Bitcoin Forum

Here we are again.  Another new month, another new sentiment poll...  And hopefully the sentiment is more positive than last month.  But I can only hope and hope doesn't control what the market does.  So I give it you, my fellow members of or beloved BCT.  Please check out the chart below and vote for what you think...

Is 27k - 28k the lowest of the lows it can get for 2022 and beyond?  Is it all going up from here on forth?

https://i.imgur.com/AH3VaCl.jpg

To predict bitcoin price in just one month may have inaccurate result, better to have a long term strategy which can make your sentiment about bitcoin price to be more accurate. I do not know if the price of bitcoin will hit $40000 this month or it may drop even below $30000, anything can happen, it can be up way or down way. All I will just tell people is that if they are losing already, they should know that they are not losing and hold their bitcoin until it increased back and reach ATH which will surely come.

^  You don't have to be all so serious about it.  Lol.  Just pick a lucky guess and have fun with it.  And it's really a simple question.  So no need to over complicate things...  Is 27k - 28k the lowest range for BTC for the year and beyond this year?

And I see some reluctance on picking an answer because of fear of getting it wrong.  But so what?  Just think of it as a game or something.  It's not like we're betting a million bucks on it.  So ok...  I'll go first then.  I pick yes.  No solid reason, just a hunch.  If I'm wrong, I'm wrong. 

I voted No.

I have a hunch that this month might be good for bitcoin though as the price could go above $30k or even higher. It seems that we have gotten over the Luna effect and investors are slowly getting back into the market again. We might hit as high as $33k-$34k if everything went smooth in the first 2 weeks and then retrace back to $32k in my opinion.

I would be happy again if I saw your picture above with a monthly chart line using the MACD indicator, maybe it would look more interesting for me to give my opinion in this thread

We do seem to be at a bit of an impasse.  Do we turn the corner and start heading upward to retest the highs at $69K, or do we slide below resistance levels and retest the support in the $10K range.  I sure hope we go up, but I'd urge people to be just as prepared for a $10K Bitcoin as they are for a $70K Bitcoin, otherwise it might be a rough couple of years for you.  Given that a recession is bearing down on us with increasing speed, and I'd urge people to make sure they are going to be able to keep a roof over their head for 2-3 years before dumping money into crypto at this point in the cycle.

For me, we haven't touch the lowest low yet, so it's possible that we can touch $27k this month. Although we have bounce back this last week, I'm not really sure, maybe this could be another trap, sort of catching a falling knife. We've barely enter this month and a lot of things can still affect us, like the noise behind us, the war in Europe and then the Fed rate hike or even another set of FUD will trigger another sell-off.

It is the market sentiment to have a bounce during the start of the new month. This can get carried, but with the present market situation we can't come to conclusion. As per my understanding, the low bottom isn't touched. Probably there is price prediction of reaching $10k. It won't drop that low, but there is a bottom price which is down to $25k. We should remember the days before bitcoin reaching its ATH value. During that time the market was predicted to fall lower after a massive fluctuation, but it moved to the top. So, the market could over perform as well as out perform unexpectedly.

dropped below 27k or at least levelled at 26k last month of MAY so maybe there is a possibilities that the price will drop lower than that as it is something we can expect in this kind of season.
2nd quarter and even 3rd are mostly a season where the value of the market is showing weak ( but of course not in Halving season when everything is Pumping almost whole year.)
so this means either this June or until August ? the price might be in this range and may be more lower as we expected .

Honestly I would not be surprised if it was a sideways month. We had basically 8 weeks of red so there is a good chance we might get 2 weeks of green and then followed by 2 weeks of red and we went up to where we started pretty much.

All eyes are right now on the CPI and fed speech. If the inflation is very high and they hint at 75bps rate hikes then we can see a sell off. Everything else is already priced in. We are entering the summer months which always have little liquidity.

but this year alone we fell down to 26k right? so I think there is another low keys to come our way and I expect this to go below 20k (hoping I'm wrong)
yeah lets enjoy this thread because we are only breaking the pressure from our investment now as most of us are in Losing position specially Holders like us lol.

But the cycle is just starting so there might be more dropping up to the next 2 years from now.

Rather than thinking about what the price will do this month, which I think is generally bearish sentiment, I think about what bitcoin in general will do in this economic crisis.

In theory bitcoin, when there is a crisis in the stock market, inflation and rising interest rates slowing down the economy, should act as a safe haven, but this does not seem to be the behaviour of bitcoin in recent months, rather its behaviour is similar to that of the stock market and the rest of the markets. 

Just dropping by to say there's a mix up.  I am answering 'yes' to the question in my post above, not to the question in the poll.  So yup, I really do think that BTC is in the bottom of the range for 2022 and beyond.  I'm not saying it's all gonna break out and resume the trend higher from here, all I'm saying it it's not going down below 27k - 28k range or whatever.  It could start going sideways from here with some pump to 40k then come back down to 30k and does it all over again until the market gets its bearings back again.

