In July do we go bull and pass 75k?

[philipma1957]

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

[AbuBhakar]

It’s normal that you will still feel bullish now since the price is still doesn’t break the strong support located at 58K to 60K level which is impressive for Bitcoin to withstand until now the potential dump since the current price is still close to the ATH. Normally, Bitcoin should correct near 30%-50% before the ETF was approved but right now it’s so hard to dump Bitcoin that gives hope for an easy recovery.

We are back again to a deciding moment for Bitcoin whether it will recover or continue to dump which is always happening on the end of the month. I’m also bullish too not only on July but this year in general since Bitcoin is showing impressive resilience in longer duration.

[NeuroticFish]

While there's the saying "sell in may and go away", I do think that soon enough the trend will go upwards again - after some of the current sellers start depleting their stash.
I hope it'll be in July, but I'm not that certain.

So my call is still "stack sats and stay humble", hence I voted for DCA.

[uneng]

What reasons make you bullish at this moment? What I'm seeing right now is Bitcoin slowly retreating, even though it's fighting bravely to stay above the 60,000$ line.

However, resistance level was 62,000$ by yesterday. Today it's already 61,000$. The margin between resistance and support is getting thinner and thinner. The pressure from sellers is increasing and I'm not confident if buyers will resist maintaining Bitcoin stable at the current price range until a new bullish trend takes place.

June hasn't ended yet, though. The real market feeling for July will be more visible once the new month finally takes place.

[Felicity_Tide]

In July do we go bull and pass 75k?

The market has been unpredictable for a while now, except there is a major event that's coming up in July that I don't know of. We've been bullish for a while now even though we are currently experiencing price stagnation. But I don't think that should not affect or stop any of us from continuing with our dca strategy.

Let's hope the month of July gives us a better market price than that of June.

[Orpichukwu]

If this pool had been created earlier in the past week before MtGox refund distribution started, that would have contributed to the market drop. I think, without doubt, the vote could have been more than $75,000. 
 
But who cares what the price is actually going to be by July if the main plan is to buy and hold for a long time? I voted for "does not matter" because the price as of that time won't really matter unless the purpose of buying is to save time.

[bittraffic]

What reasons make you bullish at this moment? What I'm seeing right now is Bitcoin slowly retreating, even though it's fighting bravely to stay above the 60,000$ line.

However, resistance level was 62,000$ by yesterday. Today it's already 61,000$. The margin between resistance and support is getting thinner and thinner. The pressure from sellers is increasing and I'm not confident if buyers will resist maintaining Bitcoin stable at the current price range until a new bullish trend takes place.

June hasn't ended yet, though. The real market feeling for July will be more visible once the new month finally takes place.

It does look like it's going to dip deeper. It started its own bull run at the beginning of the year. It did break the ATH for a while but then it also hit its peak the overbought level which is now retracing.

If it's going down maybe it will need to hit its bottom again at the price of maybe $57k or the strongest support line I see is the 52k.  The market is unpredictable though so this could be a wrong interpretation of this retracement.

[salad daging]

Doing DCA still continues, but we are still not sure in July bitcoin to $75K is because it is based on the word that Mtgox will distribute their bitcoin to its depositors, although I would be less confident that this will be done by Mtgox.

We have to how the market sentiment in early July which is a few days away will come sometimes the market usually strengthens at any time this is difficult to guess, it's just that we are still doing DCA so what is expected when buying prices is still falling so that's what we want.

[stadus]

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

Even if july do not seem to be bullish at all, I’ll still stick with DCA. That’s my best option to secure a potential amount of bitcoin when I’m no longer capable of buying anymore. However, I’m still optimistic that July will bring good news and eventually create a more bullish market for us, and when that happens, we may not stopped onto $75k only but might go beyond that price. That’s the most exciting when you are investing in a highly volatile coin, it may surprise you in an instant but it will also make you suddenly lose your future profits  when you don’t act cautiously.

[Knight Hider]

I do not want to back off and accept defeat for btc.

Why do you even bring this up? Btc is doing good, the high price point is holding for months now. A small drop is nothing.

[Ultegra134]

It does look like it's going to dip deeper. It started its own bull run at the beginning of the year. It did break the ATH for a while but then it also hit its peak the overbought level which is now retracing.

If it's going down maybe it will need to hit its bottom again at the price of maybe $57k or the strongest support line I see is the 52k.  The market is unpredictable though so this could be a wrong interpretation of this retracement.

I'm not really into speculation; the market is extremely unpredictable for me to voice an opinion. However, I also believe that Bitcoin is going to dip even further, possibly a tad below $60,000, and to be honest, I'm not bothered by it at all. The lower the price, the more Bitcoin I can acquire, so I personally see it as a win-win scenario.

I'm curious, though, @philipma1957. Is there any particular reason to believe Bitcoin will pass $75,000 in July? The past few weeks have been a little bearish, with Bitcoin fluctuating between $60,000 and $64,000, while the past few days it seems to be having a downtrend, which doesn't make me too confident about July.

[Hazink]

I do not want to back off and accept defeat for btc.

