Bitcoin prediction thread for July

[Oshosondy]

Happy new month everyone. Also happy second half of the year. Hope you have saved money for the next bull run? And hope you are saving more money and investing in bitcoin when there is still the opportunity to do so.

At last, bitcoin has falling below $60000 several times, the support has weaken and now below $60000 just as we thought it would happen on this thread and it happened.

We are now in another month, will bitcoin go back above $60000 or the support has finally be broken? Although, it has been broken. I do not post about bitcoin going below $50000 because I think bitcoin is not going there this month or what do you think?

I mean the price bitcoin will end this month with in the poll.

[Free Market Capitalist]

We are now in another month, will bitcoin go back above $60000 or the support has finally be broken? Although, it has been broken. I do not post about bitcoin going below $50000 because I think bitcoin is not going there this month or what do you think?

I'm pretty sure the price will drop further, but there seems to be some support—first at $60K, then $59K, and now it looks like $58K. What I do believe is that if it breaks through strongly, we could see prices fall below $50K. But as for my guess, and given the support, I've voted for "Bitcoin would be above $55000 and below $60000".

[Taskford]

We are now in another month, will bitcoin go back above $60000 or the support has finally be broken? Although, it has been broken. I do not post about bitcoin going below $50000 because I think bitcoin is not going there this month or what do you think?

I'm pretty sure the price will drop further, but there seems to be some support—first at $60K, then $59K, and now it looks like $58K. What I do believe is that if it breaks through strongly, we could see prices fall below $50K. But as for my guess, and given the support, I've voted for "Bitcoin would be above $55000 and below $60000".

I think you made typo on writing up the figures and If I'm not wrong you are referring on Bitcoin would be above $60k or will go down below $55k right?

But anyways other opinion you have really make sense, since we could see that those support levels are been hit up. That is the sign that the market is so weak. Since $58k has been reach at the moment there's possibilities that it could drop more maybe lower down up to $50k, also $49k is quiet achievable if more bad sentiments will came. But at current situation we can still safely say that $55k to $60k is possible the deeper price Bitcoin could able to reach. Hoping to see a recovery soon.

[Awaklara]

My prediction for this month is that Bitcoin probably won’t go below $50k. But we also can’t say the month is over with bearish trends yet. Further drops could happen, but maybe it won’t go below $50k. I think there's a chance Bitcoin could go above $60k this month, but I doubt it will last long and will correct back somewhere between $55k-$60k.

[Dr.Bitcoin_Strange]

There a high chance that Bitcoin could end this month with the price range of $55k - $58k, on the daily candle, the only strong support that has not been broken is $57'400 and price is just this 🤏 close to it, if it's broken, it could go below it all the way to $55k but if it holds, that's when we could see that price will maintain $60k+ for this month.

[PostQuantumBTC]

There a high chance that Bitcoin could end this month with the price range of $55k - $58k, on the daily candle, the only strong support that has not been broken is $57'400 and price is just this 🤏 close to it, if it's broken, it could go below it all the way to $55k but if it holds, that's when we could see that price will maintain $60k+ for this month.

Bitcoin just got to $57750 today, who knows if it will be broken. It was above $58000 yesterday but the $58000 was broken today. $57400 and many prices below like $56000 and $55000 are all strong support. I think as the price will dip further, the support will get stronger. If bitcoin go to $55000, the possibility that this month will end above $60000 is low as the support price is also reducing.

[GreatArkansas]

I'm already bearish this month; not a good start of the month because we closed below $60,000 (monthly candle)

It's just sad since I am already positioned, but it's fine if I am planning for long term, I may add more if ever we will drop to $50,000.
Right now, I believe this will be long winter market for Bitcoin.

[leonair]

We are now in another month, will bitcoin go back above $60000 or the support has finally be broken? Although, it has been broken. I do not post about bitcoin going below $50000 because I think bitcoin is not going there this month or what do you think?

I'm pretty sure the price will drop further, but there seems to be some support—first at $60K, then $59K, and now it looks like $58K. What I do believe is that if it breaks through strongly, we could see prices fall below $50K. But as for my guess, and given the support, I've voted for "Bitcoin would be above $55000 and below $60000".

