BTC Sentiment Poll for June

[adaseb]

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.

[pooya87]

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.

[Wind_FURY]

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.

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.

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.

[el kaka22]

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.

[Silberman]

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.

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.

[adaseb]

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.

[uneng]

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.

[Baofeng]

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.

[Wexnident]

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.

[0verseer]

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.

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.

[uneng]

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.

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.

[DoublerHunter]

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.

^ 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.

[adaseb]

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.

^ 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.

[aylabadia05]

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?

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.

[bitterguy28]

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 .

[ethereumhunter]

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

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.

[palle11]

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.

[tokeweed]

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.     

I'm thinking in a couple of weeks.

[Oceat]

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.

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.

[RealMalatesta]

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.

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.