BTC Sentiment Poll for July

[Orpichukwu]

I’m far from being bullish this month, although Bitcoin has surpassed the $61,800 value that you talked about, but I’m not seeing it reaching $67k this month. Well, anything is possible, but I’m expecting it to just regulate within the $65k level, just as I just predicted in another thread today.

Is another beginning of a new month and of course the sentiments has began just as usual, personally am bullish to say Bitcoin might get to $70k somewhere before the end of this month, I know anything can be possible including the possibility of the $70k level or even more, I have good anticipation of positive things happening around this month including Bitcoin going up than down and my $70k prediction seem very much to be realistic to me this month but let's see how it goes.

Anything, indeed, is possible, but I still prefer to play safe by expecting low from the price than putting my hope high and getting a little disappointed at the end of the day. Let's just use this thread to watch the market, how it moves this month, and anyhow it later ends, we will still accept it in good faith. The price has already done a 1.8% increase in the last 24 hours, but I doubt if it can keep up with that move.

[STT]

85k is ambitious, within this month I don't think so but never doubt BTC can move that much given legs to do so.   Right now I'd label the movement as more balance and stabilize or recovery before it can gain properly after this process.
    We do have a trend up right now but also momentum from negative averages declining, this is what makes me think we have to meet this potential overhang of prior buyers who now want to sell into the price movement back upwards.

   Never underestimate the number of people who buy and within a short while then want to sell especially if they had 'lost' like 10% of their buy price, its too scary for many who might have moved from boring areas such as conventional savings.  This is white water movement and BTC will do this normally but quite a few don't like the turbulence so we'll have sellers along the path upwards.

The strongest gains are when we got all our ducks in a row ready to shoot   We don't have that, we got a decline on the 50 day average and the 200 day average so bare basics we are in some disarray and once we unmuddied the mess made we are clear to proceed with good gains.  I'm going to be surprised if we shoot upwards, always possible but not expecting this at this moment in the process.

[bbc.reporter]

I am very wishfully hopeful that bitcoin will pump if we are talking only about this month. However, on August and September we cannot be certain. I am beginning to speculate that the AI bubble is start the bubble pop already. This will certainly also cause bitcoin and the cryptospace to have another big short occurrence.

There are also other speculation on social media that Michael Sellor is beginning to moving bitcoin again and begin another dump.

If I remember correctly, we were already discussing the AI bubble last year, and so far there has been no sign of it bursting.
As for Strategy, although the company has outlined a plan to sell a portion of its Bitcoin if its financial situation continues to deteriorate, this is only a contingency plan and not a final decision.

I also believe in the 4 year cycle of the market and believe that Bitcoin has not yet bottomed out. However, it is difficult to know what will cause the market to reach its bottom or what event will trigger the next major decline.

Are you implying that the AI bubble will not have a bubble pop occurrence? That will be headshaking if you have this assumption heheheh. Do you also remember that on July of last year, I began a thread on the bitcoin bubble pop that will be caused by these digital asset treasuries? Yes, the smaller digital asset treasuries have dumped bitcoin and presently we have Michael Sellor transforming his digital asset treasury into a bitcoin-dollar fund beginning with a loss of more than $12 billion heheheh.

Yes, the AI bubble will pop. This might not occur this year, however, when this occurs, we can be certain that this will also cause a dump in bitcoin and the cryptospace.

[cyberninja2]

Anything, indeed, is possible, but I still prefer to play safe by expecting low from the price than putting my hope high and getting a little disappointed at the end of the day. Let's just use this thread to watch the market, how it moves this month, and anyhow it later ends, we will still accept it in good faith. The price has already done a 1.8% increase in the last 24 hours, but I doubt if it can keep up with that move.

The thing that needs to be done is right as my friend mentioned because if you hope too much of course you will feel disappointed if it doesn't happen as expected so that in the end you will be disappointed with what we do which is too high to set a target but the target doesn't match what we want because basically the price that occurs in the market is always different so it's more towards the usual direction but full of certainty about what we bet on with what will happen in the market and this doesn't mean you can't do it with an aggressive nature but because the market sometimes doesn't allow what we set except when we set a target but the results are only balanced enough as long as it doesn't decrease too much which makes us far from achieving what we are according to or target.

[AprilioMP]

July has the potential to be better than June, which was too difficult to find a better point for those hoping for a price above $60,000.
Statistics recorded in Bitcoin's monthly return data on Coinglass show that July has achieved a good percentage in the green for two consecutive years.