Why do you even bring this up? Btc is doing good, the high price point is holding for months now. A small drop is nothing.

I see nothing wrong with a bitcoin price prediction game trying to get what your fellow hodlers and accumulators think the price the price will be in the coming days or month.
 
Personally, with the way the market is moving, I don't see it crossing to $75k by July. $70k might be achievable, but $75k with the current market situation will be a tough one.

[Ojima-ojo]

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

I believe that 75k price is not too much for Bitcoin at the moment, considering the fact that in recent time Bitcoin have exhibited a lot of bull tendency and for that July being a month that many business and individual will already be in actives business activities buying position won't be as stressful as this moment and that could be a possible push for the market.


Although let us not expect too much and we shouldn't be disappointed if by July we see Bitcoin dip more in loses, at least we ride on the saver zone and that is to hold for long term because I am sure that by next two years Bitcoin price should be double of what it is right now.

[EL MOHA]

Doing DCA still continues, but we are still not sure in July bitcoin to $75K is because it is based on the word that Mtgox will distribute their bitcoin to its depositors, although I would be less confident that this will be done by Mtgox.

We have to how the market sentiment in early July which is a few days away will come sometimes the market usually strengthens at any time this is difficult to guess, it's just that we are still doing DCA so what is expected when buying prices is still falling so that's what we want.

The thing is by the beginning of the year after ETF approval there was report of much buys by this institutions which lead to an overbought at the market, I don’t even get why some investors were surprised about this recent dump. The correction was needed and right now if you ask me I think the month of July will be bullish my reason been that the support zone at the $58k level (monthly TF chart) is very strong one that will take a very negative impact news to break. They have been many recent tap of the liquidities there and the price easily bounces off from it.

I am much aware of the FVG left by the overbought between the price of $52k to $58k but the recent volatility rate decrease of bitcoin wouldn’t allow us to see it been filled easily, that will mean almost a -20% market change, seriously I don’t see that happening now.

[JoyMarsha]

I doubt if bitcoin can. What I can see Bitcoin do in July is hover around $58k-$65k till the MtGox sales fade out from the market. Maybe towards August or September, we may be thinking of the increased price of $75k to be possible.

For the time being, what we should care about most at this time, is to apply a DCA strategy to our bitcoin investment nothing more.

[Jewan420]

I don't know exactly why you are bullish? Today's Bitcoin price is around $61k which is in bear trend around $13k from ATH. Buyers are feeling a lot of pressure. Many investors panicked at the bearishness of Bitcoin and sold their savings. As a result, the price of Bitcoin is going down. There are many investors, who will take advantage of this bearish market and buy bitcoins at low prices, thus the bitcoin market will move towards a bull trend. Seeing the bullish condition of Bitcoin, many people will be tempted to start buying Bitcoin and Bitcoin will rush towards another new ATH. But it will be next July or not? I doubt it.

[GigaBit]

The month of June is almost over but Bitcoin is holding a bearish position. Looking at the market trend, it looks like it could go further down. I think the Bitcoin price will continue to decline until about the second week of July. Moreover, in a recent SEC announcement, Ether Spot ETFs have been asked to wait until next July 8 for approval. I think the btc price is unlikely to rise too much till this time. You may even have to wait for the whole month of July. Again if Ether ETFs are not approved at that moment then a bearish trend will help further lower the price of Bitcoin. We have to wait for July for all this. But regardless of the market conditions, Bitcoin holders, especially those ‍are doing DCA, will benefit more.

[ginsan]

It is better to DCA because to buy at once at the current price is not capable in the sense that finances are still not enough to do that unless DCA every month or week.
I can't see well for July because I don't do anything with bitcoin just hope it can happen when July bitcoin starts recovering again.

I will not retreat even though BTC continues to decline while DCA will continue until it accumulates more in the portfolio, do not want to be a deeper panic with the current situation can only be optimistic that by doing DCA we can earn more all the time.

[ShowOff]

Just like you, I'm still bullish here. I don't believe there will be a bigger impact from people panicking about Mtgox's bitcoin distribution plans. The accumulation plan remains in priority, but I will adjust it slightly to the need for a reserve budget. I'm thinking about something bigger, but it would definitely be great to get bitcoin to break $75k by July.

The daily bitcoin trading volume is much higher than the total bitcoin that might be sold from the Mtgox distribution, so I wouldn't worry too much about a slight drop. Dip should be exploitable, but DCA is certainly worth considering.

[stomachgrowls]

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

When it comes to price predictions then it would really be always that having that "MAYBE" on my mind on which im really that making myself that versatile as much as i can.
We do know that market is really that unpredictable and there's no way that you could really be able to make yourself that make things happen on what you do expect.
When it comes to TA approach then there's really indeed that a possibility that we would really be reaching up this number considering that we've been holding strong on 60k+
point or area on which this do signifies that there would really be that chance about shooting up the price on that particular value but of course
everything would really be that a prediction.

There would really be tons of factors that will really be affecting overall movement on which we know that it could make market shifts in an instant whether
there's some good or bad news on which this isnt new anymore.