BTC Sentiment Poll for June

[tokeweed]

May ended down around 7% which isn't really that bad imo.  I was expecting worse as you guys know how the saying goes...  Sell in May and go away.  Lol.  There were some sell offs here and there but nothing too serious like a huge sell down after a leading exchange getting hacked or their founders stealing from their own users, etc..

Overall not a bad month...  For a red month that is.

So if sell in May then June = Moon?    What do you guys think?

[Oshosondy]

We should not also forget to continue our fun discussion on Bitcoin price guess for 2023.

As for the month of June, bitcoin may remain less volatile in my opinion. I checked the monthly BB and I noticed that it has been three months now that bitcoin has been unable to go beyond the middle band and slightly going down in price, maybe bitcoin may not go up further but I am expecting it not to go that high or low. The price will be less volatile this month.

[Jating]

I voted for sideways, I think the bulls might have been exhausted for the last 3-4 months or trying to push the price to $30k. And we have the BRC-20 ordinals that has been clogging the network for sometime now that might have cause investors to be wary and not to pour their money on the market for now and till this month.

And history June lean on a bad month, so I'm not expecting significant movement, perhaps highs of $29k, but that's remain to be sign and it will depend on the sentiments of investors.

[Dr.Bitcoin_Strange]

Overall not a bad month...  For a red month that is.

So if sell in May then June = Moon?    What do you guys think?

There was a lot of pressure on the market in May, just as there were different speculations; some say it will go down to $25k; I even feared that Bitcoin would drop to $25k, but since I am not selling so soon because my target is not yet reached, I don't have to overwork myself with the price, especially as someone who is always dealing with Bitcoin every day. But it was not really bad, I think. I don't know how to analyze the market, but based on a few things I know, I think this month will not be as bearish as the month of May, but a bit stronger in price.

[Unbunplease]

If we trace the history, in June there was usually a drop in prices or a sideways movement. Now the Fed rate is almost at its peak, but there is no overly positive news either. Therefore, a prolonged sideways movement is the most likely scenario. It is unlikely that there will be a particularly strong drop or a rapid rise. July might be hot and June might be a period of accumulation.

[dragonvslinux]

So if sell in May then June = Moon?    What do you guys think?

Down before up! Was thinking this might already occur in May, a re-test of $25K or $23K, but clearly this is taking longer than expected. Hence I voted for sideways for this month.

Also the so-called "China pump" clearly never occurred beginning of June as expected and otherwise there is a short-term bearish structure of lower highs indicating further lower lows. That said, I wouldn't be surprised to see price correct to lower levels and end the month around $30K. I'm still relatively bullish long-term until proven otherwise, but right now there isn't any upside momentum.

[royalfestus]

I won't be monitoring the chart until November or December. However, starting from January or February, the market is expected to gain momentum and surpass its previous all-time high as we approach the halving.

[Questat]

If we would base this on the past year's performance, this month of June is somewhat of an uphill situation. But yes, can't assure anything because investor's behaviors had also changed, and with their experience, that possibly brought something different to the market.

Well, I'd predicted to have a few price pumps this month, a 9-10% increase seems to be possible. Not really it is good but can't push the market and the people to just hold their coins for the sake that the price will grow high as well. Generally, we just rely on how the investors strategies their investment, the more they hold, the better results.

[Kemarit]

The only thing that we can look at it right now is the previous history of June.

And so far we all know that June is red, unless we find ourselves in our break out run, but it's seldom happening in June. Usually, it's the last 3 months that really will have a good bounce after a worst bear market year like 2022.

So with that, not seeing anything that will push the price to higher levels, $30,000 will remain the resistance for this month.

[sheenshane]

So if sell in May then June = Moon?    What do you guys think?

Down before up! Was thinking this might already occur in May, a re-test of $25K or $23K, but clearly this is taking longer than expected. Hence I voted for sideways for this month.

I'm thinking the same way.
There might be a short correction that will occur this month of June, the same goes for last month's history, with price correction first right after there's a price increase.

This month could be a sideways pattern the same as the previous history.
But this is just personal speculation which is we know that the market can be influenced by sudden news events or changes in investor sentiment, making it challenging to accurately forecast short-term price movements.  So I encourage everyone to hold for a long period of time just like more than 6 months right after the next halving comes.

[TravelMug]

So if sell in May then June = Moon?    What do you guys think?

Down before up! Was thinking this might already occur in May, a re-test of $25K or $23K, but clearly this is taking longer than expected. Hence I voted for sideways for this month.

Also the so-called "China pump" clearly never occurred beginning of June as expected and otherwise there is a short-term bearish structure of lower highs indicating further lower lows. That said, I wouldn't be surprised to see price correct to lower levels and end the month around $30K. I'm still relatively bullish long-term until proven otherwise, but right now there isn't any upside momentum.

Yeah, long term I'm also bullish and we might see a upside before the end of the year maybe $40k-$50k might be there for the taking if everyone went well in preparation of a halving.

