BTC Sentiment Poll for June

[tokeweed]

So we were all, almost all, wrong with thinking BTC will hold 80k USD for last month's poll.  So here's another one that you guys might like getting into.  Since BTC has been trending down for the last couple of weeks or so...  Time for a new poll. 

You guys think 70k will hold or will it break?

[As-Soon-As]

Today, June 1st, the first day of the month, the red candle of the Bitcoin price has grown and is moving downwards. The 70K level is shaky, I am guessing that the weak pillar may break at any time and come towards the 60K dollar level. However, in this situation, the Bitcoin market will not last long, it will move towards 80K dollars at any time and the level may become strong.
Since the Bitcoin market is falling at the beginning of the month, and by the end of this June, the green candles will grow and we can also move towards 85K dollars.

[programmer3666]

As for June, I think Bitcoin still has a good chance of moving above $75k maybe even before the middle of the week if market sentiment improves. Right now, many traders seem to be waiting for some positive headline and with Trump involved, it wouldn't be surprising to see another announcement about negotiations or easing tensions that gives the market a short term boost. But one thing to note is that, Bitcoin has shown many times that it can move against popular expectations. For now, I think $70k is a strong support level and unless there is a major negative event like Israel striking Iran or Iran striking UAE, I am betting more toward a move above $75k than a breakdown below $70k.

[Karl_3000]

So we were all, almost all, wrong with thinking BTC will hold 80k USD for last month's poll.

I said the price may later fall and it fell, there are some weeks that the beginning can be good but if too early, it might end in bad closing for the month and that was what that happened last month.

If I should say what is in my mind, bitcoin is going below $70000, there will be a support at $700000 but the bears will still overshadow the bulls in this month.

[SatsPH]

I voted for below.

It looks like the sentiment for this month is not looking good. News like outflow of ETF's are all over and I think it can influence the market very well.

And definitely, as much as we thought that the war is not going to affect the market, it will. And with fresh new attacks on Iran, I think it's one trigger why the price in  the last week of so of May started to decline.

[Yaunfitda]

So we were all, almost all, wrong with thinking BTC will hold 80k USD for last month's poll.  So here's another one that you guys might like getting into.  Since BTC has been trending down for the last couple of weeks or so...  Time for a new poll.  

You guys think 70k will hold or will it break?

There are selling pressures already even before we enter the month of June. So with that, I think it will continue, as we've seen major rejection in support levels. It might sound doom and gloom, but that's what the market could be for this month or at least short term as we are in the bearish market.

Obviously, there are still catalyst that might bring the price to go up, like what we wait for every month, e.g., Fed rate cut, ETF inflows data. But barring all circumstances, there could still be liquidations in the next 4 weeks.

Edit: This could have some ripple effect for this month.

https://finance.yahoo.com/markets/crypto/articles/michael-saylor-strategy-sells-32-122554651.html

Strategy announced on Monday that it sold 32 Bitcoin during the past week, marking its first Bitcoin sale since December 2022.

[Odohu]

The momentum with which the market is dropping is high and it is not showing any aign of slowing down. From technical analysis,  the market is poised to taking the low of this year around $60k, unless something serious that makes huge impact on the market such as ending the war in the Middle East that will be seen as something positive for the market based on what we have seen. If this does not happen, the best we can see is the market going into consolidation and if there will be any rise this month, it might just be to test $80k.

[free-bit.co.in]

Once again, the market has shown us that it often moves against the expectations of the crowd. Every time most people become convinced that prices will keep rising and reach higher, the market tends to fall, and vice versa 

Most investors' sentiment tends to follow the market trend, not the other way around. With bitcoin continuing to decline on the very first day of the month, it is not surprising that people are starting to doubt and believe it will keep falling toward $70k rather than move higher.

I am also part of the crowd.

[Karl_3000]

Once again, the market has shown us that it often moves against the expectations of the crowd. Every time most people become convinced that prices will keep rising and reach higher, the market tends to fall, and vice versa 

With all what that is going on like Strategy want to sell bitcoin, miners moving bitcoin to exchanges and other ones, you should expect this to happen. Miners moved bitcoin to exchanges, there was ETF outflow and crypto price started to fall. Strategy sold bitcoin today which is 3 bitcoin, market also reacted to it but the amount sold is small.

[Minor Miner]

  Since BTC has been trending down for the last couple of weeks or so... 

The bear market is not over yet, so we should not be surprised by this Bitcoin decline. Even based on historical patterns, Bitcoin may not have bottomed out yet. Given the current downtrend, it would not be surprising if the price dropped below $70k or worse $60k.

Bitcoin is currently trading around $71,5k and I think it could fall below $70k as early as today.
It is time to go shopping again.

