In July do we go bull and pass 75k?

[Yaunfitda]

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook.  My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence.  From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

Currently, we've reach as high as $63k as the investors looks very positive, and perhaps they are happy to see that the German government is done with their dumping as they don't have any Bitcoin yet to sell. Others says that it was due to Donald Trump's failed assassination, but I can't find any correlation yet. But what it shows that the market is very resilient and this week could be something specially at we might hit $65k. The bulls though might be exhausted, but there are still a lot of time this month. Maybe at the near end, we might see $70k. But going to be different close though for the bulls to go past that $75k as that could be a new all time high and so that will be a big barrier in front of us right now.

[STT]

DCA is correct as BTC remains positive across years but I would disagree about unpredictable behavior as BTC has just been range bound.   BTC might be wild at times in its actions but right now its fenced in hence I dont expect 75k.  To get to 75k would be breaking new ground past prior boundaries set.   We should only expect BTC price action to repeat its pattern within the upper and lower boundaries observed prior, until alot of evidence points otherwise.

[DaNNy001]

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook.  My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence.  From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

Currently, we've reach as high as $63k as the investors looks very positive, and perhaps they are happy to see that the German government is done with their dumping as they don't have any Bitcoin yet to sell. Others says that it was due to Donald Trump's failed assassination, but I can't find any correlation yet. But what it shows that the market is very resilient and this week could be something specially at we might hit $65k. The bulls though might be exhausted, but there are still a lot of time this month. Maybe at the near end, we might see $70k. But going to be different close though for the bulls to go past that $75k as that could be a new all time high and so that will be a big barrier in front of us right now.

Am not too certain of the causes that actually haulted the speed at which Bitcoin was driving earlier this year but I think everyone would agree that the halving plus the corrections of the Bitcoin price as speculated made the slow. And up till now some scared investors are still asking if Bitcoin would reach the supposed 100k mark looking at all the setbacks happening but my answer is always Bitcoin is always heading forward even when it experiences bear season so time is the factor to determine when the 100k price will be achieve.

[Justbillywitt]

Getting to $75k is the problem since the market price hasn't been making any progress on its movement, before now I was expecting the market price to still be at this range $60k-$65k but nothing to show for, is it that Bitcoin price is trying to go way down to $35k before making a move back up? Because as it is the $75k isn't happening anytime soon, not this month maybe next 2 months depending on what the market is giving. For sometime it has been between $55k-$60k so can we still hope on getting to $65k before $75k?  To me the market is not progressing, at least for now.

The market has been rising slowly over the past few days. And the current market price has touched $60k, so we don't need to panic about the market situation, because we are here only guessing without knowing what will happen, no I don't believe bitcoin will experience a price drop to $35k, although it could happen but I doubt it for now seeing stable market movements.

$65k can still be or $75k as you mentioned, if the movement to get there is considered slow or takes several months, but it will definitely happen to that target, I'm not worried, I will take advantage of the current market conditions to accumulate my bitcoin.

I don't even know why some people are getting worried about bitcoin price dropping, and not making continuous upward movements. But they have forgotten that the drop in price is an opportunity for them to add more stash to their holding. Last week many people were worried about bitcoin because the price got to $57k but today bitcoin is over $62k. Many people were concentrating on why the price was dropping while few were busy buying the dip and today those that bought the dip are already in profit while those that were complaining about the fall have not profited because they didn't engage and maximize the opportunity. I won't even bother myself about when bitcoin will get to $75k. If it gets there this month fine, if it doesn't fine, what is important is, are you making use of the opportunity of the drop in price. But I'm certain that this $75k we are talking about today will one day be the dip of bitcoin.

[Yaunfitda]

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook.  My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence.  From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

Currently, we've reach as high as $63k as the investors looks very positive, and perhaps they are happy to see that the German government is done with their dumping as they don't have any Bitcoin yet to sell. Others says that it was due to Donald Trump's failed assassination, but I can't find any correlation yet. But what it shows that the market is very resilient and this week could be something specially at we might hit $65k. The bulls though might be exhausted, but there are still a lot of time this month. Maybe at the near end, we might see $70k. But going to be different close though for the bulls to go past that $75k as that could be a new all time high and so that will be a big barrier in front of us right now.

Am not too certain of the causes that actually haulted the speed at which Bitcoin was driving earlier this year but I think everyone would agree that the halving plus the corrections of the Bitcoin price as speculated made the slow. And up till now some scared investors are still asking if Bitcoin would reach the supposed 100k mark looking at all the setbacks happening but my answer is always Bitcoin is always heading forward even when it experiences bear season so time is the factor to determine when the 100k price will be achieve.

Well for now we can be certain that the FUD on the German government selling their Bitcoin could be the reason what the price tank and it did go to the bottom of $53k last week or two. But now, it's over, German has 0 Bitcoin and it means that it has dumped everything. Now, let's look at the price, we are not going to hit $65k so that is a huge spike already. As for the $100k, we still have the whole year to accomplished it, now at $65k, and we have the last quarter of the year, there is a good chance that we might reach at that 6 digits, so everything is still very open and possibilities are endless.

