Topic: BTC Sentiment Poll for July - page 2. (Read 969 times)
I believe that instead of panic during the DIP below $60,000 and treating at as something negative, perhaps we should embrace the DIP and every DIP should be taken as something positive. The biggest DIPs might probably be losing everything for "traders" who use leverage, but for mere plebs like us it should be an opportunity to buy more units in Bitcoin with a discount AND HODL.
And I would take sideways as what we are seeing right now, than a bearish trend. Obviously though there are some news about the German government dumping their Bitcoin, but I think that effect is not that bad as what others have portrayed and they are just creating FUD.
Yeah, for sure others who have seen halving already shouldn't worry that after a month or two, there is no movement. But remember that we are still very far from the end of the year, I'm expecting huge movement in the last quarter so we should not worry and panic at all.
I agree that dumping is mostly FUD and not a real threat, you know why? The reality is that they are not going to sell it on market price and dump it all, they will look for someone who is willing to buy it all whole sale, so they can make most of it.Yeah, for sure others who have seen halving already shouldn't worry that after a month or two, there is no movement. But remember that we are still very far from the end of the year, I'm expecting huge movement in the last quarter so we should not worry and panic at all.
Selling all of that 50k all at once on a market, like lets say binance, would mean that they would lose a lot, instead they could sell it for 5-10% discounted price and sell it all. When they do that, they are not really dropping the price, since it's over the counter trade, that will not impact the price at all, which means that all of these people who are selling right now because they fear that situation, are making a mistake and they have no idea how any of this works.
Obviously there will be people who will seek for the furthest edges that they can make people believe. So, this person couldn't say 300$ for example, nobody would find that realistic, so what would be the lowest realistic number that you can think at the bottom?
For this person it was 38k, for most of us that is not even possible and too low, but at least it is not unrealistic. Whereas some other person may come up and say that they think we will be 100k soon in a few months, not 500k, just 100k, still very unlikely for that to happen within a few months, but at least a realistic number. These type of look for the highest sides considering the situation we are in and we should be considering how to make that work as much as we can. I believe it will be something in between.
For this person it was 38k, for most of us that is not even possible and too low, but at least it is not unrealistic. Whereas some other person may come up and say that they think we will be 100k soon in a few months, not 500k, just 100k, still very unlikely for that to happen within a few months, but at least a realistic number. These type of look for the highest sides considering the situation we are in and we should be considering how to make that work as much as we can. I believe it will be something in between.
Being bearish is one thing, expecting weird and massive crashes is another thing. Some people are going too far with their crash predictions here 
In any case I still think the potential is there for a big rally and we are in post halving days where the supply is cut by half which reduces the sell pressure on the market making it easier to rise.
But at the same time we have the world economy that is in pretty bad shape with the deepening recession and the sticky inflation. So that is scaring the money away specially since the high interest rates is absorbing part of it.
Sideways is more possible than either bull or bear market.
In any case I still think the potential is there for a big rally and we are in post halving days where the supply is cut by half which reduces the sell pressure on the market making it easier to rise.
But at the same time we have the world economy that is in pretty bad shape with the deepening recession and the sticky inflation. So that is scaring the money away specially since the high interest rates is absorbing part of it.
Sideways is more possible than either bull or bear market.
And I would take sideways as what we are seeing right now, than a bearish trend. Obviously though there are some news about the German government dumping their Bitcoin, but I think that effect is not that bad as what others have portrayed and they are just creating FUD.
Yeah, for sure others who have seen halving already shouldn't worry that after a month or two, there is no movement. But remember that we are still very far from the end of the year, I'm expecting huge movement in the last quarter so we should not worry and panic at all.
@pooya87. Agreed! However on your big rally argument, I am beginning to be bearish. This might not occur without a very good cause. The ETF and the halving have occured already. There was also Larry Fink who went to different news outlets to talk about bitcoin. If the spot ETF for Ethereum cannot pump in new bullishness for the whole cryptospace, it would be headshaking to expect bitcoin to pump to $60k and move over this. It also appears that there will be much rejections on this trendline.
Being bearish is one thing, expecting weird and massive crashes is another thing. Some people are going too far with their crash predictions here
In any case I still think the potential is there for a big rally and we are in post halving days where the supply is cut by half which reduces the sell pressure on the market making it easier to rise.
But at the same time we have the world economy that is in pretty bad shape with the deepening recession and the sticky inflation. So that is scaring the money away specially since the high interest rates is absorbing part of it.
Sideways is more possible than either bull or bear market.
In any case I still think the potential is there for a big rally and we are in post halving days where the supply is cut by half which reduces the sell pressure on the market making it easier to rise.
But at the same time we have the world economy that is in pretty bad shape with the deepening recession and the sticky inflation. So that is scaring the money away specially since the high interest rates is absorbing part of it.
