BTC Sentiment Poll for July

[tokeweed]

There's a guy online who says he got some data that goes back to October 2009 and it shows that BTC's best performing month on average is July.  He also looked at the same data but just for the past 5 years and it says that BTC's best performing month is October then followed by July.

He uploaded a couple of bar charts and a line chart showing what he gathered.

https://twitter.com/tedtalksmacro/status/1674654489746329600

Here's BTC's monthly chart.  It's looking good.  Up 11.99% for June.  Basing it on pure optics, it looks like it's going up some more.  And I feel like more people will vote 'yes' in this month's poll.

[Kemarit]

I voted for Yes.

We have the momentum already, so just need another good news to push the market again. Although SEC says that the application inadequate.

Feedback from the Securities and Exchange Commission (SEC) that bitcoin spot exchange-traded fund (ETF) applications filed by Nasdaq and Cboe on behalf of investment giants BlackRock and Fidelity as inadequate is “not an indication that the product is not viable,” says a person familiar with the applications, who requested anonymity.

https://www.forbes.com/sites/stevenehrlich/2023/06/30/secs-rejection-of-bitcoin-spot-etfs-is-more-speed-bump-than-stop-sign/?sh=d2eb17737559

And yet the price didn't move a bit, actually it went as high as $31,000 before it goes down on a decline to lows of $30,000 and now trading at the middle, $30,500. So it's just a timing, so maybe if July has another good news to boot then the bullish sentiments might continue, IMHO.

[imamusma]

I hesitated, but instead chose "No" to answer your question on the poll.
There are actually a lot of factors I could consider choosing "no", and one of them is the similarity of the pattern between the 2020 halving period and the 2024 halving period. If the pattern true, then I think we will go lower this July. Things may change and we get different realities, but I've just ignored a lot of worries about that. Keep hold on, that is my current plan until at least 18 months after the 2024 halving.

Going back to July, I think we're going to be in the $28k - $34k area. $28k is the support I am considering, but if bitcoin can break the $32k resistance then I hope $35k won't be difficult.

[OgNasty]

I voted for sideways. I think we’re going to see a month of accumulation before making the next move upward. When we do make the move upward though I am expecting a jump to nearly $40K in a very short time period. I just don’t think it’ll happen so soon, but it is still the beginning of the month so maybe it happens near the end…

[Nwada001]

I voted for sideways.
I don't know how to read charts, but judging by the recent happenings and the halving being around the corner, there is a higher chance of us seeing another breakthrough to at least $35k in the coming days of July, but not this early.
 
There is also another higher possibility of us seeing a price correction down to $28k if there is no positive news, which could possibly help push the price forward a little bit because for the past few days the price has been regulating between $30,000 and $30,600, so any small negative news could either drag it down to below $30k or above $31k when the reverse is the case.

[Oshosondy]

For now, bitcoin price is difficult to guess where it is moving to, either bull or bear is what I can not guess now. The market has been resisting to go below $30000 and the market seem bullish as of now and we do not know what would happen. I think the bulls are still buying and this may increase the price further, but also the market can be deceiving at times, this makes me not to know what would happen. But if bitcoin increase above $32000, likely we are going to $35000. If Bitcoin does not pass $30000 to $31000, it is possible that the price may fall back below $30000 again. But as of now, I can see the bulls at work. I will choose sideways though.

[ololajulo]

Bitcoin's price exceeded $30,000 a week ago, but it experienced a minor decline since then while still maintaining a trading value above that threshold. Presently, the crypto market displays a slight bearish sentiment with no notable news impacting it. Nonetheless, the long-term sentiment remains optimistic, suggesting that Bitcoin could potentially surpass $35,000 by the end of this year.

[rhomelmabini]

I guess sideways, it's hard to know whether we can continue the momentum or not but it seems that there's still doubt. If the cause of the pump was because of BlackRock filing for a spot Bitcoin ETF then I think it should have to be the same news that will drive market to a new heights. In the short term or for July I think we really got to be sideways.

[Hypnosis00]

Here's BTC's monthly chart.  It's looking good.  Up 11.99% for June.  Basing it on pure optics, it looks like it's going up some more.  And I feel like more people will vote 'yes' in this month's poll.

I was into that market view. This 3rd quarter was probably have the chance to see the price of Bitcoin will move and getting a distance from the $30k barrier. I have the insights that we will reach $35k this month but still with some corrections moving it up and down. And that person can be right in his assumptions, rise is probably what we are going to experience this month. However, this will also change depending on how the community responds and manage their emotions upon reading the FUDs.

[Stalker22]

I cast my vote, but let's face it, my vote is just as good as anyone else's. It is all just wild speculation. It could swing up, it could swing down, or it could go sideways. The only thing it won't do is take a backward leap. So, whatever we are in for this July, I have a feeling it is gonna be one-of-a-kind, like nothing we have seen before. Brace yourself for the unexpected!

[_BlackStar]

Yes - I voted for it because I tend to believe that there will be a hike in July.
At least I'd expect a good bounce above $35k - but sideways are also very likely. Not sure about a correction deeper than $29k - if so, I hope it's just a panic correction and price will be back above $30k.

