BTC Sentiment Poll for July

[BitcoinPanther]

Looking at the position of the price on the chat at $19,227, you will still be expecting that the price will still drop down more with the way is looking but anything can happen and the price may stay there or begin the pull back. The whales are gradually buying for another direction up, like El Salvador stocking up for the future. I believe the sentiment is still for bear but this is a fluctuating levels that can not be predicted.

The thing is whales aren't aggressively buying.  They are too passive that they probably just leave their buy order below the current market price in order for them to get Bitcoin at the most possible discounted price.  And just like the purchase of El Salvador, I bet they did not aggressively buy that 80 BTC, they just put it as a buy order and then got filled.  With this kind of strategy the buyer imposes, it isn't impossible to see Bitcoin go down to $14k  since the seller will eventually break this resistance and pull the price of BTC lower.

[1714961531]

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[1714961531]

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[1714961531]

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[Republikcoin.com]

I think with you the stock market today is very lonely and saturated because many of them are turning to gold earnings.
Maybe in early september we look forward to seeing all the changes in the crypto market and hope that everything is as we dreamed of all this time and get out of the hot market.

I also noticed that the price of Gold has increased slightly in the past few days and that some people have benefited from Gold. But that's another option they did when the market was still not recovering and that's perfectly reasonable I think. But you also need to know that the current market conditions are not the end for everything. So stay calm, and be patient even though what you dream of from the crypto market may not be achieved in the near future

[CapGelatik]

I'm not really looking forward to Bitcoin under $19k anymore, because I'm 100% sure the Bottom is there,
from my experience, the more people want cheap prices, then it won't happen, we'll see.

[dragonvslinux]

Second, there's no escape this time.  Just answer with a 'yes' or a 'no'.  None of that 'no idea' bs.    Let's make it fun!

That's no fun though! Indecision in the market is key sentiment in itself. I'd have voted "No idea" if I had the opportunity. I guess otherwise waiting to see if $19K holds as support, and voting thereafter would make more sense. Not to mention you are likely upsetting those who are expecting/waiting for $16K but don't believe price will drop to $14K, the same mistake I made on a previous poll apparently.

Despite appreciating these monthly polls you do, it doesn't quite confirm whether people are bullish or bearish at current prices if the two options are $13k - $14k or not, but you do you do  

[yhiaali3]

My predictions are that the drop will continue in July, we may go below $14,000, the decline may continue most of the summer and then bitcoin will start bouncing upwards, I'm not here analyzing but just guessing, I hope bitcoin will disappoint me and keep going up in July though I rule it out that.

[maydna]

My predictions are that the drop will continue in July, we may go below $14,000, the decline may continue most of the summer and then bitcoin will start bouncing upwards, I'm not here analyzing but just guessing, I hope bitcoin will disappoint me and keep going up in July though I rule it out that.

Even though bitcoin will continue to fall in July and maybe under $14,000, I won't be disappointed because I have more opportunities to buy bitcoins at lower prices. I believe this is the opportunity many people have been waiting for because they want to buy at the lowest possible price. In addition, if the price can drop further, I predict if the price starts rallying again, the price can rise higher than before. But like you say, that's just my guess, and I also don't know if the scenario will be like that or not. So we'll see.

[tbterryboy]

Because of this, I voted NO.

source:

There could be a correction right now but I don't think it will fall down in that range.
Another factor is that I don't see any negative news that can affect the Bitcoin price, instead, it's possible other countries will do the same as El Salvador did which is the reason we're possible back to the bullish trend.

They say that the amount was too small and it seems they are right because it didn't shake the market much. There might be no negative news directly with btc but there are those scams, stablecoins de-pegging, crisis, inflation and many more which I think have an effect to the btc and the overall crypto market.

The bullish trend can occur even if without those countries that will make btc a legal tender but El Salvador isn't alone with it but there are countries which already made btc a legal tender last time. Even though many users are speculating that btc didn't reach its real bottom yet, I am still against them so my vote for the poll is no.

[tn211]

My predictions are that the drop will continue in July, we may go below $14,000, the decline may continue most of the summer and then bitcoin will start bouncing upwards, I'm not here analyzing but just guessing, I hope bitcoin will disappoint me and keep going up in July though I rule it out that.

I have the same feeling. Looking towards the current financial outlook. Negative GDP in Q1, Expected negative in Q2, the rising of prices of the war things turn more negative soon. At least that's my prediction.

[tokeweed]

The poll is pretty close...  11 votes for yes and 14 votes for no.  But with the whole market getting some action on the buy side, I think people will start forgetting that we're still in a bear market.  But this bounce is good for a small, quick trade to make a little something something for sports betting.  Lol.

This is what I think...  After the bounce, BTC goes break down below 20k again and touches 13k - 14k range.  That's the part we wake up and start buying!

[cryptomaniac_xxx]

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

[Husires]

I will answer no, there are not enough and clear logical reasons for the price to collapse below the strong resistance level at $17,000.
With all the recent events, the price has held above these levels for a while, so it is unlikely that we will see prices below $17,000 during this month, and we may not see them unless something bad happens in Aug.

