BTC Sentiment Poll for July

[tokeweed]

So yeah, judging from June's sentiment poll, I feel like a lot of you guys have become a bit bearish on BTC.  Honestly I do too, but could the recent buy up on BTC for the last couple of days be a sign that the bottom is in?  I don't really know..  Lol.  But what do you guys think?  Below 60k or is the bottom in?

Here's the monthly chart...  It still doesn't look all that bad imho.

[Nwada001]

I'm still very bullish on the market, just like last month. Bitcoin has had a rough week, and I think it's time for it to remain positive for the most part.
 
Since it has made it back up to $60k, I believe it will still continue on that upward trend. I don't think the question should be if it will drop down to below $60k but should be if it can break the $60k level up to $70k, which I don't know how certain that can be, but I'm sure we can still maintain $60k+ in this month of July.

[bittraffic]

I think it will continue to go up to $65k for maybe around mid-July and then take another dump back to $61K again til the end of the month. Just my speculation. It will be playing around that price range til the end of the month.

According to the latest stats, Bitcoin is in the lowest dominance. Price will probably just sideways from here while altcoins start going up again.

[Ever-young]

I don't believe bitcoin prices can still be predicted using chart reading. With the way new trends and fuds appear all the time, I don't think I can still make my judgement based on the chart or previous price action. 
 
But since the MtGox refund fear has already been calmed by panic sellers, what else do we have that will keep Bitcoin from progressing to a bullish level? I don't think there is anything. What we are seeing now is a price correction, which means that in due time, judging from the way the price is moving, we can see Bitcoin go back to $65,000 before the week runs out, and if that's achieved, then I don't think we can go back to $59,000 ever again this month.

[Churchillvv]

Although bitcoin has been on very much different in its movements since the last few weeks but I still think it might see another bottom before it maintains the upward movement trend.

Or maybe we can say 60kish price is the bottom this time but im certainly not convinced, the rate of acceleration which will occur in bitcoin with 24hts has not been experienced which probably might be a sign that it's still going to drop later then after that we will maintain the bullish trend. I speculate 45k - 50k as the bottom.

[LFC_Bitcoin]

I don’t think we’ll break below $60,000 and stay there, no. I do have a bullish bias but I just think the halving effect will start to be reflected in the price soon. Demand is the same, there are less coins in supply now so soon we will start to go up again.

Miner capitulation should start to ease soon, the less profitable farms will be purged. The strongest will survive and prosper. The only thing that could make us go down is if Gox coins actually do start getting dumped but we’ve dumped and recovered every time the rumours circle so the actual event may be a nothing burger.

We’re reaching a point in the cycle now where traditionally it’s up only so fasten your seatbelts.

[Marvelockg]

We’re reaching a point in the cycle now where traditionally it’s up only so fasten your seatbelts.

with what we've seen in the last few months after the halving , it's most likely we might not necessarily experience a super bull to the extent to  which most persons are anticipating. It's most likely that we might experience a gradual bull up $70k  which might bring some sort of reaction that will bring about another downward bear towards the end of the end. There is an high possibility that what will most likely play out from now till the end of the year will be a bull that will yield a bear and gradually we might breakout something close to an $100k as the year progresses but honestly, I feel this month might not be all that different from the last month And the max we might most likely see could be $70k+ maybe I'm being short sighted but this is what I'm speculating. But then, even if we are at that range of value towards the end of the month, it's still a perfect price to keep on DCAing regardless.

[Jawhead999]

Breaking $60K is possible, but I think it will rebounce and stays around $60K-$70K.

I don't think Bitcoin would go lower than $60K because $60K is currently the strong resistance before Bitcoin will going to pump. What could be the reason Bitcoin would dump? as far as I can see there are many good news with Bitcoin.

There are many president promoting Bitcoin even though they're use it to get votes, more countries are trying to accept Bitcoin ETF etc.

[YOSHIE]

For July, do you think Bitcoin will break down below 60k USD and stay there?
 Yes
 No

Yesterday I was invited to one of the forums, they invited several experts and experts in Bitcoin speculation and predictions, the main discussion was about Bitcoin speculation this year and until the halving happens again, they speculate bitcoin will go down, but slowly meaning slowly, not the same as what happened before.