Ok...  On with the show.

Sorry tokes. I said on Monday price would have to stay up for 24 hours above 30k for me to think we might have a shot and another uptake. Of course, it did not only that but go to 32k before losing it all in 12 hours.

It's going to take a few more attempts to break that resistance (I'd say a couple more tries but it has then to stay above that a week or touch 35k).

If not, then it's really just a blink of an eye to wipe 10-20% out and see 24k or so. Really.

After being above $30,000 for a couple of days, we are now below it again. Looks like many don't want Bitcoin to reach above $30,000 :D.

Anyway with what is happening right now globally, I believe that we might see Bitcoin go lower than $27,000-$28,000 TBH but only for a short amount of time because I think that we might go sideways for the next few weeks to months. I hate it but fundamentals greatly affects the market. One bad news might affect the whole market. With what is happening right now globally, I believe that investors will still be in extreme fear for the next month. The good thing though is that it tried to surpass the $30,000 price though it ended up as a false breakout. A good sign but not enough to say that we will go up this month.

Only my prediction though and I have a 50% chance of it to be correct and it's for fun only :D.

Despite of some increase in Bitcoin, but then, I'd never see any signs to say that we gonna recover this month. I was still seeing the market will remains as it was just like in the past few days, like a month of May. However, I'd never found a reason why we have to worry in the coming days and this month.

The market had never fallen bad, still in the up and down movement. Never I see it stabilized which makes me think that the situation will keep running until the 3rd quarter.

So not bear or bull but a crab market? Could be like you said, going sideways but honestly, the US stock market was too wild. Fed's attempt to have some control over it will go nowhere and only hurt the crypto market further since everyone now is so jumpy to sell their bag over any bad sign in the market: montage rate, unemployment rate, CPI,...
I cast my vote at Yes, we'll see Bitcoin drop the price further.

I picked for freakin' no idea what's going on.

One thing that i know .. after all of these crazy up and down times .. there would be an unstoppable bull run .
We have done it multiple times and will be continued for sure.
In short term? No idea , im holding forever from now on.
No pressure right ? ;D

I'm bullish on Bitcoin for this month. As you can see that the monthly candle last month (May) closed above $30,000. Yes, there are still some times that it will drop below $30,000 like up to $28,000 but it will just be a wick for sure, it will keep bouncing. The next stop for me now is $40,000 a short-term resistance.

And then we are at $30,450 currently. So it's going to be a roller coster ride this month and we are still not out of the woods, unless we went above $35k in the next couple of weeks which I think is not possible.

Mid year and we are now -50% or more from our last all time high, and if it dip again this June, we should brace ourselves for the next 6 months as it might retrace even further (scary thoughts but that's what bear market is).

Well many were expecting this month to be bearish because it’s when QT starts. However you need to understand that it was priced in a long time ago.

Look at the yields, everything is already priced in. So keep in mind when it’s very obvious that something is bearish and everyone is bearish the complete opposite can happen. That’s usually how the markets are. That’s why there are many bottom shorters and top longers out there.

Questions like this are fundamentally flawed because the sentiment changes in a much shorter time for example it could change daily. Right now the sentiment is undecided which is clear from the sideways market that we have been seeing but this could change in an instant if price breaks a certain price whether it is a lower price in a drop or a higher price in a rise.
In other words your poll results show the sentiment of the day people voted (which is close to 50-50 hence proving my point about being "undecided" to some extent) not for June.

I voted yes. Zoomed out to the maximum, I'm very bullish. Bitcoin is currently in a super cycle, BUT within that cycle, there are bearish cycles. 2018 and 2019 were part of a bearish cycle, and 2022 and 2023 will also be part of another bearish cycle.


We cannot be sure of that. Plebs like us should understand that rate hikes and QT's effects are not felt immediately. It will take time, and once something "breaks", the Fed will reverse its policy and start lowering rates/start QE again to bail out those banks and large companies that "broke".

That's only in the U.S., in the E.U. I believe their own rate hikes and QT are only starting.

I agree that June could totally be like sideways, we have been like that ever since we dropped to 30k levels, I can't remember the exact date when Luna deal happened but it has been a while now I suppose, at that point we dropped to 26k at the bottom but went to 32k and so far we have been moving up and down only a slight bit and I do not see us getting out of that zone anytime soon.

I feel like June and even July could be like that.  In order for us to go super high (or even lower) there needs to be something and nothing is happening right now in bitcoin ecosystem and for the foreseeable future nothing looks like could be done.

We will have to see what happens, the market participants are too nervous, as soon as there is a small indication the price could go down everyone begins to sell trying to avoid losing money through all means possible, and it is this attitude precisely what is causing the price to not be able to surpass the 30k resistance level in a definitive way, and it is possible that this is going to keep going for months, which does not really bother me as it gives us the opportunity to buy bitcoin for a good price for a long time.

Today’s move was mostly based on the employment numbers. The employment numbers are hard to judge these days because we actually beat the amount of estimate for added jobs but yet there was a sell off anyways.

