BTC Sentiment Poll for July - page 3.

Oasisman

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Quote from: bbc.reporter on July 02, 2023, 09:24:00 PM

Similar to my vote last month, my vote this month is again yes the pump will continue hehehe. It might also be good to mention the rumor in this thread that our uncle Gary is resigning from the SEC. The source of this information is an anonymous official in the SEC, according to sauces.

Gensler is presently the enemy boss of the cryptospace. If this enemy leaves, I am quite certain the happy CZ will consider it a victory and pump bitcoin to $40k.

As much as we all want this to happen, but I guess this rumor has just been dismissed?
I just read this article earlier https://www.bsc.news/post/sec-dismisses-rumors-of-chairman-gary-genslers-resignation#:~:text=In%20a%20swift%20response%20to,Eleanor%20Terrett%20on%20July%203. since we all really want him to step down asap. There were even rumors that the next chief who's supposed to be replacing him is a total opposite.
Though, I think Gensler's response per the article doesn't solidify anything regarding the rumor IMO, there are still a possibility for that to happen since the rumor was brought to the public, there must be a little truth behind it LOLOL!

pakhitheboss

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Reaching 37k is asking too much from the month of July. It might happen in the next 90 days if more positive news come out. One thing I am certain that the price of Bitcoin would continue to hover around the 30k price point. It will not go below this price point it as it was in the month of June. Most probably by next month we might see the price breaching the 31k barrier.

jasonjm

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It seems that Bitcoin will gain further in the month of July, and the majority of the sentiments are positive. However, reaching 37K is far-fetched. I think the price might touch 35k this month and then experience a slight correction before gaining momentum again.

dezoel

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Well, according to what I read an statistic based article on cointelegraph, Bitcoin has never lost more than 10% in July, so that basically is a positive sign for the month, but if we see the market at the moment, Bitcoin's price has been stable between $30k and $31k for more than a week already, spectators are confused as to where it will be headed next because it is neither showing positive nor negative movement, investors are all waiting for it to make a move but it's too stable.

If July is considered to be the month that is usually positive for Bitcoin or the cryptocurrency market in general, it should start going up soon, but the month has already started and we still don't see any movement at all, maybe we should wait and see what happens after the first week of the month.

GeorgeJohn

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Nobody can predict exactly the movement of bitcoin in it market, what I know that is hoping in bitcoin is that the price always go up when the demands is higher than the demand and its very obvious that the price of bitcoin can accelerate which I know quite well that bitcoin is one of the things Nobody can predict accurately of its acceleration in price, this July we might notice different increase in bitcoin due the month demands of bitcoin

Adbitco

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From the poll I voted for sideways, from what I saw there is less buying pressure for few weeks now which has made it maintained same position for about 1 week now, but lets still watch it closely as I have this strong feeling that we are just heading to the day 4 of July. There may be a possibility of bitcoin price to position itself at $35k within or before the month of July runs out so we are hopeful and being Optimistic about the month of July to bring positive trend to entire cryptocurrency market.

_BlackStar

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Quote from: dragonvslinux on July 03, 2023, 10:53:52 AM

The question is really whether there will still be sellers around $30K and $40K who are getting out of losing positions or break even from the past 1-2 years, which has been the trend for the past year and looks set to continue further.

It's always possible to take them out to recover their losses - but if they have any reasonable logic then they should be able to hold onto assets longer until they get a return. Even if they do sell - I don't think the market will have much of an impact, that's a possibility.

Quote from: dragonvslinux on July 03, 2023, 10:53:52 AM

I'm not convinced there will be that much profit taking around these levels from buyers between $20K and $30K, as to me this looks like clear long-term accumulation volume.

If it were me - obviously I don't intend to sell and profit at those levels. Prices will be higher - but we're just more patient waiting while accumulating.

yhiaali3

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The general trend is bullish, but I doubt that we will reach 37K$ this month, we may see 35K$ at the latest during this month.