They analyze and speculate that the price of Bitcoin for this year will remain at $60k, there is no definite decline, it is caused by several factors, the peak of the decline is estimated to occur around 2026, This year's downturn doesn't have much of a definite impact on the market, from lengthy discussions in the forum hall, I came to the conclusion that Bitcoin in July or this year will remain at $60k.

Charts are not a definitive benchmark in some cases for Bitcoin.

[Aanuoluwatofunmi]

So yeah, judging from June's sentiment poll, I feel like a lot of you guys have become a bit bearish on BTC.  Honestly I do too, but could the recent buy up on BTC for the last couple of days be a sign that the bottom is in?  I don't really know..  Lol.  But what do you guys think?  Below 60k or is the bottom in?

I think its still early for us to be done with the bull season, we may be seeing the market being characterized by bearish sentiment but we cant conclude on this as it happens sometimes when the market intends to pump higher, it will first dump in disguise for others who couldn't read the pattern strategy and season very well, since we couldn't go below $59,000 in last month bear, we should expect the market price for bitcoin to cross $70,000 this month and possibly break the resistance and move towards a new all time high of about $75,000 to $80,000 before we could go bearish again or lay low the bullish season, while the year also have been programmed to move close to $120,000 before it end.

[Popkon6]

Bitcoin price was heavily dumped in June and the highest dumping for the current period. But today since July 1st Bitcoin price is showing signs of upside, and currently Bitcoin price has touched up to $63k. And very soon Bitcoin price will likely touch 75k, as signs will surely appear after long dumping.

[Glen Hoddle]

Bitcoin price is currently improving and will continue to improve, starting pumping this July. Because the bull run in 2025 will show signs of Bitcoin price corruption from now on. But the price of Bitcoin will definitely reach the highest level, and create an all-time high that will be recorded in history. A sign of the dumping of this Bitcoin price is that the government of the USA transferred assets equivalent to 240 million dollars by selling the coins. 

That is why currently Bitcoin has been dumping a lot in June which has touched 60 thousand dollars from 70 thousand dollars. And again, this is a great opportunity for investors, so there are currently signs that the price of Bitcoin will reach its maximum target this July.

[ShowOff]

Now is not the time to think that bitcoin prices will fall back below $60k and stay there. I chose no on the pool because I am optimistic about the price recovery, maybe $65k was the initial target in July, but also $70k. I guess this is reasonable to expect, but there shouldn't be any truly annoying FUD.

There was a double top on the weekly TF, but I don't think this is a guarantee that shows where the price is actually going. Apart from these indicators, the price could rise and recover better to the level of $70k or above $65k in early July. I expect a recovery in July instead of a deeper correction. The lowest price in June was $58,400, now the market has shown its recovery action.

[khiholangkang]

So yeah, judging from June's sentiment poll, I feel like a lot of you guys have become a bit bearish on BTC.  Honestly I do too, but could the recent buy up on BTC for the last couple of days be a sign that the bottom is in?  I don't really know..  Lol.  But what do you guys think?  Below 60k or is the bottom in?

Here's the monthly chart...  It still doesn't look all that bad imho.

I'm more looking at maybe forming a triangle before experiencing a significant increase, maybe bitcoin will move between 60$K-$65K if he wants to form a triangle bar, but the needle can be more than $65 or below $60k again.

Looking at the sentiment that Mt.gox is talking about, the US and Germany are selling their confiscated bitcoins, and this might be a heavy sentiment that we will go through in July and it might push bitcoin's way to get a bullish position, maybe we will find it at the end of July.

Let's see how the market responds if the storm comes, whether it immediately bounces back as before and the support at the $55k-$60k price level will not be touched again for the next few weeks in July.

[JoyMarsha]

The crypto market is pretty unpredictable. The last two weeks of June had bitcoin in a bearish state, and we thought that the price would dip in July to bring bitcoin down to $59k below to bring more FOMO in the market.

Reaching the first day of July, bitcoin is on the high side. Increasing instead of decreasing as many had anticipated because of MtGox sales that will happen this July.

