BTC Sentiment Poll for July

[tokeweed]

^  Yeah...  And a couple of guys itt said that BTC could go below 60k but it prolly won't stay there for long as it's a point where everybody starts buying it up.  And I gotta say, it's hard to disagree.

And the votes are 0 - 7 just on the first day.  Lol.  I don't think you guys have voted this unanimously before. 

Anyway, it looks like it's gonna go on a small sell down before going back up again...  Stay safe out there guys.

[retreat]

I think that the Bitcoin price movement is not much different from last month, it still tends to be sideways, but I am sure that the Bitcoin price will not drop below 60k, but it will remain in the 62k - 67k range this month. Even though there is a chance that Bitcoin could drop below 60k, the chance is not too big, and even if it breaks 60k it will recover quickly, because there are still many investors who will accumulate in that position. Let's just see how bitcoin prices move this month.

[AprilioMP]

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.

In July, I still used DCA.
I voted no on the OP's question in the voting because I think $60K is still a price that will persist this month amidst the issue of Mt.Gox which is still hotly discussed because it plans to distribute coins in July.

At first glance I'm still not sure $60K is the bottom. If $60k was the low, then $75k was the high for July.

[Dave1]

^  Yeah...  And a couple of guys itt said that BTC could go below 60k but it prolly won't stay there for long as it's a point where everybody starts buying it up.  And I gotta say, it's hard to disagree.

And the votes are 0 - 7 just on the first day.  Lol.  I don't think you guys have voted this unanimously before. 

Anyway, it looks like it's gonna go on a small sell down before going back up again...  Stay safe out there guys.

I also voted for no as well, and so I will go with the unanimous decision here, Lol. But right now, we are down like -3% in the last 24 hours. Might be a bad sign, but we are still very early for this month and so anything goes moving forward.

Hopefully, we might not fall, and the support in the $60k'ish is very strong as it hasn't been broken down although there was one time but we quickly got up as high as $63k but quickly goes down again.

[EluguHcman]

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.

Is it possible for investors who bought Bitcoin within the couple of months now or since the halving to be excited of saying the market has been bullish?

The market value somewhere last month was around $58-$59K which seems the bottom downtrend ever since the current ATH and then, it has been fluctuating around $60K + with just little margins.

I have actually been DCAing since the halving and being sincere, I am being sentimental with the current market volume which I can not say that I am being bullish like you do rather I am experiencing a bearish in the current market trends.

So i hope to see the market price to approach the latest ATH before I can feel it bullishness.

[Hallroom]

June was a bad time, and following June, July saw a dip in Bitcoin prices. However, on the first day of July, Bitcoin touched $63k and for a very short time. But we can expect this in the long run but whale investors are still in a bearish fear. Because there are many traders who want to survive the dip, and some investors to sell bitcoins from their huge reserves. Due to all these factors, the Bitcoin market is showing low momentum.

[Sorryfor]

I saw that the price of Bitcoin was at a bit of a high in June but currently the price of Bitcoin is not that high at the beginning of July. The position of Bitcoin this month seems to indicate that the Bitcoin market is likely to go further down. Right now the Bitcoin market is in the $60k range, not much of a bullish market position. But I think the price of Bitcoin will probably pump a lot more in the next month as the bull season is very close. But this month Bitcoin price may go below $60000 even though it came below $60000 today so it is likely to come down further in the following days.

[fuguebtc]

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.

In July, I still used DCA.
I voted no on the OP's question in the voting because I think $60K is still a price that will persist this month amidst the issue of Mt.Gox which is still hotly discussed because it plans to distribute coins in July.

At first glance I'm still not sure $60K is the bottom. If $60k was the low, then $75k was the high for July.

After 3 months since the halving completed, the goal of $75k is getting further and further away from us so I think there will no longer be many people who are bullish and believe that we can see $75k this month. Even the OP changed the target of the monthly poll  .
The Mt.gox news isn't over yet and people are still worried about it so I'm guessing bitcoin will continue to move sideways in the $60k area for a while longer before a trend reversal occurs.

