BTC Sentiment Poll for June

[cyberninja2]

I agree with your advice that people should focus on buying whenever Bitcoin is falling. But do not buy just because you think prices will bounce back by end of month, there is no guarantee that will happen. If you buy because you expect it to recover by the end of the month, you are gambling with your own money.

On the positive side we see people making purchases when the price is dropping but there are also some that are not good for another reason. Frequently doing this is certainly a waste of time delaying the start of investing in Bitcoin. Delaying investment can lead to failure in opportunities that are already available to us.

This is what leaves many people confused about what they should do to get started, especially if they have too much hope after making a purchase. The most important thing after buying Bitcoin is to remain consistent and wait for the right time. This is not a gamble with your own money. Making a purchase hoping the price will recover soon is an idea that in my opinion cannot be used by others.

[pooya87]

The recession is getting worse and with energy prices soaring due to NATO destabilization wars around the world, it is tough to see the economy improve. Bad economy means more sell pressure than buy strength in the bitcoin market.

There is also the increasing NATO's threat in Eastern Europe where they are trying so hard to expand the war there to both destroy those regions and weaken Russia some more since Ukraine mostly failed. The mobilization of forces and their accumulation in that front is a strong signal to the world that even worse economic days are on the way.
Again bad economy is bad for bitcoin...

However, this dump may not be sustainable though. This still feels like a panic sell to me. We've been here multiple times too and price recovered.

[Anthony Bill]

This is a sign of bear season that will make the price of Bitcoin low more than two years before sellers will see bull market. I think this bull season is the longest season, so many investors will not be worry For see this current price because this season Will be bear all through.

[Jaweria parveen]

There is also the increasing NATO's threat in Eastern Europe where they are trying so hard to expand the war there to both destroy those regions and weaken Russia some more since Ukraine mostly failed. The mobilization of forces and their accumulation in that front is a strong signal to the world that even worse economic days are on the way.
Again bad economy is bad for bitcoin...

This is happening because it is part of America and the principle of NATO is that when there is a war in one of its countries, the entire NATO has to participate, meaning that it becomes NATO's own war. That is why America's enemy is also Russia, due to which it wants to weaken Russia because its area is large and its weapons are also large, which is why America is also afraid of it for some time. If this happens in all of this, if NATO comes in the middle, this war can be quite big and in all of this, Bitcoin has taken a lot of influence and its price can fall a lot in the market. At first, NATO did not participate in it, but since Ukraine has been losing to Russia, America wants to somehow make Ukraine strong and weaken Russia. This month too, we will not be able to see most of the positive things in the market.

[Leahized]

This is what leaves many people confused about what they should do to get started, especially if they have too much hope after making a purchase. The most important thing after buying Bitcoin is to remain consistent and wait for the right time. This is not a gamble with your own money. Making a purchase hoping the price will recover soon is an idea that in my opinion cannot be used by others.

To be honest right now I'm in a bit of a quandary as I was buying some bitcoins while having 73k, now running about 5% down. However, analysis shows that Bitcoin will fall below 65k, which is not really happy for an investor. Anyway will buy some bitcoins today if it comes in at 66.5k. However, I feel that a large number of red candles have already been created at the beginning of June compared to other months. In this situation, without waiting for different opportunities,It is important to stick to long-term planning. This will make it easier to overcome confusing situations.

[Y3shot]

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.

Since the year started, I already know the price of Bitcoin won't increase very quickly. It is possible that the price of Bitcoin may still be in the range of $70k or even below.

It took some months for the price of Bitcoin to reach $70k, and I still feel that for the Bitcoin price to increase above this range, it won't happen very quickly. So for me, I would say we shouldn't expect a higher price this month, but the price movements will be within $70k.