But the average earnings went down a little. So added jobs normally should be bullish however now with inflation it’s bearish because it means that inflation will continue. On the other hand the average wages is decreases which means inflation shouldn’t be as bad.

Very difficult to interpret all this data.

Stable month, it seems. Nothing too different from May should be expected... There aren't major news or events which could possibly boost bitcoin price up. I see news keep saying bitcoin won't stay cheap like this for too long, but that is all they have to say for now, and although I think they are right, it's not convincing enough to push a bull run forward.

No bull run this year, that's for sure, we are in a bearish cycle already. And even if there is news that will boost the price, perhaps it won't last long as speculators are going to used it to shorts bitcoin to try and squeeze some money in this plot.

And it's better not to be enthusiastic or something not just this June, but this 2022. Similar in 2018 by all means. But we can make the most out of this downturn this month, simply accumulate, and don't make things complicated.

I'm on the no side here, though that doesn't mean that I expect the market to go up this month. Imo we're going for a stable month this June, we're definitely going to hover around 30k though, probably wouldn't go past 32k or so for the time being. We'd probably have to wait till the last quarter before any noticeable change happens, and I honestly think it just takes one push for the market to go zoom back up after a 50% drop from the ATH. Preferably after I buy more though.

There was something more than just data, you know. Companies cut down employees, downsize or close off a few of their brands. People are more stingy with their money, service sector seeing a hike in earnings. Yes, it's very hard to interpret all the data from the fed and official govt but somehow, I always feel there was something looming behind and contributing to this bearish.

Indeed, where some see an issue, others see an opportunity. Just like in 2018, let's enjoy the season of cheap bitcoins the maximum we can. I'm confident it's just a matter of time until the next bull run starts. It can take a year or by 2024 yet due to the next halving, who knows, but the only thing I want to be sure is to be prepared when this time comes. At same time, it's important to avoid  FUD and advises from speculators on the internet meanwhile. There are many influencers instilling in people's minds they should give up on bitcoin and adopt random altcoins which they claim to be the next "big promise" of crypto market.

I believe that is one major reason why investors are having difficult to focus in bitcoin investment nowadays and end falling for hyped altcoins.

^ I have doubt that there is no new ATH this year, BTC price has suffered and has struggled even to survive at $35k, but have you noticed it?
When there is a huge pull down the opposite is a massive increase price of BTC.
However, I still believe in BTC though it is unpredictable I still hoping that this year possible there could be an ATH.
For now, the only thing that we can do is to wait when until there is a new resistance of BTC and the price quickly pump up.

It’s possible to get an ATH but it’s highly unlikely. What the stock markets needs to see is basically weaker CPI prints. Next Friday I think it’s the next print.

Most likely it’ll either stay unchanged or slight increase and market reaction will be neutral. However if we see a negative CPI number then markets can rally because it means that the fed won’t increase the basis points for the hikes, which is what most investors are scared of.

In June the Bitcoin price range will be below $30k. Bitcoin's low point in my opinion is at $27k depending on market conditions. This prediction will not affect, it could be wrong even though my biggest hope is that the Bitcoin price can pass $30k.
On a coinmarketcap chart in 7 days, Bitcoin once crossed the price above $30k but only lasted for a while and returned to the price below $30k.

The votes result are close meaning there are some who believes it will fall while others are not and this is a good sign of how we stands and how we support crypto , yes indeed that at some point Bitcoin may show a good increase but at the same time it may go side ways.
What I was planning now is to accumulate more when it continues to dump? or will sell when the increase happens sooner as I know 3rd quarte will be more crucial than what we have in 1st and 2nd .

No one knows for sure about this because there is no sign that can be sure where bitcoin will move. We've seen the price of bitcoin at $28k-$29k and back to $30k-$31k, and that's happened repeatedly. But still, no one knows if the price will drop to $27k-$28k or stay at $28k-$29k as lows.

Everyone would expect the bitcoin price to go up high starting this June, but sadly, we can only hope. Hopefully, the remaining months of this year can make the price of bitcoin go up high again.

I don't expect that there will be a super higher price of bitcoin this year and this month too. This month is 30 days and I don't expect magic to happen just now. Talking of price expectation, I can guess it will only have little changes front and back like a uncertain market price. The range of price may stay within $30k - $40k for the month because no major activity going on in the market for the main time.

Dunno..  I feel like BTC and the rest will all start going up again.  And not just up, like up going to 50k USD up, before it all starts going back down slowly again to where it is.. at current lows.  Lol.  But it'd be nice to have a little excitement back around these parts again.  It's been a while.  :D  :D  :D

I'm thinking in a couple of weeks.

It's better not to expect anything from the market so you won't get crazy thinking over and over if your decision was right since this market is always unpredictable. I wouldn't expect either that this price will break again at $50k or $40k since we are already at the bear market so I'm just expecting that the price would fall down to $20k soon. People might dump their coins if they saw another drop that would trigger a panic selling and that's it. The market might turn red soon if this current price wouldn't pump a bit.

