BTC Sentiment Poll for June - page 4.

LogitechMouse

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Quote from: tokeweed on June 01, 2023, 10:10:14 AM

~
So if sell in May then June = Moon? Grin

What do you guys think?

June = Moon, or June = BOOM!!!!!.
BOOM meaning it will go up like a SpaceX's rocket. Cheesy

JK

200 Weekly Moving Average. This is the only indicator that I'm using whenever I want to see the trend of Bitcoin. Right now the like is at $24,200. Still above that line, so I still remain bullish about Bitcoin despite of it's downward movement in the last few days. As long as Bitcoin will stay above $24,000, I will still remain bullish, and will expect to try and break that $30,000 psychological resistance again. Can Bitcoin do it this month? I don't think so after what happened with Binance at the start of the month, but who knows.

I believe that Bitcoin will go sideways for this moment at around the $25,000-$30,000 price range.

bitterguy28

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Quote from: tokeweed on June 07, 2023, 09:45:41 AM

And I guess sideways would look like this?

After the bounce, it looks like we're going back to how it was going prior to it.

another sideways happens now and yes price breaks down 25k again and with the bad situation happening? I think we will be seeing more dumping down to 24k , because there are sooner increase in the next year .

Quote from: GreatArkansas on June 11, 2023, 09:35:21 PM

This dump happened in June, I really expected it. When we tried to test the support level at $25,000 last month, I believe it will be tested again this month and it broke down below.

And that's why I can say that I am bearish in this month of June. This price where we are now which is $25,000 level plus will be a significant support over the time, I hope we will not fall below it anymore until next month.

i thought we will not be seeing lower than 25k but the way it is? maybe there are more low in the next coming months .

GreatArkansas

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This dump happened in June, I really expected it. When we tried to test the support level at $25,000 last month, I believe it will be tested again this month and it broke down below.

And that's why I can say that I am bearish in this month of June. This price where we are now which is $25,000 level plus will be a significant support over the time, I hope we will not fall below it anymore until next month.

bbc.reporter

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Quote from: DeathAngel on June 03, 2023, 09:15:57 AM

I voted ‘Yup’ in the poll. I don’t necessarily think we will moon in June but I think the price will be higher at June close than it was at June open. We are in the very early days of transitioning from bear market into bull market. I think the price will begin to creep up soon (if macro environment allows it). Just be calm & wait for parabolic upwards movement in the not too distant future (next 2 years).

I am joining you hehehe. The Hinman documents will be unsealed and revealed on June 13 as requested by the lawyers of Ripple. The documents have records of a speech made by Bill Hinman where he said that Bitcoin and Ethereum are not securities. Ripple's lawyers argues that they can use Hinman's speech to open a case that XRP is also not a security. This is bullish for the much of the cryptospace because it might set a precedent for many projects to also open their own cases that their tokens are not securities hehehe.

Also, XRP might pump if Ripple's lawyers get a good outcome hehehehe.

flyingcarpet

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Quote from: Unbunplease on June 11, 2023, 04:36:10 PM

Quote from: lunnatic on June 11, 2023, 12:56:05 PM

June is still long and the price of Bitcoin is still unstable, and even a dump can happen again because $ 20k is lurking,
moreover bad news always comes, to be honest the situation in June is more scary than in May,
even though we are getting closer to the halving but Bitcoin still not bullish.

It is unlikely that bitcoin price will fall below 23000. I think we can expect a sideways movement between 23000-27000 until the end of June. Mid-July usually comes out strong, so bitcoin could start rising again from mid-July. Also, Halving is coming soon and bitcoin will have less and less room to fall.

Even if Bitcoin drops below 23k or goes above 30k, I am not a fan of selling. There are those who are waiting for 10-12k, and there are those who say it will be over 30. There will be a move before the halving comes and there is still time. I don't understand why some people are so pessimistic when they haven't even played 1k. When it goes below 20k, they wait for 12k and start spreading negative words on the market again. Get Bitcoin and hold it. That's the whole point.

It will surely reach the level we expect one day. I think this period will be soon. Max. There is a possibility of reaching those targeted levels in 1-2 years. If it doesn't, we're holding bitcoin. I don't think we will lose because I don't think it will drop to these levels again after the halving.

My guess for June is that there won't be a lot of play around these levels. If it does, it will recover quickly.

Unbunplease

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Quote from: lunnatic on June 11, 2023, 12:56:05 PM

June is still long and the price of Bitcoin is still unstable, and even a dump can happen again because $ 20k is lurking,
moreover bad news always comes, to be honest the situation in June is more scary than in May,
even though we are getting closer to the halving but Bitcoin still not bullish.