Sideways is more possible than either bull or bear market.
I don't believe bitcoin prices can still be predicted using chart reading. With the way new trends and fuds appear all the time, I don't think I can still make my judgement based on the chart or previous price action.
But since the MtGox refund fear has already been calmed by panic sellers, what else do we have that will keep Bitcoin from progressing to a bullish level? I don't think there is anything. What we are seeing now is a price correction, which means that in due time, judging from the way the price is moving, we can see Bitcoin go back to $65,000 before the week runs out, and if that's achieved, then I don't think we can go back to $59,000 ever again this month.
But since the MtGox refund fear has already been calmed by panic sellers, what else do we have that will keep Bitcoin from progressing to a bullish level? I don't think there is anything. What we are seeing now is a price correction, which means that in due time, judging from the way the price is moving, we can see Bitcoin go back to $65,000 before the week runs out, and if that's achieved, then I don't think we can go back to $59,000 ever again this month.
When you said that, I can also really say that the bitcoin price is really difficult to determine when or where its price will actually go. Although, at the moment, what we are facing is still in the current correction.
We don't know how far its consolidation will run from Bitcoin's support and resistance in the market. Just let's really expect how long its range is. For sure, the rally that Bitcoin will do once it really starts in the market will be that long.
I agree that it will probably not see 38k, that seems very low, hell I do not think that it will go down under 50k neither, the drop has already happened and I do not think that we are going to see it drop any further, I think it is going to keep staying at this level. Of course this is just my thought and I could be wrong about it, we just need to wait and see what is going to happen.
I believe that the best thing we can do right now would be wait and see how it goes. This of course is a difficult thing to handle, because many people think that it will keep dropping like that person, but I disagree and if I can keep holding for as long as I can, then I think it will recover and see 60k+ once again, its only matter of time.
It baffles me seeing people mad over price of bitcoin although as holder it's actually tempting to see that your assets is gradually depreciating in price and for that you wouldn't have that mindset to involved yourself with DCA, because you could think that price is gonna drop drastically if you keep accumulating but forgotten that it doesn't work that. There is always time for all season and if now is meant for bear you would see that price keep dropping uncontrollably except that person fully understand the market conditions that changes overtime or every seasons. I believe that the best thing we can do right now would be wait and see how it goes. This of course is a difficult thing to handle, because many people think that it will keep dropping like that person, but I disagree and if I can keep holding for as long as I can, then I think it will recover and see 60k+ once again, its only matter of time.
^ Oof, 38k? RIP market. 
I don't think that's happening tho. Not with the current price action at least. 
It looks like it's fighting to go back above 60k. I guess if we see it go back and stay above 60k in a couple of weeks then that's a good sign. I'd rather see a slow trend back up than a quick buy up which could mean it's also gonna go for a sell down.
But yeah, 6 days more to go before I lock the poll. Please get more votes in so we somewhat get an idea of BCT's sentiment.
I agree that it will probably not see 38k, that seems very low, hell I do not think that it will go down under 50k neither, the drop has already happened and I do not think that we are going to see it drop any further, I think it is going to keep staying at this level. Of course this is just my thought and I could be wrong about it, we just need to wait and see what is going to happen. I don't think that's happening tho. Not with the current price action at least. It looks like it's fighting to go back above 60k. I guess if we see it go back and stay above 60k in a couple of weeks then that's a good sign. I'd rather see a slow trend back up than a quick buy up which could mean it's also gonna go for a sell down. But yeah, 6 days more to go before I lock the poll. Please get more votes in so we somewhat get an idea of BCT's sentiment.
I believe that the best thing we can do right now would be wait and see how it goes. This of course is a difficult thing to handle, because many people think that it will keep dropping like that person, but I disagree and if I can keep holding for as long as I can, then I think it will recover and see 60k+ once again, its only matter of time.
True, I thought that it's going to hold unfortunately, it's not. Volume is down as well, perhaps some entities are pulling the market down. Support line along $58,000 didn't hold that much. In any case, July looks like to be June as well, struggling to recover and it's hard to see for now getting to $60,000.
We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
I was hoping to see bitcoin price close around $62k but even that seem to be really hard, despite ETF inflow has been raking money around $294 million alone in 8th of july according to theblock eth inflow/outflow data and also the big player like black rock buying bitcoin by the hundred millions market still get pulled down again. People already learned to buy the dip but there's just as you said some entity trying to pull the market down trying to pull string behind the scene.We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
on the other hand ETH because of its ETF is still going strong but I expect it to be weak since the market trend and sentiment isn't that good.
really hoping that the bullrun isn't over yet here. Having the ATH just a little bit higher than previous one feels kinda incomplete.
I don't know about the ETF, but they say that's its already price-in, and even if there is a big flow right now, it's not enough to put the market and to climb back to $60k at least for this week. What surprises me is the way the market moves in 4 hour timeframe, we almost touches $58,500 and now we are down again to $57k'ish.