I also voted no because I believe we have bottomed out for this correction and it happened in May. Soon, we will enter a bullish cycle as many expect, IMO.

[bbc.reporter]

I voted for no yesterday, however, I was very much shocked to see that everyone who voted also voted no with 0 votes on yes hehehe. The contrarian in me wanted to change my vote to yes and it appears that looking at the price of bitcoin at present, we might experience another month of sadness hehehehehee. But I wish we will not dump lower. I do not want to experience depression hehehehe.

Does anyone have news updates to share on why bitcoin is dumping after the halving? I can only find ETF outflows and the investors being afraid on MtGox's distribution to creditors.

[shinratensei_]

June was a bad time, and following June, July saw a dip in Bitcoin prices. However, on the first day of July, Bitcoin touched $63k and for a very short time. But we can expect this in the long run but whale investors are still in a bearish fear. Because there are many traders who want to survive the dip, and some investors to sell bitcoins from their huge reserves. Due to all these factors, the Bitcoin market is showing low momentum.

well in june there has been many times where bitcoin price swing from sub $60k to above $70k pretty much the market right now confused whether it's gonna be bearish or bullish.
I kinda expect it though, previous bullrun too bitcoin has its share of price swing to make people with weak hand sell their bitcoin because before every attempt of bullrun there's always accumulation zone.

the fact that ETF outflow increased after experiencing 1 day increase means that the market just pretty much trying to discover to market sentiment, however i'm expecting Ethereum ETF to turn the table in this correction. wonder why the effect of ETH ETF hasn't taking effect yet.

[Out of mind]

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.

Yes, the July sentiment poll has yet another Bitcoin market downtrend. Although the Bitcoin market was above $60,000 before July, the Bitcoin market has tilted slightly lower since July. I see the Bitcoin market today it touched, $57000 which looks very bearish market. Currently, I think that since the Bitcoin market has come down a bit, it may take some time to go back above $60k. But this week the Bitcoin market may come down further, but the next week the Bitcoin market may show some regret of the increase.

[edward500]

As someone who has been worried about the Mt Gox coins hitting the market for a long time, this is the reason why bitcoin keeps dropping.

There are just too many coins going to hit the market in a short period of time to sustain these high bitcoin prices.

Many people also requested their mt gox coins in cash, this means the settlement lawyers will have to sell coins to get cash to pay these people.

Price will stay low until the settlement coins are distributed.

[tabas]

We're July 4 and bitcoin's price broke down to $58,500.

well in june there has been many times where bitcoin price swing from sub $60k to above $70k pretty much the market right now confused whether it's gonna be bearish or bullish.
I kinda expect it though, previous bullrun too bitcoin has its share of price swing to make people with weak hand sell their bitcoin because before every attempt of bullrun there's always accumulation zone.

the fact that ETF outflow increased after experiencing 1 day increase means that the market just pretty much trying to discover to market sentiment, however i'm expecting Ethereum ETF to turn the table in this correction. wonder why the effect of ETH ETF hasn't taking effect yet.

Don't be confused. We're still in the bull run but the sentiment for these short candles is bearish. Sounds confusing but in the long run, this is still going to be bullish after all. As you've said, this is just a swing and the market are shaking the weak hands for them to sell and when they're done with that, the diamond hands are going to buy them and will hold once again. The month has just started and there's more to go, be patient folks and don't panic.

[Iranus]

I voted for no yesterday, however, I was very much shocked to see that everyone who voted also voted no with 0 votes on yes hehehe. The contrarian in me wanted to change my vote to yes and it appears that looking at the price of bitcoin at present, we might experience another month of sadness hehehehehee. But I wish we will not dump lower. I do not want to experience depression hehehehe.

Does anyone have news updates to share on why bitcoin is dumping after the halving? I can only find ETF outflows and the investors being afraid on MtGox's distribution to creditors.

It seems like no one wants to see bitcoin fall any further so people choose "no". I haven't voted yet but I still expect bitcoin to go back above $60k soon because if it goes below $56k it won't be good for us.


