Today’s move was mostly based on the employment numbers. The employment numbers are hard to judge these days because we actually beat the amount of estimate for added jobs but yet there was a sell off anyways.
But the average earnings went down a little. So added jobs normally should be bullish however now with inflation it’s bearish because it means that inflation will continue. On the other hand the average wages is decreases which means inflation shouldn’t be as bad.
Very difficult to interpret all this data.
Topic: BTC Sentiment Poll for June - page 5. (Read 863 times)
I'm bullish on Bitcoin for this month. As you can see that the monthly candle last month (May) closed above $30,000. Yes, there are still some times that it will drop below $30,000 like up to $28,000 but it will just be a wick for sure, it will keep bouncing. The next stop for me now is $40,000 a short-term resistance.
We will have to see what happens, the market participants are too nervous, as soon as there is a small indication the price could go down everyone begins to sell trying to avoid losing money through all means possible, and it is this attitude precisely what is causing the price to not be able to surpass the 30k resistance level in a definitive way, and it is possible that this is going to keep going for months, which does not really bother me as it gives us the opportunity to buy bitcoin for a good price for a long time. 
I agree that June could totally be like sideways, we have been like that ever since we dropped to 30k levels, I can't remember the exact date when Luna deal happened but it has been a while now I suppose, at that point we dropped to 26k at the bottom but went to 32k and so far we have been moving up and down only a slight bit and I do not see us getting out of that zone anytime soon.
I feel like June and even July could be like that. In order for us to go super high (or even lower) there needs to be something and nothing is happening right now in bitcoin ecosystem and for the foreseeable future nothing looks like could be done.
I feel like June and even July could be like that. In order for us to go super high (or even lower) there needs to be something and nothing is happening right now in bitcoin ecosystem and for the foreseeable future nothing looks like could be done.
I voted yes. Zoomed out to the maximum, I'm very bullish. Bitcoin is currently in a super cycle, BUT within that cycle, there are bearish cycles. 2018 and 2019 were part of a bearish cycle, and 2022 and 2023 will also be part of another bearish cycle.
We cannot be sure of that. Plebs like us should understand that rate hikes and QT's effects are not felt immediately. It will take time, and once something "breaks", the Fed will reverse its policy and start lowering rates/start QE again to bail out those banks and large companies that "broke".
That's only in the U.S., in the E.U. I believe their own rate hikes and QT are only starting.
Well many were expecting this month to be bearish because it’s when QT starts. However you need to understand that it was priced in a long time ago.
Look at the yields, everything is already priced in. So keep in mind when it’s very obvious that something is bearish and everyone is bearish the complete opposite can happen. That’s usually how the markets are. That’s why there are many bottom shorters and top longers out there.
Look at the yields, everything is already priced in. So keep in mind when it’s very obvious that something is bearish and everyone is bearish the complete opposite can happen. That’s usually how the markets are. That’s why there are many bottom shorters and top longers out there.
We cannot be sure of that. Plebs like us should understand that rate hikes and QT's effects are not felt immediately. It will take time, and once something "breaks", the Fed will reverse its policy and start lowering rates/start QE again to bail out those banks and large companies that "broke".
That's only in the U.S., in the E.U. I believe their own rate hikes and QT are only starting.
Questions like this are fundamentally flawed because the sentiment changes in a much shorter time for example it could change daily. Right now the sentiment is undecided which is clear from the sideways market that we have been seeing but this could change in an instant if price breaks a certain price whether it is a lower price in a drop or a higher price in a rise.
In other words your poll results show the sentiment of the day people voted (which is close to 50-50 hence proving my point about being "undecided" to some extent) not for June.
In other words your poll results show the sentiment of the day people voted (which is close to 50-50 hence proving my point about being "undecided" to some extent) not for June.
Well many were expecting this month to be bearish because it’s when QT starts. However you need to understand that it was priced in a long time ago.
Look at the yields, everything is already priced in. So keep in mind when it’s very obvious that something is bearish and everyone is bearish the complete opposite can happen. That’s usually how the markets are. That’s why there are many bottom shorters and top longers out there.
Look at the yields, everything is already priced in. So keep in mind when it’s very obvious that something is bearish and everyone is bearish the complete opposite can happen. That’s usually how the markets are. That’s why there are many bottom shorters and top longers out there.
Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
After being above $30,000 for a couple of days, we are now below it again. Looks like many don't want Bitcoin to reach above $30,000 
.And then we are at $30,450 currently. So it's going to be a roller coster ride this month and we are still not out of the woods, unless we went above $35k in the next couple of weeks which I think is not possible.
Mid year and we are now -50% or more from our last all time high, and if it dip again this June, we should brace ourselves for the next 6 months as it might retrace even further (scary thoughts but that's what bear market is).
I'm bullish on Bitcoin for this month. As you can see that the monthly candle last month (May) closed above $30,000. Yes, there are still some times that it will drop below $30,000 like up to $28,000 but it will just be a wick for sure, it will keep bouncing. The next stop for me now is $40,000 a short-term resistance.
^ You don't have to be all so serious about it. Lol. Just pick a lucky guess and have fun with it. And it's really a simple question. So no need to over complicate things... Is 27k - 28k the lowest range for BTC for the year and beyond this year?
And I see some reluctance on picking an answer because of fear of getting it wrong. But so what? Just think of it as a game or something. It's not like we're betting a million bucks on it. So ok... I'll go first then. I pick yes. No solid reason, just a hunch. If I'm wrong, I'm wrong.
I picked for freakin' no idea what's going on.And I see some reluctance on picking an answer because of fear of getting it wrong. But so what? Just think of it as a game or something. It's not like we're betting a million bucks on it. So ok... I'll go first then. I pick yes. No solid reason, just a hunch. If I'm wrong, I'm wrong.
One thing that i know .. after all of these crazy up and down times .. there would be an unstoppable bull run .
We have done it multiple times and will be continued for sure.
In short term? No idea , im holding forever from now on.
No pressure right ?
Honestly I would not be surprised if it was a sideways month. We had basically 8 weeks of red so there is a good chance we might get 2 weeks of green and then followed by 2 weeks of red and we went up to where we started pretty much.
All eyes are right now on the CPI and fed speech. If the inflation is very high and they hint at 75bps rate hikes then we can see a sell off. Everything else is already priced in. We are entering the summer months which always have little liquidity.
So not bear or bull but a crab market? Could be like you said, going sideways but honestly, the US stock market was too wild. Fed's attempt to have some control over it will go nowhere and only hurt the crypto market further since everyone now is so jumpy to sell their bag over any bad sign in the market: montage rate, unemployment rate, CPI,...All eyes are right now on the CPI and fed speech. If the inflation is very high and they hint at 75bps rate hikes then we can see a sell off. Everything else is already priced in. We are entering the summer months which always have little liquidity.
I cast my vote at Yes, we'll see Bitcoin drop the price further.
Here we are again. Another new month, another new sentiment poll... And hopefully the sentiment is more positive than last month. But I can only hope and hope doesn't control what the market does. So I give it you, my fellow members of or beloved BCT. Please check out the chart below and vote for what you think...
Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
Despite of some increase in Bitcoin, but then, I'd never see any signs to say that we gonna recover this month. I was still seeing the market will remains as it was just like in the past few days, like a month of May. However, I'd never found a reason why we have to worry in the coming days and this month. Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
The market had never fallen bad, still in the up and down movement. Never I see it stabilized which makes me think that the situation will keep running until the 3rd quarter.
legendary
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Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
After being above $30,000 for a couple of days, we are now below it again. Looks like many don't want Bitcoin to reach above $30,000 .Anyway with what is happening right now globally, I believe that we might see Bitcoin go lower than $27,000-$28,000 TBH but only for a short amount of time because I think that we might go sideways for the next few weeks to months. I hate it but fundamentals greatly affects the market. One bad news might affect the whole market. With what is happening right now globally, I believe that investors will still be in extreme fear for the next month. The good thing though is that it tried to surpass the $30,000 price though it ended up as a false breakout. A good sign but not enough to say that we will go up this month.
Only my prediction though and I have a 50% chance of it to be correct and it's for fun only
. 
Sorry tokes. I said on Monday price would have to stay up for 24 hours above 30k for me to think we might have a shot and another uptake. Of course, it did not only that but go to 32k before losing it all in 12 hours.
It's going to take a few more attempts to break that resistance (I'd say a couple more tries but it has then to stay above that a week or touch 35k).
If not, then it's really just a blink of an eye to wipe 10-20% out and see 24k or so. Really.