So it's really hard to go up when there are selling pressure at this point. Let's just hope that we can at least maintain this level around $56k and up, it's the biggest support line that we have this July. But if we look at the bigger picture, at least at the end of the year, we might be going on a bull run already.
True, I thought that it's going to hold unfortunately, it's not. Volume is down as well, perhaps some entities are pulling the market down. Support line along $58,000 didn't hold that much. In any case, July looks like to be June as well, struggling to recover and it's hard to see for now getting to $60,000.
We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
I was hoping to see bitcoin price close around $62k but even that seem to be really hard, despite ETF inflow has been raking money around $294 million alone in 8th of july according to theblock eth inflow/outflow data and also the big player like black rock buying bitcoin by the hundred millions market still get pulled down again. People already learned to buy the dip but there's just as you said some entity trying to pull the market down trying to pull string behind the scene.We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
Positive inflows from the ETF are a good sign that many people are trying to buy on dips, but if we compare bitcoin's daily trading volume, that number is too small to have any impact help bitcoin price increase significantly. If Mt.gox is indeed distributing BTC, that number would be in the billions. Clearly, the selling force is still greater than the buying force, so it is understandable that the price has not been able to recover.
on the other hand ETH because of its ETF is still going strong but I expect it to be weak since the market trend and sentiment isn't that good.
really hoping that the bullrun isn't over yet here. Having the ATH just a little bit higher than previous one feels kinda incomplete.
really hoping that the bullrun isn't over yet here. Having the ATH just a little bit higher than previous one feels kinda incomplete.
Why aren't you optimistic that once the ETH ETF is officially traded, more money will flow into the market and we will recover instead of thinking it has a weakening trend?
The bull season has not yet begun, you should not be pessimistic and think that the bull season is about to end. This is not the time to be pessimistic, things are getting closer, don't let the whales take your bitcoins at the doorstep of heaven.
True, I thought that it's going to hold unfortunately, it's not. Volume is down as well, perhaps some entities are pulling the market down. Support line along $58,000 didn't hold that much. In any case, July looks like to be June as well, struggling to recover and it's hard to see for now getting to $60,000.
We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
I was hoping to see bitcoin price close around $62k but even that seem to be really hard, despite ETF inflow has been raking money around $294 million alone in 8th of july according to theblock eth inflow/outflow data and also the big player like black rock buying bitcoin by the hundred millions market still get pulled down again. People already learned to buy the dip but there's just as you said some entity trying to pull the market down trying to pull string behind the scene.We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
on the other hand ETH because of its ETF is still going strong but I expect it to be weak since the market trend and sentiment isn't that good.
really hoping that the bullrun isn't over yet here. Having the ATH just a little bit higher than previous one feels kinda incomplete.
12hr average was held for over a day and I was hoping it would stay above to form a positive trend on great time frames but it has failed and today is a bust in that respect unless these last few minutes bring a last minute recovery. We are very close to the 12hr average once again but so far BTC is struggling more then a little in this recovery attempt.
True, I thought that it's going to hold unfortunately, it's not. Volume is down as well, perhaps some entities are pulling the market down. Support line along $58,000 didn't hold that much. In any case, July looks like to be June as well, struggling to recover and it's hard to see for now getting to $60,000.
We still have a lot of days though this July, so who knows, Bitcoin as an assets needs to mature, as we have seen deepest correction since 2022, investors should not panic, traders should be smart as well so that they won't be carried away as for sure they could have been losing big money along the way.
12hr average was held for over a day and I was hoping it would stay above to form a positive trend on greater time frames but it has failed and today is a bust in that respect unless these last few minutes bring a last minute recovery. We are very close to the 12hr average once again but so far BTC is struggling more then a little in this recovery attempt.
Weekly, 2 day, 200 day all those moving averages are all in this particular area. Most positive idea we formulate in this area is its direction is important now, we are in a pivotal place. If BTC does find itself able to mount another attempt upwards then be positive at that moment as we have beaten all these measures and more. Dont assume downwards imo, its not yet certain but we are bottom of the range and threatening lower for sure.
Weekly, 2 day, 200 day all those moving averages are all in this particular area. Most positive idea we formulate in this area is its direction is important now, we are in a pivotal place. If BTC does find itself able to mount another attempt upwards then be positive at that moment as we have beaten all these measures and more. Dont assume downwards imo, its not yet certain but we are bottom of the range and threatening lower for sure.
^ Oof, 38k? RIP market. I don't think that's happening tho. Not with the current price action at least. It looks like it's fighting to go back above 60k. I guess if we see it go back and stay above 60k in a couple of weeks then that's a good sign. I'd rather see a slow trend back up than a quick buy up which could mean it's also gonna go for a sell down.