However, this is the beginning of the month, and we can not draw our conclusion on it yet because nobody can predict how the bitcoin price will roll out in July whether bitcoin will increase above $75k or fall below $60k before the end of July.

[uneng]

Does anyone know if Mt. Gox is going to liberate the 9$ billion dollars in crypto at once? Or is it going to be done progressively along the next months?

My fear regards July is that too many Bitcoins are put for sale simultaneously by Mt. Gox's refunded customers, US and Germany governments, and many panic sellers.

News just state redistribution by Mt. Gox is going to happen in early July, but no accurate dates are shared. It just gives opportunity to speculators who have access to inside informations to take advantage of this fragile moment of Bitcoin market.

[Popkon6]

So yeah, judging from June's sentiment poll, I feel like a lot of you guys have become a bit bearish on BTC.  Honestly I do too, but could the recent buy up on BTC for the last couple of days be a sign that the bottom is in?  I don't really know..  Lol.  But what do you guys think?  Below 60k or is the bottom in?

Here's the monthly chart...  It still doesn't look all that bad imho.

Although the unique month saw the biggest increase in Bitcoin price, the movement of Bitcoin in this month of July is comparatively different. Because it is normal for Bitcoin to dump before a bull market, Bitcoin price dumping is certainly a sign that the maximum upside is likely.

Bitcoin price is currently improving and will continue to improve, starting pumping this July. Because the bull run in 2025 will show signs of Bitcoin price corruption from now on. But the price of Bitcoin will definitely reach the highest level, and create an all-time high that will be recorded in history. A sign of the dumping of this Bitcoin price is that the government of the USA transferred assets equivalent to 240 million dollars by selling the coins. 

That is why currently Bitcoin has been dumping a lot in June which has touched 60 thousand dollars from 70 thousand dollars. And again, this is a great opportunity for investors, so there are currently signs that the price of Bitcoin will reach its maximum target this July.

At present the Bitcoin market is under the control of investors, as investing now will surely bring maximum opportunities. As for what we can identify as the bull run in 2025, some bull runs have been held in the past. However, looking at the movement of Bitcoin this July, I can guess that the maximum target will definitely be more likely to be reached. Bitcoin price has been hovering between $70K and $60K for a long time. It is from this stage that the Bitcoin price is most likely to advance to the highest level.

[TravelMug]

I voted for NO. I don't think that we will slide and go down below $60k this month. We've seen the market already recovered to $63k and could stay there for a while as investors might see that this is the perfect time to at least continue to accumulate and not let some bad news dominate the market and cast a doubt. And usually if June is a bad month, July is the month that we might see a huge jump and be let us know that bull run is already here.

So let's see, everyone seems to be very positive already and hopefully it will translate o the market itself. It's true that market could have been manipulated and dominated by whales and institutions, but I tend to agree that we have more influencer here, average joe investors and traders as we can outgrow those whales in the long run.

[Bd officer]

No, I don't think it will come below 60k this July. The price of Bitcoin fell to $58k last month. Crossed $60K before the end of June. Yesterday was about 64k, today is 62k plus. I don't think bitcoin price will go below 60k this month, may stay between $64-70k this month. We will soon see the bull run. Bitcoin is going to be $70k plus again soon.

[Lucius]

I think that we should not expect anything spectacular to happen in the next 2-3 months, and that means that the price should be quite stable in the sense that we should expect changes of 5-10% in both directions. A lot depends on how much BTC will be bought/sold through spot ETFs, and the data shows us that except for the first week of June, which was positive, everything else was an outflow. The first day of July started positively with an inflow of 2000 BTC, which was immediately reflected in the price.

Does anyone know if Mt. Gox is going to liberate the 9$ billion dollars in crypto at once? Or is it going to be done progressively along the next months?
~snip~

As far as I know, the payments will take place over several months, and then this should not have a negative impact on the price. In addition, someone has already written in a discussion that even if that amount of BTC were put on the market in one day, it should not be a problem considering that on a daily basis BTC is traded amounting to several tens of billions of dollars.

Mt.Gox actually has more of a psychological effect than anything else, but unfortunately most investors behave like a herd that is easy to steer in a certain direction.