BTC Sentiment Poll for June

[Odusko]

We may likely finish this month on a greed zone, but the price may still remains at the current level, so is not all about seeing Bitcoin chart to get green, what is important is if the green candle will have a reflection on the price of Bitcoin, we are way beyond the second half of June, and despite that Bitcoin have made a lot of corrections down world, the chart implications still remain green for some reasons and this can be said to be a sign of high buying orders but with lower or strong resistance price movement.

[bbc.reporter]

@pawel7777. There are also market experts who are predicting that dump on $92k again and also a speculation that the dump will be lower to $81k. It appears that the fear is again showing slowly before we witness another panic hehehehe. In any case, if you are holding bitcoin since 2023-2024, agreed on everyone who declares to take some profit.



In its June 19 report, CryptoQuant argued that BTC could soon revisit $92,000 support or even fall as low as $81,000 if demand continues to deteriorate. Spot demand is still increasing, but well below trend. ETF flows have dropped by more than 60% since April, while whale accumulation has halved.

Read in full https://www.coindesk.com/markets/2025/06/19/asia-morning-briefing-cryptoquant-warns-of-92k-btc-drop-as-analyst-views-diverge

I was just going to post that link. You beat me to it.

If we were to drop to $92k, I would have serious doubts whether we would still be in the bull market. The retail demand is weak and I don't think that's because people are waiting on the sidelines for a good moment to get in. They either think that after crossing $100k is already too late for them, or, most likely, they simply don't have any spare cash to invest.

Anyhow, earlier today it looked like we might have a breakout as the price moved upwards to over $106k, but later the price tanked to a little above $102k. To me, this might be an indication that a lot of people are keeping their fingers on the trigger and would sell as soon as the price goes up even a bit.

The geopolitical situation is not helping either. Israel has probably been preparing for this for quite some time, so they're not going to back off easily, unless the US withdraws their support, which is unlikely to happen despite very little support from the American public for Israel.

I am beginning to speculate that despite the procrypto support of the Donald's administration in the cryptospace, his unpredictability might not be very good for the market. On January it was his reciprocal tariffs. This caused bitcoin to dump from the all time high on January to $76k on April. It was very headshaking. Presently, everyone is waiting for his decision on the war in the middle east. He announced that he will give an update after 2 weeks.

In any case, it also appears that bitcoin might never pump over this trendline hehehehe. It also is a warning signal that a dump might occur after nearing this line.

[tokeweed]

^ The instability from this event is crazy, true to that.

And we never know when exactly the market will be in the better mood, having confidence for the continuation of the rally..

Yeah dunno anymore man...  Lol.  BTC just crossed below the monthly close of May which makes the monthly candle for June color red.  The long term trend is still intact but the overall sentiment isn't really as good as when the month started.

But let's see what's up for the rest of the month.  We still have 12 days to go before it ends.  So yeah...  Stay safe out there guys.

Yup, that's instability is crazy man, just like in the previous month, it's totally unexpected to see this kind of changes very quick. But as you have said, if we look at the long term, then we might be confident that something is going to happen in the future, pushing the price.

So let's see the last 2 weeks or so, even if we end up in the red candle, at least it's another good time to enter again.

And if the price goes on after run, another win for us. So in any case, let's take this opportunity to our advantage.

I don't think it's a good time to enter if prices remain at the range where it is now.  I'd like to see it break out strong above December 17, 2024 high and stay there before we could really say the bull market is back in business.

As for now, it's a waiting game.  Stay safe out there kids.

[Dunamisx]

I don't think it's a good time to enter if prices remain at the range where it is now.  I'd like to see it break out strong above December 17, 2024 high and stay there before we could really say the bull market is back in business.

Even there might be partial indications showing that the market is likely to continue in bullrun and it may not be visible until we already have the sentiment broken for it to happen, if you could check well on the resistance and how the market has been always resisted to take another wave of bullrun over a certain limit, same applies to the time its on correctional mode, we can then for now observe to see more further before the month ends.

As for now, it's a waiting game.  Stay safe out there kids.

Thanks for the heads ups, to be warned is before harm 

[skarais]

~~~

I don't think it's a good time to enter if prices remain at the range where it is now.  I'd like to see it break out strong above December 17, 2024 high and stay there before we could really say the bull market is back in business.

As for now, it's a waiting game.  Stay safe out there kids.

Your advice is certainly helpful, but if they still want to get in, then don't forget that DCA will help a lot.
Some of us are obviously hesitant to get in and buy because of the potential price drop, but if they can save 50%-70% of their capital for DCA, I think that's great and they don't have to worry. I would rather get in now than later or wait, especially since I'm doing it with DCA.

Of course it is okay to wait longer until some bullish indicators are created, but usually they will miss the train and buy when the price has already gone up a few percent. I suggest they buy with DCA instead of waiting for any confirmation, but it is up to each person how they approach of invest.

[pawel7777]

So we did break the $100k barrier downwards.
The traditional markets will get hit tomorrow. If it gets worse than expected, Bitcoin could tank to even lower levels.
Hard to say what the effect of the war with Iran will be, but oil prices are expected to go up, which itself will have a very negative impact on some economies, like the European ones.

Does this mark the end of the 2025 cycle for Bitcoin? I'm 50/50 on this one. But it's fair to say it is over for altcoins. They might go up from where they are rigt now, but no chance for new ATHs for most of them and for the proper altcoin season.

[tokeweed]

Ngl, BTC is kinda acting like a p*ssy at US open.  The Dow and the Nasdaq gapped up but BTC and most of crypto went down like it got scared.  I mean wtf mofos.  That gap up is a bullish signal to pile more money in but no...  It looks like everybody is still cautious.  Scared even. 

It kinda went up after the sell down but now I'm looking at BTC and it's selling down again.  Rofl.  Wtf is happening?  We're still not out of the woods yet..?