But yeah, 6 days more to go before I lock the poll. Please get more votes in so we somewhat get an idea of BCT's sentiment.
I don't think that's happening tho. Not with the current price action at least. It looks like it's fighting to go back above 60k. I guess if we see it go back and stay above 60k in a couple of weeks then that's a good sign. I'd rather see a slow trend back up than a quick buy up which could mean it's also gonna go for a sell down. But yeah, 6 days more to go before I lock the poll. Please get more votes in so we somewhat get an idea of BCT's sentiment.
^ I hope so... And hopefully July would also have 'the highest pumping' of the price.
But seriously there's prolly a lot of guys who sold their bags at maybe 54k or 55k..? Waiting for the price to go below their selling price so they could buy back has got to hurt rn. I'm not making fun of anybody. I've been there before... Lots of times. Lol.
So yeah, votes have not changed. A couple of votes for yes, 14 for no. Where this thing is going will be a lot clearer in a couple of weeks.
But seriously there's prolly a lot of guys who sold their bags at maybe 54k or 55k..? Waiting for the price to go below their selling price so they could buy back has got to hurt rn. I'm not making fun of anybody. I've been there before... Lots of times.
Lol.So yeah, votes have not changed. A couple of votes for yes, 14 for no. Where this thing is going will be a lot clearer in a couple of weeks.
In recent days, with the news of Mt.gox refunding as well as the German government continuously selling bitcoin. I see many KOLs on X with hundreds of thousands, millions of followers starting to become bearish and they predict bitcoin will drop to about 38k-48k$. Many people are calling to sell bitcoin so I believe many people are following those signals, they are selling their bitcoin and waiting to buy it back when the price drops to the level predicted by their idols
. From there it can be seen that the market is extremely bearish and depressed, many people are scared but to me, this is a good sign because bitcoin always increases in people's doubts.
^ I hope so... And hopefully July would also have 'the highest pumping' of the price.
But seriously there's prolly a lot of guys who sold their bags at maybe 54k or 55k..? Waiting for the price to go below their selling price so they could buy back has got to hurt rn. I'm not making fun of anybody. I've been there before... Lots of times. Lol.
So yeah, votes have not changed. A couple of votes for yes, 14 for no. Where this thing is going will be a lot clearer in a couple of weeks.
But seriously there's prolly a lot of guys who sold their bags at maybe 54k or 55k..? Waiting for the price to go below their selling price so they could buy back has got to hurt rn. I'm not making fun of anybody. I've been there before... Lots of times.
Lol.So yeah, votes have not changed. A couple of votes for yes, 14 for no. Where this thing is going will be a lot clearer in a couple of weeks.
So yeah, judging from June's sentiment poll, I feel like a lot of you guys have become a bit bearish on BTC. Honestly I do too, but could the recent buy up on BTC for the last couple of days be a sign that the bottom is in? I don't really know.. Lol. But what do you guys think? Below 60k or is the bottom in?
Here's the monthly chart... It still doesn't look all that bad imho.
Here's the monthly chart... It still doesn't look all that bad imho.
This month of July has seen the highest dumping of Bitcoin price, because after the upswing, Bitcoin price is the highest dumping of this month of July. So the current dip is definitely attractive because the individual who buys the dip at this time will surely be able to share in the huge benefits later on.
Despite the downward trend recently, I am not ready to say that the bull market is over. The price is almost double what it was one year ago. When you have growth like that, it is natural to see corrections. Some people might be panicking because Bitcoin had a bad quarter. The Mt. Gox payments and German government selloffs will probably ensure that price will continue trading sideways and could possible go down further this month. I would use this opportunity to accumulate more BTC at lower prices before it starts going up again towards the end of the year.
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Whenever I look for the charts of Bitcoin for the long run, there's only 1 indicator that I'm using to see the trend of it. 21 Weekly Moving Average.
21 Weekly moving average is what most analysts are using to know what's the trend of the market. When it's above it, the trend is bullish and vice versa. After more than a year, we just saw the market going below it which is a bad sign and a very bearish sign. Not a good sign TBH, because last week, it went below but closed above it, now we are below it again, and I don't think we will close above it this week as well.
Some might still be bullish here, but if the market closes below that 21 Weekly moving Average this week, I will be bearish for this month. Be patient, good luck, and I hope nobody will make impulsive decisions here and there.
21 Weekly moving average is what most analysts are using to know what's the trend of the market. When it's above it, the trend is bullish and vice versa. After more than a year, we just saw the market going below it which is a bad sign and a very bearish sign. Not a good sign TBH, because last week, it went below but closed above it, now we are below it again, and I don't think we will close above it this week as well.
Some might still be bullish here, but if the market closes below that 21 Weekly moving Average this week, I will be bearish for this month. Be patient, good luck, and I hope nobody will make impulsive decisions here and there.
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