I feel like sideways has been long enough, we have been sideways for a whole month now, there could be some movements. I am not saying that we will go under 20k or over 50k, but maybe like reaching 40k? That wouldn't be too shocking, or even reaching above 35k which we haven't done in a while.

I feel like sideways doesn't always end with a huge movement, sometimes it does but other times we get to see it move out of that sideways movement by going out of range for a small amount. In this case 35k would not be a big deal, it wouldn't be a huge % to go up, but at the same time it would break the cycle and we would be able to call it a bull run at least.

The market is like a spring that contracts and expands. We've been contracting since April and are in our third month of falling in a row. Also, I look at what's happening with the price and see that bitcoin is heavily oversold due to luna dump. If not for that we'd have marked 30k as lows and rallied back to 35k. Instead, due to outside interference, we went to 26k and back to 30. It is possible for us to touch the previous ATH of 20k, but I don't see it happening without a relief rally at least back to 36-40k.

If we can arrange some sort of great news about the price, then we could go super high, but in order for that to happen, we need something great happening in the world of crypto. Look at last month, we had luna crashing which made the bitcoin price crash as well, but look at it right now, we have absolutely no bad news and its not going down at all, we need to reverse that. If a luna crash bad news could drop it, then a huge big good news could reverse that and make us go to 40k. So all in all ,if a good news happens then it will be high, if not then it will stay around these prices for a while longer.

So far things are still boring. There was a very quick excitement caused by the sudden surge of Bitcoin's price to $32,000. But then it was quickly dissolved. The price went down once more below $30,000. Things went back to its normal sideward movement with little ups and downs generally within the $29,000 - $30,000 price range. It sometimes goes outside of this range but quickly returns inside. For now there seems to be an attempt to conquer $31,000 once again.

I think it only needs a big news, one with a bang, and the boring movement could end.

it is early to mention that this will be another May Month because with the first week they are the same but we don't know what will come in the coming weeks? though I don't understand the market sentiment nowadays but I still don't understand what are we waiting for.

all I wanted to see is that if ever there is something good to come then best that it will be a growth .

2021 is the best year ever and now that 2022 is here ? we can still see the new beginning .

May closed poorly, but there is hope that in June we will see a long-awaited bounce. The price is now locked in a tight range and bitcoin needs to break resistance around 35k to get back. Therefore, I expect a bounce this month at least into this range. But if bitcoin fails to recover, the fall will continue to the ATH 2017 area.

No the first week of this month is not the same as the previous one because all the previous weeks since March 21st have been red, while the first week of June unexpectedly ended in green. This can be the beginning of a trend reversal and June could be a green month with a close above $31 794.

https://cryptopotato.com/wp-content/uploads/2022/06/BTCUSDW.png

I don't think that in this month BTC will drop below of this level.

Maybe, there are some possibilities that after September this will happen. In the summer time, volume of market are really low, so, you shouldn't see big move from market.

Go to the sea, we'll think about BTC after September  ;D

Anything can't be said perfectly about the bitcoin market but I think we may have another month of bearish price action. Bitcoin sentiments are bearish.
I think bitcoin will not dump below 27K but at the same time, it will not go beyond 34K. Bitcoin may move in a certain range and it will not be good for the altcoins as with every small bitcoin dump, the alts will dump more. Bitcoin being the king controls the market.

June hasn't actually started any badly, has it, thus i expect us to finish as strongly as the month has started, lol, not too high though, but something within the range of 35k, or maybe even higher, who knows. But i just have this hunch that we wouldn't be going too down this month, or maybe even for the rest of the year. Bitcoin is still at a good price to accumulate more 8), not that there is ever a bad time to purchase some Bitcoins anyway.

27k-28k looks to me like the "lowest of the lows" we can get this year, that is what i think.

26k is the lowest not 27k. The price may not drop again on that limit but it's not a big deal. Everyone has been a given a chance to buy at the dip already but if you still haven't bought then that was your problem anymore. June was still getting started and we still have 25 days left before we end this. There is still a chance for the price to rise but if not then what can we do about it?

Yes, there will always be people like that that loves btc to fall down while some like for it to go up especially this time where the bear have been running for many months now. No matter what sides people choose, both kinds of people are still a crypto supporter.  We can only say that they are not interested if they don't join these types of discussions.

Im not expecting that much on which i do even see that the price is still moving just on the same behavior when it was still on May.We arent making such significant movements in towards it price thats why im not really making

myself that hopeful for some bullish run for this month so that you wont really get yourself to be that frustrated and there's no way that someone could predict on what would be happening in June but there's
always a possibility or probability that we might be seeing some significant movement or rise yet we've been moving sideways for a while now.

We can't be hopeless, yes. We are still in the 2nd week of June, probably there be a lot of changes my come (significant changes) but I won't say it is huge. But for now, it was not too clear to see such thing, we've never heard interacting news that would catch attention for the people to make more buys and create some hypes.

