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.
Topic: BTC Sentiment Poll for June - page 5. (Read 679 times)
I thought the beginning of June would be hot because China lifted the ban on cryptocurrencies, but so far it has not affected the market. Hopefully it will happen in June and prices will start to rise. Although usually summer is not the best time for any market.
It can be said that June will determine whether the market will rise or not in 2023, if the June price closes still below $30k then the opportunity for a rise will likely be difficult to happen, our hope to be able to see a market rising is when the halving occurs early in 2024.
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).
Just like what I think. Though the market is unpredictable but based on the current performance and last month's performance, well, a bigger chance that it remain the same. Maybe we could expect a different situation in the 3rd quarter like halving and BER months is close to it but this June, we can't expect a rising trend on the market price. The price will still play between $25k to $30k like it was a bonus price if it reaches $32k. Indeed, we are still seeing a parabolic movement in Bitcoin price. 
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).
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.
We are not in the Q2 of the year and nothing is too lateybto achieve, today is just the third day in June, we still have a long days remaining for the months and bitcoin can through any of these days surge higher above $30,000 we can also see a break limit above $40,000 because the more we are getting closer to the bitcoin halving which is believed the time where the market surges and we attain a new all time high.
In June it looks like Bitcoin will continue for this uptrend it can be seen that $ 25k is not broken,
even though some time ago there was a Fomc meeting and interest rates rose but Bitcoin is showing strength,
yes I am grateful that the support is strong and most likely $ 30k or $ 35k this month can achieved.
even though some time ago there was a Fomc meeting and interest rates rose but Bitcoin is showing strength,
yes I am grateful that the support is strong and most likely $ 30k or $ 35k this month can achieved.
Not much more to add to what I said in the other thread.
It is clear to me that in the almost year remaining pre-halving, the price will experience a rise perhaps to $50K or so to come back down and after halving already attack the previous ATH of $69K. This particular month or next month, it is hard to tell. I don't see anything that is going to move us significantly from the kind of sideways we are in. But at some point in the next few months the price will go up, that's for sure.
It is clear to me that in the almost year remaining pre-halving, the price will experience a rise perhaps to $50K or so to come back down and after halving already attack the previous ATH of $69K. This particular month or next month, it is hard to tell. I don't see anything that is going to move us significantly from the kind of sideways we are in. But at some point in the next few months the price will go up, that's for sure.
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.
Meh, sideways. Bitcoin has been generally boring ever since the second quarter of the year came in, ever since the price has finally emerged from below $20,000 in March. Although there was a little hype some time in April because of the attempt to turn $30,000 into a support after breaking it, that hope was quickly dashed.
I guess this isn't simply the time for a trip to the moon. So this entire 2nd quarter will probably be a dance within $25,000 and $30,000.
I guess this isn't simply the time for a trip to the moon. So this entire 2nd quarter will probably be a dance within $25,000 and $30,000.
Love these topics tokeweed, keep them up! I still think it will go to moon, and opted for them on the poll, but I have been thinking that for like months now and been wrong so far, I hope that this time I won't be and it does well enough. At the end of the day we all know that it will do fine eventually, maybe not this month, maybe not next but it will start to go on a bull run eventually. This is why I keep thinking that will be the month we are on, whichever month we are on. I hope that we really start going up a bit, we really need to, it has been pretty disappointing since that 30k+ during April, because since then we haven't been able to see above that again, I am guessing it could be this month. Lets hope that we get it, and we see above 30k at least, even if not like a moon or something, 30k would mean that we are back at the top again and something is cooking, that will get people excited a bit more.
My predictions for the month of June are positive. Markets always go against expectations. If we thought that 29K is the old 9900, then we will be surprised that we broke that barrier, but I do not know whether we will hold above 30kfor a long time or not.
Those who wait for the price to drop are those who will not buy at a low price, you will always find them afraid of the price drop and they want to buy at the lowest possible price, so if the price reaches 25K, they will wait for 20K, and if it 20K, they will wait for 15K, and so on until the price suddenly increases and they regret.
If you did not buy when the price was less than 20K, and although all indicators say that the bottom is near, you will not buy when the price is above 26K, and everyone believes that it may decline.
Many people are waiting for its market price to fall for them to enter with a huge price discount. If it is general possibility then there is as evident with the CME Gap.
Those who wait for the price to drop are those who will not buy at a low price, you will always find them afraid of the price drop and they want to buy at the lowest possible price, so if the price reaches 25K, they will wait for 20K, and if it 20K, they will wait for 15K, and so on until the price suddenly increases and they regret.
If you did not buy when the price was less than 20K, and although all indicators say that the bottom is near, you will not buy when the price is above 26K, and everyone believes that it may decline.
So if sell in May then June = Moon? 