[Sebas.tian]

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.

At the state the price of Bitcoin is right now, show that the price will increase above $75,000 before the end of July, because the green light is preparing to remain stable in the market for holders to believe there will be bullish soon. I know we are talking about the prediction which you know that the price of Bitcoin can change at anytime to allow the investors to purchase or holders to continue holding their Bitcoin, because the purpose many holders are holding their Bitcoin is to embrace huge amount of income. I don't think, the price will reach $100,000 this year, because the price just increased back to $62,000 which there is a hope that it will going to increase high to cause holders to release their Bitcoin for sale soon.

[AirtelBuzz]

Last week many people were worried about bitcoin because the price got to $57k but today bitcoin is over $62k. Many people were concentrating on why the price was dropping while few were busy buying the dip and today those that bought the dip are already in profit while those that were complaining about the fall have not profited because they didn't engage and maximize the opportunity. I won't even bother myself about when bitcoin will get to $75k.

Currently, it has increased from $62,000 to $64,000. When we were monitoring the market a few days ago, we saw that the price of Bitcoin had dropped to $55,000, which was a concern for all of us. Looking at this market condition we thought that Bitcoin price might not rise any further but from there the market has recovered and now the market is showing an upward trend.

If it gets there this month fine, if it doesn't fine, what is important is, are you making use of the opportunity of the drop in price. But I'm certain that this $75k we are talking about today will one day be the dip of bitcoin.

Many may have been upset about the Bitcoin price drop but I wasn't at all. Because did I use this dip period of the market in a great way to get a large amount of Bitcoin at a low price. Maybe many investors have taken advantage of this opportunity. In this situation the upward trend in Bitcoin price seems to indicate that Bitcoin may be going to cross $75K before the end of July. Maybe that will be it.

[Kliss]

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.

Bitcoin is showing a positive tendency after price had recently dropped significantly to 54k, a situation caused by high rate of investors selling off huge chunk of their bitcoin possession. many investors where anxious about the price drop, but bitcoin have retaken 63k. Further appreciation of the price is possible with the positive news around bitcoin space. But can't be certain of the 75k figure it will reach this month of July, increase in price is likely to be maintained in this remaining part of the month.

It does not really matter but rather we should stay committed and consistent with DCA, becacause long term goal is the sole aim. During this period so many situations are likely to unfold but staying positive is necessary.

[JollyGood]

The only problem with your comment is about the bull. There has not been bull and we are in the middle of one. The OP asked two questions, if there will be bull and will it pass $75,000

In my opinion the bull will take place later in the year. Maybe we will have two mini bulls before the end of December 2024 but most people probably expect the end of year price to be at least $75,000 (if not more).

During this bull so many situations are likely to unfold but staying positive is necessary.

[Out of mind]

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.

You can do DCA if you want, it will always continue if you wait for the bull market. However, I am not sure yet that the price of Bitcoin will touch $75k dollars in July, but according to the current market situation, if it continues to grow like this, it will go to this position. We have seen that in the beginning of July the market was not so bullish, but the market was very bearish, but currently the market is very bullish. However, it is difficult to predict that the market will ever be strong, but doing DCA will definitely save you bitcoins for the days to come. However, in current market position we expect better market change in next month, so you need to do DCA now surely market situation will go well.

[Ambatman]

Well we quite aware that around late July, August September are usually negative for Bitcoin
So would be taking this months as one for an higher DCA than norm.
Something of the September effect in stock if I ain't mistaken.

Picked the does not matter do DCA option.

[Webetcoins]

Seems like we are back to bull again, since "bad news" are over, we are seeing more and more better prices and got high finally. Will it go to 75K? I do not know, I really don't because nobody could know that at all, we have to just realize it is going to be tough and we need to realize that it is going to take time.

But could it happen? Like is it a possibility? Then yeah I would say that it is possible and will happen. This is why I think we should probably consider the fact that it can happen, which we will be fine about as well. The situation we are in right now is that we can't make it work any other way, and should probably consider how it is going to be a toss up, a coin toss, we just need to wait and see what happens.

[JeffBrad12]

Seems like we are back to bull again, since "bad news" are over, we are seeing more and more better prices and got high finally. Will it go to 75K? I do not know, I really don't because nobody could know that at all, we have to just realize it is going to be tough and we need to realize that it is going to take time.

If BTC could dump from literally $75k all the way to $54k it could also pump from $66k to $75k pretty easily what it needs is just Mt Gox to be done with their distribution and some good news then we already settled.

the only thing that hold thing back is all these feud about Mt gox distribution, though as it turns out majority of Mt gox receiver choose to hold anyway, but the people can't help it but afraid that it's just a bulltrap which honestly kinda annoying knowing that it's pretty clear we gonna have another bullrun, so I decide to just long bitcoin and see bitcoin passes $75k even though maybe it's a bit too optimistic waiting it to hit $75k in july but it's possible.

