In July do we go bull and pass 75k?

[JollyGood]

Well, we are in to July and look at the state the price of Bitcoin is in at the moment. Many of us had hopes we would be looking at high prices and breaking new highs but that seems a distance away. We know it will happen eventually but right now there is no chance. The current $57,000 is a big disappointment considering people were talking about $100,000 in other threads and $75,000 in this thread.

[STT]

Ideally we never see the swings again we've had before but I'd agree its more probable then not.   The sell offs like we have right now are fairly moderate and far more welcome then continued failure over an extended period of time.

I do have some slight hope presently but its only on the shortest time frame.  So 57750 area was the peak of just a few hours ago, BTC comes back to that area now and finds a reason to go up.  If we held that point its the first foothold to start declaring larger positives and a build, the month is still young.

Problem with short time frames its so easy for it to reverse and its incorrect later but the attempt higher is valid even if not successful.

[Finestream]

Well, we are in to July and look at the state the price of Bitcoin is in at the moment. Many of us had hopes we would be looking at high prices and breaking new highs but that seems a distance away. We know it will happen eventually but right now there is no chance. The current $57,000 is a big disappointment considering people were talking about $100,000 in other threads and $75,000 in this thread.

Bitcoin is experiencing consistent price dump these days, or let's just say it's just part of market price correction. If this goes through until the end of July, I guess bitcoin won't definitely reach a new peak within this month but most probably within the next, following months.

However, because bitcoin is highly volatile, I still don't lose the possibility that maybe surprises may come along the way, who knows? Bitcoin will always be unpredictable so we can't hold whatever its price will be. But one thing is certain, if there won't be big news that will hit Bitcoin positively, then surely the momentum to increase its value will never be seen.

[bbc.reporter]

It might be good for a small reentry to speculate on the launch of the Ethereum ETF which was delayed. However, this will certainly launch, I reckon maybe on 3rd week of July. This will not only bring bullishness on Ethereum and other altcoins. We can be very much certain that this will also bring bullishness back to bitcoin heheheh.

IMO it's going to disappoint. I'll be really surprised if it manages to break above $4k, but speculators and fans of ETH claim it can go to 6-8k by the end of the year.
Not my type of speculation though. I no longer bet on altcoins.

Also, has everyone read the news articles on Vaneck and their application for a Solana ETF? This will certainly also bring bullishness to the cryptospace including bitcoin.

An altcoin bringing bullishness to bitcoin? The last time that happen it was when Do Kwon bought bitcoin to add legitimacy to his shitcoin.

Why do you not reckon that bullishness for Ethereum and Solana will not bring bullishness to the whole cryptospace including bitcoin? It is not very much similar before 2017 where anyone who wants to buy an altcoin will need go buy bitcoin first because trading pairs with bitcoin were the most liquid. Presently it is stablecoins trading pairs that are the most liquid in the cryptospace. No need anymore to go through bitcoin.

On the speculation on where Ethereum will be after all ETF inflows not only beginning inflows, my prediction will be $10k on 2025. I am quite certain this bullishness will also be brought on bitcoin.

[Minor Miner]

It might be good for a small reentry to speculate on the launch of the Ethereum ETF which was delayed. However, this will certainly launch, I reckon maybe on 3rd week of July. This will not only bring bullishness on Ethereum and other altcoins. We can be very much certain that this will also bring bullishness back to bitcoin heheheh.

IMO it's going to disappoint. I'll be really surprised if it manages to break above $4k, but speculators and fans of ETH claim it can go to 6-8k by the end of the year.
Not my type of speculation though. I no longer bet on altcoins.

Also, has everyone read the news articles on Vaneck and their application for a Solana ETF? This will certainly also bring bullishness to the cryptospace including bitcoin.

An altcoin bringing bullishness to bitcoin? The last time that happen it was when Do Kwon bought bitcoin to add legitimacy to his shitcoin.

