BTC Sentiment Poll for June

[BitBrainers]

Well, if you’re paying attention to an indicator like the RSI, then you should pay attention not only to the daily timeframe but also to the weekly one. There’s no oversold condition on the weekly timeframe yet.
As for a bounce, it could certainly happen, but given the current market trend, I wouldn’t expect BTC to bounce above $67k.

You are right, I was looking at the daily in isolation. The weekly not confirming oversold changes the picture on the bounce ceiling.

There is panic in the market but this situation is not going to last long. The psychological test has begun for real investors and they are still accumulating Bitcoin. As I am still accumulating Bitcoin every week using the DCA strategy. Best rewards await the patient investors by doing a cycle of regular DCA and continuing regardless of the price falling or rising.

The price decline period is another great time to accumulate Bitcoin because it is the best opportunity to add a larger Bitcoin fraction to the portfolio through fewer dollars. Do not think of time as an opponent because the period of price decline is created to provide an opportunity to strengthen your portfolio.

Been doing this since 2019. Every panic period looks the same. You accumulate or you regret it later.

[summonerrk]

The beginning of summer brings a seasonal reassessment of risk, the cost of money, and capital priorities.
Main drivers:
1. Warsh shock. The market is now pricing in a tighter Fed policy.
2. Geopolitics. The 60-day truce period has ended. New escalation.
3. AI has taken the growth premium. Institutional capital is exiting crypto to pursue current narratives: AI, chips, mega-cap IPOs, cash.
4. Structured BTC buyers have inverted. Strategy has sold BTC for the first time since 2022, record ETF outflows.
5. High leverage. The market remains overleveraged.  
6. The strong US labor market was the final blow to rate cut expectations. Given these data, the Fed is under no obligation to ease policy.
Total market cap fell to its lowest since September 2024: $2.06 trillion. the past week: BTC -14%...
Bitcoin came under extreme pressure: Strategy selling (psychological effect) + $4.6 billion in ETF outflows + a large transfer from an old Mt. Gox wallet.
But BTC held at $60,000 and rebounded to $63,000.

[tygeade]

Being down is good, sometimes you need to hit that reset button so that people could make some money from bitcoin again. If you always go up then eventually the market will be full and there won't be anyone left to buy and then you will lose a lot of money. Whereas if you handle this careful and sometimes crash and allow people to buy more at cheap prices then you will be doing fine and it will not be bad at all.

I understand this is not easy but in the end we are going to make some profit from this ups and downs. Right now it is down and it is not really that much of a big issue, we should realize that down means we should be getting more bitcoin at this point so that we could profit from it later on with time.

[rezakurnia66]

Being down is good, sometimes you need to hit that reset button so that people could make some money from bitcoin again. If you always go up then eventually the market will be full and there won't be anyone left to buy and then you will lose a lot of money. Whereas if you handle this careful and sometimes crash and allow people to buy more at cheap prices then you will be doing fine and it will not be bad at all.

I understand this is not easy but in the end we are going to make some profit from this ups and downs. Right now it is down and it is not really that much of a big issue, we should realize that down means we should be getting more bitcoin at this point so that we could profit from it later on with time.

Being down is good if you have back up fund but not for holder have waiting the uptrend moment selling their bitcoin assets, getting crash right now and June opening bad for bitcoin price dump significant but if have much back up fund being down the moment buy back. I believe many top investor waiting for being down of bitcoin price and exactly buy back as much as possibility with much profitable earn later.

Downtrend is great easy way to earn much profit but only for braveness not panic to sell and keep buying back from the lower price, not require holding for long term to earn profit and then downtrend moment always come again.

[alankasman]

...

Being down is good if you have back up fund but not for holder have waiting the uptrend moment selling their bitcoin assets, getting crash right now and June opening bad for bitcoin price dump significant but if have much back up fund being down the moment buy back. I believe many top investor waiting for being down of bitcoin price and exactly buy back as much as possibility with much profitable earn later. 

Benchmarks will always exist when there is a crossroads in market price declines. For me, this is a natural topic for discussion here. We are all different here. Some have backup funds so a price drop like this presents an opportunity to add BTC to their growing assets while others are waiting for the right time to sell the small amount they have accumulated. This often occurs when the price is declining.

But for me I prefer to have reserve funds because our goal in investing is only to continue to increase the number of BTC so that the victory for them now is by having these funds which makes them continue to increase the existing amount especially this opportunity they will not waste time because what usually happens is that after a price drop there will be a change to rise more than what happened before so it is very appropriate to accumulate when the price is in a decline that occurs as it is currently at $ 63,200 and this price has started to rise from what happened last week where the price was below what I mentioned earlier, so by having reserve funds of course this is one of the things that becomes an opportunity for those who have money to continue saving cast money by increasing the number of BTC which will become our assets for the future.

[Ayers]

Being down is good, sometimes you need to hit that reset button so that people could make some money from bitcoin again. If you always go up then eventually the market will be full and there won't be anyone left to buy and then you will lose a lot of money. Whereas if you handle this careful and sometimes crash and allow people to buy more at cheap prices then you will be doing fine and it will not be bad at all.

I understand this is not easy but in the end we are going to make some profit from this ups and downs. Right now it is down and it is not really that much of a big issue, we should realize that down means we should be getting more bitcoin at this point so that we could profit from it later on with time.

I believe everyone knows that buying low and selling high is the way to make a profit in investing. So both price drops and price increases are good thing, and they each create different opportunities.

It would be very difficult for us to make a profit if the market only moved in one direction. Therefore, the market needs to be volatile, and what we need to do is identify which phase the market is in and act accordingly

Those who say that price declines are bad should reconsider their strategy and investment plan. I even hope the price of Bitcoin will drop even further in the near future because that is a way to make huge profits.

[AprilioMP]

Being down is good, sometimes you need to hit that reset button so that people could make some money from bitcoin again. If you always go up then eventually the market will be full and there won't be anyone left to buy and then you will lose a lot of money. Whereas if you handle this careful and sometimes crash and allow people to buy more at cheap prices then you will be doing fine and it will not be bad at all.

It can be said that current Bitcoin market prices are in a buying zone if the goal is long-term investment.
Based on the 2021 all-time high and Bitcoin’s current price, if you draw a line on the chart, I would say this is the ideal buying zone that long-term investors have been waiting for.
Any purchase is good, but buying strategically—as is the case now—at a price that can yield long-term profits is even better.