It is unlikely that bitcoin price will fall below 23000. I think we can expect a sideways movement between 23000-27000 until the end of June. Mid-July usually comes out strong, so bitcoin could start rising again from mid-July. Also, Halving is coming soon and bitcoin will have less and less room to fall.

lunnatic

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Quote from: goaldigger on June 10, 2023, 05:28:38 PM

Quote from: Gianluca95 on June 10, 2023, 03:03:33 PM

Price will be stable along this month and also for the next months. I think that we're not ready yet for a price increment, we have to wait some other months, maybe we should see something of interesting at the end of the

year but not now. Let's hope that quantitative easing will restart soon, this will let dream us Grin

The price should be more stable on this level and let’s not hope for any bad news because we might see it down again. The market is on a big red candles and not just with Bitcoin, this could be an indication about the pressure of the government to cryptocurrency. Let’s not panic and just focus on our goal, remember that this is not the end of crypto, this is just a normal bear market, better to buy more.

June is still long and the price of Bitcoin is still unstable, and even a dump can happen again because $ 20k is lurking,
moreover bad news always comes, to be honest the situation in June is more scary than in May,
even though we are getting closer to the halving but Bitcoin still not bullish.

Republikcoin.com

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Quote from: goaldigger on June 10, 2023, 05:28:38 PM

The price should be more stable on this level and let’s not hope for any bad news because we might see it down again. The market is on a big red candles and not just with Bitcoin, this could be an indication about the pressure of the government to cryptocurrency. Let’s not panic and just focus on our goal, remember that this is not the end of crypto, this is just a normal bear market, better to buy more.

The bear market that is still occurring this month is indeed an ordinary bear market that occurs due to bad news from other parties, which has prompted some investors and traders to start saving their assets into stable assets to guard against losses. And I also agree with what you are saying where we shouldn't feel panic and must stay focused on our own core goals because pressure from the government usually doesn't last so long on the crypto market, moreover the government also often wants to solve problems more wise through a better path.

goaldigger

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Quote from: Gianluca95 on June 10, 2023, 03:03:33 PM

Price will be stable along this month and also for the next months. I think that we're not ready yet for a price increment, we have to wait some other months, maybe we should see something of interesting at the end of the

year but not now. Let's hope that quantitative easing will restart soon, this will let dream us Grin

The price should be more stable on this level and let’s not hope for any bad news because we might see it down again. The market is on a big red candles and not just with Bitcoin, this could be an indication about the pressure of the government to cryptocurrency. Let’s not panic and just focus on our goal, remember that this is not the end of crypto, this is just a normal bear market, better to buy more.

dragonvslinux

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Quote from: ?? on ??

Quote from: dragonvslinux on June 10, 2023, 12:59:47 PM

Quote from: tokeweed on June 07, 2023, 09:45:41 AM

And I guess sideways would look like this?

After the bounce, it looks like we're going back to how it was going prior to it.

Surprising to see most people vote sideways for a change. It's a good sign that people aren't too bullish right now at least, even if maybe they should be a bit more bearish given the current correction.

As for the sideways theory, I'm not too convinced. Once price eventually reaches $25K level, that's looking increasingly likely, it will either act as support or fail imo, rather than any prolonged attempt to hold it as support. I say this as there is a lot of fear in the market right now with what the SEC is up to, even if it doesn't directly effect Bitcoin what so ever, people are still selling regardless it seems.

Personally I still find it more likely for price to re-test around $23K, potentially with a more capitulation style candle/event given the current market sentiment, followed by a swiftly returning back above $25K. Not so dissimilar to $20K correction that quickly returned to $25K. Despite the background noise, I don't see much different so far with the current correction than that of March. The only difference is we haven't seen the quick move to the downside yet, but instead a slow grind downwards with low volume or support, but I think we are getting closer to an increase in volatility in order for lower prices to arrive.

I say this as there is a lot of fear in the market right now with what the SEC is up to, even if it doesn't directly effect Bitcoin what so ever, people are still selling regardless it seems and Binance.us could be at risk but they could just close it all together and Americans will continue to use .com anyway and I believe that we should be seeing the price recover. Whenever it goes up and If my analysis holds true, it therefore means that we can only cross $30k for a short time and return to this stage again and At current conditions some people could start thinking that the market cap of lots of these coins are way overvalued.

The reality is according the usual Fear & Greed Metric there isn't any fear in the market yet: https://alternative.me/crypto/fear-and-greed-index/

For sure there is a lot of concern and uncertainty right now, especially of what could happen next with the likes of Crypto.com suspending it's US activities, but ultimately we haven't seen any real fear hit the market yet. This is why I say if price breaks below $25K we could see some genuine fear in the market again, as right now the market sentiment remains relatively neutral despite all the news of late. Either that of the current concern will pass, $25K will hold as support and the bullish trend continues. As despite the pull-back and correction, the market hasn't even begun to enter in a bearish period yet.

