BTC Sentiment Poll for June

[Coyster]

Bitcoin price is $105,000 right now and i don't think it is going to fall below $100,000 this month, but it is possible that it could rise above $110,000 again, it depends on market sentiments, the state of the global economy and other political factors. We are basically speculating as we don't control the market, so i will give my own prediction that if all things go well, we might reach $115,000 this month, so fingers crossed on that.

[BITCOIN4X]

Bitcoin price is $105,000 right now and i don't think it is going to fall below $100,000 this month, but it is possible that it could rise above $110,000 again, it depends on market sentiments, the state of the global economy and other political factors. We are basically speculating as we don't control the market, so i will give my own prediction that if all things go well, we might reach $115,000 this month, so fingers crossed on that.

Of course, we cannot control the market and change the trend, but someone else, especially someone who has a lot of bitcoin, might be able to do it. I can imagine that a whale holding thousands of bitcoin could influence the market and cause panic, the price could correct quickly even if the whale doesn't sell. Traders and investors will sell first before whales sell, especially when large amounts of bitcoin are detected entering exchanges.

The price could be under $100k or possibly higher than $110k. I agree we are all just speculating, but we can analyze the direction of price movements based on past data. If previously the price of bitcoin tended to fall in June, it is still possible the same thing will happen in June this year. But just like you, I expect the price to rise higher than $110k and hit a new ATH.

[LogitechMouse]

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And if you look at the chart below, it's still trending up.    So, what do you guys think, will the momentum continue for June or will we see it slow down a little and end up closing below last month's price?
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Also, if you will look at the chart, and compare it to the 2021 bull run, it made a high, then dumped, then created a higher high before it went down. It also happened this year as well. A high, dumped, and then a higher high. The question now is, will it continue to go up like many are expecting, or it will be the other way around just like what happened in 2021?

I expect that Bitcoin will go below as low as $97,000, but it will get invalidated if it surpasses and stays above $107,000 for some time. Basically, I'm expecting Bitcoin to go below $100,000 this month before it goes up again, but I will not be surprised if it will continue to pump because after all, the sentiment around is quite bullish and the fear and greed index isn't that high either (it's at 58 based on Coinmarketcap).

I want the market to give us a final opportunity to accumulate at below $100,000 before it goes up to new ATH again, but maybe, just maybe that correction that we saw a few days ago might be the final one. Who knows? Just be ready on what can happen.

[_BlackStar]

It's 17 for the guys who voted yes and just 5 for those ones of voted no.  It looks like early sentiment is very positive.  This is far from what we saw last month.  It was mostly split between yes and no as it was really hard market to gauge.

This month looks somewhat easier.    But we still have a couple more weeks before the middle of the month.  We'll prolly start seeing where it's really going by then.

Stay safe out there guys.

All possibilities still seem realistic to expect - so anything is possible. I looked at the bitcoin trading volume a few minutes ago and it showed that the trading volume seems higher than the previous two days. There is an increase in trading volume today even though the daily closing price may not be much different in the last 5 days. The daily closing price is around $105K and it has been going on for 5 days - that means the sideways is happening.

[BlackBoss_]

I still don't think we can see big rallies that bitcoin is known for because of the global tensions and the recession that is worsening because of those tensions.

But it is time for rises nonetheless. Bitcoin is still undervalued and adoption is still growing which means the value is already up, we just need the price to catch up. So I expect smaller than expected rises but they are still rises. $200k is not far...

It's hard to predict price in short term but in long term, with Bitcoin's unique technical design and many strengths that are solid foundations for its survival over many economic crisis globally and unbreakable Bitcoin adoption growth, it's easily to imagine of a future when Bitcoin is exchanged for $200k or even more.

In last cycles, the Bitcoin Pi cycle top indicator works very well and possibly it can work well in this market cycle.
https://www.bitcoinmagazinepro.com/charts/pi-cycle-top-indicator/

If it continues to work well, this market cycle does not reach its top.

[yudi09]

-snip-

Sorry mate but technically it is still down. Maybe if they say bear, then yeah that looks off. If about judging the month of June, it is indeed early. So like you said, it is better for us to observe at least a week performance of Bitcoin to have a better judgment. You might also be correct that a decline of value can be a sign of an incoming rise. It is because some people likes to buy during it but there are also some who are more positive when the price is already rising, so this allows us to see a consistent increase too. If I'm going to predict now, I would say that the momentum of Bitcoin can continue because it is not yet full force.