After the ATH was reached and the Bitcoin price market experienced a decline and was difficult to maintain at a certain level, I personally didn't pay much attention to emotional sentiment because, for me, from then until now, it was the moment to try to adopt Bitcoin as a holding in anticipation of the next ATH.

[abaeze]

As long as the current trend is not seen as a permanent uptrend, there is a risk of a further downtrend. If a few red candles are seen in July and August after June, then the possibility of a further downtrend cannot be ruled out. However, there is currently some upward movement or relief rally in the short term, but it would not be right to say that the trend has changed based on that alone. Until the downtrend structure is clearly broken, in my view the market is still bearish, no matter how much the price may temporarily increase.

However, of course, if there is a big whale, regulatory decision or strong institutional demand, the market direction can change quickly. So I am not 100% sure, considering the new charts and trends this week, my analysis now says that the price is on the uptrend and the old resistance has become the new support.

[dwyane36]

As long as the current trend is not seen as a permanent uptrend, there is a risk of a further downtrend. If a few red candles are seen in July and August after June, then the possibility of a further downtrend cannot be ruled out. However, there is currently some upward movement or relief rally in the short term, but it would not be right to say that the trend has changed based on that alone. Until the downtrend structure is clearly broken, in my view the market is still bearish, no matter how much the price may temporarily increase.

However, of course, if there is a big whale, regulatory decision or strong institutional demand, the market direction can change quickly. So I am not 100% sure, considering the new charts and trends this week, my analysis now says that the price is on the uptrend and the old resistance has become the new support.

We’ll likely only be able to say that the long-term bearish trend has ended once the BTC price decisively breaks through the downward trend line and consolidates above $67-70k on strong volume. Until that happens, however, all upward movements, including the current one, are nothing more than corrections. So yes, there is reason to believe that the BTC price could fall even lower, since the bears aren’t giving up just yet.

[Bitcoin_people]

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.

https://i.postimg.cc/SKpbt0NP/july-poll.jpg

In July, we can already see the price of Bitcoin above $60k. The market seems to be somewhat stable this month, but we think that the market may have the possibility of falling below $60k. If the market sees a green candle, then it is certain that the market will enter near $70k again. And if the Bitcoin market sees a red candle this month, then it may continue to move below $60k again. However, between the two months of July and August, I think that the Bitcoin market is more likely to move beyond $70k in August than in July. Since there has been a lot of decline in June and it is likely to stabilize somewhat in July, then the market is likely to give some positive signals.

[Nathrixxx]

We are already on bullish trend and the market is likely to make it over $66,000 if there is no resistance at $63,000 this new week we are going in to, I don't think we are going to have any downtrend for now and there is more strong support in $60, 000 compared to previous month that we have more dip as the market plummet, let's see how this new week is going to present the market before we could continue this population on whether we are going more bullish towards something close to $70,000 or we are going to remain at $60,000 to $62,000 for now.

[Out of mind]

Bitcoin is looking a bit better this month compared to last month and the situation is likely to be positive. We have already noticed that the Bitcoin market experienced a lot of decline towards the end of June where the market touched $57k. However, in the beginning of July, the Bitcoin market changed a bit and it started to move upwards and is currently in the $62k range. Accordingly, if we continue to move towards July and August, the market may cross $70k and enter near $80k. I think July and August may not see red lights in Bitcoin but green lights may be found here, and the market will increase in comparison to the way it is moving currently.

[Akbarkoe]

Bitcoin is back above $60k that is a good breath and this is a form of expression that the support in the area of $58 - $60k is still very strong, I previously thought that we might get more disasters in July, but the market reacted differently at the beginning of the month, but the question is whether we will be back bullish and can continue to rise at least back to $70k?  I don't think so, we might just go sideways at that price level or the probability is lower to $55-$50 if we can't break the resistance optimistically.

[free-bit.co.in]

We’ll likely only be able to say that the long-term bearish trend has ended once the BTC price decisively breaks through the downward trend line and consolidates above $67-70k on strong volume. Until that happens, however, all upward movements, including the current one, are nothing more than corrections. So yes, there is reason to believe that the BTC price could fall even lower, since the bears aren’t giving up just yet.

For a volatile and unpredictable market like Bitcoin, it is difficult to know exactly when the bear market has truly come to an end. Before this, Bitcoin had even recovered above $80k, along with positive news such as continuous capital inflows into ETF leading many to believe that the downtrend had ended. But after that, price kept correcting hard and printed a new low.