[Aanuoluwatofunmi]

I'm beginning to suspect that this month is going to be a little bit brutal because of the microstrategy influence of selling some part of their BTC as the market shows a downtrend pattern already and the candles are red, while this indication does not mean that we should forfeit the opportunity of seeing it performing well at the same time, so therefore the beginning may look bearish while at the middle and towards the end may go bullish at the same time, this month of June is a kind of such that we don't see as usual performance from previous months, because there could be sudden shock for rising and falling of the market price during this period of time.

[Churchillvv]

I’m one of the people who’s prediction failed totally, the end of the month was really serious than I expected, now I’m sure most of us are stuck in what to expect this month it’s really confusing but my hopes are not high enough but a little beat up that we can make it back to 80k from this 71k.

Best scenario for me is if we can sustain a consistent pace up to 76k in two weeks, then maybe if the FED holds its  (FOMC) meeting which is probably going to happen in the middle of this month June then we can expect a significant 80k bullish but if there meeting goes the wrong side then we have to kill our hope again because it’s going to be within the 70kish price for a while.

[Nathrixxx]

I could remember from the thread I created as well when I give a signal that the first fall that we had, which rent the market at $72,000 will have a comeback, because immediately after the Fall, you still see the market gradually moving towards $74,000 can I give a warning that it could be deceiving because the main target is to later fall back even below $72, 000.

This is just a confirmation to prove that we are most likely to have anything less than $70,000 itheis month of June, some market pump could just be a means of distracting us from the real intended market fall, this is where the psychological aspect of trading is needed so we could couple the experience together with the results needed.

[colinistheman]

Best scenario for me is if we can sustain a consistent pace up to 76k in two weeks, then maybe if the FED holds its  (FOMC) meeting which is probably going to happen in the middle of this month June then we can expect a significant 80k bullish but if there meeting goes the wrong side then we have to kill our hope again because it’s going to be within the 70kish price for a while.

Inflation in March was 3.3% and in April it rose to 3.8%, exceeding expectations. And as we all know, much of this increase has been attributed to the conflict in the Middle East.
After these figures, the market has basically priced out any Fed rate cuts for the rest of 2026. So I think you should forget the idea that the Fed will cut rates and save the market from further downside.

As long as the war drags on, oil prices remain high, and inflation does not decrease, do not expect them to lower interest rates.

I voted "Below'

https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

[m2017]

You guys think 70k will hold or will it break?

Is the market starting to drown in investor tears?

I'm certainly no expert at witchcraft chart (and how is my method for forecasting the future market, based solely on premonitions, any worse than your charts? ), but I still predict that the price of bitcoin will fall below $70k.. I initially expected the rise closer to $80k. to be short-lived and had no illusions about $100k., as some were already beginning to rejoice in anticipation.

What if the price falls below $60k. thousand instead of $70k.? But honestly, given inflation and the endless money printing press, bitcoin should have gone up, right?

[PostQuantumBTC]

This is just a confirmation to prove that we are most likely to have anything less than $70,000 itheis month of June, some market pump could just be a means of distracting us from the real intended market fall, this is where the psychological aspect of trading is needed so we could couple the experience together with the results needed.

There are no people that are buying bitcoin to hold for long for now, they are buying bitcoin to make money within a short time and sell. This is common during bear market, it is when bear market has been lasting for a longer time that they will change their decision and hold for long. This month may end in price of bitcoin going below $70000.

[yudi09]

Trading data still shows that the percentage of sales continues to dominate purchases. May ended with prices below $80,000, contrary to most speculations, and if sales figures remain high relative to purchases this June, the likelihood of prices rising above $80,000 is not guaranteed.

Regarding the Bitcoin price forecast for this June, I speculate it will be above 70K USD but not above 80K USD. Is this still a bearish trend? Yes, though I’m unsure about that here.

[pawel7777]

Voted 'below $70k'
The bear trend seems pretty clear.
Just today, we dipped again, by over 3.5%, which shows that the correlation with the stock market is suspended in favour of the 4-year cycle pattern bear stage. Both Nasdaq and S&P are slightly up today as well as up by 1%-2% in the last week, while Bitcoin can't catch a break.
Drops in price are not as severe as we have seen in the past, as we are in a more stable market right now, but the downtrend should continue for a while.

[Bitcoin-Forever]

Since we have tasted the market price of $75,000 and $78,000 I don't think it is something bad to also feel the bear for now by coming towards something more deeply below $70,000, the only advantage is that those interested in investing should have an entry position for them to buy the dip and hold before selling.

You should be getting ready for $65,000 this month or something within the range because the market is getting more bearish and now at the verge of $70,000 to fall more or make a support, which is mostly not possible for now as the market is.

[BitMaxz]

This is a bit hard to predict honestly, because $70k is my target price, but the problem is the bearish momentum is still strong and the price action still keeps making a series of new lower lows and lower highs. It means we are still bearish since I am not against the trend; I am going to choose below $70 on the poll. I know I can't change my vote, but my perspective can be changed if I see the bear is weakening and creating a new higher high and series of higher lows.