BTC Sentiment Poll for July

[tokeweed]

Ok folks...  Here we are.  Not above 70k, but below 60k.    For this month's poll try to think about what if we got a couple more red candles after July for August and September.  Where do you guys think BTC will end up?

...  And more importantly for the purpose of this month's poll, how does that make you feel?

Chart below.

[Nathrixxx]

Since the month of June was for the bear, I want to believe that this month will be for the bull, but this does not justify that we are already exiting the bear market or season, bitcoin could definitely revolve around a market price of $60,000 to $65,000 this month of July.

We have to be more speculative about the performance because there will be much of rising and falling as well in compliance, I don't think we are going to have much of bear this month, and that is why I always predicted that we should not often consider the start of the month, but also making use of all the indicators we have from the market speculations we are doing to know where the market is really heading, also where we have to make use of the candles to know some of these directions, that the market is at $58,000 this month does not mean we are not going bullish and make a support at $60,000 anytime soon.

[348Judah]

If you speculate the market from a daily or weekly candle view, you are going to discover that it is possible not to behold the market below $58,000 and if worst could happen, then we should expect it at $55,000 and this is just to create more entry opportunity for those that are interested to buy now as the season is more beautiful for an investment, this month of July could be as volatile as any other because there will be much of market rising and falling all together, I don't think we can make it to $70,000, but there is much possibility of getting more than $65,000 in this month.

[BitMaxz]

I'm actually hoping that it could pump, but the problem is the momentum is still bearish, meaning there's a high probability that the price would still go much further this month.  

We might see some slight retracement, or the price might pump slightly, but we can't change the fact that we are still bearish until the downtrend breaks.
However, sometimes if there's big news that can highly impact Bitcoin, then maybe the price direction might change. For now, I'm not 100% sure, but my analysis still tells me it's still strong bearish momentum.

[Y3shot]

I have been observing the market; when the price drops, it is not recovering to the price it fell from. For instance, if the Bitcoin price was $65 and it falls to $58, it is not going back to $65 so soon; it struggles to reach $60, and it may still even dip again. The price of Bitcoin has gone back to around $60, and I think it may still drop again.

For this month, I think the Bitcoin price will be between $58 and $68. This is just my speculation and opinion based on how the movement of Bitcoin has been. If the price of Bitcoin falls more than it is right now, I won't be surprised; I expect Bitcoin to dip more this year. The dip should be a reason to buy more Bitcoin.

[Moreno233]

The sell pressure is strong and I know many people will be tilted towards continuation of the decline but a careful look that the charts reveals that Bitcoin just too so good liquidity today which requires that we see some nice rallies as already shown by price. The only challenge is that we may not know how long that will last and if it will be enough to engineer a prolong bull market. From high timeframe perspective, we are still in the bear dominated market but I expect some huge corrections this month.

[Zaguru12]

We might see some slight retracement, or the price might pump slightly, but we can't change the fact that we are still bearish until the downtrend breaks.
However, sometimes if there's big news that can highly impact Bitcoin, then maybe the price direction might change. For now, I'm not 100% sure, but my analysis still tells me it's still strong bearish momentum.

The second quarter which was predicted to be bearish is finally over, third quarter is beginning and my prediction is more of this quarter will be actually more of a consolidation period than any one of the trend, the ranging period will be between $60k to $80k. Before a major bullish trend in the last quarter.

Technically I was also expecting a pump up but the bears are strongly still in command of the market, a mere looking at exchanges order book will show that. I was also expecting the market to change trend when it swept the liquidity at $58,030 and even went down to $57,755 but the market actually did a retracement and then still continue in bearish sentiment, although this month has started in a bullish momentum we will wait to see what happens next.

[Odohu]

If Bitcoin breaks the key level of $61,877 then the price will go as high as $67,325 and higher before we expect any decline. This may take the entire month to complete because price does not just move in one direction but violating the first target might happen very soon. Hence, I'm more bullish this month than ever although that does not mean that the bear run is over because the market is still generally bearish.

[sergiorus]

We just closed 3rd quarterly red candle in a row.

Historically speaking, that hasn't happened many times and almost always it marked the bottom.

Additional context is, of course, important too but now everything hints that even if we have a painful chop around these levels for a while, we shouldn't go lower.

Imho a rapid tap of ~$55k area is possible but not beyond that.

[Majestic-milf]

If Bitcoin breaks the key level of $61,877 then the price will go as high as $67,325 and higher before we expect any decline. This may take the entire month to complete because price does not just move in one direction but violating the first target might happen very soon. Hence, I'm more bullish this month than ever although that does not mean that the bear run is over because the market is still generally bearish.