Bitcoin has dropped to 57k$ and seems to not want to stop yet. Today I was quite surprised when I checked CMC, I also tried to find out if there was any notable news that caused bitcoin's price to drop, but it seemed like there was nothing new. Fud is still swirling around the Mt.gox BTC release and many are saying that the victims have received the BTC and are selling their bitcoins, unlike we think the distribution has not taken place yet. The selling pressure from the victims of Mt.gox is not small and we should be mentally prepared because it will probably continue to get stronger in the near future because they have waited so long to receive compensation and selling is understandable.

[TravelMug]

We're July 4 and bitcoin's price broke down to $58,500.

well in june there has been many times where bitcoin price swing from sub $60k to above $70k pretty much the market right now confused whether it's gonna be bearish or bullish.
I kinda expect it though, previous bullrun too bitcoin has its share of price swing to make people with weak hand sell their bitcoin because before every attempt of bullrun there's always accumulation zone.

the fact that ETF outflow increased after experiencing 1 day increase means that the market just pretty much trying to discover to market sentiment, however i'm expecting Ethereum ETF to turn the table in this correction. wonder why the effect of ETH ETF hasn't taking effect yet.

Don't be confused. We're still in the bull run but the sentiment for these short candles is bearish. Sounds confusing but in the long run, this is still going to be bullish after all. As you've said, this is just a swing and the market are shaking the weak hands for them to sell and when they're done with that, the diamond hands are going to buy them and will hold once again. The month has just started and there's more to go, be patient folks and don't panic.

And when we thought that this month is going to be bullish, the price broke down to $57k already. It was a big surprised as I thought that $60k is going to hold, unfortunately, there is a bearish mentality right now, not sure where and why, but it could steam to the news about the Mt. Gox claims that it will be distributed this month and so maybe many panic and sold their BTC again.

Nevertheless, as you have said, this is just the start of the month, and maybe along the way, we will see some improvement and we might hear some positive news that might turn this bearish sentiments to a more positive and bullish this July.

[Dave1]

I voted for no yesterday, however, I was very much shocked to see that everyone who voted also voted no with 0 votes on yes hehehe. The contrarian in me wanted to change my vote to yes and it appears that looking at the price of bitcoin at present, we might experience another month of sadness hehehehehee. But I wish we will not dump lower. I do not want to experience depression hehehehe.

Does anyone have news updates to share on why bitcoin is dumping after the halving? I can only find ETF outflows and the investors being afraid on MtGox's distribution to creditors.

It seems like no one wants to see bitcoin fall any further so people choose "no". I haven't voted yet but I still expect bitcoin to go back above $60k soon because if it goes below $56k it won't be good for us.


Bitcoin has dropped to 57k$ and seems to not want to stop yet. Today I was quite surprised when I checked CMC, I also tried to find out if there was any notable news that caused bitcoin's price to drop, but it seemed like there was nothing new. Fud is still swirling around the Mt.gox BTC release and many are saying that the victims have received the BTC and are selling their bitcoins, unlike we think the distribution has not taken place yet. The selling pressure from the victims of Mt.gox is not small and we should be mentally prepared because it will probably continue to get stronger in the near future because they have waited so long to receive compensation and selling is understandable.

And as usual, most of the time when we think that we will be in a bullish state, the market goes on the opposite side again. I was also surprised to see the price going to $57k'ish and it looks like very bearish for now. I don't know about the Mt. Gox repayment but if this is the reason why we are bearish then I guess we can't really stop those people from selling their bitcoin and so get their money back after a long time.

So let's see how long this bearish or downward turn will go, hopefully in the next 3 weeks we have bounce back already and let the ghost of Mt. Gox be forgotten and finally laid to rest.

[tabas]

Don't be confused. We're still in the bull run but the sentiment for these short candles is bearish. Sounds confusing but in the long run, this is still going to be bullish after all. As you've said, this is just a swing and the market are shaking the weak hands for them to sell and when they're done with that, the diamond hands are going to buy them and will hold once again. The month has just started and there's more to go, be patient folks and don't panic.