Yes, the price of Bitcoin may fall further in July and it may be that the price of Bitcoin may go below $50k but that is not much. But I also firmly believe that it will be between $55-$60k by the end of the month. Bitcoin's correction is almost over and currently Bitcoin is in a position where it is the best time to invest. And most investors have already started DCA and I am also planning to start it. Because according to the ATH of Bitcoin, the possibility of Bitcoin's price going below $40k during the bear season of Bitcoin is very low.

[Sexylizzy2813]

With the current price of Bitcoin we can't be too certain to say Bitcoin price will start pushing up at a faster pace, honestly these days I find it hard to keep track of the market movement because of how slow it takes to go up and faster to drop, Bitcoin price these days have more of the red candles than the green candle that we desperately need to see. As of yesterday I saw the price @ $59k but currently it has moved to $60k but we still have to keep that hope of seeing it move from $60k to $69k+, at least from there we can say this month of July will be better than last month, although this month is just starting and we need to be positive.

[philipma1957]

We passed 60k so this poll needs to be locked.

[Don Pedro Dinero]

We passed 60k so this poll needs to be locked.

Why? It seems to me that you’re only looking at the poll options, but if you read what the OP says, you’ll see:

I mean the price bitcoin will end this month with in the poll.

So the thread doesn’t need to be locked just because that price has been surpassed; that’s not the point. The point is how the month will end, which is what people usually speculate about in these threads.

[Oshosondy]

We passed 60k so this poll needs to be locked.

Bitcoin has been increasing above $60000 almost daily and getting back below $60000. What I meant is that what the price this month will end with. Because bitcoin increased above $60000 today does not mean it is not going to fall back. Using the 15 minute candles, it seems $60300 may be a support, but you know indicator analyses can be broken. Bitcoin is at $60300 right now, what if it falls back below $60000.

[BALIK]

Bitcoin has been increasing above $60000 almost daily and getting back below $60000. What I meant is that what the price this month will end with. Because bitcoin increased above $60000 today does not mean it is not going to fall back. Using the 15 minute candles, it seems $60300 may be a support, but you know indicator analyses can be broken. Bitcoin is at $60300 right now, what if it falls back below $60000.

If I remember correctly, a few days ago BTC also dropped down to $58k and then recovered above $60k before setting a new low at $57,6k.

Bitcoin is a highly volatile asset and its price can rise or fall by 5%-10%, or even more in a single day. Therefore, it is too early to conclude that it will not fall to $60k or lower just because it recovered to $61k today.

As long as the bear market is not over, the possibility of Bitcoin falling to $55k or even below $50k will always remain.

[summonerrk]

Happy new month everyone. Also happy second half of the year. Hope you have saved money for the next bull run? And hope you are saving more money and investing in bitcoin when there is still the opportunity to do so.

At last, bitcoin has falling below $60000 several times, the support has weaken and now below $60000 just as we thought it would happen on this thread and it happened.

We are now in another month, will bitcoin go back above $60000 or the support has finally be broken? Although, it has been broken. I do not post about bitcoin going below $50000 because I think bitcoin is not going there this month or what do you think?

I mean the price bitcoin will end this month with in the poll.

The price is rising now. It's a good thing Warsh didn't say anything that would be seen as catastrophic by the markets. The main danger isn't his positive words, where Bitcoin could, at most, rebound above $60,000, which is what happened. And most importantly, the new Federal Reserve Chairman stated that inflation risks have diminished in recent weeks, but he promised that the US central bank will definitely return inflation to the 2% target and ensure price stability. The market has come to believe in a more accommodating policy and has calmed down a bit. I think this could be one of those pieces of good news that can be classified as "not bad, but therefore good." It seems that's why BTC is rising.

[PostQuantumBTC]

If I remember correctly, a few days ago BTC also dropped down to $58k and then recovered above $60k before setting a new low at $57,6k.

Bitcoin is a highly volatile asset and its price can rise or fall by 5%-10%, or even more in a single day. Therefore, it is too early to conclude that it will not fall to $60k or lower just because it recovered to $61k today.

