BTC Sentiment Poll for July

[boltz]

I still do believe that Bitcoin will fall under 20k during this summer and most likely will fall under 15k during the winter and beginning of 2023. If this scenario will happen , Bitcoin should start to drop in price by the end of July and start of August as previous bear markets were kinda the same during 2018-2019 and 2015-2016. The charts also indicate that we didn't hit the bottom but we all know it's super hard to predict the bottom but you can anticipate some margins.

Of course there is always the opposite scenario when BTC could go over 23k this July and if that happens , there is a pretty good chance to continue to climb until 29k range when it will meet a strong resistance.

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[fullhdpixel]

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.

28k all at one move could be a bit of a difficulty. I am not saying that it won't happen, all I am saying is that it doesn't seem easy to do, it should take a while before it could do that. I am guessing that the best thing to do right now would be wait and see, and hope that it goes up at a reasonable level, instead of a very high one.

I understand why people expect 28k right away, but we should learn to be happy with 24k if we reach there as well. Doesn't mean that it's a bad decision, it just means that we are doing fine and if we end up somehow at 28k then we would be happy about that even more. That's how I am trying to approach it at least.

[Wilhelm]

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.

28k all at one move could be a bit of a difficulty. I am not saying that it won't happen, all I am saying is that it doesn't seem easy to do, it should take a while before it could do that. I am guessing that the best thing to do right now would be wait and see, and hope that it goes up at a reasonable level, instead of a very high one.

I understand why people expect 28k right away, but we should learn to be happy with 24k if we reach there as well. Doesn't mean that it's a bad decision, it just means that we are doing fine and if we end up somehow at 28k then we would be happy about that even more. That's how I am trying to approach it at least.

Bitcoin will indeed go up but it's going to annoy all the greedy bastards and get them to rage quit first

[GeorgeJohn]

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.

the want of people in cryptocurrency doesn't determine the regulations of cryptocurrency. The regulations is dependable directly or strictly to the market determination structure. What actually you can see bitcoin at before you can believe that it has gotten to the bottom is what?  At any moment Bitcoin is stagnant it's the bottom of bitcoin and even other cryptocurrencies at a moment, because expecting bitcoin downgrade more than this way, it's quiet unexpectedly. While it's having a positive situation and report currently, it's because people or investors are returning to the market gradually.

[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.

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.

Oh ok, I haven't make any chart yet because of the volatility so I stop for this month. So maybe in short term or at least for this month, it will be good to see $22k (currently at $21,719.21 per cmc).

And I agree, the market is very sensitive that we will react to any bad news, specially like the Fed rate hike and then the war in the background. Everyone is affected, even the traditional stocks has also impacted with this news. Hopefully that $17.5 will be our bottom, no more bloodbath or at least we have seen it this year.

[STT]

A 2nd retest under 20k is at least 50% likely I think.   If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar.  Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

[Ryker1]

A 2nd retest under 20k is at least 50% likely I think.   If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar.  Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Well perhaps we must be careful of this recent minor increase in the price, it could be a reason to trigger pull out the price but perhaps I am wrong but it is not time to celebrate showing the market green. The month of July is something interesting to watch because if it will resist, there could be a bull run but if it will field, for sure there will be another correction will occur. However, we should watch the market closely so that we will know this month of JULY.

[fzkto]

A 2nd retest under 20k is at least 50% likely I think.   If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar.  Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Therefore, a test of the upper limit of the channel might tell us that a break-up might occur. To be honest I believe this more than Bitcoin will soon fall back to the level of the previous bottom. There has been a lot less negative news on the market so far, which might be a good thing.

[tokeweed]

A 2nd retest under 20k is at least 50% likely I think.   If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar.  Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

You've been watching these markets for as long as I am to say that's not usually the case.  Here's what happened in the past.  We get dead cat bounces and then sideways action...  Everybody starts thinking it's finally the 'bottom' then out of nowhere a quick sell down lower, hitting the bottom for a slooow recovery up.  But by then a lot of peeps have run out of money or have given up at the most crucial moment. 

[RealMalatesta]

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!

I agree that it looks quite close to each other, but there has always been some people who were going with the flow of bitcoin at all times. Some people who see it go from 20k to 30k think it will go to 40k, but see it go from 30k to 20k think it will be 10k. They do not really comprehend the "it will eventually stop" mindset, which is weird because by that logic it would be either one million dollars or zero.

In the end, we are going to see the price stop going down, and we probably saw it already, it is doing alright right now. If we believe that and continue like that, we should be fine, there shouldn't be any problems at all. That is at least how I see it going.

[Baofeng]

A 2nd retest under 20k is at least 50% likely I think.   If we only test the lows it would be quite calm by comparison to the extremes in prospect, I was expecting worse with this great upset in two main components to dollar.  Its an external shock this time is how I see it as Euro and YEN weakness at the same time and yet the FED raises rates and other events, all adds up

Or more likely a retest to the previous all time low of $17,500 will be met in the following months. I'm not sure but is there a FED rate announcement this month? If there is then definitely, this kind of scenario (testing all time high), is likely going to happen.

We've seen one government already being affected by the war and the oil price and the pandemic that it can't sustain, and they declared bankruptcy and the government falling, and that is Sri Lanka.