And when we thought that this month is going to be bullish, the price broke down to $57k already. It was a big surprised as I thought that $60k is going to hold, unfortunately, there is a bearish mentality right now, not sure where and why, but it could steam to the news about the Mt. Gox claims that it will be distributed this month and so maybe many panic and sold their BTC again.

Nevertheless, as you have said, this is just the start of the month, and maybe along the way, we will see some improvement and we might hear some positive news that might turn this bearish sentiments to a more positive and bullish this July.

Although it's not surprising for me and I'm not disappointed at all. We have to be patient at these times and we'll get used to this kind of move for Bitcoin. We've got the half remaining of this year for the market to be better and if not, we still have the 2025 for it to be at best shape. By this time, whoever loses his patience becomes the loser and whoever is the most patient becomes the winner. We get this at most times when the market isn't good and holders that have lost theirs will panic sell and won't be focused anymore to their goal of being long term.

[tokeweed]

So the break down below 60k happened but will it stay below it?  There are some words swirling around CT that it's the German government that's been selling down BTC.  Didn't really follow the news and no idea how they got a huge stack of BTC.  But the good news is they'll run out before the month ends.  So no...  I don't think BTC will stay below 60k for July.

Oh...  And let's all root for Spain in the Euros vs Germany!  5 - 0 Spain W one time!  

[legendbtc]

Don't be confused. We're still in the bull run but the sentiment for these short candles is bearish. Sounds confusing but in the long run, this is still going to be bullish after all. As you've said, this is just a swing and the market are shaking the weak hands for them to sell and when they're done with that, the diamond hands are going to buy them and will hold once again. The month has just started and there's more to go, be patient folks and don't panic.

And when we thought that this month is going to be bullish, the price broke down to $57k already. It was a big surprised as I thought that $60k is going to hold, unfortunately, there is a bearish mentality right now, not sure where and why, but it could steam to the news about the Mt. Gox claims that it will be distributed this month and so maybe many panic and sold their BTC again.

Nevertheless, as you have said, this is just the start of the month, and maybe along the way, we will see some improvement and we might hear some positive news that might turn this bearish sentiments to a more positive and bullish this July.

Although it's not surprising for me and I'm not disappointed at all. We have to be patient at these times and we'll get used to this kind of move for Bitcoin. We've got the half remaining of this year for the market to be better and if not, we still have the 2025 for it to be at best shape. By this time, whoever loses his patience becomes the loser and whoever is the most patient becomes the winner. We get this at most times when the market isn't good and holders that have lost theirs will panic sell and won't be focused anymore to their goal of being long term.

In short, in the long run nothing changes, bitcoin will still recover and conquer new ATHs. The only important thing we need to do until bitcoin conquers a new ATH is to be patient and decide not to sell bitcoin even if something worse happens. What's going on is just short-term fluctuations so there's nothing to worry about or get discouraged, Bitcoin is unpredictable and we all know it. We might even be happy to see this if we have faith in bitcoin in the long run as the correction is clearly an opportunity for us to own bitcoin cheaper.

[BALIK]

So the break down below 60k happened but will it stay below it?  There are some words swirling around CT that it's the German government that's been selling down BTC.  Didn't really follow the news and no idea how they got a huge stack of BTC.  But the good news is they'll run out before the month ends.  So no...  I don't think BTC will stay below 60k for July.

Oh...  And let's all root for Spain in the Euros vs Germany!  5 - 0 Spain W one time!  

As far as I know, the German government holds 50kBTC and this bitcoin is from their confiscation of the pirated movie website Movie2k. Recently, Arkham reported that the German government transferred a total of 1,300 BTC to Bitstamp, Coinbase, and Kraken. This is not the first time they have sold bitcoin, before that the German government also transferred this bitcoin to the exchange for the purpose of liquidation and the first time was on June 20.

The market has too much bad news but I also believe that this cannot last forever so we should not worry too much. It is inevitable that bitcoin will soon recover and continue to increase in price.

https://x.com/WuBlockchain/status/1808781034210930768

https://blockonomi.com/germany-liquidates-portion-of-50000-bitcoin-seized-from-pirate-website-movie2k/