My assessment is that - June can be not far from the previous month's trend. The price may jump high but drops can be also inevitable.

yeah depend in how the holder needs the funds or wanted to extend their investment so they wanted to Buy in Low so looking for selling when climbing .

and also they knew that if they can sell before the dump then their funds will be double or even triple and this is the chance many of them seeking for opportunity .

Waiting to get double or triple your money upon buying is applicable only if you can afford to hodl but for sure it take time because there's still a threat which can bother the market since there are major problems in the world which affect the market. Maybe once we see that all things set economically and bitcoin cycle became more cooler then provably we can see a major bull run on top crypto's.

A 'bullish month' would be a tall order for BTC or any other coin.  The best we can hope for is support holds, I don't care how long it staya there as long as it holds.  But then again, strong support that keeps on getting tested makes for a nice set up for shorting if it breaks down or so I've heard...  Lol.  Stay safe out there guys.

But all in all, it still looks like it's holding well.  I mean who would be dumb enough to sell now if you held all this time?

While buying right now with the intention of holding your coins is without a doubt a move I can get behind, it is also a move many newbies cannot really pull off, if the previous bear market is any indication we still have a very long crypto winter right ahead of us, meaning that those which are interested in buying now will have to hold their coins for months or even more than a year before they see any profits, and this is something quite difficult for most of them to do when most people are looking to obtain profits way faster than that.

Looks like BTC could start selling down but check this chart out...  If that range right now for support doesn't look solid, I don't know what is.  I mean sellers have prolly run out of coins to sell by now.  Tney've been selling since November and shorters shorting the bottom would be like the dumbest thing to do ever rn.  Would it?  

I'm thinking it could range a bit between 27k - 28k and 40k - 45k for a year or so before bull mode.

https://i.imgur.com/I9GvBDK.jpg

The price still goes down and almost back to $29k again. It seems the price can still go back to the lower price if the support can't hold and lift it to the high price. I guess this June, the price will be like this, giving us more opportunities to buy low and sell high. Some people are waiting for the downtrend to buy back more bitcoin, so if you want to buy bitcoin, you should wait for that time. Perhaps, placing an order buy at a lower price will be good while we wait for the lower price to be reached.

I guess that price should go into the range 24-27 k dollars before a new rise. It seems this the movement of BTC in this period, maybe we'll see the most bad situation in this winter when price will reach that range.

Before a new rise, I guess that we should expect another year.

Everything could really be possible thats why its always be that recommended that you should make yourself get easily panic nor freaking out whenever there are price declines or prices do really goes into

the opposite site for this month but im not really that hopeful nor expecting that there would be some pumps for this month.I dont see any fundamentals or news around which might cause for such

change in trend and this is where we do all hope considering that the market had been moving sideways quite a while already but im already get used to it.

That's not too far below 28k.  :D  But yeah, the next real support would be the previous all time high around 19k - 20k range and no idea where it goes if it breaks down...  Maybe around 12k at the peak of that pump in 2019 when it bounced from 3k.  But that's pushing it imho.  I'm pretty sure lots of people would have a fit if that happens.  Lmao.

Anyway here's a chart with some red bars I drew.  :D

https://i.imgur.com/8PACIYf.jpg

What happens is that since bitcoin cannot break away cleanly from the 30k resistance level eventually the bears are able to bring back the price below it, for traders the current circumstances are not so bad as they can simply buy at 29k and then wait until the market raises to 32k and sell their coins as it seems we are trapped at the current levels, however this is also a good opportunity for long term holders as this means we have a long time to buy bitcoin for a huge discount.

There is still a way to make a profit in this situation. Real traders can do that.

This June can't be far from the previous market performance, we still gonna seeing the price of Bitcoin moving in the same directions, up and down. There is no strong support that could push the price high which is the thing we wait for but nothing. Therefore, I have to say that we are still given the chance to buy more in preparation for the next halving.

Interesting to see the majority of the people saying that it would drop under 27k range. I mean it is not impossible, but that doesn't look like the momentum at all. It looks like there is a good case to be made about the current situation being fine for many people since they are not selling.

If we have been around 30k range for a month, what would happen to make it go down that much? Does that make sense to anyone at all? I would get it if we were still going down, that would make sense. But at this point, what could be the reason when we are already recovering of sorts, I mean 26k to 30k+ range at least, not much but why would we start to go down again?

I voted for NO this june because the way market is moving now , i think 28k will be the lowest this Month and maybe there will be changes in the 3rd quarter in which coming after this month of June.
mostly this 2 quarter are critical as the price turns stable or lowering but in the 4th that coming 4 months from now? surely there is a changes and yeah we will be on top again or else complete dropping will come .
and looking at it now? it goes down still and yeah it seems that the value will fall down to 25k or lower .

How sure are you they are not selling? Bitcoin has been bullish for a while now and we officially fall below $30k.