But so far the market for this month might have taken a step back, so not going to be surprised that we might be for a long sideways pattern again, weeks hard of grinding. But I think it will be good for us, this period of inactivity might be a good time to just re-invest again.

[fuguebtc]

I rely on the world economic situation to make my prediction, the Fed is still not clear on whether to continue raising interest rates or stop, so the market in June will depend on the decision of the Fed. If they announce a halt to rate hikes, that would be good news for us to hit our target of $30k or more this month. But if they continue to raise rates, the market is unlikely to perform any better.
For my part, I like the bear market, I don't expect the bitcoin price to go up that fast, and I will only think of a bitcoin price increase as we enter Q2 2024, meaning after the halving takes place.

[Husires]

June = Moon is a sentence that bears many questions. The moon, as understood, is for Bitcoin to break the highest barrier, which is above $60,000, and this is impossible. The moon may mean that we will rise to levels close to $60,000, which is also impossible.
So the moon, even if the moon means that we will rise from the close of May, you are using it in the wrong place.

During the middle of the year, trading is usually slow and trading is boring. Therefore, if we maintain these levels, the matter will be great, and I do not expect any rise above the $35,000 level.

[Yatsan]

Many people are waiting for its market price to fall for them to enter with a huge price discount. If it is general possibility then there is as evident with the CME Gap. But as we all know, once buyers created a pressure, then we are more likely to see a continuous price increase. The market is now showing higher volatility than last month seeing altcoin prices with 40% increase while the price of Bitcoin plays aaround $27 - 28k. I'd say there's a higher tendency for the price to fall and fill the mentioned gap above mentioned. There's no concrete reason for an uptrend right now to trigger an uprise movement so it would more likely go the other way around.

[el kaka22]

I think it is going to end up 30k+ and it will stay around those levels. I do not see it go 32k+ for example, that would be too much for one month and I am guessing that it will hurt the price and all. However, if we could end up with something bigger and better, then we could do bigger and better as well.

I think the realistic approach is that it will be either barely going above 30k, as in literally just 30.1-30.2 etc type of small increase, or it will probably end up with something under 30k again, but I still think that it will be higher. Whatever it has been so far, it may see higher than that, and that is the road we are on because of the halving, people are afraid of selling, and they are a lot more willing to buy at this moment as well.

[waONE]

Sentiment in June in my opinion is very good, the price of gold has also increased at the beginning of this month,
and usually the price of gold will have an impact on bitcoin, so if gold rises  the price of bitcoin will also increase,
and it is proven that now bitcoin is above $ 27k before bitcoin was at $ 26.7 k,
yes hopefully Bitcoin can break out from $ 30k and go to $ 40k or $ 35k this June.

[Asiska02]

So if sell in May then June = Moon?    What do you guys think?

After the end exit price of bitcoin at the end of May, I don’t see even a slight bull coming up by the end of this month. We had so much hope that the price will increase slightly than what we saw but it didn’t. I still feel the price this month will have no relative effect than the previous month’s. If at all a price increase will happen, it might still fall back or even go esser than its initial all-time low for this month. I don’t expect anything big of a difference this month than the former one, let’s just fold our hands and see how the market transpires.

[Husires]

My predictions for the month of June are positive. Markets always go against expectations. If we thought that 29K is the old 9900, then we will be surprised that we broke that barrier, but I do not know whether we will hold above 30kfor a long time or not.

Many people are waiting for its market price to fall for them to enter with a huge price discount. If it is general possibility then there is as evident with the CME Gap.

Those who wait for the price to drop are those who will not buy at a low price, you will always find them afraid of the price drop and they want to buy at the lowest possible price, so if the price reaches 25K, they will wait for 20K, and if it 20K, they will wait for 15K, and so on until the price suddenly increases and they regret.

If you did not buy when the price was less than 20K, and although all indicators say that the bottom is near, you will not buy when the price is above 26K, and everyone believes that it may decline.

[Captain Corporate]

Love these topics tokeweed, keep them up! I still think it will go to moon, and opted for them on the poll, but I have been thinking that for like months now and been wrong so far, I hope that this time I won't be and it does well enough. At the end of the day we all know that it will do fine eventually, maybe not this month, maybe not next but it will start to go on a bull run eventually. This is why I keep thinking that will be the month we are on, whichever month we are on. I hope that we really start going up a bit, we really need to, it has been pretty disappointing since that 30k+ during April, because since then we haven't been able to see above that again, I am guessing it could be this month. Lets hope that we get it, and we see above 30k at least, even if not like a moon or something, 30k would mean that we are back at the top again and something is cooking, that will get people excited a bit more.

[Fundamentals Of]

Meh, sideways. Bitcoin has been generally boring ever since the second quarter of the year came in, ever since the price has finally emerged from below $20,000 in March. Although there was a little hype some time in April because of the attempt to turn $30,000 into a support after breaking it, that hope was quickly dashed.

I guess this isn't simply the time for a trip to the moon. So this entire 2nd quarter will probably be a dance within $25,000 and $30,000.