In summary, if you're someone who buys fear and sells greed, then this isn't the buying stage yet. We have yet to see whether fear will appear in the market or not.

Gianluca95

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Price will be stable along this month and also for the next months. I think that we're not ready yet for a price increment, we have to wait some other months, maybe we should see something of interesting at the end of the

year but not now. Let's hope that quantitative easing will restart soon, this will let dream us Grin

dragonvslinux

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Quote from: tokeweed on June 07, 2023, 09:45:41 AM

And I guess sideways would look like this?

After the bounce, it looks like we're going back to how it was going prior to it.

Surprising to see most people vote sideways for a change. It's a good sign that people aren't too bullish right now at least, even if maybe they should be a bit more bearish given the current correction.

As for the sideways theory, I'm not too convinced. Once price eventually reaches $25K level, that's looking increasingly likely, it will either act as support or fail imo, rather than any prolonged attempt to hold it as support. I say this as there is a lot of fear in the market right now with what the SEC is up to, even if it doesn't directly effect Bitcoin what so ever, people are still selling regardless it seems.

Personally I still find it more likely for price to re-test around $23K, potentially with a more capitulation style candle/event given the current market sentiment, followed by a swiftly returning back above $25K. Not so dissimilar to $20K correction that quickly returned to $25K. Despite the background noise, I don't see much different so far with the current correction than that of March. The only difference is we haven't seen the quick move to the downside yet, but instead a slow grind downwards with low volume or support, but I think we are getting closer to an increase in volatility in order for lower prices to arrive.

tokeweed

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^ I'm not going to pretend that I know what's going on but it feels like there's some parallels with how the regulators handled online poker in the US when they implemented the UIGEA and basically isolated the US poker players from the rest of the world... It sucked for the guys in the US as their player pools shrinked from one being connected to the whole world to something limited within their state. :/ And not all states legalized online poker.

Anyway just 10 votes after a week? C'mon guys... Let's get more votes in.

And I guess sideways would look like this?

After the bounce, it looks like we're going back to how it was going prior to it.

dragonvslinux

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Quote from: justdimin on June 06, 2023, 08:20:53 AM

Quote from: dragonvslinux on June 05, 2023, 12:15:23 PM

Price is currently testing the recent lows after news that Binance is being sued by the SEC. I think this could end up as a short-term sell-off, as Binance isn't a directly related to Bitcoin's future or success. Also as many are now suspecting incorrectly that Binance may be insolvent, but in reality they are being sued for their business practices, rather than being accused of not holding reserves. The only real concern is the claim that they have been co-mingling funds, similar to FTX, which while this may well be true, I don't think it's enough to send Binance into bankruptcy.

Already on short-term time-frames price is finding buyers under $26K again, so this may well end up being a fake-out for now.

Let it be whatever it is right now but the reality is that we are going to get over that again anyway. I know that a lot of people are wondering when that will happen but it is going to happen in the future and we shouldn't be worried about it neither. I know that price is bad right now, but binance is a global company and not based in USA right now, so they can be investigated as much as you want, and it will not come to any serious conclusion.

Binance US is based in the USA, that's their US arm. The accusations is however that they have been allowing US customers on their main platform (that I think we all knew), and even providing assistance to some big traders on how to circumvent the so-called restrictions, among other claims. Yes Binance is a global company, but the SEC does have a lot of reach when it comes to costing them a lot of money.

The reality is we've never seen a SEC lawsuit this size against such a big crypto exchange, so it's impossible to tell the outcome, ie whether they settle, win or lose.

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Quote from: dragonvslinux on June 01, 2023, 04:22:07 PM

Quote from: tokeweed on June 01, 2023, 10:10:14 AM

So if sell in May then June = Moon? Grin

What do you guys think?

Down before up! Was thinking this might already occur in May, a re-test of $25K or $23K, but clearly this is taking longer than expected. Hence I voted for sideways for this month.

Also the so-called "China pump" clearly never occurred beginning of June as expected and otherwise there is a short-term bearish structure of lower highs indicating further lower lows. That said, I wouldn't be surprised to see price correct to lower levels and end the month around $30K. I'm still relatively bullish long-term until proven otherwise, but right now there isn't any upside momentum.

Yup, that's the plan. But for a while there I thought we were on our way up without testing 23k - 25k support. After hearing that there was some shenanigans between the SEC and Binance it's now looking like we could go test support and keep testing it without an immediate bounce as first thought. Cheesy

It's gonna be a rough one folks. At current conditions some people could start thinking that the market cap of lots of these coins are way overvalued. Like PEPE, for a new memecoin that went online just a couple of months ago is around 450 million USD in market cap..? Lol. Ain't buying any of that until it goes below 50 million market cap. And even if you're just trading it for the potential upside, I think it's not a pump fist buy. Just waaay too overvalued...