Why do you not reckon that bullishness for Ethereum and Solana will not bring bullishness to the whole cryptospace including bitcoin? It is not very much similar before 2017 where anyone who wants to buy an altcoin will need go buy bitcoin first because trading pairs with bitcoin were the most liquid. Presently it is stablecoins trading pairs that are the most liquid in the cryptospace. No need anymore to go through bitcoin.

On the speculation on where Ethereum will be after all ETF inflows not only beginning inflows, my prediction will be $10k on 2025. I am quite certain this bullishness will also be brought on bitcoin.

ETH ETF or maybe later we will also have SOL etfs and these news are all positive news for our crypto industry. That affirms the potential of cryptocurrency as well as helps us gain a foothold in the world financial market and be able to compete with other markets. Additionally, the more coins that are legalized, the more money flows into the market, which in turn drives growth for the entire industry, which is a very good thing indeed. But the confusing thing is that some people are so selfish that they only want bitcoin to be legal and the rest to become useless or collapse.
10k$ per ETH is really too modest for ETH, I think ETH will reach even higher in the distant future.

[EarnOnVictor]

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.

What happened in June has made me stop a strong disposition on the bullishness of Bitcoin, I would rather do what my trading chart tells me to do, this is what I know that has not failed me in the medium and long term disposition. As usual, the excitement has come for Bitcoin enthusiasts with the coin rebounding upward again but I still see more barriers to challenge it than easy passage. Bitcoin will have to break above $62,120 and hold above it with a daily close before I call a bullish trend for it.

Owning to this, presently, I am neutral this month, but later, it may change to a positive or negative stance depending on what the market does for now. If the market could return to negative price action on the daily and weekly chart without breaking $62,120 upward, I will be negative about hitting $75,000 this month. However, if it breaks and holds above $62,120 with a positive price action on the 1D and 1W chart, I will be positive about the level.

[wiss19]

I'm going with a maybe, I'm being a little conservative for this month because I got June's
sentiment wrong and held off commenting for July.

With the current market price of ~$55k its easy to be negative but we have another 3 weeks
to rebound from the negative affects of Germany's sell off and the resulting long positions liquidation,
its only a matter of time before its the shorts which will get blitzed from the inevitable rebound
from all the negativity, it could be this month!

The only caveat is the MtGox payouts continuing and how the market will react . . .

You know what, you shouldn't down your self only because you got a wrong prediction because to have a wrong prediction, especially here in the crypto market is only normal due to how volatile the cryptos are. When you say it's easy to be negative, are you referring only in this thread? Or that was only your sentiment about the market because we can't be negative for BTC even though its value is dropping because it never fails us to show a recovery.

We want a rebound but the question is if the Germans also wants it? Anyway, that's great if Mt.Gox finally released the payout of the victims. I think the effect of it in the market is neutral or even positive because the price is still low for the receivers to sell.

[JollyGood]

A huge reason why Bitcoin is used to invest by risk takers is precisely because of volatility. When investors are not interested in the long term, they are buying in the hope they will see quick price rises that they want to cash in on. We are already a third though this month and with 20 days remaining there is virtually no chance we will reach a new peak this month.

Bitcoin is experiencing consistent price dump these days, or let's just say it's just part of market price correction. If this goes through until the end of July, I guess bitcoin won't definitely reach a new peak within this month but most probably within the next, following months.

However, because bitcoin is highly volatile, I still don't lose the possibility that maybe surprises may come along the way, who knows? Bitcoin will always be unpredictable so we can't hold whatever its price will be. But one thing is certain, if there won't be big news that will hit Bitcoin positively, then surely the momentum to increase its value will never be seen.

[el kaka22]

Most voted options are DCA and No, which shows you that people are willing to buy even on a bad market, and even if they think it is going to be a bad market. I think it can rise, will it rise above 75k? I am not sure about that because it may not happen, but that's just the way I think we are going to end up with, and that should be something that we can care about.

I feel like we are going to end up with something that will take some time, and that shouldn't be really a big deal, it can't be all that much of a big problem. I personally believe that we are going to end up with something much better, and that's the important part. Like maybe it won't be 75k, but it will be 65k, would we be upset about that? That's an increase and I would still be happy with it.