[Poker Player]

I believe that for the rest of July and August we are not going to have any big surprises. It is normal that we will stay more or less at these levels, maybe going below $20k again or maybe going up, but I doubt very much that we will go over $30k.

In September we will see, things will start to move again, and the way the general outlook looks I don't see it very bullish, but who knows.

[Mpamaegbu]

I believe the bear hasn't still been exhausted. BTC is more likely to head south once more before leveraging up scale. To that effect, I'm hoping a $12-13k movement is possible and I think we are going to get there before the end of this month. A lot of those who buy now are likely going to be scared out when that time comes and will offload whatever Bitcoin they've in panic, especially the noobs among them. If you're a noob investor and you're reading this post now, I urge you not to panic when you find Bitcoin in that region. Hodl, and don't panic. BTC has been known to bounce back from worse scenarios.

[Rufsilf]

I believe the bear hasn't still been exhausted. BTC is more likely to head south once more before leveraging up scale. To that effect, I'm hoping a $12-13k movement is possible and I think we are going to get there before the end of this month.

The bear season will still extend until the end of this year but never have I seen this will drop below $15k this month and even in the coming months.
Just looking at the market chart seems to see the price of Bitcoin just moving back and forth ranging from $18k - $21k. This could be the sentiment we are able to see the whole year until this bear season ends.

Well, I think we need also to extend our patience as well as it takes a little bit longer before we got in profit. Holding really matter at this time.

[EdenHazard]

I believe the bear hasn't still been exhausted. BTC is more likely to head south once more before leveraging up scale. To that effect, I'm hoping a $12-13k movement is possible and I think we are going to get there before the end of this month. A lot of those who buy now are likely going to be scared out when that time comes and will offload whatever Bitcoin they've in panic, especially the noobs among them. If you're a noob investor and you're reading this post now, I urge you not to panic when you find Bitcoin in that region. Hodl, and don't panic. BTC has been known to bounce back from worse scenarios.

I was always in anticipation with bitcoin at $17k area is my dip as we have reached that price last month and we bounce back to 22k yesterday but now we are heading back to below 20k ... well the pattern is become clearer now ... despite yeah still nobody knows what is the next market move.

Dropped in a range of $17k and $21k is where you could make money instead of being panic.

[justdimin]

I believe the bear hasn't still been exhausted. BTC is more likely to head south once more before leveraging up scale. To that effect, I'm hoping a $12-13k movement is possible and I think we are going to get there before the end of this month. A lot of those who buy now are likely going to be scared out when that time comes and will offload whatever Bitcoin they've in panic, especially the noobs among them. If you're a noob investor and you're reading this post now, I urge you not to panic when you find Bitcoin in that region. Hodl, and don't panic. BTC has been known to bounce back from worse scenarios.

It would be quite tough to make it go down from here. All the weak hands are already gone, which leaves people who would like to short bitcoin right now and make money from it by selling their coins and make it go down. Not impossible of course but quite unlikely.

It takes a lot more money to make it go down than the amount of money required to make it go up. When that flips, people realize that they would rather make it go up than keep getting it even further down. Just to give an example, if you sell 1 billion dollars worth of bitcoin or if you buy 1 billion dollars worth of bitcoin, the % profit you could make is bigger in the up version, hence why I believe it will go up.

[GeorgeJohn]

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.

the fact is that nobody knows when cryptocurrency price is going to be normalise because looking at this year market plans. It is quite obvious that the market kept showing negativity which it is open to everyone that this July that is no hope of little experience of bullish increase in the cryptocurrency. Secondly, I don't base prediction of cryptocurrency to analyse what market will determine in the next step. Because i see cryptocurrency like unpredictable currency which nobody knows it's regulations and validation

[ShowOff]

Actually I don't have a good idea about the possibility, but it's always possible to see such a big drop. $14K is a much lower price than the previous low, that's still possible because the bear market is still holding up today. I wasn't expecting such a decline actually, but we couldn't prevent it. Maybe I would have thought the end of July the bitcoin price would close at around $18K, but who knows?

[Taskford]

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.

the fact is that nobody knows when cryptocurrency price is going to be normalise because looking at this year market plans. It is quite obvious that the market kept showing negativity which it is open to everyone that this July that is no hope of little experience of bullish increase in the cryptocurrency. Secondly, I don't base prediction of cryptocurrency to analyse what market will determine in the next step. Because i see cryptocurrency like unpredictable currency which nobody knows it's regulations and validation

If there's nothing events to await which can hype the investors this year then maybe we cannot see any bullish season to happen this year, the bullish season I mean is the same what happen on halving season effect so most provably its either we go stable or drop. But for sure many are aware of possible dump so for this we must prepare for something bad to happen so that we can get the best position as possible to gain profits for future pumps.

[palle11]

Maybe I would have thought the end of July the bitcoin price would close at around $18K, but who knows?

$18k is still a bear price for the end of the month, it may still go further down by the day since it is still the trend. The price today seem a little stable and better, no high fluctuations. The range is oversold from RSI but I think the market is taking some time to begin uncertainty and the rush for buy will take price up back.