BTC Sentiment Poll for June

[Yaunfitda]

LOL ETF spot approvals and halving have passed, the hype is gone now. We shouldn't expect new ATH in the coming months. Summer is usually not very good for BTC in addition. Especially June in the last 5 years. We need to wait for October to maybe see a new bull run, but before price will certainly goes down further towards 50/55k sadly.

The market crash after halving happens right away not weeks/months after it. That has already happened and we recovered. So historically speaking there is no reason for a crash to 50/55k.

Also historically speaking it shouldn't take until October to see bull runs. For example in the last halving we saw the first leg up start in August and summer wasn't really that bad.

Plus with Chad Saylor who's always finding Golden Opportunities to find DIPs, and buying into them, a "crash" down to $50,000/$55,000 would actually be a very welcome occasion for DIP buyers. Perhaps DCA buyers would welcome it as well, because it will give them more units in Bitcoin for the same amount of fiat invested.

I believe in this cycle, you don't wait for October, or the billionaires will front-run you. Plus it's impossible for plebs like us to time the absolute bottom, no?

Correct, for plebs like us, we don't time the market, or it is hard to time it, better to use our friendly strategy, DCA to continue to buy until we get exhausted, Lol. But in all, it's going to be good for us. Regardless if the hype has passed with regards to ETF, we rea already months from the block halving and usually it's going to be a very deliberate and slow climb. But once we got that momentum, sooner or later we will go on a parabolic rise. So no need to wait for October, just accumulate as what we have say and then we will be safe in the last quarter of this year and maybe finally that 6 digits are going to be there for us.

[Minor Miner]

LOL ETF spot approvals and halving have passed, the hype is gone now. We shouldn't expect new ATH in the coming months. Summer is usually not very good for BTC in addition. Especially June in the last 5 years. We need to wait for October to maybe see a new bull run, but before price will certainly goes down further towards 50/55k sadly.
https://www.coinglass.com/today

You are not the only person I see making predictions that bitcoin will drop to 50k/55k in the near future, most people are gradually becoming pessimistic after the last few days of market correction. But can you provide the data on which you base your thinking that bitcoin will drop to 50k/55k like you are claiming?

I don't know what will happen next and I don't rely on history to confirm the future of bitcoin, Bitcoin has always been like that, still very unpredictable and it often goes against the crowd's thinking.
Looking at the voting results, it can be seen that at the beginning of the month, people were very optimistic but things went against the crowd's expectations. And now perhaps people are starting to be pessimistic like you, so I think bitcoin will once again go against the crowd.

[tokeweed]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

[Popkon6]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

Yes it is, those who are currently selling bitcoins will suffer the most.  And they are waiting for the polls to turn red if they want to sell bitcoins and later buy bitcoins. But selling bitcoins is the worst sign, second current bitcoin market is generally low speed it has touched $70k to $65k. 

Now it is normal to have these small dumpings and bearish dumpings before the Bitcoin market turns into a bull market at the present time. Maybe the Bitcoin market is very likely to touch $60k and if it reverses again it will transform to touch $100k.

[maydna]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

If that is happens, that will be the best time to buy Bitcoin at a discount price. Perhaps we must prepare more money to buy Bitcoin at a low price. The more people worry and sells their bags, the more we will see the price will go down and will be our chance to buy more Bitcoin. They should not sell their Bitcoin no matters if the price is down but that will be up to them.

We can only suggest them to holds their Bitcoin and accumulate more when the price is down. But if they have another strategy, we can not force them to follow us. I guess we can see a down for more because the price is still at $65k but hopefully, the price can increases in the next weeks. Be patient guys.

[TravelMug]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

Most likely, but it doesn't make sense that smart investors are going to sell this month or are afraid of what they are seeing in the market?

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

Bearish short term, maybe for this month only. We all know that market is still based on FOMO. If there is something worth to FOMO, then for sure this market will go up again and pushes for at least $70k. Maybe another attempt will be a charm and finally we can get over that hump and maintain that price.

[AprilioMP]

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

I am a person who still hopes that this market situation can last until the end of June because it becomes an opportunity to add it to storage.
I do not really understand in scribbling paper to judge what the market will be like going forward, but I think there is still time to prepare for the Bullish market to be certain and Bitcoin makes a new history in terms of achievement of the highest price of all time.

[wiss19]

Maybe not going to be all that easy for "this" month but we are going to end up with better results eventually, it is going to be quite good. We just need to realize that we can't make it work, and that means we should be considering the situation to be sensitive and not really that complicated. I believe that as long as we have something to recover from, then we are going to be fine and nothing will mean much.