I've been optimistic for sometime now but with big hands dropping their coins, I'm feeling we might not see a break from $61k for sometime, maybe if there's a chance it goes up, it won't exceed the $63-64k zone.

[Charles-Tim]

I've been optimistic for sometime now but with big hands dropping their coins, I'm feeling we might not see a break from $61k for sometime, maybe if there's a chance it goes up, it won't exceed the $63-64k zone.

This is if bitcoin is really going to go above $60000. $61000 will be a huge resistance as it was unable to go above it when it later fell to $58000. Bitcoin has risen above $60000 again, but investors are not having confidence for now because they have already known that there is bear market and that it may last longer. Only what I see now is that bitcoin may find it hard to go above $60000.

Bitcoin makes me feel like it is time for more people to see the price low for themselves to buy. More fall means another big opportunity in the next bull market.

[Marykeller]

This July, the red candle continues. I feel like this month will offer us more buying opportunities to accumulate Bitcoin. I expect Bitcoin to fluctuate not above $65k till the end of this month.

August and September, we might get to have Bitcoin come up above $65k+ signal confidence in the market to anticipate Bitcoin to reach $100k before the year's end.

[Odusko]

With multiple speculation from market experts of a possible bear price for Bitcoin even before the second quarter started when we have Bitcoin above $70k, we expected the price to fall below 50k some where projecting $40k as the nearest minimum that Bitcoin will fall back to before any recovering, but as it is, Bitcoin mentained $58k-60k minimum and resistance price, believe you me a lot of people are taking advantage to buy more Bitcoin hoping that the price will move up from here and we could recover back to at least $70k to $75k price.

[avp2306]

Looks like July will be tough for market and it seems that we don't know if we will see some price recovery or it will continue to decline more.

But I'm looking forward to see Bitcoin will hit back at $65k, since if that happen maybe we could get more healthier month compare on past months.

There's speculation about price will dump at below $50k and I do hope we won't see that one because this will be so stressful for lots of people.

[ultrloa]

Ok folks...  Here we are.  Not above 70k, but below 60k.    For this month's poll try to think about what if we got a couple more red candles after July for August and September.  Where do you guys think BTC will end up?

...  And more importantly for the purpose of this month's poll, how does that make you feel?

Chart below.

It seems that there's no good news to look up to and seems the market will see market to remain at current rate. But I'm still thinking positive things that price recovery will going to happen soon, since we already hit a deep decline on Bitcoin price. Although hard to speculate that we will go above $70k but this is what I want to see how the market moves, this will provably shift the sentiments and if that price reach maybe many people will think that recovery time will start to happen.

Right now feel neutral since as always bearish condition is normal and part of cycle of Bitcoin.

[cryptomaniac_xxx]

I voted for Some anxiety. I know that we are in the bearish cycle, so the price is going down as expected. But we don't know what will be the lowest price for this cycle. There are speculations that it could be at least $50k, but then there is that capitulation of $40k.

So it's a mix feeling for the market. The overall sentiments could be fear as well. And this month could be very critical because if the price didn't hold to $60k and continue to go down, then I'm seeing that there will be more dumping and continue till the end of the year. It might be slow though, but still for investors even old times could be very anxious of the current market situation.

[Popkon6]

The price of Bitcoin will definitely show some signs of improvement this July, it was below $59K at the end of June. However, in this July, the price of Bitcoin entered above $60K, that is, $61K.
We have come out of the selling pressure of Bitcoin, now the price of Bitcoin will definitely improve gradually and by the end of this July, the price of Bitcoin will definitely enter $70K.

[philipma1957]

I feel confident that we go over 85k.

And your poll does not allow a vote like that so I did not vote.

[Wash Skin]

The price of Bitcoin will start to improve somewhat from this July, which we have understood after spending the first day of July. The price of Bitcoin will touch over 80k dollars by the end of this July, because now a lot of investors are buying Bitcoin and holding it for a long time.
So in this situation, the price of Bitcoin will definitely improve, so this is the best opportunity to buy Bitcoin.

[EarnOnVictor]

This month, I wouldn't waste my time to do some extensive analysis. All I would focus on is the simple price action happening in July. If it could sustain a perceived reversal, fine, but if not, I  would continue to focus on the downside for more lower prices to be touched.

My focus now is on the last month's low of $58,000, and I wouldn't bother disturbing myself about the fastly created low at about $57,700 this month. A sustainable trade break and hold below $58,000 spells danger for Bitcoin.