It's going to take a few more attempts to break that resistance (I'd say a couple more tries but it has then to stay above that a week or touch 35k).
If not, then it's really just a blink of an eye to wipe 10-20% out and see 24k or so. Really.
Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
I pick yes. No solid reason, just a hunch. If I'm wrong, I'm wrong.
Just dropping by to say there's a mix up. I am answering 'yes' to the question in my post above, not to the question in the poll. So yup, I really do think that BTC is in the bottom of the range for 2022 and beyond. I'm not saying it's all gonna break out and resume the trend higher from here, all I'm saying it it's not going down below 27k - 28k range or whatever. It could start going sideways from here with some pump to 40k then come back down to 30k and does it all over again until the market gets its bearings back again.
Ok... On with the show.
legendary
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Rather than thinking about what the price will do this month, which I think is generally bearish sentiment, I think about what bitcoin in general will do in this economic crisis.
In theory bitcoin, when there is a crisis in the stock market, inflation and rising interest rates slowing down the economy, should act as a safe haven, but this does not seem to be the behaviour of bitcoin in recent months, rather its behaviour is similar to that of the stock market and the rest of the markets.
In theory bitcoin, when there is a crisis in the stock market, inflation and rising interest rates slowing down the economy, should act as a safe haven, but this does not seem to be the behaviour of bitcoin in recent months, rather its behaviour is similar to that of the stock market and the rest of the markets.
^ You don't have to be all so serious about it. Lol. Just pick a lucky guess and have fun with it. And it's really a simple question. So no need to over complicate things... Is 27k - 28k the lowest range for BTC for the year and beyond this year?
but this year alone we fell down to 26k right? so I think there is another low keys to come our way and I expect this to go below 20k (hoping I'm wrong)Quote
And I see some reluctance on picking an answer because of fear of getting it wrong. But so what? Just think of it as a game or something. It's not like we're betting a million bucks on it. So ok... I'll go first then. I pick yes. No solid reason, just a hunch. If I'm wrong, I'm wrong.
yeah lets enjoy this thread because we are only breaking the pressure from our investment now as most of us are in Losing position specially Holders like us lol.But the cycle is just starting so there might be more dropping up to the next 2 years from now.
Honestly I would not be surprised if it was a sideways month. We had basically 8 weeks of red so there is a good chance we might get 2 weeks of green and then followed by 2 weeks of red and we went up to where we started pretty much.
All eyes are right now on the CPI and fed speech. If the inflation is very high and they hint at 75bps rate hikes then we can see a sell off. Everything else is already priced in. We are entering the summer months which always have little liquidity.
All eyes are right now on the CPI and fed speech. If the inflation is very high and they hint at 75bps rate hikes then we can see a sell off. Everything else is already priced in. We are entering the summer months which always have little liquidity.
Here we are again. Another new month, another new sentiment poll... And hopefully the sentiment is more positive than last month. But I can only hope and hope doesn't control what the market does. So I give it you, my fellow members of or beloved BCT. Please check out the chart below and vote for what you think...
Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
dropped below 27k or at least levelled at 26k last month of MAY so maybe there is a possibilities that the price will drop lower than that as it is something we can expect in this kind of season.Is 27k - 28k the lowest of the lows it can get for 2022 and beyond? Is it all going up from here on forth?
2nd quarter and even 3rd are mostly a season where the value of the market is showing weak ( but of course not in Halving season when everything is Pumping almost whole year.)
so this means either this June or until August ? the price might be in this range and may be more lower as we expected .
It is the market sentiment to have a bounce during the start of the new month. This can get carried, but with the present market situation we can't come to conclusion. As per my understanding, the low bottom isn't touched. Probably there is price prediction of reaching $10k. It won't drop that low, but there is a bottom price which is down to $25k. We should remember the days before bitcoin reaching its ATH value. During that time the market was predicted to fall lower after a massive fluctuation, but it moved to the top. So, the market could over perform as well as out perform unexpectedly.
For me, we haven't touch the lowest low yet, so it's possible that we can touch $27k this month. Although we have bounce back this last week, I'm not really sure, maybe this could be another trap, sort of catching a falling knife. We've barely enter this month and a lot of things can still affect us, like the noise behind us, the war in Europe and then the Fed rate hike or even another set of FUD will trigger another sell-off.
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