Bearish indicates a situation of decline. To me it's the same thing to explain another name for a decline.
From a price of $110k to a price of $105k, what other name is appropriate to describe how the current condition is, a small correction or something else is more appropriate.
Let, I would say it is for the current situation to see a significant price change.
It is only with this kind of condition that investors can fix back portfolios that have sold shorts when prices reached $110k and $111k.
Perhaps as OP said, this month seems to be somewhat easier.

[Popkon6]

Bitcoin price is $105,000 right now and i don't think it is going to fall below $100,000 this month, but it is possible that it could rise above $110,000 again, it depends on market sentiments, the state of the global economy and other political factors. We are basically speculating as we don't control the market, so i will give my own prediction that if all things go well, we might reach $115,000 this month, so fingers crossed on that.

The price of Bitcoin is currently being dumped a bit, but there are many signs of dumping at the moment, but there may be a slight dumping. The price of Bitcoin reached an all-time high in May, so the current price is correcting down. However, it will be close to $100K and there is a possibility that the price of Bitcoin will increase again by the end of this month.
So, just wait for our patience, the decrease in the price of Bitcoin means that there is an opportunity to participate in investment. However, the possibility that the price of Bitcoin will set a new record again is the most likely reason for this.

[STT]

On at least one chart I have a clear break of the uptrend and BTC certainly is acting that way as is broken in its rocket upwards.   So the first Fibonacci level below what has been found to be the top is 99k area and how it reacts to that is how to judge the strength of sellers vs the prior buyers so apparently in last two months.

Today BTC has reached the 50 day average which is still rising quite well, the most important indicator is the 200 day average also rising below and we may have to visit that area if some buying isnt seen and registering before the end of this weeks candlestick.

[tokeweed]

^ Ok, so what does all that tell you about if BTC is gonna have a green candle or a red candle at the end of the month?  It's really hard to gauge these things and sometimes TA can't really help predict where these things will go...  Like the first day of the month, most of us were thinking that the end of the month for BTC could go green.  But now, not so much.  It really is a crazy market out there.  

Anyway, looks like BTC hit local bottom?  What do you guys think?  Rest of the market could follow.  Been going long on HYPE, LIQD and this memecoin called BUDDY.  

[retreat]

So, what do you guys think, will the momentum continue for June or will we see it slow down a little and end up closing below last month's price?

With several countries issuing pro-Bitcoin policies and institutions becoming more open to investing their money in Bitcoin, it is positive news that gives a boost to Bitcoin's movement this month. This also encourages retail investors' optimism towards Bitcoin to invest more of their money, and that further strengthens Bitcoin's position. I see that this is a good month for Bitcoin, and I am quite optimistic that we will see a new ATH to be printed this month.

[_BlackStar]

-snip-

With several countries issuing pro-Bitcoin policies and institutions becoming more open to investing their money in Bitcoin, it is positive news that gives a boost to Bitcoin's movement this month. This also encourages retail investors' optimism towards Bitcoin to invest more of their money, and that further strengthens Bitcoin's position. I see that this is a good month for Bitcoin, and I am quite optimistic that we will see a new ATH to be printed this month.

If what you say is really that big impact for bitcoin - then we should not have seen a correction since the end of the month until early June. Bitcoin has corrected lot to test support at $100K - if governments and large institutions were buying and accumulating in large amounts, then we should have seen a new ATH.

Behind your optimism - I think you also need to consider two possibilities, it is a deeper correction or a higher rise. We are only in the first week of June - there is a little concern that causes selling pressure to increase, but I hope the market condition will recover soon. I do not expect much this month - but if possible, I still hope for a new ATH.

[pawel7777]

A new pattern just dropped in.
Forget about the halving cycles, this is the real deal:


https://x.com/milesdeutscher/status/1928436282398781636

But in all seriousness, we had a nice V-shape recovery after that dip to ~$100,500, which should be a good indicator, but, at the same time, people are losing patience and are getting tired of prolonged sideways movement in a time when everyone was expecting an easy way to at least $120k.

[Dave1]

^ Ok, so what does all that tell you about if BTC is gonna have a green candle or a red candle at the end of the month?  It's really hard to gauge these things and sometimes TA can't really help predict where these things will go...  Like the first day of the month, most of us were thinking that the end of the month for BTC could go green.  But now, not so much.  It really is a crazy market out there.  

This is just the end of the first week of this month though, so we still have a good chance that somewhat at the 3rd or 4th week, there could another break out as this is the trend if we look at the historical logs.

Sure, we all know that TA is not exact math, but there are a lot of traders who uses it to somewhat make a educated guess and see where the price will be. Hopefully TA will still points to a continues growth short term, at least at the end of the month as last month we had a good green candle at almost 11% increased.