The current price is $27K+ but it already fall below $27k in the last 24 hours.
https://www.binance.com/en/trade/BTC_USDT?theme=dark&type=spot

As for me, it really tells that Bear market will stay for a while and price may continue to drop.

While reading TA from trading view I see this one..

https://i.imgur.com/mSGp9WT.png

Analyst interpretation:
Read more here: #BTC Current Update! Must Read if you are in LOSS!! (https://www.tradingview.com/chart/BTCUSD/BOxCAY3v-BTC-Current-Update-Must-Read-if-you-are-in-LOSS/)

From this TA, it looks like it has already broken the $28k so it is possible that we are waiting for a $19.4k dip.  Though at the current price of $27.8k BTC is trying to regain and break the $28k. 

It looks like June sentiment is still bearish.   BTC price is still going down and TA favors a downtrend.  It looks like another entry window will open up again.


Great point there stadus, BTC price won't be volatile if there is no one selling  ;D. and we shouldn't be at the bearish trend atm if it is true.

If you are a supporter there is no good or bad season because everything is for our belief and trust that is how crypto supporter must be .
I am a Bitcoin and altcoin holder , for year there is a currency that stays in my Wallet till now.
but of course Bitcoin stands not permanent , i try to buy and sell at the time cost , risking my funds? but gaining for trust.

Perhaps you are right.

 * Bear season - is a good time to buy
 * Bull season - is a good time to sell

Every season is a great opportunity, sometimes we don't appreciate it because we are too blind to see the positive side of it while others do. if we can afford to buy during the bull market, then we don't make an excuse for the bear season of not buying again. Indeed, as we trust our invested coins we no longer had to feel disappointments and worries as surely we can make a profit out from them someday.

I didn't believe the drop below 25k would happen this month and it literally happened overnight. I guess now I will believe those analysts who said it would drop to 20k or even lower. Right now bitcoin is below 24k and it looks terrible. There will definitely be no crypto market recovery in June.

Just let the market drop, you don't go against the flow as you will only lose. Let it dump and just enjoy while some people panicked, if you find the right timing to buy, you will be able to earn a decent profit in the short term as eventually, this dump will not last forever, the market will have a quick bounce back before it will result in its bearish movement if the market will not recover fully.

I didn't too.  I really though 27k - 28k support would hold.  But yeah..  didn't end well.  Looking at from a more positive perspective, at least we got that over and done with.  But the 2018 PTSD lingers.  I already have an idea of what the poll would be for my July sentiment thread.  :D  I mean since we're all down, might as well have a laugh about it.  We could be in a bear market for at least a year imo.

As a matter of fact the most successful people go against the flow.

An example of going with the flow would be selling in March 2020, smart people went against the flow and bought there.
Another example of going against the flow is dollar cost averaging no matter what.

There's a reason why these people make money and the rest doesn't. People who don't know what to do look at others creating a chain of events and the majority never makes any money. 90% of investors lose and to be in that 10% you cannot go with the flow. Choosing to invest in bitcoin is already swimming against the current because the majority still thinks it's a scam or a ponzi scheme.

I, on the other hand, believe that this is just temporary. I don't think we will be in the bearish mode for long. But we can all have our own sentiments on this market. And from that, you are free to do what you want to do with your funds. But didn't expect that we will touch the $23k. I was thinking that the decline will stop at $25k and will go back up again. But this will be an interesting month. Can we recover fast and move to $30k again?

Because everything is possible when the market is in panic, it will broke any TA out there. We've seen 22k and if it doesn't hold then I guess opportunity waits us at 15k or much higher than that, that's my prediction and probably a buy zone. It's early to tell for the recovery unless the whole global market turns green too.

well here is a reason to make the price drop a lot:

Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
 (https://cointelegraph.com/news/celsius-exodus-320m-in-crypto-sent-to-ftx-user-withdrawals-paused)

everything indicates that altcoins are being a cancer for bitcoin and to make the situation even worse, certain analysts are saying that the price of bitcoin will still fall to 8000$ which would be a great disaster, I mean we saw the price reach more than 60,000$ for months later we see the price drop to 8000$, that would be something shocking, at that moment we just have to observe which direction the price will take, but the fact is that if it drops below 20,000 then it is almost certain that we will see 8000$ a lot coming soon


15000$ would still be little, if it drops below 20,000$ we will see 8000$ or more below 8000$

The voting should stop here now because the price already dropped to what is being asked , maybe continuation of conversation here is enough about the lowering because the value is now close to falling below 20k as it stands now to 21k and continuously falling.

Maybe this second quarter is the Lowest  season this year and we will see the next growth in the 3rd or at least surely in 4th?

the sentiment had already filled and we are all looking for what can bitcoin give us today and tomorrow and before this Month of June ends.

That's pretty quick. With just one close prediction out of the hundreds prediction they have (which mostly the case for these predictors) made you believe them?
The whole crypto market is expected to crash after it lost $100b from the last couple of days. So, yeah Btc could still
fall below $20k and no that's not because of that prediction, it's because of the current market sentiments.