I voted for the sideways movement because the market situation in general fluctuates strongly between negative and positive, so I expect that we will see a sideways movement that may be prolonged until the price can cross this point.

But in general, I am optimistic about the bullish trend coming strongly, not necessarily during this month, but during the coming months until the end of the year.

dragonvslinux

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I'm bullish for this month after last month closed back above the 20 Month MA for the first time since March 2022, but not sure about reaching $37K that quickly given the current pace of the rally so far this year. I think there may be more consolidation ahead in the coming months between $30K and around $40K as bearish longer-term moving averages flatten out that are still declining, and cross-over bullish again.

The question is really whether there will still be sellers around $30K and $40K who are getting out of losing positions or break even from the past 1-2 years, which has been the trend for the past year and looks set to continue further. I'm not convinced there will be that much profit taking around these levels from buyers between $20K and $30K, as to me this looks like clear long-term accumulation volume.

For reference sake the average price from the past 2 years is around $32.7K and while it's beginning to flatten out, it still has further to decline based on the current prices. Above this level is where some investors may reduce some risk for those who feel over-exposed. Although this wasn't the case in 2019, it does so far after 6 months look like 2023 is a much more conservative recovery at least so far.

tokeweed

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Quote from: JoyMarsha on July 01, 2023, 05:16:04 PM

A lot can happen in July, therefore it's difficult for us to predict if the price of bitcoin will rise above $37,000 as predicted or fall below the current price of $30k+.

We shouldn't have assumed that the price of bitcoin would surge this month without first considering what kind of positive or bad news would be reported that would cause the price to soar or decline.

Whether Bitcoin's price will increase from $30k to $37k or decline below the stated amount by the end of July. Even yet, the only price I can see for July being is below $35k.

Mmmmm... Not really that hard to vote and just tell everybody what you think if you're just having fun with it. We're not trying to get the right answer here. It's more like how you guys feel the market will be by the end of July. It's the sentiment that matters.

But judging from how you feel, I think you're leaning towards sideways. Which is fine really.

Anyway... Seems like there's lots more voting for yes this month. Wink

Good luck to your trades.

GreatArkansas

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$37,000 is very possible this month, but I am still expecting to revisit the $25,000 level first before that number.
That's why I'm very paying close to the move of Bitcoin right now because that $37,000 is very easy once we reach $35,000. I agree with the momentum we have now but I am still expecting some price correction.

bbc.reporter

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Similar to my vote last month, my vote this month is again yes the pump will continue hehehe. It might also be good to mention the rumor in this thread that our uncle Gary is resigning from the SEC. The source of this information is an anonymous official in the SEC, according to sauces.

Gensler is presently the enemy boss of the cryptospace. If this enemy leaves, I am quite certain the happy CZ will consider it a victory and pump bitcoin to $40k.

Unbunplease

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Personally, I'm inclined to think that we are in for a sideways movement in the 26,000-33,000 range. Analyzing past years, you can notice that usually the end of July comes out strong, and the beginning of July - there is always a swing. You shouldn't expect a continuous flight up or down. Things will be relatively calm - and there will be swings at the Fed meeting, as always.

Mate2237

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The chart is not showing the months and it is only showing the years, so that became a problem to understand the chart because I am not good in chart analysis. But even at that I will still vote for September and October because last year, the indication of rising up started from the month of September and October, and it was on that level until in the new year of 2023 and the price goes up from January.
But this year might be different, because in the month not June, the price was not too bad and the early part of July is also good so let see how it will go in this month of July.

_BlackStar

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Quote from: AmoreJaz on July 01, 2023, 04:56:09 PM

Quote from: _BlackStar on July 01, 2023, 04:51:45 PM

-snip-

it may not be 37k but the likelihood of getting 35k is high. if we reach the 31k mark, it can easily go up. but we need rock solid positive news to break such level. in case a negative one comes up, it may go down a lil bit.
but as of now, people are being optimistic as it has been months waiting to reach this level again.