We should see the increase happen eventually, and that doesn't mean that it would be this month, it just means that we are going to see it eventually. That could be this month too, or maybe next month, or three months from now but we know that ATH will be broken and the price will go up a lot, even over 100k eventually.

[Uhochi]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

I see what you're saying, but I'm not worried about short-term price changes. Bitcoin has gone up steadily over the years, even with ups and downs. It might drop a bit, but I don't think it'll go as low as 50k-55k. The market is hard to predict, and people's opinions change fast. I'm holding my BTC for a long time, no matter what happens in the short term. I think it'll keep going up slowly in the long run.

[Sebas.tian]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

I think, that is where the price is heading to in this month of June, because the price has decreased to $65,000 few hours ago and the red light still continue displaying to prepare the mind of investors that bearish season is approaching. Based on what is happening now in the market, I think July will also going to be lower than what holders is seeing right now, because the price of Bitcoin is decreasing to the wish of some holders waiting to add to their Bitcoin when the price reach $50,000 which it will soon get to that price before the end of July. If you look at the market closely, you will know that bearish season will definitely appear before the end of next month for long term and short term investors to use the opportunity to purchase Bitcoin and hold for another bullish season to come.

[dansus021]

BTC Sentiment Poll for June the answer is going to be stable since this week is already in the end of week at 20 June 2024 and bitcoin is still at the 65K level and in the short term I believe bitcoin gonna retest at the near last support zone at 68.5 K level and from there if bitcoin break the resistance zone and it going to be 75K like you have said earlier.

Here is the chart

[El duderino_]

I don't vote in my own polls...  Yeah no bs.  But if I were to vote, I think I'd vote yes.  I mean look at the monthly chart below.  It was down for April but then it's up for May and it almost made up for the red candle for April.

And not just that, BTC is prolly due for a pump.  All sideways action with no signs that it's going bear mode means it's gonna trend up.  At least that's want I think.  Lol.

at the moment of writing already 20th of June.... suggesting under 75k for June though its still possible to go over 75k .... we have seen more crazy things...

[fuguebtc]

^  I guess if we stay in the same range as it is now til the end of the month, I think July's sentiment poll will be if BTC drops down to 50k - 55k..?   

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

I think, that is where the price is heading to in this month of June, because the price has decreased to $65,000 few hours ago and the red light still continue displaying to prepare the mind of investors that bearish season is approaching. Based on what is happening now in the market, I think July will also going to be lower than what holders is seeing right now, because the price of Bitcoin is decreasing to the wish of some holders waiting to add to their Bitcoin when the price reach $50,000 which it will soon get to that price before the end of July. If you look at the market closely, you will know that bearish season will definitely appear before the end of next month for long term and short term investors to use the opportunity to purchase Bitcoin and hold for another bullish season to come.

The interesting thing is that more and more people are becoming pessimistic and that is actually a good sign for the market in the coming days. I always believe that the market will go against the crowd's expectations and when many people are pessimistic and think that bitcoin will drop to $60k, or $55k in the future . That will be when bitcoin gradually recovers and surprises us.

As for me , I don't think we will make a new ATH anytime soon and will continue to grow stronger but I believe bitcoin cannot drop to $60k let alone $50k like many are scared . Additionally , I suspect that investors will buy more bitcoin if it drops more , which I see as people being more scared than excited to see bitcoin drop.

[BALIK]

And thinking about it now...  If that's the sentiment going forward then did the market just flip and became bearish?  I feel like a lot of people got spooked and sold their bags.  And now they want it to go lower to buy them back.

I am a person who still hopes that this market situation can last until the end of June because it becomes an opportunity to add it to storage.
I do not really understand in scribbling paper to judge what the market will be like going forward, but I think there is still time to prepare for the Bullish market to be certain and Bitcoin makes a new history in terms of achievement of the highest price of all time.

Bitcoin will definitely reach a new ATH and will even surpass the $100K target as many are expecting but the question is when will that happen, and what we are discussing is just a prediction for this June.

Unfortunately, I'm late because the voting has already ended but I'm not surprised with the result as everyone hopes bitcoin will increase in price and reach $75k this month. But with what's going on and if voted again, I think people will choose the opposite option .
@OP, I'm looking forward to your poll in July and I will support your idea if you actually add $55k to your poll. If bitcoin continues to move sideways and trade below $65k by the end of the month, I wouldn't be surprised to see most people leaning toward a $55k scenario next month.