[BitBrainers]

my take is simple until the F*cking war is over and the oil price is flattening the bear would be here as long as they want . Lets gather all the news first

- spot ETFs recorded a devastating $2.43 billion net outflow across May, driven heavily by macro expectations that the Federal Reserve will hold interest rates higher for longer.
- A massive 10,422 BTC transfer ($739 million) out of Mt. Gox cold storage hit the trackers yesterday. Even though it hasn't hit the market order books, the mere movement of ghost supply has spooked retail buyers.
- MicroStrategy (Strategy) executed a tiny profit-taking sell of 32 BTC ($2.5 million). While it represents a microscopic 0.0037% of their treasury, the headline "Saylor Sells" broke the psychological armor of the market.

well based on my view there is no single good news at this point but I still vote Up just for fun. It breaks temporarily to sweep liquidity, but closes June above

The three catalysts you listed are real but they are not equal weight. The $2.43 billion ETF outflow is the one that actually matters. That is institutional repositioning, not panic selling, and it does not reverse quickly.
The Mt. Gox transfer is a headline trade. 10,422 BTC moved but none of it touched the order books. People sold the news, not the actual supply. That kind of move tends to flush weak hands and settle.
The MicroStrategy 32 BTC sale is honestly just noise. 0.0037% of their treasury and the market reacted like Saylor personally declared bankruptcy. That tells you more about sentiment than about fundamentals.
The war and oil are the real ceiling on any recovery. Fed stays frozen, inflation stays elevated, and June 15 BOJ decision is the next thing worth actually watching.

[Zanab247]

The price might break and down below $70k by the end of June so I vote below. That is a wild prediction that can happens but we hopes that will not happens. The price trying to increase and sustain on the price level now although that is not easy. I see the price getting up and down so fasten your seatbelt just in case if the price gets another flash dump but don't forget to accumulate if the price touch the lower price than now. Beware of the wild speculation out there, they will spread so many bad things and makes people panic.

Base on what just happened that made the price of BTC to dump below $69k, it has created a lot of fear for those that are waiting for the bull run to come before they can sell, because they where expecting the price to pump to reach
$100k before they can start selling but seeing this current price it has changed their mood. The price has dump low to create opportunity for those waiting for low price to occur before they can buy again, and I believe this is the right time for such group of people to start buying BTC against next bull market.

I don't still believe that this small dump will lead to long bear market, because there is still hope that this month of June will not end up bear season.

[dwyane36]

The three catalysts you listed are real but they are not equal weight. The $2.43 billion ETF outflow is the one that actually matters. That is institutional repositioning, not panic selling, and it does not reverse quickly.
The Mt. Gox transfer is a headline trade. 10,422 BTC moved but none of it touched the order books. People sold the news, not the actual supply. That kind of move tends to flush weak hands and settle.
The MicroStrategy 32 BTC sale is honestly just noise. 0.0037% of their treasury and the market reacted like Saylor personally declared bankruptcy. That tells you more about sentiment than about fundamentals.
The war and oil are the real ceiling on any recovery. Fed stays frozen, inflation stays elevated, and June 15 BOJ decision is the next thing worth actually watching.

If BTC and the entire market were in a bullish trend, no one would likely even pay attention to all the announcements listed above. However, since the bearish trend in the market has been ongoing since last October, any negative news is enough to trigger another round of panic and a sell-off in the market. To be honest, right now it seems like major players are planning to dump BTC even lower, regardless of the news backdrop in the near future.

[tokeweed]

Looking at the poll's result...  So far it's 9 for above and 11 for below.  It's almost a 50 - 50 split.  That tells me a couple of things.  There are a lot of guys who didn't sell and are hoping that BTC closes above 70k.  And there are guys who already sold above 70k and want BTC to drop lower to get a better reentry. 

The month has just started.  Let's see how it goes...

[ultrloa]

Looking at the poll's result...  So far it's 9 for above and 11 for below.  It's almost a 50 - 50 split.  That tells me a couple of things.  There are a lot of guys who didn't sell and are hoping that BTC closes above 70k.  And there are guys who already sold above 70k and want BTC to drop lower to get a better reentry. 

The month has just started.  Let's see how it goes...

Well maybe that shows people are not really sure on what will happen on Bitcoin this month. Because we start on rough roads and there's still huge threat that maybe we could see more dumps on incoming days.

Still holding my position since its not good to sell it out of panic. But let's see if this bearish run will continue or there's sudden changes and Bitcoin will go back to its recovery phase.

Month of June newly starts and for sure there are lots of situation will going to happen this month. Hopefully lots of people will not get disappointed on how the market moves these days.

[crwth]

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

Since it was broken now, I think we are going to go and be at this range for a while and wait for investors to come back in. I think there are a lot of people who managed to profit and are probably waiting to buy back.



The range might be from 66,152 now to 67,527. I'm waiting for the resistance to break.

I think it will recover in mid-June.