Lots of these alts need to go down big time.

justdimin

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Quote from: dragonvslinux on June 05, 2023, 12:15:23 PM

Price is currently testing the recent lows after news that Binance is being sued by the SEC. I think this could end up as a short-term sell-off, as Binance isn't a directly related to Bitcoin's future or success. Also as many are now suspecting incorrectly that Binance may be insolvent, but in reality they are being sued for their business practices, rather than being accused of not holding reserves. The only real concern is the claim that they have been co-mingling funds, similar to FTX, which while this may well be true, I don't think it's enough to send Binance into bankruptcy.

Already on short-term time-frames price is finding buyers under $26K again, so this may well end up being a fake-out for now.

Let it be whatever it is right now but the reality is that we are going to get over that again anyway. I know that a lot of people are wondering when that will happen but it is going to happen in the future and we shouldn't be worried about it neither. I know that price is bad right now, but binance is a global company and not based in USA right now, so they can be investigated as much as you want, and it will not come to any serious conclusion.

At the very worst case, CZ will never go to USA again and I doubt that matters to binance as a whole, just him. Binance.us could be at risk but they could just close it all together and americans will continue to use .com anyway and I believe that we should be seeing the price recover. Whenever it goes up, they just do a FUD about binance for some reason.

KingsDen

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Quote from: minairia3 on June 02, 2023, 11:23:42 PM

After bitcoin failed to cross the $30k mark in April and May. I see people starting to be pessimistic again because before that, when bitcoin continuously went up from $17k to $28k, people always said bitcoin would cross $30k and hit $35k in Q1. People change so quickly and quickly forget everything. Regarding my prediction, I always expect bitcoin to not increase rapidly, as I need to accumulate more bitcoins for the upcoming bull season.

That is why I voted for sideway movement. I also do not expect bitcoin to make a rapid movement upwards very fast. The price is somehow not too volatile, it is on a long run consolidation.
I also feel that the highest bitcoin can go before the halving days draw near is about $35k. If my analysis holds true, it therefore means that we can only cross $30k for a short time and return to this stage again.
We shouldn't hope for much this month, unless there will be a very strong news of hype which do not come always, rather bad news are fast to surface. But in the absence of fundamentals, bitcoin can touch $30k this month but will not dwell there for upto 7days.

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Quote from: monineklutak on June 05, 2023, 01:46:28 PM

To be honest this June it's been really hard to predict where Bitcoin is going to go,
we're just at the start of the month but there's been some horrible bad news from the SEC that they're fighting Binance over some issues,

yeah becasue of that BNB dump and causing a panic sell happen in Bitcoin too,
I don't know if Bitcoin will be okay this month because if $20k is damaged then maybe we will have a hard time seeing bullish again.

Since Binance is one of the largest centralized exchanges out there, any negative news about it will impact the assets traded. Basically the future profit potential of bitcoin has nothing to do with the Binance case, I mean bitcoin is not dependent on Binance even though in the end Binance will file for bankruptcy.

So don't worry because whether bitcoin is bullish or not depends on supply and demand. If Binance fails, other exchanges will thrive and compete to be first. But I don't think Binance will fail despite being in a lawsuit with the SEC.

monineklutak

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To be honest this June it's been really hard to predict where Bitcoin is going to go,
we're just at the start of the month but there's been some horrible bad news from the SEC that they're fighting Binance over some issues,

yeah becasue of that BNB dump and causing a panic sell happen in Bitcoin too,
I don't know if Bitcoin will be okay this month because if $20k is damaged then maybe we will have a hard time seeing bullish again.

_BlackStar

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Quote from: dragonvslinux on June 05, 2023, 12:15:23 PM

Price is currently testing the recent lows after news that Binance is being sued by the SEC. I think this could end up as a short-term sell-off, as Binance isn't a directly related to Bitcoin's future or success. Also as many are now suspecting incorrectly that Binance may be insolvent, but in reality they are being sued for their business practices, rather than being accused of not holding reserves. The only real concern is the claim that they have been co-mingling funds, similar to FTX, which while this may well be true, I don't think it's enough to send Binance into bankruptcy.

Already on short-term time-frames price is finding buyers under $26K again, so this may well end up being a fake-out for now.

Regardless of the recent binance issues or wallet hacks - I think June is month that really has great potential to see bitcoin test its new support below $26k. This correction is expected to take place in the short term and recovery will follow afterwards. I'm not worried about the percentage drop which has been over -5% in the last few hours - this is a test for long term holders.

I hope bitcoin won't drop below $25k during June - but $24k is still possible to become the next support if traders are still very panicked.

Topic: BTC Sentiment Poll for June - page 4. (Read 679 times)