Bitcointalk Market Sentiment Poll 6/8/2021

[tokeweed]

Just wondering what the regulars of Bitcointalk think about the market rn.  And if you answered ‘bullish’ please drop a line telling us why and at what price range will you start going bearish.

[BrewMaster]

i will only go bearish if price drops down to the $20k range and stays there for at least a week otherwise i remain undecided and am mostly buying bitcoin whenever it dips a little touching the bottom repeatedly and wait for the bull run to resume.

[worle1bm]

Wintessing the current market trend it seems to be bearish at the moment although it had shown some past sign of recovery but again the market is red again due to all this mess up of crypto market.But this trend is going to end soon when market will have funds inflows and stable conditions with support from investors above $35k which can be pushed through small retail investors or if MicroStrategy purchased another $455 million in btc after selling bonds to public for funds raising.So you still have time and perfect prices for investment bull run will hit soon.

[Argoo]

i will only go bearish if price drops down to the $20k range and stays there for at least a week otherwise i remain undecided and am mostly buying bitcoin whenever it dips a little touching the bottom repeatedly and wait for the bull run to resume.

After today's fall in prices in the market, including the fall in the price of bitcoin to the current $ 31,391, it is hardly worth hoping for a quick price recovery, and given that it will soon be a month since the cryptocurrency market collapsed, this period cannot be called bullish either. It should be admitted that this period has been bearish for almost a month and it will remain at least until autumn. Summer has come, and during this period, traditionally, business activity in all markets dies out. In the current situation, the price may fall further. Therefore, we take care of our cryptocurrency assets and relax.

[proudhon]

After today's fall in prices in the market, including the fall in the price of bitcoin to the current $ 31,391, it is hardly worth hoping for a quick price recovery...

Fixed it for ya 

[sheenshane]

i will only go bearish if price drops down to the $20k range and stays there for at least a week otherwise i remain undecided and am mostly buying bitcoin whenever it dips a little touching the bottom repeatedly and wait for the bull run to resume.

It seems right that Bitcoin will at a price range of $20k within a few months or it might stay with that range throughout this year.
Based on the site that I mostly visit when I want to predict the market, it's Bitcoin Price Prediction..., it says there that we might encounter long blood bath in the market so it might be a Bearish trend will be waving ahead IMO.  So I voted for Bearish.

But that's only my own prediction and it will remain there since no one will accurately predict the market.  It could be there's from others who can give a good technical explanation on this.

However, I will wait for Bitcoin will reach that price range of $20k, it might be that's a good investment point.

[$crypto$]

This would be a real bearish one as the range looks right at $20k or lower in my view.
I can only conclude that FUD does not allow bitcoin to move so that this fall will continue, but after I continue to observe the market but the decline will not be all at once and some investors will certainly continue to hold on to the price they bought but when something else happens what makes bitcoin broken again will surely fall again, this sentiment is still not strong and we must strengthen the foundation again.

[Wind_FURY]

OP, the current “sentiment” is clearly “bearish”, but zoom out and look where Bitcoin’s TRUE LONG TERM trajectory is going? Plebs like us should be bery very excited for this golden opportunity given for us to buy this dip, and coming dips. It’s a GIFT!

[slaman29]

I voted for bearish because that is the reality. But I don't believe sentiment always plays a part, it just follows the domino effect of the biggest influencer sentiments (and I don't mean youtube influencers) in both directions.

So it can easily change, as long as there is enough big influence to make a positive wave, people will follow.

[xSkylarx]

Even if all of us wants to go to moon, bitcoin is struggling these past few weeks and keeps rejecting resistance. There is not enough volume to reach $50k at this point so I'm also at the bear side even if I don't like it. Fuds few weeks ago is also a factor why the market is undecided. Small investors are scared to buy now as the price can go low as $20k based on the rumors. Some even say we are already in a bear market and crypto will pump again in few years.

[Wind_FURY]

I voted for bearish because that is the reality. But I don't believe sentiment always plays a part, it just follows the domino effect of the biggest influencer sentiments (and I don't mean youtube influencers) in both directions.

So it can easily change, as long as there is enough big influence to make a positive wave, people will follow.

It’s also the reality that sentiment changes instantly to bullish after another surge that FOMOs everyone to $50,000/new ATH. Then does the current “bearish” sentiment truly matter? “Coiners” are an insconsistent kind of people. You have been given another opportunity. TAKE IT!

[Wexnident]

Well as someone who invested when it crashed last year, it looks pretty bullish to me. Ofc, in the past 6 months it's showing bearish signs but as someone who wants to hold long term, it's not really the area that I'm actually looking at. I'd go for bearish once it goes back to $15 maybe $20k. At that time, it wouldn't be surprising if a lot of people actually went ahead and quit since a lot of people actually invested in the market when it was at quite a high price. Would be quite expected for them to actually panic.