As long as the bear market is not over, the possibility of Bitcoin falling to $55k or even below $50k will always remain.

You can see what happened when bitcoin fall below $60000, you can see how the whales are defending it back up above $60000. I know that bitcoin can fall further below $60000 but can it fall below $50000? That is what I think may not happen. I also think that there is still bear market, I can remember that some months will start good like this but end in the bear side.

If bitcoin can fall 5% in a day, I do not see it as a volatile asset like some other coins that can increase 200% in a day and decrease more than 50% within hours. Another thing is that the coins do not have bearing, they have to just be avoided.

[Sexylizzy2813]

We passed 60k so this poll needs to be locked.

Bitcoin has been increasing above $60000 almost daily and getting back below $60000. What I meant is that what the price this month will end with. Because bitcoin increased above $60000 today does not mean it is not going to fall back. Using the 15 minute candles, it seems $60300 may be a support, but you know indicator analyses can be broken. Bitcoin is at $60300 right now, what if it falls back below $60000.

Bitcoin has a very nice way of surprising us and that is why it's the best in the crypto world especially when we feel the market will keep dropping you'd wake up one morning and see a different and positive amount. As of yesterday when I made a post here Bitcoin price was $60k but now we are seeing a different figure $61,900k which means is never over, Bitcoin price has a chance of getting back to $80k before the end of this month.

[dwyane36]

You can see what happened when bitcoin fall below $60000, you can see how the whales are defending it back up above $60000. I know that bitcoin can fall further below $60000 but can it fall below $50000? That is what I think may not happen. I also think that there is still bear market, I can remember that some months will start good like this but end in the bear side.

If bitcoin can fall 5% in a day, I do not see it as a volatile asset like some other coins that can increase 200% in a day and decrease more than 50% within hours. Another thing is that the coins do not have bearing, they have to just be avoided.

Given that the bears have been persistently testing the $60k level over the past few months, I wouldn’t rule out the possibility that they will continue the downward movement, including a drop to $50k and possibly even lower. The bearish trend is definitely not over, and personally, I expect the bears will likely start applying even more pressure soon.

[justdimin]

I'm already bearish this month; not a good start of the month because we closed below $60,000 (monthly candle)
It's just sad since I am already positioned, but it's fine if I am planning for long term, I may add more if ever we will drop to $50,000.
Right now, I believe this will be long winter market for Bitcoin.

A lot of people saw the drop, near to 60k levels and purchased and thought that would be the end of it. Not a bad move, sure it will go down even more, and it will be crashing hard, but that doesn't mean that entry at 60k is bad, we can make it work a lot better if we know what we are dealing with. I know that it's tough and I know that it takes time but we can make it work.

The best case we have right now would be that we are going to see Bitcoin recover eventually, and when it does, 60k will be a good place, because when you see it reach 200k, you will be happy that you bought it at 60k.

[free-bit.co.in]

Bitcoin has a very nice way of surprising us and that is why it's the best in the crypto world especially when we feel the market will keep dropping you'd wake up one morning and see a different and positive amount. As of yesterday when I made a post here Bitcoin price was $60k but now we are seeing a different figure $61,900k which means is never over, Bitcoin price has a chance of getting back to $80k before the end of this month.

Anything can happen, but given what has happened and is happening, the chances of Bitcoin continuing to fall are higher than the chances of it reaching $80k this month.

The price gap between $60k and $80k is over 33%,  which is not a small increase under current market condition.

Bitcoin often surprises us because most of us make prediction based on what we hope will happen rather than on what the market is actually showing. Just like now, the market is clearly not in good shape, yet many people refuse to accept that and continue to believe it will go up.

[FinneysTrueVision]

After the disappointment that was last month, I think we are going to see some relief for a few weeks. The bear market might not be over yet, but buying Bitcoin when it goes below $60k is almost a no-brainer.

I also think the Iran conflict is having less of an impact now than it did in the beginning. Oil prices have come down and that can start a flywheel where inflation slows down and interest rates get lowered. Only time will tell, but shorter term the economy is seeing enough improvement, which I feel will benefit crypto markets.