[Iranus]

The price of Bitcoin is currently being dumped a bit, but there are many signs of dumping at the moment, but there may be a slight dumping. The price of Bitcoin reached an all-time high in May, so the current price is correcting down. However, it will be close to $100K and there is a possibility that the price of Bitcoin will increase again by the end of this month.
So, just wait for our patience, the decrease in the price of Bitcoin means that there is an opportunity to participate in investment. However, the possibility that the price of Bitcoin will set a new record again is the most likely reason for this.

Bitcoin does not rise or fall randomly, everything has a reason. Bitcoin prices rose in May as the tariff war cooled, helping investor sentiment improve and become more positive.

Similar to June, bitcoin price depends on the macroeconomic situation. For bitcoin to increase in price, we need positive news or no negative news to impact the market. We should not make superficial predictions based solely on our thoughts and expectations, the market does not move according to our expectations.

[m2017]

So here we go again...  Checking for the sentiment right after last month's end.  It didn't end that bad, I guess.  BTC went over all time high for a while and it's still in the green despite having some iffy moments towards the end.

And if you look at the chart below, it's still trending up.    So, what do you guys think, will the momentum continue for June or will we see it slow down a little and end up closing below last month's price?

Many expect the bitcoin's growth to $120-150k, some even higher, in the not-so-distant future (in the next few months), but for some reason it now begins to seem to me that perhaps we will not see growth (at least noticeable). And here's why. As has historically developed, bitcoin has certain growth and decline phases. What are called BTC-cycles. The current cycle has been going on for quite a long time, which means that we are gradually approaching the final phase. Despite positive expectations, I can assume that the market will gradually begin to fall. This happens naturally every time. There is also an indirect sign. The market is unpredictable and most often moves in the opposite direction from the expectations of market participants. If now many are still expecting the growth of bitcoin (to $120k-150k-170k-200k), then based on this, the market may turn in the opposite direction. I realize this is a bit of a vague and dubious argument, but as has happened many times in the past, the "go against the market" rule works.

[EarnOnVictor]

Bitcoin price is $105,000 right now and i don't think it is going to fall below $100,000 this month, but it is possible that it could rise above $110,000 again, it depends on market sentiments, the state of the global economy and other political factors. We are basically speculating as we don't control the market, so i will give my own prediction that if all things go well, we might reach $115,000 this month, so fingers crossed on that.

I don't have a serious bull market reference on Bitcoin this month, it will likely continue with its rollercoaster ride as we've witnessed since it touched above $100,000 again. Who knew it would hit almost 100k this week? That selling was what put James Wynn in trouble because he overbelieved in the bullish trend instead of focusing on the market conditions and reality. Nothing serious is favouring a long-term bullish for now, but a ranging market.

[tokeweed]

A new pattern just dropped in.
Forget about the halving cycles, this is the real deal:


https://x.com/milesdeutscher/status/1928436282398781636

But in all seriousness, we had a nice V-shape recovery after that dip to ~$100,500, which should be a good indicator, but, at the same time, people are losing patience and are getting tired of prolonged sideways movement in a time when everyone was expecting an easy way to at least $120k.

LOL.  Man...  Does that mean most of us will be offside again?   

Maybe the whole community should ask the guys who organized the conference to cancel it just for this year so the dump won't happen. 

But yeah, it would be funny if it does actually happen.  Everybody attending the conference getting bearish again.  What a vibe killer.

[AbuBhakar]

I don't want to say I'm bearish this month but with the Trump vs Elon drama ongoing, I don't see bitcoin to pump this month and make a new all-time high. I'm fine as long as the price just consolidates and the psychological support of $100k holds. I'm expecting a pump again next month or before q3 ends.

The good thing now is the market doesn't panic that much when bad news happen. Seems like more people now know how people above try to manipulate the public to buy as low as possible.

[tokeweed]

^  And with that post, it look like BTC is making us look dumb again.  The market is getting bought up again.    Not sure who,  not sure why, but with all these companies copying the Saylor 'strategy'.    But yeah, all the intereresr 8n BTC should pump the market sooner or later.  I guess we're seeing it right now.

If we got a couple more weeks of a move like this then BTC will he going up and above 110kfor sure.  Keep your fingers crossed guys.  June could be the month.

[bitgolden]

The majority of the voters believe it will be bullish and I agree with that sentiment. We have crossed the $100k mark and that is quite an achievement. Years ago we could only hope we will see $100k and now it's a reality. I am shocked some people are still bearish, maybe they are right for the short term.

My inner voice says we will be seeing BTC traded at $125k by the end of this month and $180k+ by the end of 2025. Unless we have another pandemic there is no reason the price should go down at all.

Even if we dip under $100k don't panic, few months ago it was $70k and what happened? We are again at where it should be!