Before breaking $37k - we should expect $32k to be broken. Currently $32k is unbroken resistance despite having been tested several times during June.

[AmoreJaz]

Yes - I voted for it because I tend to believe that there will be a hike in July.
At least I'd expect a good bounce above $35k - but sideways are also very likely. Not sure about a correction deeper than $29k - if so, I hope it's just a panic correction and price will be back above $30k.

Before breaking $37k - we should expect $32k to be broken. Currently $32k is unbroken resistance despite having been tested several times during June.

it may not be 37k but the likelihood of getting 35k is high. if we reach the 31k mark, it can easily go up. but we need rock solid positive news to break such level. in case a negative one comes up, it may go down a lil bit.
but as of now, people are being optimistic as it has been months waiting to reach this level again.

[JoyMarsha]

A lot can happen in July, therefore it's difficult for us to predict if the price of bitcoin will rise above $37,000 as predicted or fall below the current price of $30k+. 

We shouldn't have assumed that the price of bitcoin would surge this month without first considering what kind of positive or bad news would be reported that would cause the price to soar or decline.

Whether Bitcoin's price will increase from $30k to $37k or decline below the stated amount by the end of July. Even yet, the only price I can see for July being is below $35k.

[adaseb]

I wouldn’t follow up too much on this. I remember prior to 2018, November was bitcoins strongest month. So then when November 2018 came around, people assumed it would rally in that month since it did nothing for most of the year. And what happened instead? Basically complete opposite.

Hence you can’t really use this as an indicator. I think it’s just completely random at this point. Only bearish months I can tell fundamentally are in March-April of the prior year was bullish due to tax selling. But that happens maybe once every 2-3 years.

[yudi09]

There's a guy online who says he got some data that goes back to October 2009 and it shows that BTC's best performing month on average is July.  He also looked at the same data but just for the past 5 years and it says that BTC's best performing month is October then followed by July.

He uploaded a couple of bar charts and a line chart showing what he gathered.

Let's see together what will happen in July which is said to be the best performing month for Bitcoin price.
Not accepting a spot Bitcoin ETF by the SEC could be a challenge in terms of price action, but I feel that July will be a shining month for Bitcoin prices as the past month's price history is still very much to be hoped for.
The price of support is $30,000 and for me a good support even though later it can miss predictions.

[posi]

I am quite optimistic and confident that bitcoin will continue to rise in the coming days despite the SEC rejection of an ETFs, but predicting bitcoin to rise to $37k this month is too high for me. I predict bitcoin can break through $31k and possibly hit $33k before correcting. But my mid-term prediction for the end of the year, I still think bitcoin will have a strong correction below $20k, although many will oppose my idea. Because people don't want bitcoin to fall, but I'd rather bitcoin continue to fall than rise this year.

[Nrcewker]

We almost crossed half of the year. So yes this is the time when usually Bitcoins climbs up in price. The chart mentioned in the OP is absolutely correct. Bitcoins have always shown positive attitude after touching the month of July. June was pretty decent for the coin. I mean at first the price fell down to 25k usd, and again quickly recovered to 31k usd. I am expecting Bitcoins to atleast cross 40k usb by the end of July. Let’s hope for the best and keep accumulating the coins.

[topbitcoin]

I voted for sideways. I think we’re going to see a month of accumulation before making the next move upward. When we do make the move upward though I am expecting a jump to nearly $40K in a very short time period. I just don’t think it’ll happen so soon, but it is still the beginning of the month so maybe it happens near the end…

That means there must be a boosting price and bullish sentiment on Bitcoin if not it is very difficult to achieve by Bitcoin this month, at least in the middle of the month must touch the price level of Bitcoin up to $ 35k, then the opportunity to reach $ 40k is more likely to be achieved on end of month.

If seen from the Bitcoin chart shows a positive direction which means the bull is more potential in this display, but for some reason I am a little hesitant to predict that Bitcoin in July because I measure with economic stability and there are still many issues that have not been completed on Alt and exchange, but I hope it's just my mind. I chose "Yes" hoping for better Bitcoin.

[Wind_FURY]

I voted for Yup, not because I have a bull-bias, but because it's hard to debate against the data presented in the Twitter link posted by OP.

Plus Bitcoin has already gone through its most difficult challenges of the current bear cycle and it has come out of it completely unharmed, AGAIN. It's probably time for more "UP", no?

[Coin_trader]

Here's BTC's monthly chart.  It's looking good.  Up 11.99% for June.  Basing it on pure optics, it looks like it's going up some more.  And I feel like more people will vote 'yes' in this month's poll.

The price chart already shows us pattern of Bitcoin movement. It need something that double down or double top to make a strong move on a certain direction. The current price pattern don't have that pattern to create a strong run upside so I think the price will slowly correct on the following months until the previous cycle bottom was reached and then this time will be a very strong bull run that can break the previous ATH.

I'm more on sideways or slow correction as a preparation for the mega bullrun next year due to halving.