[dragonvslinux]

Can we reach $22k then?

We just tested $22.5K, so I'd say so. Predictably rejected by the 200 WMA. I can imagine buyers last month and getting out of losing positions for now, in order to reassess.

So this might be the trend again, and we might go back to $19k at the end of the month.

This I don't doubt for a second. Price could still consolidate for months to come in the $20K to $25K range, in order for the Weekly RSI to leave oversold conditions and trend higher.

[tokeweed]

Can we reach $22k then?

It seems that sentiment is very positive, but in the recent months, that's how we start. Couple of increase in the first and second week and then goes down hard again at the start of the third and then the fourth week.

So this might be the trend again, and we might go back to $19k at the end of the month.

We can tbh.  Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho.  But we'll see.  Crypto has been very sensitive to any kind of bad news lately.  You know...  The bear market of things.  Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week.    That's when the market is easy to trade.  The one we're having rn should mostly be avoided.  Then again, I could be wrong.  17.5k could be the bottom.  But as I always say, we'll see...  Nobody can really predict these things.

[Don Pedro Dinero]

We can tbh.  Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho.  But we'll see.  Crypto has been very sensitive to any kind of bad news lately.  You know...  The bear market of things.  Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week.    That's when the market is easy to trade.  The one we're having rn should mostly be avoided.  Then again, I could be wrong.  17.5k could be the bottom.  But as I always say, we'll see...  Nobody can really predict these things.

I would like to think that the worst is over and that for the rest of the month we will be in the range of 22,000 to 28,000 USD. As you say nobody predicts these things but it looks like we are not going to go below USD 20,000 again, which is a very cheap price for the cycle we are in, and in the future people will look back and think: 'I wish I had bought at 20,000'.

[CryptKeeper]

I am pretty sure we will go sideways for most of July. Even the stock market is looking pretty boring right now. Very little volatility.

Most people are enjoying the summer and not in front of a computer trading. I think September is when the real fun will start with stocks and crypto.

Exactly! July and August will be boring with little volatility. Stocks will be rising again probably in September and will drag crypto with them. The tide lifts all boats!

[Oasisman]

I think majority is looking forward for Bitcoin's another dip, and a lot of people are actually waiting for the to happen, especially when it falls to $15k or below. However a lot of people thinks $19k would be the bottom judging on how the Btc price were moving lately.
So, there might only be a slight chance for that to happen at least at this current month. Btc recovers to $22k and now it's trading at $21k.

[Wilhelm]

I think majority is looking forward for Bitcoin's another dip, and a lot of people are actually waiting for the to happen, especially when it falls to $15k or below. However a lot of people thinks $19k would be the bottom judging on how the Btc price were moving lately.
So, there might only be a slight chance for that to happen at least at this current month. Btc recovers to $22k and now it's trading at $21k.

Every bear cycle leaves a lot of bag holders behind, that will be waiting on the pad watching the rocket leave the atmosphere...

[Dart18]

I voted no although I want it to be as cheap as it could get. Something tells me it should not. I don't know, maybe instincts.
Maybe I am afraid that the number of FUD will increase. (although its already high now) If that happens, we don't know if it could go deeper because of the market reacting to FUD and investors in panic.
Let it stay playing at 19-22k and I wish that is the bottom for this year. If economy gets better next year then good times will come.

[Baofeng]

We can tbh.  Next resistance in the daily chart is at 28k and the bounce could very may well reach that imho.  But we'll see.  Crypto has been very sensitive to any kind of bad news lately.  You know...  The bear market of things.  Total opposite of the bull market when a little bit of good news would pump a random coin around 5x in just a week.    That's when the market is easy to trade.  The one we're having rn should mostly be avoided.  Then again, I could be wrong.  17.5k could be the bottom.  But as I always say, we'll see...  Nobody can really predict these things.

I would like to think that the worst is over and that for the rest of the month we will be in the range of 22,000 to 28,000 USD. As you say nobody predicts these things but it looks like we are not going to go below USD 20,000 again, which is a very cheap price for the cycle we are in, and in the future people will look back and think: 'I wish I had bought at 20,000'.

Not sure though if the worst is over, we still have the last quarter for this year, although historically last quarter specially the month of November-December might be good even in bear market, but we are still not out of the woods yet. There could be some announcement from Fed that might affect the price this July or the next coming months. But if you are talking $22k this month, yeah it could be achieved easily as we are almost on that price range already.

[tokeweed]

I am pretty sure we will go sideways for most of July. Even the stock market is looking pretty boring right now. Very little volatility.

Most people are enjoying the summer and not in front of a computer trading. I think September is when the real fun will start with stocks and crypto.

Exactly! July and August will be boring with little volatility. Stocks will be rising again probably in September and will drag crypto with them. The tide lifts all boats!

Are you following the market tho?  It's really not boring rn esp altcoins.  And from a TA perspective it looks like the bottom is in but from a macro perspective everything looks like it's all going to shit sooner or later.  So I guess go long with the bounce and see where it takes us.  I'm looking at 28k to be the resistance for this run.  Dunno..  I could be wrong.