We are in the middle of June and my sentiment is, obviously after yesterday, bearish. I think it is clear that the best of this cycle is over, not only because of recent events but also because of the macroeconomic situation. The only thing I hope is that the $20k support holds strong, as piercing it clearly down would unleash a panic like never before, as nothing like this has ever happened in the short history of BTC.

Sentiment has to be terminal at this point I'd guess or maybe thats just recent.   The ideal is an over reaction so good idea to do a poll and repeat it.   Best signal is when every single thread in speculation section is gloom and doom.  When you have the crowd of popular opinion reflective of a forsaken desert arid with dire sentiment only focused on the downside then take a moment to be ironically optimistic.

Levels of support possible I see are aprox.
19.4k
17.3k old trend
14k
12k
10k old trend
ideally it'd hit briefly and worth noting for having certainity in that moment when most wont.  Price at present is reflecting 200 week MA, we have a glimmer of hope with a rise above 12hr ma

$8000 is a total capitulation just what we saw in 2018 I guess, not gonna wait on that but it's a possibility when there are no strong support. By the way, the 200 weekly EMA was respected already and might be good relief rally after that but it will be possible to test the 300 weekly EMA since historically it hits on 2018 and the 2020 COVID crash.

If we were to see 8k that will be definitely bad news as it would be a total collapse on the price of bitcoin, however it would also be a massive opportunity, if we saw that price I am not afraid to say that I will use every single dollar to my name to buy all the bitcoin I could, and in fact I think I could go even farther than that as I could possible sell some assets that I have so I could raise even more money and buy bitcoin for such a low price.

This voting system is like Bitcoin prediction or speculation of the price determinant throughout Bitcoin validation this year 2022. We have to flashback and realized that Bitcoin price is going downstrend every minute and every day, so therefore for bitcoins to experience downfall of twenty five thousand (25k) this year, their is every tendency that the price will accelerate to high or experience a mega falling before the year runs out.

From what I'm seeing towards the constant decrement of bitcoin, i can come in conclusion that bitcoin price will not experience degradation in market that is higher or experienced twenty five thousand (25k). So i think the bus stop of it's can't passed below such value i made mentioned above. I know it's a speculation, but it will come to pass.

By now, many become happy with the downtrend than those who are worried as they have the opportunity to buy more at a cheaper price. I did see that despite the current situation, people aren't hopeless enough to think about negative but rather still optimistic about the future relying on how halving could influence the growth of crypto prices. It is eventually the reason why people are buying and I think it was reasonable enough to believe that moment will come to reality.

Terrible idea, not that i am not a Bitcoin believer, i am one, through and through; but to invest more than you can afford to lose is a very bad choice to make, i for one will never do it and you shouldn't as well, irrespective of how low the price of Bitcoin falls. Invest with only an amount you can truly afford to use, or you can choose a strategy like DCA to buy at different periods/intervals. Even if Bitcoin goes as low as 3k dollars, do not invest more than you can afford to lose mate.

It seems though that we have a glimpse on what is going to happen this June. One of the worst as we have seen near capitulation again (I still think that the price can still go below $20k). Others say it has something to do with the Celsius collapse or the Feds raising the rate hike again. Nevertheless, this is a golden opportunity, bitcoin at a discount? Take his opportunity to buy more.

^  I didn't think anybody else was thinking what I'm thinking...  Yup we're just around peak fear sprinkled with a little hope on the side.  We're near capitulation but haven't seen anything just yet.  I'd be selling at the next bounce if we're lucky enough to ever get it.  This thing is just giving a 2018 vibe all over it.


If BTC goes down to 3k USD I think it's def worth taking a shot with everything you got.  But then again it really doesn't matter how low it goes as long as it's the bottom.  If you know in your heart of hearts, just go for it.

June was the lowest point I've seen since I re-entered at the end of 2020, but today the price looks like it's going up again because it's already gone up more than 6%, hopefully today will inspire investors to buy again and I suggest not to hesitate if we want to buy and hold bitcoin because of the great potential in the future.

I agree with you, the price will decrease more but it will not decrease more than $20,000 before it will increase higher in this period. The price dropped down to $21,000 few days ago that is making some long term investors panicking about the long bearish market that is affecting investors not to make a good income from their investment. It will be difficult for the crypto market price to remain low through out this month of June because the price will definitely increase higher to enable both short term and long term investors to achieve something good before the end of this month.

I agree that it is definitely not a price that we would probably see, it is a very rare situation for bitcoin to drop nearly 90%, not that it never happened but even 2018 wasn't like that. I believe it would probably stop at around 20k, anywhere around of course, so it could definitely be 17-18 at the bottom, but will stay around 20k and after that it should probably stay at around those levels and wouldn't really be a big problem.

I am hoping that there should be some sort of recovery process, which I am guessing wouldn't be something that would happen quickly, it may take a while before we get there, probably at least Q4, but I bet it will happen.