So we should be even more cautious with rallies like this instead of becoming complacent and assuming the long term downtrend is over just because Bitcoin hit a price level we expected.

[danherbias07]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

[coinrifft]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

Why not? however, we still don't know if $60k could be the bottom, not just for this year, but this bear market. Many things can still happen in the future for us, so I wouldn't shut the door that we might see lower lows.

I know that in our country our economy is bad because of corruption. But I still going to continue to invest regardless though. This could be the only way out for us not to be the victim of politics in our country. We need to find ways to stay away and just be positive and one way is to invest in Bitcoin.

[M47AK16]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

Why not? however, we still don't know if $60k could be the bottom, not just for this year, but this bear market. Many things can still happen in the future for us, so I wouldn't shut the door that we might see lower lows.

I know that in our country our economy is bad because of corruption. But I still going to continue to invest regardless though. This could be the only way out for us not to be the victim of politics in our country. We need to find ways to stay away and just be positive and one way is to invest in Bitcoin.

I do hope that we do better, and of course it is not really that easy and we should be considering how this could be a problem as well. We need to arrange a situation where it is not going to be easy, and we are going to face a ton of problems as well.

I understand it may not be that easy to handle, and yes it is going to take some time, but if we can do this, then we are going to build something that will take some time. I get that it may not be easy to handle all of this, but if you can do something that is fun to do then it is going to be very entertaining. So for the time being, I think 60k is the bottom for now, but it will definitely go down more and buying at that bottom will make you rich when the price goes up.

[fuguebtc]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

I want to say that just because we hope and believe the  market will go up does not mean it will move the way we expect.  The market moves on its own terms, not according to anyone's hopes or expectations.

Therefore, until there are clear signs confirming that the bull market has returned, I think we should still maintain a cautious stance and not rule out the possibility of Bitcoin continuing to fall and reaching new low


However, Bitcoin is down more than 50%, and I agree that this is an attractive time to accumulate Bitcoin gradually.

[Awaklara]

Therefore, until there are clear signs confirming that the bull market has returned, I think we should still maintain a cautious stance and not rule out the possibility of Bitcoin continuing to fall and reaching new low

Bitcoin's price movement at $62k right now doesn't confirm the arrival of a bullish market. Even before, we already reached above $80k, which eventually led us to drop below $60k. Those who have accumulated more below $60k should be able to stay calmer, or try planning their next purchase for the current price. July might not see much price change, but I hope the movement can still be positive.

[Agbe]

Since the month of June was for the bear, I want to believe that this month will be for the bull,

Bitcoin price movement is not Monthly but it has a cycle of four years and the 11 Month of the third year, the price increases therefore since this is the third year of the current cycle, probably from the Month of November 2026, the market will start the indication of the bull market and not Monthly as you said. So I still predict that, from now till October this year we will still experiencing bear market until we enter November then we will experience bull market.

[tokeweed]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

Yup and that's just from the guys that voted.  What it really means could be there are a lot more guys here who are still holding BTC and hoping for a pump.  Nothing wrong with it imho.  That just how markets are.  Some guys got lucky and sold at the top, some guys have sold after the top happened and there are some people who continue to hold no matter what.

The thing I find funny is, there people who see to get mad if other people sell their coins.  Lol.  I mean who are the couple of guys who voted that they have sold?    You better hide from the 13 guys who are waiting for a pump.

[Dave1]

Oh, 13 votes for "some hope to pump". I am one of them.

I really believe that 60k should be the bottom for this year, and the pump should happen really soon. It's cheaper now, and I think it will be inviting to new investors to make Bitcoin their choice. I would if I had the money, but there's a bad economy in our country right now, so investing is not really an option for now.
Still, with this kind of price, it could be interesting for others who have the money, and probably a good entry point for those who sold their Bitcoins back when they were at a high price.

Yup and that's just from the guys that voted.  What it really means could be there are a lot more guys here who are still holding BTC and hoping for a pump.  Nothing wrong with it imho.  That just how markets are.  Some guys got lucky and sold at the top, some guys have sold after the top happened and there are some people who continue to hold no matter what.

And it's no secret, you can do that anytime, but there are guys that are good in timing the market, so they sold at close to the top to maximize their profits, rinse and repeat. But there could be some guys who are trap and just decided not to sell and just continue to accumulate this bear markeet.

Hold till the next bull run, and with their experienced from the previous run, they might make it this time to sell at the top to make al ot of money. But for sure, even if we knew that we are still in the bear market, we still wanted to see some pump along the way.