BTC Sentiment Poll for July - page 5.

Aanuoluwatofunmi

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stead.builders

Quote from: tokeweed on July 01, 2024, 09:27:50 AM

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?

I think its still early for us to be done with the bull season, we may be seeing the market being characterized by bearish sentiment but we cant conclude on this as it happens sometimes when the market intends to pump higher, it will first dump in disguise for others who couldn't read the pattern strategy and season very well, since we couldn't go below $59,000 in last month bear, we should expect the market price for bitcoin to cross $70,000 this month and possibly break the resistance and move towards a new all time high of about $75,000 to $80,000 before we could go bearish again or lay low the bullish season, while the year also have been programmed to move close to $120,000 before it end.

YOSHIE

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Quote from: tokeweed on July 01, 2024, 09:27:50 AM

For July, do you think Bitcoin will break down below 60k USD and stay there?
Yes
No

Yesterday I was invited to one of the forums, they invited several experts and experts in Bitcoin speculation and predictions, the main discussion was about Bitcoin speculation this year and until the halving happens again, they speculate bitcoin will go down, but slowly meaning slowly, not the same as what happened before.

They analyze and speculate that the price of Bitcoin for this year will remain at $60k, there is no definite decline, it is caused by several factors, the peak of the decline is estimated to occur around 2026, This year's downturn doesn't have much of a definite impact on the market, from lengthy discussions in the forum hall, I came to the conclusion that Bitcoin in July or this year will remain at $60k.

Charts are not a definitive benchmark in some cases for Bitcoin.

Jawhead999

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Breaking $60K is possible, but I think it will rebounce and stays around $60K-$70K.

I don't think Bitcoin would go lower than $60K because $60K is currently the strong resistance before Bitcoin will going to pump. What could be the reason Bitcoin would dump? as far as I can see there are many good news with Bitcoin.

There are many president promoting Bitcoin even though they're use it to get votes, more countries are trying to accept Bitcoin ETF etc.

Marvelockg

full member

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Quote from: LFC_Bitcoin on July 01, 2024, 11:06:05 AM

We’re reaching a point in the cycle now where traditionally it’s up only so fasten your seatbelts.

with what we've seen in the last few months after the halving , it's most likely we might not necessarily experience a super bull to the extent to which most persons are anticipating. It's most likely that we might experience a gradual bull up $70k which might bring some sort of reaction that will bring about another downward bear towards the end of the end. There is an high possibility that what will most likely play out from now till the end of the year will be a bull that will yield a bear and gradually we might breakout something close to an $100k as the year progresses but honestly, I feel this month might not be all that different from the last month And the max we might most likely see could be $70k+ maybe I'm being short sighted but this is what I'm speculating. But then, even if we are at that range of value towards the end of the month, it's still a perfect price to keep on DCAing regardless.

LFC_Bitcoin

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I don’t think we’ll break below $60,000 and stay there, no. I do have a bullish bias but I just think the halving effect will start to be reflected in the price soon. Demand is the same, there are less coins in supply now so soon we will start to go up again.

Miner capitulation should start to ease soon, the less profitable farms will be purged. The strongest will survive and prosper. The only thing that could make us go down is if Gox coins actually do start getting dumped but we’ve dumped and recovered every time the rumours circle so the actual event may be a nothing burger.

We’re reaching a point in the cycle now where traditionally it’s up only so fasten your seatbelts.

Churchillvv

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Although bitcoin has been on very much different in its movements since the last few weeks but I still think it might see another bottom before it maintains the upward movement trend.

Or maybe we can say 60kish price is the bottom this time but im certainly not convinced, the rate of acceleration which will occur in bitcoin with 24hts has not been experienced which probably might be a sign that it's still going to drop later then after that we will maintain the bullish trend. I speculate 45k - 50k as the bottom.

Ever-young

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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.

bittraffic

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I think it will continue to go up to $65k for maybe around mid-July and then take another dump back to $61K again til the end of the month. Just my speculation. It will be playing around that price range til the end of the month.

According to the latest stats, Bitcoin is in the lowest dominance. Price will probably just sideways from here while altcoins start going up again.

Nwada001

hero member

Activity: 658

Merit: 660

I'm still very bullish on the market, just like last month. Bitcoin has had a rough week, and I think it's time for it to remain positive for the most part.

Since it has made it back up to $60k, I believe it will still continue on that upward trend. I don't think the question should be if it will drop down to below $60k but should be if it can break the $60k level up to $70k, which I don't know how certain that can be, but I'm sure we can still maintain $60k+ in this month of July.

tokeweed

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Life, Love and Laughter...

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.

Topic: BTC Sentiment Poll for July - page 5. (Read 920 times)