[CageMabok]

at the moment of writing already 20th of June.... suggesting under 75k for June though its still possible to go over 75k .... we have seen more crazy things...

Even though a lot of crazy things have been seen so far, the price difference from two weeks ago to now is not too far because the $65K area is still quite strong support at the moment even though predictions of going to $75K are still very possible. Only for this month it seems that the $75K area will not be immediately exceeded by Bitcoin considering the correction that is still occurring in Bitcoin and the increase in recovery which still tends to be slow in the market for Bitcoin.

[letteredhub]

LOL ETF spot approvals and halving have passed, the hype is gone now. We shouldn't expect new ATH in the coming months. Summer is usually not very good for BTC in addition. Especially June in the last 5 years. We need to wait for October to maybe see a new bull run, but before price will certainly goes down further towards 50/55k sadly.
https://www.coinglass.com/today

You are not the only person I see making predictions that bitcoin will drop to 50k/55k in the near future, most people are gradually becoming pessimistic after the last few days of market correction. But can you provide the data on which you base your thinking that bitcoin will drop to 50k/55k like you are claiming?

I don't know what will happen next and I don't rely on history to confirm the future of bitcoin, Bitcoin has always been like that, still very unpredictable and it often goes against the crowd's thinking.
Looking at the voting results, it can be seen that at the beginning of the month, people were very optimistic but things went against the crowd's expectations. And now perhaps people are starting to be pessimistic like you, so I think bitcoin will once again go against the crowd.

Just a few moment of delay and some persons have started acting with fear about the price of bitcoin slashing down further than going up. I think most of these pessimists are those who felt bitcoin price was going to hiy the moon just immediately after the halving takes place but not going as they had planned and this is creating FUD for for them. People like you can only read one thing from them, that they have no deep background about how previous bitcoin halving has been afterwards before the bull runs. It's as simple as that.

[Jawhead999]

at the moment of writing already 20th of June.... suggesting under 75k for June though its still possible to go over 75k .... we have seen more crazy things...

We need something big news like China unban and accept Bitcoin or Biden become friendly to Bitcoin, this should able to pump the price.

Bitcoin will definitely reach a new ATH and will even surpass the $100K target as many are expecting but the question is when will that happen, and what we are discussing is just a prediction for this June.

Believe me, if you're trying to timing the market, it's really really hard than just holding until the price reach $100K and then choose what do will do next. It's easier to earn from real life job or freelance job, DCA-ing Bitcoin and sell it during bull run than flipping your money over and over.

[AprilioMP]

-

-
Bitcoin will definitely reach a new ATH and will even surpass the $100K target as many are expecting but the question is when will that happen, and what we are discussing is just a prediction for this June.

The answer to this question is always a mystery because none of us are able to answer it with certainty, but predictions and speculation based on existing history such as the four-year cycle can support our rationale for predicting when it will happen.

$100k or more is sure to happen for those of us with optimistic thinking based on historical data. Never mind the $100K that we predicted would happen, there are still 1 million people in the public space predicting it. That's because they understand the opportunities and challenges of the crypto market.

[aoluain]

It touched $70k earlier this June

And it just popped over $70k in the last few hours and its back to $69k.

For a June, to pass $75k and break out from there has to be on the cards for this
month. I'm sure there is growing demand and growing buy pressure at this stage after
all the expectations of both the ETF approvals and the Halving so these if they
manifest will surely drive the market upwards.

I have to back to my own post on the first page to reference that I thought we would be
heading towards the $75k mark but it seems that there are market forces at play trying to
keep the price down in order to satisfy and protect short trades from being liquidated and
to try and liquidate the long trades in order to push the market down.

So for June it has turned out so far to be a slight down trend with lots of sideways movement.

[uneng]

The news aren't good for the month of June. The expectation is that supply of coins for sale increase in the market with recent news of Mt. Gox redistributing funds to customers and German government agency moving 425$ million in Bitcoin. These events increase fear and pessimism among investors, who immediately think about a stagnation tendency in crypto market, which has potential to crash prices to inferior levels we wouldn't like to see again during a bull run.

On the other hand, there are always key investors taking opportunity from such crashes, always buying and accumulating more sums of Bitcoin once the prices crash a little bit. It helps decreasing volatility and keeping the market relatively stable, without major crashes which could drop us to 50,000$ and 40,000$. So far, that is what is happening, and hopefully it will remain like this until we see a new pump towards 70,000$ and 80,000$.