[Julien_Olynpic]

It seems that the sale by the German government (or rather, the federal state of Saxony) of its bitcoins has become a marker of the local bottom. In WSA theory there is such a term as “Sales Climax”. Perhaps the beginning of July was the very culmination of sales. If we look closely at the chart, we can even see the exact date of the culmination - July 5, 2024. Of course, this is only an assumption, and we can only judge this for sure after several months. However, in my opinion, this is a completely plausible assumption.

[Kemarit]

It seems that the sale by the German government (or rather, the federal state of Saxony) of its bitcoins has become a marker of the local bottom. In WSA theory there is such a term as “Sales Climax”. Perhaps the beginning of July was the very culmination of sales. If we look closely at the chart, we can even see the exact date of the culmination - July 5, 2024. Of course, this is only an assumption, and we can only judge this for sure after several months. However, in my opinion, this is a completely plausible assumption.

Yeah, it could really be the market for the lowest low for this bull run cycle at $54,000. And the good thing is that we did get pass that price. There could be investors that has been shaken and it's good that they have been flushed out early, to see that price go that low. Nevertheless, the diamond hand stays strong and on the other hand, just continue to accumulate as much as they can.

Currently, price is moving along the $67,000-$68,000. So this is another good test run for him, if we are going to sustain this run or if we are going to see that price as a big barrier. So we still a week to go, so who knows, maybe $70,000-$75,000 could just be around that corner this July.

[STT]

I was so certain in my vote no on this but it shows the poll was valid in its question even in the depths of a sell off that pushed us past the 200 day average.  Whats bigger is the low is a new lower low in the pattern, we had never sold off that hard to regain Feb prices 5 months later.


So to get 70k now is possible, it would be a reattempt at the highs similar to seen before.   75k would require a new high or 'higher high' for this year and new ATH for BTC just weeks after we did worse then ever before in 5 months.

    This amounts to Richter scale movements and equates to increasing volatility, so the final piece is do we have the volume to cause such an event and break through any barriers.   In this month I remain sceptical but Iam bullish longer term just not sure about right now.

[TravelMug]

I was so certain in my vote no on this but it shows the poll was valid in its question even in the depths of a sell off that pushed us past the 200 day average.  Whats bigger is the low is a new lower low in the pattern, we had never sold off that hard to regain Feb prices 5 months later.


So to get 70k now is possible, it would be a reattempt at the highs similar to seen before.   75k would require a new high or 'higher high' for this year and new ATH for BTC just weeks after we did worse then ever before in 5 months.

    This amounts to Richter scale movements and equates to increasing volatility, so the final piece is do we have the volume to cause such an event and break through any barriers.   In this month I remain sceptical but Iam bullish longer term just not sure about right now.

Close but not quite, we made up to $70k, when Trump speaks at the Bitcoin conference. And for sure, some of us here thought that it could be a good start as we have several days before the end of the month and we might continue to go up.

Unfortunately, short day traders or who are looking for a quick profit made the sell and we are not again into the $64k range. Nevertheless we end the month with a positive 3% so that is good already. So again, the question remains when we are going to go pass $75k? Maybe this month perhaps?

[Ricardo11]

Yes, there is a high probability of crossing 70k this month, since it was very close to 70k last month, and it didn't cross 70k due to a slight not up, so it is very likely to happen within this month, with market conditions normalizing, if it does in any way. Can pass 70k, but it will easily go to 75k. Because because 70k is a gate for going to 80K, if bitcoin can somehow cross this gate, Then btc price will cross 75k very easily.

I also think bitcoin will cross 75k this month, every bitcoin expert now believes that 75k will happen within this month, now let's see what happens.

[Aslangbari]

I check in cmc, BTC price now at 64K, I think going to 70K is not far. NOTE; no negative news out there. Hopefully

[GeorgeJohn]

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 have posted in this thread before, and I want to inform people that this thread should be of the examples people should learn from especially the newbies who just know about Bitcoin recently, at of when this thread was created, the expectations of op is that bitcoin increment in July will be different indecences that the price will skyrocket above seventy five thousand [75k] in price and people made different suggestions concerning the price of bitcoin at July, now July has came and gone and the price of bitcoin has not hit expectations of op and question it ask to users of this community

The thing is that the price of bitcoin is just like something that's not constant and you and I can't determine the price, so the essence of predicting the price is just like exaggeration, whereas the price of been increased is been determined due to the demands and supply ratio at give point in time

From my observation nobody have the radar or implements that will detect accurately what the price of bitcoin will yield in next year, but  base on their implement  I may within short range it can detect partially of price of bitcoin, because I know that price of bitcoin is unpredictable, poll is just like assumption of stating your opinion on price bitcoin base on your observation or look of things.