went from around 14k in December 2020 to 65k in April, so 4.5x in 4 months. This time bitcoin hasn't done anything since last December. At the end of last year we were at 99k and now we're just 10k higher, so we've made 25%. There was barely any rally in the last 12 months, no larrge internal problem, no FOMO. 2. Fear and greed is showing very low values, consistent with bear market lows. These values used to appear after 30-40% crashes, but we've just fell like 15% and were already down to the 20s which is extreme fear. This shows that the market went through a significant crash, but we're still at the same level that we've visited multiple times this year. We were here in June, July and August, but the indicators were not showing fear but neutral values. Now we are in fear, but the price is exactly the same it was back then. To me this is proof that the market sentiment is worse than it should be. We are mentally going through a crash, but staying at the same prices. In other words we are undervaluing bitcoin.
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shard_gweiFull Member
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#13May 21, 2021, 05:10 AM
We entered October and saw Bitcoin reach an all-time high and we were expecting more price but on October 10th there was a big shock in the market which caused the market to collapse a lot. Then Bitcoin could not reach the all-time high in October where we ended the month of October with the market in the red. However, as November has started, there is still no accurate prediction as to where the market will move. I am going from November to green November from my prediction.
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DarkByteFull Member
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#14May 21, 2021, 05:55 AM
The month of October was indeed a chaotic one as bitcoin showed no signs of bullishness and it was only at the beginning of the month that it eventually reversed its sharp decline. November we can't say for sure... will it be bullish or sideways for longer? Yeah we have to wait some time for confirmation of this move because the expectation is that we are bullish again until December.
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sat_2018Senior Member
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#15May 21, 2021, 11:56 AM
Its not even close to bear so thats a no, it can be a dull market in appearance for sure but not gaining and not getting your sugar high from immediate gains doesn't have to make it a bear market.   That's judging with absolutes, it wont lead you to a fair conclusion and just shows lack of patience, imo BTC requires much patience despite appearing so fast at times
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the_ledgerSenior Member
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#16May 23, 2021, 09:45 AM
I have also voted no for this poll. There are also news articles that have declared that we are not yet in a bear market and that have also argued that November will be a pump on bitcoin instead of a dump on bitcoin hehehehe. However, the contrarian in me is telling me that we might be beginning to experience the bear market. I am saying this with very low confidence. This month might be the last month of our fight for the bull market! November has a big reputation in bitcoin lore, but the typical November is modest and the blockbuster average is skewed by 2013’s moonshot. Crypto influencer Lark Davis called November bitcoin’s “strongest month” with an average gain near 42%. The CoinGlass Bitcoin Monthly Returns heat map shows that number is real for the mean across 2013–2025, but it is not the whole story: November’s median is 8.81%, and the mean is pulled up by 2013’s +449.35% outlier. Read in full https://www.coindesk.com/markets/2025/11/01/is-november-the-new-october-analyst-says-it-s-bitcoin-s-strongest-month-here-s-the-data
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oracle_satoshiFull Member
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#17May 23, 2021, 02:38 PM
This is also what people did with October, because throughout market history, October has always been a good month for the market. So everyone is betting on a green October and God candles to send bitcoin prices soaring. But as we have seen, things did not work out that way. I think to make bitcoin prediction for November or for the future. We should combine many elements from analysis, history to macro news. Don't rely solely on history or make predictions based on our own expectations, it only sets us up for more disappointment.
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GigaShardMember
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#18May 23, 2021, 02:58 PM
If the Bitcoin market remains bullish until December, then we will definitely see a normal Bitcoin market in November. Because the Bitcoin market will continue to move with a slight correction for half of this November. But by the end of this November, we will definitely see a Bitcoin bull market. Because many experts have said that November is a month of correction, but I can say that this November there will be a huge demand for Bitcoin, so the Bitcoin market will turn towards a bull market. Because we can see that various institutions and individuals have adopted Bitcoin as a strategic reserve.
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vault_alphaHero Member
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#19May 24, 2021, 08:08 PM
Institutions and companies have been adopting bitcoin into their strategic reserves over the past year, and there are many doing so on a daily, weekly, and monthly basis. This is not new. But as you can see, the market doesn't seem to care and those things haven't had a significant impact on the market over the past year. So I think continuing to expect institutional demand to push bitcoin prices up this November is just a fragile expectations, as there’s no better reason. If we want a spike in demand to push prices up in the short term, we need intervention from central banks or larger corporations like Apple, Microsoft or Nvidia. Small and medium-sized enterprises and organizations will not be able to create a supply shock in the short term. But that probably won't happen in the short term, so expect better macro news and only then bitcoin could rally this month.
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viper_blockSenior Member
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#20May 25, 2021, 01:37 AM
The market is still in the red and not giving a green signal for the market to rise. But I still believe that it will rise at the right time so we don't have to worry. Maybe some people think that the bear market is almost here and remind us that Bitcoin already hit a new ATH. But I am trying to calm down and just wait while I still accumulate Bitcoin. We hope this month will bring many good news and push the Bitcoin price to increase. People still expect that as they are waiting for that. No one knows what will happen this month but we can hope that everything will be okay.
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