In fact, the bitcoin price hasn't touched $32k yet - so that's a resistance level to consider. The harder it is for the price to break through that level - then perhaps a correction will follow. I can't remember exactly how many times bitcoin has tried to break the $32k resistance in the last month - but all failed as the June high was $31,430.

It may be true that - we include a consolidation moment for bitcoin after the bull run since mid-June. Even if there is a correction - then that is normal, so prepare yourself for all the risks. Oh wait - if you want to be a long-term holder, then of course you shouldn't be affected by anything.

ajiz138

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Vote - yes

I saw that at the end of last month, the support was quite strong and it looks like for resistance to the next maybe it will be reached soon after Bitcoin tries to stay at the price of $30K and that is strong support this is just as a prediction maybe it's just the data on Twitter this in July will still be in the high of over $30K.

Maybe in the future, there will be some other sentiments, but I think the price will still hold, even if the price drops below it means the support is no longer strong.

imamusma

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Quote from: LogitechMouse on July 02, 2023, 09:53:16 AM

Well, it's good to see Bitcoin going up last month. Now the question is will it sustain this month, or we might see dramas in the internet that might've cause it's price to plummet again.

It's always hard to find the right answer, you know that. Apart from that, I think it is still difficult to avoid trader panic because of some drama that is widespread on the internet and usually prices can fluctuate quickly to break support. Currently $29k is support which has held fairly well through June, but we have yet to get bitcoin to break through the $32k resistance which has still failed on several attempts.

Quote from: LogitechMouse on July 02, 2023, 09:53:16 AM

I don't know because I'm not updated with this one, but the Binance-SEC drama has ended already?

The drama isn't over yet, but something else has changed the outlook of traders and investors so that the price could break $31k in June. There has been a lot of money flowing into the market and that has made the price move up, but I believe the price will probably correct in July to test new support.

LogitechMouse

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Quote

Will BTC's momentum continue in July and touch 37k?

TBH, I voted for Yes on this one, but I have doubts that it will happen.

I mean the reason why Bitcoin is above $30,000 right now is the filing of Blackrock of a Bitcoin ETF. Now the SEC is on the verge of denying it for some reasons. I saw it online that they might deny it like other Bitcoin ETF's in the past. On the other hand, if this ETF will get accepted, $37,000 is very low price I guess because we might see Bitcoin's price go to as high as $40,000 this year. That's more than half of it's previous ATH of ~$70,000.

Well, it's good to see Bitcoin going up last month. Now the question is will it sustain this month, or we might see dramas in the internet that might've cause it's price to plummet again. I don't know because I'm not updated with this one, but the Binance-SEC drama has ended already? I asked it because that might affect the price of Bitcoin either positive or negative. Well, OP said that the month of July has been the 2nd best performing month in the last 5 years, and it has been the best performing since 2009, so there's a high chance that we might see Bitcoin's price go up just because of it's price history, but of course we might see it go below as well.

Coin_trader

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Quote from: tokeweed on July 01, 2023, 10:20:27 AM

Here's BTC's monthly chart. It's looking good. Up 11.99% for June. Basing it on pure optics, it looks like it's going up some more. And I feel like more people will vote 'yes' in this month's poll.

The price chart already shows us pattern of Bitcoin movement. It need something that double down or double top to make a strong move on a certain direction. The current price pattern don't have that pattern to create a strong run upside so I think the price will slowly correct on the following months until the previous cycle bottom was reached and then this time will be a very strong bull run that can break the previous ATH.

I'm more on sideways or slow correction as a preparation for the mega bullrun next year due to halving.

Wind_FURY

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I voted for Yup, not because I have a bull-bias, but because it's hard to debate against the data presented in the Twitter link posted by OP.

Plus Bitcoin has already gone through its most difficult challenges of the current bear cycle and it has come out of it completely unharmed, AGAIN. It's probably time for more "UP", no? Cool

Topic: BTC Sentiment Poll for July - page 3. (Read 562 times)