June is only two weeks left, soon to enter July, some speculations that I've read, Bitcoin will experience a period of sharp decline until October, maybe it can reach $15k or less, that's based on speculation that I've read, I believe in it, can be seen from the current market.

I really can't choose, because the price of Bitcoin may indeed go to $15000, but I also believe that it won't happen,
one of the things I'm doing right now is just selling half of my assets in crypto currency, and if indeed the price of Bitcoin falls at $15000,
the altcoins will follow suit, this is why we have to think about the worst case scenario

I also believe Btc could still go below $20k. At some point Btc touches the $20k level already. However it manages to bounce back and currently trading at $21k.
Well, Bitcoin is already in a huge discount now. I am thinking some people are either afraid of this correction or waiting to find the bottom.
The reason behind the current price of Bitcoin may not matter as this will be an opportunity to accumulate.

I think the bottom is in. Bitcoin is historically oversold and underpriced.
Waiting for 13k is probably going to leave you behind...

The June may end 2 weeks from now and with this ? the second quarter will end as well so this means there is a new entry and that is a 3rd quarter .

Most of the years ? the  3rd quarter always brings negative approach because this is the decisioning months as the last quarter will bring differently .

Overal sentiment (all markets) is fear. Don't expect big things until settle down.

That is if it settles down. I have a gut feeling that we will more drama around the market. Especially the crypto market..

Fear sentiment I think is a good thing for investors who want to enter the crypto world,
because Fear=BUY , that's what people who already know about crypto say and I quote it,
of course there are also some conditions that must be considered, and don't be careless

This is a good time to buy especially if you're a newbie and you are planning to get into crypto or even if you've been in the crypto space for a long time, you'll know that this situation is an opportunity to buy discounted crypto and hodl in hopes that you will make a big profit in the future.

It could be and I can't blame you if you want to take your shot at the current range.  But the monthly really bothers me after the price broke down 27k - 28k support.

Vibe check for the monthly and this is what I see.  Lol.  Missed the 2019 high would could also act as support...  Anyway, it could go from 20k to 28k in a span of two months then a slow drop down to zhe goblin town.  -_-

https://i.imgur.com/C2hI6ik.jpg

Below $20k for me is the best opportunity, as we have seen it in the last 4 hours. $ 19,170, and we have reach the lowest low now and the possibility to go down even further.

Just things to ponder, $13k might be the final bottom, $15k-$18k, as well is another golden opportunity. But I'm not going to wait, every dip Ii'll try to buy as much as I can and then HODL.

I also think we have had a good opportunity to buy bitcoin for a long time now and if it drops even lower, for example to 15k, it will be an even bigger success. But I think it's kind of strange that we're being allowed to buy now. Usually there was always a panic, a sharp drop in price and then a rise. Now there is no strong panic, they allow us to buy regularly and then slowly lower the price again. There is a feeling that MM has completely different targets for the price.

Another reason for Q3 is the fact that most people will not be after making money but more like spending money, outside of tourism sector of course. Do you really think that people who are getting their bonuses at the end of the year who will have more money to invest versus people who are in Hawaii or whatever will have the same power? Of course not, even if one of them has the money for it, they will be sunbathing in a beach and won't care about money at that point.

Hence, summer months are one of the harshest months for all markets, not just crypto but all of them. One of the easiest moneymaking in the world is buying solid things during July august period even September, and selling in late November or early December. Worked for decades now.

The moment you think it's going below 15k, it bounces giving a little hope that the bottom is in.  My next poll for July's sentiment thread was supposed to be if BTC was going below 2017's all time high but it already happened.  So I guess my next poll will be if BTC has reached the lowest possible price range it can go for the next few years?  I think the votrs would mostly be 'yes' if this bounce continued thru the next month.

Currently the opinion that the price will fall below the op's forecast has indeed been stated by more than 50%, of course we are now more focused on July whether there will be a decline that will be more than now.


If you look at the movements that have occurred so far, it is likely that in July it will be lower than expected in June and it will start to improve, maybe in Q4 this year.

I would guess that the sentiment is not the market, we could "feel" like something is about to happen and it may never happen and we shouldn't be worried about that. Yes we believed that the price would NEVER go under 20k, that was a real feeling amongst everyone in the crypto world, but we did and we dropped to 17.6k levels in the bottom. But that doesn't mean that we should lose hope and think that the same will happen again and again.

Just because we believed one number wouldn't be passed under, and it did, doesn't mean that we will say it won't be bottoming further and it will again and again and again. That happened once, and I believe it will not happen again.

The month went out with a bang and it was big...  And it wasn't the kind of bang we wanted.  :D  I seem to be laughing now but I really am dying inside.  I seem to be playing games with these polls but really they are nothing but something to find out if you're feeling what I'm feeling.  I've been in the space for a long time now and these huge moves against you always feel the same no matter how large or small your trades are.

Anyway see you in the next one...  No I'm not killing myself.  I meant see you at the July sentiment thread.