BTC Sentiment Poll for June

[tokeweed]

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.

That's not too far below 28k.    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. 

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[Silberman]

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.

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.

[Ziskinberg]

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.

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.

[beerlover]

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?

[btc78]

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?

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 .

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.

and looking at it now? it goes down still and yeah it seems that the value will fall down to 25k or lower .

[stadus]

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.

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.

[BitcoinPanther]

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



Analyst interpretation:

BTC DAILY:- Still holding the necessary $28k support, the last hope for the bulls.
Break below that level and BTC could reach as low as $19.4k considering the current pattern as a Big bear Flag .
However, if BTC manages to break and close above the $28.8 k to $29.3k by the weekly closes we can expect some green weeks ahead. Firstly the $32k level needs to be taken by the bulls.
So is it bearish now? Of course, if you see the ltf charts, it's damn bearish . If you think with the logic here, this might be the last sweep before the last rally? Well, honestly IDK. Time will tell. BTC is long long overdue for a green weekly candle.

Read more here: #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.

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.

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.

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

[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 .

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.

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.

[Yamifoud]

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.

[fzkto]

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.

[stadus]

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.

[tokeweed]

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.

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.    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.

[coolcoinz]

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.

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.

[CaVO32]

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.

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.    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.

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?

[rhomelmabini]

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.

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.

[Slow death]

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?

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

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

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.

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.

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

[peter0425]

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.

[Oasisman]

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.

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.

[P2PECS]

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.

[STT]

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