What do you guys think?
What do you guys think?After the end exit price of bitcoin at the end of May, I don’t see even a slight bull coming up by the end of this month. We had so much hope that the price will increase slightly than what we saw but it didn’t. I still feel the price this month will have no relative effect than the previous month’s. If at all a price increase will happen, it might still fall back or even go esser than its initial all-time low for this month. I don’t expect anything big of a difference this month than the former one, let’s just fold our hands and see how the market transpires.
Sentiment in June in my opinion is very good, the price of gold has also increased at the beginning of this month,
and usually the price of gold will have an impact on bitcoin, so if gold rises the price of bitcoin will also increase,
and it is proven that now bitcoin is above $ 27k before bitcoin was at $ 26.7 k,
yes hopefully Bitcoin can break out from $ 30k and go to $ 40k or $ 35k this June.
and usually the price of gold will have an impact on bitcoin, so if gold rises the price of bitcoin will also increase,
and it is proven that now bitcoin is above $ 27k before bitcoin was at $ 26.7 k,
yes hopefully Bitcoin can break out from $ 30k and go to $ 40k or $ 35k this June.
I think it is going to end up 30k+ and it will stay around those levels. I do not see it go 32k+ for example, that would be too much for one month and I am guessing that it will hurt the price and all. However, if we could end up with something bigger and better, then we could do bigger and better as well.
I think the realistic approach is that it will be either barely going above 30k, as in literally just 30.1-30.2 etc type of small increase, or it will probably end up with something under 30k again, but I still think that it will be higher. Whatever it has been so far, it may see higher than that, and that is the road we are on because of the halving, people are afraid of selling, and they are a lot more willing to buy at this moment as well.
I think the realistic approach is that it will be either barely going above 30k, as in literally just 30.1-30.2 etc type of small increase, or it will probably end up with something under 30k again, but I still think that it will be higher. Whatever it has been so far, it may see higher than that, and that is the road we are on because of the halving, people are afraid of selling, and they are a lot more willing to buy at this moment as well.
Many people are waiting for its market price to fall for them to enter with a huge price discount. If it is general possibility then there is as evident with the CME Gap. But as we all know, once buyers created a pressure, then we are more likely to see a continuous price increase. The market is now showing higher volatility than last month seeing altcoin prices with 40% increase while the price of Bitcoin plays aaround $27 - 28k. I'd say there's a higher tendency for the price to fall and fill the mentioned gap above mentioned. There's no concrete reason for an uptrend right now to trigger an uprise movement so it would more likely go the other way around.
June = Moon is a sentence that bears many questions. The moon, as understood, is for Bitcoin to break the highest barrier, which is above $60,000, and this is impossible. The moon may mean that we will rise to levels close to $60,000, which is also impossible.
So the moon, even if the moon means that we will rise from the close of May, you are using it in the wrong place.
During the middle of the year, trading is usually slow and trading is boring. Therefore, if we maintain these levels, the matter will be great, and I do not expect any rise above the $35,000 level.
So the moon, even if the moon means that we will rise from the close of May, you are using it in the wrong place.
During the middle of the year, trading is usually slow and trading is boring. Therefore, if we maintain these levels, the matter will be great, and I do not expect any rise above the $35,000 level.
I rely on the world economic situation to make my prediction, the Fed is still not clear on whether to continue raising interest rates or stop, so the market in June will depend on the decision of the Fed. If they announce a halt to rate hikes, that would be good news for us to hit our target of $30k or more this month. But if they continue to raise rates, the market is unlikely to perform any better.
For my part, I like the bear market, I don't expect the bitcoin price to go up that fast, and I will only think of a bitcoin price increase as we enter Q2 2024, meaning after the halving takes place.
For my part, I like the bear market, I don't expect the bitcoin price to go up that fast, and I will only think of a bitcoin price increase as we enter Q2 2024, meaning after the halving takes place.
So if sell in May then June = Moon? What do you guys think?
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.
Yeah, long term I'm also bullish and we might see a upside before the end of the year maybe $40k-$50k might be there for the taking if everyone went well in preparation of a halving.
But so far the market for this month might have taken a step back, so not going to be surprised that we might be for a long sideways pattern again, weeks hard of grinding. But I think it will be good for us, this period of inactivity might be a good time to just re-invest again.
So if sell in May then June = Moon? What do you guys think?
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.
There might be a short correction that will occur this month of June, the same goes for last month's history, with price correction first right after there's a price increase.
This month could be a sideways pattern the same as the previous history.
But this is just personal speculation which is we know that the market can be influenced by sudden news events or changes in investor sentiment, making it challenging to accurately forecast short-term price movements. So I encourage everyone to hold for a long period of time just like more than 6 months right after the next halving comes.
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