[palle11]

I'm really hoping it will be bullish but my monthly chart is rather giving a different picture to me and the bear is surprisingly down that I can imagine. I hope a reversal will happen like positive update or news that can change the swing down. I see below $20,000 and further down to around $12,000. Well it was also unbelievable in 2018 when price slumped badly to $3,500.



Price on a monthly chart and the red line is the area it may get to if bear continues.

[Lucius]

In the year following halving ask a question like this? Has no one learned anything from the example of 2017 or is it confirmed once again that people nowadays have a very short memory?



Someone is trying to trick you again, and most have just accepted their game and in the end you will be left with empty pockets, and they will buy new yachts and luxury residences. I'm totally bullish this year, no matter the price - there's something in the money, but still Bitcoin should be a lot more than that, right?

[thecodebear]

For the short to mid term I have no idea. Could definitely see the price over the next few months dropping into the 20s for a bit or staying roughly in the 30s as the price bottoms. Though it also wouldn't surprise me to see price move back over like $45k by end of July. Slightly longer term though definitely bullish. I think this is just a break in the bull market. Expect price to be hitting ATHs again by end of year, or at least heading back up there. For now at least I've cashed out my trading stash and just gonna sit and wait, either get in real low in the 20s or wait until a clear uptrend sends it over $45k. Long term portfolio, as always, unaffected.

[hatshepsut93]

Bearish, you can't call a prolonged 45% decline from ATH "just a dip". After the crash we already failed to retake the $40k psychological level, we might try again now, with all these country adoption news, but if this fails, we'll start testing the $30k support.

There's no rule that says that Bitcoin will keep rising as fast as it did after the previous halvenings, so we might have to accept that this bull run was smaller than the previous ones in terms of relative growth. The important thing that Bitcoin is still growing, so everyone will make some profit in long term.

[pooya87]

OP, the current “sentiment” is clearly “bearish”,

I disagree. The sentiment is bullish or undecided not bearish. If it were bearish we would have seen mass sell offs and a huge increase in shorts which we clearly isn't seeing. Even over the past 30 hours we witnessed a lot of sell manipulation that could only take the price as low as $32k and it jumped back up to $37k again. If the sentiment were really "bearish" then it should have escalated into more sells and price should have been $25k by now which isn't clearly happening.

BTW the votes and comments, even though entertaining, they don't matter. What matters is what same people do in the market.

[cryptoaddictchie]

Just wondering what the regulars of Bitcointalk think about the market rn.  And if you answered ‘bullish’ please drop a line telling us why and at what price range will you start going bearish.

I am not expert on TA but with the fundamental news that comes out such as Microstrategy is adding some bitcoin investment worth $500million is like a super bullish indicator. Also some renounced individual during Bitcoin miami expressed their sentiment over bitcoin.

https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-pricing-of-offering-of-senior-secured-notes_06-08-2021

Jack Dorsey founder of twitter too are planning to make a hardware wallet for bitcoin and some incoming development .for blockchain. Such news mentioned is so strong to be on a bearish sentiment.

https://twitter.com/Square/status/1401222539494387713?s=19

And also the recent news about the adoption of Bitcoin on El Salvador.

https://www.bbc.com/news/world-latin-america-57398274.amp

So did I voted on bullish.

[adaseb]

Before I voted I assumed most people would vote bearish. The sentiment here and everywhere is that many people are bearish on bitcoin. And this is why in the short term its bullish, however medium term its most likely bearish.

I think if we go back to $50K one more time, most people will become bullish again and think $64K will break and $100K will be the next spot. However most likely what will happen most whales and institutions and that Saylor guy will all exit their positions at $50K and then we might be bearish again because everyone is bullish.

Basically do the complete opposite of the market sentiment. This is one reason why its very difficult to earn a living as a day trader.

[Wind_FURY]

OP, the current “sentiment” is clearly “bearish”,

I disagree. The sentiment is bullish or undecided not bearish. If it were bearish we would have seen mass sell offs and a huge increase in shorts which we clearly isn't seeing. Even over the past 30 hours we witnessed a lot of sell manipulation that could only take the price as low as $32k and it jumped back up to $37k again. If the sentiment were really "bearish" then it should have escalated into more sells and price should have been $25k by now which isn't clearly happening.

BTW the votes and comments, even though entertaining, they don't matter. What matters is what same people do in the market.

I disagree too, that’s why I put the “quotes”. Plus for the right context, quote my whole post. I said coiners have always been inconsistent, and we can immediately change sentiment from “bearish” to “bullish”. OP, should zoom out and ask himself if the long term trajectory is “bearish”. Haha.